リチウムイオン電池リサイクル市場 – 2032年までの世界予測

Lithium-ion Battery Recycling Market - Global Forecast To 2032

リチウムイオン電池リサイクル市場 - 原料 (自動車、自動車以外)、バッテリーの化学、バッテリー部品、リサイクル プロセス (湿式冶金プロセス、乾式冶金プロセス、物理/機械プロセス)、および地域別 - 2032年までの世界予測
Lithium-ion Battery Recycling Market by Source (Automotive, Non-automotive), Battery Chemistry, Battery Components, Recycling Process (Hydrometallurgical Process, Pyrometallurgy Process, Physical/Mechanical Process), and Region - Global Forecast to 2032
出版社MarketsandMarkets
出版年月2024年8月
ページ数196
図表数193
価格タイプシングルユーザライセンス
価格USD 4,950
種別英文調査報告書

Report Overview

The global Lithium-ion battery recycling market is projected to grow from USD 16.2 billion in 2024 to USD 56.9 billion by 2032, at a CAGR of 17.0% during the forecast period.

世界のリチウムイオン電池リサイクル市場は、予測期間中に17.0%のCAGRで、2024年の162億米ドルから2032年までに569億米ドルに成長すると予測されています。

リチウムイオン電池リサイクル市場 - 2032年までの世界予測

The industry for recycling lithium-ion batteries is expanding significantly due to a number of variables coming together. The need for efficient recycling methods has arisen due to the growing demand for portable gadgets and electric vehicles, as well as the scarcity and rising expense of essential battery components. Battery recycling is also becoming more and more popular as a responsible and ecologically good way to manage end-of-life batteries due to strict environmental restrictions and consumer awareness of sustainable practices.

“Industrial segment, by source, is estimated to account for the second largest share during the forecast period”

The industrial segment is projected to secure the second-largest share in the forecast period. The growing electrification of industrial processes is driving this rise. Batteries are being used in material handling machinery, energy storage systems, and other industrial applications. The recycling sector will see an increase in industrial battery waste as these batteries approach the end of their useful lives. Government rules emphasizing resource recovery and sustainable industrial practices are also anticipated to fuel expansion in this market..

リチウムイオン電池リサイクル市場 - 2032年までの世界予測 ecosystem

“By battery chemistry, Lithium Nickel Manganese Cobalt (Li-NMC) segment is accounted for the second largest share during the forecast period

Lithium Nickel Manganese Cobalt (Li-NMC) battery chemistry is expected to have the second largest market share during the forecast period. Their extensive application in electric vehicles, a quickly growing industry, is responsible for their prominence. NMC batteries are a recommended option for automotive applications because they provide a balance between energy density, power output, and lifespan. The amount of NMC batteries nearing the end of their useful lives will increase along with the market for electric vehicles, offering recycling businesses a big chance to recover precious elements like nickel, cobalt, and lithium.

“Europe region is estimated to account for the second largest share during the forecast period”

Europe is expected to be the second largest market for lithium-ion battery recycling. This position is supported by multiple factors. First off, the area has been a one of the leaders in the use of electric vehicle and renewable energy sources adoption, which has resulted in a significant number of end-of-life batteries. Secondly, investments in recycling infrastructure have been pushed by strict environmental rules and an emphasis on the concepts of the circular economy. Moreover, there is also a captive market for recycled battery materials in Europe due to the existence of major vehicle and battery manufacturers.

Profile break-up of primary participants for the report:

  • By Company Type: Tier 1 – 65%, Tier 2 – 20%, and Tier 3 – 15%
  • By Designation: C-level– 25%, Director Level– 30%, and Others – 45%
  • By Region: North America – 23%, Europe – 19%, Asia Pacific – 58%

リチウムイオン電池リサイクル市場 - 2032年までの世界予測 region

Umicore (Belgium), Cirba Solutions (US), Glencore (Switzerland), Contemporary Amperex Technology Co., Ltd (China), and RecycLiCo Battery Materials, Inc. (Canada) are some of the major players operating in the Lithium-ion battery recycling market. These players have adopted strategies such as expansions, acquisitions, and partnerships, and expansions in order to increase their market share business revenue.

Research Coverage:

The report defines, segments, and projects the Lithium-ion battery recycling market based on battery chemistry, source, battery component, recycling process, and region. It provides detailed information regarding the major factors influencing the growth of the market, such as drivers, restraints, opportunities, and challenges. It strategically profiles, battery recyclers and comprehensively analyses their market shares and core competencies as well as tracks and analyzes competitive developments, such as expansions, joint ventures, agreements, and acquisitions, undertaken by them in the market.

Reasons to Buy the Report:

The report is expected to help the market leaders/new entrants in the market by providing them the closest approximations of revenue numbers of the lithium-ion battery recycling market and its segments. This report is also expected to help stakeholders obtain an improved understanding of the competitive landscape of the market, gain insights to improve the position of their businesses, and make suitable go-to-market strategies. It also enables stakeholders to understand the pulse of the market and provide them information on key market drivers, restraints, challenges, and opportunities.

The report provides insights on the following pointers:

  • Analysis of key drivers (Stringent local and state government regulations, Increase in demand for electric vehicles, and EPA guidelines, Rising demand for recycled products and materials, Depletion of earth metals), restraints (Safety issues related to storage and transportation of spent batteries), opportunities (Subsidies to encourage battery recycling, Rising adoption of lithium-ion batteries due to declining prices), and challenges (High cost of recycling and dearth of technologies) influencing the growth of the Lithium-ion battery recycling market.
  • Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities in the Lithium-ion battery recycling market.
  • Market Development: Comprehensive information about lucrative markets – the report analyses the Lithium-ion battery recycling market across varied regions.
  • Market Diversification: Exhaustive information about new products, various types, untapped geographies, recent developments, and investments in the Lithium-ion battery recycling market.
  • Competitive Assessment: In-depth assessment of market shares, growth strategies and product offerings of leading players such as Umicore (Belgium), Glencore (Switzerland), Cirba Solutions (US), Contemporary Amperex Technology Co., Ltd (China), RecycLiCo Battery Materials, Inc. (Canada), American Battery Technology Company (US), Accurec Recycling GmbH (Germany), Ecobat (US), Fortum (Finland), Gem Co., Ltd (China), Aqua Metals, Inc. (US), Li-Cycle Corp (Canada), Redwood Materials Inc (US), Neometals Ltd (Australia), Stena Recycling (Sweden), SK Tes (Singapore), Veolia (France) and others in the Lithium-ion battery recycling market.

