Global EV Battery Recycling Market Size Study & Forecast, by Vehicle Type (Passenger Car, Commercial Vehicle), by Battery Type (Lithium-ion, Lead-acid, Nickel, Others) and Regional Forecasts 2025-2035

Description

The Global EV Battery Recycling Market was valued at approximately USD 0.5 billion in 2024 and is poised to expand at a robust CAGR of 21.2% over the forecast period from 2025 to 2035. As electric mobility continues to scale up across global markets, the issue of end-of-life battery management has moved from a back-end concern to a strategic imperative. EV battery recycling refers to the systematic recovery of valuable materials such as lithium, cobalt, nickel, and manganese from spent batteries, allowing them to be reintroduced into the production cycle. This closed-loop approach not only reduces environmental burden but also addresses growing concerns around raw material scarcity and supply chain volatility. Accelerating EV adoption, tightening environmental regulations, and sustainability-driven corporate strategies are collectively propping up market momentum.

The sharp rise in electric vehicle penetration has directly translated into a swelling volume of retired batteries, thereby pushing demand for advanced recycling solutions. Governments across major economies are rolling out extended producer responsibility (EPR) frameworks, compelling automakers and battery manufacturers to take accountability for battery disposal and reuse. At the same time, volatile prices of critical battery metals have nudged stakeholders to double down on recycling as a cost-mitigation strategy. Technological breakthroughs in separation efficiency and material recovery rates are further sweetening the business case. However, high initial capital requirements and inconsistent recycling infrastructure across developing regions continue to temper market expansion during the early phases of the forecast period.

The detailed segments and sub-segments included in the report are:

By Vehicle Type:

Passenger Car
Commercial Vehicle

By Battery Type:

Lithium-ion
Lead-acid
Nickel
Others

By Process:

Pyrometallurgical
Hydrometallurgical

By Region:

North America

U.S.
Canada

Europe

UK
Germany
France
Spain
Italy
Rest of Europe

Asia Pacific

China
India
Japan
Australia
South Korea
Rest of Asia Pacific

Latin America

Brazil
Mexico

Middle East & Africa

UAE
Saudi Arabia
South Africa
Rest of Middle East & Africa

Passenger cars are expected to dominate the EV battery recycling landscape, accounting for the largest share of recycled battery volumes. This dominance stems from the sheer scale of passenger EV deployment across urban centers and consumer markets worldwide. As early-generation electric cars reach retirement age, recycling streams from this segment are set to multiply rapidly. Moreover, regulatory pressure on automakers to recover battery materials has sharpened focus on passenger vehicle batteries, given their standardized formats and comparatively easier dismantling processes. While commercial vehicles generate higher-capacity batteries, their slower fleet turnover places passenger cars firmly at the forefront of volume-driven dominance.

From a revenue standpoint, lithium-ion batteries currently lead the market, commanding the largest share of value generated across recycling operations. Lithium-ion chemistries dominate modern EV architectures due to their high energy density and performance efficiency, which in turn makes their recycled materials highly valuable. Hydrometallurgical processes, frequently paired with lithium-ion recycling, are gaining preference for their higher recovery rates and lower environmental footprint. Although lead-acid batteries maintain relevance in hybrid and auxiliary applications, lithium-ion batteries remain the primary revenue engine, with ongoing innovation accelerating cost efficiencies and commercial scalability.

The regional dynamics of the Global EV Battery Recycling Market reflect varying stages of EV ecosystem maturity. North America holds a significant share, supported by stringent environmental policies, early EV adoption, and growing investments in domestic battery supply chains. Europe follows closely, driven by aggressive carbon-neutral targets, well-established recycling regulations, and strong circular economy initiatives. Asia Pacific is anticipated to be the fastest-growing region throughout the forecast period, propelled by massive EV production volumes in China, expanding battery manufacturing capacity, and government-backed recycling mandates. These regional forces collectively underscore a global shift toward sustainable electrification.

