Electric Vehicle Battery Recycling Market

Electric vehicle batteries can last a long time, however, eventually all battery packs reach their end-of-life. At that point, the battery’s components will either be recycled or sent to a landfill where they can leach chemicals into groundwater and pollute the drinking supply. Recycling batteries will save resources and reduce pollution by keeping rare, hard-to-source materials out of the waste stream. Batteries are made of several metals, including lithium, nickel, and cobalt. They also contain graphite, aluminum for the casings, and water. EV battery recycling requires disassembling the pack and using liquid solvents to extract the minerals. These raw materials can then be used to build new EV batteries. The process is energy-intensive, but it’s still much less resource-intensive than creating a battery from scratch.

Market Dynamics:

The global electric vehicle battery recycling market is growing rapidly due to increasing demand for EVs worldwide. This has pushed the manufacturers of electric vehicles to use recycled materials in their manufacturing process. This in turn helps in cutting down the cost of production. This is further helping the industry to expand and enhance their presence in the global market.

However, high cost of setting up recycling plants, reusable EV batteries are projected to hamper growth of the global electric vehicle battery recycling market over the forecast period.

Key features of the study:

• This report provides in-depth analysis of the global electric vehicle battery recycling market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2023–2030), considering 2022 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global electric vehicle battery recycling market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include Accurec Recycling GmbH, American Manganese Inc. Battery Solutions, Li-Cycle Corp., G & P Batteries, Recupyl, Retriev Technologies, Sitrasa, Floridienne (SNAM S.A.S.), and Umicore
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global electric vehicle battery recycling market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global electric vehicle battery recycling market

Detailed Segmentation:

• Global Electric Vehicle Battery Recycling Market, By Application
  • Electric Cars
  • Electric Buses
  • Energy storage systems
  • Others
• Global Electric Vehicle Battery Recycling Market, By Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
• Company Profiles:
  • Accurec Recycling GmbH
  • American Manganese Inc.
  • Battery Solutions
  • Li-Cycle Corp.
  • G & P Batteries
  • Recupyl
  • Retriev Technologies
  • Sitrasa
  • Floridienne (SNAM S.A.S.)
  • Umicore