Global Lithium-Ion Battery Recycling Market Size, Share, Opportunities, And Trends By Type (Hydrometallurgy (Chemical Leaching), Pyrometallurgy (Smelting), Others), By Chemistry (Lithium-Cobalt Oxide (LCO), Lithium-Iron Phosphate (LFP), Nickel Manganese Cobalt Oxide (NMC), Others), By Recycling Process (Physical/Mechanical, Hydrometallurgical, Pyrometallurgical), By Industry (Automotive, Consumer Electronics, Communication & Technology, Energy & Power), And By Geography- Forecasts From 2025 To 2030

Lithium-Ion Battery Recycling Market Size:

The Global Lithium-Ion Battery Recycling Market is expected to grow at a compound annual growth rate (CAGR) of 15.08% from US$1,459.278 million in 2025 to US$2,945.193 million in 2030.

Lithium-Ion Battery Recycling Market Trends:

The global lithium-ion (Li-ion) battery recycling market is driven by the growing electric vehicle (EV) and electronics market, adding to the volume of used lithium-ion batteries. The rising regulatory pressure and environmental consciousness for sustainable disposal of used lithium-ion batteries and the demand for efficient recycling solutions to recover valuable materials are driving this market expansion. Advancements in the recycling technology of lithium-ion are also propelling this market’s growth.

Lithium-Ion Battery Recycling Market Growth Opportunities:

The global lithium-ion battery recycling market is witnessing significant growth driven by two major factors:

• Growing Electric Vehicle and Electronics Sector: A major factor driving the growth of Li-Ion battery recycling is the rising focus on EV manufacturing and adoption worldwide. According to the International Energy Agency (IEA) Global EV Outlook 2024 report, global electric car sales reached 14 million in 2023. The sales in 2023 were 3.5 million higher than in 2022, which means a 35% year-on-year increase and 6 times higher than in 2018. This data highlights the growing electric vehicle market, driving the demand for lithium-ion batteries at a faster rate.

As the production of EVs has been continuously rising over the past few years, the demand for Li-Ion batteries has also increased. Since these batteries have a short life span of around 2-3 years, this increase in demand for lithium-ion batteries across the booming EV sector is also driving the lithium-ion battery recycling market growth.    

The growing electronics industry is driving the lithium-ion battery recycling market. Rising disposable incomes, increasing urbanization, and technological advancements, including the miniaturization of electronics and electrical components, have boosted both sales and production of consumer electronics worldwide in recent years. Technological advancements such as artificial intelligence (AI) and machine learning (ML), along with the continuously declining prices of consumer electronic products, are further encouraging their continued consumption. With China being the world's largest producer, exporter, and consumer of consumer electronics, according to the Ministry of Industry and Information Technology (MIIT), the country's expanding production volume of the consumer electronics industry can be associated with the growing demand for lithium-ion batteries globally. Countries such as Japan, South Korea, and India have also witnessed a significant increase in production and the sale of consumer electronics.  

With all this sales volume of consumer electronics that use Li-ion batteries, the demand for recycling services is also increasing significantly, fueling the lithium-ion battery recycling market expansion. 

• Advancement in Recycling Technology: Researchers worldwide are continuously working on productivity improvement and, thus, the basic economics of recycling. Continuous R&D investments, both public and private, are being invested in developing and improving the existing lithium battery recycling technologies.

For instance, the United States Department of Energy (DOE) launched its first lithium-ion battery recycling R&D center, ReCel, in January 2019. This US$15 million investment aims to advance the recycling technology to make the recycling process profitable while reducing the country's dependence on other countries/regions for battery materials. In 2023, it announced $2 million for rejuvenating, recycling, and reusing Li-ion battery programs. Recently, the U.S. Department of Energy Ames National Laboratory developed a new recycling process that does not require chemicals or heat and allows the recovery of more lithium from spent batteries than other recycling methods. These advancements in lithium-ion battery recycling technology are projected to spur the recycling process, driving the lithium-ion market growth over the next five years.

Global Lithium-Ion Battery Recycling Market Segmentation Analysis by Recycling Process

• Physical/Mechanical: The physical or mechanical recycling process involves the mechanical shredding of the battery components without using any chemicals to recover the battery components. Since this technology or recycling process does not need or require less investment, it has a decent market share. Though this segment is growing, its lower efficiency in recovering the battery components limits its growth.
• Hydrometallurgical: The hydrometallurgical recycling process involves using water-based or aqueous solutions for recovering the components of lithium-ion batteries. This process has a higher recovery rate of around 90 to 95 percent, thus leading to its market growth. The rising technological advancement also drives the segment’s growth.
• Pyrometallurgical: Pyrometallurgical is another recycling process with a considerable market share in lithium-ion battery recycling. This process involves heating batteries at higher temperatures to remove the parts or metals. However, the growing market of hydrometallurgy will slow the growth of this process as it has a lower recovery rate than hydrometallurgical and requires energy consumption.

Lithium-Ion Battery Recycling Market Geographical Outlook:

• North America is forecasted to hold a major market share.

The North American region is expected to have a considerable share of the global lithium-ion battery recycling market. The government's growing support for sustainable battery disposal and rising investment in recycling infrastructure drive the market.

Europe is also anticipated to hold a considerable share in the global Li-Ion battery recycling due to the significant focus of the governments on developing advanced recycling infrastructure and technology to adopt sustainable use of resources. European Union is increasingly taking steps to recover valuable metals from used batteries to boost the recycling of valuable resources.

Lithium-Ion Battery Recycling Market – Competitive Landscape:

• Umicore N.V.
• Neometals Ltd.
• Li-Cycle Corp
• Duesenfeld GmbH
• Retriev Technologies

These companies are the major global lithium-ion battery recycling players and are anticipated to continue dominating the market. Their growing focus on technological development with advanced battery recycling technologies makes them key market players.

