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 IMARC Group, a leading market research company, has recently releases report titled “ Electric Vehicle Battery Recycling Market Report by Type (Lithium-ion, Lead-acid, and Others), Process (Hydrometallurgical, Pyro-metallurgical, and Others), Vehicle Type (Passenger Cars, Commercial Vehicles), Application (Electric Cars, Electric Buses, Energy Storage Systems, and Others), and Region 2024-2032 ”, Offers a comprehensive analysis of the industry, which comprises insights on the market. How Big is the Electric Vehicle Battery Recycling Market? The global electric vehicle battery recycling market size reached US$ 2.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 22.2 Billion by 2032, exhibiting a growth rate (CAGR) of 24.9% during 2024-2032 Industry Overview of Electric Vehicle Battery Recycling The recycling of electric vehicle (EV) batteries involves two processes, namely pyrometallurgy/smelting, and hydro...

According to the latest report by IMARC Group, titled " Global Electric Vehicle Battery Recycling Market Size, Share, Industry Trends, Growth, Opportunity and Forecast 2022-2027 ", the  global electric vehicle (EV) battery recycling market reached a value of US$ 1.77 Billion in 2021 . Looking forward, IMARC Group expects the market to reach a value of  US$ 8.66 Billion by 2027 , exhibiting a  CAGR of 28.70% during 2022-2027 . Electric vehicles (EVs) are powered by rechargeable batteries which need to be replaced when they reach the end of life (EOL). The critical and reusable products in the batteries are recycled to reduce the dependence on intensive mining of finite metal elements such as cobalt, aluminum, and nickel. They are recycled through the processes of pyrometallurgy/smelting as well as hydrometallurgy. Nowadays, EV battery recycling is increasingly gaining traction to stop harmful materials from being released into the waste streams and other water bodies....