DUBLIN--(BUSINESS WIRE)--The "Lithium-Ion Battery Recycling Market Research Report: By Battery Type, End User - Global Industry Analysis and Growth Forecast to 2030" report has been added to ResearchAndMarkets.com's offering.
“Lithium-Ion Battery Recycling Market Research Report: By Battery Type, End User - Global Industry Analysis and Growth Forecast to 2030”
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The global lithium-ion battery recycling market was valued at $161.4 million in 2020, and it is expected to grow at a CAGR of 19.9% during 2020-2030.
Companies Mentioned
- ACCUREC-Recycling GmbH
- American Manganese Inc.
- Li-Cycle Corp.
- Neometals Ltd.
- Batrec Industrie AG
- RECUPYL S.A.S.
- Retriev Technologies
- Umicore Group
- Hunan Brunp Recycling Technology Co. Ltd.
- Ganfeng Lithium Co. Ltd.
The major factors driving the growth of the market are the limited availability of lithium, and rapidly increasing demand for electric vehicles.
The COVID-19 pandemic has a significant negative impact on the market for lithium-ion battery recycling, majorly attributable to the shutdown of recycling facilities, in compliance with government regulations, to contain the disease, particularly, in 2020. In addition, due to the pandemic, several industrial operations were suspended, which has mainly impacted automobile manufacturing owing to the smaller workforce. This in turn, have led to the huge reduction in the demand for lithium-ion battery recycling solutions.
LCO Dominated The Market For Lithium-Ion...
Read Full Story: https://www.businesswire.com/news/home/20211109006111/en/Worldwide-Lithium-Ion-Battery-Recycling-Industry-to-2030---Featuring-American-Manganese-Li-Cycle-and-Umicore-Among-Others---ResearchAndMarkets.com
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