The global deployment of lithium-ion batteries has increased rapidly and has been witnessed in a wide variety of products – from smaller electrical and electronic devices to large energy storage device and automotive vehicles. The lithium-ion battery industry is evolving at an enormous rate with the entrance of new players and new technologies. Huge investments, along with intensive R&D efforts, are currently being made by various companies to enhance the energy storage capacity of the lithium-ion battery. The proliferation of electric vehicles is expected to act as a catalyst for increasing the production for batteries in order to suffice the rising battery demand. However, given the continued usage of lithium and other crucial materials in the lithium-ion batteries, there is a rising concern regarding the shortage in the supply of these raw materials. It is anticipated that if the consumption continues to increase, there would be limited resource available for future usage. The geographical allocation of the raw materials might disrupt the overall growth of batteries and existing dynamics of price as well. Furthermore, apart from tackling the scarcity of resources, the recycling, reuse, and second life application of the batteries are being given priority to maximize the utility and benefit the environment.

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The market of lithium-ion battery has mostly gained momentum owing to its application in the electric vehicle, ranging from e-bikes and scooters to electric buses. Given the fast-paced adoption of electric vehicles across globe, the production of batteries is also anticipated to increase in the coming future. With an increase in the consumption of lithium-ion batteries, the need to address the situation of dead lithium-ion batteries being deposited in landfills also becomes crucial. The dead batteries pose a threat to the environment, as they contain toxic materials, which, when exposed to the environment, cause severe ill-effects and contaminate both land and water. Thus, recycling, reuse, and second-life applications seem to be an economical and environmentally favorable option to deal with waste battery stock and ensure the smooth supply of raw materials considering the unprecedented growth of different end-user industries of lithium-ion batteries.

This research study aims at laying a strong emphasis on battery recycling and provides an overview of the present consumption of battery recycling along with its future predictions. This study further offers a detailed analysis of the existing recycling technologies and the underlying economic and technical challenges that impend their growth in the recycling industry. Recycling provides a sustainable option to obviate the dependency on imports for the raw materials and to have an internal supply of materials for consumption.

The lithium-ion battery recycling market is being driven by the collection of dead batteries from different end sources such as automotive, industrial, power tools, and electrical and electronics. The demand for lithium-ion batteries in the electric vehicles is expected to propel the market of recycling in the future. Various countries are taking initiatives to promote the sales of electric vehicles. Additionally, rising governmental concerns regarding air pollution levels and harmful vehicular emissions are leading to the growth in the number of eco-friendly vehicles across the world. Additionally, high energy consumption in residential and commercial sectors has led to the rise of lithium-ion battery-based energy storage systems, globally.

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The global lithium-ion battery recycling market in terms of end source have been classified into automotive, electrical and electronics, and industrial, among others. The end-source indicates the sources from where the pool of waste batteries are collected for recycling. The demand for lithium-ion batteries has been increasing owing the rising popularity of electric vehicles. Various countries are taking initiatives to promote the sales of electric vehicles. The rising governmental concerns regarding air pollution levels and harmful vehicular emissions are leading to the growth of eco-friendly vehicles across the world. The vehicle electrification is anticipated to be a crucial application segment for battery recycling, owing to the gradual increase in the electric vehicle penetration in different countries. Additionally, high energy consumption in the residential and commercial sectors has led to the rise of lithium-ion battery-based energy storage systems, globally.

Key Questions Answered in this Report:

• Why should an existing battery manufacturing company consider venturing into the recycling market, and what are the future growth opportunities?
• For a new company looking to enter into the market, which areas in terms of technology and battery chemistry could it focus upon to stay ahead of the competition?
• Which are the promising companies that have obtained financial support to develop their products and markets?
• How does the supply chain function in the lithium-ion battery recycling market?
• Which technology segment is expected to witness the maximum demand growth in the lithium-ion battery recycling market during 2018-2025?
• Which are the key end-source areas from which different lithium-ion batteries have been recycled 2018, and which chemistries should be targeted by the recyclers during the forecast period, 2019-2025?
• Which are the players that are highly active in the lithium-ion battery recycling market?
• What are the key offerings of the prominent companies in the market for lithium-ion battery recycling? Which regions and countries are leading in recycling business, and which of them are expected to witness high demand growth from 2019-2025?
• Which are the consumption patterns of lithium-ion battery recycling from end-source in different regions and the adoption pattern of different technologies in multiple countries and region during the period 2018-2025? 

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