The lithium-ion battery recycling market is mainly driven by the spread of the electric car market.
According to analysts, approximately 705,000 tons of end-of-life Li-ion batteries are expected to be available by 2025. This number is expected to reach 9 million tons per year by 2040.
Currently, only a small part of lithium-ion batteries is recycled, and the rest goes to landfills.
The total lithium-ion battery recycling market was approximately 93,800 tons in 2019, which will grow to 459,369 tons by 2025, with a CAGR between 2019 and 2025 of 30%.
The value of the raw materials in LIBs is approximately $ 315 million, which will reach $ 1.137 billion by 2025 and $ 23.812 billion by 2040.
end-of-life Li-ion batteries
expected in 2025
lithium-ion battery recycled
value of the raw materials
expected In 2040
The last great added value lies in the outputs we intend to bring to the market: composts of nickel, cobalt, manganese, and lithium (and other materials), precious metal compounds widely used in numerous production sectors, and interesting business objects.
Our approach guarantees multiple advantages, both from an environmental point of view and from that of competitiveness.
The environmental advantages are the recycling of agro-food waste, the recycling of waste from electrical and electronic equipment (WEEE, typically containing lithium batteries), and the reduction in the supply of critical raw materials; thus, supporting the development of a circular economy in which resources are kept “alive” for as long as possible. The competitive advantage can be consolidated through the green philosophy of the process and the positive publicity that this guarantees.