According to a new report published by Allied Market Research, titled, "Battery Materials Recycling Market," The battery materials recycling market was valued at $26.3 billion in 2022, and is estimated to reach $56.9 billion by 2032, growing at a CAGR of 8.1% from 2023 to 2032.

Battery recycling is the process of extracting and reusing valuable materials from used batteries. It involves several steps, including collection, sorting, dismantling, and refining. The collected batteries are sorted based on their chemistry, size, and type to facilitate the recycling process. Dismantling is carried out to separate different components of the battery, such as the casing, electrodes, electrolytes, and other materials. These components are then subjected to various techniques, such as mechanical processes, pyrometallurgical processes, and hydrometallurgical processes, to extract valuable metals such as lithium, cobalt, nickel, and lead. The recovered metals may be used to manufacture new batteries or for other industrial applications.
Battery recycling plays a crucial role in various domains, starting with consumer electronics. There is an increase in demand for batteries with the increase in use of electronic devices such as smartphones, laptops, and tablets. Recycling batteries from these devices helps in recovering valuable materials, thus reducing the environmental impact of their disposal. It also ensures proper management of hazardous substances present in batteries, such as lead and mercury, which may have detrimental effects on human health and the environment.
Renewable energy systems, such as solar and wind power, rely on batteries to store excess energy for later use. These batteries, often called energy storage systems, play a vital role in stabilizing the grid and enabling the smooth integration of intermittent renewable energy sources. Recycling the batteries used in energy storage systems helps recover valuable materials and reduces the environmental impact associated with their production and disposal. It also promotes the sustainable development of renewable energy by closing the loop and minimizing resource depletion.
The battery materials recycling market is segmented into material type, end-use industry, and regions. On the basis of material type, the market is categorized into lithium, cobalt, iron, manganese, nickel, lead, and others. On the basis of end-use industry, the market is divided into automotive, building and construction, aerospace & defense, textile, and others. Region-wise the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
By material type, manganese is the fastest-growing segment of the battery materials recycling market in 2022. Manganese, a transition metal, possesses outstanding electrochemical properties, making it a highly sought-after option for the production of batteries. In rechargeable batteries, manganese is commonly utilized in the form of manganese oxide (MnO) or manganese dioxide (MnO2) as a cathode material. The implementation of manganese-based cathodes presents numerous benefits such as high energy density, reliable cycling stability, and cost-effectiveness in comparison to alternative cathode materials.
- To facilitate the sustainable use of manganese, recycling plays a crucial role. The recycling process entails the collection, disassembly, and treatment of batteries that have reached their end-of-life stage, with the aim of extracting valuable metals, including manganese. The recovered manganese can then undergo reprocessing and be reintroduced into the battery manufacturing supply chain, contributing to resource conservation and reducing the need for new manganese extraction.
By end-use industry, textile segment is the fastest growing segment of the battery materials recycling market in 2022. Battery recycling is a multi-step process that aims to recover valuable materials, one of which is polypropylene (PP). The initial stage involves the collection of batteries from different sources, such as electronic waste recycling centers and battery collection programs. By incorporating recycled polypropylene fibers into textile production, industry can make a significant contribution to resource conservation. This is achieved by reducing the need for new polypropylene, which is derived from fossil fuels. Through the utilization of recycled polypropylene, the textile industry actively participates in the circular economy, minimizing its dependence on non-renewable resources.
- On the basis of region, Asia-Pacific is the fastest growing region of the battery materials recycling market in 2022. The Asia-Pacific region has emerged as a prominent center for electric vehicle production and adoption, with countries like China, India, and Australia leading the way. These nations are actively investing in renewable energy sources like solar and wind power to support their growing electric vehicle industries. However, the development of renewable energy systems often relies on energy storage solutions, particularly lithium-ion batteries. Due to limited reserves of critical battery materials such as lithium and cobalt within the Asia-Pacific region, recycling has become a crucial strategy to ensure resource security and reduce dependence on imports.
