Do you know the lithium-ion battery recycling market size is expected to reach a value of USD 1.11 billion between 2020 and 2025?
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Frequently Asked Questions-
- Based on segmentation by source, which is the leading segment in the market?
The non-mobility segment is expected to be the leading segment based on source in the global market during the forecast period.
- What are the major trends in the market?
Stringent government regulations and EPA guidelines that limit environmental hazards are the major trends in the market.
- At what rate is the market projected to grow?
Growing at a CAGR of 17.76%, the incremental growth of the market is anticipated to be USD 1.11 billion.
- Who are the top players in the market?
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 are some of the major market participants.
- What are the key market drivers and challenges?
Increase in demand for electric vehicles is one of the major factors driving the market. However, the safety issues related to the storage and transportation of spent batteries restraints the market growth.
- How big is the APAC market?
The APAC region will contribute 85% of market growth.
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