Product Code: ETC4492705 | Publication Date: Jul 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The India lithium-ion battery recycling market import shipments demonstrated a strong growth trend with a CAGR of 15.5% from 2020 to 2024. However, there was a slight slowdown in growth from the previous period, with a negative growth rate of -4.2% between 2023 and 2024. Overall, the market expansion stabilized towards the end of the period.
The India Lithium-Ion Battery Recycling Market is gaining traction due to the increasing use of lithium-ion batteries in electronic devices and electric vehicles. Battery recycling is essential for resource conservation and minimizing environmental impact. As the adoption of lithium-ion batteries grows, the need for recycling solutions is also on the rise.
The India lithium-ion battery recycling market is evolving as a result of the increasing adoption of electric vehicles (EVs), portable electronic devices, and renewable energy storage solutions. With the surge in lithium-ion battery usage, there`s a growing need to recycle and recover valuable materials while minimizing environmental impact. Government incentives and regulations promoting sustainable practices and responsible battery disposal drive the market. The scarcity of certain raw materials used in battery production and the potential for cost savings through recycling further incentivize the recycling industry.
The lithium-ion battery recycling market in India confronts challenges concerning infrastructure and awareness. The recycling infrastructure for lithium-ion batteries is still underdeveloped in the country, making it challenging to efficiently collect and process used batteries. Moreover, creating awareness about the importance of recycling and the hazards of improper disposal is essential. Environmental and safety concerns related to battery recycling also need to be addressed.
The India lithium-ion battery recycling market faced challenges during the COVID-19 pandemic as industries and automotive production experienced disruptions. The reduced demand for new lithium-ion batteries and the economic uncertainties affected the recycling sector. However, the growing awareness of the environmental impact of battery disposal and the need for sustainable practices continued to drive interest in recycling. As industries recover and recognize the importance of responsible battery disposal and resource conservation, the India lithium-ion battery recycling market is expected to regain momentum.
The market for lithium-ion battery recycling in India sees the active involvement of companies like TES-AMM and Attero Recycling. These firms specialize in advanced recycling technologies, recovering valuable materials from used lithium-ion batteries, contributing to environmental sustainability.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Lithium-ion Battery Recycling Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Lithium-ion Battery Recycling Market Revenues & Volume, 2021 & 2031F |
3.3 India Lithium-ion Battery Recycling Market - Industry Life Cycle |
3.4 India Lithium-ion Battery Recycling Market - Porter's Five Forces |
3.5 India Lithium-ion Battery Recycling Market Revenues & Volume Share, By Source, 2021 & 2031F |
3.6 India Lithium-ion Battery Recycling Market Revenues & Volume Share, By Battery Component, 2021 & 2031F |
3.7 India Lithium-ion Battery Recycling Market Revenues & Volume Share, By Recycling Process, 2021 & 2031F |
3.8 India Lithium-ion Battery Recycling Market Revenues & Volume Share, By Battery Chemistry, 2021 & 2031F |
4 India Lithium-ion Battery Recycling Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing adoption of electric vehicles in India leading to higher lithium-ion battery consumption. |
4.2.2 Growing environmental concerns and government regulations promoting sustainable practices like battery recycling. |
4.2.3 Technological advancements in lithium-ion battery recycling processes improving efficiency and reducing costs. |
4.3 Market Restraints |
4.3.1 Lack of proper infrastructure and facilities for efficient lithium-ion battery recycling in India. |
4.3.2 Limited awareness among consumers and industries about the benefits and importance of battery recycling. |
4.3.3 Lack of clear regulations and policies governing the lithium-ion battery recycling market in India. |
5 India Lithium-ion Battery Recycling Market Trends |
6 India Lithium-ion Battery Recycling Market, By Types |
6.1 India Lithium-ion Battery Recycling Market, By Source |
6.1.1 Overview and Analysis |
6.1.2 India Lithium-ion Battery Recycling Market Revenues & Volume, By Source, 2021-2031F |
6.1.3 India Lithium-ion Battery Recycling Market Revenues & Volume, By Automotive, 2021-2031F |
6.1.4 India Lithium-ion Battery Recycling Market Revenues & Volume, By Non-automotive, 2021-2031F |
6.2 India Lithium-ion Battery Recycling Market, By Battery Component |
6.2.1 Overview and Analysis |
6.2.2 India Lithium-ion Battery Recycling Market Revenues & Volume, By Active Material, 2021-2031F |
6.2.3 India Lithium-ion Battery Recycling Market Revenues & Volume, By Non-active Material, 2021-2031F |
6.3 India Lithium-ion Battery Recycling Market, By Recycling Process |
6.3.1 Overview and Analysis |
6.3.2 India Lithium-ion Battery Recycling Market Revenues & Volume, By Hydrometallurgical Process, 2021-2031F |
6.3.3 India Lithium-ion Battery Recycling Market Revenues & Volume, By Pyrometallurgical Process, 2021-2031F |
6.3.4 India Lithium-ion Battery Recycling Market Revenues & Volume, By Physical/Mechanical, 2021-2031F |
6.4 India Lithium-ion Battery Recycling Market, By Battery Chemistry |
6.4.1 Overview and Analysis |
6.4.2 India Lithium-ion Battery Recycling Market Revenues & Volume, By Lithium-nickel Manganese Cobalt (Li-NMC), 2021-2031F |
6.4.3 India Lithium-ion Battery Recycling Market Revenues & Volume, By Lithium-iron Phosphate (LFP), 2021-2031F |
6.4.4 India Lithium-ion Battery Recycling Market Revenues & Volume, By Lithium-manganese Oxide (LMO), 2021-2031F |
6.4.5 India Lithium-ion Battery Recycling Market Revenues & Volume, By Lithium-titanate Oxide (LTO), 2021-2031F |
6.4.6 India Lithium-ion Battery Recycling Market Revenues & Volume, By Lithium-nickel Cobalt Aluminum Oxide (NCA), 2021-2031F |
7 India Lithium-ion Battery Recycling Market Import-Export Trade Statistics |
7.1 India Lithium-ion Battery Recycling Market Export to Major Countries |
7.2 India Lithium-ion Battery Recycling Market Imports from Major Countries |
8 India Lithium-ion Battery Recycling Market Key Performance Indicators |
8.1 Percentage increase in the number of lithium-ion batteries recycled annually. |
8.2 Improvement in the efficiency of lithium-ion battery recycling processes. |
8.3 Reduction in the environmental impact of lithium-ion battery waste disposal. |
8.4 Increase in the number of partnerships and collaborations in the lithium-ion battery recycling industry. |
8.5 Growth in investments and funding towards developing lithium-ion battery recycling technologies. |
9 India Lithium-ion Battery Recycling Market - Opportunity Assessment |
9.1 India Lithium-ion Battery Recycling Market Opportunity Assessment, By Source, 2021 & 2031F |
9.2 India Lithium-ion Battery Recycling Market Opportunity Assessment, By Battery Component, 2021 & 2031F |
9.3 India Lithium-ion Battery Recycling Market Opportunity Assessment, By Recycling Process, 2021 & 2031F |
9.4 India Lithium-ion Battery Recycling Market Opportunity Assessment, By Battery Chemistry, 2021 & 2031F |
10 India Lithium-ion Battery Recycling Market - Competitive Landscape |
10.1 India Lithium-ion Battery Recycling Market Revenue Share, By Companies, 2024 |
10.2 India Lithium-ion Battery Recycling Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |