Summary

The market for lithium-ion battery recycling is driven by the increasing adoption of electric vehicles and renewable energy storage systems. As the demand for lithium-ion batteries continues to surge, the need for sustainable end-of-life solutions has become critical. The shift towards electrification is a crucial part of decarbonizing the mobility sector. To support this transition and growth, it is imperative to establish a stable supply of raw materials for electric vehicle batteries and a sustainable end-of-life battery collection and recycling system.

The recycling market is expected to expand significantly over the next decade, with projections indicating a substantial increase in both volume and revenue. Key factors fueling this growth include stringent environmental regulations, the rising cost of raw materials, and a growing emphasis on circular economy principles. Governments worldwide are implementing policies to encourage battery recycling, while manufacturers are increasingly recognizing the economic and environmental benefits of recovering valuable materials from spent batteries.

The market landscape is characterized by a mix of established players and innovative start-ups, each developing unique technologies to improve recycling efficiency and reduce costs. Hydrometallurgical, pyrometallurgical, and direct recycling methods are being refined and scaled up to meet the growing demand. Additionally, new techniques such as mechanochemical pre-treatment and electrochemical methods are emerging, promising higher recovery rates and lower environmental impact.

The Global Li-ion Battery Recycling Market 2025-2035 is a comprehensive market research report that provides an in-depth analysis of the rapidly growing lithium-ion battery recycling industry. This report offers valuable insights into market trends, technological advancements, and growth opportunities in the global Li-ion battery recycling market over the next decade.

Key highlights of the report include:

• Market Overview and Forecasts: The report provides detailed market size estimates and projections from 2025 to 2035, segmented by recycling technology, battery chemistry, and geographical region. It offers a comprehensive analysis of market drivers, restraints, opportunities, and challenges shaping the industry's future.
• Technology Analysis: An in-depth examination of current and emerging Li-ion battery recycling technologies, including their strengths, weaknesses, opportunities, and threats (SWOT analysis).
• Application Insights: The study explores various applications of recycled materials across multiple sectors, including electric vehicles, consumer electronics, and energy storage systems.
• Competitive Landscape: A comprehensive analysis of key players in the Li-ion battery recycling market, including their recycling technologies, market strategies, and recent developments. The report profiles leading companies and emerging startups shaping the industry's future. Companies profiled include 24M, 4R Energy Corporation, ACE Green Recycling, Inc., Accurec Recycling GmbH, AE Elemental, Akkuser Oy, Allye Energy, Altilium, American Battery Technology Company (ABTC), Anhua Taisen, Aqua Metals, Inc., Ascend Elements, Attero Recycling, BASF, Battery Pollution Technologies, Batrec Industrie AG, Battri, Batx Energies Private Limited, BMW, Botree Cycling, CATL, Cirba Solutions, Circu Li-ion, Circunomics, Cylib, Dowa Eco-System Co., EcoBat, Econili Battery, EcoPro, Electra Battery Materials Corporation (Electra), Emulsion Flow Technologies, Energy Source, Enim, Eramet, ExPost Technology, Farasis Energy, Fortum Battery Recycling, Ganfeng Lithium, Ganzhou Cyclewell Technology Co. Ltd, GEM Co., Ltd., GLC RECYCLE PTE. LTD., Glencore, Gotion, Green Li-ion, Green Mineral, GS Group, Guangdong Guanghua Sci-Tech, Huayou Cobalt, HydroVolt, InoBat, Inmetco, J-Cycle, Inc.,  Jiecheng New Energy, JX Nippon Metal Mining, Keyking Recycling, Korea Zinc, Kyoei Seiko, LG Chem Ltd., Li Industries, Li-Cycle, Lithion Technologies, Lohum, Mecaware, Metastable Materials, Mitsubishi Materials, NEU Battery Materials, Nickelhütte Aue, Nth Cycle, OnTo Technology LLC, Orano, Posco HY Clean Metal, Princeton NuEnergy (PNE), ProtectLiB, RecycLiCo Battery Materials, RecycleKaro, Redivium Australia, Redwood Materials, Renewable Metals, RT Advanced Materials, Ruicycle Environmental Protection Technology, Ruilong Technology, Saidemei Resources Recycling Research Institute, Sebitchem, Shunhua Lithium, SiTration, SK Innovation Co. Ltd., Smartville Inc., Solvay, Sumitomo, Summit Nanotech, SungEel HITech, Technology Minerals plc/ Recyclus, Tozero GmbH, Umicore, Volkswagen, Voltfang, Young Poong Corp., and Zero Carbon Technologies (ZERO).
• Future Outlook and Emerging Trends: Insights into technological advancements, potential disruptive technologies, and long-term market predictions extending to 2035 and beyond. The report identifies key growth areas and innovation hotspots in the Li-ion battery recycling industry.
• Regional Analysis: A detailed examination of Li-ion battery recycling market dynamics across North America, Europe, Asia-Pacific, and other regions, highlighting regional adoption trends and growth opportunities.
• Value Chain Analysis: An overview of the Li-ion battery recycling industry value chain, from battery collection to material recovery and reuse, providing a holistic view of the market ecosystem.
• Regulatory Landscape: An examination of relevant regulations and standards affecting the development and adoption of Li-ion battery recycling technologies across different regions.

