EV Battery Recycling Market Size, Share, Opportunities, And Trends By Battery Type (Lead-Acid Batteries, (Flooded Lead-Acid Batteries, Valve-Regulated Lead-Acid (VRLA) Batteries), Lithium-Based Batteries (Lithium-Ion Batteries Lithium Polymer Batteries, Lithium Iron Phosphate (LiFePO4) Batteries, Others)), By Recycling Process (Pyrometallurgical, Hydrometallurgical, Others (Mechanical, Others), By Vehicle Type (Passenger Vehicles, Commercial Vehicles), And By Geography - Forecasts From 2025 To 2030

EV Battery Recycling Market Size and Forecast:

The EV battery recycling market is set to witness robust growth at a CAGR of 15.30% during the forecast period to be worth US$23.393 billion in 2030 from US$11.482 billion in 2025.

EV Battery Recycling Market Trends:

The market growth is driven by increased suppliers of electric vehicle (EV) batteries. These suppliers are focusing on recycling batteries to reduce costs associated with rising material prices and to protect the environment. This trend is contributing to the greater adoption of EVs. Batteries require two new uses after their first life and updated recycling facilities and recovered materials for feedstock. Adding batteries to stationary energy storage systems helps them last longer and generates income. There has been a rise in the setting up of recycling infrastructure across many collection points, allowing consumers to convert a wider range of recycling materials.

EV Battery Recycling Market Growth Drivers:

• Increase in EV Sales: EV adoption drives most battery recycling activity because people worldwide are choosing electric transportation. According to the International Energy Agency (IEA), EV production will jump to 240 million units in 2030, starting with 30 million EVs in 2022. This rapid growth requires increased end-of-life battery recycling. Electric vehicles will represent more than 10% of road vehicle usage in 2030. Manufacturers are expected to sell 20 million EVs in 2025 and 40 million models in 2030 when these vehicles achieve 20% and 30% of all vehicle demand.
• Government Regulations and Incentives: Governments worldwide, especially in North America and Europe, support the EV battery recycling industry with investment policies, including EU Battery Regulation standards promoting waste reduction. Official government rules and funding programs from the government promote an increased focus on the EV battery recycling industry, such as Extended Producer Responsibility (EPR). Manufacturers under EPR rules must design complete battery life cycle solutions, including collection and recycling programs. The recycling methods make the process cheaper to run, making it profitable.

EV Battery Recycling Market Segment Analysis by Battery Type:

• Lead-Acid Batteries: Batteries with lead-acid technology remain a considerably growing segment of EV battery recycling because they power many vehicles, including EVs, which maintain stable recycling operations.
• Lithium-Based Batteries: The EV battery recycling industry will grow primarily from lithium-ion battery adoption because EVs keep increasing while battery recycling methods at end-of-life need improvement, leading to market expansion.

EV Battery Recycling Market Segmentation Analysis by Recycling Process:

• Pyrometallurgical: Pyrometallurgical recycling is a common technique for battery processing that depends on high-temperature treatment. The method achieves high recovery rates for lithium cobalt nickel through its ability to work with many different EV battery chemistries.
• Hydrometallurgical: The rising demand for aqueous solutions-based hydrometallurgical processes is due to their ability to recover materials with a lower environmental impact while consuming less energy.

EV Battery Recycling Market Geographical Outlook:

The EV battery recycling market report analyzes growth factors across the following five regions:

• North America:  North America's EV battery recycling market will grow rapidly as investors fund new recycling technology and protect the environment due to supportive government policies. For instance, the Bipartisan Infrastructure Law by the Biden-Harris Administration funded eight projects with $44.8 million that started their work in October 2024 to make recycling batteries and EV components more affordable.
• South America: The South American EV battery recycling industry is witnessing significant growth due to rising sustainability and environmental concerns, technological advancement, and investment in recycling techniques.
• Europe: Europe's EV battery recycling industry is dominant due to its strong environmental laws and affluent citizens. EU regulations demand companies meet strong battery recycling standards for every type of battery chemistry, driving successful recycling operations.
• Middle East and Africa: The Middle East and Africa region is an emerging market that will grow consistently because lithium-ion batteries for EVs keep selling well, whereas unwanted and waste batteries need better recycling systems.
• Asia-Pacific: The Asia-Pacific region leads in EV battery recycling because of rising investment to support advanced recycling while EV adoption grows fast alongside rising worries about metal scarcity, leading to market growth.

EV Battery Recycling Market– Competitive Landscape:

• Umicore
• Bosch
• ACCUREC-Recycling GmbH
• Li-Cycle Corp.
• Terrapure BR Ltd.
• Neometals Ltd 

Investment in the cost-effective recycling of batteries is a core focus of companies during the projected period. This is combined with aggressive R&D and technological innovation. Manufacturers, recyclers, and technology providers are forming strategic partnerships to increase recycling throughput while maintaining a consistent source of recycled material.

EV Battery Recycling Market Latest Developments:

• In October 2024, the EU and Indian startups attended a matchmaking event dedicated to EV battery recycling as a part of the India – EU Trade AND Technology Council W2G, intending to learn about the new recycling technologies.
• In September 2024, AE Elemental launched a commercial EV battery recycling plant in Poland. The facility has the potential to process 12,000 metric tons annually, making it the largest in Poland, prompting many business and community leaders from Europe and North America to take an interest.

