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)
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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 December 19, 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 December 19, 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: December 19, 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 December 19, 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/
