Title: Lithium-ion Battery Recycling Market - Forecast(2022 - 2027)
1Lithium-ion Battery Recycling Market Market
size, Industry outlook, Market Forecast, Demand
Analysis, Market Share, Market Report (2022 -
2027)
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- Lithium-ion Battery Recycling Market size is
forecast to reach US10.7 billion by 2026, after
growing at a CAGR of 24.8 during 2021-2026. - The Lithium-ion battery recycling market is
influenced by rising demand for electric as well
as hybrid electric vehicles, where Lithium-ion
batteries are used extensively. - The adoption of these vehicles results in a
price hike of battery materials such as cobalt
and lithium, thus making recycling of
Lithium-ion battery industries more profitable. I
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Key Takeaways
- Asia-Pacific dominates the global Lithium-ion
Battery Recycling market, owing to increasing
government regulations and established
Lithium-ion battery manufacturers in the region. - As per Recycling International, 67,000 tons of
lithium ion batteries were recycled in China and
about 18,000 tones in South Korea in 2018.
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- By Distribution Channel- Segment Analysis
- Lithium-Cobalt Oxide (LCO) held the largest share
in the Lithium-ion battery recycling market in
2020 and is forecasted to grow at a CAGR of 20.1
during the forecast period. - The Lithium-Cobalt Oxide batteries have very
stable capacities. The thermal stability issues
are better for Lithium-Cobalt Oxide than other
chemistries, owing to this its demand is high.
Its high specific energy makes Li-cobalt the
popular choice for mobile phones, laptops and
digital cameras.
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- Lithium-ion Battery Recycling Market Industry
Outlook - Shenzhen Green Eco-manufacturer Hi-Tech Co.
(GEM), - Valdi (ERAMET),
- Umicore Battery Recycling,
- JX Nippon Mining and Metals Co.,
- Accurec Recycling GmbH
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Lithium-ion Battery Recycling Market -
Forecast(2022 - 2027)Learn More About the
Report _at_ https//www.industryarc.com/Research/Li
thium-ion-Battery-Recycling-Market-Research-500417
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