Lithium-ion Battery Recycling Market by Source (Automotive, Non-automotive), Battery Chemistry, Battery Components, Recycling Process (Hydrometallurgical Process, Pyrometallurgy Process, Physical/Mechanical Process), and Region – Global Forecast to 2032

リチウムイオン電池リサイクル市場 – 原料 (自動車、自動車以外)、バッテリーの化学、バッテリー部品、リサイクル プロセス (湿式冶金プロセス、乾式冶金プロセス、物理/機械プロセス)、および地域別 – 2032年までの世界予測

Table of Contents

1            INTRODUCTION            20

1.1         STUDY OBJECTIVES      20

1.2         MARKET DEFINITION   20

1.2.1      INCLUSIONS & EXCLUSIONS     21

1.3         STUDY SCOPE  22

1.3.1      YEARS CONSIDERED     23

1.3.2      CURRENCY CONSIDERED          23

1.3.3      UNITS CONSIDERED     23

1.4         LIMITATIONS   23

1.5         STAKEHOLDERS            24

1.6         SUMMARY OF CHANGES            24

2            RESEARCH METHODOLOGY     25

2.1         RESEARCH DATA           25

2.1.1      SECONDARY DATA       26

2.1.1.1   Key data from secondary sources     26

2.1.2      PRIMARY DATA 26

2.1.2.1   Key industry insights          27

2.1.2.2   Breakdown of interviews with experts            27

2.2         MATRIX CONSIDERED FOR DEMAND SIDE         28

2.3         MARKET SIZE ESTIMATION       28

2.3.1      BOTTOM-UP APPROACH           29

2.3.2      TOP-DOWN APPROACH             29

2.3.2.1   Calculations for supply-side analysis 31

2.4         GROWTH FORECAST    31

2.5         DATA TRIANGULATION             32

2.5.1      RESEARCH ASSUMPTIONS         33

2.5.2      RESEARCH LIMITATIONS           33

2.5.3      RISK ASSESSMENT         33

3            EXECUTIVE SUMMARY 34

4            PREMIUM INSIGHTS      37

4.1         ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN LITHIUM-ION BATTERY RECYCLING MARKET 37