Major market players included in this report are:

Umicore
Contemporary Amperex Technology Co. Limited (CATL)
Li-Cycle Holdings Corp.
Redwood Materials
Glencore
Ganfeng Lithium Group
BASF SE
Sumitomo Metal Mining
SungEel HiTech
Aqua Metals
American Battery Technology Company
Recupyl
Duesenfeld GmbH
Neometals Ltd.
Veolia Environnement S.A.

Global EV Battery Recycling Market Report Scope:

Historical Data - 2023, 2024
Base Year for Estimation - 2024
Forecast period - 2025-2035
Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope - Free report customization (equivalent to up to 8 analysts' working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments and countries in recent years and to project their value trajectories over the coming decade. The report weaves together qualitative insights and quantitative metrics to present a holistic view of the EV battery recycling ecosystem. It evaluates core growth drivers, structural challenges, and emerging opportunities across micro-markets, while also dissecting competitive positioning and strategic initiatives undertaken by leading players. This integrated approach equips stakeholders with actionable intelligence to navigate an increasingly regulation-driven and sustainability-focused market landscape.

Key Takeaways:

Market Estimates & Forecast for 10 years from 2025 to 2035.
Annualized revenues and regional-level analysis for each market segment.
Detailed analysis of the geographical landscape with country-level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of the competitive structure of the market.
Demand side and supply side analysis of the market.

Chapter 1. Global EV Battery Recycling Market Report Scope & Methodology

1.1. Research Objective
1.2. Research Methodology
- 1.2.1. Forecast Model
- 1.2.2. Desk Research
- 1.2.3. Top Down and Bottom-Up Approach
1.3. Research Attributes
1.4. Scope of the Study
- 1.4.1. Market Definition
- 1.4.2. Market Segmentation
1.5. Research Assumption
- 1.5.1. Inclusion & Exclusion
- 1.5.2. Limitations
- 1.5.3. Years Considered for the Study

Chapter 2. Executive Summary

2.1. CEO/CXO Standpoint
2.2. Strategic Insights
2.3. ESG Analysis
2.4. key Findings

Chapter 3. Global EV Battery Recycling Market Forces Analysis

3.1. Market Forces Shaping The Global EV Battery Recycling Market (2024-2035)
3.2. Drivers
- 3.2.1. Accelerating EV adoption
- 3.2.2. tightening environmental regulations
3.3. Restraints
- 3.3.1. high initial capital requirements
3.4. Opportunities
- 3.4.1. Growing sustainability-driven corporate strategies

Chapter 4. Global EV Battery Recycling Industry Analysis

4.1. Porter's 5 Forces Model
- 4.1.1. Bargaining Power of Buyer
- 4.1.2. Bargaining Power of Supplier
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
4.2. Porter's 5 Force Forecast Model (2024-2035)
4.3. PESTEL Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
4.4. Top Investment Opportunities
4.5. Top Winning Strategies (2025)
4.6. Market Share Analysis (2024-2025)
4.7. Global Pricing Analysis And Trends 2025
4.8. Analyst Recommendation & Conclusion

Chapter 5. Global EV Battery Recycling Market Size & Forecasts by Vehicle Type 2025-2035

5.1. Market Overview
5.2. Global EV Battery Recycling Market Performance - Potential Analysis (2025)
5.3. Passenger Car
- 5.3.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 5.3.2. Market size analysis, by region, 2025-2035
5.4. Commercial vehicle
- 5.4.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 5.4.2. Market size analysis, by region, 2025-2035

Chapter 6. Global EV Battery Recycling Market Size & Forecasts by Battery Type 2025-2035

6.1. Market Overview
6.2. Global EV Battery Recycling Market Performance - Potential Analysis (2025)
6.3. Lithium Ion
- 6.3.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 6.3.2. Market size analysis, by region, 2025-2035
6.4. Lead Acid
- 6.4.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 6.4.2. Market size analysis, by region, 2025-2035
6.5. Nickel
- 6.5.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 6.5.2. Market size analysis, by region, 2025-2035
6.6. Others
- 6.6.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 6.6.2. Market size analysis, by region, 2025-2035

