Lithium Battery Recycling Market Size, Type Analysis, Application Analysis, End-Use, Industry Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2023-2032
- Report ID: ME_0042318
- Format: Electronic (PDF)
- Publish Type:
- Number of Pages: 250
Market Snapshot
Source: Market Expertz
| Study Period | 2019-2032 |
| Base Year | 2023 |
| Forcast Year | 2023-2032 |
| CAGR | 6.51 |
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Report ScopeThe report's scope spans the North American market for lithium battery recycling. The report analyzes regional market trends, using data from 2016 and 2017 as base years and providing estimates for 2018 to 2023 with projections of compound annual growth rates in the forecast period.
The report includes detailed discussion of technological and economic trends that are affecting the market. Furthermore, it explains the major drivers and regional dynamics of the lithium battery recycling market and the current trends within the industry.
The sale values within the report are presented in U.S. dollars, while the sales values in terms of actual product are presented in thousand units. The choice of using thousands as a denomination unit was dictated by the shipment volumes for specific categories, which would have otherwise appeared too insignificant. It is important to note that the lifespan of the lithium batteries varies depending upon the usage industry.
The forecasts are further broken down by industry and region. The report covers the following chemistries of lithium:
- Lithium-Nickel Manganese Cobalt (Li-NMC).
- Lithium Iron Phosphate (LFP).
- Lithium-Manganese Oxide (LMO).
- Lithium-Titanate Oxide (LTO).
- Lithium-Nickel Cobalt Aluminum Oxide (NCA).
- Lithium-Cobalt Oxide (LCO).
The breakdown of end-use Industry includes:
- Automotive.
- Consumer Electronics.
- Energy.
- Others.
The regional breakdown focuses on the following countries:
- United States.
- Canada.
- Rest of the North America.
The report concludes with a special focus on the vendor landscape and includes profiles of the major vendors in the North American lithium battery recycling market.
Report Includes
- An overview of the North American market for the lithium battery recycling
- Discussion of technological and economic trends that are affecting the market
- Coverage of drivers and regional dynamics of the lithium battery recycling market and current trends within the industry
- Detailed description of recycling technologies, including hydrometallurgical process, pyrometallurgy process, physical/mechanical process and hydrometallurgical process
- Comprehensive profiles of the major players of the industry, including American Manganese (AMI) Inc., Li-Cycle Technology, Retriev Technologies, Raw Materials Company (RMC), Jiangxi Ganfeng Lithium Co. Ltd. and Lithium Americas
Summary
Lithium battery recycling is gaining popularity due to the rise in the usage of lithium-ion batteries, which are employed in several industry applications including automobile, power, industrial and consumer electronics. Battery applications are moving toward larger power requirements and lower costs, meaning advancements in lithium-ion battery technology will be essential to meet consumer demand. These growing requirements of lithium batteries have helped in the increase of research and development activities that overall improve the lithium-ion battery systems, which are expected to offer numerous opportunities and to fuel the growth of the upcoming market.
The recycling for batteries consisting of lithium ions mainly occurs through metal refining and chemical synthesis processes that recover and reprocess partially processed feedstock. More than other industries, battery materials are also subject to post consumer recycling. This is usually accomplished by physically breaking up the battery, gravimetrically recovering the battery case, then smelting or chemically recovering electrodes and electrolytes, and finally refining and purifying the recovered battery compounds.
Report Scope
The report's scope spans the North American market for lithium battery recycling. The report analyzes regional market trends, using data from 2016 and 2017 as base years and providing estimates for 2018 to 2023 with projections of compound annual growth rates in the forecast period.
The report includes detailed discussion of technological and economic trends that are affecting the market. Furthermore, it explains the major drivers and regional dynamics of the lithium battery recycling market and the current trends within the industry.
The sale values within the report are presented in U.S. dollars, while the sales values in terms of actual product are presented in thousand units. The choice of using thousands as a denomination unit was dictated by the shipment volumes for specific categories, which would have otherwise appeared too insignificant. It is important to note that the lifespan of the lithium batteries varies depending upon the usage industry.
The forecasts are further broken down by industry and region. The report covers the following chemistries of lithium:
- Lithium-Nickel Manganese Cobalt (Li-NMC).
- Lithium Iron Phosphate (LFP).
- Lithium-Manganese Oxide (LMO).
- Lithium-Titanate Oxide (LTO).
- Lithium-Nickel Cobalt Aluminum Oxide (NCA).
- Lithium-Cobalt Oxide (LCO).
