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Electric Vehicles Battery Recycling Market worth $56.3 billion by 2031 – Exclusive Report by MarketsandMarkets™

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CHICAGO, Feb. 21, 2024 /PRNewswire/ — The report “Electric Vehicles Battery Recycling Market by Source (Passenger Vehicles, Commercial Vehicles, E-Bikes), Chemistry (Li-NMC, LFP, LMO, LTO, NCA), Process, and Region (North America, Europe, Asia Pacific) – Global Forecast to 2031″, is projected to grow from USD 9.0 billion in 2023 to USD 56.3 billion by 2031, at a CAGR of 25.8%  during the forecast period. High demand from the automotive and consumer electronic sector is expected to drive the EV Battery Recycling Market.

Browse in-depth TOC on “Electric Vehicles Battery Recycling Market”

217 – Tables
48 – Figures
211 – Pages

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The Lithium Nickel Manganese Cobalt is expected to account for the largest share of the EV Battery Recycling Market, by battery chemistry, during the forecast period, in terms of value

By battery chemistry type, the lithium nickel manganese cobalt is estimated to have the largest market share by volume. Lithium Nickel Manganese Cobalt battery chemistry provides increased energy/power density and a decreased footprint compared to Lithium Iron Phosphate (LFP) batteries. With commendable energy density, lithium nickel manganese cobalt are undergoing continuous advancements, contributing to the growth of EV Battery Recycling Market.

By source, passengers segment is expected to account for the largest market share during the forecast period in terms of value.

Based on source, the passenger segment is estimated to account for the largest share of the market during the forecast period. This is driven by the rising demand for electric passenger cars, supported by factors like convenience, comfort, and personal mobility preferences. The increasing global awareness and adoption of electric vehicles, along with government initiatives such as supportive policies, incentives, and charging infrastructure development, contribute to the dominance of the passenger cars segment. These factors collectively indicate that the passenger segment is projected to maintain its leading position in the EV battery recycling market during the specified period.

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Asia Pacific is projected to register the largest market share during the forecast period.

Asia Pacific is estimated to lead the market during the forecast period, driven by robust economic growth and substantial investments in the automotive and electronics sectors. Notably, emerging economies like China and India have played a pivotal role in establishing Asia-Pacific as a significant market for EV Battery recycling. Additionally, an increase in purchasing power of the population and government support are likely to propel EV Battery Recycling Market.

Some of the leading players in this market include Contemporary Amperex Technology Co., Limited. (China), Glencore (Switzerland), GEM Co., Ltd. (China), ERAMET (France), Li-Cycle Corp (Canada), Umicore (Belgium) among others.

Browse Adjacent Market: Equipment Machine and Tooling Market Research Reports

Related Reports:

Battery Recycling Market – Global Forecast to 2030

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on TwitterLinkedIn and Facebook.

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Norck Expands Custom Manufacturing Services with Enhanced Precision CNC Machining, Engineering Support, and Curated Network of Select Manufacturing Partners

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Norck, a global leader in on demand manufacturing, has expanded its services to include precision CNC machining, custom component manufacturing, and on-demand solutions. The company’s curated network of trusted manufacturing partners and personalized one-on-one engineering support set it apart from automated platforms. Serving industries such as aerospace, defense, robotics, and medical, Norck delivers high-quality, precision-engineered components tailored to specific needs. With capabilities in CNC machining, 3D printing, and hybrid manufacturing, Norck empowers businesses to innovate and scale efficiently. Visit www.norck.com for more information.

IRVINE, Calif. and MANNHEIM, Germany, Nov. 16, 2024 /PRNewswire-PRWeb/ — Norck, a global leader in advanced manufacturing and custom component production, is proud to announce a major expansion of its services, focusing on precision CNC machining, custom component manufacturing, and on-demand CNC machining. A key highlight of this growth is the enhancement of Norck’s curated network of select manufacturing partners, ensuring clients benefit from the highest quality standards and consistent reliability.

By partnering with only the best manufacturers, we ensure that every project meets our clients’ exacting standards. Combined with our one-to-one engineering support, this approach guarantees a superior manufacturing experience.

Complementing its growing capabilities, Norck reaffirms its commitment to personalized, one-to-one engineering and design support, setting it apart from competitors with automated platforms. With a strategic combination of expert guidance and a carefully vetted partner network, Norck is revolutionizing the way businesses approach custom parts manufacturing.

Norck’s Motto: “Prototype. Manufacture. Scale Up. On Demand.”

This guiding principle reflects Norck’s dedication to delivering seamless, end-to-end solutions that meet the dynamic needs of modern industries. From initial prototyping to full-scale production, Norck empowers businesses to innovate and grow with speed and precision.

