IDTechEx forecasts that the Li-ion battery recycling market is forecast to reach US$52B in value by 2045.
Li-ion battery (LIB) demand continues to grow across electric vehicle (EV), energy storage system (ESS), and consumer electronics markets. The sustainability of Li-ion batteries relies on their entire lifecycle management, including at end-of-life (EOL). Eventually, LIBs no longer meet their performance requirements and reach EOL. EOL LIBs can be recycled to reclaim the valuable and critical raw materials contained within them, and have these materials reintroduced into new LIB manufacturing. These batteries could also be repurposed for second-life applications, which would delay recycling. Together, these EOL management routes form the LIB circular economy.
By recycling LIBs, this can allow new battery manufacturers to shield themselves against volatile raw material prices, domesticate a more stable supply of materials, and meet regulated targets in key regions. Recyclers can also generate revenues from the key products of recycling, including black mass and/or battery-grade metal salts. Recent player activity suggests that the LIB recycling market is hyperactive and becoming more crowded. Players continue to expand their recycling capacities, and develop advanced LIB recycling technologies, such as direct recycling and graphite recycling. Key management strategies for recycling binders could also be key in future, given the potential outlawing of PFAS materials such as PVDF; a key material used as a binder in LIB cathodes.
This webinar will cover:
- An introduction to Li-ion battery demand, LIB circular economy and recycling
- A snapshot into key Li-ion battery recycling market trends and key player activity
- Key trends in LIB recycling technologies, including cathode, direct, graphite anode, and binder recycling
- A keynote on LIB Battery Regulation in the EU
- IDTechEx's outlook and conclusions on the global Li-ion battery recycling market