Dublin, June 24, 2025 (GLOBE NEWSWIRE) -- The "EV Battery Recycling Market Outlook 2025-2034" has been added to ResearchAndMarkets.com's offering.
The EV battery recycling market is poised for remarkable growth, with forecasts predicting a rise from USD 4.9 billion in 2025 to USD 42.8 billion by 2034, registering a CAGR of 27.3%
This surge is driven by the escalating demand for electric vehicles and the ensuing need for sustainable battery waste solutions. As concerns over raw material scarcity and environmental impact increase, recycling emerges as a crucial strategy to recover essential materials like lithium, cobalt, nickel, and manganese, mitigating reliance on new mining.
Governments worldwide are implementing stricter recycling policies, promoting sustainable end-of-life battery management through regulatory mandates and circular economy initiatives. Technological advancements in recycling methods, particularly hydrometallurgical and direct recycling techniques, are enhancing material recovery rates and reducing the energy footprint of recycling processes.
Strategic developments in the EV battery recycling sector over 2024 have been notable, propelled by regulatory changes and corporate investments. Extended Producer Responsibility (EPR) policies enforced across North America, Europe, and Asia are holding automakers accountable for battery lifecycle management. Concurrently, the establishment of recycling facilities, especially in China and Europe, is bolstering regional capabilities and decreasing dependency on imported materials.
Leading automotive and battery manufacturers are forging partnerships with recycling firms to create closed-loop systems, reintegrating recovered materials into new production cycles. Automation and AI-driven sorting technologies are optimizing dismantling processes, further reducing recycling costs. Additionally, second-life applications for EV batteries are gaining traction, extending battery lifespans through renewable energy storage solutions.
Future growth is expected, spurred by increasing retirements of early-generation EV batteries. Emerging recycling techniques such as direct cathode-to-cathode methods promise improved material recovery while maintaining high-performance standards. Decentralized recycling facilities are anticipated to lower transportation costs and emissions, enhancing sustainability.
The integration of blockchain technologies will enhance traceability in the supply chain, ensuring ethical sourcing and compliance with recycling regulations. Collaborative efforts among automotive OEMs, energy enterprises, and tech companies are set to strengthen the circular economy framework, emphasizing zero-waste goals and maximizing material reuse.
Key Market Insights:
- Emergence of direct cathode-to-cathode recycling as an efficiency-enhancing technology
- Growth in second-life applications for used EV batteries
- Advancements in automation and AI for improving dismantling efficiency
- Expansion of regionalized recycling facilities to reduce emissions
- Deployment of blockchain for enhanced supply chain transparency
- Impact of surging EV adoption on battery waste management
- Stringent environmental regulations as a catalyst for recycling initiatives
- Supply chain security through raw material recovery
- Cost reductions through technological advancements in recycling
- Challenges posed by initial investment and infrastructure gaps
Segmentation and Analytics:
- By Battery Type: Lithium-Based, Other
- By Process: Hydrometallurgical, Others
- By Vehicle Type: Commercial Vehicles
- By Application: Electric Buses, Energy Storage Systems, Others
- By Geography: North America, Europe, Asia-Pacific, Middle East and Africa, South and Central America
Your Takeaways:
- Comprehensive market size and projections from 2024 to 2034
- Geopolitical and economic impacts on supply and demand
- Technological trends and developments in the recycling market
- Profiles of major industry players and their strategies
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 150 |
| Forecast Period | 2025 - 2034 |
| Estimated Market Value (USD) in 2025 | $4.9 Billion |
| Forecasted Market Value (USD) by 2034 | $42.8 Billion |
| Compound Annual Growth Rate | 27.2% |
| Regions Covered | Global |
Companies Featured
- Glencore International AG
- Veolia Environnement Societe Anonyme
- SNAM Societe par Actions Simplifiee
- Ganfeng Lithium Co. Ltd.
- Umicore NV
- Benchmark Minerals Incorporated
- Viridor Waste Management
- Gravita India Limited
- Sitrasa Societa per Azioni
- Ziptrax Cleantech
- Redwood Materials Incorporated
- Retriev Technologies
- G & P Batteries Incorporated
- Belithium Corporation
- Cirba Solutions
- Accurec Recycling GmbH
- Li-Cycle Corp.
- Lithion Recycling Incorporated
- Recytech
- Lohum Cleantech
- Recupyl
- Attero Recycling
- Australian Battery Recycling Initiatives
- American Manganese Incorporated
- ACE Green Recycling Incorporated
- Call2Recycle
- TES-Amm
- Envirostream
- Floridienne Societe Anonyme
- CleanCycle
For more information about this report visit https://www.researchandmarkets.com/r/3aq057
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