Li-Ion Batteries Recycling Market Research Report by Source (Electronics, Electric Vehicle, Power Tools), by Recycling Process (Hydrometallurgical, Pyrometallurgical, Mechanical), by Battery Chemistry (Lithium Cobalt Oxide, Lithium Iron Phosphate, Lithium

The global Li-ion battery recycling market, with a revenue of USD 4,217.1 million in 2023, is projected to surge at a 20.1% CAGR through the forecast year. A lithium-ion battery is a type of rechargeable battery used in things like mobile phones, laptops, and electric cars. It stores energy by moving lithium ions between two ends of the battery. These batteries are lightweight and last a long time, which makes them very useful.

The global market for lithium-ion battery recycling is gaining pace, mainly due to the booming electric vehicle sector. As EV sales rise, so does the number of used batteries that need proper disposal or reuse. This has increased the demand for recycled materials to reduce pressure on raw resources. High costs make recycling less affordable, and supply chain issues can delay the process.

Recycling technology is steadily improving, making it easier, quicker, and more affordable to recover materials from used batteries. At the same time, more collaboration is happening between recycling firms, car manufacturers, and government agencies. These joint efforts are helping set up better systems for collecting batteries and recovering valuable materials. In the long run, lithium-ion battery recycling is expected to support sustainable development, reduce dependence on mining, and lower the environmental impact of used batteries.

Market Segmentation Insights
Depending on the source type, the global Li-ion batteries recycling market is classified into electronics, electric vehicles, and power tools.
Based on the battery chemistry, the global market is segmented into lithium cobalt oxide, lithium iron phosphate, lithium manganese oxide, lithium nickel cobalt aluminum oxide, and lithium nickel manganese cobalt oxide.
In terms of battery components, the global Li-ion batteries recycling market is segmented into active material and non-active material.
Consumer electronics, automotive, and energy storage systems are part of the end-use industry of the global market.
The global Li-ion batteries recycling market is divided based on the recycling process, including pyrometallurgical, hydrometallurgical, and mechanical processes.

Regional Perspectives
North America is quickly building a stronghold in the lithium-ion battery recycling market, thanks to its booming EV sector and shifting regulatory landscape. United States is growing momentum in the battery recycling space, with both new start-ups and established players investing in systems to recover battery materials within the country. Canada, drawing on its strengths in mining and clean technology, is moving toward a more circular use of resources, aiming to reduce waste and maximize material reuse. With more people and industries becoming aware of environmental responsibilities, the North American market is preparing for steady growth driven by practical, tech-based solutions.

Across Europe, battery recycling has become a key part of broader environmental goals. Countries from Scandinavia to Central Europe are putting strong policies into action, supporting real-world projects that recover valuable materials and reduce emissions. Facilities are growing in size and becoming more efficient in how they operate. Trust in eco-friendly products, along with firm government support, is helping the market remain stable and move forward confidently.

In the Asia-Pacific region, countries that have long led in battery production are now working seriously on how to deal with battery waste. China, Japan, and South Korea are increasing local recycling efforts to avoid supply chain risks and reduce environmental impact. More governments are stepping in with rules and incentives to make battery collection and processing more efficient and reliable, helping the region shift toward sustainable long-term practices.

In South America, lithium-ion battery recycling is moving from concept to implementation. Urban centers in countries like Chile and Brazil are seeing the first wave of pilot projects aimed at battery recovery and safe disposal.

Major Competitors
Major players in the global Li-ion batteries recycling market are Umicore SA, Glencore plc, Retriev Technologies Inc., Raw Materials Company Inc., RecycLiCo Battery Materials, Li-Cycle Holdings, Neometals Ltd, Tes-Amm Singapore Pte Ltd, Fortum OYJ, and GEM Co., Ltd. Show more