The global EV battery recycling market, by value, is estimated to be USD 0.54 Billion in 2024 and is projected to reach USD 23.72 Billion by 2035, at a CAGR of 40.9% from 2024 to 2035.
companies in the market are leveraging innovative technologies such as hydrometallurgy and direct recycling to extract materials efficiently, ensuring the recycled materials meet the quality standards for reuse in new batteries. Further, The market’s growth is also supported by strategic collaborations among automotive manufacturers, battery producers, and recycling firms. In January 2024, Iveco Group (Italy) announced the selection of BASF (Germany), as its first partner to provide a recycling solution for the lithium-ion batteries of Iveco’s EVs. Similarly, many automakers are investing in closed-loop recycling systems, ensuring a steady supply of critical raw materials for new battery production. In October 2024, Mercedes-Benz (Germany) opened Europe’s first battery recycling plant with an integrated mechanical-hydrometallurgical process, making it the first car manufacturer worldwide to close the battery recycling loop with its in-house facility.
“NMC battery segments hold the prominent market share in the forecast period.”
The increasing use of Nickel Manganese Cobalt (NMC) batteries in electric vehicles has a significant impact on the EV battery recycling market. Recycling of Nickel Manganese Cobalt batteries in electric vehicles involves the extraction of valuable metals, such as nickel, cobalt, and manganese, which can be reused in new batteries. To enhance the recycling process, recyclers are adopting advanced techniques such as hydrometallurgical and pyrometallurgical methods, which separate these metals from the battery components efficiently. Some companies are also developing closed-loop recycling systems, where the extracted materials are directly returned to the production of new batteries, minimizing waste and reducing the need for virgin raw materials. The percentage of NMC battery material that can be extracted through recycling processes typically falls within the range of 80-95% for the combined metals (nickel, manganese, cobalt, and lithium), depending on the specific recycling method and the quality of the spent battery materials used. For instance, in April 2024, Toyota Motor North America announced that it has entered a Cooperative Research and Development Agreement (CRADA) with the U.S. Department of Energy’s Argonne National Laboratory to investigate the development of a direct recycling process for lithium-ion batteries, which are prevalent in new electric vehicles. The focus of the research will be on cathode chemistries made of nickel, manganese, and cobalt. Further, Recyclers are also focusing on improving the overall efficiency of the process to reduce environmental impact and increase the economic viability of NMC battery recycling, as demand for these materials continues to grow with the rise in EV adoption.
“By Material Extraction, Copper hold the significant market share in EV Battery recycling market.”
Copper hold the significant market share in material extraction of EV Battery recycliong market. Recycling copper from EV batteries is critical in resource conservation and reducing environmental impact. Copper is extensively used in EV battery packs, accounting for approximately 20–30 kilograms per vehicle, depending on the model and battery capacity. Recycling efforts focus on recovering high-purity copper through hydrometallurgy, pyrometallurgy, or direct dismantling and separation techniques. Modern recycling facilities can achieve recovery rates of over 95%, ensuring minimal wastage. The recycled copper can be reintroduced into manufacturing, supporting the circular economy and reducing reliance on mining, which is energy-intensive and environmentally harmful. The demand for copper recycling will grow exponentially, potentially reclaiming millions of metric tons of copper and mitigating supply chain pressures and carbon emissions associated with raw material extraction.
“Germany hold the prominent market share in European EV battery recycling market.”
Germany holds a prominent market share in the European EV battery recycling market, driven by its robust automotive industry and strong presence of OEMs like Volkswagen, BMW, and Mercedes-Benz. These manufacturers are actively investing in sustainable practices, including battery recycling, to align with stringent EU regulations on waste management and carbon neutrality. For instance, in October 2024, Mercedes-Benz Group AG has opened a battery recycling plant with an integrated mechanical hydrometallurgical process in Kuppenheim, Germany. Further, advanced infrastructure, government incentives for circular economy initiatives, and partnerships with leading recycling companies further bolster its position. The country's focus on innovation and R&D in battery technologies and recycling processes solidifies its leadership in the European market.
In-depth interviews were conducted with CEOs, marketing directors, other innovation and technology directors, and executives from various key organizations operating in this market.
• By Company Type: Tier I - 39%, Tier II - 39%, and OEMs - 22%
• By Designation: C Level Executives - 45%, Directors - 35%, and Others - 20%
• By Region: Asia Pacific-52%, Europe-20%, North America-28%
The EV battery recycling market is dominated by major players such as Contemporary Amperex Technology Co., Limited. (China), GEM Co., Ltd. (China), Umicore (Belgium), Glencore (Switzerland), Fortum (Finland).
Research Coverage:
The Market Study Covers the EV battery recycling market by Material Extraction (Lithium, Nickel, Cobalt, Manganese, Iron, Cobalt, Graphite, Steel, Aluminium), Battery chemistry (LFP, NMC, NCA), Vehicle Type (PC, CV, 2-Wheeler), Recycling process (Hydrometallurgical, Pyrometallurgy, & Direct recycling) & Region (Asia Pacific, Europe, and North America). It also covers the competitive landscape and company profiles of the major EV battery recycling market ecosystem players.
Key Benefits of the Report
The study also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.
The report will help the market leaders/new entrants with information on the closest approximations of the revenue numbers for the overall EV battery recycling market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
• Analysis of key drivers (Creation of stable supply chains for EV battery materials, Rising government initiative related to lithium-ion battery recycling, Rising demand for recycled products and materials), restraints (Limited Collection and Recycling Infrastructure), opportunities (Creation of Uniform Recycling Procedures, Advancements in Artificial Intelligence in Battery Recycling), and challenges (Complexity of battery chemistries).
• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, in the EV battery recycling market.
• Market Development: Comprehensive information about lucrative markets – the report analyses the EV battery recycling market across varied regions.
• Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the EV battery recycling market.
Competitive Assessment: In-depth assessment of market shares, growth strategies and service offerings of leading players like Contemporary Amperex Technology Co., Limited. (China), GEM Co., Ltd. (China), Umicore (Belgium), Glencore (Switzerland), Fortum (Finland) and among others in the EV battery recycling market Page 25 of 34 strategies. The report also helps stakeholders understand the pulse of the adjacent reports such EV Battery Market, EV market and provides them with information on key market drivers, restraints, challenges, and opportunities.