Chapter 7. Global EV Battery Recycling Market Size & Forecasts by Process 2025-2035

7.1. Market Overview
7.2. Global EV Battery Recycling Market Performance - Potential Analysis (2025)
7.3. Pyrometallurgical
- 7.3.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 7.3.2. Market size analysis, by region, 2025-2035
7.4. Hydrometallurgical
- 7.4.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 7.4.2. Market size analysis, by region, 2025-2035

Chapter 8. Global EV Battery Recycling Market Size & Forecasts by Region 2025-2035

8.1. Growth EV Battery Recycling Market, Regional Market Snapshot
8.2. Top Leading & Emerging Countries
8.3. North America EV Battery Recycling Market
- 8.3.1. U.S. EV Battery Recycling Market
  - 8.3.1.1. Vehicle Type breakdown size & forecasts, 2025-2035
  - 8.3.1.2. Battery Type breakdown size & forecasts, 2025-2035
  - 8.3.1.3. Process breakdown size & forecasts, 2025-2035
- 8.3.2. Canada EV Battery Recycling Market
  - 8.3.2.1. Vehicle Type breakdown size & forecasts, 2025-2035
  - 8.3.2.2. Battery Type breakdown size & forecasts, 2025-2035
  - 8.3.2.3. Process breakdown size & forecasts, 2025-2035
8.4. Europe EV Battery Recycling Market
- 8.4.1. UK EV Battery Recycling Market
  - 8.4.1.1. Vehicle Type breakdown size & forecasts, 2025-2035
  - 8.4.1.2. Battery Type breakdown size & forecasts, 2025-2035
  - 8.4.1.3. Process breakdown size & forecasts, 2025-2035
- 8.4.2. Germany EV Battery Recycling Market
  - 8.4.2.1. Vehicle Type breakdown size & forecasts, 2025-2035
  - 8.4.2.2. Battery Type breakdown size & forecasts, 2025-2035
  - 8.4.2.3. Process breakdown size & forecasts, 2025-2035
- 8.4.3. France EV Battery Recycling Market
  - 8.4.3.1. Vehicle Type breakdown size & forecasts, 2025-2035
  - 8.4.3.2. Battery Type breakdown size & forecasts, 2025-2035
  - 8.4.3.3. Process breakdown size & forecasts, 2025-2035
- 8.4.4. Spain EV Battery Recycling Market
  - 8.4.4.1. Vehicle Type breakdown size & forecasts, 2025-2035
  - 8.4.4.2. Battery Type breakdown size & forecasts, 2025-2035
  - 8.4.4.3. Process breakdown size & forecasts, 2025-2035
- 8.4.5. Italy EV Battery Recycling Market
  - 8.4.5.1. Vehicle Type breakdown size & forecasts, 2025-2035
  - 8.4.5.2. Battery Type breakdown size & forecasts, 2025-2035
  - 8.4.5.3. Process breakdown size & forecasts, 2025-2035
- 8.4.6. Rest of Europe EV Battery Recycling Market
  - 8.4.6.1. Vehicle Type breakdown size & forecasts, 2025-2035
  - 8.4.6.2. Battery Type breakdown size & forecasts, 2025-2035
  - 8.4.6.3. Process breakdown size & forecasts, 2025-2035
8.5. Asia Pacific EV Battery Recycling Market
- 8.5.1. China EV Battery Recycling Market
  - 8.5.1.1. Vehicle Type breakdown size & forecasts, 2025-2035
  - 8.5.1.2. Battery Type breakdown size & forecasts, 2025-2035
  - 8.5.1.3. Process breakdown size & forecasts, 2025-2035
- 8.5.2. India EV Battery Recycling Market
  - 8.5.2.1. Vehicle Type breakdown size & forecasts, 2025-2035