Expanding a Curated Network of Trusted Manufacturing Partners

Norck’s curated network of select manufacturing partners brings together top-tier facilities specializing in CNC machining, injection molding, and metal 3D printing. Each partner is carefully vetted for quality, reliability, and expertise, ensuring seamless collaboration and superior results.

Key Benefits of Norck’s Manufacturing Partner Network:

Consistent Quality Standards: Partners are selected based on strict adherence to global certifications such as ISO 9001 and AS9100.Diverse Capabilities: Access to advanced manufacturing technologies, including custom CNC machining, custom component manufacturing, and on-demand sheet metal fabrication.Streamlined Project Management: Norck acts as a single point of contact, managing every aspect of production and ensuring seamless coordination across its network.

“Our curated network is an integral part of delivering exceptional results to our clients,” said Faruk Guney, CEO of Norck. “By partnering with only the best manufacturers, we ensure that every project meets our clients’ exacting standards. Combined with our one-to-one engineering support, this approach guarantees a superior manufacturing experience.”

Personalized Engineering and Design Support

Unlike platforms that rely heavily on automation, Norck emphasizes a one-on-one collaboration model with clients. This personalized approach ensures that designs are optimized for manufacturability, cost-efficiency, and performance before production begins.

Key Features of Norck’s Engineering and Design Support:

Dedicated Design Consultants: Clients work with experienced engineers who understand their unique requirements and industry challenges.

Seamless Iteration: From concept refinement to rapid prototyping, Norck supports clients at every step to perfect their designs.

Material Selection Guidance: Expert advice to choose the best materials for durability, performance, and cost-effectiveness.

Feasibility Analysis: Comprehensive evaluations to ensure manufacturability and optimal production outcomes.

Precision CNC Machining and Custom Component Manufacturing

Norck’s precision CNC machining services are at the forefront of its manufacturing offerings. With a focus on high-quality production and design optimization, Norck delivers custom CNC parts and components that meet even the most complex specifications.

Key Highlights:

On-Demand CNC Machining: Rapid, efficient production tailored to client needs, from prototypes to large-scale production.

Wire EDM Services: Precision machining for intricate designs requiring tight tolerances.

Custom CNC Machining Near Me: Localized support through Norck’s extensive partner network for faster turnaround times and convenience.

Advanced Metal 3D Printing Services

Norck has also enhanced its metal 3D printing services, providing innovative solutions for lightweight and complex custom metal parts. These services are integrated with Norck’s engineering support to ensure clients achieve the perfect balance of creativity and manufacturability.

Key Features:

Custom Metal 3D Printing: Production of intricate and durable components for aerospace, automotive, and medical applications.Hybrid Manufacturing Solutions: Combining CNC machining and 3D printing for advanced design possibilities.Injection Molding and On-Demand Sheet Metal FabricationNorck’s comprehensive offerings include injection molding and on-demand sheet metal fabrication, enabling clients to produce high-quality custom parts at scale. By leveraging its curated network, Norck delivers consistent results across all manufacturing disciplines.

Industries Served

Norck proudly serves a diverse range of industries, providing tailored solutions to meet specific sector requirements:

Norck offers specialized manufacturing solutions across various industries, delivering precision-engineered components and services tailored to each sector’s unique requirements.

Aerospace: Norck provides high-precision components that meet stringent aerospace standards, ensuring safety and reliability in critical applications.

Defense: Supplying robust and reliable parts, Norck supports mission-critical defense systems and equipment, adhering to rigorous quality and performance criteria.

Robotics: Norck creates intricate components essential for the efficient operation of robotic systems and automation technologies, enhancing performance and precision.

Automotive: Manufacturing custom parts, Norck enhances vehicle performance, durability, and safety across various automotive applications.

Medical: Producing biocompatible and precision-engineered components, Norck supports medical devices, surgical tools, and healthcare technologies, ensuring safety and efficacy.

Consumer Products: Producing high-quality, durable components, Norck serves a wide range of consumer goods, from electronics to appliances, ensuring product longevity and reliability.

Industrial: Providing durable and reliable parts, Norck supports machinery, tools, and industrial systems, ensuring operational efficiency and longevity.

Hardware: Crafting precision hardware components, Norck caters to construction, infrastructure, and various manufacturing applications, meeting specific project needs.

Electronics: Delivering custom components, Norck supports electronic devices, ensuring compatibility and performance in advanced systems.

Energy: Supplying high-performance parts, Norck serves renewable energy, oil and gas, and power generation applications, contributing to efficient energy solutions.

