Circular Economy in Battery Recycling Market Share Driven by EV Adoption and Sustainable Material Recovery | Valuates Reports

Circular Economy in Battery Recycling Market Size
The global market for Circular Economy in Battery Recycling was valued at US$ 24682 million in the year 2024 and is projected to reach a revised size of US$ 44119 million by 2031, growing at a CAGR of 9.0% during the forecast period.

View sample report
https://reports.valuates.com/request/sample/QYRE-Auto-39K19377/Global_Circular_Economy_in_Battery_Recycling_Market_Research_Report_2025

The Circular Economy in Battery Recycling Market is gaining strong traction as manufacturers, policymakers, and energy suppliers shift toward closed-loop systems to address resource scarcity and environmental goals. Growing demand for electric vehicles, rapid deployment of energy storage systems, and rising emphasis on responsible material sourcing are reshaping the market size and influencing market trends. This transition is boosting advanced recovery technologies and expanding the role of battery recycling in global sustainability frameworks.

In the type segment, lithium battery recycling currently holds the largest market share due to its widespread use across electric mobility, energy storage, and consumer electronics. Lithium-based systems generate high-value recoverable materials, making them a central driver of market growth. Lead-acid battery recycling continues to maintain a strong presence because of its established circular model in automotive and industrial applications, while other chemistries, including nickel-based and emerging solid-state formats, are contributing to expanding diversification within the market.

Across applications, the automobile segment dominates the market share, driven by accelerating EV adoption, OEM sustainability commitments, and stronger regulations for end-of-life battery handling. The energy storage segment is expanding rapidly as grid operators and renewable energy developers scale storage installations, prompting higher demand for efficient recycling pathways. The consumer electronics segment also contributes significantly, supported by extensive device usage and rising awareness of responsible disposal, while other industrial applications continue to grow steadily.

The competitive landscape is led by companies such as Umicore, Redwood Materials, Li-Cycle, Northvolt, GEM, Brunp Recycling, and Glencore, each leveraging proven recycling technologies and vertically integrated supply chains. These companies are strengthening their market share through strategic partnerships with automakers, closed-loop processing systems, and investments in high-purity material recovery. Firms such as Ascend Elements, Duesenfeld, Retriev Technologies, and RecycLiCo Battery Materials are also demonstrating rapid market growth by developing advanced hydrometallurgical and direct recycling approaches that enhance efficiency and reduce environmental impact.

Regionally, Europe leads the market share, supported by strong circular economy policies, robust EV production, and advanced recycling infrastructure. Asia-Pacific, particularly China, Japan, and South Korea, is experiencing the fastest market growth due to large-scale battery manufacturing, high consumer adoption of electric mobility, and strong government incentives promoting closed-loop systems. North America continues to expand as new recycling facilities, clean-technology investments, and supply-chain localization efforts accelerate industry development. With rising sustainability commitments and evolving regulations worldwide, the market forecast points toward continued expansion, driven by innovation in material recovery, strategic collaborations, and the shift toward a fully circular battery ecosystem.

Segment by Type

• Lithium Battery
• Lead-Acid Battery
• Others

Segment by Application

• Energy Storage
• Automobile
• Consumer Electronics
• Others

By Company

Umicore, Redwood Materials, Accurec Recycing, RecycLiCo Battery Materials, Li-Cycle, Northvolt, Ascend Elements, Retriev Technologies, Ganfeng Lithium Recycling, Glencore, Brunp Recycling, Duesenfeld GmbH, GEM

View full report
https://reports.valuates.com/market-reports/QYRE-Auto-39K19377/global-circular-economy-in-battery-recycling

Valuates,
4th Floor,
Balaraj's Arcade,
Whitefield Main road,
Bangalore 560066,

Valuates offers an extensive collection of market research reports that helps companies to take intelligent strategical decisions based on current and forecasted Market trends.

This release was published on openPR.