Lithium-Ion Battery Recycling Market Outlook 2021 | Covid-19 Impact | Growth by Top Key Players
The Lithium-Ion Battery Recycling Market Size anticipates growing at a spiraling pace during the forthcoming years. Lithium-Ion Battery Recycling are effective in reducing the shocks and vibrations that arise from friction. The demand for lowering friction in several high-speed machines is expected to significantly aid the market. Fortune Business Insights™ has presented this information in an upcoming report titled, “Lithium-Ion Battery Recycling Market, 2021-2028”. The report highlights the different factors boosting the market growth. For instance, aerodynamic bearings possess excellent features like longer service life, higher rotational power, and outstanding thermal stability. These features are expected to enhance market penetration and thereby increase the demand for aerodynamic bearings in several industries.
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Report Coverage:
The report follows an innovative methodology using top-down and bottom-up approaches for a holistic assessment of the prospected market. The report also incorporates PESTLE Analysis and Porter’s Five Forces Analysis for an infallible prediction of the market. The information presented in the report is gathered through interviews with multiple stakeholders at regional, country, and global levels. The report presents data on the competitive landscape of the aerodynamic bearings market and highlights recent industry developments, including details on new product launches, key market trends, expansions, and acquisitions, etc.
Segmentation:
By Chemistry
Lithium Cobalt Oxide (LCO)
Lithium Iron Phosphate (LFP)
Lithium Manganese Oxide (LMO)
Lithium Nickel Cobalt Aluminum Oxide (NCA)
Lithium Nickel Manganese Cobalt Oxide (NMC)
By Source
Electronics
Electric Vehicles
Power Tools
Others
By Recycling Process
Physical/Mechanical
Hydrometallurgical
Pyrometallurgical
Drivers & Restraints:
People nowadays are rapidly shifting towards clean power sources as they offer efficient input to various applications. Companies worldwide have surged the installation of multiple batteries for numerous electric vehicles and energy storage. This is expected to bolster the replacement of long-standing batteries with low out efficiency generating wastes. Total, for instance, announced its plan to construct a battery-based energy storage project in France in March 2020.
Regional Insights:
North America to Bag the Largest Share of Growth
North America is anticipated to hold the largest slice in global Lithium-Ion Battery Recycling market share due to the existing regional players like Hovair Systems Inc., PI Nelson Air Corp, Honeywell International Inc., Capstone Turbine Corporation, etc.
Asia Pacific is expected to lay hold off a significant share in market growth. The increasing demand from the automotive industry is expected to immensely stimulate market growth. The smartphone market attributes to the large consumption of semiconductors, which is, in turn, spurring the Lithium-Ion Battery Recycling market growth. Being a global industrial manufacturing hub, China is expected to open new doors of opportunities for the aerostatic bearings market in the Asia Pacific.
Europe is expected to demonstrate significant growth during the forthcoming years. Major players like Bladon Jets, IBS precision Engineering, and Lithium-Ion Battery Recycling Ltd. are expected to positively affect the market growth. Also, the increasing adoption by the industrial sector for aerostatic bearings is expected to thrive in the market.
The Rest of the World is expected to show considerable growth, mainly due to the increasing demand in South America and the Middle East & Africa
List of Key Players in Lithium-Ion Battery Recycling Market:
Glencore PLC. Green Technology Solutions, Inc. Li-Cycle Technology. Recupyl Sas. Umicore SA. Metal Conversion Technologies LLC. Retriev Technologies Inc. Raw Materials Company. About Us:
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