Dublin, July 22, 2024 (GLOBE NEWSWIRE) -- The "Europe Lithium-Ion Battery Recycling Market: Focus on Battery Chemistry, Source, Recycling Process, and Country - Analysis and Forecast, 2023-2033" report has been added to ResearchAndMarkets.com's offering.
The Europe lithium-ion battery recycling market was valued at $775.6 million in 2023, and it is expected to grow at a CAGR of 18.73% and reach $4.31 billion by 2033
This report explores the current market dynamics, key players, regulatory landscape, and future trends shaping the European lithium-ion battery recycling industry, highlighting the region's commitment to sustainability and circular economy principles.
The market for recycled lithium-ion batteries is expanding due to the growing popularity of portable gadgets, renewable energy storage systems, and electric vehicles (EVs). The necessity to properly recycle these batteries as they run out of life or become obsolete is growing in order to salvage valuable materials and reduce the negative effects on the environment.
Market Introduction
The market for recycled lithium-ion batteries in Europe is rising quickly as a result of consumers' increasing interest in electric cars (EVs), portable devices, and renewable energy storage systems. With the end of their useful lives, these batteries must be recycled effectively to recover precious components like nickel, cobalt, and lithium and to lessen their negative environmental effects. In addition, the European Union's strict rules and sustainability targets propel the industry and promote the advancement of cutting-edge recycling infrastructure and technology.
Prominent corporations and emerging firms are allocating resources towards inventive techniques aimed at augmenting recycling efficacy and financial sustainability. The benefits of recycling for the environment are also being recognized by industries and consumers, which is stimulating industry expansion.
How can this report add value to an organization?
Product/Innovation Strategy: The market is poised for significant expansion with ongoing technological advancements, increased investments, and growing awareness of the importance of recycling. Therefore, the lithium-ion battery recycling business is a high-investment and high-revenue generating model.
Growth/Marketing Strategy: The Europe lithium-ion battery recycling market has been growing at a rapid pace. The market offers enormous opportunities for existing and emerging market players. Some of the strategies covered in this segment are mergers and acquisitions, product launches, partnerships and collaborations, business expansions, and investments. The strategies preferred by companies to maintain and strengthen their market position primarily include product development.
Competitive Strategy: The key players in the Europe lithium-ion battery recycling market analyzed and profiled in the study include lithium-ion battery recycling manufacturers that develop, maintain, and market lithium-ion battery recycling materials. Additionally, corporate strategies such as partnerships, agreements, and collaborations are expected to aid the reader in understanding the untapped revenue pockets in the market.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 85 |
| Forecast Period | 2023 - 2033 |
| Estimated Market Value (USD) in 2023 | $775.6 Million |
| Forecasted Market Value (USD) by 2033 | $4316.5 Million |
| Compound Annual Growth Rate | 18.7% |
| Regions Covered | Europe |
Industry Outlook
Trends: Current and Future Impact Assessment
- Rising Demand in Electric Vehicle Industry
- Widespread Adoption of Circular Economy as a Sustainable Practice
- Rising Demand for Raw Materials
Market Dynamics Overview
- Market Drivers
- Market Restraints
- Market Opportunities
Supply Chain Overview
- Value Chain Analysis
- Market Map
- Pricing Forecast
Research and Development
- Patent Filing Trend (by Number of Patents, Country)
Regulatory Landscape
Stakeholder Analysis
- Use Case
- End User and Buying Criteria
Impact Analysis for Key Global Events: COVID-19 and Russia/Ukraine War
Comparative Analysis of Key Battery Minerals
Start-up Landscape
Competitive Landscape and Company Profiles
- ACCUREC-Recycling GmbH
- Duesenfeld
- Fortum
- Glencore
- Umicore
- Company Overview
- Top Products/Product Portfolio
- Top Competitors
- Target Customers
- Key Personnel
- Market Share
- Analyst View
Market Segmentation
Battery Chemistry
- Lithium-Cobalt Oxide (LCO)
- Lithium-Nickel Manganese Cobalt (Li-NMC)
- Lithium-Manganese Oxide (LMO)
- Lithium-Iron Phosphate (LFP)
- Lithium-Nickel Cobalt Aluminum Oxide (NCA)
- Others
Source
- Automotive
- Non-Automotive
- Consumer Electronics
- Energy Storage Systems
- Others
Recycling Process
- Hydrometallurgy
- Pyrometallurgy
- Direct Recycling
Country
- Germany
- France
- Italy
- U.K.
- Rest-of-Europe
For more information about this report visit https://www.researchandmarkets.com/r/96ssar
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