Market Size – USD 1,767.3 Million in 2019, Market Growth - CAGR of 8.8%, Market Trends –Growth of the automotive industry
VANCOUVER, BC, CANADA, October 13, 2021 /EINPresswire.com/ -- The global lithium-ion battery recycling market is expected to reach USD 3,482.8 Million by 2027, according to a new report by Emergen Research. The lithium-ion battery recycling market is witnessing rapid growth in demand as raw materials such as lithium, nickel, cobalt, and manganese used in the manufacturing of cathode of batteries are limited. In contrast, these materials are witnessing an escalating demand from the end-user verticals, including automotive & transportation, consumer electronics, marine, power, and various other industries.
This is the latest report covering the impact of the COVID-19 pandemic on the Lithium-Ion Battery Recycling market and its crucial segments. The report considers the COVID-19 pandemic as a key factor affecting the growth of the Lithium-Ion Battery Recycling industry. The supply chain disruptions and economic standstill in the world have had an adverse effect on the Lithium-Ion Battery Recycling industry. The report assesses the impact of the pandemic on the market dynamics and changes in the supply and demand and trends of the industry. The report also offers an initial and future assessment of the pandemic in the Lithium-Ion Battery Recycling business sphere.
Get a free sample copy of the report @ https://www.emergenresearch.com/request-sample/109...
Read Full Story: https://www.einnews.com/pr_news/553762916/lithium-ion-battery-recycling-market-size-share-business-opportunities-drivers-and-restraint-research-report-by-2027
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