From 2021 to 2025, the global lithium ion battery recycling market is expected to grow by US $1.11 billion, with a compound annual increase of 17.76% From Technavio.

The following is the From 2021 to 2025, the global lithium ion battery recycling market is expected to grow by US $1.11 billion, with a compound annual increase of 17.76% From Technavio. recommended by recordtrend.com. And this article belongs to the classification: New material industry.

Technavio, an international market research institute, recently released a report that the global lithium ion battery recycling market is expected to grow by US $1.11 billion from 2021 to 2025, with an annual compound growth rate of 17.76%.

The increasing demand for electric vehicles has significantly promoted the growth of lithium-ion battery recycling market. At the same time, the reuse of metal resources and environmental protection will also promote the growth of battery recycling market.

However, on the other hand, factors such as safety problems related to the storage and transportation of waste batteries may hinder market growth.

From the perspective of regional markets, 85% of the market growth in the forecast period will come from the Asia Pacific region. China, South Korea and Japan are the main markets for lithium ion battery recycling in the Asia Pacific region.

The growth rate in the Asia Pacific region has been high and is expected to provide multiple growth opportunities for market suppliers during the forecast period. Strict government regulations and EPA guidelines to limit environmental hazards will promote the growth of lithium ion battery recycling market in the Asia Pacific region in the forecast period.

In terms of application fields, the market share of lithium-ion battery recycling in non mobile fields has increased significantly. In order to take full advantage of the opportunity and recover from the impact after covid-19, market suppliers will pay more attention to the growth prospects in the fast-growing field while maintaining their position in the slow-growing field.

Source: cable network read more: technavio: Global set-top box Market Forecast in the next five years technavio: three major trends of American furniture market in 2017 technavio: it is expected that the global e-commerce market will exceed US $3.6 trillion in 2020 technavio: it is expected that the global deep learning system market will exceed US $1.3 billion in 2020 technavio: it is expected that the global laser diode market will exceed US $10 billion in 2020 technavio Technavio: Nintendo invested US $527 million in R & D in the last fiscal year. Technavio: it is expected that the total volume of global luxury e-commerce transactions will reach US $41.76 billion in 2019. Technavio: it is expected that the global baby monitor market will grow at a compound annual rate by 2021 Technavio: the annual compound growth rate of the global underwear e-commerce market will reach 18% from 2017 to 2021. Technavio: the global tourism technology industry will exceed US $12 billion in 2019. Technavio: it is estimated that the global industrial Internet of things market will reach US $132 billion in 2020. CCID think tank: 2020 white paper on the development of lithium ion battery industry (attached with download) global market scale forecast of the next generation of high-performance materials

If you want to get the full report, you can contact us by leaving us the comment. If you think the information here might be helpful to others, please actively share it. If you want others to see your attitude towards this report, please actively comment and discuss it. Please stay tuned to us, we will keep updating as much as possible to record future development trends.

RecordTrend.com is a website that focuses on future technologies, markets and user trends. We are responsible for collecting the latest research data, authority data, industry research and analysis reports. We are committed to becoming a data and report sharing platform for professionals and decision makers. We look forward to working with you to record the development trends of today’s economy, technology, industrial chain and business model.Welcome to follow, comment and bookmark us, and hope to share the future with you, and look forward to your success with our help.