세계의 전기자동차 배터리 재활용 시장 전망(-2030년) : 배터리 유형별, 재활용 공정별, 비즈니스 모델별, 배터리 공급원별, 재료별, 용도별, 최종사용자별, 지역별 분석

According to Stratistics MRC, the Global Electric Vehicle Battery Recycling Market is accounted for $11.14 billion in 2024 and is expected to reach $40.11 billion by 2030 growing at a CAGR of 23.8% during the forecast period. Recycling the batteries from electric vehicles (EVs) is an essential part of sustainable transportation, helping to solve the environmental issues raised by the growing use of EVs. Effective recycling procedures are becoming more and more necessary in order to recover valuable materials like lithium, cobalt, and nickel from spent batteries as the demand for electric vehicles (EVs) grows. Reusing these materials reduces the need for virgin resources and lessens the environmental impact of battery production.

According to the International Energy Agency (IEA), electric vehicle sales are projected to reach 30% of total global vehicle sales by 2030.

Market Dynamics:

Driver:

Growing interest in electric cars

Technology developments, government initiatives to reduce greenhouse gas emissions, and environmental awareness are all contributing to the global shift towards electric vehicles. The global EV market is predicted to expand rapidly in the near future, and projections indicate that EV sales may eventually make up a sizeable share of new car sales. This spike in demand causes the quantity of batteries in use to rise, and it also raises concerns about how these batteries are managed throughout their lifecycle. Additionally, effective recycling procedures are essential to managing waste and recovering valuable materials as more electric vehicles (EVs) approach the end of their life cycles.

Restraint:

Complexity of battery composition and design

A range of materials, including plastics, aluminum, cobalt, nickel, and lithium, are used to make EV batteries. Each of these materials has unique characteristics and recycling needs. This complexity is increased by the fact that battery designs differ amongst manufacturers. For example, different brand batteries have different chemistries and configurations that make processing and disassembly more difficult. Due to this variability, safe and efficient disassembly requires specific tools and knowledge. Furthermore, these batteries are complicated, which raises labor costs and creates safety hazards when handling them because mishandled batteries can leak dangerous substances or catch fire.

Opportunity:

Quick increase in the use of electric vehicles

The increasing global adoption of electric vehicles is driving up demand for battery recycling services. It is anticipated that the volume of end-of-life batteries will rise sharply as EV sales continue to rise, especially in regions like Asia-Pacific and Europe. According to a Niti Aayog report, for example, by 2030, 128 GWh of lithium-ion batteries will be available for recycling in India alone, with a large share coming from the EV segment. Moreover, the expanding market offers recyclers the chance to set up businesses that can effectively handle these batteries and extract valuable materials.

Threat:

Rivalry with second-life apps

Even after they can no longer be used in automobiles, many used EV batteries still have a significant amount of capacity. Since these batteries are being used for energy storage solutions instead of being recycled right away, there is a growing market for second-life applications. The number of batteries that are immediately available for recycling decreases, even though this practice can lengthen the lifespan of battery components. Additionally, the urgency of investing in recycling infrastructure may decrease as businesses look for alternate uses for spent batteries.

Covid-19 Impact:

Due to production line disruptions and widespread shutdowns in the automotive and recycling industries, the COVID-19 pandemic had a major effect on the market for recycled electric vehicle (EV) batteries. Strict travel bans and lockdowns during the pandemic caused a shortage of workers, which resulted in the closure of numerous recycling facilities. This exacerbated already-existing difficulties in managing battery waste by creating a backlog of exhausted batteries that could not be processed. Furthermore, reducing the market for new EVs and, as a result, limiting the amount of batteries entering the recycling stream was the economic uncertainty brought on by the pandemic, which also resulted in lower consumer spending on electric vehicles.

The Lithium segment is expected to be the largest during the forecast period

The lithium segment holds the largest market share in the electric vehicle (EV) battery recycling industry. This is mostly because lithium is essential to lithium-ion batteries, which are the most popular kind of batteries used in EVs. With a market share of roughly 58.36% in 2022, lithium-ion batteries are expected to dominate the electric vehicle (EV) industry due to their high energy density, thermal stability, and efficiency. Moreover, the need for lithium recovery from used batteries has increased due to the growing global adoption of electric vehicles. Manufacturers are trying to lessen their reliance on newly mined resources and minimize supply chain risks related to sourcing lithium.