圖表清單 List of Tables & Figures
TABLE 1 MARKET DEFINITION, BY VEHICLE TYPE 27
TABLE 2 MARKET DEFINITION, BY BATTERY CHEMISTRY 28
TABLE 3 INCLUSIONS AND EXCLUSIONS 29
TABLE 4 CURRENCY EXCHANGE RATES 30
TABLE 5 MINIMUM MATERIAL RECOVERY EFFICIENCY BY MATERIAL IN EU BATTERY REGULATION 55
TABLE 6 MINIMUM QUOTA OF RECYCLED CONTENT BY MATERIAL IN EU BATTERY REGULATION 55
TABLE 7 COMPANIES INVOLVED IN LITHIUM-ION BATTERY RECYCLING AND VOLUME PROCESSED, 2024 55
TABLE 8 AI APPLICATIONS IN BATTERY RECYCLING PROCESSES 58
TABLE 9 BATTERY CHEMISTRY, BY MATERIAL CONTENT 58
TABLE 10 IMPACT OF MARKET DYNAMICS 59
TABLE 11 AVERAGE SELLING PRICE OF EV BATTERY RECYCLING,
BY MATERIAL EXTRACTED, 2024 (USD/TON) 62
TABLE 12 AVERAGE SELLING PRICE OF EV BATTERY MATERIAL EXTRACTED,
BY REGION, 2024 (USD/TON) 63
TABLE 13 ROLE OF COMPANIES IN ECOSYSTEM 66
TABLE 14 TECHNOLOGICAL ROUTES WITHIN BATTERY RECYCLING 69
TABLE 15 CURRENT AND FUTURE TRENDS IN BATTERY MANUFACTURING 70
TABLE 16 OVERVIEW OF MATERIAL DEMAND FROM EV BATTERIES, 2030 (MT/YEAR) 72
TABLE 17 SECOND-LIFE APPLICATIONS OF EV BATTERIES, BY BATTERY RECYCLER 78
TABLE 18 ASPECTS OF EV BATTERY SECOND-LIFE REFURBISHMENT 79
TABLE 19 PATENT ANALYSIS 81
TABLE 20 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES,
AND OTHER ORGANIZATIONS 86
TABLE 21 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES,
AND OTHER ORGANIZATIONS 86
TABLE 22 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES,
AND OTHER ORGANIZATIONS 87
TABLE 23 KEY CONFERENCES AND EVENTS, 2025–2026 87
TABLE 24 IMPORT DATA FOR HS CODE 850650, BY COUNTRY, 2020–2023 (USD MILLION) 89
TABLE 25 EXPORT DATA FOR HS CODE 850650, BY COUNTRY, 2020–2023 (USD MILLION) 89
TABLE 26 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY END USER (%) 90
TABLE 27 KEY BUYING CRITERIA, BY END USER 91
TABLE 28 COMPARISON BETWEEN RECYCLING PROCESSES 93
TABLE 29 RECOVERABLE METALS FROM VARIOUS BATTERY CHEMISTRIES 93
TABLE 30 OPPORTUNITY MAPPING FOR RECYCLING PROCESSES 94
TABLE 31 PROS AND CONS OF HYDROMETALLURGY 95
TABLE 32 EV BATTERY RECYCLING MARKET, BY BATTERY CHEMISTRY,
2024–2030 (THOUSAND UNITS) 99
TABLE 33 EV BATTERY RECYCLING MARKET, BY BATTERY CHEMISTRY,
2031–2035 (THOUSAND UNITS) 100
TABLE 34 LITHIUM IRON PHOSPHATE: EV BATTERY RECYCLING MARKET,
BY REGION, 2024–2030 (THOUSAND UNITS) 101
TABLE 35 LITHIUM IRON PHOSPHATE: EV BATTERY RECYCLING MARKET,
BY REGION, 2031–2035 (THOUSAND UNITS) 101
TABLE 36 NICKEL MANGANESE COBALT: EV BATTERY RECYCLING MARKET,
BY REGION, 2024–2030 (THOUSAND UNITS) 102
TABLE 37 NICKEL MANGANESE COBALT: EV BATTERY RECYCLING MARKET,
BY REGION, 2031–2035 (THOUSAND UNITS) 102
TABLE 38 NICKEL COBALT ALUMINUM: EV BATTERY RECYCLING MARKET,
BY REGION, 2024–2030 (THOUSAND UNITS) 103
TABLE 39 NICKEL COBALT ALUMINUM: EV BATTERY RECYCLING MARKET,
BY REGION, 2031–2035 (THOUSAND UNITS) 103
TABLE 40 EV BATTERY RECYCLING MARKET, BY VEHICLE TYPE,
2024–2030 (THOUSAND UNITS) 105
TABLE 41 EV BATTERY RECYCLING MARKET, BY VEHICLE TYPE,
2031–2035 (THOUSAND UNITS) 106
TABLE 42 PASSENGER CAR: EV BATTERY RECYCLING MARKET,
BY REGION, 2024–2030 (THOUSAND UNITS) 107
TABLE 43 PASSENGER CAR: EV BATTERY RECYCLING MARKET,
BY REGION, 2031–2035 (THOUSAND UNITS) 107
TABLE 44 PICK-UP TRUCK: EV BATTERY RECYCLING MARKET,
BY REGION, 2024–2030 (THOUSAND UNITS) 108
TABLE 45 PICK-UP TRUCK: EV BATTERY RECYCLING MARKET,
BY REGION, 2031–2035 (THOUSAND UNITS) 108
TABLE 46 TRUCK: EV BATTERY RECYCLING MARKET, BY REGION,
2024–2030 (THOUSAND UNITS) 109
TABLE 47 TRUCK: EV BATTERY RECYCLING MARKET, BY REGION,
2031–2035 (THOUSAND UNITS) 109
TABLE 48 VAN: EV BATTERY RECYCLING MARKET, BY REGION,
2024–2030 (THOUSAND UNITS) 110
