The demand for critical materials, such as lithium, nickel, cobalt, and rare-earth elements, is rapidly increasing due to the widespread adoption of electric vehicles, renewable energy technologies, and other advanced technologies. These materials are essential for the functioning of modern technologies, and their supply is geographically concentrated, leading to potential supply chain risks.
A new report from IDTechEx, “Critical Material Recovery 2025-2045: Technologies, Markets, Players,” highlights the growing importance of secondary sources for critical material recovery. The report forecasts that the global critical material recovery market will reach $110 billion annually by 2045, with a combined weight of over 3.3 million tonnes of critical materials recovered.
The report analyzes the market for critical material recovery technologies, including hydrometallurgy, pyrometallurgy, ionic liquids, solvent extraction, ion exchange, and direct recycling technologies. It also provides a detailed analysis of the key secondary source segments, including lithium-ion battery technology metals, rare-earth elements, platinum group metals, and semiconductors.
The report emphasizes the increasing importance of recovering critical materials from end-of-life equipment, such as electric vehicles, electronics, and renewable energy infrastructure. As the volume of this equipment increases, so does the potential for recovering valuable critical materials.
The report identifies several key growth opportunities for the critical material recovery market, including:
* The growing demand for critical materials in electric vehicles, renewable energy technologies, and other advanced technologies.
* The increasing availability of secondary sources for critical material recovery.
* The development of new and improved critical material recovery technologies.
IDTechEx’s report provides valuable insights for companies operating in the critical material recovery market. It offers a comprehensive overview of the market, including key technologies, market segments, key players, and value chains. The report also provides detailed forecasts for the market, which can be used to inform business decisions.
This report is a must-read for anyone interested in the critical material recovery market. It provides a comprehensive overview of the market, including key trends, technologies, and players. The report also provides valuable insights into the future of the market, which can be used to inform business decisions.
