The Global Lithium-Ion Battery Recycling Market is likely to gain momentum from a rise in the consumers of portable electronic equipment and electric vehicles. Volkswagen Group, American Manganese Inc., and Other Key Players Aim to Strengthen Position Through Strategic Investments, ongoing revolution in the energy storage system is anticipated to increase demand for lithium-ion batteries. This, in turn, is expected to increase lithium-ion battery recycling market sales.

List of Top Players covered in the Lithium-ion Battery Recycling Market Research Report

• Glencore Recupyl SAS

• Australian Battery Recycling Initiative

• Umicore

• Redux Smart Battery Recycling

• Retrieve Technologies

• Battery Recycling Made Easy

• Nippon Recycle Center Corporation

• Raw Material Company Inc.

• The International Metals Reclamation Company Li-Cycle™

• American Manganese Inc.

• Global Battery Solution

• SAR Recycle

• Nippon Recycle Center Corporation

Europe has started Battery Directive, an act that regulates the disposal and manufacture of batteries in the region to prevent hazardous effects is anticipated to encourage in the rapid adoption of lithium-ion batteries, which will lead to rise in the sales. Numerous companies have also started investing huge sums in this industry.

Asia Pacific possesses the biggest lithium-ion battery recycling market share because of the ongoing e-mobility promotion as well as presence of the largest consumer of electronics. Emerging countries, namely, China and India have currently holds a major portion of the market in terms of electronic equipment consumption. The report predicts that Asia Pacific will witness significant growth of market during the forecast period.

Gain More Insights into the Lithium Ion Battery Recycling Market Research Report: https://www.fortunebusinessinsights.com/industry-reports/lithium-ion-battery-recycling-market-100244

Presence of the Largest Pool of Electronics Consumers to Favor Growth of Lithium-ion Battery Recycling Market in Asia Pacific

The global lithium-ion battery recycling market is geographically segmented into Europe, the Middle East and Africa, North America, Latin America, and the Asia Pacific. Amongst these, North America accounts for a notably high lithium-ion battery recycling market share. This is because of a rise in pilot projects in the field of electric vehicles. The region is also witnessing an increasing demand for lithium-ion batteries due to the presence of numerous tech giants, techno3.logical revolutions, huge data centres, and telecommunication companies.

These sectors often produce a lot of waste materials which can be very harmful for the environment if not treated well. This is further stimulating growth opportunities for the lithium-ion battery recycling market in North America. Europe, on the other hand, is very cautious regarding the region’s environment. This is why, the region uses battery-operated public transportation vehicles and this makes the region one of the top consumers of lithium-ion batteries.