4.2         AUTOMOTIVE LITHIUM-ION BATTERY RECYCLING MARKET,  BY REGION             38

4.3         LITHIUM-ION BATTERY RECYCLING MARKET,  BY BATTERY CHEMISTRY      38

4.4         AUTOMOTIVE LITHIUM-ION BATTERY RECYCLING MARKET,  BY KEY COUNTRY         39

5            MARKET OVERVIEW     40

5.1         INTRODUCTION            40

5.2         MARKET DYNAMICS     40

5.2.1      DRIVERS            41

5.2.1.1   Increasing demand for electric vehicles          41

5.2.1.2   Stringent local and state government regulations and EPA guidelines      41

5.2.1.3   Rising demand for recycled products and materials      42

5.2.1.4   Depletion of earth metals   42

5.2.2      RESTRAINTS     43

5.2.2.1   Safety issues related to storage and transportation of spent batteries        43

5.2.3      OPPORTUNITIES           43

5.2.3.1   Subsidies to encourage battery recycling        43

5.2.3.2   Rising adoption of lithium-ion batteries due to declining prices  43

5.2.4      CHALLENGES   44

5.2.4.1   High cost of recycling and lack of advanced technologies           44

6            INDUSTRY TRENDS       45

6.1         SUPPLY/VALUE CHAIN ANALYSIS          45

6.1.1      ECOSYSTEM/MARKET MAP       46

6.2         PORTER’S FIVE FORCES ANALYSIS         47

6.2.1      BARGAINING POWER OF SUPPLIERS     48

6.2.2      BARGAINING POWER OF BUYERS           48

6.2.3      THREAT OF NEW ENTRANTS    48

6.2.4      THREAT OF SUBSTITUTES         48

6.2.5      INTENSITY OF COMPETITIVE RIVALRY 49

6.3         PRICING ANALYSIS        49

6.3.1      AVERAGE SELLING PRICE TREND, BY REGION  49

6.3.2      AVERAGE SELLING PRICE TREND, BY METAL    51

6.4         TARIFF AND REGULATORY LANDSCAPE            51

6.4.1      REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS          51

6.5         KEY CONFERENCES AND EVENTS IN 2024–2025 53

6.6         KEY STAKEHOLDERS AND BUYING CRITERIA    54

6.6.1      KEY STAKEHOLDERS IN BUYING PROCESS         54

6.6.2      BUYING CRITERIA         54

6.7         PATENT ANALYSIS        55

6.7.1      METHODOLOGY           55

6.7.2      MAJOR PATENTS FOR LITHIUM-ION BATTERY RECYCLING       57

6.8         TECHNOLOGY ANALYSIS           59

6.8.1      KEY TECHNOLOGY       59

6.8.1.1   Lithium-ion battery recycling           59

6.8.1.2   Pyrometallurgy    59

6.8.1.3   Hydrometallurgy 60

6.8.1.4   Pyrolysis 60

6.8.1.5   Mechanical recycling         60

6.8.2      ADJACENT TECHNOLOGY         61

6.8.2.1   Lead acid battery recycling 61

6.9         TRADE ANALYSIS          62

6.9.1      IMPORT SCENARIO       62

6.9.2      EXPORT SCENARIO       63

6.10       CASE STUDY ANALYSIS 64

6.10.1    REDWOOD MATERIALS: PIONEERING A SUSTAINABLE BATTERY

RECYCLING MODEL      64

6.11       TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS       65

6.12       INVESTMENT AND FUNDING SCENARIO            65

6.13       IMPACT OF GENERATIVE AI ON LITHIUM-ION BATTERY RECYCLING MARKET            66

6.13.1    INTRODUCTION            66

6.13.2    OVERVIEW        66

6.13.2.1 Enhanced predictive analytics          66

6.13.2.2 Optimization of recycling processes 67

6.13.2.3 Waste sorting and classification       67

7            LITHIUM-ION BATTERY RECYCLING MARKET, BY SOURCE        68

7.1         INTRODUCTION            69

7.2         AUTOMOTIVE  69

7.2.1      HIGH DEMAND FOR ELECTRIC VEHICLES TO DRIVE MARKET   69

7.3         NON-AUTOMOTIVE      71

7.3.1      PRESSING NEED FOR RECYCLING BATTERIES IN CONSUMER ELECTRONICS SEGMENT TO DRIVE MARKET    71

7.3.2      INDUSTRIAL     72

7.3.3      POWER 72

7.3.4      MARINE             72

7.3.5      CONSUMER ELECTRONICS        73

7.3.6      OTHER SOURCES           73

8            LITHIUM-ION BATTERY RECYCLING MARKET, BY RECYCLING PROCESS           74

8.1         INTRODUCTION            74

8.2         HYDROMETALLURGICAL          77

8.3         PYROMETALLURGICAL 77

8.4         PHYSICAL/MECHANICAL           78

9            LITHIUM-ION BATTERY RECYCLING MARKET, BY BATTERY COMPONENT   79

9.1         INTRODUCTION            79

9.2         ACTIVE MATERIAL        79

9.2.1      CATHODE/POSITIVE    79

9.2.2      ANODE/NEGATIVE       79

9.3         NON-ACTIVE MATERIAL            80

9.3.1      ELECTROLYTE 80

9.3.2      SEPARATOR MATERIALS            80

9.3.3      OTHER MATERIAL        80

10          LITHIUM-ION BATTERY RECYCLING MARKET – BY BATTERY CHEMISTRY      81

10.1       INTRODUCTION            82

10.2       LITHIUM NICKEL MANGANESE COBALT            83

10.2.1    INCREASING DEMAND FOR E-BIKES AND ELECTRIC POWERTRAINS

TO DRIVE MARKET       83

10.3       LITHIUM IRON PHOSPHATE     85

10.3.1    GOOD ELECTROCHEMICAL PERFORMANCE WITH LOW RESISTANCE

TO BOOST DEMAND     85

10.4       LITHIUM MANGANESE OXIDE  86

10.4.1    WIDE APPLICATION IN POWER TOOLS AND HYBRID VEHICLES TO DRIVE MARKET 86

10.5       LITHIUM TITANATE OXIDE       88

10.5.1    INCREASED USE IN ELECTRIC POWER TRAINS TO BOOST MARKET              88

10.6       LITHIUM NICKEL COBALT ALUMINUM OXIDE  89

10.6.1    HIGH CAPACITY AND ENERGY DENSITY TO BOOST DEMAND   89

11          LITHIUM-ION BATTERY RECYCLING MARKET, BY REGION        92

11.1       INTRODUCTION            93

11.2       NORTH AMERICA          94

11.2.1    US         98

11.2.1.1 Sustainable management of resources to drive market  98

11.2.2    CANADA            98

11.2.2.1 Growing demand for EV and consumer electronics to propel market        98

11.2.3    MEXICO             98

11.2.3.1 Investment by key players in developing electric vehicles to boost market 98

11.3       ASIA PACIFIC    99

11.3.1    CHINA  104

11.3.1.1 Growing sales of electric vehicles to drive market         104

11.3.2    JAPAN  104

11.3.2.1 Government initiatives related to battery recycling to boost market         104

11.3.3    SOUTH KOREA 105

11.3.3.1 Substantial growth in automotive sector to boost demand for batteries     105

11.4       EUROPE             105

11.4.1    FRANCE             110