TABLE 49 VAN: EV BATTERY RECYCLING MARKET, BY REGION,
2031–2035 (THOUSAND UNITS) 110
TABLE 50 BUS: EV BATTERY RECYCLING MARKET, BY REGION,
2024–2030 (THOUSAND UNITS) 111
TABLE 51 BUS: EV BATTERY RECYCLING MARKET, BY REGION,
2031–2035 (THOUSAND UNITS) 111
TABLE 52 TWO-WHEELER: EV BATTERY RECYCLING MARKET,
BY REGION, 2024–2030 (THOUSAND UNITS) 112
TABLE 53 TWO-WHEELER: EV BATTERY RECYCLING MARKET,
BY REGION, 2031–2035 (THOUSAND UNITS) 112
TABLE 54 EV BATTERY RECYCLING MARKET, BY MATERIAL EXTRACTED, 2024–2030 (TONS) 116
TABLE 55 EV BATTERY RECYCLING MARKET, BY MATERIAL EXTRACTED, 2031–2035 (TONS) 116
TABLE 56 EV BATTERY RECYCLING MARKET, BY MATERIAL EXTRACTED,
2024–2030 (USD MILLION) 117
TABLE 57 EV BATTERY RECYCLING MARKET, BY MATERIAL EXTRACTED,
2031–2035 (USD MILLION) 117
TABLE 58 LITHIUM: EV BATTERY RECYCLING MARKET, BY REGION, 2024–2030 (TONS) 119
TABLE 59 LITHIUM: EV BATTERY RECYCLING MARKET, BY REGION, 2031–2035 (TONS) 119
TABLE 60 LITHIUM: EV BATTERY RECYCLING MARKET, BY REGION,
2024–2030 (USD MILLION) 119
TABLE 61 LITHIUM: EV BATTERY RECYCLING MARKET, BY REGION,
2031–2035 (USD MILLION) 119
TABLE 62 NICKEL: EV BATTERY RECYCLING MARKET, BY REGION, 2024–2030 (TONS) 120
TABLE 63 NICKEL: EV BATTERY RECYCLING MARKET, BY REGION, 2031–2035 (TONS) 120
TABLE 64 NICKEL: EV BATTERY RECYCLING MARKET, BY REGION,
2024–2030 (USD MILLION) 121
TABLE 65 NICKEL: EV BATTERY RECYCLING MARKET, BY REGION,
2031–2035 (USD MILLION) 121
TABLE 66 COBALT: EV BATTERY RECYCLING MARKET, BY REGION, 2024–2030 (TONS) 122
TABLE 67 COBALT: EV BATTERY RECYCLING MARKET, BY REGION, 2031–2035 (TONS) 122
TABLE 68 COBALT: EV BATTERY RECYCLING MARKET, BY REGION,
2024–2030 (USD MILLION) 122
TABLE 69 COBALT: EV BATTERY RECYCLING MARKET, BY REGION,
2031–2035 (USD MILLION) 122
TABLE 70 MANGANESE: EV BATTERY RECYCLING MARKET, BY REGION, 2024–2030 (TONS) 123
TABLE 71 MANGANESE: EV BATTERY RECYCLING MARKET, BY REGION, 2031–2035 (TONS) 123
TABLE 72 MANGANESE: EV BATTERY RECYCLING MARKET,
BY REGION, 2024–2030 (USD MILLION) 123
TABLE 73 MANGANESE: EV BATTERY RECYCLING MARKET,
BY REGION, 2031–2035 (USD MILLION) 124
TABLE 74 GRAPHITE: EV BATTERY RECYCLING MARKET, BY REGION, 2024–2030 (TONS) 124
TABLE 75 GRAPHITE: EV BATTERY RECYCLING MARKET, BY REGION, 2031–2035 (TONS) 125
TABLE 76 GRAPHITE: EV BATTERY RECYCLING MARKET, BY REGION,
2024–2030 (USD MILLION) 125
TABLE 77 GRAPHITE: EV BATTERY RECYCLING MARKET, BY REGION,
2031–2035 (USD MILLION) 125
TABLE 78 ALUMINUM: EV BATTERY RECYCLING MARKET, BY REGION, 2024–2030 (TONS) 126
TABLE 79 ALUMINUM: EV BATTERY RECYCLING MARKET, BY REGION, 2031–2035 (TONS) 126
TABLE 80 ALUMINUM: EV BATTERY RECYCLING MARKET, BY REGION,
2024–2030 (USD MILLION) 126
TABLE 81 ALUMINUM: EV BATTERY RECYCLING MARKET, BY REGION,
2031–2035 (USD MILLION) 127
TABLE 82 COPPER: EV BATTERY RECYCLING MARKET, BY REGION, 2024–2030 (TONS) 127
TABLE 83 COPPER: EV BATTERY RECYCLING MARKET, BY REGION, 2031–2035 (TONS) 128
TABLE 84 COPPER: EV BATTERY RECYCLING MARKET, BY REGION,
2024–2030 (USD MILLION) 128
TABLE 85 COPPER: EV BATTERY RECYCLING MARKET, BY REGION,
2031–2035 (USD MILLION) 128
TABLE 86 IRON: EV BATTERY RECYCLING MARKET, BY REGION, 2024–2030 (TONS) 129
TABLE 87 IRON: EV BATTERY RECYCLING MARKET, BY REGION, 2031–2035 (TONS) 129
TABLE 88 IRON: EV BATTERY RECYCLING MARKET, BY REGION, 2024–2030 (USD MILLION) 130
TABLE 89 IRON: EV BATTERY RECYCLING MARKET, BY REGION, 2031–2035 (USD MILLION) 130
TABLE 90 STEEL: EV BATTERY RECYCLING MARKET, BY REGION, 2024–2030 (TONS) 131
TABLE 91 STEEL: EV BATTERY RECYCLING MARKET, BY REGION, 2031–2035 (TONS) 131
TABLE 92 STEEL: EV BATTERY RECYCLING MARKET, BY REGION, 2024–2030 (USD MILLION) 131
