#Lithiumion #Battery #Recycling #Market #Size #Worth #USD
Pune, India, Oct. 06, 2022 (GLOBE NEWSWIRE) — The global Lithium-ion Battery Recycling Market was USD 2 billion in 2021. The global market size is expected to be gain momentum by reaching USD 6.55 billion by 2028, exhibiting a CAGR of 18.5% during the forecast period from 2021-2028. This information is provided by Fortune Business Insights, in its report, titled, “Lithium-ion Battery Recycling Market, 2021-2028.”
According to our analysts, the factors such as rising introduction of strict government norms for treating vital materials in battery chemistry. Growing electrification and clean energy generation targets to augment market growth.
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Report Highlights:
| Report Coverage | Details |
| Forecast Period | 2021-2028 |
| Forecast Period 2020 to 2028 CAGR | 18.5% |
| 2028 Value Projection | USD 6.55 Billion |
| Base Year | 2020 |
| Market Size in 2020 | USD 1.70 Billion |
| Historical Data for | 2017-2019 |
| No. of Pages | 240 |
| Segments covered | By Chemistry, By Source, By Recycling Process, and By Region |
| Growth Drivers | Increasing Demand for Clean Energy Sources to Boost Growth |
| Increasing Demand for Clean Energy Sources to Boost Growth |
COVID-19 Impact Analysis-
COVID-19 Pandemic to Impact Growth Backed by Stoppage of Cross-border Trade
The COVID-19 pandemic has delayed various operations in a wide range of industries. Government bodies are introducing new rules, such as lockdown and social distancing policies to curb transmission. Halt of cross-border trade activities would negatively impact the supply chain network. We are offering in-depth insights into the lithium-ion battery recycling industry to help our clients better understand the current scenario.
To get to know more about the short-term and long-term impact of COVID-19 on this…
Read on GNW: Lithium-ion Battery Recycling Market Size Worth USD 6.55
