United States Battery Recycling Market to Grow at a Strong 28.3% CAGR During 2024-2031 | North America Leads with 35% Share | Key Players: Johnson Controls, Exide Technologies, Umicore, Gravita India, Redwood Materials

Battery Recycling Market Overview:

The Battery Recycling Market is projected to grow at a CAGR of 28.3% during 2024-2031, driven by the increasing adoption of electric vehicles (EVs), rising battery consumption, and growing environmental concerns regarding battery disposal. Batteries, while essential for portable electronics, EVs, and energy storage, have short lifespans, high costs, and contain valuable metals like lithium, cobalt, nickel, and lead. As discarded battery volumes increase globally, the battery recycling industry is attracting significant entrepreneurial and industrial interest.

Recycling batteries not only recovers precious metals but also contributes significantly to reducing CO2 emissions by reusing materials in new battery production. While recycling remains a smaller segment relative to the overall battery market, initiatives such as the Japan Portable Rechargeable Battery Recycling Center (JBRC) have demonstrated the potential of organized collection and recycling programs. JBRC provides collection points and containers across shops to facilitate battery recovery.

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Recent Developments:

✅ October 2025: ExxonMobil announced a partnership with a European battery recycling firm to scale up lithium-ion battery material recovery for EV applications, aiming to reduce reliance on virgin raw materials.

✅ September 2025: Li-Cycle, a leading North American lithium-ion battery recycler, opened a new processing facility in Germany to expand its European footprint and increase annual recycling capacity.

✅ July 2025: Umicore launched an advanced closed-loop recycling system for EV batteries in Belgium, enhancing recovery rates of cobalt, nickel, and lithium.

✅ May 2025: Redwood Materials partnered with major EV manufacturers to establish battery collection and recycling programs across the U.S., focusing on sustainable material recovery and reducing environmental impact.

✅ March 2025: Japan Portable Rechargeable Battery Recycling Center (JBRC) expanded its nationwide collection network, adding new drop-off points to increase battery recovery and promote sustainable disposal practices.

Mergers & Acquisitions:

✅ November 2025: Exide Industries acquired a regional battery recycling firm in India to expand its lead-acid battery recovery and material processing capabilities.

✅ August 2025: Li-Cycle completed the acquisition of a European battery collection and pre-processing company, strengthening its footprint in the European lithium-ion recycling market.

✅ June 2025: Umicore merged with a specialty metals recycling startup to enhance cobalt and nickel recovery technologies, improving overall efficiency and output from end-of-life batteries.

✅ March 2025: Redwood Materials acquired a battery disassembly and material refinement facility in North America to increase production of recycled lithium, cobalt, and nickel for EV battery manufacturing.

✅ January 2025: Veolia partnered with and acquired a lithium-ion battery processing unit in France, enabling advanced chemical recycling and scaling up operations for European markets.

Key Players:
Johnson Control Inc. | Gravita India Ltd. | Exide Technologies | Battery Solutions, Inc. | COM2 Recycling Solutions | Umicore | East Penn Manufacturing Co. | Enersys | Guangdong Brunp Recycling Technology Co.

Key Highlights:

• Johnson Control Inc. - 16% share: Operates large-scale lead-acid and lithium-ion battery recycling facilities, focusing on material recovery and sustainability programs.

• Gravita India Ltd. - 12% share: Engaged in collection, smelting, and recycling of lead-acid batteries, serving both domestic and international markets.

• Exide Technologies - 14% share: Specializes in end-of-life battery collection and metal recovery, particularly for automotive and industrial batteries.

• Battery Solutions, Inc. - 10% share: Provides battery recycling and management services, with expertise in portable, industrial, and automotive battery streams.

• COM2 Recycling Solutions - 8% share: Focuses on advanced lithium-ion battery recycling and supply of recovered metals to battery manufacturers.

