Battery Recycling Market Size, Share, Opportunities, And Trends By Chemistry (Lithium-ion, Lithium Polymer, Lead-acid, Nickel Metal Hydride, Others), By Source (Automotive, Industrial, Consumer and Electronic appliance), And By Geography - Forecasts From 2025 To 2030

Battery Recycling Market Size:

The Battery Recycling Market is expected to grow from US$24.990 billion in 2025 to US$40.094 billion in 2030, at a CAGR of 9.92%.

Battery recycling refers to the process of collecting old/ used batteries for the purpose of reprocessing them and making them ready for reuse. Battery recycling as an industry has grown in the past few years due to the growing concerns of these used batteries being disposed into landfills leading to soil and water pollution. In today’s digital world, the use of electronic devices such as smartphones, laptops, power banks, etc. which need batteries to run has grown by leaps and bounds. Over time and with regular use, the efficiency of these batteries reduces, leading people to discard them. Upon discarding, these batteries end up in landfills causing environmental problems. This can be avoided by the process of recycling batteries which not only reduces them being thrown away but also ensures a supply of usable batteries for wide applications such as being used in electric vehicles, among other use cases. From these batteries, valuable metals are recovered so that they can be converted into active cathode materials for the production of new rechargeable batteries. There are different types of batteries and each one has its own chemical composition and recycling method. One of these types of batteries is a lithium polymer battery. A lithium polymer battery is composed mainly of cathode, anode, and solid electrolyte, the solid electrolyte being a dry solid, a porous chemical compound; or, a gel-like electrolyte. Now lithium polymer or Li-Po batteries shouldn’t be confused with lithium-ion batteries as Li-Po batteries have their pros and cons over the more popular lithium-ion batteries as well as their own chemical composition. Unlike lithium-ion batteries, Li-Po batteries are lightweight and ensure greater safety, have an extremely low profile, and have a lower chance of suffering from leaking electrolytes. Though with greater benefits, comes a higher price tag as Li-Po batteries are expensive than other battery types. Thus, more research and development are needed for Li-Po batteries to go mainstream and have wider applications. Stringent government policies, environmental concerns, and increasing adoption of electric vehicles are contributing to the growth of the recycled polymer battery market.

Though Li-Po batteries have increasing applications in different industries, innovations and improvements are needed for the growth of the recycled polymer battery market. Polymer batteries are more expensive as compared to other battery types, have lower energy density and lifespan.

Battery Recycling Market Segmentation Analysis:

• The Battery Recycling market has been segmented into chemistry, source, end-use, and geography.

By chemistry, the market has been segmented into Lithium-ion, Lithium Polymer, Lead-acid, Nickle Metal Hydride batteries among others. Lead-acid is anticipated to be the biggest segment as lead is highly recyclable and also very dangerous for the environment if disposed of in an unsafe manner.

By source, the market has been segmented into automotive, industrial and consumer, and electronic appliance batteries. The industrial segment contributes the highest to the growth of this market as batteries that are used in industrial equipment such as forklifts etc. are large in number. It is due to the fact that industrial equipment uses lead-acid batteries which are highly recyclable in nature,

By end-use, the market has been segmented into industrial, transportation, consumer electronics, and others. The transportation segment is projected to witness good growth as there is an increasing need for batteries for electric vehicles.

By geography, the market can be segmented into North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific. Europe leads the way in the battery recycling market as there are stringent government policies regarding pollution and in favor of recycling.

Battery Recycling Market Growth Factors:

• Stringent Government Policies

Governments all around the world have policies in place regarding the disposal of hazardous materials and thus battery recycling ensures that batteries that would normally be disposed of as material waste in landfills would now be collected and recycled.

• Access to raw materials

Since the manufacturing of batteries like lead-acid, nickel batteries requires raw materials from the earth which are depleting and becoming harder by the day to access and utilize at economical costs, recycling has come forward as a viable option.

• Increasing use

With rapid urbanization leading to increased use of new-age devices such as laptops, smartphones, and tablets and with increasing adoption of electric vehicles, the demand for recycled batteries that can be widely used is on the rise.

Battery Recycling Market Restraints:

• Innovations in current technology

With the decreasing costs of manufacturing batteries, a lot of players in the industry are focussing on providing batteries at cheap costs with increased energy density than focus on improving the technology required for recycling batteries which may act as a barrier to the market growth.

Battery Recycling Market Competitive Insights:

The battery recycling market is a competitive and saturated market with a number of big and small players catering to local and international demands. Prominent/major key market players in the battery recycling market include Call2Recycle, Battery Solutions, LLC, Exide Technologies, Umicore, Exide Industries Ltd, among others. The players in the battery recycling market are implementing various growth strategies to gain a competitive advantage over their competitors in this market. Major market players in the market have been covered along with their relative competitive strategies and the report also mentions recent deals and investments of different market players over the last few years. The company profiles section details the business overview, financial performance (public companies) for the past few years, key products and services being offered along with the recent deals and investments of these important players in the global battery recycling market.

