Electric Vehicle Battery Reuse and Recycling Market Outlook 2024-2029, with Profiles of Market Leaders, including Guangdong Brunp Recycling Technology Co, GEM, Umicore, Glencore, Li-Cycle ...
UMICORE SA UNSP/ADR (UMICY)
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Source: Yahoo! Finance
Dublin, Dec. 17, 2024 (GLOBE NEWSWIRE) -- The "Electric Vehicle Battery Reuse and Recycling Market" report has been added to ResearchAndMarkets.com's offering. The Electric Vehicle Battery Reuse and Recycling Market was valued at USD 8 billion in 2024, and is projected to reach USD 28.1 billion by 2029, rising at a CAGR of 28.5%. EV battery recycling is gaining momentum due to the growing use of LIBs, which are installed in EVs. Advances in LIB technology, like improving battery capacity and energy density, will be essential to meet consumer demand as battery applications move toward large power requirements at lower costs. These advances are expected to improve the LIB systems, which offer many opportunities in electric mobility and will fuel the growth of the EV battery reuse and recycling market. Market Dynamics and Growth Factors The rising global adoption of EVs has considerably increased the demand for LIBs. This surge has increased the quantity of end-of-life (EOL) bat
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