Circular Economy in Battery Recycling Industry Sector Boosts Circular Economy & ESG Initiatives Reshape the Sector | Global Companies - Accurec Recycling, American Manganese Inc., Recylex, Retriev Technologies, Ganfeng Lithium Recycling

Circular Economy in Battery Recycling Market reached US$ 26.54 billion in 2024 and is expected to reach US$ 56.07 billion by 2032, growing with a CAGR of 9.80% during the forecast period 2025-2032

DataM Intelligence has published a new research report on "Circular Economy in Battery Recycling Market Size 2025". The report explores comprehensive and insightful Information about various key factors like Regional Growth, Segmentation, CAGR, Business Revenue Status of Top Key Players and Drivers. The purpose of this report is to provide a telescopic view of the current market size by value and volume, opportunities, and development status.

These trends reflect a growing move toward urban mining, where metals are recovered from discarded electronic devices at significantly lower costs-urban-mined copper is priced at $3,000 per ton, compared to $5,500 per ton from traditional virgin mining.

Similarly, urban-mined aluminum is approximately 33% cheaper than conventional extraction. Closed-loop recycling is projected to meet 45.1%-59.3% of annual cobalt demand by 2039.

Producing new lithium-ion batteries from raw materials consumes up to 36 MJ/kg for lithium iron phosphate cathodes and emits ~4.8 kg CO2/kg. Recycling cuts energy use ninefold, lowers emissions to 2.4 kg CO2/kg, and allows up to 95% of critical materials to be reused, reducing mining reliance. Human toxicity impacts also drop-carcinogenic effects by 14% and non-carcinogenic by 22%. Recycled cobalt is expected to reach 11.5 kt in 2023 and grow 16× by 2040.

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Latest Mergers & Acquisitions (M&A)

In December 2024, Ace Green Recycling, a leader in sustainable battery recycling technology, merged with Athena Technology Acquisition Corp. II, a SPAC, valuing Ace at $250 million. This deal aims to accelerate the development of a flagship recycling plant in Texas, expected to close in the first half of 2025.​

OEMs and recyclers are forging partnerships to create closed-loop supply chains, such as Volkswagen Group UK expanding its collaboration with Ecobat to recycle EV batteries, supporting circular energy economies and supply security.​

Private equity and industrial firms are actively acquiring or investing in companies with advanced hydrometallurgical and direct recycling technologies to improve material recovery efficiencies and market reach.

Key Players:

Umicore, Li-Cycle, Redwood Materials, Accurec Recycling, American Manganese Inc., Recylex, Retriev Technologies, Ganfeng Lithium Recycling, AEA Technology, Glencore

Key Development:

In November 2024, BMW announced a pan-European partnership with SK tes, a leading provider of innovative technology lifecycle solutions. The collaboration leverages a special recycling process that recovers cobalt, nickel, and lithium from used batteries, reintegrating them into the production of new batteries. This closed-loop system is planned to expand to the US-Mexico-Canada region by 2026.

Growth Forecast Projected:

The Global Circular Economy in Battery Recycling Market is anticipated to rise at a considerable rate during the forecast period, between 2025 and 2032. In 2024, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

Research Process:

Both primary and secondary data sources have been used in the global Circular Economy in Battery Recycling Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

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Key Segments:

By Battery Type: Lithium‐ion, Lead‐acid, Nickel‐metal hydride, Others

By Recycling Process: Mechanical & pyrometallurgical, Hydrometallurgical, Direct recycling

By Application: Electric vehicles (EVs), Consumer electronics, Industrial & stationary energy storage, Others

Regional Analysis for Market:

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

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Investments

The battery recycling market is valued at around $12.8 billion in 2025 and is projected to nearly double by 2030, growing at a CAGR of approximately 9.2-10.5%.​

Investments focus on scaling gigafactories, expanding recycling capacity, and developing AI-driven robotic sorting and tracking systems to improve efficiency and purity of recovered lithium, cobalt, nickel, and other critical minerals.​

Governments worldwide, notably in the EU, US, and India, are funding incentives and infrastructure to boost recycling rates. India's National Critical Mineral Mission includes a Rs 15 billion incentive scheme to support lithium-ion battery recycling capacity building from 2025 to 2031.​

Digital battery passports and mandatory recycling targets under EU regulations will drive further investments in tracking and process transparency.

Benefits of the Report:

Chapter 1: Sets the stage by outlining the report's coverage, summarizing key market segments by region, product type, and application. Presents a snapshot of market sizes, growth potential across segments, and anticipated industry evolution both short and long term.

Chapter 2: Highlights pivotal market insights and uncovers the most significant emerging trends driving change within the industry.

Chapter 3: Offers an in-depth look at the competitive landscape among Circular Economy in Battery Recycling producers, including revenue shares, strategic moves, and recent mergers and acquisitions.

Chapter 4: Presents comprehensive profiles of the market's key players, delving into details such as revenue, profit margins, product portfolios, and company milestones.

Chapters 5 & 6: Analyze Circular Economy in Battery Recycling revenue at both regional and country levels, providing quantitative breakdowns of market sizes, growth opportunities, and development prospects worldwide.

Chapter 7: Focuses on different market segments by type, examining their individual sizes and potential, guiding readers toward high-impact, untapped market areas.

Chapter 8: Explores segmentation by application, evaluating industry growth potential in various downstream markets and pinpointing promising sectors for expansion.

Chapter 9: Provides a thorough review of the industry's supply chain mapping out both upstream and downstream activities.

Chapter 10: Concludes with a summary of the report's key findings and highlights the most critical takeaways for industry stakeholders.

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FAQ's

Q: How fast is the Circular Economy in Battery Recycling Market growing?

A: The Market is on an impressive growth trajectory, expected to expand at a CAGR of 9.80% from 2025 to 2032

Latest News

The EU introduced new rules effective July 2025 mandating recycling efficiency and material recovery rates for batteries, boosting high-quality recycling and secondary raw material markets.​

Major recycling firms report pilot successes with automated AI sorting and direct recycling that reduce costs and environmental impact compared to traditional pyrometallurgical methods.​

The Biden administration backed projects combining battery recycling with domestic critical minerals production as part of broader clean energy supply chain resilience policies.​

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