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Lithium-ion Battery Recycling Market To Reach USD 13.61 Billion By 2026

The global lithium-ion battery recycling market is forecast to reach USD 13.61 Billion by 2026, according to a new report by Reports and Data.

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Lithium-ion Battery Recycling Market To Reach USD 13.61 Billion By 2026

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  1. Lithium-ion Battery Recycling Market To Reach USD 13.61 Billion By 2026

  2. Market Summary Market Size – USD 2.09 Billion in 2018, Market Growth - CAGR of 26.5%, Market Trends – Government subsidies are encouraging battery recycling. The global lithium-ion battery recycling market is forecast to reach USD 13.61 Billion by 2026, according to a new report by Reports and Data. Raw materials used to manufacture lithium-ion battery are limited, whereas the demand is sky high from different end-users such as automotive, power, and consumer electronics, among others. Furthermore, the materials used in the batteries are hazardous to the environment. Further key findings from the report suggest • Lithium Iron Phosphate (LFP) battery type is forecasted to grow with the highest CAGR of 27.2% during the forecast period. These batteries have a high demand in high power devices, including the transportation of electric vehicles and lightweight marine batteries hence driving the market for lithium-ion battery recycling. Hydrometallurgical process segment held the largest share of 42.1% in 2018. This process is considered the most suitable process for the recycling of spent lithium-ion batteries due to low capital cost and more environment-friendly nature than pyrometallurgy process. • www.reportsanddata.com

  3. Market Summary Key Players: Umicore, Glencore, Retriev Technologies, Raw Materials Company, American Zinc Recycling (INMETCO), Battery Recycling Made Easy, Brunp Recycling, SungEel HiTech, Taisen Recycling, and 4R Energy Corp among others. Segmentation: Battery Type Outlook  Lithium-Nickel Manganese Cobalt (Li-NMC) Lithium Iron Phosphate (LFP) Lithium-Manganese Oxide (LMO) Lithium-Titanate Oxide (LTO) Lithium-Nickel Cobalt Aluminum Oxide (NCA) Lithium-Cobalt Oxide (LCO)      Technology Outlook Hydrometallurgical Process Pyrometallurgy Process Mechanical Process    To Request for a PDF Sample, Click Here: - https://www.reportsanddata.com/sample-enquiry-form/2033 www.reportsanddata.com

  4. Market Summary Segmentation by End-use Industries Outlook: Automotive  Marine  Power  Industrial  Regional Outlook for Lithium-ion Battery Recycling Market analyses the following geographies: North America (United States, Canada, and Mexico) Europe (Germany, France, UK, Russia, and Italy) Asia-Pacific (China, Japan, Korea, India, and Southeast Asia) South America (Brazil, Argentina, Colombia, etc.) Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa) Any Query or Discount? Ask our Expert @ https://www.reportsanddata.com/discount-enquiry-form/2033 www.reportsanddata.com

  5. The report emphasizes the following key questions: Q.1.What are the most lucrative and promising growth prospects for the market? Q.2.Which sectors are expected to deliver a high growth rate and which industry aspects come into play in this advancement? Q.3.Which geographies are estimated to exhibit the highest growth and the underlying causes? Q.4.Which factors are impacting the future of the market and what are the driving factors? Q.5.What are the hurdles and challenges curtailing the industry’s growth in the forecast period? www.reportsanddata.com

  6. About Us Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact- based research across a multiple industries including Healthcare, Technology, Chemicals, Power, and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Contact Us: John Watson Head of Business Development Reports And Data | Web: www.reportsanddata.com Direct Line: +1-212-710-1370 E-mail: sales@reportsanddata.com

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