Lithium Battery Recycling Market, By Chemistry (Lithium-Cobalt Oxide battery, Lithium-Titanate Battery, Lithium-Manganese Oxide Battery, Lithium-Iron Phosphate Battery, Lithium-Nickel Manganese Cobalt Oxide Battery, Lithium-Nickel Cobalt Aluminum Battery), By Source (Commercial Electronics, Automotive, Stationary), By End-Use (Extraction of Material, Reuse, Repackaging & Second life, and Disposal), By Materials (Anode, Cathode, and Electrolyte) & Geography- Forecast to 2022
- Report Code: CH 2057
- Publish Date: Upcoming
Recycling of lithium ion battery starts by sorting batteries into different chemistries followed by separating lithium batteries and other chemistries into designated drums to make the system steady stream for recycling process. To separate metal from other materials is relatively easy, but to separate metals from the spent batteries can be challenging. Multiple techniques exist for recycling of lithium batteries, and different recycling processes have different environmental outcome. Generally, battery recycling processes are broken down into three categories such as hydrometallurgical, pyrometallurgical and physical/mechanical, processes. Often a combination of these techniques is used one after the other for the recovery of different materials.
Increasing awareness of environmental awareness of environmental concerns among people has led the adoption of electric vehicles. The widespread of electric vehicles, hybrid electric vehicles and plug-in hybrid electric vehicles, has inevitably led in the adoption of lithium batteries, which again indicates a bright future of lithium battery recycling.
The report covers lithium based chemistries such as Lithium-Cobalt Oxide battery, Lithium-Titanate Battery, Lithium-Manganese Oxide Battery, Lithium-Iron Phosphate Battery, Lithium-Nickel Manganese Cobalt Oxide Battery, and Lithium-Nickel Cobalt Aluminum Battery. The market is projected to grow at a CAGR of XX.X% during 2017-2022.
On basis of source, the market is segmented into commercial electronics, automotive and stationary. The automotive source held the largest share in 2017 and is expected to be growing at the highest CAGR during the forecast period.
The lithium battery recycling market is expected to grow in North America and Europe due to presence of largest market for electric vehicles, hybrid electric vehicles and plug-in hybrid electric vehicles. At the same time transportation, building & infrastructural developments are also high in developing economies.
This market research study provides a detailed qualitative and quantitative analysis of the global lithium battery recycling market. Various secondary sources, such as encyclopedia, directories, industry journals, and databases are used to identify and collect information useful for this extensive commercial study of the lithium battery recycling market. The primary sources include experts from related industries and suppliers who have been interviewed to obtain and verify critical information as well as to assess the future prospects of the market.
Competitive scenarios of the top players in the lithium battery recycling market have been discussed in detail. Leading players of this industry with their recent developments and other strategic industry activities are also covered in the report. Companies, such as AREC (US), OnTo Technologies (US), Retriev Technologies (US), Kinsbursky Brothers (US), Accurec
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