The global market for Lithium-Ion Battery Recycling was valued at US$7.3 Billion in 2024 and is projected to reach US$23.9 Billion by 2030, growing at a CAGR of 21.9% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The process of recycling lithium-ion batteries involves several steps, including collection, discharging, dismantling, and material recovery. Advanced recycling methods such as hydrometallurgical and pyrometallurgical processes are employed to extract valuable metals from the battery components. Innovations in direct recycling, which preserves the cathode materials' structure for reuse, are also gaining traction. Regulatory frameworks and industry standards are being established to ensure the safe and efficient handling and processing of spent batteries. Companies and governments are investing in recycling infrastructure and technologies to address the growing volume of end-of-life batteries and promote a circular economy.
The growth in the lithium-ion battery recycling market is driven by several factors. Firstly, the rising adoption of electric vehicles and renewable energy systems is leading to an increased generation of spent lithium-ion batteries. Secondly, stringent environmental regulations and policies promoting sustainable waste management are encouraging the development of efficient recycling solutions. Thirdly, advancements in recycling technologies are improving the recovery rates and economic feasibility of extracting valuable materials from spent batteries. Additionally, the growing awareness of resource conservation and the need to reduce dependency on mined raw materials are driving the demand for recycled battery materials. Furthermore, significant investments by industry players and governments in recycling infrastructure and research and development are supporting the expansion of the lithium-ion battery recycling market.
Global Lithium-Ion Battery Recycling Market - Key Trends & Drivers Summarized
Lithium-ion battery recycling is a rapidly evolving industry driven by the increasing use of lithium-ion batteries in various applications, including electric vehicles, portable electronics, and renewable energy storage. These batteries are preferred due to their high energy density, long cycle life, and efficiency. However, the growing volume of spent lithium-ion batteries poses significant environmental and resource management challenges. Recycling these batteries not only mitigates environmental risks associated with improper disposal but also recovers valuable materials such as lithium, cobalt, nickel, and manganese, which can be reused in the production of new batteries, thereby reducing the demand for virgin raw materials.The process of recycling lithium-ion batteries involves several steps, including collection, discharging, dismantling, and material recovery. Advanced recycling methods such as hydrometallurgical and pyrometallurgical processes are employed to extract valuable metals from the battery components. Innovations in direct recycling, which preserves the cathode materials' structure for reuse, are also gaining traction. Regulatory frameworks and industry standards are being established to ensure the safe and efficient handling and processing of spent batteries. Companies and governments are investing in recycling infrastructure and technologies to address the growing volume of end-of-life batteries and promote a circular economy.
The growth in the lithium-ion battery recycling market is driven by several factors. Firstly, the rising adoption of electric vehicles and renewable energy systems is leading to an increased generation of spent lithium-ion batteries. Secondly, stringent environmental regulations and policies promoting sustainable waste management are encouraging the development of efficient recycling solutions. Thirdly, advancements in recycling technologies are improving the recovery rates and economic feasibility of extracting valuable materials from spent batteries. Additionally, the growing awareness of resource conservation and the need to reduce dependency on mined raw materials are driving the demand for recycled battery materials. Furthermore, significant investments by industry players and governments in recycling infrastructure and research and development are supporting the expansion of the lithium-ion battery recycling market.
Scope of the Study
The report analyzes the Lithium-Ion Battery Recycling market, presented in terms of market value (US$ Thousand). The analysis covers the key segments and geographic regions outlined below.Segments:
Battery Chemistry (Lithium-Nickel Manganese Cobalt (Li-NMC), Lithium-Iron Phosphate (LFP), Lithium-Manganese Oxide (LMO), Other Battery Chemistries); End-Use (Automotive, Non-Automotive).Geographic Regions/Countries:
World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia-Pacific; Australia; India; South Korea; Rest of Asia-Pacific; Latin America; Argentina; Brazil; Mexico; Rest of Latin America; Middle East; Iran; Israel; Saudi Arabia; UAE; Rest of Middle East; Africa.Key Insights:
- Market Growth: Understand the significant growth trajectory of the Lithium-Nickel Manganese Cobalt (Li-NMC) Battery Recycling segment, which is expected to reach US$15.1 Billion by 2030 with a CAGR of a 23.3%. The Lithium-Iron Phosphate (LFP) Battery Recycling segment is also set to grow at 19.9% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, valued at $1.5 Billion in 2024, and China, forecasted to grow at an impressive 26.3% CAGR to reach $7.6 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Amit Industries Ltd. (Amicell), American Manganese, Inc., Attero, Accurec Recycling GmbH, Aqua Metals, Inc. and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Lithium-Ion Battery Recycling Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Lithium-Ion Battery Recycling Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Lithium-Ion Battery Recycling Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Some of the 69 major companies featured in this Lithium-Ion Battery Recycling market report include:
- Amit Industries Ltd. (Amicell)
- American Manganese, Inc.
- Attero
- Accurec Recycling GmbH
- Aqua Metals, Inc.
- Call2Recycle, Inc.
- Blue Star Recyclers
- A Better Way Computer Recycling, LLC
- A3 Aprofitament Assessorament Ambiental
- Akkuser Oy
- Anhua Taisen Recycling Technology Co. Ltd.
- ARCA Recycling, Inc.
- Battronics AG
- Bodawerk
- 4R Energy Corporation
Table of Contents
I. METHODOLOGYMII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISCANADAJAPANCHINAFRANCEGERMANYITALYUNITED KINGDOMSPAINRUSSIAREST OF EUROPEAUSTRALIAINDIASOUTH KOREAREST OF ASIA-PACIFICLATIN AMERICAARGENTINABRAZILMEXICOREST OF LATIN AMERICAMIDDLE EASTAFRICAIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
EUROPE
ASIA-PACIFIC
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Amit Industries Ltd. (Amicell)
- American Manganese, Inc.
- Attero
- Accurec Recycling GmbH
- Aqua Metals, Inc.
- Call2Recycle, Inc.
- Blue Star Recyclers
- A Better Way Computer Recycling, LLC
- A3 Aprofitament Assessorament Ambiental
- Akkuser Oy
- Anhua Taisen Recycling Technology Co. Ltd.
- ARCA Recycling, Inc.
- Battronics AG
- Bodawerk
- 4R Energy Corporation
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 419 |
| Published | February 2025 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value ( USD | $ 7.3 Billion |
| Forecasted Market Value ( USD | $ 23.9 Billion |
| Compound Annual Growth Rate | 21.9% |
| Regions Covered | Global |