11.4.1.1 Technological advancements in battery recycling to boost market            110

11.4.2    GERMANY         111

11.4.2.1 Growing shift toward EVs and battery-powered machinery to drive market              111

11.4.3    NETHERLANDS 111

11.4.3.1 Growth in EV industry to boost market          111

11.4.4    UK         111

11.4.4.1 Surge in sales of electric vehicles to drive market         111

11.4.5    NORWAY           111

11.4.5.1 Replacement of internal combustion engine vehicles with advanced EVs to drive market   111

12          COMPETITIVE LANDSCAPE       112

12.1       INTRODUCTION            112

12.2       KEY PLAYER STRATEGIES/RIGHT TO WIN          112

12.2.1    OVERVIEW OF STRATEGIES ADOPTED BY KEY MARKET PLAYERS (2020–2024)       112

12.3       REVENUE ANALYSIS      114

12.4       MARKET SHARE ANALYSIS         115

12.5       BRAND/PRODUCT COMPARISON ANALYSIS      117

12.6       COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023   118

12.6.1    STARS  118

12.6.2    EMERGING LEADERS    118

12.6.3    PERVASIVE PLAYERS     118

12.6.4    PARTICIPANTS 118

12.6.5    COMPANY FOOTPRINT: KEY PLAYERS, 2023      120

12.7       COMPANY EVALUATION MATRIX: STARTUP/SMES, 2023            123

12.7.1    PROGRESSIVE COMPANIES       123

12.7.2    RESPONSIVE COMPANIES          123

12.7.3    DYNAMIC COMPANIES 124

12.7.4    STARTING BLOCKS       124

12.7.5    COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023             125

12.8       VALUATION AND FINANCIAL METRICS 127

12.9       COMPETITIVE SCENARIO AND TRENDS             128

12.9.1    PRODUCT LAUNCHES  128

12.9.2    DEALS  129

12.9.3    EXPANSION      130

13          COMPANY PROFILES    131

13.1       KEY PLAYERS   131

13.1.1    UMICORE          131

13.1.1.1 Business overview 131

13.1.1.2 Products/Solutions/Services offered 132

13.1.1.3 Recent developments         133

13.1.1.3.1            Deals     133

13.1.1.4 MnM view           134

13.1.1.4.1            Right to win         134

13.1.1.4.2            Strategic choices  134

13.1.1.4.3            Weaknesses and competitive threats 134

13.1.2    GLENCORE       135

13.1.2.1 Business overview 135

13.1.2.2 Products/Solutions/Services offered 136

13.1.2.3 Recent developments         137

13.1.2.3.1            Deals     137

13.1.2.4 MnM view           138

13.1.2.4.1            Right to win         138

13.1.2.4.2            Strategic choices  138

13.1.2.4.3            Weaknesses and competitive threats 138

13.1.3    CIRBA SOLUTIONS        139

13.1.3.1 Business overview 139

13.1.3.2 Products/Solutions/Services offered 139

13.1.3.3 Recent developments         140

13.1.3.3.1            Deals     140

13.1.3.4 MnM view           141

13.1.3.4.1            Right to win         141

13.1.3.4.2            Strategic choices  141

13.1.3.4.3            Weaknesses and competitive threats 142

13.1.4    CONTEMPORARY AMPEREX TECHNOLOGY CO., LTD.   143

13.1.4.1 Business overview 143

13.1.4.2 Products/Solutions/Services offered 144

13.1.4.3 Recent developments         144

13.1.4.3.1            Deals     144

13.1.4.4 MnM view           145

13.1.4.4.1            Right to win         145

13.1.4.4.2            Strategic choices  145

13.1.4.4.3            Weaknesses and competitive threats 146

13.1.5    RECYCLICO BATTERY MATERIALS INC 147

13.1.5.1 Business overview 147

13.1.5.2 Products/Solutions/Services offered 147

13.1.5.3 Recent developments         147

13.1.5.3.1            Deals     147

13.1.5.4 MnM view           149

13.1.5.4.1            Right to Win        149

13.1.5.4.2            Strategic choices  149

13.1.5.4.3            Weaknesses and competitive threats 149

13.1.6    AMERICAN BATTERY TECHNOLOGY COMPANY             150

13.1.6.1 Business overview 150

13.1.6.2 Products/Solutions/Services offered 150

13.1.6.3 Recent developments         151

13.1.6.3.1            Deals     151

13.1.6.3.2            Expansions          152

13.1.7    ACCUREC RECYCLING GMBH   153

13.1.7.1 Business overview 153

13.1.7.2 Products/Solutions/Services offered 153

13.1.8    ECOBAT            154

13.1.8.1 Business overview 154

13.1.8.2 Products/Solutions/Services offered 154

13.1.8.3 Recent developments         155

13.1.8.3.1            Deals     155

13.1.8.3.2            Expansions          156

13.1.9    FORTUM            157

13.1.9.1 Business overview 157

13.1.9.2 Products/Solutions/Services offered 158

13.1.10  GEM CO., LTD. 159

13.1.10.1             Business overview 159

13.1.10.2             Products/Solutions/Services offered 159

13.1.10.3             Recent developments         160

13.1.10.3.1          Deals     160

13.1.11  AQUA METALS, INC.      162

13.1.11.1             Business overview 162

13.1.11.2             Products/Solutions/Services offered 162

13.1.11.3             Recent developments         163

13.1.11.3.1          Deals     163

13.1.11.3.2          Expansions          164

13.1.12  LI-CYCLE CORP.             165

13.1.12.1             Business overview 165

13.1.12.2             Products/Solutions/Services offered 166

13.1.12.3             Recent developments         167

13.1.12.3.1          Deals     167

13.1.12.3.2          Expansions          169

13.1.13  NEOMETALS LTD.         170

13.1.13.1             Business overview 170

13.1.13.2             Products/Solutions/Services offered 170

13.1.13.3             Recent developments         171

13.1.13.3.1          Deals     171

13.1.14  REDWOOD MATERIALS 172

13.1.14.1             Business overview 172

13.1.14.2             Products/Solutions/Services offered 172

13.1.14.3             Recent developments         173

13.1.14.3.1          Deals     173

13.1.15  STENA RECYCLING       175

13.1.15.1             Business overview 175

13.1.15.2             Products/Solutions/Services offered 175

13.1.15.3             Recent developments         176

13.1.15.3.1          Deals     176

13.1.16  SK TES  177

13.1.16.1             Business overview 177

