Lithium-ion Battery Recycling Market growing at CAGR of 22.49% by 2030 | Glencore PLC, Li-Cycle Technology, Recupyl SAS, Umicore SA

Mordor Intelligence has published a new report on the "Lithium-ion Battery Recycling Market," offering a comprehensive analysis of trends, growth drivers, and future projections.

The lithium-ion battery recycling market is entering a critical growth phase, with its size projected to expand from USD 3.98 billion in 2025 to USD 10.98 billion by 2030, registering a CAGR of 22.49%

As demand for lithium-ion batteries accelerates across automotive, marine, and power industries, recycling has become essential to secure valuable raw materials such as lithium, cobalt, nickel, and manganese. The industry is also responding to environmental concerns, with efficient recycling solutions reducing waste and supporting circular economy practices.

Gain Access to Detailed Segmentation, Trends, and Competitive Landscape: https://www.mordorintelligence.com/industry-reports/lithium-ion-battery-recycling-market?utm_source=openpr

Key Trends in the Lithium-ion Battery Recycling Market

Declining Battery Prices and EV Adoption

One of the most influential trends is the sharp decline in lithium-ion battery prices, which fell to USD 176 per kWh in 2018 and are expected to reach nearly USD 100/kWh by 2025 Lower costs have fueled widespread EV adoption, creating a growing pool of end-of-life batteries that will require recycling.
Stringent Government Regulations

Governments worldwide are enforcing strict recycling mandates. The European Union's 2022 regulations require recovery rates of 98% for nickel, cobalt, and manganese, and 85% for lithium These rules also mandate minimum recycled content in new batteries, pushing manufacturers to integrate recycling into their supply chains. Such frameworks are accelerating investment in recycling infrastructure and technology.

Rising Demand from Energy Storage Applications

Beyond EVs, the energy storage sector is emerging as a major driver. Lithium-ion batteries are increasingly deployed in grid-scale storage systems to balance renewable energy sources. Residential and commercial storage solutions are also expanding, creating a steady flow of recyclable batteries once they reach end-of-life.

Technology Advancements in Recycling Processes

Hydrometallurgical methods dominate the market due to their high recovery efficiency and lower energy consumption. Mechanical processes are gaining traction for their cost-effectiveness, while pyrometallurgical methods remain relevant in hybrid recycling systems. Companies are also exploring automation and AI integration to improve recovery rates and reduce costs.

Explore In-Depth Insights and Regional Perspectives, Including Localized Editions such as the Japan Market: https://www.mordorintelligence.com/ja/industry-reports/lithium-ion-battery-recycling-market?utm_source=openpr

Lithium-ion Battery Recycling Market Segmentation

By End-User Industry

Automotive: Accounts for nearly 75% of the market share in 2024, driven by EV adoption and strict disposal regulations.

Marine: Growing steadily with electrification of ferries, leisure boats, and commercial vessels.

Energy Storage: Expanding due to renewable integration and grid-scale projects.
Others: Includes consumer electronics, industrial tools, and smaller applications.

By Technology

Hydrometallurgical Process: Holds around 45% market share, offering recovery rates up to 98% for nickel, cobalt, and manganese.

Mechanical Process: Cost-effective with shorter recovery routes and lower energy consumption.

Pyrometallurgical Process: Still used in combination systems, though less energy-efficient.

By Geography

Asia-Pacific: Fastest-growing region, led by China, Japan, and South Korea with strong recycling infrastructure.

North America: Supported by government initiatives and EV production, particularly in the US and Canada.

Europe: Driven by EU regulations and advanced recycling facilities in Germany, Belgium, and France.

South America: Emerging opportunities in Brazil, Chile, and Argentina.
Middle East & Africa: Nascent but promising, with UAE and South Africa leading sustainability initiatives.

Lithium-ion Battery Recycling Companies

Glencore PLC
Green Technology Solutions, Inc.
Li-Cycle Technology
Recupyl SAS
Umicore SA
Metal Conversion Technologies LLC
Retriev Technologies Inc.
Raw Materials Company
TES-AMM Pte Ltd.
American Manganese

Explore Energy & Power Research: https://www.mordorintelligence.com/market-analysis/energy-power?utm_source=openpr

Conclusion: Future of the Lithium-ion Battery Recycling Market

The lithium-ion battery recycling market is set to play a crucial role in the global energy transition. With demand for batteries expected to rise exponentially, recycling ensures sustainable resource management, reduces environmental impact, and supports the circular economy.

By 2030, the market's projected value of USD 10.98 billion highlights its importance in securing critical materials and meeting regulatory requirements Companies that invest in efficient recycling technologies, build strong partnerships, and align with government mandates will be best positioned to thrive.

Explore Related Reports from Mordor Intelligence:

Battery Management System Market - https://www.mordorintelligence.com/industry-reports/battery-management-system-market?utm_source=openpr

Battery Recycling Market - https://www.mordorintelligence.com/industry-reports/battery-recycling-market?utm_source=openpr

Battery Market - https://www.mordorintelligence.com/industry-reports/battery-market?utm_source=openpr

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This release was published on openPR.