Report analyzes growing LIB recycling industry

Deloitte and CAS, a division of the Washington-based American Chemical Society specializing in scientific knowledge management, have released a collaborative report, Lithium-Ion Battery Recycling: Market & Innovation Trends for A Green Future. The report is the first shared project between the two organizations since their collaboration announcement last year.

According to the organizations, growing demand for electric vehicles (EVs), renewable energy storage and consumer electronics is driving an urgent focus on sustainable battery recycling solutions. They say the report is a comprehensive analysis of lithium-ion battery (LIB) recycling and covers both market and scientific perspectives on the rapidly evolving industry. It includes insights into the market dynamics, technological advances and strategic pathways to profitability in the sector and highlights the role of battery recycling in addressing resource scarcity and environmental challenges amid growing demand for sustainable energy solutions.

“We are pleased to develop and provide industry insights and solutions based on CAS scientific data,” says Kevin Guo, Deloitte China National Industry Program leader. “Science and technology innovations have made remarkable progress in multiple fields, and Deloitte China looks forward to continuing to work with CAS to make a significant impact on the industry.”

The report combines CAS’ data and scientific expertise with Deloitte’s market and business analysis to explore the latest developments in the industry across six key areas: policy, capacity expansion, technological innovation, digital solutions, cross-sector collaboration and pathway to profitability. Among other trends, the organizations say the report explores how recycling technology innovation and digital solutions are transforming the battery recycling industry, driving improvements in efficiency, recovery rates and environmental impact and accelerating the global transition to a low-carbon future.

“This in-depth report showcases the powerful synergy of Deloitte’s market insights and CAS unmatched scientific data and technical expertise,” says Manual Guzman, president of Columbus, Ohio-based CAS. “Through this collaboration, together we aim to accelerate breakthroughs on critical global challenges such as sustainable energy, and enable innovators across industries to make more confident business decisions.”