13.1.16.2             Products/Solutions/Services offered 177

13.1.17  VEOLIA 178

13.1.17.1             Business overview 178

13.1.17.2             Products/Solutions/Services offered 179

13.2       OTHER PLAYERS           180

13.2.1    ENVIROSTREAM AUSTRALIA PTY LTD. 180

13.2.2    BATTERY RECYCLING MADE EASY         180

13.2.3    DUESENFELD GMBH    181

13.2.4    ELEMENTAL HOLDING SA         181

13.2.5    TATA CHEMICALS LIMITED      182

13.2.6    LITHION RECYCLING   183

13.2.7    ONTO TECHNOLOGY   183

13.2.8    BATREC INDUSTRIE      184

13.2.9    ATTERO            184

13.2.10  SITRASA             185

14          ADJACENT AND RELATED MARKETS     186

14.1       INTRODUCTION            186

14.2       LIMITATIONS   186

14.3       INTERCONNECTED MARKET    186

14.4       BATTERY RECYCLING MARKET 186

14.4.1    MARKET DEFINITION   186

14.4.2    MARKET OVERVIEW     186

14.4.3    BATTERY RECYCLING MARKET, BY CHEMISTRY             187

14.5       LEAD ACID        187

14.5.1    LOW RECYCLING COSTS AND HIGH RECOVERY RATE TO DRIVE MARKET            187

14.6       NICKEL-BASED 188

14.6.1    HIGHER POWER DENSITY TO DRIVE SEGMENT 188

14.7       LITHIUM-BASED            189

14.7.1    INCREASING GLOBAL CONSUMPTION TO DRIVE MARKET        189

14.8       OTHERS             189

15          APPENDIX         190

15.1       DISCUSSION GUIDE      190

15.2       KNOWLEDGESTORE: MARKETSANDMARKETS’  SUBSCRIPTION PORTAL             192

15.3       CUSTOMIZATION OPTIONS      194

15.4       RELATED REPORTS       194

15.5       AUTHOR DETAILS         195

LIST OF TABLES

TABLE 1             LITHIUM-ION BATTERY RECYCLING MARKET, BY REGION: INCLUSIONS & EXCLUSIONS     21

TABLE 2             LITHIUM-ION BATTERY RECYCLING MARKET SNAPSHOT: 2024 VS. 2032 34

TABLE 3             KEY COMPANIES IN LIB RECYCLING: RECYCLING METHOD ADOPTED AND

VOLUME PROCESSED   42

TABLE 4             LITHIUM-ION BATTERY RECYCLING MARKET: ROLE IN ECOSYSTEM     46

TABLE 5             LITHIUM-ION BATTERY RECYCLING MARKET: PORTER’S FIVE FORCES ANALYSIS         48

TABLE 6             REGULATIONS AND STANDARDS FOR BATTERIES         51

TABLE 7             NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS 52

TABLE 8             EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 52

TABLE 9             ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES,  AND OTHER ORGANIZATIONS      53

TABLE 10           LITHIUM-ION BATTERY RECYCLING MARKET: KEY CONFERENCES AND EVENTS, 2024–2025             53

TABLE 11           INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP

THREE SOURCES (%)    54

TABLE 12           KEY BUYING CRITERIA FOR TOP THREE SOURCES         55

TABLE 13           IMPORT DATA ON LITHIUM CELLS AND BATTERIES (USD THOUSAND)     62

TABLE 14           EXPORT DATA ON LITHIUM CELLS AND BATTERIES (USD THOUSAND)     63

TABLE 15           AUTOMOTIVE: LITHIUM-ION BATTERY RECYCLING MARKET, BY REGION,

2019–2022 (USD MILLION)          70

TABLE 16           AUTOMOTIVE: LITHIUM-ION BATTERY RECYCLING MARKET, BY REGION,

2023–2032 (USD MILLION)          70

TABLE 17           AUTOMOTIVE: LITHIUM-ION BATTERY RECYCLING MARKET, BY REGION,

2019–2022 (UNITS)         70

TABLE 18           AUTOMOTIVE: LITHIUM-ION BATTERY RECYCLING MARKET, BY REGION,

2023–2032 (UNITS)         70

TABLE 19           NON-AUTOMOTIVE: LITHIUM-ION BATTERY RECYCLING MARKET, BY SOURCE, 2019–2022 (USD MILLION)            71

TABLE 20           NON-AUTOMOTIVE: LITHIUM-ION BATTERY RECYCLING MARKET, BY SOURCE, 2023–2032 (USD MILLION)            71

TABLE 21           NET RECYCLING PROFIT FOR PYROMETALLURGY VS HYDROMETALLURGY  74

TABLE 22           COMPARISON OF HYDROMETALLURGY AND PYROMETALLURGY      76

TABLE 23           AUTOMOTIVE: LITHIUM-ION BATTERY RECYCLING MARKET, BY BATTERY CHEMISTRY, 2019–2022 (UNITS)    82

TABLE 24           AUTOMOTIVE: LITHIUM-ION BATTERY RECYCLING MARKET, BY BATTERY CHEMISTRY, 2023–2032 (UNITS)    83

TABLE 25           LI-NMC: AUTOMOTIVE LITHIUM-ION BATTERY RECYCLING MARKET, BY REGION, 2019–2022 (UNITS)            84

TABLE 26           LI-NMC: AUTOMOTIVE LITHIUM-ION BATTERY RECYCLING MARKET, BY REGION,  2023–2032 (UNITS)         84

TABLE 27           LFP: AUTOMOTIVE LITHIUM-ION BATTERY RECYCLING MARKET, BY REGION,

2019–2022 (UNITS)         85

TABLE 28           LFP: AUTOMOTIVE LITHIUM-ION BATTERY RECYCLING MARKET, BY REGION,

2023–2032 (UNITS)         86

TABLE 29           LMO: AUTOMOTIVE LITHIUM-ION BATTERY RECYCLING MARKET, BY REGION, 2019–2022 (UNITS)            87

TABLE 30           LMO: AUTOMOTIVE LITHIUM-ION BATTERY RECYCLING MARKET, BY REGION, 2023–2032 (UNITS)            87

TABLE 31           LTO: AUTOMOTIVE LITHIUM-ION BATTERY RECYCLING MARKET, BY REGION,

2019–2022 (UNITS)         89

TABLE 32           LTO: AUTOMOTIVE LITHIUM-ION BATTERY RECYCLING MARKET, BY REGION,

2023–2032 (UNITS)         89

TABLE 33           NCA: AUTOMOTIVE LITHIUM-ION BATTERY RECYCLING MARKET, BY REGION,

2019–2022 (UNITS)         90

TABLE 34           NCA: AUTOMOTIVE LITHIUM-ION BATTERY RECYCLING MARKET, BY REGION,

2023–2032 (UNITS)         91

TABLE 35           LITHIUM-ION BATTERY RECYCLING MARKET, BY REGION,

2019–2022 (USD MILLION)          93

TABLE 36           LITHIUM-ION BATTERY RECYCLING MARKET, BY REGION,

2023–2032 (USD MILLION)          93

TABLE 37           NORTH AMERICA: AUTOMOTIVE LITHIUM-ION BATTERY RECYCLING MARKET,

BY COUNTRY,  2019–2022 (USD MILLION)         95

TABLE 38           NORTH AMERICA: AUTOMOTIVE LITHIUM-ION BATTERY RECYCLING MARKET,

BY COUNTRY,  2023–2032 (USD MILLION)         95

TABLE 39           NORTH AMERICA: AUTOMOTIVE LITHIUM-ION BATTERY RECYCLING MARKET,

BY COUNTRY,  2019–2022 (UNITS)         95

TABLE 40           NORTH AMERICA: AUTOMOTIVE LITHIUM-ION BATTERY RECYCLING MARKET,

BY COUNTRY,  2023–2032 (UNITS)         96

TABLE 41           NORTH AMERICA: NON-AUTOMOTIVE LITHIUM-ION BATTERY RECYCLING MARKET,  BY SOURCE, 2019–2022 (USD MILLION)              96

