Global Battery Recycling Market to Reach USD 32.7 Billion by 2033 | IMARC Group

November 06, 2024 | Chemical & Materials

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Global Battery Recycling Market Statistics, Outlook and Regional Analysis 2025-2033

The global battery recycling market size was valued at USD 16.8 Billion in 2024, and it is expected to reach USD 32.7 Billion by 2033, exhibiting a growth rate (CAGR) of 6.88% from 2025 to 2033.

Battery Recycling Market

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The battery recycling market growth is driven by a rising emphasis on sustainable recycling technologies and the efficient recovery of valuable materials. Also, there is a growing trend toward developing compact, efficient, and localized battery recycling solutions as industries worldwide aim to reduce environmental impact and maximize resource efficiency. For instance, the University of Graz’s launched “Protect LiB" in September 2024, an on-site, container-sized recycling prototype focused on recovering lithium, cobalt, and nickel from automotive lithium-ion batteries without the use of heat. Moreover, this innovative system minimizes hazards and transportation costs, setting a precedent for future recycling systems designed to operate directly at the point of battery collection or disposal and promoting sustainable practices. In contrast, large-scale battery recycling facilities are becoming useful to support the burgeoning electric vehicle (EV) market, particularly in regions like Europe, where regulatory frameworks increasingly demand responsible resource management. For instance, in October 2024, SK tes opened a substantial battery recycling plant in Rotterdam, Netherlands. With a capacity to process 10,000 tons of lithium-ion batteries annually, the facility supports Europe’s sustainable battery ecosystem, handling waste from 40,000 EVs with advanced metal recovery and high-speed discharge technology.

Meanwhile, North America is also experiencing substantial advancements in battery recycling capabilities with a focus on cutting-edge technology. In April 2024, Green Li-ion launched North America’s first commercial-scale battery recycling plant in Atoka, Oklahoma. The facility employs GREEN HYDROREJUVENATION technology to process unsorted black mass and produce high-purity battery-grade materials, achieving up to 99% purity while reducing greenhouse gas emissions by 90%. This launch marks a significant milestone in the region’s efforts to domestically close the battery recycling loop, reducing dependence on overseas processing. Consequently, these regional advancements underscore a global trend toward sustainable, efficient, and locally focused battery recycling solutions, driven by the need to meet the expanding demands of the electric vehicle and energy storage markets.

Global Battery Recycling Market Statistics, By Region

The market research report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Europe leads the battery recycling market, driven by stringent environmental regulations and a strong focus on sustainable technologies.

North America Battery Recycling Market Trends:

In North America, growing environmental regulations are driving advanced recycling technologies, emphasizing lithium-ion battery recovery for electric vehicles. For example, companies like Redwood Materials are innovating methods to maximize material recovery, aligning with sustainability goals and EV production. This trend supports a circular economy approach by recapturing lithium, cobalt, and nickel, helping the North America’s manufacturers secure raw material supply chains domestically.

Asia Pacific Battery Recycling Market Trends:

Asia Pacific battery recycling market is fueled by surging electric vehicle adoption and government incentives, particularly in China and India. For example, China's policy mandates recycling, which has led companies like GEM to implement large-scale recycling processes. This trend is crucial in addressing battery waste and sustaining the region’s high demand for battery materials, mitigating supply risks for lithium and cobalt.

Europe Battery Recycling Market Trends:

The region's commitment to reducing carbon emissions has spurred substantial investments in advanced recycling facilities. In October 2024, Mercedes-Benz launched Europe's first in-house EV battery recycling plant in Kuppenheim, Germany. This facility, which operates on green electricity, achieves a 96% material recovery rate through a mechanical-hydrometallurgical process, recycling 2,500 tonnes annually to produce 50,000 battery modules. Also, Europe's established infrastructure, government incentives, and technological advancements position it as a leader in the global battery recycling landscape, supporting the transition to a circular economy.

Latin America Battery Recycling Market Trends:

Latin America is seeing growth in battery recycling due to the rising electronic waste management awareness and policies targeting sustainable practices. For instance, Brazil's new regulations encourage recycling to reduce landfill impact. Companies are establishing regional facilities for battery recovery, focusing on lead-acid batteries primarily, which promotes local jobs and environmentally safe disposal practices in an emerging market for battery sustainability.

Middle East and Africa Battery Recycling Market Trends:

In the Middle East and Africa, battery recycling is gaining momentum through initiatives focused on reducing environmental hazards from improper disposal. For example, South Africa’s recycling programs target automotive and industrial lead-acid batteries. This trend, supported by government and private partnerships, addresses the dual challenge of environmental impact and scarce local recycling infrastructure, fostering a more sustainable energy landscape.

Top Companies Leading in the Battery Recycling Industry

Some of the leading battery recycling market companies include Accurec Recycling GmbH, Aqua Metals, Battery Solutions, Call2recycle Inc., Eco-Bat Technologies, Enersys, Exide Technologies, G. & P. Batteries Limited, Gravita India Limited, Johnson Controls, Retriev Technologies Inc., and Umicore, among many others. In January 2023, Aqua Metals, Inc., a leader in clean lithium-ion battery recycling, announced the completion of due diligence on a property in Tahoe-Reno. It plans for the phased development of a five-acre recycling campus designed to process more than 20 million pounds of lithium-ion battery material annually with its Li AquaRefining technology.

Global Battery Recycling Market Segmentation Coverage

On the basis of the type, the market has been bifurcated into lead-acid batteries, nickel-based batteries, lithium-based batteries, and others, wherein lead-acid batteries represent the most preferred segment. They are utilized for backup power supply in telecommunication and other critical infrastructures, mainly due to economic and environmental motivations.
Based on the source, the market is categorized into industrial, automotive, consumer products, electronic appliances, and others. Among these, industrial exhibit a clear dominance in the market. It caters to manufacturing industries, telecommunication industries, energy storage systems, and uninterruptible power supply units that require large-scale battery deployments to ensure operational efficiency and reliability.
On the basis of the end use, the market has been divided into reuse, repackaging, extraction, and others. The shift towards a more circular and effective recycling ecosystem is propelling the growth of this segment.
Based on the material, the market is bifurcated into manganese, iron, lithium, nickel, cobalt, lead, aluminium, and others. The technology enhances the quality of the raw materials recovered, thereby augmenting the growth of the segment.

Report Features	Details
Market Size in 2024	USD 16.8 Billion
Market Forecast in 2033	USD 32.7 Billion
Market Growth Rate (2025-2033)	6.88%
Units	Billion USD
Scope of the Report	Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment: Type Source End-Use Material Region
Types Covered	Lead-acid Batteries, Nickel-based Batteries, Lithium-based Batteries, Others
Sources Covered	Industrial, Automotive, Consumer Products, Electronic Appliances, Others
End-Uses Covered	Reuse, Repackaging, Extraction, Others
Materials Covered	Manganese, Iron, Lithium, Nickel, Cobalt, Lead, Aluminium, Others
Regions Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered	United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered	Accurec Recycling GmbH, Aqua Metals, Battery Solutions, Call2Recycle Inc., Eco-Bat Technologies, Enersys, Exide Technologies, G. & P. Batteries Limited, Gravita India Limited, Johnson Controls, Retriev Technologies Inc., Umicore, etc.
Customization Scope	10% Free Customization
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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Global Battery Recycling Market to Reach USD 32.7 Billion by 2033 | IMARC Group

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