Skip to main content

‘Intense’ growth ahead for battery recyclers

The lithium-ion battery recycling market is projected to grow from EUR 5.9 billion in 2022 to almost EUR 32 billion by 2031. This suggests a healthy growth rate of 20.6% during the forecast period.

‘The lithium-ion battery recycling market is on the way for intense growth across different sources such as automotive and industrial, consumer electronics, power, and marine,’ according to a analysts at ReportLinker. Especially Europe is well positioned to witness strong growth.

By battery chemistry, the lithium-iron phosphate (LFP) segment is expected to be the second largest segment of lithium-ion battery recycling market. These are typically used in high-power devices and equipment. The phosphate cathode material employed in LFP has a long-life cycle, high current rating, high thermal stability, and enhanced safety due to higher tolerance.

‘Increasing use of LFP in high-power applications such as EV cars and power tools, among others, is expected to lead to the growth of the LFP segment in the lithium-ion battery recycling market,’ analysts note.

Don't hesitate to contact us to share your input and ideas. Subscribe to the magazine or (free) newsletter.

You might find this interesting too

Hydro banks on green aluminium in Spain
Fire at French battery recycler
Clean-up on aisle five

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Subscribe now and get a full year for just €169 (normal rate is €225) Subscribe