Lithium-Ion Battery Recycling Market Latest Developments:

• In September 2024, BMW and Redwood Materials partnered for the recycling of lithium-ion batteries from all-electric, plug-in-hybrid-electric, and mild hybrid vehicles of BMW, MINI, Rolls-Royce, and BMW Motorrad in the U.S.

Lithium-Ion Battery Recycling Market Scope:

Report Metric	Details
Lithium-Ion Battery Recycling Market Size in 2025	US$1,459.278 million
Lithium-Ion Battery Recycling Market Size in 2030	US$2,945.193 million
Growth Rate	CAGR of 15.08%
Study Period	2020 to 2030
Historical Data	2020 to 2023
Base Year	2024
Forecast Period	2025 – 2030
Forecast Unit (Value)	USD Million
Segmentation	Type Chemistry Recycling Process Industry Geography
Geographical Segmentation	North America, South America, Europe, Middle East and Africa, Asia Pacific
List of Major Companies in the Lithium-Ion Battery Recycling Market	Umicore N.V. Neometals Ltd. Li-Cycle Corp Duesenfeld GmbH Retriev Technologies
Customization Scope	Free report customization with purchase

 

Global Lithium-Ion Battery Recycling Market is analyzed into the following segments:

• By Type
  • Hydrometallurgy (chemical leaching)
  • Pyrometallurgy (smelting)
  • Others
• By Chemistry
  • Lithium-cobalt Oxide (LCO)
  • Lithium-iron Phosphate (LFP)
  • Nickel Manganese Cobalt Oxide (NMC)
  • Others
• By Recycling Process
  • Physical/Mechanical
  • Hydrometallurgical
  • Pyrometallurgical
• By Industry
  • Automotive
  • Consumer Electronics
  • Communication and Technology
  • Energy and Power
• By Geography
  • North America
    • United States
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Israel
    • Others
  • Asia Pacific
    • Japan
    • China
    • India
    • South Korea
    • Indonesia
    • Thailand
    • 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

3.2. Analyst View

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

5. GLOBAL LITHIUM-ION BATTERY RECYCLING MARKET BY TYPE

5.1. Introduction 

5.2. Hydrometallurgy (chemical leaching)

5.3. Pyrometallurgy (smelting)

5.4. Others

6. GLOBAL LITHIUM-ION BATTERY RECYCLING MARKET BY CHEMISTRY

6.1. Introduction

6.2. Lithium-cobalt Oxide (LCO)

6.3. Lithium-iron Phosphate (LFP)

6.4. Nickel Manganese Cobalt Oxide (NMC)

6.5. Others

7. GLOBAL LITHIUM-ION BATTERY RECYCLING MARKET BY RECYCLING PROCESS

7.1. Introduction

7.2. Physical/Mechanical

7.3. Hydrometallurgical

7.4. Pyrometallurgical

8. GLOBAL LITHIUM-ION BATTERY RECYCLING MARKET BY INDUSTRY

8.1. Introduction

8.2. Automotive

8.3. Consumer Electronics

8.4. Communication and Technology

8.5. Energy and Power

9. GLOBAL LITHIUM-ION BATTERY RECYCLING MARKET BY GEOGRAPHY

9.1. Introduction

9.2. North America

9.2.1. By Type

9.2.2. By Chemistry

9.2.3. By Recycling Process

9.2.4. By Industry

9.2.5. By Country

9.2.5.1. USA

9.2.5.2. Canada

9.2.5.3. Mexico

9.3. South America

9.3.1. By Type

9.3.2. By Chemistry

9.3.3. By Recycling Process

9.3.4. By Industry

9.3.5. By Country

9.3.5.1. Brazil

9.3.5.2. Argentina

9.3.5.3. Others

9.4. Europe

9.4.1. By Type

9.4.2. By Chemistry

9.4.3. By Recycling Process

9.4.4. By Industry

9.4.5. By Country

9.4.5.1. United Kingdom

9.4.5.2. Germany

9.4.5.3. France

9.4.5.4. Spain

9.4.5.5. Others

9.5. Middle East and Africa

9.5.1. By Type

9.5.2. By Chemistry

9.5.3. By Recycling Process

9.5.4. By Industry

9.5.5. By Country

9.5.5.1. Saudi Arabia

9.5.5.2. UAE

9.5.5.3. Others

9.6. Asia Pacific

9.6.1. By Type

9.6.2. By Chemistry

9.6.3. By Recycling Process

9.6.4. By Industry

9.6.5. By Country

9.6.5.1. China

9.6.5.2. Japan

9.6.5.3. South Korea

9.6.5.4. Australia

9.6.5.5. India

9.6.5.6. Indonesia

9.6.5.7. Thailand

9.6.5.8. Others

10. COMPETITIVE ENVIRONMENT AND ANALYSIS

10.1. Major Players and Strategy Analysis

10.2. Market Share Analysis

10.3. Mergers, Acquisitions, Agreements, and Collaborations

10.4. Competitive Dashboard

11. COMPANY PROFILES

11.1. Umicore N.V.

11.2. Neometals Ltd.

11.3. Li-Cycle Corp

11.4. Duesenfeld GmbH

11.5. Retriev Technologies

11.6. SNAM

11.7. Envirostream

11.8. Jiangxi Ganfeng Lithium Co. Ltd.

11.9. Fortum

Umicore N.V.

Neometals Ltd.

Li-Cycle Corp

Duesenfeld GmbH

Retriev Technologies

SNAM

Envirostream

Jiangxi Ganfeng Lithium Co. Ltd.

Fortum