- Recognizing the significance of sustainable battery management, China has taken significant strides in battery materials recycling. The country has implemented regulations that hold manufacturers accountable for recycling a certain percentage of the batteries they produce. Consequently, several recycling facilities have been established, specifically focusing on the extraction and recovery of valuable metals like lithium, cobalt, and nickel from spent batteries.
- The major players operating in the global battery materials recycling market include Cirba Solutions, Eco-Bat Technologies, GEM Co., Ltd., Gopher Resource, GRAVITA INDIA LIMITED, Li-Cycle, RecycLiCo Battery Materials Inc., Redux GmbH, Redwood Materials Inc., and Umicore N.V.
Key findings of the study:
- The report outlines the current battery materials recycling market trends and future scenario of the market from 2023 to 2032 to understand the prevailing opportunities and potential investment pockets.
- The battery materials recycling market size is provided in terms of revenue.
- By materials type, the lead segment was the highest revenue contributor in the global battery materials recycling market share in 2022.
- By end-use industry, the automotive sector emerged as the leading revenue generator in the market, in 2022.
- By region, Europe was the highest revenue contributor, accounting in 2022, with a CAGR of 7.8%.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the battery materials recycling market analysis from 2022 to 2032 to identify the prevailing battery materials recycling market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the battery materials recycling market growth which assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global battery materials recycling market forecast, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Material Type
- Nickle
- Lead
- Others
- Lithium
- Cobalt
- Iron
- Manganese
By End-Use
- Automotive
- Building and Construction
- Aerospace and Defense
- Textile
- Others
By Region
- North America
- Europe
- Germany
- France
- Italy
- Spain
- UK
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players:
- Cirba Solutions
- Eco-Bat Technologies
- GEM Co., Ltd.
- Gopher Resource
- Gravita India Limited
- Li-Cycle
- RecycLiCo Battery Materials Inc.
- Redux GmbH
- Redwood Materials Inc.
- Umicore N.V.
TABLE OF CONTENTS
CHAPTER 1: INTRODUCTION
- 1.1. Report description
- 1.2. Key market segments
- 1.3. Key benefits to the stakeholders
- 1.4. Research Methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
- 3.1. Market definition and scope
- 3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
- 3.3. Porter's five forces analysis
- 3.3.1. High bargaining power of suppliers
- 3.3.2. High threat of new entrants
- 3.3.3. Moderate threat of substitutes
- 3.3.4. High intensity of rivalry
- 3.3.5. Moderate bargaining power of buyers
- 3.4. Market dynamics
- 3.4.1. Drivers
- 3.4.1.1. Increase in demand for recycled battery materials in electric vehicles
- 3.4.1.2. E-waste management and circular supply chains
- 3.4.2. Restraints
- 3.4.2.1. Complex and costly process of recycling battery materials
- 3.4.3. Opportunities
- 3.4.3.1. Implementation of environmental protection
- 3.5. COVID-19 Impact Analysis on the market
- 3.6. Value Chain Analysis
- 3.7. Key Regulation Analysis
CHAPTER 4: BATTERY MATERIALS RECYCLING MARKET, BY MATERIAL TYPE
- 4.1. Overview
- 4.1.1. Market size and forecast
- 4.2. Lithium
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
- 4.3. Cobalt
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country
- 4.4. Iron
- 4.4.1. Key market trends, growth factors and opportunities
- 4.4.2. Market size and forecast, by region
- 4.4.3. Market share analysis by country
- 4.5. Manganese
- 4.5.1. Key market trends, growth factors and opportunities
- 4.5.2. Market size and forecast, by region
