
Battery Recycling Market To Reach $19.8 Billion Globally By 2030
Report Metric | Details |
Base year considered | 2024 |
Forecast period considered | 2025-2030 |
Base year market size | $11.9 billion |
Market size forecast | $19.8 billion |
Growth rate | CAGR of 9.2% for the forecast period of 2025-2030 |
Segments covered | Chemistry, Source, Process, Application, and Region |
Regions covered | North America, Europe, Asia-Pacific, South America, and the Middle East and Africa |
Countries covered | U.S., Canada, Mexico, Germany, U.K., France, Belgium, China, Japan, India, South Korea, Brazil, Argentina, Saudi Arabia, and South Africa |
Market Drivers |
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Interesting facts:
- Asia-Pacific, Europe and North America together account for more than 85% of the battery recycling maket. The top battery recycling countries are China and the U.S.
- Recycled cobalt and nickel are now 30% to 40% less expensive than virgin metals.
Emerging startups:
- Metastable Materials: Metastable provides end-to-end waste management services for lithium-ion batteries. The company's integrated carbothermal reduction technology can perform end-to-end recycling of Li-ion batteries.
- Duesenfeld: Duesenfeld is engaged in lithium-ion batteries recycling and has developed processes that do not require the usual melting or heating of the battery modules at the beginning. The patented Duesenfeld recycling process allows for the recovery of the electrolyte without impurities.
The report addresses the following questions:
What are the projected size and growth rate of the market?- The battery recycling market was valued at $11.9 billion in 2024 and is projected to reach $19.8 billion by the end of 2030, at a CAGR 9.2% for the forecast period 2025-2030.
- Scarcity of rare earth elements. Growth in consumer electronics, EVs and data center. Declining prices of lithium-ion batteries. Strict emission regulation and growth of the EV battery market.
- Safety concerns in battery recycling. Rise in battery reuse.
- The global battery recycling market is segmented into chemistry, source, process and application. The chemistry segment is further segmented into lead-acid, lithium-ion, nickel and others. The source segment is sub-segmented into automotive, industrial and consumer and electronic appliances. The process segment is sub-segmented into hydrometallurgical, pyrometallurgical and direct recycling. The application segment is sub-segmented into battery re-manufacturing, metal refining and others.
- Lead-acid dominates the chemistry segment.
- Asia-Pacific has the largest market share in the market due to strict government regulations towards environmental pollution and China's strategic position in the global EV and EV battery market.
Market leaders include:
- ACCUREC-RECYCLING GMBH ACE GREEN RECYCLING INC. AMERICAN BATTERY TECHNOLOGY CO. AQUA METALS INC. ATTERO ECOBAT ENERSYS FORTUM GOPHER RESOURCE GRAVITA INDIA LTD. GUANGDONG BRUNP RECYCLING TECHNOLOGY CO. LTD. LITHION TECHNOLOGIES LOHUM REDWOOD MATERIALS INC. VEOLIA
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