Lithium Ion Battery Recycling Market
The lithium-ion battery recycling market\'s forecast is driven by key factors. The increasing volume of spent batteries due to the rapid growth of electric vehicles (EVs) is creating a higher demand for efficient recycling solutions. Furthermore, stringent environmental regulations and government incentives are encouraging the adoption of sustainable practices, thereby boosting the market. The rising cost of raw materials like cobalt and lithium is also pushing manufacturers to recover these valuable metals through recycling.