TABLE 93 STEEL: EV BATTERY RECYCLING MARKET, BY REGION, 2031–2035 (USD MILLION) 132
TABLE 94 EV BATTERY RECYCLING MARKET, BY REGION, 2024–2030 (TONS) 135
TABLE 95 EV BATTERY RECYCLING MARKET, BY REGION, 2031–2035 (TONS) 135
TABLE 96 EV BATTERY RECYCLING MARKET, BY REGION, 2024–2030 (USD MILLION) 135
TABLE 97 EV BATTERY RECYCLING MARKET, BY REGION, 2031–2035 (USD MILLION) 135
TABLE 98 EV BATTERY RECYCLING MARKET, BY REGION, 2024–2030 (THOUSAND UNITS) 136
TABLE 99 EV BATTERY RECYCLING MARKET, BY REGION, 2031–2035 (THOUSAND UNITS) 136
TABLE 100 ASIA PACIFIC: EV BATTERY RECYCLING MARKET,
BY MATERIAL EXTRACTED, 2024–2030 (TONS) 140
TABLE 101 ASIA PACIFIC: EV BATTERY RECYCLING MARKET,
BY MATERIAL EXTRACTED, 2031–2035 (TONS) 140
TABLE 102 ASIA PACIFIC: EV BATTERY RECYCLING MARKET,
BY MATERIAL EXTRACTED, 2024–2030 (USD MILLION) 141
TABLE 103 ASIA PACIFIC: EV BATTERY RECYCLING MARKET,
BY MATERIAL EXTRACTED, 2031–2035 (USD MILLION) 141
TABLE 104 ASIA PACIFIC: EV BATTERY RECYCLING MARKET,
BY COUNTRY, 2024–2030 (THOUSAND UNITS) 142
TABLE 105 ASIA PACIFIC: EV BATTERY RECYCLING MARKET,
BY COUNTRY, 2031–2035 (THOUSAND UNITS) 142
TABLE 106 CHINA: EV BATTERY RECYCLING MARKET, BY MATERIAL EXTRACTED,
2024–2030 (TONS) 143
TABLE 107 CHINA: EV BATTERY RECYCLING MARKET, BY MATERIAL EXTRACTED,
2031–2035 (TONS) 143
TABLE 108 CHINA: EV BATTERY RECYCLING MARKET, BY MATERIAL EXTRACTED,
2024–2030 (USD MILLION) 144
TABLE 109 CHINA: EV BATTERY RECYCLING MARKET, BY MATERIAL EXTRACTED,
2031–2035 (USD MILLION) 144
TABLE 110 CHINA: EV BATTERY RECYCLING MARKET, BY VEHICLE TYPE, 2024–2030 (UNITS) 145
TABLE 111 CHINA: EV BATTERY RECYCLING MARKET, BY VEHICLE TYPE, 2031–2035 (UNITS) 145
TABLE 112 JAPAN: EV BATTERY RECYCLING MARKET, BY MATERIAL EXTRACTED,
2024–2030 (TONS) 146
TABLE 113 JAPAN: EV BATTERY RECYCLING MARKET, BY MATERIAL EXTRACTED,
2031–2035 (TONS) 146
TABLE 114 JAPAN: EV BATTERY RECYCLING MARKET, BY MATERIAL EXTRACTED,
2024–2030 (USD MILLION) 147
TABLE 115 JAPAN: EV BATTERY RECYCLING MARKET, BY MATERIAL EXTRACTED,
2031–2035 (USD MILLION) 147
TABLE 116 JAPAN: EV BATTERY RECYCLING MARKET, BY VEHICLE TYPE, 2024–2030 (UNITS) 148
TABLE 117 JAPAN: EV BATTERY RECYCLING MARKET, BY VEHICLE TYPE, 2031–2035 (UNITS) 148
TABLE 118 SOUTH KOREA: EV BATTERY RECYCLING MARKET,
BY MATERIAL EXTRACTED, 2024–2030 (TONS) 149
TABLE 119 SOUTH KOREA: EV BATTERY RECYCLING MARKET,
BY MATERIAL EXTRACTED, 2031–2035 (TONS) 149
TABLE 120 SOUTH KOREA: EV BATTERY RECYCLING MARKET,
BY MATERIAL EXTRACTED, 2024–2030 (USD MILLION) 150
TABLE 121 SOUTH KOREA: EV BATTERY RECYCLING MARKET,
BY MATERIAL EXTRACTED, 2031–2035 (USD MILLION) 150
TABLE 122 SOUTH KOREA: EV BATTERY RECYCLING MARKET,
BY VEHICLE TYPE, 2024–2030 (UNITS) 151
TABLE 123 SOUTH KOREA: EV BATTERY RECYCLING MARKET,
BY VEHICLE TYPE, 2031–2035 (UNITS) 151
TABLE 124 INDIA: EV BATTERY RECYCLING MARKET,
BY MATERIAL EXTRACTED, 2024–2030 (TONS) 152
TABLE 125 INDIA: EV BATTERY RECYCLING MARKET, BY MATERIAL EXTRACTED,
2031–2035 (TONS) 153
TABLE 126 INDIA: EV BATTERY RECYCLING MARKET, BY MATERIAL EXTRACTED,
2024–2030 (USD MILLION) 153
TABLE 127 INDIA: EV BATTERY RECYCLING MARKET, BY MATERIAL EXTRACTED,
2031–2035 (USD MILLION) 154
TABLE 128 INDIA: EV BATTERY RECYCLING MARKET, BY VEHICLE TYPE, 2024–2030 (UNITS) 154
TABLE 129 INDIA: EV BATTERY RECYCLING MARKET, BY VEHICLE TYPE, 2031–2035 (UNITS) 154
TABLE 130 EUROPE: EV BATTERY RECYCLING MARKET, BY MATERIAL EXTRACTED,
2024–2030 (TONS) 158
TABLE 131 EUROPE: EV BATTERY RECYCLING MARKET, BY MATERIAL EXTRACTED,
2031–2035 (TONS) 158
TABLE 132 EUROPE: EV BATTERY RECYCLING MARKET, BY MATERIAL EXTRACTED,
