Press release
Lithium-ion Battery Recycling Market to Reach USD 14.49 Billion by 2028, Says Stratview Research
Stratview Research
Stratview Research, a global market research firm, has launched a report on the global market, which provides a comprehensive outlook of the global and regional industry forecast, current & emerging market trends, segment analysis, competitive landscape, & more. The report assesses end-use type, battery chemistry, and regional segments, offering strategic insights into growth levers and investment opportunities for manufacturers, investors, and supply-chain leaders.
Request a free sample report: https://www.stratviewresearch.com/Request-Sample/1155/lithium-ion-battery-recycling-market.html#form
MARKET STATISTICS
• Market size (2022): USD 4.96 billion
• Forecast value (2028): USD 14.49 billion
• CAGR: 19.48%
• Forecast period: 2023-2028
• Base year: 2022
• Total number of segments: 3 (End-Use Type, Battery Chemistry Type, Region)
• Tables & figures: 100+
• Country-Level Market Assessment: 20
MARKET SEGMENTATION
By End-Use Type
• Automotive
• Non-Automotive
By Battery Chemistry Type
• Lithium-Nickel Manganese Cobalt
• Lithium-Iron Phosphate
• Lithium-Manganese Oxide
• Lithium-Titanate Oxide
• Lithium-Nickel Cobalt Aluminum Oxide
By Region
• North America (USA, Canada, Mexico)
• Europe (Germany, France, UK, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, South Korea, Rest of Asia-Pacific)
• Rest of the World (Latin America, Middle East, Others)
SEGMENT ANALYSIS
The automotive end-use type dominates the market in terms of value and volume due to the rapid proliferation of electric vehicles that utilize large lithium-ion battery packs. Recycling these batteries yields critical materials that are both scarce and costly to source from primary mining, reinforcing circular supply chains and reducing dependency on volatile raw material markets.
Within battery chemistry types, lithium-nickel manganese cobalt (NMC) is the leading segment by volume, reflecting its extensive use in automotive and industrial batteries. Conversely, lithium-manganese oxide is projected to be the highest-recycled chemotype, driven by its broader implementation across power tools and medical devices, where recycling economies are increasingly favorable.
North America is the leading region, supported by stringent environmental regulations and recycling standards from agencies such as the EPA, which tighten emissions and waste management protocols. Regional policy frameworks are incentivizing investment into recycling facilities and technologies, making North America structurally attractive for new and established recycling ventures.
Asia-Pacific offers rapid growth potential bolstered by high lithium-ion battery production volumes, significant EV adoption, and strong governmental support for sustainable waste management. The convergence of manufacturing scale and regulatory push propels Asia-Pacific's growth trajectory and expands material feedstock availability.
MARKET DRIVERS
• Rising adoption of electric vehicles increases end-of-life battery volumes and the need for sustainable recycling.
• Regulatory pressure on battery waste management compels OEMs and recyclers to develop compliant recycling infrastructure.
• Demand for critical raw materials such as lithium, cobalt, and nickel boosts recycling to reduce supply vulnerability.
• Extended producer responsibility frameworks promote closed-loop battery lifecycle strategies.
• OEM and recycler partnerships accelerate technology adoption and recycling capacity expansion.
Top Companies in the Market
• American Manganese Inc.
• Glencore plc
• International Metals Reclamation Company, LLC
• Li-Cycle Corp.
• Neometals Ltd.
• Raw Materials Company Inc.
• Recupyl Sas
• Retriev Technologies Inc.
• Sitrasa
• Umicore
FAQs
1. What is the current size of the lithium-ion battery recycling market?
The global lithium-ion battery recycling market was valued at USD 4.96 billion in 2022, reflecting increasing global battery deployment and end-of-life recycling demand.
2. How fast is the lithium-ion battery recycling market growing?
The market is projected to grow at a CAGR of 19.48% during 2023-2028, driven by EV proliferation and recycling regulations.
3. Which region leads the lithium-ion battery recycling market?
North America is the leading region due to stringent environmental regulations and strong investment in recycling infrastructure.
4. What end-use segment dominates the market?
The automotive segment dominates, as electric vehicle applications produce substantial end-of-life battery volumes requiring recycling.
5. Who are the key players in the lithium-ion battery recycling market?
Key companies include American Manganese Inc., Glencore plc, Li-Cycle Corp., Neometals Ltd., and Umicore, among others actively expanding recycling capabilities.
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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.
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