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Asia-Pacific Lithium-Ion Battery Recycling Market: Current Analysis and Forecast (2021-2027)

Region:Asia

Author(s):

Product Code:UMEP21556

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Published on

November 2021

Total pages

248

Table of Content

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About the Report

About the Report

With increasing demand of batteries, the concern among environmental bodies is growing to make batteries sustainable after its end life. Moreover, in many countries, it is illegal to dispose the batteries in the trash as batteries consist of corrosive materials and heavy metals that can contaminate the environment. Therefore, recycling of batteries is required to make battery industry value chain profitable and eco-friendly. However, currently, only a very limited number of batteries are recycled. For instance, in Australia, only 2-3% of li-ion batteries are collected and sent for recycling whereas in several developing countries percentage went to below 2%. Currently, companies are mainly focusing on increasing production of batteries, increase battery longevity and charge capacity, and simultaneously reducing the cost of batteries and not in advancing the recycling process. Therefore, a great number of unrecycled batteries went through a high-temperature melting-and-extraction, or smelting, process. These processes are energy intensive and requires large capital and advance equipment's. However, these processes are not capable of recovering all valuable materials therefore a proper recycling value chain is a need for a sustainable development.
Based on battery chemistry, the market is categorized into Li-NMC, LFP, LMO, LTO, and NCA. Among these, Li-NMC held the prominent share in the market and is expected to showcase robust growth during the forecast period. This can be mainly attributed to its large adoption by e-mobility industry. Further, increasing adoption of electric vehicles is fueling the demand of Li-NMC battery, thus availability of large volume of Li-NMC end of life batteries for recycling purpose.
Based on Component, the market is bifurcated into active component and non-active component. Among these, active component held the significant market share in terms of value in 2020 owing to high value associated with the active component.
Based on process, the market is categorized into hydrometallurgical process, pyrometallurgy process, and physical/mechanical process. Among these, physical/mechanical process held the significant share in the regional lithium-ion battery recycling market owing to its low-cost and negligible requirement of advance technologies. However, due to its non-environment friendly nature, usage of physical/mechanical process is likely to reduce in the foreseeable future.
Based on industry, the market is divided into automotive and non-automotive. Non-automotive is further categorized into industrial, power, marine, and others. Among these, automotive industry is likely to showcase robust growth during the forecast period due to increasing usage of electric vehicles and growing investment in research & development of lithium-ion battery recycling to meet the increase demand from electric vehicles.
For a better understanding of the market adoption of lithium-ion battery recycling, the market is analyzed based on its regional presence in the countries such as China, Japan, South Korea, Australia, India, Taiwan, and Rest of APAC. China had the prominent share in the regional lithium-ion battery recycling market pie. This is mainly ascribed to the increasing awareness among battery manufacturer and government to properly utilize the limited resources and government supporting schemes to promote the recycling activities in the country. Further, country is the largest consumer of electric vehicles therefore to mitigate the supply-demand gap, battery manufacturers are increasingly focusing on battery recycling.
Some of the major players operating in the market include Nippon Recycle Center Corporation, Tata Chemicals Ltd., SK Innovation Co. Ltd., Umicore S.A., CATL Co. Ltd., Envipro Holdings Inc., Envirostream, Neometals Ltd., SungEel Hitech Co. Ltd. and ENAX Inc.

Products


Companies

Nippon Recycle Center Corporation, Tata Chemicals Ltd., SK Innovation Co. Ltd., Umicore S.A., CATL Co. Ltd., Envipro Holdings Inc., Envirostream, Neometals Ltd., SungEel Hitech Co. Ltd. and ENAX Inc.

Table of Contents

Table of Contents

1 MARKET INTRODUCTION

1.1. Market Definitions

1.2. Limitation

1.3. Stake Holders

1.4. Currency used in Report

2 RESEARCH METHODOLOGY OR ASSUMPTION

2.1. Research Process of the Lithium-Ion Battery Recycling Market

2.2. Research Methodology of the Lithium-Ion Battery Recycling Market

2.3. Forecasting Method

2.4. Respondent Profile

2.5. Main Objective of the Lithium-Ion Battery Recycling Market Study

3 MARKET SYNOPSIS

4 EXECUTIVE SUMMARY

5 APAC LITHIUM-ION BATTERY RECYCLING MARKET COVID-19 IMPACT

6 APAC LITHIUM-ION BATTERY RECYCLING MARKET REVENUE (USD BN), 2019-2027F

7 MARKET INSIGHTS BY BATTERY CHEMISTRY

7.1. Lithium-Nickel Manganese Cobalt (Li-NMC)

7.2. Lithium-Iron Phosphate (LFP)

7.3. Lithium-Manganese Oxide (LMO)

7.4. Lithium- Titanate Oxide (LTO)

7.5. Lithium-Nickel Cobalt Aluminum Oxide (NCA)

8 MARKET INSIGHTS BY BATTERY COMPONENT

8.1. Active Material

8.2. Non-Active Material

9 MARKET INSIGHTS BY PROCESS

9.1. Hydrometallurgical Process

9.2. Pyrometallurgy Process

9.3. Physical/ Mechanical Process

10 MARKET INSIGHTS BY INDUSTRY

10.1. Automotive

10.2. Non-Automotive

10.2.1. Industrial

10.2.2. Power

10.2.3. Marine

10.2.4. Others

11 MARKET INSIGHTS BY COUNTRY

11.1. China

11.2. Japan

11.3. South Korea

11.4. Australia

11.5. India

11.6. Taiwan

11.7. Rest of APAC

12 LITHIUM-ION BATTERY RECYCLING MARKET DYNAMICS

12.1. Market Drivers

12.2. Market Challenges

12.3. Impact Analysis

13 LITHIUM-ION BATTERY RECYCLING MARKET OPPORTUNITIES

14 LITHIUM-ION BATTERY RECYCLING MARKET TRENDS

15 LEGAL & REGULATORY FRAMEWORK

15.1. China

15.2. Japan

15.3. South Korea

15.4. Australia

15.5. India

15.6. Taiwan

15.7. Others

16 Value Addition

16.1. Import Scenario

16.1.1. End of Life Lithium-Ion Battery Import Scenario

16.2. Analysis of Precious Metal

16.2.1. New

16.2.2. Recycled

16.3. Competitive Landscape of Startup

17 DEMAND AND SUPPLY SIDE ANALYSIS

17.1. Demand Side Analysis

17.2. Supply Side Analysis

17.2.1. Top Product Launches

17.2.2. Top Business Partnerships

17.2.3. Top Business Expansions, Investments and Divestitures

17.2.4. Top Merger and Acquisitions

18 VALUE CHAIN ANALYSIS

19 COMPETITIVE SCENARIO

19.1. Competitive Landscape

19.1.1. Lithium-Ion Battery Recyclable Capacity, by Top Players

20 COMPANY PROFILED

20.1. Nippon Recycle Center Corporation

20.2. Tata Chemicals Ltd.

20.3. SK Innovation Co. Ltd.

20.4. Umicore S.A.

20.5. CATL Co. Ltd.

20.6. ENAX Inc.

20.7. Envipro Holdings Inc.

20.8. Envirostream

20.9. Neometals Ltd.

20.10. SungEel HiTech Co. Ltd.

21 DISCLAIMER

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