At CAGR 19.6% Lithium-Ion Battery Recycling Market sales to Grow US$ 1,392.8 Million by 2027

According to our latest market study on "Lithium-Ion Battery Recycling Market Forecast to 2027 - COVID-19 Impact and Global Analysis - by Technology (Lithium-Nickel Manganese Cobalt, Lithium-Iron Phosphate, Lithium-Manganese Oxide, Lithium-Titanate Oxide, and Lithium-Nickel Cobalt Aluminum Oxide) and Application (Automotive, Mining, Consumer Electronics, Industrial, and Power)," the market was valued at US$ 403.8 million in 2019 and it is projected to reach US$ 1,392.8 million by 2027; it is expected to grow at a CAGR of 19.6% from 2020 to 2027.

Lithium-Ion Battery Recycling Market report focuses on providing a market overview, which interprets value chain structure, industrial environment, regional analysis, applications, and forecast from 2021 to 2028. The report also offers the most accurate estimations and forecasts possible. In addition, this study emphasizes detailed competition analysis on market prospects, especially growth strategies that market experts claim.

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Competitive Landscape: Lithium-Ion Battery Recycling Market: Ecobat Technologies,AMERICAN MANGANESE INC.,Fortum,GEM CO., LTD,INTERNATIONAL METALS RECLAMATION COMPANY, LLC,Li-Cycle Corp,Neometals Ltd,RETRIEV TECHNOLOGIES INC.,RECUPYL,TES (SINGAPORE) PTE LTD.

The lithium-ion battery recycling market is broadly segmented into five major regions-North America, Europe, APAC, MEA, and SAM. Asia Pacific region held the largest share of global lithium-ion battery recycling market. The region comprises several developing economies, such as China, India, and other southeast countries as well as developed economies, such as Japan. The government bodies in the region are taking initiatives to promote use of electric vehicles with an aim to lower harmful impact of gases, such as carbon dioxide, on environment.

The research on the Lithium-Ion Battery Recycling market focuses on mining out valuable data on investment pockets, growth opportunities, and major market vendors to help clients understand their competitor's methodologies. The research also segments the Lithium-Ion Battery Recycling market on the basis of end user, product type, application, and demography for the forecast period 2021-2028. Comprehensive analysis of critical aspects such as impacting factors and competitive landscape are showcased with the help of vital resources, such as charts, tables, and infographics.

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Europe is another crucial market for the growth of lithium-ion battery recycling market over the forecast period. As the region houses major automotive manufacturers, the scope of developing electric vehicles is high in the region. Germany, France, and the UK are prominent countries having presence of key automotive manufacturers. This aspect is anticipated to contribute toward the production cycle of electric vehicles, thereby boosting the use of lithium-ion batteries.

Impact of COVID-19 on Lithium-Ion Battery Recycling Market

The US is the worst hit country in North America. The continuous increase in infected individuals has led the government to impose lockdown across the nation's borders. The majority of the manufacturing plants are shut down, municipalities are functioning slowly as compared to the past, and industries are at a halt. All of these reasons are negatively affecting the market. The automakers in the country have agreed to evaluate and implement the rotating partial shutdown of factories, extensive deep cleaning of surroundings, and stretched periods between shifts, as well as comprehensive plans to avoid member contact. In March, several automakers closed their facilities for extensive cleaning. These include GM, Ford, and Honda Motors.

This research provides detailed information regarding the major factors influencing the growth of the Lithium-Ion Battery Recycling Market in Global and Regional Level (drivers, restraints, opportunities, and challenges), forecast of the market size, in terms of value, market share by region and segment; regional market positions; segment and country opportunities for growth; New product developments, strengths and weaknesses, brand portfolio; Marketing and distribution strategies; challenges and threats from current competition and prospects; Key company profiles, SWOT, product portfolio and growth strategies.

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