EV Battery Recycling Market Scope:

Report Metric	Details
EV Battery Recycling Market Size in 2025	US$11.482 billion
EV Battery Recycling Market Size in 2030	US$23.393 billion
Growth Rate	CAGR of 15.30%
Study Period	2020 to 2030
Historical Data	2020 to 2023
Base Year	2024
Forecast Period	2025 – 2030
Forecast Unit (Value)	USD Billion
Segmentation	Battery Type Recycling Process Vehicle Type Geography
Geographical Segmentation	North America, South America, Europe, Middle East and Africa, Asia Pacific
List of Major Companies in the EV Battery Recycling Market	Umicore Bosch ACCUREC-Recycling GmbH Li-Cycle Corp. Neometals Ltd
Customization Scope	Free report customization with purchase

 

EV Battery Recycling Market is analyzed into the following segments:

• By Battery Type
  • Lead-Acid Batteries
    • Flooded Lead-Acid Batteries
    • Valve-Regulated Lead-Acid (VRLA) Batteries
  • Lithium-Based Batteries
    • Lithium-Ion Batteries
    • Lithium Polymer Batteries
    • Lithium Iron Phosphate (LiFePO4) Batteries
    • Others
• By Recycling Process
  • Pyrometallurgical
  • Hydrometallurgical
  • Others
    • Mechanical
    • Others
• By Vehicle Type
  • Passenger Vehicles
  • Commercial Vehicles
• By Geography
  • North America
    • USA
    • Canada              
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Taiwan
    • Australia
    • Others

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1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base and Forecast Years Timeline

1.8. Key benefits for the stakeholders

2. RESEARCH METHODOLOGY

2.1. Research Design

2.2. Research Process

3. EXECUTIVE SUMMARY

3.1. Key Findings

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Forces Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

4.5. Analyst View

5.  EV BATTERY RECYCLING MARKET BY BATTERY TYPE 

5.1. Introduction

5.2. Lead-Acid Batteries

5.2.1. Flooded Lead-Acid Batteries

5.2.2. Valve-Regulated Lead-Acid (VRLA) Batteries

5.3. Lithium-Based Batteries

5.3.1. Lithium-Ion Batteries

5.3.2. Lithium Polymer Batteries

5.3.3. Lithium Iron Phosphate (LiFePO4) Batteries

5.4. Others

6. EV BATTERY RECYCLING MARKET BY RECYCLING PROCESS

6.1. Introduction

6.2. Pyrometallurgical

6.3. Hydrometallurgical

6.4. Others

6.4.1. Mechanical

6.4.2. Others

7. EV BATTERY RECYCLING MARKET BY VEHICLE TYPE

7.1. Introduction

7.2. Passenger Vehicles

7.3. Commercial Vehicles

8. EV BATTERY RECYCLING MARKET BY GEOGRAPHY

8.1. Introduction

8.2. North America

8.2.1. By Battery Type

8.2.2. By Recycling Process

8.2.3. By Vehicle Type

8.2.4. By Country

8.2.4.1. USA

8.2.4.2. Canada

8.2.4.3. Mexico

8.3. South America

8.3.1. By Battery Type

8.3.2. By Recycling Process

8.3.3. By Vehicle Type

8.3.4. By Country

8.3.4.1. Brazil

8.3.4.2. Argentina

8.3.4.3. Others

8.4. Europe

8.4.1. By Battery Type

8.4.2. By Recycling Process

8.4.3. By Vehicle Type

8.4.4. By Country

8.4.4.1. United Kingdom

8.4.4.2. Germany

8.4.4.3. France

8.4.4.4. Spain

8.4.4.5. Others

8.5. Middle East and Africa

8.5.1. By Battery Type

8.5.2. By Recycling Process

8.5.3. By Vehicle Type

8.5.4. By Country

8.5.4.1. Saudi Arabia

8.5.4.2. UAE

8.5.4.3. Others

8.6. Asia Pacific

8.6.1. By Battery Type

8.6.2. By Recycling Process

8.6.3. By Vehicle Type

8.6.4. By Country

8.6.4.1. China

8.6.4.2. Japan

8.6.4.3. India

8.6.4.4. South Korea

8.6.4.5. Taiwan

8.6.4.6. Others

9. COMPETITIVE ENVIRONMENT AND ANALYSIS

9.1. Major Players and Strategy Analysis

9.2. Market Share Analysis

9.3. Mergers, Acquisitions, Agreements, and Collaborations

9.4. Competitive Dashboard

10. COMPANY PROFILES

10.1. Umicore

10.2. Bosch

10.3. ACCUREC-Recycling GmbH

10.4. Li-Cycle Corp.

10.5. Neometals Ltd 

10.6. Gopher Resource

10.7. Terrapure BR Ltd.

10.8. Ecobat Logistics

10.9. Call2Recycle

10.10. Exide Technologies

Umicore

Bosch

ACCUREC-Recycling GmbH

Li-Cycle Corp.

Neometals Ltd 

Gopher Resource

Terrapure BR Ltd.

Ecobat Logistics

Call2Recycle

Exide Technologies