This report is an essential resource for:

• Li-ion battery manufacturers and recyclers
• Electric vehicle manufacturers
• Consumer electronics companies
• Energy storage system providers
• Raw material suppliers and traders
• Waste management companies
• Investment firms and financial analysts
• Government agencies and policymakers
• Environmental organizations and researchers

Key features of the report include:

• Over 100 tables and figures providing clear, data-driven insights
• Detailed company profiles of more than 90 key players in the Li-ion battery recycling industry
• Comprehensive market size and forecast data segmented by technology, battery chemistry, and region
• In-depth analysis of emerging technologies and their potential impact on the market
• Expert commentary on market trends, challenges, and opportunities

The global Li-ion battery recycling market is poised for significant growth, with increasing demand for sustainable battery lifecycle management across various industries. This report provides a thorough understanding of the current market landscape, emerging technologies, and future growth prospects, making it an invaluable tool for decision-makers looking to capitalize on opportunities in the Li-ion battery recycling sector. By leveraging extensive primary and secondary research, including interviews with industry experts and analysis of proprietary data, The Global Li-ion Battery Recycling Market 2025-2035 offers unparalleled insights into this dynamic and rapidly evolving industry. Whether you're a technology provider, battery manufacturer, recycler, investor, or researcher, this report will equip you with the knowledge and understanding needed to navigate the exciting future of Li-ion battery recycling technologies.

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Table of Contents

1 INTRODUCTION 11

• 1.1 Lithium-ion batteries 11
  • 1.1.1 What is a Li-ion battery? 14
  • 1.1.2 Li-ion cathode 16
  • 1.1.3 Li-ion anode 19
  • 1.1.4 Battery failure 20
  • 1.1.5 End-of-life 21
  • 1.1.6 Sustainability 23
• 1.2 The Electric Vehicle (EV) market 24
  • 1.2.1 Emerging market for replacement battery packs 25
  • 1.2.2 Closed-loop value chain for EV batteries 25
• 1.3 Lithium-Ion Battery recycling value chain 26
• 1.4 Circular life cycle 27
• 1.5 Global regulations and policies 29
  • 1.5.1 China 30
  • 1.5.2 EU 31
  • 1.5.3 US 32
  • 1.5.4 India 33
  • 1.5.5 South Korea 33
  • 1.5.6 Japan 34
  • 1.5.7 Australia 34
  • 1.5.8 Transportation 34
• 1.6 Sustainability and environmental benefits 35

