Circular Economy in Battery Recycling Market is expected to reach US$ 56.07 billion by 2032 | Top Companies - Umicore, Li-Cycle, Redwood Materials, Accurec Recycling

Market Size and Growth:

The Global Circular Economy in Battery Recycling Market Size 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. According to DataM Intelligence Report.

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The Circular Economy in Battery Recycling Market focuses on sustainable practices for collecting, processing, and reusing batteries to minimize environmental impact and resource depletion. It encompasses technologies and systems that recover valuable materials like lithium, cobalt, and nickel from spent batteries, enabling reuse in new batteries, promoting resource efficiency, reducing waste, and supporting the transition to a sustainable, closed-loop economy.

United States: Recent Developments of Circular Economy in Battery Recycling Market

✅ In November 2025, Redwood Materials launched a $3.5 billion battery recycling and materials production facility to boost domestic supply of critical battery materials like lithium, nickel, cobalt, and copper.​

✅ In November 2025, American Battery Technology Company gained EPA approval to recycle CERCLA-classified lithium-ion batteries, including damaged ones from large-scale energy storage systems.​

✅ In October 2025, Li-Cycle formed partnerships with major automakers for large-scale recycling of end-of-life EV batteries to extract lithium, cobalt, and nickel.​

Europe: Recent Developments of Circular Economy in Battery Recycling Market

✅ In October 2025, CNGR acquired a 25% stake in German recycler revomet Bitterfeld GmbH to advance closed-loop recovery of nickel, cobalt, and lithium from battery waste.​

✅ In November 2025, ECHA launched a consultation on batteries and substances of concern, running through December, to assess information for regulatory enhancements.​

✅ In October 2025, the Circular Battery Cluster hosted a webinar on reverse logistics for batteries to support Europe's circular economy transition.​

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Major Players:

Key companies in the Circular Economy in Battery Recycling market include:

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

Electric Vehicle Expansion:

✅ Electric vehicles generate the largest volume of end-of-life lithium-ion batteries, projected to reach 7.8 million tonnes annually by 2040, fueling demand for recycling to manage battery waste and recover materials like cobalt, nickel, and lithium.​
Over 40% of EV manufacturing emissions stem from batteries, making recycling essential to reduce impacts and support sustainable mobility.​

Resource and Environmental Benefits:

✅ Recycling cuts energy use by up to nine times compared to new battery production and lowers CO2 emissions from 4.8 kg per kg of material to 2.4 kg, while recovering up to 95% of critical materials to lessen mining dependence.​
It reduces mineral scarcity risks by 25%, fine particulate emissions by 17%, and toxicity impacts by 14-22%, enabling cost savings like urban-mined copper at $3,000 per ton versus $5,500 for virgin sources.​

Regulatory and Policy Support:

✅ Governments enforce battery recycling mandates, such as EU regulations and incentives in North America and Asia-Pacific, alongside institutional incentives that promote closed-loop systems and infrastructure investments.​
These policies drive partnerships between automakers and recyclers, boosting scalability amid growing end-of-life battery volumes expected to hit 21.3 million tonnes recovered by 2030.​

Segments Covered in the Circular Economy in Battery Recycling Market:

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 Circular Economy in Battery Recycling 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)

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Chapter Outline:

⏩ Market Overview: It contains five chapters, as well as information about the research scope, major manufacturers covered, market segments, Circular Economy in Battery Recycling market segments, study objectives, and years considered.

⏩ Market Landscape: The competition in the Global Circular Economy in Battery Recycling Market is evaluated here in terms of value, turnover, revenues, and market share by organization, as well as market rate, competitive landscape, and recent developments, transaction, growth, sale, and market shares of top companies.

⏩ Companies Profiles: The global Circular Economy in Battery Recycling market's leading players are studied based on sales, main products, gross profit margin, revenue, price, and growth production.

⏩ Market Outlook by Region: The report goes through gross margin, sales, income, supply, market share, CAGR, and market size by region in this segment. North America, Europe, Asia Pacific, Middle East & Africa, and South America are among the regions and countries studied in depth in this study.

⏩ Market Segments: It contains the deep research study which interprets how different end-user/application/type segments contribute to the Circular Economy in Battery Recycling Market.

⏩ Market Forecast: Production Side: In this part of the report, the authors have focused on production and production value forecast, key producers forecast, and production and production value forecast by type.

⏩ Research Findings: This section of the report showcases the findings and analysis of the report.

⏩ Conclusion: This portion of the report is the last section of the report where the conclusion of the research study is provided.

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Frequently asked questions:

➠ What is the global sales value, production value, consumption value, import and export of Circular Economy in Battery Recycling market?

➠ Who are the global key manufacturers of the Circular Economy in Battery Recycling Industry? How is their operating situation (capacity, production, sales, price, cost, gross, and revenue)?

➠ What are the Circular Economy in Battery Recycling market opportunities and threats faced by the vendors in the global Circular Economy in Battery Recycling Industry?

➠ Which application/end-user or product type may seek incremental growth prospects? What is the market share of each type and application?

➠ What focused approach and constraints are holding the Circular Economy in Battery Recycling market?

➠ What are the different sales, marketing, and distribution channels in the global industry?

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