Norck’s tailored solutions ensure each industry’s unique requirements are met with precision and reliability, reinforcing its commitment to quality and innovation.

About Norck

Norck is a global leader in advanced manufacturing, specializing in precision CNC machining, custom component manufacturing, metal 3D printing, and injection molding. With a strong commitment to innovation, quality, and customer satisfaction, Norck delivers tailored manufacturing solutions to businesses worldwide. By combining personalized engineering support, cutting-edge technologies, and a curated network of trusted manufacturing partners, Norck empowers industries to achieve their most ambitious goals.

For more information about Norck’s services and solutions, visit www.norck.com

Media Contact

Dennis Weiss, NORCK INC – NORCK GMBH, 1 949-232-0251, ed@norck.com, www.norck.com

Ed Braun, NORCK INC – NORCK GMBH, www.norck.com

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SOURCE NORCK INC – NORCK GMBH; NORCK INC – NORCK GMBH

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Intercos Korea Inc. Press Release

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MILAN, Nov. 16, 2024 /PRNewswire/ — Intercos Korea Inc. wishes to provide its position regarding certain information circulated in relation to the lawsuit started in 2019 that was initiated against two former employees of Kolmar Korea, subsequently employed by Intercos Korea Inc. .

The investigation that led to these proceedings concerned actions taken by the two former employees independently when they were not yet employed by Intercos Korea Inc.. Intercos Korea Inc. inevitably became part of the proceedings solely because it was the employer at the time the investigation commenced, despite having taken immediate actions to dissociate the company from these employees’ misbehaviour.

As a result of the conviction of the two former employees, the Court of Appeal—having reviewed the case twice—deemed it appropriate to reduce the fine to Intercos Korea to approximately €3.600 (5 million KRW), thus rendering it a purely symbolic sanction.

Intercos Group has always attached great importance to business ethics as proven by the irreproachable reputation it enjoys globally since decades.

Intercos shareholders and management fully trust the current Intercos Korea managers’ exemplary ethics.

Intercos Korea Inc.

40-38, GAJANGSANEOPSEOBUK-RO, OSAN-SI,GYEONGGI-DO, KOREA (#18103) / www.intercos.com 

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SafetyStratus to Participate in the 11th Asian Conference on Safety and Education in Laboratory (ACSEL 2024)

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SafetyStratus is excited to announce its participation in the 11th Asian Conference on Safety and Education in Laboratory (ACSEL 2024), a key event focused on advancing safety protocols and educational strategies in laboratory environments across Asia. The conference will be hosted by the University of Tokyo on November 28-29, 2024, and will bring together experts, educators, researchers, and industry leaders to exchange insights on laboratory safety and best practices in lab-based education.

FUKUOKA, Japan, Nov. 16, 2024 /PRNewswire-PRWeb/ — SafetyStratus is excited to announce its participation in the 11th Asian Conference on Safety and Education in Laboratory (ACSEL 2024), a key event focused on advancing safety protocols and educational strategies in laboratory environments across Asia. The conference will be hosted by the University of Tokyo on November 28-29, 2024, and will bring together experts, educators, researchers, and industry leaders to exchange insights on laboratory safety and best practices in lab-based education.

ACSEL 2024 offers a unique platform for attendees to engage in discussions on critical topics, including safety culture in academic and industrial laboratories, emerging risks, and the integration of technology to enhance laboratory safety and compliance. Attendees will gain valuable insights through keynote sessions, panel discussions, and networking opportunities with global experts committed to fostering safer and more productive laboratory environments.

Conference Date: 28-29 November 2024 (Poster session: 21-30 November 2024)

Venue: Venue Centennial Hall, Kyushu University School of Medicine Fukuoka, Japan

Going Virtual: https://www.acsel.esc.u-tokyo.ac.jp/2024/venue.html

For more information about ACSEL 2024, please visit ACSEL 2024 website.

About SafetyStratus

SafetyStratus offers the industry’s most comprehensive enterprise EH&S software platform with software, technology, and content to reduce risks and achieve operational excellence. Teams in academia, construction, healthcare, and general industry use the SafetyStratus platform to conduct inspections, perform behavior-based observations, collaborate on JSAs and JHAs, prepare incident reports, track institutional protocols, radioactive isotope inventory, and stay compliant with federal or regional regulations in any part of the world using a desktop or a mobile device in real-time.

Media Contact

Curtis Baker, SafetyStratus Inc., +1 (844) 896-7572, media.help@safetystratus.com, https://www.safetystratus.com/

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SOURCE SafetyStratus Inc.; SafetyStratus Inc.

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