Global Battery Recycling Market Forecast 2035:
According to the report, the global battery recycling market is likely to grow from USD 27.1 Billion in 2025 to USD 71.3 Billion in 2035 at a highest CAGR of 9.2% during the time period. Electrification of transportation vehicles, the proliferation of energy storage projects, and the rising policy-driven insistence to close the loop on the utilization of critical minerals are speeding up the growth of a global battery recycling market. With electric vehicles (EVs) moving into high number production, they will soon hit the mass markets and in turn, increase volumes of end-of-life lithium-ion batteries, which are sharply leading into formal recovery structures by governments and manufacturers themselves.
The focus on recycling to reduce the risk in the supply of raw materials, especially lithium, cobalt, and nickel, is also being considered due to geopolitical tensions and limited mining capabilities. At the same time, the technological change occurs in hydrometallurgical and direct recycling technologies, increasing the level of extraction and decreasing the environmental impact, which means that recycling is becoming a more feasible economic option.
Recycled battery material is increasingly being used in production of new batteries by major companies, advancing a target of circularity and aligning with emerging regulations, such as carbon border adjustments and content traceability. With the increasing global energy transformation, battery recycling is growing into a pillar in support of the sustainable and secure supply chain.
“Key Driver, Restraint, and Growth Opportunity Shaping the Global Battery Recycling Market
The increasing focus on corporate environmental, social, and corporate governance (ESG) guidelines are compelling large battery manufacturers and auto companies to consider battery recycling as an essential sustainability role. Closed-loop supply chains also is rising among the companies whereby the materials that are used are recycled into the production of new materials to minimize emissions and virgin mining. Companies like Panasonic and Stellantis publicly listed their targets to draw more battery inputs sourced within recycled materials in their net-zero-related targets. This ESG-fueled momentum is fixing battery recycling into the long-term strategic operations.
A new potential is seen in the possibility to capture synergies between battery recycling and comprehensive urban mining activities, which also recover critical minerals in waste electronics. There are also various amounts of small electronics with lithium-ion batteries, value metals and, wearables such as smartphones and power tools. Companies that carry out e-waste and battery waste co-processing on an industrial scale could profitably diversify their input streams, reduce their operational costs to a minimum, and generate new revenue streams particularly as the turnover of consumer electronics equipment increases and e-waste policy takes a more stringent turn toward mandatory e-wastes recovery across the globe.
"Impact of Global Tariff Policies on the Battery Recycling Market Growth and Strategy"
- Tariff rates are starting to shape the global battery recycling markets and size of markets, with regards to raw materials and processed battery components sourcing and trading competitiveness. A combination of the high import tariffs on vital battery supplies like lithium carbonate, cobalt sulfate, and nickel intermediates is triggering the re-double-down on the cross-border sourcing and movement towards domestic recycling. As an example, the United States put high tariffs in the last quarter of 2024 on a number of the Chinese-origin cathode active materials in strategic trade policies. This has enormously increased the tariffs on bringing in recycled black mass and refined materials giving North American recyclers such as Li-Cycle and Redwood Materials to increase their domestic recovery and processing capabilities by two-fold to keep their business vertical independent of whims, caprices, and geopolitical instabilities.
- Likewise, the shifting tariff systems of the European Union as part of its Green Deal and the Circular Economy Action Plan are putting economic pressure to keep the battery materials inside the European Union, as well. Following the tariff pressure, in early 2025, Umicore came out with a strategy shift to target increased recycling in Belgium and Poland to ensure it did not have to shoulder the tariff escalated journey that comes with shipping Asia-produced processed battery metals. Such policy changes are not only re-altering the international movement of battery materials but it is also helping to increase investment in domestic and regional recycling centers, a pattern that adds to the phenomenon of supply chain localization and protecting operations in key markets against tariffs.
“Automotive Batteries Fueling Peak Demand in Recycling Source Stream”
- The automotive battery is the largest source segment in the battery recycling market because of the bulky lithium-ion pack size and material density of packs used in electrical cars. Lithium, cobalt, and nickel are of great substance in each EV battery, which is economically lucrative to acquire with high yields. In May 2025, Glencore started introducing an increased number of battery collection activities in Europe to handle mounds of used EV batteries, which are provided by large car manufacturers.
- Also, the total lifecycle of automotive batteries that arrived at the end-of-life is already approaching the initial EV adoption trend in China, Europe, and the U.S. wherein EVs that went on sale between 2015-2018 are reaching their retirement date. Retriev Technologies recorded the highest intake of EV batteries in June 2025, with an influential indication of the prevailing trend as it registered a solid 30-percent jump throughout its facilities in the United States.
