In 2030, the revenue opportunity in reusing and recycling lithium-ion batteries is expected to stand at around 13 billion U.S. dollars worldwide. China alone will account for roughly half of this value. The market for recycled batteries is gradually growing as demand for electrical vehicles grows around the world. As the world demand for lithium-ion batteries continues to soar, the mining industry will need to ramp up production of lithium. Recycling capacities of lithium-ion batteries will also need to significantly increase in order to fill out supply in the next decade.
Revenue opportunities in lithium-ion battery reuse and recycling in 2030, by country
(in billion U.S. dollars)
Characteristic
Revenue in billion U.S. dollars
-
-
-
-
-
-
-
-
Exclusive Premium Statistic
To access all Premium Statistics, you need a paid Statista Account
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
McKinsey & Company. (January 16, 2023). Revenue opportunities in lithium-ion battery reuse and recycling in 2030, by country (in billion U.S. dollars) [Graph]. In Statista. Retrieved September 17, 2024, from https://www.statista.com/statistics/1103253/revenue-opportunity-ruse-recycle-by-country/
McKinsey & Company. "Revenue opportunities in lithium-ion battery reuse and recycling in 2030, by country (in billion U.S. dollars)." Chart. January 16, 2023. Statista. Accessed September 17, 2024. https://www.statista.com/statistics/1103253/revenue-opportunity-ruse-recycle-by-country/
McKinsey & Company. (2023). Revenue opportunities in lithium-ion battery reuse and recycling in 2030, by country (in billion U.S. dollars). Statista. Statista Inc.. Accessed: September 17, 2024. https://www.statista.com/statistics/1103253/revenue-opportunity-ruse-recycle-by-country/
McKinsey & Company. "Revenue Opportunities in Lithium-ion Battery Reuse and Recycling in 2030, by Country (in Billion U.S. Dollars)." Statista, Statista Inc., 16 Jan 2023, https://www.statista.com/statistics/1103253/revenue-opportunity-ruse-recycle-by-country/
McKinsey & Company, Revenue opportunities in lithium-ion battery reuse and recycling in 2030, by country (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1103253/revenue-opportunity-ruse-recycle-by-country/ (last visited September 17, 2024)
Revenue opportunities in lithium-ion battery reuse and recycling in 2030, by country (in billion U.S. dollars) [Graph], McKinsey & Company, January 16, 2023. [Online]. Available: https://www.statista.com/statistics/1103253/revenue-opportunity-ruse-recycle-by-country/
