Europe Lithium-ion Battery Recycling Market, By Chemistry (Lithium-nickel Manganese Cobalt, Lithium-iron Phosphate, Lithium-manganese Oxide Spinal, Lithium-titanate Oxide, Lithium-nickel Cobalt Aluminium Oxide, and Lithium-cobalt Oxide), By End-user Industry (Automotive, Marine, Industrial, Power, and Others), By Region, Competition, Forecast & Opportunities, 2028
Published Date: December - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Chemicals | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationEurope Lithium-ion Battery Recycling Market, By Chemistry (Lithium-nickel Manganese Cobalt, Lithium-iron Phosphate, Lithium-manganese Oxide Spinal, Lithium-titanate Oxide, Lithium-nickel Cobalt Aluminium Oxide, and Lithium-cobalt Oxide), By End-user Industry (Automotive, Marine, Industrial, Power, and Others), By Region, Competition, Forecast & Opportunities, 2028
As per the European Commission, due to economies of scale and production experience, lithium-ion battery prices in the region can be reduced by 50% through mass production by the year 2030 and by another 50% after that. So, a lithium-ion battery that costs 200 euros per kWh today might eventually cost 50 euros per kWh.
However, as per the IVL Swedish Environmental Research Institute, the EU only produces 1% of all battery raw materials to cover the needs of the mobility and energy storage sectors, but access to 7–18 times more lithium and 2–5 times more cobalt by 2030 is needed.
As per the International Council on Clean Transportation (ICCT), seven of the top ten national markets in terms of yearly EV sales in 2021 were in Europe, including Germany, the United Kingdom, France, Norway, Italy, Sweden, and the Netherlands. In addition, global EV sales reached a record high of 6.9 million in 2021, a 107% increase from 2020.
Increasing Demand from The Automotive Sector
According to the European Commission, the extrapolated demand for Li-ion cells for battery electric powered passenger cars and light commercial vehicles (BEV and PHEV) in the EU in 2030 is expected to be between 360 and 750 GWh/a, which is roughly 10 to 15 times the EU production volume in 2020.
New Policy Regulations
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Recent Developments
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1) strengthening the internal market's functionality (including products, processes, waste batteries, and recyclates), by ensuring a level playing field through a shared set of rules 2) fostering a circular economy; and
3) minimizing environmental and social impacts throughout the entirety of the battery life cycle.
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Market Segmentation
Europe Lithium-ion Battery Recycling Market is segmented into Chemistry, and End-User Industry.
Market Players
Umicore SA, Euro Dieuze Industrie (Veolia), S.N.A.M. (Société Nouvelle d'Affinage des Métaux), Accurec Recycling GmbH, Duesenfeld GmBH, Redux GmbH, Royal Bees Recycling Sp. z o.o., SungEel HiTech Hungary kft, Volkswagenwerk GmbH, and AkkuSer Oy
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Attribute |
Details |
|
Base Year |
2022 |
|
Historic Data |
2018 – 2021 |
|
Estimated Year |
2023 |
|
Forecast Period |
2024 – 2028 |
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Quantitative Units |
Revenue in USD Million, Volume Units and
CAGR for 2018-2022 and 2023-2028 |
|
Report coverage |
Revenue forecast, Volume forecast company share, competitive
landscape, growth factors, and trends |
|
Segments covered |
By Chemistry By End-User |
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Regional scope |
France, Germany, United Kingdom, Italy, Spain, Finland, Switzerland,
Netherlands, Denmark, Poland |
|
Key companies profiled |
Umicore SA, Euro Dieuze Industrie
(Veolia), S.N.A.M. (Société Nouvelle d'Affinage des Métaux), Accurec
Recycling GmbH, Duesenfeld GmBH, Redux GmbH, Royal Bees Recycling Sp. z o.o.,
SungEel HiTech Hungary kft, Volkswagenwerk GmbH, and AkkuSer Oy |
|
Customization scope |
10% free report customization with purchase. Addition or
alteration to country, regional & segment scope. |
|
Pricing and purchase options |
Avail customized purchase options to meet
your exact research needs. Explore purchase options |
|
Delivery Format |
PDF and Excel through Email
(We can also provide the editable version of the report in PPT/Word format on
special request) |
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