Lithium-Ion Battery Recycling Market is expected to grow at a CAGR of 19.4% during the forecast period and is expected to reach US$ 19.00 Bn by 2029.
The lithium-Ion battery recycling process involves a chemical precipitation methodology, which permits scarce minerals to be recovered to battery manufacturers for reuse. Lithium-Ion Battery Recycling Market, Dynamics:
Continuous development of Li-ion battery and adoption in vast industry verticals are expected to increase its requirement for its waste management. It is used as a major power source in consumer electronic devices like mobile phones, laptops, tablets, cars and trucks and vehicles, which is stimulating the requirement for Lithium-ion battery recycling. The stringent government regulations and policies to promote and encourage recycling and reuse of Li-ion batteries are expected to drive the global lithium-ion battery recycling market growth.
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