Recent trends in the lithium-ion battery recycling market, size, expansion rate, industry percentage and global forecasts for 2026
Nippon Recycle Center Corporation Key Industry Developments In March 2019, the Volkswagen Group plans to launch a factory in Salzgitter, Germany, for a pilot recycling allocation that will settle for 1,200 tons of LIB packages of used cars annually. In March 2019, American Manganese Inc. signed a memorandum of understanding with Ames Laboratory regarding its interest in exploring the option of recycling fabrics for electric vehicle batteries. In January 2019, the United States Department of Energy committed to invest $ 20. 5 million to recycle lithium ion batteries. Learn more about the Lithium Ion Battery Recycling Market Research Report: https: //www. fortunebusinessinsights. com/industry-reports/lithium-ion-battery -recycling-marketplaceplaceplace-100244 Europe introduced the Battery Directive , a law that regulates the region’s disposal and manufacture of batteries to avoid dangerous effects is expected to inspire the immediate adoption of lithium ion ba batteries, which will lead to higher sales. Many corporations have also started investing massive sums in this sector, Asia-Pacific has the highest percentage of places in the lithium-ion battery recycling market due to the continuous promotion of electric mobility and the presence of the largest electronics customer. . The emerging countries, namely China and India, have lately a significant percentage of market places in terms of consumption of electronic equipment. The report predicts that Asia Pacific will delight in significant market expansion in the market during the forecast period.