- The scale, composition, and maturity of the EV batteries constitute the most condemned and repetitive input globally on battery recycling.
Regional Analysis of Global Battery Recycling Market
- The demand in the global battery recycling market is the highest in Asia Pacific because the region has superior battery production capacity, EV saturation, and better enforcement of the recycling protocols in the region. In April 2025, GEM Co., Ltd. opened the third-generation automated processing facility of black masses in the Hunan Province, which made 150, 000 tons possible a year and strengthened Chinese recovery leadership in volume. There is no region where recycling has been integrated in the industrial policy dynamics to the same extent as in the region.
- Asia Pacific is the epicenter of the global battery recycling demand with a thick production ecosystem and like-minded policy.
- North America is recording the fastest growth as federal investments are soaring, battery production is increasing and internal supply chain security projects are on the rise. In May of 2025, the U.S. Department of Energy financed ABTC to produce its lithium recovery technology on an industrial scale to expedite the progress in the development of recycling capacities in the region.
Prominent players operating in the global battery recycling market are Accurec Recycling GmbH, American Battery Technology Company (ABTC), Aqua Metals, Inc., Batrec Industrie AG, Battery Solutions LLC, Call2Recycle, Inc., Duesenfeld GmbH, Ecobat, Envirostream Australia Pty Ltd., Fortum Oyj, GEM Co., Ltd., Glencore plc, Li-Cycle Holdings Corp., Neometals Ltd., Raw Materials Company Inc. (RMC), Redwood Materials, Inc., Retriev Technologies Inc., SungEel HiTech Co., Ltd., TES – Sustainable Technology Solutions, Umicore, and Other Key Players.
The global battery recycling market has been segmented as follows:
Global Battery Recycling Market Analysis, by Battery Type
- Lead-Acid Batteries
- Lithium-ion Batteries
- Nickel-Cadmium Batteries
- Nickel-Metal Hydride Batteries
- Alkaline Batteries
- Other Batteries (e.g., Zinc-carbon, Silver-oxide)
Global Battery Recycling Market Analysis, by Chemistry
- Lithium-Nickel-Manganese-Cobalt Oxide (NMC)
- Lithium-Iron-Phosphate (LFP)
- Lithium-Cobalt Oxide (LCO)
- Lithium-Nickel-Cobalt-Aluminum Oxide (NCA)
- Lithium-Titanate (LTO)
- Lead-based
- Nickel-based
- Others
Global Battery Recycling Market Analysis, by Source
- Automotive Batteries
- Electric Vehicles (EVs)
- Internal Combustion Engine (ICE) vehicles
- Industrial Batteries
- Uninterruptible Power Supplies (UPS)
- Machinery & Equipment
- Grid Energy Storage
- Others
- Consumer & Electronic Device Batteries
- Smartphones
- Laptops
- Wearables
- Others
- Others (Marine, Railway, Military, etc.)
Global Battery Recycling Market Analysis, by Recycling Process/ Technology
- Mechanical/Physical Recycling
- Pyrometallurgical Recycling (smelting)
- Hydrometallurgical Recycling (leaching)
- Direct/Closed-loop Recycling
- Hybrid Recycling Techniques
- Others
- Lead
- Lithium
- Cobalt
- Nickel
- Graphite
- Manganese
- Plastic and Electrolyte Fluids
- Others
Global Battery Recycling Market Analysis, by End-Use Industry
- Automotive
- Consumer Electronics
- Industrial
- Energy & Utilities (Energy Storage Systems)
- Defense
- Others (Telecom, Marine, Aviation, etc.)
Global Battery Recycling Market Analysis, by Region
- North America
- Europe
- Asia Pacific
- Middle East
- Africa
- South America
About Us
MarketGenics is a global market research and management consulting company empowering decision makers from startups, Fortune 500 companies, non-profit organizations, universities and government institutions. Our main goal is to assist and partner organizations to make lasting strategic improvements and realize growth targets. Our industry research reports are designed to provide granular quantitative information, combined with key industry insights, aimed at assisting sustainable organizational development.
We serve clients on every aspect of strategy, including product development, application modeling, exploring new markets and tapping into niche growth opportunities.
Contact US
USA Address:
800 N King Street Suite 304 #4208 Wilmington, DE 19801 United States.
+1(302)303-2617
info@marketgenics.co
India Address:
3rd floor, Indeco Equinox, Baner Road, Baner, Pune, Maharashtra 411045 India.
sales@marketgenics.co