2 RECYCLING METHODS AND TECHNOLOGIES 37

• 2.1 Black mass powder 39
• 2.2 Recycling different cathode chemistries 40
• 2.3 Preparation 40
• 2.4 Pre-Treatment 41
  • 2.4.1 Discharging 41
  • 2.4.2 Mechanical Pre-Treatment 41
  • 2.4.3 Thermal Pre-Treatment 44
• 2.5 Comparison of recycling techniques 45
• 2.6 Hydrometallurgy 46
  • 2.6.1 Method overview 46
    • 2.6.1.1 Solvent extraction 48
  • 2.6.2 SWOT analysis 48
• 2.7 Pyrometallurgy 50
  • 2.7.1 Method overview 50
  • 2.7.2 SWOT analysis 51
• 2.8 Direct recycling 52
  • 2.8.1 Method overview 52
    • 2.8.1.1 Electrolyte separation 53
    • 2.8.1.2 Separating cathode and anode materials 54
    • 2.8.1.3 Binder removal 54
    • 2.8.1.4 Relithiation 54
    • 2.8.1.5 Cathode recovery and rejuvenation 55
    • 2.8.1.6 Hydrometallurgical-direct hybrid recycling 56
  • 2.8.2 SWOT analysis 57
• 2.9 Other methods 58
  • 2.9.1 Mechanochemical Pretreatment 58
  • 2.9.2 Electrochemical Method 58
  • 2.9.3 Ionic Liquids 59
• 2.10 Recycling of Specific Components 59
  • 2.10.1 Anode (Graphite) 59
  • 2.10.2 Cathode 59
  • 2.10.3 Electrolyte 60
• 2.11 Recycling of Beyond Li-ion Batteries 60
  • 2.11.1 Conventional vs Emerging Processes 61
  • 2.11.2 Li-Metal batteries 62
  • 2.11.3 Lithium sulfur batteries (Li–S) 63
  • 2.11.4 All-solid-state batteries (ASSBs) 64

3 MARKET ANALYSIS 65

• 3.1 Market drivers 65
• 3.2 Market challenges 66
• 3.3 The current market 66
• 3.4 Recent market news, funding and developments 68
• 3.5 Economic case for Li-ion battery recycling 71
  • 3.5.1 Metal prices 72
  • 3.5.2 Second-life energy storage 73
  • 3.5.3 LFP batteries 73
  • 3.5.4 Other components and materials 74
  • 3.5.5 Reducing costs 74
• 3.6 Competitive landscape 75
• 3.7 Supply chain 77
• 3.8 Global capacities, current and planned 78
• 3.9 Future outlook 79
  • 3.10 Global market 2018-2040 80
    • 3.10.1 Chemistry 81
    • 3.10.2 Ktonnes 83
    • 3.10.3 Revenues 84
    • 3.10.4 Regional 86
      • 3.10.4.1 Europe 88
        • 3.10.4.1.1 Regional overview 89
      • 3.10.4.2 China 90
        • 3.10.4.2.1 Regional overview 90
      • 3.10.4.3 Rest of Asia-Pacific 92
        • 3.10.4.3.1 Regional overview 92
      • 3.10.4.4 North America 94
        • 3.10.4.4.1 Regional overview 94

