The Lithium and Cobalt Recycling Market research report provides a detailed analysis of diverse segments across 6 regions and 25 countries including Chemistry (Lithium Cobalt Oxide, Lithium Iron Phosphate, Lithium Manganese Oxide, Lithium Nickel Cobalt Aluminum Oxide, Lithium Nickel Manganese Cobalt Oxide), End Use (Automotive, Non-Automotive, Industrial, Consumer Electronics), Source (Electronics, Electric Vehicles, Power Tools, Others), Recycling Process (Mechanical/Physical, Hydrometallurgical, Pyrometallurgical).
Productivity, technology enablement, and sustainability remain the key market-driving forces in the global Lithium and Cobalt Recycling industry landscape. Companies that invest in that supply chain and operational resiliency are poised to gain a competitive edge over other market players. The global energy investments are set to increase from around $1,652 Billion in 2024 to $2845 Billion in 2040. As the world is making steady progress towards net zero, energy security, affordability, and industrial competitiveness remain key focus areas of most Lithium and Cobalt Recycling companies. The Lithium and Cobalt Recycling demand trajectory varies based on multiple scenarios, from macroeconomic conditions, regulatory support, investment scenarios, and the global landscape. Decision makers across the Lithium and Cobalt Recycling industry value chain formulating long-term transition strategies with a diverse range of future scenarios are likely to stay ahead of the competition curve.
In the lithium and cobalt recycling market, there's a trend towards recovering valuable materials from end-of-life batteries for reuse in new energy storage systems. Innovations in battery recycling technologies, hydrometallurgical processes, and material separation methods are prevalent trends. Additionally, the adoption of battery recycling for resource conservation, circular economy initiatives, and reducing environmental impact is gaining traction. Moreover, advancements in recycling efficiency, material purity, and cost-effective recovery methods are shaping the market.
Key drivers propelling the lithium and cobalt recycling market include the surge in battery production, resource scarcity concerns, and sustainability initiatives in the energy storage sector. Battery recycling offers advantages such as reducing the environmental footprint, conserving raw materials, and minimizing waste, driving its adoption in the circular economy framework. Moreover, technological advancements in recycling processes, material recovery rates, and closed-loop supply chains contribute significantly to market growth.
Opportunities in the lithium and cobalt recycling market lie in expanding recycling capacities and promoting sustainable battery materials. Collaboration among recycling facilities, battery manufacturers, and regulatory bodies offers significant growth prospects. Moreover, investing in research and development for efficient recycling methods, novel separation technologies, and material reclamation from diverse battery chemistries can unlock new avenues for market expansion. Exploring emerging markets with increasing battery waste streams and promoting the benefits of battery recycling for resource conservation and reducing environmental impact can further drive market growth and facilitate widespread adoption.
Lithium and Cobalt Recycling involves reclaiming and reusing these valuable materials from end-of-life lithium-ion batteries. This recycling process aims to recover metals like lithium and cobalt for use in new battery production, reducing environmental impact and preserving valuable resources.
Chemistry
• Lithium Cobalt Oxide
• Lithium Iron Phosphate
• Lithium Manganese Oxide
• Lithium Nickel Cobalt Aluminum Oxide
• Lithium Nickel Manganese Cobalt Oxide
End User
• Automotive
• Non-Automotive
• Industrial
• Consumer Electronics
Source
• Electronics
• Electric Vehicles
• Power Tools
• Others
Recycling Process
• Mechanical/Physical
• Hydrometallurgical
• Pyrometallurgical
By Region
• Accurec Recycling GmbH
• Akkuser Oy
• American Battery Solutions Inc.
• American Zinc Recycling Corp
• Duesenfeld GmbH
• Fortum Oyj
• Li-Cycle Corp
• Lithion Recycling Inc.
• Neometals Ltd.
• Redux GmbH
• Retriev Technologies Inc.
• Snam S.p.A.