  - 8.5.2.2. Battery Type breakdown size & forecasts, 2025-2035
  - 8.5.2.3. Process breakdown size & forecasts, 2025-2035
- 8.5.3. Japan EV Battery Recycling Market
  - 8.5.3.1. Vehicle Type breakdown size & forecasts, 2025-2035
  - 8.5.3.2. Battery Type breakdown size & forecasts, 2025-2035
  - 8.5.3.3. Process breakdown size & forecasts, 2025-2035
- 8.5.4. Australia EV Battery Recycling Market
  - 8.5.4.1. Vehicle Type breakdown size & forecasts, 2025-2035
  - 8.5.4.2. Battery Type breakdown size & forecasts, 2025-2035
  - 8.5.4.3. Process breakdown size & forecasts, 2025-2035
- 8.5.5. South Korea EV Battery Recycling Market
  - 8.5.5.1. Vehicle Type breakdown size & forecasts, 2025-2035
  - 8.5.5.2. Battery Type breakdown size & forecasts, 2025-2035
  - 8.5.5.3. Process breakdown size & forecasts, 2025-2035
- 8.5.6. Rest of APAC EV Battery Recycling Market
  - 8.5.6.1. Vehicle Type breakdown size & forecasts, 2025-2035
  - 8.5.6.2. Battery Type breakdown size & forecasts, 2025-2035
  - 8.5.6.3. Process breakdown size & forecasts, 2025-2035
8.6. Latin America EV Battery Recycling Market
- 8.6.1. Brazil EV Battery Recycling Market
  - 8.6.1.1. Vehicle Type breakdown size & forecasts, 2025-2035
  - 8.6.1.2. Battery Type breakdown size & forecasts, 2025-2035
  - 8.6.1.3. Process breakdown size & forecasts, 2025-2035
- 8.6.2. Mexico EV Battery Recycling Market
  - 8.6.2.1. Vehicle Type breakdown size & forecasts, 2025-2035
  - 8.6.2.2. Battery Type breakdown size & forecasts, 2025-2035
  - 8.6.2.3. Process breakdown size & forecasts, 2025-2035
8.7. Middle East and Africa EV Battery Recycling Market
- 8.7.1. UAE EV Battery Recycling Market
  - 8.7.1.1. Vehicle Type breakdown size & forecasts, 2025-2035
  - 8.7.1.2. Battery Type breakdown size & forecasts, 2025-2035
  - 8.7.1.3. Process breakdown size & forecasts, 2025-2035
- 8.7.2. Saudi Arabia (KSA) EV Battery Recycling Market
  - 8.7.2.1. Vehicle Type breakdown size & forecasts, 2025-2035
  - 8.7.2.2. Battery Type breakdown size & forecasts, 2025-2035
  - 8.7.2.3. Process breakdown size & forecasts, 2025-2035
- 8.7.3. South Africa EV Battery Recycling Market
  - 8.7.3.1. Vehicle Type breakdown size & forecasts, 2025-2035
  - 8.7.3.2. Battery Type breakdown size & forecasts, 2025-2035
  - 8.7.3.3. Process breakdown size & forecasts, 2025-2035

Chapter 9. Competitive Intelligence

9.1. Top Market Strategies
9.2. Umicore
- 9.2.1. Company Overview
- 9.2.2. Key Executives
- 9.2.3. Company Snapshot
- 9.2.4. Financial Performance (Subject to Data Availability)
- 9.2.5. Product/Services Port
- 9.2.6. Recent Development
- 9.2.7. Market Strategies
- 9.2.8. SWOT Analysis
9.3. Contemporary Amperex Technology Co. Limited (CATL)
9.4. Li-Cycle Holdings Corp.
9.5. Redwood Materials
9.6. Glencore
9.7. Ganfeng Lithium Group
9.8. BASF SE
9.9. Sumitomo Metal Mining
9.10. SungEel HiTech
9.11. Aqua Metals
9.12. American Battery Technology Company
9.13. Recupyl
9.14. Duesenfeld GmbH
9.15. Neometals Ltd.
9.16. Veolia Environnement S.A.