TABLE 42           NORTH AMERICA: NON-AUTOMOTIVE LITHIUM-ION BATTERY RECYCLING MARKET,  BY SOURCE, 2023–2032 (USD MILLION)              96

TABLE 43           NORTH AMERICA: AUTOMOTIVE LITHIUM-ION BATTERY RECYCLING MARKET,

BY BATTERY CHEMISTRY, 2019–2022 (UNITS)    97

TABLE 44           NORTH AMERICA: AUTOMOTIVE LITHIUM-ION BATTERY RECYCLING MARKET,

BY BATTERY CHEMISTRY, 2023–2032 (UNITS)    97

TABLE 45           ASIA PACIFIC: AUTOMOTIVE LITHIUM-ION BATTERY RECYCLING MARKET,

BY COUNTRY,  2019–2022 (USD MILLION)         100

TABLE 46           ASIA PACIFIC: AUTOMOTIVE LITHIUM-ION BATTERY RECYCLING MARKET,

BY COUNTRY,  2023–2032 (USD MILLION)         100

TABLE 47           ASIA PACIFIC: AUTOMOTIVE LITHIUM-ION BATTERY RECYCLING MARKET,

BY COUNTRY,  2019–2022 (UNITS)         101

TABLE 48           ASIA PACIFIC: AUTOMOTIVE LITHIUM-ION BATTERY RECYCLING MARKET,

BY COUNTRY,  2023–2032 (UNITS)         102

TABLE 49           ASIA PACIFIC: NON-AUTOMOTIVE LITHIUM-ION BATTERY RECYCLING MARKET,

BY SOURCE, 2019–2022 (USD MILLION) 102

TABLE 50           ASIA PACIFIC: NON-AUTOMOTIVE LITHIUM-ION BATTERY RECYCLING MARKET,

BY SOURCE, 2023–2032 (USD MILLION) 103

TABLE 51           ASIA PACIFIC: AUTOMOTIVE LITHIUM-ION BATTERY RECYCLING MARKET,

BY BATTERY CHEMISTRY, 2019–2022 (UNITS)    103

TABLE 52           ASIA PACIFIC: AUTOMOTIVE LITHIUM-ION BATTERY RECYCLING MARKET,

BY BATTERY CHEMISTRY, 2023–2032 (UNITS)    104

TABLE 53           EUROPE: AUTOMOTIVE LITHIUM-ION BATTERY RECYCLING MARKET, BY COUNTRY,  2019–2022 (USD MILLION)      106

TABLE 54           EUROPE: AUTOMOTIVE LITHIUM-ION BATTERY RECYCLING MARKET, BY COUNTRY,  2023–2032 (USD MILLION)      107