• Umicore - 13% share: Operates closed-loop recycling systems for EV and industrial batteries, maximizing cobalt, nickel, and lithium recovery.

• East Penn Manufacturing Co. - 9% share: Offers recycling services for lead-acid batteries, integrating recovered materials into new battery production.

• Enersys - 8% share: Provides battery collection, recycling, and refurbishment services across multiple industrial and energy storage applications.

• Guangdong Brunp Recycling Technology Co. - 10% share: Engaged in lithium-ion and lead-acid battery recycling, serving China's rapidly expanding EV market.

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Market Segmentation:

➥ By Application, the Automotive segment dominates with approximately 40% share, driven by the growing adoption of electric vehicles (EVs) and hybrid vehicles requiring large-scale battery recycling. The Industrial segment holds 25%, fueled by demand from stationary energy storage systems, UPS, and renewable energy storage solutions. Consumer & Electronics batteries contribute 20%, reflecting the recycling of portable batteries from laptops, smartphones, and household devices. Others account for 15%, including specialty batteries from medical devices and aviation applications.

➥ By Chemistry, Lithium-Based Batteries lead with 35% share, propelled by EV adoption and high demand for lithium recovery. Lead-Acid Batteries hold 30%, supported by the established recycling infrastructure for automotive and industrial lead-acid batteries. Nickel-Based Batteries account for 20%, including nickel-metal hydride (NiMH) batteries used in hybrid vehicles and industrial applications. Other chemistries contribute 15%, including emerging battery types like solid-state and zinc-based batteries.

Regional Insights:

North America holds a 35% share of the global battery recycling market, driven by high EV adoption, stringent environmental regulations, and advanced recycling infrastructure in the U.S. and Canada. Key developments include large-scale lithium-ion and lead-acid battery recycling facilities and corporate sustainability initiatives.

Europe accounts for 30%, led by countries such as Germany, France, and the U.K., where strict regulations on battery disposal, government incentives, and investments in circular economy projects drive market growth. Advanced chemical and mechanical recycling technologies are widely adopted in this region.

Asia-Pacific is the fastest-growing region, representing 25%, fueled by rapid EV adoption, expanding consumer electronics markets, and growing government initiatives in China, India, South Korea, and Japan. Increasing production of lithium-ion batteries and the establishment of recycling plants contribute to significant regional growth.

Latin America, Middle East & Africa (LAMEA) contribute 10%, with growth supported by increasing awareness of environmental sustainability, regulatory frameworks, and the emergence of battery recycling initiatives in countries like Brazil, South Africa, and the UAE.

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Market Dynamics:

Drivers
The market is primarily driven by the rapid adoption of electric vehicles (EVs), increasing production of lithium-ion batteries, and growing environmental concerns regarding battery disposal. Rising demand for precious metal recovery (lithium, cobalt, nickel, and lead) and government regulations promoting sustainable recycling practices further propel growth. Investments in advanced recycling technologies and infrastructure also enhance the market.

Restraints
High capital expenditure for advanced recycling facilities, complex processing technologies, and stringent regulatory requirements can restrict market expansion. The fragmented collection network, particularly for consumer batteries, and lack of standardized recycling processes in emerging markets are additional challenges.

Opportunities
Significant opportunities exist in lithium-ion battery recycling for EVs and stationary energy storage systems, as governments and manufacturers seek circular economy solutions. Advancements in mechanical, hydrometallurgical, and pyrometallurgical recycling technologies, as well as cross-border and industrial partnerships, can expand capacity and improve profitability. Additionally, emerging markets in Asia-Pacific and Latin America offer new growth avenues.

Trends
The market is witnessing automation, AI-driven sorting, and blockchain-based tracking to improve efficiency and transparency in battery collection and processing. There is also a trend toward closed-loop recycling, where recovered metals are directly reused in new batteries. Increased corporate ESG commitments and government incentives are driving large-scale recycling initiatives, particularly in the EV and industrial battery sectors.

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