2024–2030 (USD MILLION) 159
TABLE 133 EUROPE: EV BATTERY RECYCLING MARKET, BY MATERIAL EXTRACTED,
2031–2035 (USD MILLION) 159
TABLE 134 EUROPE: EV BATTERY RECYCLING MARKET, BY COUNTRY,
2024–2030 (THOUSAND UNITS) 160
TABLE 135 EUROPE: EV BATTERY RECYCLING MARKET, BY COUNTRY,
2031–2035 (THOUSAND UNITS) 160
TABLE 136 FRANCE: EV BATTERY RECYCLING MARKET, BY MATERIAL EXTRACTED,
2024–2030 (TONS) 161
TABLE 137 FRANCE: EV BATTERY RECYCLING MARKET, BY MATERIAL EXTRACTED,
2031–2035 (TONS) 161
TABLE 138 FRANCE: EV BATTERY RECYCLING MARKET, BY MATERIAL EXTRACTED,
2024–2030 (USD MILLION) 162
TABLE 139 FRANCE: EV BATTERY RECYCLING MARKET, BY MATERIAL EXTRACTED,
2031–2035 (USD MILLION) 162
TABLE 140 FRANCE: EV BATTERY RECYCLING MARKET, BY VEHICLE TYPE, 2024–2030 (UNITS) 163
TABLE 141 FRANCE: EV BATTERY RECYCLING MARKET, BY VEHICLE TYPE, 2031–2035 (UNITS) 163
TABLE 142 GERMANY: EV BATTERY RECYCLING MARKET, BY MATERIAL EXTRACTED,
2024–2030 (TONS) 164
TABLE 143 GERMANY: EV BATTERY RECYCLING MARKET, BY MATERIAL EXTRACTED,
2031–2035 (TONS) 164
TABLE 144 GERMANY: EV BATTERY RECYCLING MARKET, BY MATERIAL EXTRACTED,
2024–2030 (USD MILLION) 165
TABLE 145 GERMANY: EV BATTERY RECYCLING MARKET, BY MATERIAL EXTRACTED,
2031–2035 (USD MILLION) 165
TABLE 146 GERMANY: EV BATTERY RECYCLING MARKET, BY VEHICLE TYPE,
2024–2030 (UNITS) 166
TABLE 147 GERMANY: EV BATTERY RECYCLING MARKET, BY VEHICLE TYPE,
2031–2035 (UNITS) 166
TABLE 148 UK: EV BATTERY RECYCLING MARKET, BY MATERIAL EXTRACTED,
2024–2030 (TONS) 167
TABLE 149 UK: EV BATTERY RECYCLING MARKET, BY MATERIAL EXTRACTED,
2031–2035 (TONS) 167
TABLE 150 UK: EV BATTERY RECYCLING MARKET, BY MATERIAL EXTRACTED,
2024–2030 (USD MILLION) 168
TABLE 151 UK: EV BATTERY RECYCLING MARKET, BY MATERIAL EXTRACTED,
2031–2035 (USD MILLION) 168
TABLE 152 UK: EV BATTERY RECYCLING MARKET, BY VEHICLE TYPE, 2024–2030 (UNITS) 169
TABLE 153 UK: EV BATTERY RECYCLING MARKET, BY VEHICLE TYPE, 2031–2035 (UNITS) 169
TABLE 154 ITALY: EV BATTERY RECYCLING MARKET, BY MATERIAL EXTRACTED,
2024–2030 (TONS) 170
TABLE 155 ITALY: EV BATTERY RECYCLING MARKET, BY MATERIAL EXTRACTED,
2031–2035 (TONS) 170
TABLE 156 ITALY: EV BATTERY RECYCLING MARKET, BY MATERIAL EXTRACTED,
2024–2030 (USD MILLION) 171
TABLE 157 ITALY: EV BATTERY RECYCLING MARKET, BY MATERIAL EXTRACTED,
2031–2035 (USD MILLION) 171
TABLE 158 ITALY: EV BATTERY RECYCLING MARKET, BY VEHICLE TYPE, 2024–2030 (UNITS) 172
TABLE 159 ITALY: EV BATTERY RECYCLING MARKET, BY VEHICLE TYPE, 2031–2035 (UNITS) 172
TABLE 160 SPAIN: EV BATTERY RECYCLING MARKET, BY MATERIAL EXTRACTED,
2024–2030 (TONS) 173
TABLE 161 SPAIN: EV BATTERY RECYCLING MARKET, BY MATERIAL EXTRACTED,
2031–2035 (TONS) 173
TABLE 162 SPAIN: EV BATTERY RECYCLING MARKET, BY MATERIAL EXTRACTED,
2024–2030 (USD MILLION) 174
TABLE 163 SPAIN: EV BATTERY RECYCLING MARKET, BY MATERIAL EXTRACTED,
2031–2035 (USD MILLION) 174
TABLE 164 SPAIN: EV BATTERY RECYCLING MARKET, BY VEHICLE TYPE, 2024–2030 (UNITS) 175
TABLE 165 SPAIN: EV BATTERY RECYCLING MARKET, BY VEHICLE TYPE, 2031–2035 (UNITS) 175
TABLE 166 DENMARK: EV BATTERY RECYCLING MARKET, BY MATERIAL EXTRACTED,
2024–2030 (TONS) 176
TABLE 167 DENMARK: EV BATTERY RECYCLING MARKET, BY MATERIAL EXTRACTED,
2031–2035 (TONS) 176
TABLE 168 DENMARK: EV BATTERY RECYCLING MARKET, BY MATERIAL EXTRACTED,
2024–2030 (USD MILLION) 177
TABLE 169 DENMARK: EV BATTERY RECYCLING MARKET, BY MATERIAL EXTRACTED,
2031–2035 (USD MILLION) 177
TABLE 170 DENMARK: EV BATTERY RECYCLING MARKET, BY VEHICLE TYPE,
2024–2030 (UNITS) 178
TABLE 171 DENMARK: EV BATTERY RECYCLING MARKET, BY VEHICLE TYPE,
2031–2035 (UNITS) 178
TABLE 172 NORTH AMERICA: EV BATTERY RECYCLING MARKET,
