Lithium-Ion Battery Recycling Market Analysis

The lithium-ion battery recycling market is segmented by chemistry into lithium-manganese oxide (LMO), lithium-titanate oxide (LTO), lithium-nickel cobalt aluminum oxide (NCA), lithium-nickel manganese cobalt (Li-NMC), lithium-iron phosphate (LFP), and lithium-cobalt oxide (LCO), out of which, the lithium-nickel manganese cobalt segment is estimated to hold the leading share over the forecast period on the back of growing adoption of lithium-nickel manganese cobalt batteries for power tools, electric powertrain, and medical devices. Additionally, based on industry, the automotive segment is projected to grab the largest market share by the end of 2029 owing to the staggering adoption of lithium-ion batteries as a result of the ability of these batteries offer high energy and power density to the vehicle. The segment for power industry is also projected to hold a significant market share, which can be credited to the increasing production volumes for the end user of this industry in developing nations.

Our in-depth analysis of the global market includes the following segments: