Battery materials recycling market is set to reach US$ 51.2 billion in 2034, Growing at a strong CAGR of 15.1%. Asia Pacific leads the market with 49.4% market share.

The global battery materials recycling market was valued at USD 12.6 billion in 2024. The market is expected to grow from USD 14.5 billion in 2025 to USD 51.2 billion in 2034 at a CAGR of 15.1% according to latest report published by DataM Intelligence.

Battery materials recycling market focuses on recovering valuable metals and components from used batteries, promoting sustainability, reducing environmental impact, and supporting the circular economy in energy storage and electric mobility.

DataM Intelligence unveils its latest report on the "Battery materials recycling Market size 2025," offering an in-depth analysis of market trends, growth drivers, competitive landscape, and regional dynamics. The study covers market size in value and volume, CAGR forecasts, and emerging opportunities that can guide businesses in seizing growth potential and crafting winning strategies. Packed with data-driven insights on current developments and future trends, this report is essential for companies aiming to stay ahead in the competitive Market.

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United States: Key Industry Developments

✅ January 2026: U.S. battery recycling capacity saw a major expansion in commercial recycling facilities nationwide, with black mass output in North America reaching 58,000 tons in 2024 and new projects accelerating domestic feedstock processing for EV and energy storage batteries.

✅ November 2025: American Battery Technology Company received EPA approval for its advanced battery recycling processes, enabling environmental compliance and scaling of critical material recovery operations across multiple states.

✅ July 2025: Tesla invested in next‐generation battery recycling R&D, targeting closed‐loop recycling technologies to enhance recovery of lithium, nickel and cobalt from spent EV batteries and reduce environmental impact.

✅ June 2025: Green Metals Battery Innovations LLC, a JV by LG Energy Solution and Toyota Tsusho, was announced to build a pre‐processing facility in North Carolina to extract black mass from scraap and end‐of‐life batteries, slated for operational ramp‐up in 2026.

Japan: Key Industry Developments

✅ October 2025: The Japanese government approved regulations effective FY 2026, mandating collection and recycling of lithium‐ion batteries from consumer electronics, strengthening formal battery recycling infrastructure nationwide.

✅ October 2025: Sumitomo Metal Mining launched a lithium‐ion battery recycling facility, improving critical metal recovery rates and supporting sustainable EV battery supply chains.

✅ September 2025: Panasonic partnered with a domestic recycling startup to enhance lithium and nickel recovery from used batteries, boosting circular economy initiatives in battery materials.

✅ March 2025: Panasonic Energy and Sumitomo Metal Mining started a closed‐loop recycling collaboration, recovering nickel from end‐of‐life battery scraap for reuse as cathode raw materialthe first automotive battery‐to‐battery recyclate initiative in Japan.

📌 Battery materials recycling Market 2025-26 M&A Deals
→ In August 2025, Glencore plc completed the acquisition of Li‐Cycle Holdings Corp., a Canada‐based lithium‐ion battery recycling company, for approximately $40 million. This deal gives Glencore control of Li‐Cycle's recycling facilities across North America and Europe, including multiple "spoke" plants and the Rochester hub project, strengthening its footprint in battery materials recycling and circular supply chains.

→ In the first half of 2025 (expected closing timeframe), Ace Green Recycling, Inc. agreed to merge with Athena Technology Acquisition Corp. II (ATAC II), a U.S. special‐purpose acquisition company (SPAC), in a business combination valuing Ace at around $250 million. The merger aims to accelerate Ace's expansion plans for hydrometallurgical battery recycling facilities focused on both lead and lithium‐ion batteries.

Battery materials recycling Market Drivers:-
⏩ The rising adoption of EVs is creating an unprecedented accumulation of end‐of‐life lithium‐ion batteries, which contain high‐value materials such as lithium, cobalt, nickel, and manganese.

⏩ For example, EV sales surged past 10 million units in 2023, marking nearly 50% growth year‐on‐year, and many of these batteries will enter recycling streams within the next few years.

