Global Lithium-Ion Battery Recycling Market Size Likely to Grow at a CAGR of 25.6% By 2034

As per the Lithium-Ion Battery Recycling Market size analysis conducted by CMI Team, the global Lithium-Ion Battery Recycling market is expected to record a CAGR of 25.6% from 2025 to 2034. In 2025, the market size is projected to reach a valuation of USD 13.1 Billion. By 2034, the valuation is anticipated to reach USD 102 Billion.

Overview

According to industry experts at CMI, Recycling lithium-ion batteries means collecting them from different places, like cars, factories, homes, and electronics, and then using recycling ways to get metals back from the batteries. The global market estimate includes revenue made from selling recovered metals or elements, whether they are utilized to make batteries again or for other purposes. Reports say that most of the metals that are collected are only used to make batteries. The global lithium-ion battery recycling market is expected to grow because of government rules, safety for the environment, and more people being aware of the issue.

But over the forecast period, the growth of the lithium-ion battery recycling market is expected to be slowed by the wrong separation of toxic materials utilized in batteries, the wrong dismantling, and the wrong shredding. Factors including attractive battery design, easy battery installation, and protective layers that lower the risk of fire and short circuits are likely to create new growth opportunities in the global market.

Key Trends & Drivers

• Growing demand from end-use industry: Lithium-ion batteries are used in a lot of gadgets, such tablets, computers, and mobile phones, therefore the electrical and electronics industry is one of the main users of them. The electrical and electronics industries are booming, especially in new APAC countries like China, India, and Japan. This has made these energy sources even more important. The market for recycled lithium-ion batteries is also going to grow a lot in the coming several years since more and more sectors that utilize them want them. Also, a lot of countries are trying to find better ways to recycle batteries. For example, in June 2023, the US Department of Energy (DOE) announced that it would give more than $192 million to recycling batteries from consumer goods, set up an advanced battery research and development (R&D) partnership, and keep the Lithium-Ion Battery Recycling Prize going, which started in 2019. By 2027, the need for electric vehicles (EVs) and stationary energy storage is likely to expand by more than ten times. Investing in low-cost, long-lasting battery recycling is crucial to help keep the domestic supply chain for important materials safe, strong, and circular.

• Growing partnership: The growing partnership is expected to offer a potential opportunity to the market growth. For instance, in September 2025, American Battery Technology Company (ABTC) and Call2Recycle partnered to promote lithium-ion battery recycling for US customers. This deal expands ABTC’s business model from mostly business-to-business operations to include a direct-to-consumer recycling channel. This makes the circular economy for essential battery metals stronger.

Report Scope

SWOT Analysis

• Strengths: Rapid adoption of electric vehicles ensures a long-term, steady supply of end-of-life battery materials. EV OEMs increasingly depend on recycled metals for supply-chain security.

• Weakness: Wide variability in pack formats, shapes, and chemistries increases dismantling complexity and cost.

• Opportunities: Automakers increasingly commit to using recycled metals to lower the carbon footprint of EV supply chains. Recycling enables compliance with mandatory recycled content laws (EU, North America).

• Threats: Strict guidelines on emissions, hazardous waste handling, and transport increase operational costs, posing a major threat to the market growth.

List of the prominent players in the Lithium-Ion Battery Recycling Market:

• ACCUREC RECYCLING GMBH
• Lithion Recycling Inc.
• AMERICAN BATTERY SOURCE CORPORATION
• Duesenfeld GmbH
• FORTUM
• Umicore
• Retriev Technologies Inc.
• LI-CYCLE CORP.
• GANFENG LITHIUM CO. LTD.
• AKKUSER OY
• Attero
• LOHUM
• ReBAT
• Metastable Materials Private Limited
• Lico
• Exxon Mobil Corporation
• SUNY GROUP
• Others

The Lithium-Ion Battery Recycling Market is segmented as follows:

By Battery Chemistry

• Lithium-Iron Phosphate
• Lithium-Manganese Oxide
• Lithium-Nickel-Cobalt-Aluminum Oxide
• Lithium-Nickel-Manganese Cobalt
• Lithium-Titanate Oxide

By Source

• Electric Vehicles
• Electronics
• Power Tools
• Others

By Recycling Process

• Hydrometallurgical Process
• Physical/Mechanical Process
• Pyrometallurgy Process

By End Use

• Automotive
• Non-Automotive

Regional Coverage:

North America

• U.S.
• Canada
• Mexico
• Rest of North America

Europe

• Germany
• France
• U.K.
• Russia
• Italy
• Spain
• Netherlands
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• New Zealand
• Australia
• South Korea
• Taiwan
• Rest of Asia Pacific

The Middle East & Africa

• Saudi Arabia
• UAE
• Egypt
• Kuwait
• South Africa
• Rest of the Middle East & Africa

Latin America

• Brazil
• Argentina
• Rest of Latin America