Press release
Battery Recycling Market is Projected to Reach USD 71.3 Billion in 2035
Battery Recycling Market is Projected to Reach USD 71.3 Billion in 2035
MarketGenics, a leading authority in circular-economy and battery-materials intelligence, announced new findings on the Battery Recycling Market, highlighting rapid scale-up of recycling capacity, strategic automaker-recycler partnerships, and regulatory mandates that are accelerating material recovery across regions.
The market insights emphasise the central role of recycling and second-life reuse in securing critical battery raw materials (lithium, cobalt, nickel, graphite, rare-earth magnets) while reducing environmental impact and supply-chain risk for the EV and stationary storage industries.
Get the complete market breakdown - statistics, insights, and future outlook: https://marketgenics.co/reports/battery-recycling-market-88294
Recent Investment
In June 2025, Redwood Materials unveiled its Redwood Energy division and commissioned the largest second-life microgrid - a 12 MW / 63 MWh system powering an AI data-centre - marking a strategic pivot from pure recycling to energy-value reuse of retired EV batteries.
Strategic Partnership
In July 2025, BatX Energies (India) partnered with Germany's Rocklink GmbH to launch India's first integrated rare-earth magnet recycling and refining hub under the EU-India cooperation framework - expanding recycling scope beyond lithium-ion chemistries.
Policy & Regulatory Momentum
Tighter rules such as the EU Batteries Regulation (EU 2023/1542) - with mandatory recycled-content and high material recovery targets phased through 2027-2031 - are forcing OEMs and pack makers to integrate recycling and traceability into product design and procurement strategies.
To know more about the Battery Recycling Market - Download our Sample Report from MarketGenics: https://marketgenics.co/download-report-sample/battery-recycling-market-88294
Battery Recycling Market Forecast 2035
According to the report, the global Battery Recycling Market is projected to grow from USD 27.1 Billion in 2025 to USD 71.3 Billion in 2035, recording a CAGR of 9.2%.
The automotive batteries segment dominates the market (~84% share in 2025) driven by the accelerating retirement of EV packs and the high material value they contain.
Asia Pacific leads the market with 58.2% share (≈ USD 15.8 Billion in 2025), supported by large battery manufacturing volumes, growing EV fleets and rising shred/manufacturing-shred feedstocks.
Key Driver, Restraint, and Growth Opportunity Shaping the Global Battery Recycling Market
Driver: Exponential growth of EV deployments and the resulting wave of end-of-life batteries is creating feedstock scale that makes mass recycling economically viable and strategically necessary.
Restraint: Technical complexity and economics of recycling evolving chemistries (e.g., LFP, solid-state) make some streams (LFP) less attractive to current hydrometallurgical/pyro processes.
Opportunity: Closed-loop partnerships between automakers and recyclers (on-site recycling, contract recycling, and second-life repurposing) secure critical materials and reduce exposure to mining geopolitics.
Expansion of Global Battery Recycling Market
"Automotive Decommissioning, Regulation and Second-Life Reuse Drive Market Acceleration"
Automaker-Recycler Alliances: Examples like Ford-Li-Cycle and GM-industry initiatives show OEMs pursuing long-term contracts for material recovery and domestic supply security.
Second-life Systems: Firms such as Redwood are commercialising second-life microgrids and stationary storage deployments to extract additional value before material recovery.
Technology Mix: Mechanical pre-processing + hydrometallurgy and emerging direct/closed-loop methods are converging to improve yields, lower energy intensity and expand economically-viable feedstocks.
Get the Detailed Industry Analysis (including the Table of Contents, List of Figures, and List of Tables) - from the Battery Recycling Market Research Report: https://marketgenics.co/press-releases/battery-recycling-market-88294
Regional Analysis of Global Battery Recycling Market
Asia Pacific: Market leader (58.2% in 2025) - driven by China, South Korea, Japan and rising hubs in Southeast Asia and India where manufacturing shred and EoL flows are concentrated.
Europe: Regulation-led growth (Batteries Regulation) with strong investments in high-efficiency hydrometallurgical and direct-recycling pilots.
North America: Scaling commercial recycling projects (Redwood, Li-Cycle) and growing second-life deployments to support domestic battery supply chains.
Middle East & Africa: Early stage - niche projects and pilot programs focused on collection and regulatory frameworks.
South America: Developing collection and refinement capabilities linked to mining and smelting ecosystems.
Segment Snapshot
Recycling Technologies: Mechanical/physical preprocessing; pyrometallurgical smelting; hydrometallurgical leaching & refinement; direct/closed-loop processes; hybrid techniques.
Materials Recovered: Lead, lithium, cobalt, nickel, graphite, manganese, plastics, electrolyte fluids and rare-earth magnets.
Source / Battery Type: Automotive (EV) batteries dominate feedstock economics; growing streams from ESS (stationary) and consumer electronics follow.
Prominent Players
Umicore, Glencore, Redwood Materials, Li-Cycle Holdings, American Battery Technology Company, Fortum, BatX Energies, RecycLiCo, Altilium, and Other Key Players.
Notable Developments & Strategic Overview
Altilium (UK) began full-scale operation at EcoCathode in Devon (2025) reporting up to 97% lithium and 99% graphite recovery from LFP/NMC feeds - a breakthrough for high-yield recovery from low-value chemistries.
Ford-Li-Cycle (2025) multi-year contracts for on-site shred recovery at BlueOval Battery Park exemplify OEM verticalisation to close the materials loop.
Redwood Energy (2025) demonstrates the commercial potential of second-life repurposing at scale, reducing lifecycle costs before final material recovery.
About Us
MarketGenics is a global market research and management consulting company empowering decision makers across healthcare, technology, and policy domains. Our mission is to deliver granular market intelligence combined with strategic foresight to accelerate sustainable growth.
We support clients across strategy development, product innovation, healthcare infrastructure, and digital transformation.
Contact:
Mr. Debashish Roy
MarketGenics India Pvt. Ltd.
800 N King Street, Suite 304 #4208, Wilmington, DE 19801, United States
USA: +1 (302) 303-2617
Email: sales@marketgenics.co
Website: https://marketgenics.co
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