Home / Automotive & Transportation / Electric Vehicle Battery Recycling Market by Type (Led Acid, Lithium-ion, Others) by Process (Pyrometallurgical, Hydrometallurgical, Others)by Application (Passenger car, Commercial vehicle): Growth, Future Prospects & Competitive Analysis, 2015 - 2027

Electric Vehicle Battery Recycling Market by Type (Led Acid, Lithium-ion, Others) by Process (Pyrometallurgical, Hydrometallurgical, Others)by Application (Passenger car, Commercial vehicle): Growth, Future Prospects & Competitive Analysis, 2015 - 2027

Published: May 2021 | Report Code: 60367-05-21

The Electric Vehicle Battery Recycling Market is expected to cross market value of USD 2,123.5 million in 2027 from USD 141.6 million in 2020. It is expected to grow at a CAGR of over 38.4% during the forecast period.

Key Market Drivers and Restraints

Increasing demand for fuel-efficient vehicles recently due to rising price of petrol and diesel is a factor expected to drive the growth of the global market during the forecast period. Also, demand for thermal cooling, energy efficient battery powered devices, and strict emission and fuel regulations can urge the market demand. Moreover, high production of electric vehicle and efforts for dropping dependence on fossil fuels may help the market in its venture. However, high investment required for its setup are key deterrents of the market and lack of battery recycling facilities. Additionally, the security risks comprising collection to disposal of batteries though keeping emission levels under control can hinder the market.

Impact of COVID 19

The electric vehicle battery recycling market is projected to have a negative impact due to the spread of corona virus. The rapid spread of the novel COVID-19 considerably affected the automotive industry and sales of electric vehicles. This resulted in a decrease in the demand for electric vehicle batteries in the short-term. Moreover, the demand for electric vehicle batteries is expected to drive the market growth.

Asia Pacific to Dominate the global Electric Vehicle Battery Recycling Market

The global Electric Vehicle Battery Recycling Market covers the six regions, namely Europe, North America, Asia Pacific, Latin America (LATAM), Middle East and Africa, including all the key economies in these regions. Asia Pacific market is dominated the global market and accounted for more than 58% of the total market. This is attributed to the increasing production of EVs and electric car battery cooling systems.

Global Electric Vehicle Battery Recycling Market is led by the Hydrometallurgical

Pyrometallurgical, and Hydrometallurgical, are the key Application in the Electric Vehicle Battery Recycling Market. In 2020, Hydrometallurgical segment is accounted for the largest share of Electric Vehicle Battery Recycling Market. However, Pyrometallurgical segment is anticipated to grow at the fastest CAGR during the forecast period.

Led Acid would continue to dominate the global Electric Vehicle Battery Recycling Market in terms of Type

Led Acid and Lithium-ion are some of the major types of Type. Led Acid segment accounted for the largest share in 2020 of the Electric Vehicle Battery Recycling Market in 2020. Increasing demand for Led Acid due to rising demand from hybrid electric vehicle (HEV) and battery electric vehicle (BEV) manufacturers.

Frequently asked questions about global Electric Vehicle Battery Recycling Market

  • What are the consequences of COVID 19 on global Electric Vehicle Battery Recycling?
    Ans: Shutdown of production lines and a fall in electric vehicles
  • Which are the key Types through Electric Vehicle Battery Recycling?
    Ans: Led Acid and Lithium-ion are the most frequently through Electric Vehicle Battery Recycling
  • Which is the key Application through which Electric Vehicle Battery Recycling occurs?
    Ans: Pyrometallurgical is the most Application in Electric Vehicle Battery Recycling
  • Who are the key players in the global Electric Vehicle Battery Recycling ?
    Ans: ACCUREC Recycling GmbH, American Manganese Inc., Battery Solutions, LI-CYCLE CORP., G & P Service, Recupyl, Retriev Technologies, SITRASA, SNAM S.A.S., Umicore is key players operating in this market
  • Which is the fastest growing Application segment for global Electric Vehicle Battery Recycling?
    Ans: Passenger car Application offers tremendous opportunities to players
  • Which is the leading regional market for global Electric Vehicle Battery Recycling?
    Ans: Asia Pacific has the largest share owing to investments by public and private players for leveraging on electronic waste
  • What will be the CAGR (2021 - 2027) of in global Electric Vehicle Battery Recycling?
    Ans: The market is anticipated to grow at a CAGR of 38.4% throughout the forecast period
  • Which are the major factors driving the growth of global Electric Vehicle Battery Recycling?
    Ans: Vast production of electric vehicles and efforts for reducing dependence on fossil fuels may assist the market in its venture.

