Lithium-ion Battery Recycling Market Accelerates Sustainability in EV and Energy Storage Sectors

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Lithium-ion Battery Recycling Market Size, Share & Trends Analysis Report By Battery Chemistry (Lithium Nickel Manganese Cobalt, Lithium Iron Phosphate, Lithium Manganese Oxide, Lithium Titanate Oxide, Lithium Nickel Cobalt Aluminum Oxide), Source (Automotive, Non-automotive), Recycling Process (Hydrometallurgical, Pyrometallurgical, Physical/Mechanical), Battery Component (Active Material, Non-Active Material) - Market Outlook And Industry Analysis 2034"

The Global Lithium-ion Battery Recycling Market is valued at US$ 16.0 Bn in 2024 and is expected to reach US$ 77.6 Bn by 2034, with a CAGR of 17.2% during the forecast period of 2025-2034.

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A lithium-ion battery (LIB) is a rechargeable electrochemical energy storage device that operates by facilitating the movement of lithium ions between the cathode and anode. Renowned for its high energy density, lightweight design, and extended cycle life, LIB technology is widely utilized across various sectors. The recycling of lithium-ion batteries involves the systematic collection and processing of spent batteries to recover critical raw materials such as lithium, cobalt, nickel, copper, and manganese.

This recovery is achieved through established methodologies including hydrometallurgy, pyrometallurgy, and direct recycling techniques. The reclaimed materials are subsequently reintegrated into the production of new batteries for applications in electric vehicles, consumer electronics, energy storage systems, and other industrial uses. Lithium-ion battery recycling supports the sustainable management of finite resources, ensures regulatory compliance, and reduces reliance on raw material extraction, thereby playing a vital role in advancing circular economy initiatives and the long-term viability of clean energy technologies.

List of Prominent Players in the Lithium-ion Battery Recycling Market:
• Accurec Recycling Gmbh
• Akkuser Oy
• American Battery Technology Company
• American Manganese Inc.
• American Zinc Recycling
• Batrec Industrie Ag
• Battery Recycling Made Easy (Brme)
• Duesenfeld Gmbh
• Ecobat
• Envirostream Australia Pty Ltd
• Euro Dieuze Industrie (E.D.I.)
• Fortum Corporation
• Ganfeng Lithium Co., Ltd
• Gem Co., Ltd
• Glencore International Ag
• Li-Cycle Corp
• Lithion Recycling Inc.
• Metal Conversion Technologies (Mct)
• Neometals Ltd
• Onto Technology Llc
• Raw Materials Company (Rmc)
• Redwood Materials, Inc.
• Retriev Technologies Inc
• Sitrasa
• Tata Chemicals Limited
• Umicore
• Urecycle Group Oy

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Market Dynamics
Drivers:
The lithium-ion battery recycling market is experiencing significant growth, primarily driven by the increasing adoption of electric vehicles (EVs), expanding use of batteries in consumer electronics and energy storage systems, and the rising need to recover critical raw materials such as lithium, cobalt, and nickel. These materials are essential for ensuring supply chain stability and reducing dependency on primary resource extraction. In addition, stringent environmental regulations and global sustainability objectives are fostering the adoption of recycling practices. Technological advancements in recycling processes are also enhancing efficiency and scalability, further contributing to market expansion. The growing emphasis on circular economy principles and corporate sustainability commitments is accelerating the sector's development.

Challenges:
Despite its growth potential, the lithium-ion battery recycling market faces several challenges. A major barrier is the lack of standardization in battery design, which complicates the sorting and processing stages, leading to increased labor and operational costs. The economic viability of recycling remains constrained by high processing expenses and fluctuating market prices for recovered materials. Additionally, underdeveloped infrastructure and inefficient logistics hinder large-scale collection and recycling efforts. Safety concerns, including risks of fire, thermal runaway, and the release of toxic substances during recycling, further add to operational complexity and regulatory compliance burdens.

Regional Trends:
North America holds a leading position in the global lithium-ion battery recycling market, driven by robust technological innovation, substantial investment activity, and supportive policy frameworks. The region is at the forefront of developing advanced hydrometallurgical recycling methods that offer high recovery rates for valuable metals. Key industry players such as Li-Cycle, Retriev Technologies, and American Zinc Recycling are contributing to the growth of domestic recycling capabilities. Government incentives, including funding and research initiatives, are further strengthening the region's infrastructure. With rising volumes of end-of-life batteries from electric vehicles and consumer electronics, particularly in the United States, North America is rapidly scaling its recycling operations to enhance supply chain resilience and meet increasing demand.

Recent Developments:
• In April 2025, American Battery Technology Company doubled recycled battery materials output in Q1 2025, marking a major step in scaling its proprietary recycling tech and advancing toward high-purity cathode-grade metal production.
• In April 2025, Ecobat successfully commissioned three lithium-ion battery recycling plants in Germany, the U.S., and the U.K. within a year, collectively processing up to 10,000 tons annually. These facilities focus on black mass production, advancing circular battery economy goals and reducing reliance on raw material mining.

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Segmentation of Trusted Platform Module Market-
By Battery Chemistry:
• Lithium Nickel Manganese Cobalt
• Lithium Iron Phosphate
• Lithium Manganese Oxide
• Lithium Titanate Oxide
• Lithium Nickel Cobalt Aluminum Oxide
By Source:
• Automotive
• Non-automotive
o Industrial
o Power
o Marine
o Consumer Electronics
o Other Sources
By Recycling Process:
• Hydrometallurgical
• Pyrometallurgical
• Physical/Mechanical
By Battery Component:
• Active Material
o Cathode/Positive
o Anode/Negative
• Non-Active Material
o Electrolyte
o Separator Materials
o Other Material
By Region-
North America-
• The US
• Canada
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Mexico
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of Middle East and Africa

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This release was published on openPR.