India Battery Recycling Market to Reach USD 1,304.1 Million by 2033, Growing at 8.93% CAGR - IMARC Group

Source: IMARC Group | Category: Automotive Industry | Author Name: Gaurav

Report Introduction

According to IMARC Group's latest report titled "India Battery Recycling Market Size, Share, Trends and Forecast by Type, Source, End Use, Material, and Region, 2025-2033", the market is witnessing robust growth due to rising environmental regulations, the boom in electric vehicle (EV) adoption, and the increasing demand for sustainable raw materials. The study offers a profound analysis of the industry, encompassing market share, size, growth factors, key trends, and regional insights. The report covers critical market dynamics, including the recycling of Lithium-ion batteries, the extraction of precious metals like Cobalt and Nickel, and the implementation of circular economy principles in the battery supply chain.

Market At-A-Glance: Key Statistics (2025-2033):

• Current Market Size (2024): USD 554.4 Million
• Projected Market Size (2033): USD 1,304.1 Million
• Growth Rate (CAGR): 8.93%
• Key Segments: Lithium-ion Batteries, Automotive Source, and Material Extraction.

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India Battery Recycling Market Overview

The India battery recycling market size reached USD 554.4 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 1,304.1 Million by 2033, exhibiting a growth rate (CAGR) of 8.93% during 2025-2033.

The market is primarily driven by the government's stringent policies regarding battery waste management and the urgent need to reduce dependency on imported raw materials for battery manufacturing. With the rapid electrification of the automotive sector, the volume of spent batteries is expected to skyrocket, creating a massive opportunity for recycling companies. Technological advancements have made the extraction of high-purity metals more cost-effective, turning battery waste into a valuable resource. Furthermore, major battery manufacturers and recycling firms are entering strategic partnerships to establish a closed-loop supply chain, ensuring that recovered materials like lithium and cobalt are fed back into the production of new EV batteries.

Top Emerging Trends in the India Battery Recycling Market:

• EV Battery Wave: A surge in end-of-life Lithium-ion batteries from the first generation of EVs entering the waste stream.

• Technology Upgrades: Adoption of hydrometallurgical processes which offer higher recovery rates and lower environmental impact compared to traditional pyrometallurgy.

• Circular Economy Focus: Shift from a linear "take-make-dispose" model to a circular model where recovered materials re-enter the manufacturing cycle.

• Regulatory Push: Implementation of Battery Waste Management Rules which mandate Extended Producer Responsibility (EPR) for battery producers.

India Battery Recycling Market Growth Factors (Drivers)

• EV Adoption: Exponential growth in electric vehicle sales directly correlating to future volumes of recyclable batteries.

• Raw Material Scarcity: Global shortages and price volatility of critical minerals (Lithium, Cobalt, Nickel) driving the need for secondary sources.

• Environmental Compliance: Strict government regulations enforcing safe disposal and recycling to prevent soil and water contamination.

• Corporate Sustainability: Increasing ESG commitments from automotive and electronics companies to use recycled materials in their products.

Explore the Full Report with Charts, Table of Contents, and List of Figures: https://www.imarcgroup.com/india-battery-recycling-market

Market Segmentation

Type Insights:

• Lead-acid Batteries
• Nickel-based Batteries
• Lithium-based Batteries
• Others

Source Insights:

• Industrial
• Automotive
• Consumer Products
• Electronic Appliances
• Others

End Use Insights:

• Reuse
• Repackaging
• Extraction
• Others

Material Insights:

• Manganese
• Iron
• Lithium
• Nickel
• Cobalt
• Lead
• Aluminium
• Others

Regional Insights:

• North India
• West and Central India
• South India
• East and Northeast India

Why Buy This Report? (High-Value Insights)

• Granular Segmentation: Detailed analysis of Lithium-ion vs. Lead-acid recycling trends.

• Supply Chain Analysis: Insights into the logistics of battery collection and the role of the informal sector.

• Competitive Landscape: Profiling of major players like Gravita India, Attero Recycling, and Lohum Cleantech, highlighting their processing capacities.

• Future Outlook: Data-driven forecasts on the potential volume of black mass generation in India.

Key Highlights of the Report

• Market Forecast (2025-2033): Quantitative data on market value and steady growth.

• Competitive Landscape: Comprehensive analysis of market structure and key player positioning.

• Strategic Analysis: Porter's Five Forces analysis and value chain assessment.

• Technological Trends: Insights into the shift towards direct recycling methods.

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This release was published on openPR.