⏩ With EVs expected to account for a significant share of global vehicle purchases through the 2030s, recycling volumes are forecast to grow in tandem making material recovery a core industry driver.

⏩ Projections estimate supply shortfalls of key materials such as lithium and cobalt by 2030 unless recycling and alternative supply sources expand dramatically.

⏩ Recycling can reduce dependency on mining and smooth price volatility a compelling value proposition for battery manufacturers and OEMs in price‐sensitive markets.

⏩ The European Union's battery regulations now enforce strict recycling efficiency requirements (e.g., >95% recovery of cobalt and nickel by 2030 status).

⏩ In the U.S., billions in infrastructure and recycling grants (e.g., under the Bipartisan Infrastructure Law) are accelerating domestic capacity.

⏩ Hydrometallurgical and direct recycling processes now achieve recovery rates above 90% for key battery metals and reduce the environmental footprint.

⏩ AI‐assisted sorting and black‐mass processing are accelerating throughput and material purity, supporting higher value capture.

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Battery materials recycling Major Players:-

Call 2 Recycle, Exide Technologies, Aqua Metals, EnerSys, G&P Batteries, Umicore, Johnson Controls, Gravita India Ltd, Teck Resources Ltd, ECOBAT.

Key players highlights:-

Umicore - European recycler specializing in lithium‐ion & NiMH recovery, holding 18% global share in battery materials throughput.

Johnson Controls - Major U.S. player in lead‐acid and other battery recycling with 12% market share.

Exide Technologies - Integrated battery producer & recycler with significant presence in lead‐acid recycling, 6‐8% share (industry estimate).

Call2Recycle - Leading battery take‐back/logistics service provider, 5‐7% of global collection/recycling share (industry estimate).

Aqua Metals - North American lithium‐ion and lead recycling innovator, 4‐6% share focusing on eco‐friendly AquaRefining.

Battery materials recycling Regional Highlights

Asia Pacific
Asia Pacific dominates the global battery materials recycling market, capturing 49.4% of global share due to large EV battery production and recycling infrastructure. China contributes the bulk of this volume, with strong regulatory support and growing recycling capacities.

North America
North America holds around 28% of the global recycled battery materials volume (2023), driven by advanced recycling facilities in the U.S. and Canada and high lead‐acid battery recycling rates. The region is expanding lithium‐ion recovery capacity and second‐life battery initiatives.

Europe
Europe typically accounts for about 28% of market share, supported by strict EU recycling mandates and robust collection infrastructures. Recycling contracts and regulations have increased capture rates for portable and industrial batteries.

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Battery materials recycling segmentation :
Segmentation by Material:
Lead: Commonly recycled from lead-acid batteries used in vehicles.
Nickel: Recovered mainly from nickel-metal hydride batteries.
Lithium: Extracted from lithium-ion batteries in EVs and electronics.
Cobalt: Recycled from lithium-ion batteries to reduce supply risks.
Manganese: Retrieved from battery cathodes for reuse in manufacturing.
Others (Iron): Includes less common metals from industrial and specialty batteries.

Segmentation by End-User:
Automotive Industry: EVs and hybrid vehicles drive high demand for recycled battery materials.
Building & Construction: Uses recycled batteries for energy storage systems.
Aerospace Industry: Recycles batteries for aircraft and spacecraft applications.
Consumer Electronics: Mobile phones, laptops, and gadgets contribute to recycling streams.
Others (Industrial): Includes industrial machinery and specialty applications using recycled materials.

FAQ'S

1. What is battery materials recycling, and why is it important?
Battery materials recycling involves recovering valuable metals like lithium, cobalt, and nickel from used batteries. It reduces environmental pollution, conserves resources, and supports sustainable energy storage solutions.

2. Which industries drive the demand for battery recycling?
The demand is primarily driven by the electric vehicle (EV) sector, consumer electronics, and renewable energy storage, as these sectors generate large volumes of end-of-life batteries requiring efficient recycling.

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