The Energy Storage Systems segment is expected to have the highest CAGR during the forecast period

The energy storage systems segment is expected to have the highest CAGR in the market for recycled electric vehicle batteries. This is due to the growing need for sustainable energy solutions and the repurposing of used EV batteries for stationary storage applications. When the batteries in electric vehicles run out, they still have a lot of capacity left in them, which makes them good for second-life uses in energy storage systems-which are necessary to incorporate renewable energy sources into the grid. Additionally, the market for energy storage systems is anticipated to grow to a value of over USD 4.5 billion, driven by developments in battery technology and government incentives that support sustainability.

Region with largest share:

The Asia-Pacific region is anticipated to hold the largest share of the market for recycling electric vehicle batteries. This dominance is mostly due to the quick uptake of electric vehicles in important nations like South Korea, Japan, and China, which has led to a significant amount of used batteries that need to be recycled. The region gains from strict government regulations that promote sustainable practices and appropriate disposal techniques, as well as large investments in cutting-edge recycling technologies targeted at recovering valuable materials from spent batteries. Moreover, having a strong manufacturing ecosystem and a trained labor force improves the area's ability to create and execute efficient recycling systems.

Region with highest CAGR:

The market for recycling batteries from electric vehicles is expected to grow significantly in the European region, with the highest CAGR. Strict laws and mandates designed to improve the region's capacity for battery recycling and sustainability are the driving forces behind this expansion. The area's dedication to a circular economy places a strong emphasis on waste minimization and resource efficiency, which has led to more funding being allocated to recycling infrastructure and technologies. Additionally, as electric vehicles become more and more popular throughout Europe, a significant amount of end-of-life batteries are produced, this calls for efficient recycling solutions.

Key players in the market

Some of the key players in Electric Vehicle Battery Recycling market include Umicore N.V., Tata Chemicals Limited, Duesenfeld GmbH, EnerSys, Fortum Corporation, Ace Green Recycling, Inc, Contemporary Amperex Technology Co., Limited., BatX Energies Pvt. Ltd., Glencore plc, Li-Cycle Holdings Corp., Andritz AG, Redwood Materials, Inc., Eco-Bat Technologies Ltd., Battery Solutions LLC, GEM Co., Ltd., Exxon Mobil Corp., Snam S.p.A. and Attero Recycling Pvt. Ltd.

Key Developments:

In May 2024, EnerSys, the global leader in stored energy solutions for industrial applications, today announced it has entered into a definitive agreement to acquire Bren-Tronics, Inc. in an all-cash transaction of $208 million. The purchase price represents approximately 8.7x Bren-Tronics' adjusted EBITDA for the twelve months.

In February 2024, Tata Chemicals Ltd has announced collaboration with IITB-Monash Research Academy for pioneering research in the perovskite/clean energy domain. This strategic partnership is aimed at advancing sustainable energy transition solutions and fostering cutting-edge innovation in clean energy technologies.

In October 2023, Umicore and AESC, a global leader in the development and manufacturing of high-performance batteries for electric vehicles (EV) and energy storage systems, have signed a ten-year agreement whereby Umicore will supply high-nickel battery materials for the production of EV batteries at AESC's US manufacturing facilities.

Battery Types Covered:

• Lithium-ion Batteries
• Sealed Lead Acid Batteries
• Nickel-metal Hydride Batteries
• Other Battery Types

Recycling Processes Covered:

• Hydrometallurgical Process
• Pyrometallurgy Process
• Physical/mechanical Process

Business Models Covered:

• Contractual Recycling Services
• Direct-to-Market Recycled Materials

Battery Sources Covered:

• Commercial Vehicles
• Passenger Cars
• E-scooters & Motorcycles
• E-bikes

Materials Covered:

• Graphite
• Nickel
• Cobalt
• Copper
• Manganese
• Lithium
• Aluminum
• Iron
• Plastics
• Other Materials

Applications Covered:

• Electric Cars
• Electric Buses
• Energy Storage Systems
• Other Applications

End Users Covered:

• Transportation
• Consumer Electronics
• Industrial
• Other End Users

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Application Analysis
• 3.7 End User Analysis
• 3.8 Emerging Markets
• 3.9 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Electric Vehicle Battery Recycling Market, By Battery Type

