The Global Lithium-Ion Battery Recycling Market is expected to grow at a compound annual growth rate (CAGR) of 15.08% from US$1.45 billion in 2025 to US$2.94 billion in 2030.
The global lithium-ion (Li-ion) battery recycling market is driven by the growing electric vehicle (EV) and electronics market, adding to the volume of used lithium-ion batteries. The rising regulatory pressure and environmental consciousness for sustainable disposal of used lithium-ion batteries and the demand for efficient recycling solutions to recover valuable materials are driving this market expansion. Advancements in the recycling technology of lithium-ion are also propelling this market’s growth.
The global lithium-ion (Li-ion) battery recycling market is driven by the growing electric vehicle (EV) and electronics market, adding to the volume of used lithium-ion batteries. The rising regulatory pressure and environmental consciousness for sustainable disposal of used lithium-ion batteries and the demand for efficient recycling solutions to recover valuable materials are driving this market expansion. Advancements in the recycling technology of lithium-ion are also propelling this market’s growth.
Market Trends:
- Expanding Electric Vehicle and Electronics Sectors: A key driver of the lithium-ion (Li-Ion) battery recycling market is the global emphasis on electric vehicle (EV) manufacturing and adoption. According to the International Energy Agency (IEA) Global EV Outlook 2024 report, global electric car sales hit 14 million in 2023, marking a 35% year-on-year increase and a sixfold rise compared to 2018. This surge in EV sales is accelerating the demand for lithium-ion batteries, thereby boosting the need for efficient recycling solutions.
- Technological Advancements in Recycling: Researchers worldwide are focusing on enhancing the efficiency and economic viability of recycling processes. Significant investments in research and development, both from public and private sectors, are being directed toward improving existing lithium-ion battery recycling technologies.
- North America’s Market Leadership: North America is projected to capture a major share of the global lithium-ion battery recycling market. This growth is fueled by increasing government support for sustainable battery disposal and rising investments in recycling infrastructure.
- Europe’s Growing Role: Europe is also expected to hold a substantial share of the global Li-Ion battery recycling market. Governments in the region are prioritizing the development of advanced recycling infrastructure and technologies to promote sustainable resource use. The European Union, in particular, is taking proactive steps to recover valuable metals from used batteries, further driving the recycling of critical resources.
Key Benefits of this Report:
- Insightful Analysis: Gain detailed market insights covering major as well as emerging geographical regions, focusing on customer segments, government policies and socio-economic factors, consumer preferences, industry verticals, and other sub-segments.
- Competitive Landscape: Understand the strategic maneuvers employed by key players globally to understand possible market penetration with the correct strategy.
- Market Drivers & Future Trends: Explore the dynamic factors and pivotal market trends and how they will shape future market developments.
- Actionable Recommendations: Utilize the insights to exercise strategic decisions to uncover new business streams and revenues in a dynamic environment.
- Caters to a Wide Audience: Beneficial and cost-effective for startups, research institutions, consultants, SMEs, and large enterprises.
What can businesses use this report for?
Industry and Market Insights, Opportunity Assessment, Product Demand Forecasting, Market Entry Strategy, Geographical Expansion, Capital Investment Decisions, Regulatory Framework & Implications, New Product Development, Competitive Intelligence.Report Coverage:
- Historical data from 2022 to 2024 & forecast data from 2025 to 2030
- Growth Opportunities, Challenges, Supply Chain Outlook, Regulatory Framework, and Trend Analysis
- Competitive Positioning, Strategies, and Market Share Analysis
- Revenue Growth and Forecast Assessment of segments and regions including countries
- Company Profiling (Strategies, Products, Financial Information, and Key Developments among others)
Global Lithium-Ion Battery Recycling Market is analyzed into the following segments:
By Type
- Hydrometallurgy (chemical leaching)
- Pyrometallurgy (smelting)
- Others
By Chemistry
- Lithium-cobalt Oxide (LCO)
- Lithium-iron Phosphate (LFP)
- Nickel Manganese Cobalt Oxide (NMC)
- Others
By Recycling Process
- Physical/Mechanical
- Hydrometallurgical
- Pyrometallurgical
By Industry
- Automotive
- Consumer Electronics
- Communication and Technology
- Energy and Power
By Geography
- North America
- United States
- Canada
- Mexico
- South America
- Brazil
- Argentina
- Others
- Europe
- United Kingdom
- Germany
- France
- Spain
- Others
- Middle East and Africa
- Saudi Arabia
- UAE
- Israel
- Others
- Asia Pacific
- Japan
- China
- India
- South Korea
- Indonesia
- Thailand
- Others
Table of Contents
1. INTRODUCTION
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
5. GLOBAL LITHIUM-ION BATTERY RECYCLING MARKET BY TYPE
6. GLOBAL LITHIUM-ION BATTERY RECYCLING MARKET BY CHEMISTRY
7. GLOBAL LITHIUM-ION BATTERY RECYCLING MARKET BY RECYCLING PROCESS
8. GLOBAL LITHIUM-ION BATTERY RECYCLING MARKET BY INDUSTRY
10. COMPETITIVE ENVIRONMENT AND ANALYSIS
11. COMPANY PROFILES
Companies Mentioned
- Umicore N.V.
- Neometals Ltd.
- Li-Cycle Corp
- Duesenfeld GmbH
- Retriev Technologies
- SNAM
- Envirostream
- Jiangxi Ganfeng Lithium Co. Ltd.
- Fortum
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 140 |
| Published | February 2025 |
| Forecast Period | 2025 - 2030 |
| Estimated Market Value ( USD | $ 1.45 Billion |
| Forecasted Market Value ( USD | $ 2.94 Billion |
| Compound Annual Growth Rate | 15.0% |
| Regions Covered | Global |
| No. of Companies Mentioned | 9 |
