Lithium-ion Battery Recycling Sector: Growth Drivers and Challenges
Growth Drivers
- Growing Adoption of Electric Vehicles
- Environmental Concerns Regarding Safe Disposal of Used Batteries
Challenges
- Safety Concerns Related to Recycling of Lithium-Ion Batteries
Lithium-ion Battery Recycling Market: Key Insights
|
Base Year |
2024 |
|
Forecast Year |
2025-2037 |
|
CAGR |
21.8% |
|
Base Year Market Size (2024) |
USD 4.43 billion |
|
Forecast Year Market Size (2037) |
USD 57.52 billion |
|
Regional Scope |
|
Browse key industry insights with market data tables & charts from the report:
Frequently Asked Questions (FAQ)
In the year 2025, the industry size of lithium-ion battery recycling is assessed at USD 5.25 billion.
Lithium-ion Battery Recycling Market size was valued at USD 4.43 billion in 2024 and is expected to reach USD 57.52 billion by 2037, registering around 21.8% CAGR during the forecast period i.e., between 2025-2037.
Asia Pacific industry is expected to account for largest revenue share by 2037, led by rising demand for electric vehicles in major economies of the region.
The major players in the market are Glencore PLC, Retriev Technologies, Umicore SA, Zhejiang Huayou Cobalt Co. Ltd., GEM Co. Ltd., and others.