BY MATERIAL EXTRACTED, 2024–2030 (TONS) 182
TABLE 173 NORTH AMERICA: EV BATTERY RECYCLING MARKET,
BY MATERIAL EXTRACTED, 2031–2035 (TONS) 182
TABLE 174 NORTH AMERICA: EV BATTERY RECYCLING MARKET,
BY MATERIAL EXTRACTED, 2024–2030 (USD MILLION) 183
TABLE 175 NORTH AMERICA: EV BATTERY RECYCLING MARKET,
BY MATERIAL EXTRACTED, 2031–2035 (USD MILLION) 183
TABLE 176 NORTH AMERICA: EV BATTERY RECYCLING MARKET,
BY COUNTRY, 2024–2030 (THOUSAND UNITS) 184
TABLE 177 NORTH AMERICA: EV BATTERY RECYCLING MARKET,
BY COUNTRY, 2031–2035 (THOUSAND UNITS) 184
TABLE 178 US: EV BATTERY RECYCLING MARKET, BY MATERIAL EXTRACTED,
2024–2030 (TONS) 185
TABLE 179 US: EV BATTERY RECYCLING MARKET, BY MATERIAL EXTRACTED,
2031–2035 (TONS) 185
TABLE 180 US: EV BATTERY RECYCLING MARKET, BY MATERIAL EXTRACTED,
2024–2030 (USD MILLION) 186
TABLE 181 US: EV BATTERY RECYCLING MARKET, BY MATERIAL EXTRACTED,
2031–2035 (USD MILLION) 186
TABLE 182 US: EV BATTERY RECYCLING MARKET, BY VEHICLE TYPE, 2024–2030 (UNITS) 187
TABLE 183 US: EV BATTERY RECYCLING MARKET, BY VEHICLE TYPE, 2031–2035 (UNITS) 187
TABLE 184 CANADA: EV BATTERY RECYCLING MARKET, BY MATERIAL EXTRACTED,
2024–2030 (TONS) 188
TABLE 185 CANADA: EV BATTERY RECYCLING MARKET, BY MATERIAL EXTRACTED,
2031–2035 (TONS) 188
TABLE 186 CANADA: EV BATTERY RECYCLING MARKET, BY MATERIAL EXTRACTED,
2024–2030 (USD MILLION) 189
TABLE 187 CANADA: EV BATTERY RECYCLING MARKET, BY MATERIAL EXTRACTED,
2031–2035 (USD MILLION) 189
TABLE 188 CANADA: EV BATTERY RECYCLING MARKET, BY VEHICLE TYPE,
2024–2030 (UNITS) 190
TABLE 189 CANADA: EV BATTERY RECYCLING MARKET, BY VEHICLE TYPE,
2031–2035 (UNITS) 190
TABLE 190 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2021–2024 191
TABLE 191 MARKET SHARE ANALYSIS, 2023 193
TABLE 192 BATTERY CHEMISTRY FOOTPRINT 198
TABLE 193 RECYCLING PROCESS FOOTPRINT 199
TABLE 194 REGION FOOTPRINT 200
TABLE 195 LIST OF START-UPS/SMES 203
TABLE 196 COMPETITIVE BENCHMARKING OF START-UPS/SMES 203
TABLE 197 EV BATTERY RECYCLING MARKET: DEALS, 2021–2024 206
TABLE 198 EV BATTERY RECYCLING MARKET: EXPANSIONS, 2021–2024 207
TABLE 199 EV BATTERY RECYCLING MARKET: OTHERS, 2021–2024 209
TABLE 200 UMICORE: COMPANY OVERVIEW 210
TABLE 201 UMICORE: PRODUCTS OFFERED 212
TABLE 202 UMICORE: DEALS 212
TABLE 203 GEM CO., LTD.: COMPANY OVERVIEW 214
TABLE 204 GEM CO., LTD.: PRODUCTS OFFERED 216
TABLE 205 GEM CO., LTD.: DEALS 216
TABLE 206 GLENCORE: COMPANY OVERVIEW 218
TABLE 207 GLENCORE: PRODUCTS OFFERED 219
TABLE 208 GLENCORE: DEALS 220
TABLE 209 CONTEMPORARY AMPEREX TECHNOLOGY CO., LIMITED: COMPANY OVERVIEW 222
TABLE 210 CONTEMPORARY AMPEREX TECHNOLOGY CO., LIMITED: PRODUCTS OFFERED 223
TABLE 211 CONTEMPORARY AMPEREX TECHNOLOGY CO., LIMITED: DEALS 224
TABLE 212 CONTEMPORARY AMPEREX TECHNOLOGY CO., LIMITED: EXPANSIONS 225
TABLE 213 CONTEMPORARY AMPEREX TECHNOLOGY CO., LIMITED: OTHERS 226
TABLE 214 FORTUM: COMPANY OVERVIEW 227
TABLE 215 FORTUM: PRODUCTS OFFERED 228
TABLE 216 FORTUM: DEALS 229
TABLE 217 FORTUM: EXPANSIONS 229
TABLE 218 CIRBA SOLUTIONS: COMPANY OVERVIEW 232
TABLE 219 CIRBA SOLUTIONS: PRODUCTS OFFERED 232
TABLE 220 CIRBA SOLUTIONS: DEALS 233
TABLE 221 RECYCLICO BATTERY MATERIALS INC.: COMPANY OVERVIEW 235
TABLE 222 RECYCLICO BATTERY MATERIALS INC.: PRODUCTS OFFERED 235
TABLE 223 RECYCLICO BATTERY MATERIALS INC.: DEALS 236
TABLE 224 RECYCLICO BATTERY MATERIALS INC.: EXPANSIONS 237
TABLE 225 LI-CYCLE CORP.: COMPANY OVERVIEW 238
TABLE 226 LI-CYCLE CORP.: PRODUCTS OFFERED 239
TABLE 227 LI-CYCLE CORP.: DEALS 240
TABLE 228 LI-CYCLE CORP.: EXPANSIONS 241
TABLE 229 ECOBAT: COMPANY OVERVIEW 242
TABLE 230 ECOBAT: PRODUCTS OFFERED 242
TABLE 231 ECOBAT: DEALS 243
