Meticulous Research®, a leading global market research firm, has published a comprehensive new report titled, "Li-ion Battery Recycling Market by Model (Contractual Services, Direct-to-Market), Battery Type (LCO, LFP, LMO, NCA, NMC, LTO), Process (Pyrometallurgical, Hydrometallurgical), and Geography - Global Forecasts to 2030". This pivotal report highlights the burgeoning opportunities within the Li-ion battery recycling sector, forecasting a robust growth trajectory.
Key Findings:
• Market Growth: The global Li-ion battery recycling market is projected to grow at a Compound Annual Growth Rate (CAGR) of 21.3% from 2023 to 2030, reaching an estimated value of $6.9 billion by 2030.
• Drivers: Growth is fueled by the increasing demand for electric vehicles, the rising need to manage battery disposal, and declining battery prices. Additionally, advancements in recycling technology are driving market expansion.
• Challenges: Despite the promising growth, the lack of adequate recycling infrastructure and the high costs associated with Li-ion recycling pose significant challenges.
• Opportunities: Government incentives and rising recovery of valuable materials offer new growth avenues for industry players.
• Trends: The market is witnessing notable advancements in recycling technology, which are expected to enhance efficiency and sustainability in the recycling process.
Market Segmentation:
• By Business Model: The market is divided into contractual services and direct-to-market. The contractual services segment is anticipated to hold the larger market share in 2023 and exhibit higher growth during the forecast period.
• By Battery Type: The key segments include Lithium Cobalt Oxide (LCO), Lithium Iron Phosphate (LFP), Lithium Manganese Oxide (LMO), Lithium Nickel Cobalt Aluminum Oxide (NCA), Lithium Nickel Manganese Cobalt Oxide (NMC), and Lithium Titanate Oxide (LTO). LCO is projected to dominate the market, with NMC expected to experience the highest growth rate.
• By Recycling Process: The market is categorized into pyrometallurgical, hydrometallurgical, and other recycling processes. Pyrometallurgical processes are expected to capture the largest market share, while hydrometallurgical processes are predicted to register the highest CAGR.
• By Geography: Asia-Pacific is expected to lead the market, followed by Europe and North America, due to policy implementations, rising consumer electronics, and high adoption rates of electric mobility.
Key Players:
The report profiles major players in the Li-ion battery recycling market, including:
• Duesenfeld GmbH (Germany)
• RecycLiCo Battery Materials Inc. (Canada)
• Li-Cycle Holdings Corp. (Canada)
• Redwood Materials, Inc. (U.S.)
• Glencore plc (Switzerland)
• Fortum Corporation (Finland)
• And many more.
Download the Full Report: For a detailed analysis, including COVID-19 impact, download the free PDF sample copy of the report : https://www.meticulousresearch.com/download-sample-report/cp_id=5481

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