Lithium-ion Battery Recycling Market, Global Outlook and Forecast 2023-2029

Battery recycling is a recycling activity that aims to reduce the number of batteries being disposed as municipal solid waste. Batteries contain a number of heavy metals and toxic chemicals and disposing of them by the same process as regular trash has raised concerns over soil contamination and water pollution.

Lithium-ion batteries and lithium iron phosphate (LiFePO4) batteries often contain among other useful metals high-grade copper and aluminium in addition to ﾖ depending on the active material ﾖ transition metals cobalt and nickel as well as rare earths. To prevent a future shortage of cobalt, nickel, and lithium and to enable a sustainable life cycle of these technologies, recycling processes for lithium batteries are needed. These processes have to regain not only cobalt, nickel, copper, and aluminium from spent battery cells, but also a significant share of lithium. In order to achieve this goal, several unit operations are combined into complex process chains, especially considering the task to recover high rates of valuable materials with regard to involved safety issues.
This report aims to provide a comprehensive presentation of the global market for Lithium-ion Battery Recycling, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Lithium-ion Battery Recycling. This report contains market size and forecasts of Lithium-ion Battery Recycling in global, including the following market information:
Global Lithium-ion Battery Recycling Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global top five companies in 2022 (%)
The global Lithium-ion Battery Recycling market was valued at US$ 2616.6 million in 2022 and is projected to reach US$ 23060 million by 2029, at a CAGR of 36.5% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Global Lithium-ion Battery Recycling key players include Umicore, GEM, Brunp Recycling, SungEel HiTech, Taisen Recycling, etc. Global top five manufacturers hold a share about 15%.
China is the largest market, with a share about 35%, followed by North America and Europe, both have a share about 30 percent. 
In terms of product, LiCoO2 Battery is the largest segment, with a share over 65%. And in terms of application, the largest application is Electric Power, followed by Automotive.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Lithium-ion Battery Recycling companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Lithium-ion Battery Recycling Market, by Type, 2018-2023, 2024-2029 ($ millions)
Global Lithium-ion Battery Recycling Market Segment Percentages, by Type, 2022 (%)
    LiCoO2 Battery
    NMC Battery
    LiFePO4 Battery
    Other
Global Lithium-ion Battery Recycling Market, by Application, 2018-2023, 2024-2029 ($ millions)
Global Lithium-ion Battery Recycling Market Segment Percentages, by Application, 2022 (%)
    Automotive
    Marine
    Industrial
    Electric Power
Global Lithium-ion Battery Recycling Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions)
Global Lithium-ion Battery Recycling Market Segment Percentages, By Region and Country, 2022 (%)
    North America
        US
        Canada
        Mexico
    Europe
        Germany
        France
        U.K.
        Italy
        Russia
        Nordic Countries
        Benelux
        Rest of Europe
    Asia
        China
        Japan
        South Korea
        Southeast Asia
        India
        Rest of Asia
    South America
        Brazil
        Argentina
        Rest of South America
    Middle East & Africa
        Turkey
        Israel
        Saudi Arabia
        UAE
        Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Lithium-ion Battery Recycling revenues in global market, 2018-2023 (estimated), ($ millions)
Key companies Lithium-ion Battery Recycling revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
    Umicore
    GEM
    Brunp Recycling
    SungEel HiTech
    Taisen Recycling
    Batrec
    Retriev Technologies
    Tes-Amm(Recupyl)
    Duesenfeld
    4R Energy Corp
    OnTo Technology
Outline of Major Chapters:
Chapter 1: Introduces the definition of Lithium-ion Battery Recycling, market overview.
Chapter 2: Global Lithium-ion Battery Recycling market size in revenue.
Chapter 3: Detailed analysis of Lithium-ion Battery Recycling company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Lithium-ion Battery Recycling in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.