EV Battery Recycling Market to be Worth $10.1 Billion by 2031 - Exclusive Report by Meticulous Research®
07.08.2025 - 18:07:59Based on material, the global EV battery recycling market is broadly segmented into graphite, nickel, cobalt, copper, manganese, lithium, aluminum, iron, plastics, and other materials. In 2024, the graphite segment is expected to account for the largest share of the global EV battery recycling market. The large market share of this segment is mainly attributed to the increasing use of graphite in the anodes of batteries for electric vehicles, the high recycling rate of sealed lead acid batteries (SLA), and the increasing need to recover valuable materials from used EV batteries to reduce the need for mining new raw materials. However, the lithium segment is projected to register the highest CAGR during the forecast period.
Based on geography, the global EV battery recycling market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2024, Asia-Pacific is expected to account for the largest share of the 69% of the EV battery recycling market, followed by Europe and North America. Asia-Pacific's significant market share is mainly attributed to the growing implementation of policies and initiatives to reduce the amount of EV battery waste and toxic substances in the environment, the rising concerns regarding the depletion of precious and rare earth metals, the growing demand for lithium-ion batteries, the increasing, and the high adoption of electric mobility in the region.
The report also includes an extensive assessment of the key growth strategies adopted by the leading market participants in the last three to four years. The key players operating in the EV battery recycling market are Glencore plc (Switzerland), Fortum Corporation (Finland), Umicore NV (Belgium), Li-Cycle Holdings Corp. (Canada), Lithion Recycling Inc. (Canada), Tata Chemicals Limited (India), SNAM S.A.S. (France), Ascend Elements, Inc. (U.S.), ACE Green Recycling, Inc. (Singapore), Redwood Materials, Inc. (U.S.), Primobius GmbH (Germany), Attero Recycling Pvt. Lyd. (India), ACCUREC Recycling GmbH (Germany), Trishulavel Eshan Pvt. Ltd. (India), BatX Energies Pvt. Ltd. (India), MTB GROUP (France), and Duesenfeld GmbH (Germany).
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Scope of the report:
EV Battery Recycling Market Assessment—by Battery Type
Lithium-ion BatteriesSealed Lead Acid BatteriesNickel-Metal Hydride BatteriesOther BatteriesEV Battery Recycling Market Assessment—by Battery Source
Commercial VehiclesHeavy Commercial VehiclesLight Commercial VehiclesPassenger CarsBattery Electric VehiclesPlug-In Hybrid Electric VehiclesPure Hybrid Electric VehiclesE-Scooters & MotorcyclesE-BikesEV Battery Recycling Market Assessment—by Recycling Process
Direct Physical Recycling ProcessPyrometallurgical ProcessHydrometallurgical ProcessOther Recycling ProcessesEV Battery Recycling Market Assessment—by Business Model
Contractual Recycling ServicesDirect-to-MarketEV Battery Recycling Market Assessment—by Material
GraphiteNickelCobaltCopperManganeseLithiumAluminumIronPlasticsOther MaterialsEV Battery Recycling Market Assessment—by Geography
North AmericaU.S.CanadaEuropeGermanyU.K.FranceItalySpainSwitzerlandBelgiumNorwayPolandFinlandRest of EuropeAsia-PacificJapanChinaIndiaSouth KoreaSingaporeAustralia & New ZealandMalaysiaRest of Asia-PacificLatin AmericaBrazilMexicoRest of Latin AmericaMiddle East & AfricaUAESaudi ArabiaRest of the Middle East & AfricaUnlock Opportunities: Buy Now- https://www.meticulousresearch.com/Checkout/45013298
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