4 COMPANY PROFILES 95 (98 company profiles)

5 TERMS AND DEFINITIONS 168

6 RESEARCH METHODOLOGY 170

7 REFERENCES 171

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List of Tables/Graphs

List of Tables

• Table 1. Lithium-ion (Li-ion) battery supply chain. 13
• Table 2. Commercial Li-ion battery cell composition. 14
• Table 3. Key technology trends shaping lithium-ion battery cathode development. 17
• Table 4. Cathode Materials Used in Commercial LIBs and Recycling Methods. 18
• Table 5. Fate of end-of-life Li-ion batteries. 22
• Table 6. Closed-loop value chain for electric vehicle (EV) batteries. 25
• Table 7. Li-ion battery recycling value chain. 26
• Table 8. Potential circular life cycle for lithium-ion batteries. 28
• Table 9. Regulations pertaining to the recycling and treatment of EOL batteries in the EU, USA, and China 29
• Table 10. China regulations and policies related to batteries. 30
• Table 11. Sustainability and environmental benefits of Li-ion recycling. 36
• Table 12. Typical lithium-ion battery recycling process flow. 38
• Table 13. Main feedstock streams that can be recycled for lithium-ion batteries. 39
• Table 14. Comparison of LIB recycling methods. 45
• Table 15. Comparison of conventional and emerging processes for recycling beyond lithium-ion batteries. 61
• Table 16. Market drivers for lithium-ion battery recycling. 65
• Table 17. Market challenges in lithium-ion battery recycling. 66
• Table 18. Recent market news, funding and developments in Li-ion battery recycling. 68
• Table 19. Economic assessment of battery recycling options. 71
• Table 20. Retired lithium-batteries. 75
• Table 21. Global capacities, current and planned (tonnes/year). 78
• Table 22. Global lithium-ion battery recycling market in tonnes segmented by cathode chemistry, 2018-2040. 81
• Table 23. Global Li-ion battery recycling market, 2018-2040 (ktonnes) 83
• Table 24. Global Li-ion battery recycling market, 2018-2040 (billions USD). 84
• Table 25. Li-ion battery recycling market, by region, 2018-2040 (ktonnes). 87
• Table 26. Li-ion battery recycling market, in Europe, 2018-2040 (ktonnes). 89
• Table 27. Li-ion battery recycling market, in China, 2018-2040 (ktonnes). 90
• Table 28. Li-ion battery recycling market, in Rest of Asia-Pacific, 2018-2040 (ktonnes). 93
• Table 29. Li-ion battery recycling market, in North America, 2018-2040 (ktonnes). 94

List of Figures

• Figure 1. Li-ion battery cell pack. 12
• Figure 2. Lithium Cell Design. 15
• Figure 3. Functioning of a lithium-ion battery. 16
• Figure 4. LIB cathode recycling routes. 19
• Figure 5. Lithium-ion recycling process. 23
• Figure 6. Process for recycling lithium-ion batteries from EVs. 24
• Figure 7. Circular life cycle of lithium ion-batteries. 28
• Figure 8. Typical direct, pyrometallurgical, and hydrometallurgical recycling methods for recovery of Li-ion battery active materials. 38
• Figure 9. Mechanical separation flow diagram. 42
• Figure 10. Recupyl mechanical separation flow diagram. 43
• Figure 11. Flow chart of recycling processes of lithium-ion batteries (LIBs). 46
• Figure 12. Hydrometallurgical recycling flow sheet. 47
• Figure 13. SWOT analysis for Hydrometallurgy Li-ion Battery Recycling. 49
• Figure 14. Umicore recycling flow diagram. 50
• Figure 15. SWOT analysis for Pyrometallurgy Li-ion Battery Recycling. 51
• Figure 16. Schematic of direct recyling process. 53
• Figure 17. SWOT analysis for Direct Li-ion Battery Recycling. 57
• Figure 18. Schematic diagram of a Li-metal battery. 63
• Figure 19. Schematic diagram of Lithium–sulfur battery. 63
• Figure 20. Schematic illustration of all-solid-state lithium battery. 64
• Figure 21. Li-ion Battery Recycling Market Supply Chain. 77
• Figure 22. Global scrapped EV (BEV+PHEV) forecast to 2040. 80
• Figure 23. Global Li-ion battery recycling market, 2018-2040 (chemistry). 82
• Figure 24. Global Li-ion battery recycling market, 2018-2040 (ktonnes) 84
• Figure 25. Global Li-ion battery recycling market, 2018-2040 (Billion USD). 85
• Figure 26. Global Li-ion battery recycling market, by region, 2018-2040 (ktonnes). 88
• Figure 27. Li-ion battery recycling market, in Europe, 2018-2040 (ktonnes). 90
• Figure 28. Li-ion battery recycling market, in China, 2018-2040 (ktonnes). 92
• Figure 29. Li-ion battery recycling market, in Rest of Asia-Pacific, 2018-2040 (ktonnes). 94
• Figure 30. Li-ion battery recycling market, in North America, 2018-2040 (ktonnes). 95