Battery Recycling Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Battery Recycling Market Report is Segmented by Battery Type (Lead-Acid Battery, Nickel-Based Battery, Lithium-Ion Battery, and Other Battery Types) and Geography (North America, Europe, Asia-Pacific, South America, and Middle East and Africa). The Report Offers the Market Size and Forecasts for the Battery Recycling Market in Terms of Revenue (USD) for all the Above Segments.

Battery Recycling Market Size

Battery Recycling Market (2025 - 2030)

Battery Recycling Market Analysis

The Battery Recycling Market size is estimated at USD 19.31 billion in 2025, and is expected to reach USD 33.22 billion by 2030, at a CAGR of 11.46% during the forecast period (2025-2030).

Factors such as the increasing adoption of electric vehicles, rising concerns over battery waste disposal, and stringent government policies​ are likely to drive the battery recycling market in the forecast period.

On the other hand, higher costs, lack of a strong supply chain, and low yield related to battery recycling are expected to hinder market growth in the coming years.

Nevertheless, technological innovations in battery recycling strategies create tremendous opportunities for market development.

Europe is expected to be the fastest-growing market during the forecast period due to the rising number of battery applications. This growth is due to the growing battery usage in electric vehicles (EVs).

Battery Recycling Industry Overview

The battery recycling market is moderately fragmented. Some of the major players in the market (in no particular order) include Umicore SA, Glencore PLC, Eco-Bat Technologies Ltd, Li-Cycle Holdings Corp., and Exide Industries Limited.

Battery Recycling Market Leaders

  1. Glencore PLC

  2. Li-Cycle Holdings Corp.

  3. Exide Industries Limited

  4. Umicore SA

  5. Eco-Bat Technologies Ltd

  6. *Disclaimer: Major Players sorted in no particular order
Battery Recycling Market Concentration
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Battery Recycling Market News

  • December 2023: Toyota and Criba Solution entered a partnership to expand the recycling network, involving the gathering, storing, examining, and handling of batteries to support the growing electric vehicle (EV) industry. The aim was to reduce Toyota's transportation and logistics costs for used batteries by 70% while also cutting down on emissions related to transportation. Additionally, this process is expected to enable the recovery of up to 95% of essential minerals.
  • December 2023: One of India's top sustainable energy transition materials producers, LOHUM Cleantech, expanded into the UAE market by establishing one of the first EV battery recycling plants in the country in partnership with the Ministry of Energy & Infrastructure, UAE, and BEEAH. This supports the country’s COP28 agenda, Net Zero by 2050 Strategic Initiative, Circular Economy Policy, and emissions-free mobility goals.
  • October 2023: ACE Green Recycling (ACE) entered a Cooperative Research and Development Agreement (CRADA) with the United States Department of Energy's National Renewable Energy Laboratory (NREL) to enhance and refine ACE's eco-friendly and affordable lithium-ion battery recycling technology. This partnership was to improve the recycling process for graphite, lithium-iron phosphate (LFP), and other cathode-active materials.

Battery Recycling Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Scope of the Study
  • 1.2 Market Definition and Study Assumptions

