|“Li-ion batteries are widely used in consumer goods, electric and hybrid electric vehicles, stationary energy storage and other applications.” asserts Shalu Agarwal, PhD. Power Electronics and Materials Analyst at Yole Développement (Yole). “Rapid growth in the electric vehicle market is crucial to solve the looming climate crisis and to meet the global target of reduced carbon dioxide emission. However, growing numbers of electric vehicles present a serious waste-management challenge for Li-ion battery recyclers at end-of-life. As the popularity of electric vehicles grows explosively, so does the pile of end-of-life lithium-ion batteries that once powered those environmentally friendly cars”.
According to Yole’s analysts, there will be about 705,000 tons of end-of-life Li-ion batteries by 2025, and by 2040 they will hit 9 million tons per year. Currently, only a small portion of Li-ion batteries are recycled, and the rest are unfortunately going to landfill. The total Li-ion battery recycling market was about 93,800 tons in 2019, which will grow to 459,369 tons by 2025 with a CAGR between 2019 and 2025 of 30 %.
In this dynamic context, Yole investigates disruptive technologies and related markets. The market research and strategy consulting company points out the latest innovations and underline the business opportunities.
Released today, the Lithium-ion battery recycling Market & Technology trends 2020 report gives a detailed analysis of the different Li-ion battery recycling technologies. This new report is part of the significant collection of battery reports performed by Yole’s analysts…
According to Milan Rosina, PhD, Principal Analyst, Power Electronics and Batteries, at Yole: “Recycling of end-of-life batteries can provide an opportunity for the battery recyclers to recover the valuable materials which make up the battery. The total value of raw materials present in end-of-life Li-ion batteries, is around US$921 million and will reach up to US$1,960 million by 2025 and US$26,381 million by 2040. As only a few percent of Li-ion batteries are recycled, the value of raw materials present in Li-ion batteries going for recycling is around US$315 million, which will reach up to US$1,137 million by 2025 and US$23,812 million by 2040”.
What are the economic and technological challenges related to the Li-ion battery recycling? What are the key market drivers? Who are the suppliers to watch, and what innovative technologies are they working on? Yole presents today a comprehensive overview of the Li-ion battery recycling industry…
|To read the full story, please click: Li-ion battery recycling, a catalyzer to proper waste regulationAbout the Li-ion Battery Recycling: Burden or New Business Opportunity? – Webcast on July 30th: RegistrationMore about Yole Développement