Market Size and Growth
✦ The market was reflecting strong, sustained growth USD 6.1 billion in 2022 and is expected to reach USD 20.4 billion by 2031, CAGR of 22.3% during the forecasting period (2024-2031).
✦ The driving force behind this expansion is a combination of surging global demand, technological advancements, and significant investments in new infrastructure projects.
Mergers and Acquisition
The Li-ion battery recycling market is growing rapidly with new partnerships, supply deals, and significant funding.
Glencore has acquired Li-Cycle, a major lithium-ion battery recycling company, to expand its presence in the battery recycling sector.
Fortum Battery Recycling has launched a new “Battery Box” service in Germany and Finland to simplify the collection and recycling of EV batteries.
Researchers are developing new direct recycling technologies that can restore…
