Electric Vehicles Battery Recycling Market is expected to Hit US$ 20.33 billion by 2032 | Major Companies - GEM Co., Ltd., Li-Cycle Corp, Fortum, Redwood Materials Inc.

Market Size and Growth:

The Global Electric Vehicle Battery Recycling Market size reached US$ 1.12 billion in 2024 and is expected to reach US$ 20.33 billion by 2032, growing with a CAGR of 43.67% during the forecast period 2025-2032.

DataM Intelligence has published a new research report on "Electric Vehicles Battery Recycling Market Size 2026". The report explores comprehensive and insightful Information about various key factors like Regional Growth, Segmentation, CAGR, Business Revenue Status of Top Key Players and Drivers. The purpose of this report is to provide a telescopic view of the current market size by value and volume, opportunities, and development status.

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The Electric Vehicles (EV) Battery Recycling Market refers to the industry focused on collecting, processing, and recovering valuable materials such as lithium, cobalt, nickel, and manganese from used or end-of-life electric vehicle batteries. This market supports sustainable mobility by reducing environmental waste, minimizing dependence on raw material mining, and enabling circular economy practices. Growing EV adoption, strict environmental regulations, and rising demand for critical battery materials are key factors driving the development and expansion of battery recycling technologies and infrastructure worldwide.

Recent Key Developments of United States:

✅ January 2026: Redwood Materials opened a new facility in South Carolina capable of processing 10 GWh of annual battery waste, creating 500 jobs. The plant focuses on lithium recovery exceeding 95% efficiency using proprietary solvent extraction.

✅ December 2025: The U.S. Department of Energy awarded grants totaling $50 million to four startups for innovative direct recycling methods that preserve battery cathode structures. These projects aim to cut recycling costs by 30% and support domestic supply chains.

✅ October 2025: A major U.S. recycler expanded its lithium-ion processing capacity by 50%, targeting increased EV battery inflows amid rising vehicle retirements. The upgrade incorporates advanced hydrometallurgical tech for higher cobalt and nickel recovery rates.

✅ November 2025: Toyota and LG Energy Solution launched a joint battery recycling venture to recover critical materials from end-of-life EV batteries. This initiative bolsters U.S. circular economy efforts and reduces reliance on imported raw materials.

Recent Key Developments of Japan:

✅ January 2026: JFE Engineering piloted robotic disassembly lines for diverse EV battery chemistries, achieving 20% faster processing. The tech enables modular facilities adaptable to future battery designs.

✅ December 2025: Sumitomo Metal Mining advanced its Ehime prefecture recycling plant toward June 2026 operations, targeting 7,000 tons/year of black mass from 60,000 EVs. The facility produced trial cathodes with over 6% recycled nickel.

✅ November 2025: Japan announced a 2026 law mandating manufacturers to collect and recycle small lithium batteries from mobiles and EVs, aligning with GX strategy for 70% lithium recovery by 2030. This expands producer responsibility to curb e-waste hazards.

✅ October 2025: Government policies strengthened under Circular Economy Strategy, introducing AI-driven recycling incentives and stricter efficiency reporting for lithium-ion batteries. This supports Japan's goal of closed-loop systems amid limited domestic resources.

List of the Key Players in the Electric Vehicles Battery Recycling Market:

GEM Co., Ltd.
Eramet
Li-Cycle Corp
Fortum
Umicore
Redwood Materials Inc.
Shenzhen Highpower Technology Co., Ltd.
ACE Green Recycling, Inc.
Stena Metall AB
ACCUREC-Recycling GmbH

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This Report Covers:

✔ Go-to-market Strategy.

✔ Neutral perspective on the market performance.

✔Development trends, competitive landscape analysis, supply side analysis, demand side analysis, year-on-year growth, competitive benchmarking, vendor identification, and other significant analysis, as well as development status.

✔Customized regional/country reports as per request and country level analysis.

✔ Potential & niche segments and regions exhibiting promising growth covered.

✔ Analysis of Market Size (historical and forecast), Total Addressable Market (TAM), Serviceable Available Market (SAM), Serviceable Obtainable Market (SOM), Market Growth, Technological Trends, Market Share, Market Dynamics, Competitive Landscape and Major Players (Innovators, Start-ups, Laggard, and Pioneer).

Segments Covered in the Electric Vehicles Battery Recycling Market:

By Battery Type: Lithium Nickel Manganese Cobalt, Lithium Iron Phosphate, Lithium Titanate Oxide, Lithium Manganese Oxide, Lithium Nickel Cobalt Aluminum Oxide.

By Vehicle Type: Passenger Cars, Commercial Vehicles, Two-Wheelers, Others.

By Process: Hydrometallurgical, Pyrometallurgical, Mechanical, Others.

By Application: Electric Vehicles, Energy Storage Systems, Consumer Electronics, Others.

Regional Analysis:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

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Chapter Outline:

Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.

Chapter 2: key insights, key emerging trends, etc.

Chapter 3: Manufacturers competitive analysis, detailed analysis of Electric Vehicles Battery Recycling manufacturers competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.

Chapter 4: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.

Chapter 5 & 6: Revenue of Electric Vehicles Battery Recycling in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and market size of each country in the world.

Chapter 7: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 8: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.

Chapter 10: The main points and conclusions of the report.

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People Also Ask:

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◆ Which region is expected to dominate the industry during the forecast period?

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