• 5.1 Introduction
• 5.2 Lithium-ion Batteries
• 5.3 Sealed Lead Acid Batteries
• 5.4 Nickel-metal Hydride Batteries
• 5.5 Other Battery Types

6 Global Electric Vehicle Battery Recycling Market, By Recycling Process

• 6.1 Introduction
• 6.2 Hydrometallurgical Process
• 6.3 Pyrometallurgy Process
• 6.4 Physical/mechanical Process

7 Global Electric Vehicle Battery Recycling Market, By Business Model

• 7.1 Introduction
• 7.2 Contractual Recycling Services
• 7.3 Direct-to-Market Recycled Materials

8 Global Electric Vehicle Battery Recycling Market, By Battery Source

• 8.1 Introduction
• 8.2 Commercial Vehicles
  • 8.2.1 Heavy Commercial Vehicles
  • 8.2.2 Light Commercial Vehicles
• 8.3 Passenger Cars
  • 8.3.1 Battery Electric Vehicles
  • 8.3.2 Pure Hybrid Electric Vehicles
  • 8.3.3 Plug-in Hybrid Electric Vehicles
• 8.4 E-scooters & Motorcycles
• 8.5 E-bikes

9 Global Electric Vehicle Battery Recycling Market, By Material

• 9.1 Introduction
• 9.2 Graphite
• 9.3 Nickel
• 9.4 Cobalt
• 9.5 Copper
• 9.6 Manganese
• 9.7 Lithium
• 9.8 Aluminum
• 9.9 Iron
• 9.10 Plastics
• 9.11 Other Materials

10 Global Electric Vehicle Battery Recycling Market, By Application

• 10.1 Introduction
• 10.2 Electric Cars
• 10.3 Electric Buses
• 10.4 Energy Storage Systems
• 10.5 Other Applications

11 Global Electric Vehicle Battery Recycling Market, By End User

• 11.1 Introduction
• 11.2 Transportation
• 11.3 Consumer Electronics
• 11.4 Industrial
• 11.5 Other End Users

12 Global Electric Vehicle Battery Recycling Market, By Geography

• 12.1 Introduction
• 12.2 North America
  • 12.2.1 US
  • 12.2.2 Canada
  • 12.2.3 Mexico
• 12.3 Europe
  • 12.3.1 Germany
  • 12.3.2 UK
  • 12.3.3 Italy
  • 12.3.4 France
  • 12.3.5 Spain
  • 12.3.6 Rest of Europe
• 12.4 Asia Pacific
  • 12.4.1 Japan
  • 12.4.2 China
  • 12.4.3 India
  • 12.4.4 Australia
  • 12.4.5 New Zealand
  • 12.4.6 South Korea
  • 12.4.7 Rest of Asia Pacific
• 12.5 South America
  • 12.5.1 Argentina
  • 12.5.2 Brazil
  • 12.5.3 Chile
  • 12.5.4 Rest of South America
• 12.6 Middle East & Africa
  • 12.6.1 Saudi Arabia
  • 12.6.2 UAE
  • 12.6.3 Qatar
  • 12.6.4 South Africa
  • 12.6.5 Rest of Middle East & Africa

13 Key Developments

• 13.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 13.2 Acquisitions & Mergers
• 13.3 New Product Launch
• 13.4 Expansions
• 13.5 Other Key Strategies

14 Company Profiling

• 14.1 Umicore N.V.
• 14.2 Tata Chemicals Limited
• 14.3 Duesenfeld GmbH
• 14.4 EnerSys
• 14.5 Fortum Corporation
• 14.6 Ace Green Recycling, Inc
• 14.7 Contemporary Amperex Technology Co., Limited.
• 14.8 BatX Energies Pvt. Ltd.
• 14.9 Glencore plc
• 14.10 Li-Cycle Holdings Corp.
• 14.11 Andritz AG
• 14.12 Redwood Materials, Inc.
• 14.13 Eco-Bat Technologies Ltd.
• 14.14 Battery Solutions LLC
• 14.15 GEM Co., Ltd.
• 14.16 Exxon Mobil Corp.
• 14.17 Snam S.p.A.
• 14.18 Attero Recycling Pvt. Ltd.