TABLE 232 ECOBAT: EXPANSIONS 244
TABLE 233 ERAMET: COMPANY OVERVIEW 245
TABLE 234 ERAMET: PRODUCTS OFFERED 246
TABLE 235 ERAMET: EXPANSIONS 246
TABLE 236 NEOMETALS LTD.: COMPANY OVERVIEW 247
TABLE 237 NEOMETALS LTD.: PRODUCTS OFFERED 247
TABLE 238 NEOMETALS LTD.: DEALS 248
TABLE 239 NEOMETALS LTD.: OTHERS 248
TABLE 240 ACCUREC-RECYCLING GMBH: COMPANY OVERVIEW 249
TABLE 241 ACCUREC-RECYCLING GMBH: PRODUCTS OFFERED 249
TABLE 242 ACCUREC-RECYCLING GMBH: EXPANSIONS 250
TABLE 243 SK TES: COMPANY OVERVIEW 251
TABLE 244 SK TES: PRODUCTS OFFERED 251
TABLE 245 SK TES: DEALS 252
TABLE 246 SK TES: EXPANSIONS 252
TABLE 247 STENA RECYCLING: COMPANY OVERVIEW 253
TABLE 248 STENA RECYCLING: PRODUCTS OFFERED 253
TABLE 249 STENA RECYCLING: DEALS 254
TABLE 250 STENA RECYCLING: EXPANSIONS 255
TABLE 251 REDWOOD MATERIALS INC.: COMPANY OVERVIEW 256
TABLE 252 REDWOOD MATERIALS INC.: PRODUCTS OFFERED 256
TABLE 253 REDWOOD MATERIALS INC.: DEALS 257
TABLE 254 REDWOOD MATERIALS INC.: OTHERS 258
TABLE 255 ASCEND ELEMENTS, INC.: COMPANY OVERVIEW 259
TABLE 256 ASCEND ELEMENTS, INC.: PRODUCTS OFFERED 259
TABLE 257 ASCEND ELEMENTS, INC.: DEALS 260
TABLE 258 ASCEND ELEMENTS, INC.: EXPANSIONS 261
TABLE 259 ACE GREEN RECYCLING: COMPANY OVERVIEW 262
TABLE 260 ACE GREEN RECYCLING: PRODUCTS OFFERED 262
TABLE 261 ACE GREEN RECYCLING: DEALS 263
TABLE 262 PRIMOBIUS GMBH: COMPANY OVERVIEW 264
TABLE 263 PRIMOBIUS GMBH: PRODUCTS OFFERED 264
TABLE 264 PRIMOBIUS GMBH: DEALS 265
TABLE 265 SHENZHEN HIGHPOWER TECHNOLOGY CO., LTD.: COMPANY OVERVIEW 266
TABLE 266 SHENZHEN HIGHPOWER TECHNOLOGY CO., LTD.: PRODUCTS OFFERED 267
TABLE 267 ENVIROSTREAM AUSTRALIA PTY LTD.: COMPANY OVERVIEW 268
TABLE 268 DUESENFELD GMBH: COMPANY OVERVIEW 268
TABLE 269 LITHION RECYCLING INC.: COMPANY OVERVIEW 269
TABLE 270 BATREC INDUSTRIE: COMPANY OVERVIEW 270
TABLE 271 SITRASA: COMPANY OVERVIEW 270
TABLE 272 TATA CHEMICALS LIMITED: COMPANY OVERVIEW 271
TABLE 273 EXIGO RECYCLING PVT. LTD.: COMPANY OVERVIEW 271
TABLE 274 ZIPTRAX: COMPANY OVERVIEW 272
TABLE 275 BATX ENERGIES: COMPANY OVERVIEW 272
TABLE 276 AUSTRALIAN BATTERY RECYCLING INITIATIVE: COMPANY OVERVIEW 273
TABLE 277 ATTERO RECYCLING PVT. LTD: COMPANY OVERVIEW 273
TABLE 278 TRISHULAVEL ESHAN PVT. LTD. (LI-CIRCLE): COMPANY OVERVIEW 274
_
_
FIGURE 1 EV BATTERY RECYCLING MARKET SEGMENTATION 28
FIGURE 2 RESEARCH DESIGN 31
FIGURE 3 RESEARCH DESIGN MODEL 32
FIGURE 4 RESEARCH METHODOLOGY: HYPOTHESIS BUILDING 37
FIGURE 5 BOTTOM-UP APPROACH 38
FIGURE 6 TOP-DOWN APPROACH 39
FIGURE 7 MARKET ESTIMATION NOTES 39
FIGURE 8 DATA TRIANGULATION 40
FIGURE 9 FACTOR ANALYSIS FOR MARKET SIZING: DEMAND AND SUPPLY SIDES 42
FIGURE 10 EV BATTERY RECYCLING MARKET OVERVIEW 46
FIGURE 11 ASIA PACIFIC TO BE LEADING MARKET DURING FORECAST PERIOD 47
FIGURE 12 PASSENGER CAR TO BE LEADING SEGMENT DURING FORECAST PERIOD 48
FIGURE 13 RESOURCE SCARCITY AND SUPPLY CHAIN SECURITY OF EV BATTERY MATERIALS TO DRIVE MARKET 49
FIGURE 14 LITHIUM TO BE FASTEST-GROWING SEGMENT DURING FORECAST PERIOD 50
FIGURE 15 LFP TO BE LARGEST SEGMENT DURING FORECAST PERIOD 50
FIGURE 16 PASSENGER CAR TO SURPASS OTHER SEGMENTS DURING FORECAST PERIOD 51
FIGURE 17 ASIA PACIFIC TO BE LARGEST MARKET FOR EV BATTERY RECYCLING DURING FORECAST PERIOD 51
FIGURE 18 EV BATTERY RECYCLING MARKET DYNAMICS 53
FIGURE 19 SUPPLY CHAIN OF EV BATTERY MATERIALS 54
FIGURE 20 EV BATTERY RECYCLING PROCEDURES 57
FIGURE 21 TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS
IN EV BATTERY ECOSYSTEM 60
FIGURE 22 TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS
IN EV BATTERY RECYCLING ECOSYSTEM 61
FIGURE 23 AVERAGE SELLING PRICE OF EV BATTERY RECYCLING,