Table of Content
1.Preface
1.1.Report Description
1.1.1.Purpose of the Report
1.1.2.Target Audience
1.1.3.USP and Key Offerings
1.2.Research Scope
1.3.Research Methodology
1.3.1.Phase I – Secondary Research
1.3.2.Phase II – Primary Research
1.3.3.Phase III – Expert Panel Review
1.3.4.Approach Adopted
1.3.4.1.Top-Down Approach
1.3.4.2.Bottom-Up Approach
1.3.5.Assumptions
1.4.Market Segmentation

2.Executive Summary
2.1.Market Snapshot: Global Electric Vehicle Battery Recycling Market

3.Market Dynamics
3.1.Introduction
3.1.1. Global Electric Vehicle Battery Recycling Market Value, 2015-2027, (US$ Bn)
3.2.Market Dynamics
3.2.1.Key Growth Trends
3.2.2.Major Industry Challenges
3.2.3.Key Growth Pockets
3.3.Attractive Investment Proposition,2020
3.3.1.Type
3.3.2.Application
3.3.3.Application
3.3.4.Geography

4.Market Positioning of Key Players, 2020
4.1.Company market share of key players, 2020
4.2.Top 6 Players
4.3.Top 3 Players
4.4.Major Strategies Adopted by Key Players

5.COVID 19 Impact Analysis
5.1.Global Electric Vehicle Battery Recycling Market Pre Vs Post COVID 19, 2019 - 2027
5.2.Impact on Import & Export
5.3.Impact on Demand & Supply

6.North America
6.1.North America Electric Vehicle Battery Recycling Market, by Country, 2015-2027(US$ Bn)
6.1.1.U.S.
6.1.2.Canada
6.1.3.Mexico
6.2.North America Electric Vehicle Battery Recycling Market, by Type, 2015-2027(US$ Bn)
6.2.1.Overview
6.2.2.Led Acid
6.2.3.Lithium-ion
6.3.North America Electric Vehicle Battery Recycling Market, By Application, 2015-2027(US$ Bn)
6.3.1.Overview
6.3.2.Pyrometallurgical
6.3.3.Hydrometallurgical
6.4.North America Electric Vehicle Battery Recycling Market, by Application, 2015-2027(US$ Bn)
6.4.1.Overview
6.4.2.Passenger car
6.4.3.Commercial vehicle

7.Europe
7.1.Europe Electric Vehicle Battery Recycling Market, by Country, 2015-2027(US$ Bn)
7.1.1.UK
7.1.2.France
7.1.3.Germany
7.1.4.Italy
7.1.5.Russia
7.1.6.Spain
7.1.7.Belgium
7.1.8.Netherland
7.1.9.Austria
7.1.10.Sweden
7.1.11.Poland
7.1.12.Denmark
7.1.13.Switzerland
7.1.14.Rest of Europe
7.2.Europe Electric Vehicle Battery Recycling Market, by Type, 2015-2027(US$ Bn)
7.2.1.Overview
7.2.2.Led Acid
7.2.3.Lithium-ion
7.3.Europe Electric Vehicle Battery Recycling Market, By Application, 2015-2027(US$ Bn)
7.3.1.Overview
7.3.2.Pyrometallurgical
7.3.3.Hydrometallurgical
7.4.Europe Electric Vehicle Battery Recycling Market, by Application, 2015-2027(US$ Bn)
7.4.1.Overview
7.4.2.Passenger car
7.4.3.Commercial vehicle

