EV Battery Recycling Market expected to reach US$23.393 billion by 2030

ev battery recycling market

EV Battery Recycling Market Trends & Forecast:

The EV battery recycling market is projected to grow at a CAGR of 15.30% to reach a market size of US$23.393 billion by 2030 from US$11.482 billion in 2025, according to a new report by Knowledge Sourcing Intelligence. The factors that are driving the growth of the market are rising electric vehicle (EV) sales, rising concerns about the environment, increasing costs of batteries, advances in technology, investment in recycling infrastructure, and collaboration across various industrial ecosystems. Increased adoption of EVs is increasing the volume of batteries reaching end-of-life, which necessitates sustainable disposal across the globe. Recycling is a means of recovering valuable materials such as lithium, cobalt, and nickel for use in new batteries.

Furthermore, governments around the world are setting up waste management practices and carbon emission reduction regulations to promote the implementation of circular economy initiatives. Recycling reduces the increasing costs of critical materials such as lithium, nickel, and cobalt that directly raise the cost of production for batteries. Further, the latest advancements in recycling technologies, including hydrometallurgy and direct recycling technologies, improve their efficiencies and cost savings. Growing investment in recycling infrastructures is considered to meet the sudden rise in demand for recycled battery materials contributing to the market expansion.

➥ View a sample of the report or purchase the complete study at: EV Battery Recycling Market Report

EV Battery Recycling Market Report Highlights:

  • The lead-acid battery segment is estimated to attain greater market share by 2030 in the battery type segment, the segment is expected to grow due to the wide range of applications and recycling efficiency. A cost-effective and reliable process dealing with its basic materials, namely lead and plastics. The industry has an established infrastructure with dedicated collection systems and efficient recycling facilities, providing high recovery rates of lead and other materials in these batteries. Further, regulatory support leads to manufacturers properly handling batteries reaching the end of their life, further enhancing recycling potential and supporting the circular economy in this segment.
  • The hydrometallurgical process is the fastest-growing segment in the EV battery recycling market in recycling process segment due to efficiency in recovering critical materials like lithium, cobalt, and nickel. The process of chemical leaching with an outlet for high-purity metal recovery makes this process the most favorable for lithium-ion battery recycling. Since EV adoption drives the increased worldwide demand for materials, hydrometallurgical recycling provides an avenue for sustainably securing the supply chain while reducing the need for mining.
  • The passenger vehicle segment in vehicle type is the largest in the market because there are a larger number of passenger EVs on the road than commercial vehicles as of this timeframe. Factors propelling the growth of this segment include a volume of end-of-life batteries and frequent replacement of vehicles along with increasing adoption trends for EVs because of environmental benefits and government incentives. Further, the fast urbanization and mobile trends are also propelling this segment.
  • North America dominates the market due to the region’s growing EV adoption rate, steady supply of used batteries, and drive toward sustainability and carbon footprint reduction. The battery recycling-related programs are witnessing increasing prioritization by governments and corporations across the region with the aid of investment and policies. North American regional companies have built recycling facilities such as Li-Cycle one of those that efficiently handle lithium-ion batteries.

EV Battery Recycling Market Segmentation:

Knowledge Sourcing Intelligence has segmented the EV Battery Recycling Market based on battery type, recycling process, vehicle type, and region:

EV Battery Recycling Market, 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

EV Battery Recycling Market, By Recycling Process

  • Pyrometallurgical
  • Hydrometallurgical
  • Others
    • Mechanical
    • Others

EV Battery Recycling Market, By Vehicle Type

  • Passenger Vehicles
  • Commercial Vehicles

EV Battery Recycling Market, By Region

  • North America
    • USA
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Others
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Taiwan
    • Thailand
    • Indonesia
    • Others
  • South America
    • Brazil
    • Argentina
    • Others
  • Middle East and Africa (MEA)
    • Saudi Arabia
    • UAE
    • Others

EV Battery Recycling Market Key Players:

  • Umicore
  • Bosch
  • ACCUREC-Recycling GmbH
  • Li-Cycle Corp.
  • Neometals Ltd
  • Gopher Resource
  • Terrapure BR Ltd.
  • Ecobat Logistics
  • Call2Recycle
  • Exide Technologies

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