BY MATERIAL EXTRACTED, 2024 (USD/TON) 62
FIGURE 24 AVERAGE SELLING PRICE OF EV BATTERY MATERIAL EXTRACTED,
BY REGION, 2024 (USD/TON) 63
FIGURE 25 SUPPLY CHAIN ANALYSIS 64
FIGURE 26 ECOSYSTEM ANALYSIS 65
FIGURE 27 MATERIAL SUPPLY AND DEMAND, 2023 VS. 2030 (MT/YEAR) 73
FIGURE 28 GLOBAL DISTRIBUTION OF LITHIUM, NICKEL, COBALT, MANGANESE,
AND NATURAL GRAPHITE RESERVES AND MINING IN 2023 74
FIGURE 29 ANNUAL RAW MATERIAL DEMAND AND SUPPLY (KT) 75
FIGURE 30 SECOND LIFE FOR EV BATTERIES 76
FIGURE 31 PROS AND CONS OF SECOND-LIFE BATTERIES 77
FIGURE 32 STEPS OF BATTERY REPURPOSING 78
FIGURE 33 INVESTMENT AND FUNDING SCENARIO, 2023–2024 80
FIGURE 34 PATENT ANALYSIS 81
FIGURE 35 IMPORT DATA FOR HS CODE 850650, BY COUNTRY, 2020–2023 (USD MILLION) 88
FIGURE 36 EXPORT DATA FOR HS CODE 850650, BY COUNTRY, 2020–2023 (USD MILLION) 89
FIGURE 37 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY END USER 90
FIGURE 38 KEY BUYING CRITERIA, BY END USER 91
FIGURE 39 RECYCLING PROCESSES OF EV BATTERIES 92
FIGURE 40 RECYCLING PROCESS OF LITHIUM-ION BATTERIES, BY KEY PLAYER 94
FIGURE 41 ADVANTAGES OF DIRECT RECYCLING 97
FIGURE 42 EV BATTERY RECYCLING MARKET, BY BATTERY CHEMISTRY,
2024–2035 (THOUSAND UNITS) 99
FIGURE 43 EV BATTERY RECYCLING MARKET, BY VEHICLE TYPE,
2024–2035 (THOUSAND UNITS) 105
FIGURE 44 RECOVERY RATE OF EV BATTERY MATERIALS, 2024 115
FIGURE 45 EV BATTERY RECYCLING MARKET, BY MATERIAL EXTRACTED,
2024–2035 (USD MILLION) 115
FIGURE 46 DIRECT LITHIUM EXTRACTION AND REFINING COMPANIES 118
FIGURE 47 EV BATTERY RECYCLING MARKET, BY REGION, 2024–2035 (USD MILLION) 134
FIGURE 48 ASIA PACIFIC: REAL GDP GROWTH RATE, BY COUNTRY, 2024–2026 137
FIGURE 49 ASIA PACIFIC: GDP PER CAPITA, BY COUNTRY, 2024–2026 137
FIGURE 50 ASIA PACIFIC: INFLATION RATE AVERAGE CONSUMER PRICES,
BY COUNTRY, 2024–2026 138
FIGURE 51 ASIA PACIFIC: MANUFACTURING INDUSTRY CONTRIBUTION TO GDP, 2024 138
FIGURE 52 ASIA PACIFIC: EV BATTERY RECYCLING MARKET SNAPSHOT 139
FIGURE 53 EUROPE: REAL GDP GROWTH RATE, BY COUNTRY, 2024–2026 156
FIGURE 54 EUROPE: GDP PER CAPITA, BY COUNTRY, 2024–2026 156
FIGURE 55 EUROPE: INFLATION RATE AVERAGE CONSUMER PRICES,
BY COUNTRY, 2024–2026 156
FIGURE 56 EUROPE: MANUFACTURING INDUSTRY CONTRIBUTION TO GDP, 2024 157
FIGURE 57 EUROPE: EV BATTERY RECYCLING MARKET SNAPSHOT 157
FIGURE 58 NORTH AMERICA: REAL GDP GROWTH RATE, BY COUNTRY, 2024–2026 179
FIGURE 59 NORTH AMERICA: GDP PER CAPITA, BY COUNTRY, 2024–2026 180
FIGURE 60 NORTH AMERICA: CPI INFLATION RATE, BY COUNTRY, 2024–2026 180
FIGURE 61 NORTH AMERICA: MANUFACTURING INDUSTRY CONTRIBUTION TO GDP, 2024 181
FIGURE 62 NORTH AMERICA: EV BATTERY RECYCLING MARKET SNAPSHOT 181
FIGURE 63 MARKET SHARE ANALYSIS OF KEY PLAYERS, 2023 193
FIGURE 64 REVENUE ANALYSIS OF TOP FIVE PLAYERS, 2019−2023 195
FIGURE 65 COMPANY EVALUATION MATRIX (KEY PLAYERS), 2024 196
FIGURE 66 COMPANY FOOTPRINT 197
FIGURE 67 COMPANY EVALUATION MATRIX (START-UPS/SMES), 2024 202
FIGURE 68 COMPANY VALUATION OF KEY PLAYERS, 2024 204
FIGURE 69 FINANCIAL METRICS OF KEY PLAYERS, 2024 204
FIGURE 70 BRAND/PRODUCT COMPARISON 205
FIGURE 71 UMICORE: COMPANY SNAPSHOT 211
FIGURE 72 UMICORE: RECYCLING REVENUE (EXCLUDING METAL) 211
FIGURE 73 GEM CO., LTD.: COMPANY SNAPSHOT 215
FIGURE 74 GEM CO., LTD.: R&D EXPENDITURE, 2017–2023 215
FIGURE 75 GLENCORE: COMPANY SNAPSHOT 218
FIGURE 76 CONTEMPORARY AMPEREX TECHNOLOGY CO., LIMITED: COMPANY SNAPSHOT 222
FIGURE 77 GLOBAL LAYOUT OF BRUNP RECYCLING 223
FIGURE 78 FORTUM: COMPANY SNAPSHOT 228
FIGURE 79 LI-CYCLE CORP.: COMPANY SNAPSHOT 238
FIGURE 80 ERAMET: COMPANY SNAPSHOT 245
FIGURE 81 SHENZHEN HIGHPOWER TECHNOLOGY CO., LTD.: COMPANY SNAPSHOT 266