DUBLIN, November 09, 2021--(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.
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 Batteries In 2020
The lithium-cobalt (LCO) battery category accounted for the largest value share in 2020 in the lithium-ion battery recycling market, based...
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