• Umicore N.V
*List not exhaustive
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TABLE OF CONTENTS
1 INTRODUCTION TO 2024 Lithium and Cobalt Recycling MARKETS
1.1 Market Overview
1.2 Quick Facts
1.3 Scope/Objective of the Study
1.4 Market Definition
1.5 Countries and Regions Analyzed
1.6 Units, Currency, and Conversions
1.7 Industry Value Chain
2 RESEARCH METHODOLOGY
2.1 Market Size Estimation
2.2 Sources and Research Methodology
2.3 Data Triangulation
2.4 Assumptions and Limitations
3 EXECUTIVE SUMMARY
3.1 Global Lithium and Cobalt Recycling Market Size Outlook, $ Million, 2021 to 2030
3.2 Lithium and Cobalt Recycling Market Outlook by Type, $ Million, 2021 to 2030
3.3 Lithium and Cobalt Recycling Market Outlook by Product, $ Million, 2021 to 2030
3.4 Lithium and Cobalt Recycling Market Outlook by Application, $ Million, 2021 to 2030
3.5 Lithium and Cobalt Recycling Market Outlook by Key Countries, $ Million, 2021 to 2030
4 MARKET DYNAMICS
4.1 Key Driving Forces of Lithium and Cobalt Recycling Industry
4.2 Key Market Trends in Lithium and Cobalt Recycling Industry
4.3 Potential Opportunities in Lithium and Cobalt Recycling Industry
4.4 Key Challenges in Lithium and Cobalt Recycling Industry
5 MARKET FACTOR ANALYSIS
5.1 Competitive Landscape
5.1.1 Global Lithium and Cobalt Recycling Market Share by Company
5.1.2 Product Offerings by Company
5.2 Porter’s Five Forces Analysis
6 GROWTH OUTLOOK ACROSS SCENARIOS
6.1 Growth Analysis-Case Scenario Definitions
6.2 Low Growth Scenario Forecasts
6.3 Reference Growth Scenario Forecasts
6.4 High Growth Scenario Forecasts
7 GLOBAL Lithium and Cobalt Recycling MARKET OUTLOOK BY SEGMENTS
7.1 Lithium and Cobalt Recycling Market Outlook by Segments
Chemistry
- Lithium Cobalt Oxide
- Lithium Iron Phosphate
- Lithium Manganese Oxide
- Lithium Nickel Cobalt Aluminum Oxide
- Lithium Nickel Manganese Cobalt Oxide
End Use
- Automotive
- Non-Automotive
- Industrial
- Consumer Electronics
Source
- Electronics
- Electric Vehicles
- Power Tools
- Others
Recycling Process
- Mechanical/Physical
- Hydrometallurgical
- Pyrometallurgical
8 NORTH AMERICA Lithium and Cobalt Recycling MARKET ANALYSIS AND OUTLOOK TO 2030
8.1 Introduction to North America Lithium and Cobalt Recycling Markets in 2024
8.2 North America Lithium and Cobalt Recycling Market Size Outlook by Country, 2021-2030
8.2.1 United States
8.2.2 Canada
8.2.3 Mexico
8.3 North America Lithium and Cobalt Recycling Market size Outlook by Segments, 2021-2030
Chemistry
- Lithium Cobalt Oxide
- Lithium Iron Phosphate
- Lithium Manganese Oxide
- Lithium Nickel Cobalt Aluminum Oxide
- Lithium Nickel Manganese Cobalt Oxide
End Use
- Automotive
- Non-Automotive
- Industrial
- Consumer Electronics
Source
- Electronics
- Electric Vehicles
- Power Tools
- Others
Recycling Process
- Mechanical/Physical
- Hydrometallurgical
- Pyrometallurgical
9 EUROPE Lithium and Cobalt Recycling MARKET ANALYSIS AND OUTLOOK TO 2030
9.1 Introduction to Europe Lithium and Cobalt Recycling Markets in 2024
9.2 Europe Lithium and Cobalt Recycling Market Size Outlook by Country, 2021-2030
9.2.1 Germany
9.2.2 France
9.2.3 Spain
9.2.4 United Kingdom
9.2.4 Italy
9.2.5 Russia
9.2.6 Norway
9.2.7 Rest of Europe
9.3 Europe Lithium and Cobalt Recycling Market size Outlook by Segments, 2021-2030
Chemistry
- Lithium Cobalt Oxide
- Lithium Iron Phosphate
- Lithium Manganese Oxide
- Lithium Nickel Cobalt Aluminum Oxide
- Lithium Nickel Manganese Cobalt Oxide
End Use
- Automotive
- Non-Automotive
- Industrial
- Consumer Electronics
Source
- Electronics
- Electric Vehicles
- Power Tools
- Others
Recycling Process
- Mechanical/Physical
- Hydrometallurgical
- Pyrometallurgical
10 ASIA PACIFIC Lithium and Cobalt Recycling MARKET ANALYSIS AND OUTLOOK TO 2030
10.1 Introduction to Asia Pacific Lithium and Cobalt Recycling Markets in 2024
