NEW YORK, Oct. 27, 2021 /PRNewswire/ -- The "Lithium-Ion Battery Recycling Market by Source and Geography - Forecast and Analysis 2021-2025" report has been added to Technavio's offering.
The lithium-ion battery recycling market size is expected to increase by USD 1.11 billion, at a CAGR of almost 18% from 2020 to 2025.
Market Dynamics
Factors such as increase in demand for electric vehicles, stringent government regulations and EPA guidelines that limit environmental hazards will be crucial in driving the growth of the market. But the safety issues related to the storage and transportation of spent batteries will restrict the market growth.
The effective use of lithium-ion batteries in biomedical devices is expected to open multiple growth opportunities for players in the market. But the restrictions on transporting lithium-ion batteries by air might impact the business of vendors during the forecast period.
Company Profiles
The lithium-ion battery recycling market report provides complete insights on key vendors including American Manganese Inc., American Zinc Recycling, Glencore Plc, Li-Cycle Holdings Corp., Neometals Ltd, Raw Materials Co. Inc., Recupyl Sas, Retriev Technologies, Sistemas de Tubo Ambiental SA de CV, and Umicore.
Competitive Analysis
The lithium-ion battery recycling market report includes the competitive analysis, which analyzes and evaluates the position of companies based on their industry position score and market performance score. Some of the...
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