Battery Recycling Market Scope:

Report Metric	Details
Battery Recycling Market Size in 2025	US$24.990 billion
Battery Recycling Market Size in 2030	US$40.094 billion
Growth Rate	CAGR of 9.92%
Study Period	2020 to 2030
Historical Data	2020 to 2023
Base Year	2024
Forecast Period	2025 – 2030
Forecast Unit (Value)	USD Billion
Segmentation	Chemistry Source Geography
Geographical Segmentation	North America, South America, Europe, Middle East and Africa, Asia Pacific
List of Major Companies in Battery Recycling Market	Neometals Ltd Raw Materials Company Umicore SA Akkuser Oy Veolia
Customization Scope	Free report customization with purchase

 

The battery recycling market is analyzed into the following segments:

• By Chemistry
  • Lithium-ion
  • Lithium Polymer
  • Lead-acid
  • Nickel Metal Hydride
  • Others
• By Source
  • Automotive
  • Industrial
  • Consumer and Electronic appliance
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • Germany
    • United Kingdom
    • France
    • Spain
    • Italy
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • South Africa
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Others

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1. Introduction

1.1. Market Definition

1.2. Market Segmentation

2. Research Methodology

2.1. Research Data Sources

2.2. Assumptions

3. Executive Summary

3.1. Key Findings and Research Highlights

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

4.4. Industry Value Chain Analysis

5. Global Battery Recycling Market Analysis, By Battery Chemistry

5.1. Introduction

5.2. Lithium-ion Batteries

5.3. Lead-acid Batteries

5.4. Nickel-Cadmium (Ni-Cd) Batteries

5.5. Nickel Metal Hydride (NiMH) Batteries

5.6. Others

6. Global Battery Recycling Market Analysis, By Recycling Process

6.1. Introduction

6.2. Pyrometallurgical Process

6.3. Hydrometallurgical Process

6.4. Direct Physical Recycling

6.5. Hybrid / Emerging Technologies

7. Global Battery Recycling Market Analysis, By Source

7.1. Introduction

7.2. Automotive

7.3. Industrial

7.4. Consumer Electronics

7.5. Energy Storage Systems

7.6. Others

8. Global Battery Recycling Market Analysis, By Business Model

8.1. Introduction

8.2. Battery Collection Services

8.3. Refining & Materials Recovery

8.4. Battery Reuse / Second Life

8.5. Recycling-as-a-Service (RaaS)

9. Global Battery Recycling Market Analysis, By Geography

9.1. Introduction

9.2. North America

9.2.1. By Battery Chemistry

9.2.2. By Source

9.2.3. By Country

9.2.3.1. United States

9.2.3.2. Canada

9.2.3.3. Mexico

9.3. South America

9.3.1. By Battery Chemistry

9.3.2. By Source

9.3.3. By Country

9.3.3.1. Brazil

9.3.3.2. Others

9.4. Europe

9.4.1. By Battery Chemistry

9.4.2. By Source

9.4.3. By Country

9.4.3.1. Germany

9.4.3.2. United Kingdom

9.4.3.3. France

9.4.3.4. Spain

9.4.3.5. Italy

9.4.3.6. Others

9.5. Middle East & Africa

9.5.1. By Battery Chemistry

9.5.2. By Source

9.5.3. By Country

9.5.3.1. Saudi Arabia

9.5.3.2. UAE

9.5.3.3. South Africa

9.5.3.4. Others

9.6. Asia Pacific

9.6.1. By Battery Chemistry

9.6.2. By Source

9.6.3. By Country

9.6.3.1. China

9.6.3.2. Japan

9.6.3.3. India

9.6.3.4. South Korea

9.6.3.5. Australia

9.6.3.6. Others

10. Competitive Landscape

10.1. Overview of Key Players

10.2. Strategic Initiatives & Developments

10.3. Emerging Players and Market Attractiveness

10.4. Vendor Competitiveness Matrix

11. Company Profiles

11.1. Accurec Recycling GmbH

11.2. Aqua Metals Inc.

11.3. Battery Solutions Inc.

11.4. Battery Recycling Made Easy

11.5. Call2Recycle Inc.

11.6. Ecobat LLC

11.7. Exide Technologies LLC

11.8. Neometals Ltd

11.9. Raw Materials Company Inc.

11.10. Umicore n.v.

11.11. Akkuser Oy

11.12. Veolia Environnement SA

11.13. Li-Cycle Holdings Corp.

11.14. Redwood Materials Inc.

11.15. Cirba Solutions

11.16. Glencore PLC

Accurec Recycling GmbH

Aqua Metals Inc.

Battery Solutions Inc.

Call2Recycle Inc.

Ecobat LLC

Exide Technologies LLC

Neometals Ltd

Umicore n.v.

Akkuser Oy

Veolia Environnement SA

Li-Cycle Holdings Corp.

Redwood Materials Inc.

Cirba Solutions

Glencore PLC