Elettronica
Lithium-Ion Battery Recycling Market Worth 23.72 Billion USD by 2030
https://www.marketsandmarkets.com/Market-Reports/lithium-ion-battery-recycling-market-153488928.html
Based on chemistry, the market for the lithium-iron phosphate battery is expected to grow at the highest CAGR from 2017 to 2030. The lithium-iron phosphate battery is widely used in the high-power devices and equipment including transportation (EVs) and lightweight marine batteries. Lithium-iron Phosphate (LFP) batteries do not explode or catch fire and are stable at high temperatures. LFP batteries generally have a long life and last up to 10 years and 10,000 cycles.
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Based on industry, power is expected to grow at the highest CAGR from 2017 to 2030. Each year EU produces around 24 kg electrical and electronic waste per citizen, which includes lithium used in high-tech industries. The EU has implemented regulations which require battery collection rates of at least 25% by the end of September 2012 , and gradual increase to 45% by the end of September 2016 . The power industry is working on generating renewable energy and storing it for multiple uses. The low self-discharge rate of lithium-ion batteries is one of the major driving factors for their adoption in smart grid and renewable energy storage systems. This is expected to lead the power industry generating a high output of spent lithium-ion batteries for recycling.
Based on industry, automotive is projected to be the largest segment of the Lithium-Ion Battery Recycling Market and is expected to lead in the coming years. Increasing adoption of electric vehicles has driven the demand for lithium-ion batteries, since there is low accessibility to raw materials such as lithium and cobalt, and most countries and companies are recycling discarded spent lithium-ion batteries.
The Lithium-Ion Battery Recycling Market in the Asia Pacific region is expected to grow at the highest CAGR during the forecast period. The Asia Pacific region comprises China , Japan , and India , among other countries. The region is the fastest-growing and one of the largest markets for lithium-ion battery recycling in various application areas, such as electric vehicles and energy storage. China and India are the fastest-growing economies in the world, and demand for lithium-ion batteries is very high in the Asia Pacific owing to the ever-increasing population and growing need for industrial applications.
Some of the leading players operating in the include Umicore ( Belgium ), Glencore ( Switzerland ), Retriev Technologies (US), Raw Materials Company ( Canada ), American Zinc Recycling (INMETCO) (US), and Battery Recycling Made Easy (US), among others.
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by type (Lead-Acid, Nickel-Based, Lithium-Based), end-user industry (Telecom & Data Communication, Uninterruptible Power Supply (UPS)/Backup, Industrial Equipment, Grid-Level Energy Storage), and region - Global Forecast to 2021
https://www.marketsandmarkets.com/Market-Reports/industrial-batteries-market-36754108.html
by Application (LI-ION Batteries, Glass & Ceramics, Medical, Lubricants, Metallurgy, Polymers), by Derivatives (Lithium Carbonate, Lithium Hydroxide, Lithium Metal, Butyl-Lithium) & by Region - Global Forecasts to 2020
https://www.marketsandmarkets.com/Market-Reports/lithium-compounds-market-167191191.html
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