Lithium-Ion Battery Recycling Market

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Lithium-Ion Battery Recycling MarketMarket
size, Industry outlook, Market Forecast, Demand
Analysis, Market Share, Market Report 2021-2026
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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.

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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. 
• According to forecast by the International Energy
  Agency, electric car deployment has been growing
  rapidly over the past ten years, with the global
  stock of electric passenger cars passing 5
  million in 2018, an increase of 63 from the
  previous year. This is influencing Lithium-ion
  battery recycling market growth. 

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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. The LCO battery consists of a
cobalt oxide cathode and a graphite carbon anode
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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(2021 - 2026) Learn More About the
Report _at_ https//www.industryarc.com/Research/L
ithium-ion-Battery-Recycling-Market-Research-50041
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• Data Tables
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• Free Customization
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