8.Asia Pacific
8.1.Asia Pacific Electric Vehicle Battery Recycling Market, by Country, 2015-2027(US$ Bn)
8.1.1.China
8.1.2.Japan
8.1.3.South Korea
8.1.4.India
8.1.5.Australia
8.1.6.New Zealand
8.1.7.Taiwan
8.1.8.Southeast Asia
8.1.9.Central Asia
8.1.10.Rest of Asia Pacific
8.2.Asia Pacific Electric Vehicle Battery Recycling Market, by Type, 2015-2027(US$ Bn)
8.2.1.Overview
8.2.2.Led Acid
8.2.3.Lithium-ion
8.3.Asia Pacific Electric Vehicle Battery Recycling Market, By Application, 2015-2027(US$ Bn)
8.3.1.Overview
8.3.2.Pyrometallurgical
8.3.3.Hydrometallurgical
8.4.Asia Pacific Electric Vehicle Battery Recycling Market, by Application, 2015-2027(US$ Bn)
8.4.1.Overview
8.4.2.Passenger car
8.4.3.Commercial vehicle
9.Latin America
9.1.Latin America Electric Vehicle Battery Recycling Market, by Country, 2015-2027(US$ Bn)
9.1.1.Brazil
9.1.2.Argentina
9.1.3.Peru
9.1.4.Chile
9.1.5.Colombia
9.1.6.Rest of Latin America
9.2.Latin America Electric Vehicle Battery Recycling Market, by Type, 2015-2027(US$ Bn)
9.2.1.Overview
9.2.2.Led Acid
9.2.3.Lithium-ion
9.3.Latin America Electric Vehicle Battery Recycling Market, By Application, 2015-2027(US$ Bn)
9.3.1.Overview
9.3.2.Pyrometallurgical
9.3.3.Hydrometallurgical
9.4.Latin America Electric Vehicle Battery Recycling Market, by Application, 2015-2027(US$ Bn)
9.4.1.Overview
9.4.2.Passenger car
9.4.3.Commercial vehicle
10.Middle East
10.1.Middle East Electric Vehicle Battery Recycling Market, by Country, 2015-2027(US$ Bn)
10.1.1.UAE
10.1.2.KSA
10.1.3.Israel
10.1.4.Turkey
10.1.5.Iran
10.1.6.Rest of Middle East
10.2.Middle East Electric Vehicle Battery Recycling Market, by Type, 2015-2027(US$ Bn)
10.2.1.Overview
10.2.2.Led Acid
10.2.3.Lithium-ion
10.3.Middle East Electric Vehicle Battery Recycling Market, By Application, 2015-2027(US$ Bn)
10.3.1.Overview
10.3.2.Pyrometallurgical
10.3.3.Hydrometallurgical
10.4.Middle East Electric Vehicle Battery Recycling Market, by Application, 2015-2027(US$ Bn)
10.4.1.Overview
10.4.2.Passenger car
10.4.3.Commercial vehicle
11.Africa
11.1.Africa Electric Vehicle Battery Recycling Market, by Country, 2015-2027(US$ Bn)
11.1.1.South Africa
11.1.2.Egypt
11.1.3.Nigeria
11.1.4.Rest of Africa
11.2.Africa Electric Vehicle Battery Recycling Market, by Type, 2015-2027(US$ Bn)
11.2.1.Overview
11.2.2.Led Acid
11.2.3.Lithium-ion
11.3.Africa Electric Vehicle Battery Recycling Market, By Application, 2015-2027(US$ Bn)
11.3.1.Overview
11.3.2.Pyrometallurgical
11.3.3.Hydrometallurgical
11.4.Africa Electric Vehicle Battery Recycling Market, by Application, 2015-2027(US$ Bn)
11.4.1.Overview
11.4.2.Passenger car
11.4.3.Commercial vehicle
12.Global
12.1.Global Electric Vehicle Battery Recycling Market, by Type, 2015-2027(US$ Bn)
12.1.1.Overview
12.1.2.Led Acid
12.1.3.Lithium-ion
12.2.Global Electric Vehicle Battery Recycling Market, By Application, 2015-2027(US$ Bn)
12.2.1.Overview
12.2.2.Pyrometallurgical
12.2.3.Hydrometallurgical
12.3.Global Electric Vehicle Battery Recycling Market, by Application, 2015-2027(US$ Bn)
12.3.1.Overview
12.3.2.Passenger car
12.3.3.Commercial vehicle
13.Company Profiles
13.1.ACCUREC Recycling GmbH
13.2.American Manganese Inc.
13.3.Battery Solutions
13.4.LI-CYCLE CORP.
13.5.G & P Service
13.6.Recupyl
13.7.Retriev Technologies
13.8.SITRASA
13.9.SNAM S.A.S.
Umicore