10.2 Asia Pacific Lithium and Cobalt Recycling Market Size Outlook by Country, 2021-2030
10.2.1 China
10.2.2 India
10.2.3 Japan
10.2.4 South Korea
10.2.5 Indonesia
10.2.6 Malaysia
10.2.7 Australia
10.2.8 Rest of Asia Pacific
10.3 Asia Pacific Lithium and Cobalt Recycling Market size Outlook by Segments, 2021-2030
Chemistry
- Lithium Cobalt Oxide
- Lithium Iron Phosphate
- Lithium Manganese Oxide
- Lithium Nickel Cobalt Aluminum Oxide
- Lithium Nickel Manganese Cobalt Oxide
End Use
- Automotive
- Non-Automotive
- Industrial
- Consumer Electronics
Source
- Electronics
- Electric Vehicles
- Power Tools
- Others
Recycling Process
- Mechanical/Physical
- Hydrometallurgical
- Pyrometallurgical
11 SOUTH AMERICA Lithium and Cobalt Recycling MARKET ANALYSIS AND OUTLOOK TO 2030
11.1 Introduction to South America Lithium and Cobalt Recycling Markets in 2024
11.2 South America Lithium and Cobalt Recycling Market Size Outlook by Country, 2021-2030
11.2.1 Brazil
11.2.2 Argentina
11.2.3 Rest of South America
11.3 South America Lithium and Cobalt Recycling Market size Outlook by Segments, 2021-2030
Chemistry
- Lithium Cobalt Oxide
- Lithium Iron Phosphate
- Lithium Manganese Oxide
- Lithium Nickel Cobalt Aluminum Oxide
- Lithium Nickel Manganese Cobalt Oxide
End Use
- Automotive
- Non-Automotive
- Industrial
- Consumer Electronics
Source
- Electronics
- Electric Vehicles
- Power Tools
- Others
Recycling Process
- Mechanical/Physical
- Hydrometallurgical
- Pyrometallurgical
12 MIDDLE EAST AND AFRICA Lithium and Cobalt Recycling MARKET ANALYSIS AND OUTLOOK TO 2030
12.1 Introduction to Middle East and Africa Lithium and Cobalt Recycling Markets in 2024
12.2 Middle East and Africa Lithium and Cobalt Recycling Market Size Outlook by Country, 2021-2030
12.2.1 Saudi Arabia
12.2.2 UAE
12.2.3 Oman
12.2.4 Rest of Middle East
12.2.5 Egypt
12.2.6 Nigeria
12.2.7 South Africa
12.2.8 Rest of Africa
12.3 Middle East and Africa Lithium and Cobalt Recycling Market size Outlook by Segments, 2021-2030
Chemistry
- Lithium Cobalt Oxide
- Lithium Iron Phosphate
- Lithium Manganese Oxide
- Lithium Nickel Cobalt Aluminum Oxide
- Lithium Nickel Manganese Cobalt Oxide
End Use
- Automotive
- Non-Automotive
- Industrial
- Consumer Electronics
Source
- Electronics
- Electric Vehicles
- Power Tools
- Others
Recycling Process
- Mechanical/Physical
- Hydrometallurgical
- Pyrometallurgical
13 COMPANY PROFILES
13.1 Company Snapshot
13.2 SWOT Profiles
13.3 Products and Services
13.4 Recent Developments
13.5 Financial Profile
List of Companies
- Accurec Recycling GmbH
- Akkuser Oy
- American Battery Solutions Inc.
- American Zinc Recycling Corp
- Duesenfeld GmbH
- Fortum Oyj
- Li-Cycle Corp
- Lithion Recycling Inc.
- Neometals Ltd.
- Redux GmbH
- Retriev Technologies Inc.
- Snam S.p.A.
- Umicore N.V
14 APPENDIX
14.1 Customization Offerings
14.2 Subscription Services
14.3 Related Reports
14.4 Publisher Expertise
Chemistry
• Lithium Cobalt Oxide
• Lithium Iron Phosphate
• Lithium Manganese Oxide
• Lithium Nickel Cobalt Aluminum Oxide
• Lithium Nickel Manganese Cobalt Oxide
End User
• Automotive
• Non-Automotive
• Industrial
• Consumer Electronics
Source
• Electronics
• Electric Vehicles
• Power Tools
• Others
Recycling Process
• Mechanical/Physical
• Hydrometallurgical
• Pyrometallurgical
By Region
The global Lithium and Cobalt Recycling Market is one of the lucrative growth markets, poised to register a 21.4% growth (CAGR) between 2024 and 2030.
Emerging Markets across Asia Pacific, Europe, and Americas present robust growth prospects.
Accurec Recycling GmbH, Akkuser Oy, American Battery Solutions Inc., American Zinc Recycling Corp, Duesenfeld GmbH, Fortum Oyj, Li-Cycle Corp, Lithion Recycling Inc., Neometals Ltd., Redux GmbH, Retriev Technologies Inc., Snam S.p.A., Umicore N.V,
Base Year- 2023; Estimated Year- 2024; Historic Period- 2018-2023; Forecast period- 2024 to 2030; Currency: USD; Volume