TABLE 55           EUROPE: AUTOMOTIVE LITHIUM-ION BATTERY RECYCLING MARKET, BY COUNTRY,  2019–2022 (UNITS)     107

TABLE 56           EUROPE: AUTOMOTIVE LITHIUM-ION BATTERY RECYCLING MARKET, BY COUNTRY,  2023–2032 (UNITS)     108

TABLE 57           EUROPE: NON-AUTOMOTIVE LITHIUM-ION BATTERY RECYCLING MARKET,

BY SOURCE, 2019–2022 (USD MILLION) 108

TABLE 58           EUROPE: NON-AUTOMOTIVE LITHIUM-ION BATTERY RECYCLING MARKET,

BY SOURCE, 2023–2032 (USD MILLION) 109

TABLE 59           EUROPE: AUTOMOTIVE LITHIUM-ION BATTERY RECYCLING MARKET, BY BATTERY CHEMISTRY, 2019–2022 (UNITS) 109

TABLE 60           EUROPE: AUTOMOTIVE LITHIUM-ION BATTERY RECYCLING MARKET, BY BATTERY CHEMISTRY, 2023–2032 (UNITS) 110

TABLE 61           DEGREE OF COMPETITION: LITHIUM-ION BATTERY RECYCLING MARKET    115

TABLE 62           LITHIUM-ION BATTERY RECYCLING MARKET: REGION FOOTPRINT      121

TABLE 63           LITHIUM-ION BATTERY RECYCLING MARKET: SOURCE FOOTPRINT      122

TABLE 64           LITHIUM-ION BATTERY RECYCLING MARKET: RECYCLING PROCESS FOOTPRINT  122

TABLE 65           LITHIUM-ION BATTERY RECYCLING MARKET: KEY STARTUPS/SMES           125

TABLE 66           LITHIUM-ION BATTERY RECYCLING MARKET: COMPETITIVE BENCHMARKING

OF KEY STARTUPS/SMES           126

TABLE 67           LITHIUM-ION BATTERY RECYCLING MARKET: PRODUCT LAUNCHES  (JANUARY 2020–JULY 2024)             128

TABLE 68           LITHIUM-ION BATTERY RECYCLING MARKET: DEALS (JANUARY 2020–JULY 2024)        129

TABLE 69           LITHIUM-ION BATTERY RECYCLING MARKET: EXPANSION (JANUARY 2020–

JULY 2024)         130

TABLE 70           UMICORE: COMPANY OVERVIEW           131

TABLE 71           UMICORE: PRODUCTS/SOLUTIONS/SERVICES OFFERED              132

TABLE 72           UMICORE: DEALS          133

TABLE 73           GLENCORE: COMPANY OVERVIEW        135

TABLE 74           GLENCORE: PRODUCTS/SOLUTIONS/SERVICES OFFERED              136

TABLE 75           GLENCORE: DEALS       137

TABLE 76           CIRBA SOLUTIONS: COMPANY OVERVIEW         139

TABLE 77           CIRBA SOLUTIONS: PRODUCTS/SOLUTIONS/SERVICES OFFERED          139

TABLE 78           CIRBA SOLUTIONS: DEALS        140

TABLE 79           CONTEMPORARY AMPEREX TECHNOLOGY CO., LTD.: COMPANY OVERVIEW  143

TABLE 80           CONTEMPORARY AMPEREX TECHNOLOGY CO., LTD.: PRODUCTS/SOLUTIONS/ SERVICES OFFERED  144

TABLE 81           CONTEMPORARY AMPEREX TECHNOLOGY CO., LTD.: DEALS              144

TABLE 82           RECYCLICO BATTERY MATERIALS INC.: COMPANY OVERVIEW              147

TABLE 83           RECYCLICO BATTERY MATERIALS INC.: PRODUCTS/SOLUTIONS/

SERVICES OFFERED      147

TABLE 84           RECYCLICO BATTERY MATERIALS INC.: DEALS 147

TABLE 85           AMERICAN BATTERY TECHNOLOGY COMPANY: COMPANY OVERVIEW        150

TABLE 86           AMERICAN BATTERY TECHNOLOGY COMPANY: PRODUCTS/SOLUTIONS/

SERVICES OFFERED      150

TABLE 87           AMERICAN BATTERY TECHNOLOGY COMPANY: DEALS              151

TABLE 88           AMERICAN BATTERY TECHNOLOGY COMPANY: EXPANSIONS              152

TABLE 89           ACCUREC RECYCLING GMBH: COMPANY OVERVIEW    153

TABLE 90           ACCUREC RECYCLING GMBH: PRODUCTS/SOLUTIONS/SERVICES OFFERED   153

TABLE 91           ECOBAT: COMPANY OVERVIEW             154

TABLE 92           ECOBAT: PRODUCTS/SOLUTIONS/SERVICES OFFERED 154

TABLE 93           ECOBAT: DEALS            155

TABLE 94           ECOBAT: EXPANSION   156

TABLE 95           FORTUM: COMPANY OVERVIEW            157

TABLE 96           FORTUM: PRODUCTS/SOLUTIONS/SERVICES OFFERED              158

TABLE 97           GEM CO., LTD.: COMPANY OVERVIEW  159

TABLE 98           GEM CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED              159

TABLE 99           GEM CO., LTD.: DEALS 160

TABLE 100         AQUA METALS, INC.: COMPANY OVERVIEW      162

TABLE 101         AQUA METALS, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED          162

TABLE 102         AQUA METALS, INC.: DEALS      163

TABLE 103         AQUA METALS, INC.: EXPANSION           164

TABLE 104         LI-CYCLE CORP.: COMPANY OVERVIEW             165

TABLE 105         LI-CYCLE CORP.: PRODUCTS/SOLUTIONS/SERVICES OFFERED              166

TABLE 106         LI-CYCLE CORP.: DEALS             167

TABLE 107         LI-CYCLE CORP.: EXPANSIONS 169

TABLE 108         NEOMETALS LTD.: COMPANY OVERVIEW          170

TABLE 109         NEOMETALS LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED          170

TABLE 110         NEOMETALS LTD.: DEALS         171

TABLE 111         REDWOOD MATERIALS, INC.: COMPANY OVERVIEW     172

TABLE 112         REDWOOD MATERIALS INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED   172

TABLE 113         REDWOOD MATERIALS INC.: DEALS     173

TABLE 114         REDWOOD MATERIALS INC.: OTHERS  174

TABLE 115         STENA RECYCLING: COMPANY OVERVIEW        175

TABLE 116         STENA RECYCLING: PRODUCTS/SOLUTIONS/SERVICES OFFERED          175

TABLE 117         STENA RECYCLING: DEALS       176

TABLE 118         SK TES: COMPANY OVERVIEW  177

TABLE 119         SK TES: PRODUCTS/SOLUTIONS/SERVICES OFFERED   177

TABLE 120         VEOLIA: COMPANY OVERVIEW 178

TABLE 121         VEOLIA: PRODUCTS/SOLUTIONS/SERVICES OFFERED 179

TABLE 122         ENVIROSTREAM AUSTRALIA PTY LTD.: COMPANY OVERVIEW              180

TABLE 123         BATTERY RECYCLING MADE EASY: COMPANY OVERVIEW              180

TABLE 124         DUESENFELD GMBH: COMPANY OVERVIEW     181

TABLE 125         ELEMENTAL HOLDING SA: COMPANY OVERVIEW          181

TABLE 126         TATA CHEMICALS LIMITED: COMPANY OVERVIEW       182

TABLE 127         LITHION RECYCLING: COMPANY OVERVIEW    183

TABLE 128         ONTO TECHNOLOGY: COMPANY OVERVIEW    183

TABLE 129         BATREC INDUSTRIE: COMPANY OVERVIEW      184

TABLE 130         ATTERO: COMPANY OVERVIEW             184

TABLE 131         SITRASA: COMPANY OVERVIEW             185

TABLE 132         BATTERY RECYCLING MARKET, BY CHEMISTRY, 2018–2020 (USD MILLION) 187

TABLE 133         BATTERY RECYCLING MARKET, BY CHEMISTRY, 2021–2030 (USD MILLION) 187

LIST OF FIGURES

FIGURE 1           LITHIUM-ION BATTERY RECYCLING MARKET: MARKET SEGMENTATION           22

FIGURE 2           LITHIUM-ION BATTERY RECYCLING MARKET: RESEARCH DESIGN              25

FIGURE 3           MAIN MATRIX CONSIDERED WHILE CONSTRUCTING AND ASSESSING

DEMAND FOR LITHIUM-ION BATTERY RECYCLING MARKET    28

FIGURE 4           MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH       29

FIGURE 5           MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH       29

FIGURE 6           METHODOLOGY FOR SUPPLY-SIDE SIZING OF LITHIUM-ION BATTERY

RECYCLING MARKET (1/2)        30

FIGURE 7           METHODOLOGY FOR SUPPLY-SIDE SIZING OF LITHIUM-ION BATTERY

RECYCLING MARKET (2/2)        30

FIGURE 8           LITHIUM-ION BATTERY RECYCLING MARKET: DATA TRIANGULATION          32

FIGURE 9           AUTOMOTIVE SEGMENT TO HOLD LARGER MARKET SHARE DURING

FORECAST PERIOD       35

FIGURE 10         NORTH AMERICA PROJECTED TO WITNESS HIGHEST CAGR DURING

FORECAST PERIOD       36

FIGURE 11         LITHIUM-ION BATTERY RECYCLING MARKET DRIVEN BY HIGH OUTPUT

OF SPENT BATTERIES FROM ELECTRIC VEHICLES         37

FIGURE 12         NORTH AMERICA TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD       38