List of Figures

FIG. 1 Global Electric Vehicle Battery Recycling Market: Research Methodology

FIG. 2 Market Size Estimation – Top Down & Bottom up Approach

FIG. 3 Global Electric Vehicle Battery Recycling Market Segmentation

FIG. 4 Global Electric Vehicle Battery Recycling Market, by Product, 2019 (US$ Bn)

FIG. 5 Global Electric Vehicle Battery Recycling Market, by Application, 2019 (US$ Bn)

FIG. 6 Global Electric Vehicle Battery Recycling Market, by Geography, 2019 (US$ Bn)

FIG. 7 Attractive Investment Proposition, by Geography, 2019

FIG. 8 Global Market Positioning of Key Electric Vehicle Battery Recycling Market Manufacturers, 2019

FIG. 9 Global Electric Vehicle Battery Recycling Market Value Contribution, By Type, 2019 & 2027 (Value %)

FIG. 10 Global Electric Vehicle Battery Recycling Market, by Type 1, Value, 2015-2027 (US$ Bn)

FIG. 11 Global Electric Vehicle Battery Recycling Market, by Type 2, Value, 2015-2027 (US$ Bn)

FIG. 12 Global Electric Vehicle Battery Recycling Market, by Type 3, Value, 2015-2027 (US$ Bn)

FIG. 13 Global Electric Vehicle Battery Recycling Market, by Type 4, Value, 2015-2027 (US$ Bn)

FIG. 14 Global Electric Vehicle Battery Recycling Market, by Type 5, Value, 2015-2027 (US$ Bn)

FIG. 15 Global Electric Vehicle Battery Recycling Market, by Others, Value, 2015-2027 (US$ Bn)

FIG. 16 Global Electric Vehicle Battery Recycling Market Value Contribution, By Application, 2019 & 2027 (Value %)

FIG. 17 Global Electric Vehicle Battery Recycling Market, by Application 1, Value, 2015-2027 (US$ Bn)

FIG. 18 Global Electric Vehicle Battery Recycling Market, by Application 2, Value, 2015-2027 (US$ Bn)

FIG. 19 Global Electric Vehicle Battery Recycling Market, by Application 3, Value, 2015-2027 (US$ Bn)

FIG. 20 U.S. Electric Vehicle Battery Recycling Market, 2015-2027 (US$ Bn)

FIG. 21 Rest of North America Electric Vehicle Battery Recycling Market, 2015-2027 (US$ Bn)

FIG. 22 U.K. Electric Vehicle Battery Recycling Market, 2015-2027 (US$ Bn)

FIG. 23 Germany Electric Vehicle Battery Recycling Market, 2015-2027 (US$ Bn)

FIG. 24 France Electric Vehicle Battery Recycling Market, 2015-2027 (US$ Bn)

FIG. 25 Rest of Europe Electric Vehicle Battery Recycling Market, 2015-2027 (US$ Bn)

FIG. 26 Japan Electric Vehicle Battery Recycling Market, 2015-2027 (US$ Bn)