The breakdown of end-use Industry includes:
- Automotive.
- Consumer Electronics.
- Energy.
- Others.
The regional breakdown focuses on the following countries:
- United States.
- Canada.
- Rest of the North America.
The report concludes with a special focus on the vendor landscape and includes profiles of the major vendors in the North American lithium battery recycling market.
Chapter 1 Introduction
Overview
Study Goals and Objectives
Reasons for Doing the Study
Scope of the Report
Intended Audience
Methodology
Information Sources
Analyst's Credentials
Related BCC Research Reports
Chapter 2 Summary and Highlights
Chapter 3 Market Introduction
What is Lithium?
What is Battery Recycling?
Lithium Battery Manufacturing Market
Lithium Battery Recycling
Drivers
Restraints
Opportunities
Value Chain Analysis
Chapter 4 Recycling Technology
Recycling Technologies
Introduction
Leaching
Solution Concentration and Purification
Metal Compound Recovery
Advantages
Disadvantages
Pyrometallurgy Process
Introduction
Physical/Mechanical Process
Introduction
Chapter 5 Lithium Battery Chemistries
Introduction
Lithium-Nickel Manganese Cobalt (Li-NMC)
Introduction
Key End Uses
Lithium Iron Phosphate (LFP)
Introduction
Key End Uses
Lithium-Manganese Oxide (LMO)
Introduction
Key End Uses
Lithium-Titanate Oxide (LTO)
Introduction
Key End Uses
Lithium-Nickel Cobalt Aluminum Oxide (NCA)
Introduction
Key End Uses
Lithium-Cobalt Oxide (LCO)
Introduction
Key End Uses
Chapter 6 Market Breakdown by End Use Application
Introduction
Automotive
Introduction
Market Size and Forecast
Consumer Electronics
Introduction
Market Size and Forecast
Energy Storage
Introduction
Market Size and Forecast
Other Applications
Introduction
Market Size and Forecast
Chapter 7 Market Breakdown by Country
Introduction
United States
Introduction
Market Size and Forecast
Canada
Introduction
Market Size and Forecast
Rest of North America
Introduction
Market Size and Forecast
Chapter 8 Competitive Landscape
Introduction
Porters Five Forces
Threat of New Entrants
Threat of Substitute Products and Services
Bargaining Power of Customers (Buyers)
Bargaining Power of Suppliers
Degree of Competition
Lithium Price Analysis
Market Share Analysis for Lithium Producers
Chapter 9 Company Profiles
Battery Recycling Companies
AMERICAN MANGANESE (AMI) INC.
LI-CYCLE TECHNOLOGY
RETRIEV TECHNOLOGIES
RAW MATERIALS COMPANY (RMC)
Lithium Battery Manufacturing Companies
ALBEMARLE CORP.
FMC CORP.
JIANGXI GANFENG LITHIUM CO. LTD.
LITHIUM AMERICAS
SICHUAN TIANQI LITHIUM INDUSTRIES, INC. (TIANQI GROUP)
SQM (SOCIEDAD QUIMICA Y MINERA DE CHILE S.A.)
List of Tables
Summary Table : North American Market for Lithium Battery Recycling, by Country, Through 2023
Table 1 : North American Market for Lithium Battery Recycling, by End Use Application, Through 2023
Table 2 : North American Market for Lithium Battery Recycling, by Country, Through 2023
Table 3 : United States Market for Lithium Battery Recycling, by Application, Through 2023
Table 4 : Canadian Market for Lithium Battery Recycling, by Application, Through 2023
Table 5 : Rest of North America Market for Lithium Battery Recycling, by Application, Through 2023
Table 6 : American Manganese (AMI) Inc.: Products and Services
Table 7 : Li-Cycle Technology: Products and Services
Table 8 : Retriev Technologies: Products and Services
Table 9 : Raw Materials Company (RMC): Products and Services
Table 10 : Albemarle Corp.: Products and Services
Table 11 : FMC Corp.: Products and Services
Table 12 : Jiangxi Ganfeng Lithium Co. Ltd.: Products and Services
Table 13 : Lithium Americas: Products and Services
Table 14 : Sichuan Tianqi Lithium Industries, Inc. (Tianqi Group): Products and Services
Table 15 : SQM (Sociedad Quimica Y Minera De Chile S.A.): Products and Services
RESEARCH METHODOLOGY
A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.
Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.
Now let’s take a closer look at the research methods here.
Secondary Research Model
Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.
Primary Insights
Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.
However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.
Market Estimation
The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.
Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.
Final Presentation
The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.
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