FIGURE 13         AUTOMOTIVE LITHIUM IRON PHOSPHATE SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE IN 2032          38

FIGURE 14         DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN LITHIUM-ION BATTERY RECYCLING MARKET           40

FIGURE 15         PRICE OF LITHIUM-ION BATTERY PACK (USD/KWH), 2013–2023              44

FIGURE 16         VALUE CHAIN ANALYSIS FOR LITHIUM-ION BATTERY RECYCLING MARKET    45

FIGURE 17         KEY RESPONSIBILITIES AND FUNCTIONS OF SUPPLY CHAIN UNITS   45

FIGURE 18         MARKET MAP OF LITHIUM-ION BATTERY RECYCLING MARKET            46

FIGURE 19         PORTER’S FIVE FORCES ANALYSIS FOR LITHIUM-ION BATTERY RECYCLING MARKET 47

FIGURE 20         AVERAGE SELLING PRICE TREND OF LITHIUM CARBONATE, BY REGION        49

FIGURE 21         AVERAGE SELLING PRICE OF COBALT, BY REGION        50

FIGURE 22         AVERAGE SELLING PRICE OF NICKEL, BY REGION          50

FIGURE 23         AVERAGE SELLING PRICE, BY METAL    51

FIGURE 24         INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE SOURCES   54

FIGURE 25         KEY BUYING CRITERIA FOR TOP THREE SOURCES         54

FIGURE 26         LIST OF MAJOR PATENTS FOR LITHIUM-ION BATTERY RECYCLING      56

FIGURE 27         LITHIUM CELLS AND BATTERIES, IMPORT DATA, BY KEY COUNTRY,

2020–2023 (USD THOUSAND)     62

FIGURE 28         LITHIUM CELLS AND BATTERIES, EXPORT DATA, BY KEY COUNTRY,

2020–2023 (USD THOUSAND)     63

FIGURE 29         TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS              65

FIGURE 30         INVESTMENT AND FUNDING SCENARIO: LITHIUM-ION BATTERY

RECYCLING MARKET    65

FIGURE 31         AUTOMOTIVE SEGMENT ACCOUNTED FOR LARGEST SHARE DURING

FORECAST PERIOD       69

FIGURE 32         RECYCLING PROCESS OF LITHIUM-ION BATTERIES      74

FIGURE 33         COST OF EXTRACTING LITHIUM FROM MINING AND RECYCLING (USD/TON)             75

FIGURE 34         COMPARISON OF ONE TON OF BATTERY-GRADE LITHIUM DERIVED FROM DIFFERENT SOURCES  75

FIGURE 35         RECYCLING CAPACITY FOR LITHIUM-ION BATTERIES (TON)              76

FIGURE 36         LFP SEGMENT ACCOUNTED FOR LARGEST MARKET SHARE DURING

FORECAST PERIOD       82

FIGURE 37         HIGH-ENERGY DENSITY OF LI-NMC BATTERIES TO FUEL DEMAND           84

FIGURE 38         HIGH-POWER DENSITY AND STABILITY TO BOOST ADOPTION OF LFP BATTERIES        85

FIGURE 39         LMO BATTERY MARKET DRIVEN BY ITS LOW COST       87

FIGURE 40         HIGH STABILITY, ENERGY, AND POWER DENSITY TO CREATE DEMAND

FOR LTO BATTERIES    88

FIGURE 41         NCA BATTERIES USED FOR THEIR HIGH ENERGY DENSITY              90

FIGURE 42         ASIA PACIFIC TO RECORD HIGHEST GROWTH DURING FORECAST PERIOD       93

FIGURE 43         NORTH AMERICA: LITHIUM-ION BATTERY RECYCLING MARKET SNAPSHOT     94

FIGURE 44         ASIA PACIFIC: LITHIUM-ION BATTERY RECYCLING MARKET SNAPSHOT        99

FIGURE 45         EUROPE: LITHIUM-ION BATTERY RECYCLING MARKET SNAPSHOT        106

FIGURE 46         REVENUE ANALYSIS OF KEY COMPANIES (2019–2023)    114

FIGURE 47         LITHIUM-ION BATTERY RECYCLING MARKET SHARE ANALYSIS          115

FIGURE 48         BRAND/PRODUCT COMPARISON          117

FIGURE 49         LITHIUM-ION BATTERY RECYCLING MARKET: COMPANY EVALUATION

MATRIX (KEY PLAYERS), 2023    119

FIGURE 50         LITHIUM-ION BATTERY RECYCLING MARKET: COMPANY FOOTPRINT      120

FIGURE 51         LITHIUM-ION BATTERY RECYCLING MARKET: COMPANY EVALUATION MATRIX (STARTUP/SMES), 2023  124

FIGURE 52         FINANCIAL MATRIX: EV/EBITDA RATIO             127

FIGURE 53         COMPANY VALUATION (USD BILLION) 127

FIGURE 54         YEAR-TO-DATE (YTD) PRICE TOTAL RETURN AND FIVE-YEAR STOCK BETA  OF KEY MANUFACTURERS          128

FIGURE 55         UMICORE: COMPANY SNAPSHOT          132

FIGURE 56         GLENCORE: COMPANY SNAPSHOT        136

FIGURE 57         CONTEMPORARY AMPEREX TECHNOLOGY CO., LTD.: COMPANY SNAPSHOT  143

FIGURE 58         FORTUM: COMPANY SNAPSHOT            158

FIGURE 59         LI-CYCLE CORP.: COMPANY SNAPSHOT             166

FIGURE 60         VEOLIA: COMPANY SNAPSHOT 178