FIG. 27 China Electric Vehicle Battery Recycling Market, 2015-2027 (US$ Bn)

FIG. 28 India Electric Vehicle Battery Recycling Market, 2015-2027 (US$ Bn)

FIG. 29 Rest of Asia Pacific Electric Vehicle Battery Recycling Market, 2015-2027 (US$ Bn)

FIG. 30 Middle East & Africa Electric Vehicle Battery Recycling Market, 2015-2027 (US$ Bn)

FIG. 31 Latin America Electric Vehicle Battery Recycling Market, 2015-2027 (US$ Bn)

List of Tables

TABLE 1 Market Snapshot: Global Electric Vehicle Battery Recycling Market

TABLE 2 Global Electric Vehicle Battery Recycling Market, by Type, 2015-2027 (US$ Bn)

TABLE 3 Global Electric Vehicle Battery Recycling Market, by Application, 2015-2027 (US$ Bn)

TABLE 4 Global Electric Vehicle Battery Recycling Market, by Application, 2015-2027 (US$ Bn)

TABLE 5 Global Electric Vehicle Battery Recycling Market, by Geography, 2015-2027 (US$ Bn)

TABLE 6 North America Electric Vehicle Battery Recycling Market, by Type, 2015-2027 (US$ Bn)

TABLE 7 North America Electric Vehicle Battery Recycling Market, by Application, 2015-2027 (US$ Bn)

TABLE 8 North America Electric Vehicle Battery Recycling Market, by Country, 2015-2027 (US$ Bn)

TABLE 9 Europe Electric Vehicle Battery Recycling Market, by Type, 2015-2027 (US$ Bn)

TABLE 10 Europe Electric Vehicle Battery Recycling Market, by Application, 2015-2027 (US$ Bn)

TABLE 11 Europe Electric Vehicle Battery Recycling Market, by Country/Region, 2015-2027 (US$ Bn)

TABLE 12 Asia Pacific Electric Vehicle Battery Recycling Market, by Type, 2015-2027 (US$ Bn)

TABLE 13 Asia Pacific Electric Vehicle Battery Recycling Market, by Application, 2015-2027 (US$ Bn)

TABLE 14 Asia Pacific Electric Vehicle Battery Recycling Market, by Country/Region, 2015-2027 (US$ Bn)

TABLE 15 Latin America Electric Vehicle Battery Recycling Market, by Type, 2015-2027 (US$ Bn)

TABLE 16 Latin America Electric Vehicle Battery Recycling Market, by Application, 2015-2027 (US$ Bn)

TABLE 17 Latin America Electric Vehicle Battery Recycling Market, by Country/Region, 2015-2027 (US$ Bn)

TABLE 18 Middle East Electric Vehicle Battery Recycling Market, by Type, 2015-2027 (US$ Bn)

TABLE 19 Middle East Electric Vehicle Battery Recycling Market, by Application, 2015-2027 (US$ Bn)

TABLE 20 Middle East Electric Vehicle Battery Recycling Market, by Country/Region, 2015-2027 (US$ Bn)

TABLE 21 Africa Electric Vehicle Battery Recycling Market, by Type, 2015-2027 (US$ Bn)

TABLE 22 Africa Electric Vehicle Battery Recycling Market, by Application, 2015-2027 (US$ Bn)

TABLE 23 Africa Electric Vehicle Battery Recycling Market, by Country/Region, 2015-2027 (US$ Bn)

TABLE 24 ACCUREC Recycling GmbH: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)

TABLE 25 American Manganese Inc.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)

TABLE 26  Battery Solutions: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)

TABLE 27 LI-CYCLE CORP.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)

TABLE 28 G & P Service,: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)

TABLE 29 Recupyl: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments

TABLE 30 Retriev Technologies: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments

TABLE 31 SITRASA: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments

TABLE 32 SNAM S.A.S.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments

TABLE 33 Umicore: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments

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