Lithium-ion Battery Recycling Market Forecast Focused on Automotive and Non-Automotive Applications

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 system that functions through the transfer of lithium ions between the anode and cathode. Recognized for its high energy density, lightweight construction, and long operational lifespan, LIB technology is extensively deployed across sectors including electric vehicles, consumer electronics, and energy storage systems. The recycling of lithium-ion batteries entails the systematic collection and processing of spent cells to recover valuable raw materials such as lithium, cobalt, nickel, copper, and manganese.

Recovery is accomplished through established processes including hydrometallurgical, pyrometallurgical, and direct recycling methods. These reclaimed materials are then reintegrated into the production of new batteries, supporting sustainability, regulatory compliance, and reduced dependence on primary raw material extraction. Consequently, lithium-ion battery recycling is integral to advancing circular economy practices and ensuring the long-term sustainability 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 (LIB) recycling market is witnessing substantial growth, driven primarily by the accelerated adoption of electric vehicles (EVs), the increasing deployment of batteries in consumer electronics and energy storage applications, and the critical need to recover valuable materials such as lithium, cobalt, and nickel. Recovery of these metals is essential for maintaining supply chain stability and reducing reliance on primary extraction.

Moreover, stringent environmental regulations and global sustainability targets are encouraging the widespread implementation of recycling practices. Technological advancements in recycling methodologies are improving both efficiency and scalability, further supporting market expansion. The growing focus on circular economy initiatives and corporate sustainability commitments is also accelerating the development of the sector.

Challenges:
Despite its growth prospects, the lithium-ion battery recycling industry faces several challenges. The lack of standardization in battery design complicates sorting and processing operations, resulting in higher labor and operational costs. Economic feasibility is further constrained by elevated processing expenses and volatility in the prices of recovered materials.

Additionally, underdeveloped infrastructure and inefficient logistics impede large-scale collection and recycling initiatives. Safety concerns, including risks of fire, thermal runaway, and the release of hazardous substances during processing, add further operational complexity and regulatory compliance burdens.

Regional Trends:
North America is positioned as a leading region in the global lithium-ion battery recycling market, supported by advanced technological capabilities, significant investment activity, and favorable policy frameworks. The region is at the forefront of developing sophisticated hydrometallurgical recycling techniques that achieve high recovery rates for critical metals.

Prominent industry participants, including Li-Cycle, Retriev Technologies, and American Zinc Recycling, are expanding domestic recycling infrastructure. Government incentives, research funding, and regulatory support further strengthen the region's capacity. With the increasing volume 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 rising 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.