United States Lithium-ion Battery Recycling Market Growth Driven by EV Waste Management and Circular Economy | Key Players: Glencore, Raw Materials Company, Umicore, Neometals Ltd, American Manganese Inc., Retriev Technologies

Lithium-Ion Battery Recycling Market reached USD 6.1 billion in 2022 and is expected to reach USD 20.4 billion by 2031, growing with a CAGR of 22.3% during the forecast period 2024-2031.
The most recent report published by DataM Intelligence indicates that the "Lithium-ion Battery Recycling Market" is likely to accelerate significantly in the next few years. The Lithium-ion Battery Recycling Market report gives a purposeful depiction of the area by the practice for research, amalgamation, market size, overview, and review of data taken from various sources. The Lithium-ion Battery Recycling Market study includes information on market factors such as the market dynamics, drivers, restraints, challenges, threats, potential growth opportunities, market trends, development patterns, financial information, latest technologies, innovations, leading competitors, and regional analysis of the market.

Lithium-ion battery recycling recovers critical materials (Li, Co, Ni, Cu) from spent batteries using mechanical and chemical processes to feed circular supply chains for EVs and storage. The market is expanding with rising battery retirements and policy focus on domestic recovery. In the U.S., 2024-2025 activity includes new recycling facilities, public-private investment to scale hydrometallurgical processes, and regulatory incentives aimed at improving collection and feedstock quality.

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The list of Key Players Profiled in the study includes:- 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.

United States: Recent Industry Developments

📌 In 2025, Redwood Materials has expanded its "second-life batteries" business, converting EV batteries with residual capacity into modular microgrids rather than immediately recycling everything. Their first large deployment: a 12 MW / 63 MWh microgrid in Nevada which can power ~9,000 homes.

📌 Also in 2025, "Green Li-ion" opened a commercial-scale plant in Atoka, Oklahoma to process "black mass" (shredded battery waste) into battery-grade cathode precursor, lithium & anode materials-closing more of the EV battery lifecycle loop domestically.

Europe: Recent Industry Developments

📌 In 2024-2025, Europe's recycling capacities for lithium-ion batteries are rising sharply: projected to reach ~330,000 tonnes/year by end-2024

📌 By 2026, Europe is expected to have bespoke capacities of over 400,000 tonnes/year (for pretreatment, black mass, refinement) according to announced projects; many new plants in Germany, France, Netherlands are contributing.

📌 Under Europe's evolving Battery Regulation and mandate frameworks, there is strong push for Extended Producer Responsibility, higher recovery rates for lithium, cobalt, nickel; also growing investment in innovation (processes, automation, hydrometallurgy) to retrieve a larger share of materials.

Japan: Recent Industry Developments

📌 In March 2025, Panasonic Energy and Sumitomo Metal Mining launched a closed-loop recycling initiative in Osaka: recycling nickel from battery waste to be reused in new batteries (automotive), aiming to expand later to lithium and cobalt, targeting ~20% recycled cathode material content by 2030.

📌 In 2024, Mitsui & Co., together with VOLTA Inc. and Miracle Eternal, established "J-Cycle Inc." in Japan. This JV plans to start operations of a recycling plant in Ibaraki Prefecture in September 2024 to process black mass from end-of-life batteries and production waste.

📌 Also, Japan's Sumitomo Metal Mining is planning a Li-ion battery recycling plant in Ehime Prefecture by June 2026, with capacity to process ~6,000-7,000 tonnes/year of black mass (equivalent to batteries for ~60,000 EVs), and has already formed partnerships with domestic recyclers for supply chain/logistics.

Competitive Analysis:

The Lithium-ion Battery Recycling Market is expected to grow significantly over the forecast period between 2025 and 2032. In 2025, the Lithium-ion Battery Recycling Market will grow steadily, and with the increasing adoption of strategies by the major players; the research study is expected to rise above the forecast horizon. The competitive analysis focuses on key players and the innovations and business strategies undertaken by them. The report captures the best long-term growth opportunities for the industry and includes the latest process and product developments.

