Lithium-ion Battery Recycling Market Size, Demand, Analysis and Forecast Report 2023-2030

Lithium-ion Battery Recycling Market Overview
Recycling lithium-ion batteries is the process of gathering these batteries from a variety of sources, such as consumer, business, automotive, and electronic devices, and then using recycling techniques to recover the metals from the batteries. The revenue from the sale of these recovered metals or elements, whether it be used for additional battery recycling or other second-usage applications, is included in the estimation of the global market. The majority of recovered metals reportedly solely go toward making batteries.

Government laws, public awareness, and environmental safety are some of the factors that are anticipated to fuel the expansion of the lithium-ion battery recycling market globally. However, during the projected period, poor disassembly, inappropriate shredding, and improper separation of hazardous elements from batteries are anticipated to impede the growth of the lithium-ion battery recycling market.

Lithium-ion Battery Recycling Market Size and Growth Analysis
The Global Lithium-Ion Battery Recycling Market reached USD 6.1 billion in 2023 and is expected to reach USD 20.4 billion by 2030, growing with a CAGR of 22.3% during the forecast period 2023-2030.

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Lithium-ion Battery Recycling Market Dynamics
The International Energy Agency projects that by 2030, there will be 125 million electric cars on the road globally, up from 3 million at the current rate. Currently, only 2.6% of all cars sold worldwide and about 1% of all cars on the road are electric. However, when electric vehicles reach the end of their useful lives, recyclers face a major waste management challenge due to the growing quantity of these vehicles.

Industry projections state that by 2030, the world will manufacture 11 million metric tons of used Li-ion batteries annually. Many polymers, rare minerals, and metals are used in the batteries that power electric cars. Since raw materials like cobalt and lithium are hard to come by, most companies have started recycling lithium-ion batteries.

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Lithium-ion Battery Recycling Market Segmentation Analysis

By Battery Chemistry
By Technology
By End-User
By Region

Major Companies Covered
Glencore, Raw Materials Company, Umicore, Neometals Ltd, American Manganese Inc., Retriev Technologies, Li-Cycle Corp, SNAM (A subsidiary of Floridienne Group), TES and Duesenfeld GmbH.

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