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET OVERVIEW

  • 4.1 Introduction
  • 4.2 Market Size and Demand Forecast in USD billion, till 2030
  • 4.3 Recent Trends and Developments
  • 4.4 Government Policies and Regulations
  • 4.5 Market Dynamics
    • 4.5.1 Drivers
    • 4.5.1.1 Increasing Adoption Of Electric Vehicles
    • 4.5.1.2 Growing Concern for Battery Waste Disposal and Stringent Government Policies​
    • 4.5.2 Restraints
    • 4.5.2.1 High Cost of Recycling Operations
  • 4.6 Supply Chain Analysis
  • 4.7 Porter's Five Forces Analysis
    • 4.7.1 Bargaining Power of Suppliers
    • 4.7.2 Bargaining Power of Consumers
    • 4.7.3 Threat of New Entrants
    • 4.7.4 Threat of Substitute Products and Services
    • 4.7.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 Battery Type
    • 5.1.1 Lead-Acid Battery
    • 5.1.2 Nickel Battery
    • 5.1.3 Lithium-ion battery
    • 5.1.4 Other Battery Types
  • 5.2 Geography
    • 5.2.1 North America
    • 5.2.1.1 United States
    • 5.2.1.2 Canada
    • 5.2.1.3 Rest of North America
    • 5.2.2 Europe
    • 5.2.2.1 Germany
    • 5.2.2.2 France
    • 5.2.2.3 United Kingdom
    • 5.2.2.4 Italy
    • 5.2.2.5 Spain
    • 5.2.2.6 NORDIC
    • 5.2.2.7 Turkey
    • 5.2.2.8 Russia
    • 5.2.2.9 Rest of Europe
    • 5.2.3 Asia-Pacific
    • 5.2.3.1 China
    • 5.2.3.2 India
    • 5.2.3.3 Japan
    • 5.2.3.4 Australia
    • 5.2.3.5 Malaysia
    • 5.2.3.6 Thailand
    • 5.2.3.7 Indonesia
    • 5.2.3.8 Vietnam
    • 5.2.3.9 Rest of Asia-Pacific
    • 5.2.4 South America
    • 5.2.4.1 Brazil
    • 5.2.4.2 Argentina
    • 5.2.4.3 Chile
    • 5.2.4.4 Colombia
    • 5.2.4.5 Rest of South America
    • 5.2.5 Middle East and Africa
    • 5.2.5.1 Saudi Arabia
    • 5.2.5.2 United Arab Emirates
    • 5.2.5.3 South Africa
    • 5.2.5.4 Qatar
    • 5.2.5.5 Egypt
    • 5.2.5.6 Nigeria
    • 5.2.5.7 Rest of Middle East and Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Strategies Adopted by Leading Players
  • 6.3 Company Profiles
    • 6.3.1 Accurec Recycling GmbH
    • 6.3.2 Aqua Metals Inc.
    • 6.3.3 Battery Recycling Made Easy LLC
    • 6.3.4 Call2Recycle Inc.
    • 6.3.5 Eco-Bat Technologies Ltd
    • 6.3.6 Exide Technologies
    • 6.3.7 Neometals Ltd
    • 6.3.8 Lohum Cleantech Private Limited
    • 6.3.9 Contemporary Amperex Technology Co. Limited
    • 6.3.10 Glencore PLC
    • 6.3.11 Akkuser OY
    • 6.3.12 Li-Cycle Holdings Corp.
    • 6.3.13 Umicore SA
    • 6.3.14 Princeton Nuenergy Inc.
    • 6.3.15 Batx Energies Pvt. Ltd
    • 6.3.16 TES-AMM Pte Ltd
    • 6.3.17 Cirba Solutions
  • *List Not Exhaustive
  • 6.4 Market Ranking Analysis

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  • 7.1 Technological Innovations in the Battery Recycling
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Battery Recycling Industry Overview

Battery recycling is the practice of reusing and reprocessing batteries to reduce the quantity disposed of as material waste. Batteries comprise several poisonous chemicals and heavy metals, and their disposal has attracted environmental concerns due to contamination of water and soil. As such, batteries need recycling to comply with environmental and health benefits.

The battery recycling market is segmented by battery type and geography. By battery type, the market is segmented into lead-acid battery, nickel-based battery, lithium-ion battery, and other battery types. The report also covers the market size and forecasts across major regions.

The report offers the market size and forecasts for each segment based on revenue (in USD).

Battery Type Lead-Acid Battery
Nickel Battery
Lithium-ion battery
Other Battery Types
Geography North America United States
Canada
Rest of North America
Europe Germany
France
United Kingdom
Italy
Spain
NORDIC
Turkey
Russia
Rest of Europe
Asia-Pacific China
India
Japan
Australia
Malaysia
Thailand
Indonesia
Vietnam
Rest of Asia-Pacific
South America Brazil
Argentina
Chile
Colombia
Rest of South America
Middle East and Africa Saudi Arabia
United Arab Emirates
South Africa
Qatar
Egypt
Nigeria
Rest of Middle East and Africa
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Battery Recycling Market Research Faqs

How big is the Battery Recycling Market?

The Battery Recycling Market size is expected to reach USD 19.31 billion in 2025 and grow at a CAGR of 11.46% to reach USD 33.22 billion by 2030.

What is the current Battery Recycling Market size?

In 2025, the Battery Recycling Market size is expected to reach USD 19.31 billion.

Who are the key players in Battery Recycling Market?

Glencore PLC, Li-Cycle Holdings Corp., Exide Industries Limited, Umicore SA and Eco-Bat Technologies Ltd are the major companies operating in the Battery Recycling Market.

Which is the fastest growing region in Battery Recycling Market?

Europe is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Battery Recycling Market?

In 2025, the Asia-Pacific accounts for the largest market share in Battery Recycling Market.

What years does this Battery Recycling Market cover, and what was the market size in 2024?

In 2024, the Battery Recycling Market size was estimated at USD 17.10 billion. The report covers the Battery Recycling Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Battery Recycling Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Battery Recycling Industry Report

Statistics for the 2025 Battery Recycling market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Battery Recycling analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Battery Recycling Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)