Market Dynamics:

✅Driver: Rising EV adoption and demand for critical mineral recovery fuel battery recycling.
✅Restraints: High recycling costs and limited infrastructure restrain widespread adoption.
✅Opportunities: Urban mining and closed-loop recycling create sustainable growth avenues.
✅Challenges: Safety risks, inconsistent collection, and technology inefficiencies remain hurdles.

Segmentation Analysis of the Market:

Global Lithium-ion Battery Recycling Market forecast report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market. Lithium-ion Battery Recycling Market, By Battery Chemistry (Lithium-Manganese Oxide, Lithium-Nickel Manganese Cobalt, Lithium-Iron Phosphate, Lithium-Titanate Oxide, Lithium-Nickel Cobalt Aluminum Oxide), By Technology (Hydrometallurgy Process, Pyrometallurgy Process, Mechanical Process, Others ), By End-User ( Automotive, Marine, Industrial, Power, Others)

Research Methodology:

- Primary Research: This method involves collecting new and original data for a specific purpose. Primary research is often conducted through surveys, interviews, focus groups, and observation. It enables researchers to obtain first-hand information directly from the target audience, which is especially useful when researching a new or emerging market.

- Secondary Research: This method involves analyzing and synthesizing existing data from various sources such as industry reports, government publications, academic research, and online databases. Secondary research can provide researchers with valuable insights into industry trends, consumer behavior, and Lithium-ion Battery Recycling market size and growth, without the need for extensive data collection.

Most research studies use a combination of both primary and secondary research methods to ensure comprehensive and accurate data analysis. The specific methodology used in a Lithium-ion Battery Recycling market research study will depend on various factors such as the research objectives, the target audience, and the available resources.

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Regional Outlook:

The following section of the report offers valuable insights into different regions and the key players operating within each of them. To assess the growth of a specific region or country, economic, social, environmental, technological, and political factors have been carefully considered. The section also provides readers with revenue and sales data for each region and country, gathered through comprehensive research. This information is intended to assist readers in determining the potential value of an investment in a particular region.

North America (U.S., Canada, Mexico)

Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)

Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)

South America (Brazil, Argentina, Rest of SA)

Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)

The analysis objectives of the report are:

- To determine the size of the Global Lithium-ion Battery Recycling Market by identifying its sub-segments.

- To research the key players and analyze their growth strategies.

- To assess the size and value of the Global Lithium-ion Battery Recycling Market based on key regions.

- To analyze the Global Lithium-ion Battery Recycling Market in terms of growth trends, potential, and participation in the overall sector.

- To investigate the Global Lithium-ion Battery Recycling Market size (volume and value) from the company, key regions/countries, goods and applications, and background data.

- Primary Global Lithium-ion Battery Recycling Market manufacturers to specify, clarify, and analyze the product sales volume, value, and market share, market rivalry landscape, SWOT analysis, and future development plans.

- To investigate market competitive developments such as market expansions, agreements, new product launches, and acquisitions.

Reasons to buy:

- Lithium-ion Battery Recycling Market Report segments the market based on economic and non-economic aspects and offers a qualitative and quantitative analysis of the market.

- Market value information is provided for each segment and sub-segment in the Lithium-ion Battery Recycling Market study.

- The region and market segment identified in this study are those predicted to expand the fastest and account for the majority of market shar

- The Lithium-ion Battery Recycling Market Analysis by Geography emphasizes the product or service's consumption in the area and identifies the market-affecting variables for each region.

- The major players' market rankings, as well as the recent partnerships, service/product launches, business expansions, and acquisitions of the companies profiled, are all included in the competitive landscape.

- Extensive company profiles for the top market players, including business overview, company insights, product benchmarking, and SWOT analysis.

- The industry's present and upcoming market outlook in consideration of recent changes, including growth possibilities and drivers as well as obstacles and restrictions in both developing and emerging regions.

- The Lithium-ion Battery Recycling Market offers comprehensive market analysis from a variety of angles using Porter's five forces analysis, as well as market insight using the Value Chain.

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The report answers a number of crucial questions, including:

- Which companies dominate the global Lithium-ion Battery Recycling market?

- What current trends will influence the market over the next few years?

- What are the market's opportunities, obstacles, and driving forces?

- What predictions for the future can help with strategic decision-making?

- What advantages does market research offer businesses?

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