Lithium-Ion Battery Recycling

Global Lithium-Ion Battery Recycling Market to Reach US$23.9 Billion by 2030

The global market for Lithium-Ion Battery Recycling estimated at US$7.3 Billion in the year 2024, is expected to reach US$23.9 Billion by 2030, growing at a CAGR of 21.9% over the analysis period 2024-2030. Lithium-Nickel Manganese Cobalt (Li-NMC), one of the segments analyzed in the report, is expected to record a 23.3% CAGR and reach US$15.1 Billion by the end of the analysis period. Growth in the Lithium-Iron Phosphate (LFP) segment is estimated at 19.9% CAGR over the analysis period.

The U.S. Market is Estimated at US$1.5 Billion While China is Forecast to Grow at 26.3% CAGR

The Lithium-Ion Battery Recycling market in the U.S. is estimated at US$1.5 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$7.6 Billion by the year 2030 trailing a CAGR of 26.3% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 18.7% and 18.9% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 20.9% CAGR.

Global Lithium-Ion Battery Recycling Market - Key Trends & Drivers Summarized

Lithium-ion battery recycling is a rapidly evolving industry driven by the increasing use of lithium-ion batteries in various applications, including electric vehicles, portable electronics, and renewable energy storage. These batteries are preferred due to their high energy density, long cycle life, and efficiency. However, the growing volume of spent lithium-ion batteries poses significant environmental and resource management challenges. Recycling these batteries not only mitigates environmental risks associated with improper disposal but also recovers valuable materials such as lithium, cobalt, nickel, and manganese, which can be reused in the production of new batteries, thereby reducing the demand for virgin raw materials.

The process of recycling lithium-ion batteries involves several steps, including collection, discharging, dismantling, and material recovery. Advanced recycling methods such as hydrometallurgical and pyrometallurgical processes are employed to extract valuable metals from the battery components. Innovations in direct recycling, which preserves the cathode materials` structure for reuse, are also gaining traction. Regulatory frameworks and industry standards are being established to ensure the safe and efficient handling and processing of spent batteries. Companies and governments are investing in recycling infrastructure and technologies to address the growing volume of end-of-life batteries and promote a circular economy.

The growth in the lithium-ion battery recycling market is driven by several factors. Firstly, the rising adoption of electric vehicles and renewable energy systems is leading to an increased generation of spent lithium-ion batteries. Secondly, stringent environmental regulations and policies promoting sustainable waste management are encouraging the development of efficient recycling solutions. Thirdly, advancements in recycling technologies are improving the recovery rates and economic feasibility of extracting valuable materials from spent batteries. Additionally, the growing awareness of resource conservation and the need to reduce dependency on mined raw materials are driving the demand for recycled battery materials. Furthermore, significant investments by industry players and governments in recycling infrastructure and research and development are supporting the expansion of the lithium-ion battery recycling market.

SCOPE OF STUDY:

The report analyzes the Lithium-Ion Battery Recycling market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Battery Chemistry (Lithium-Nickel Manganese Cobalt (Li-NMC), Lithium-Iron Phosphate (LFP), Lithium-Manganese Oxide (LMO), Other Battery Chemistries); End-Use (Automotive, Non-Automotive)

Geographic Regions/Countries:
World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia-Pacific; Australia; India; South Korea; Rest of Asia-Pacific; Latin America; Argentina; Brazil; Mexico; Rest of Latin America; Middle East; Iran; Israel; Saudi Arabia; UAE; Rest of Middle East; Africa.

Select Competitors (Total 69 Featured) -

• Amit Industries Ltd. (Amicell)
• American Manganese, Inc.
• Attero
• Accurec Recycling GmbH
• Aqua Metals, Inc.
• Call2Recycle, Inc.
• Blue Star Recyclers
• A Better Way Computer Recycling, LLC
• A3 Aprofitament Assessorament Ambiental
• Akkuser Oy
• Anhua Taisen Recycling Technology Co. Ltd.
• ARCA Recycling, Inc.
• Battronics AG
• Bodawerk
• 4R Energy Corporation

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

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APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

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