- 4.5.3. Market share analysis by country
- 4.6. Nickle
- 4.6.1. Key market trends, growth factors and opportunities
- 4.6.2. Market size and forecast, by region
- 4.6.3. Market share analysis by country
- 4.7. Lead
- 4.7.1. Key market trends, growth factors and opportunities
- 4.7.2. Market size and forecast, by region
- 4.7.3. Market share analysis by country
- 4.8. Others
- 4.8.1. Key market trends, growth factors and opportunities
- 4.8.2. Market size and forecast, by region
- 4.8.3. Market share analysis by country
CHAPTER 5: BATTERY MATERIALS RECYCLING MARKET, BY END-USE
- 5.1. Overview
- 5.1.1. Market size and forecast
- 5.2. Automotive
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
- 5.3. Building and Construction
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country
- 5.4. Aerospace and Defense
- 5.4.1. Key market trends, growth factors and opportunities
- 5.4.2. Market size and forecast, by region
- 5.4.3. Market share analysis by country
- 5.5. Textile
- 5.5.1. Key market trends, growth factors and opportunities
- 5.5.2. Market size and forecast, by region
- 5.5.3. Market share analysis by country
- 5.6. Others
- 5.6.1. Key market trends, growth factors and opportunities
- 5.6.2. Market size and forecast, by region
- 5.6.3. Market share analysis by country
CHAPTER 6: BATTERY MATERIALS RECYCLING MARKET, BY REGION
- 6.1. Overview
- 6.1.1. Market size and forecast By Region
- 6.2. North America
- 6.2.1. Key trends and opportunities
- 6.2.2. Market size and forecast, by Material Type
- 6.2.3. Market size and forecast, by End-Use
- 6.2.4. Market size and forecast, by country
- 6.2.4.1. U.S.
- 6.2.4.1.1. Key market trends, growth factors and opportunities
- 6.2.4.1.2. Market size and forecast, by Material Type
- 6.2.4.1.3. Market size and forecast, by End-Use
- 6.2.4.2. Canada
- 6.2.4.2.1. Key market trends, growth factors and opportunities
- 6.2.4.2.2. Market size and forecast, by Material Type
- 6.2.4.2.3. Market size and forecast, by End-Use
- 6.2.4.3. Mexico
- 6.2.4.3.1. Key market trends, growth factors and opportunities
- 6.2.4.3.2. Market size and forecast, by Material Type
- 6.2.4.3.3. Market size and forecast, by End-Use
- 6.3. Europe
- 6.3.1. Key trends and opportunities
- 6.3.2. Market size and forecast, by Material Type
- 6.3.3. Market size and forecast, by End-Use
- 6.3.4. Market size and forecast, by country
- 6.3.4.1. Germany
- 6.3.4.1.1. Key market trends, growth factors and opportunities
- 6.3.4.1.2. Market size and forecast, by Material Type
- 6.3.4.1.3. Market size and forecast, by End-Use
- 6.3.4.2. France
- 6.3.4.2.1. Key market trends, growth factors and opportunities
- 6.3.4.2.2. Market size and forecast, by Material Type
- 6.3.4.2.3. Market size and forecast, by End-Use
- 6.3.4.3. Italy
- 6.3.4.3.1. Key market trends, growth factors and opportunities
- 6.3.4.3.2. Market size and forecast, by Material Type
- 6.3.4.3.3. Market size and forecast, by End-Use
- 6.3.4.4. Spain
- 6.3.4.4.1. Key market trends, growth factors and opportunities
- 6.3.4.4.2. Market size and forecast, by Material Type
- 6.3.4.4.3. Market size and forecast, by End-Use
- 6.3.4.5. UK
- 6.3.4.5.1. Key market trends, growth factors and opportunities
- 6.3.4.5.2. Market size and forecast, by Material Type
- 6.3.4.5.3. Market size and forecast, by End-Use
- 6.3.4.6. Rest of Europe
- 6.3.4.6.1. Key market trends, growth factors and opportunities
- 6.3.4.6.2. Market size and forecast, by Material Type
- 6.3.4.6.3. Market size and forecast, by End-Use
- 6.4. Asia-Pacific
- 6.4.1. Key trends and opportunities
- 6.4.2. Market size and forecast, by Material Type
- 6.4.3. Market size and forecast, by End-Use
- 6.4.4. Market size and forecast, by country
- 6.4.4.1. China
- 6.4.4.1.1. Key market trends, growth factors and opportunities
- 6.4.4.1.2. Market size and forecast, by Material Type
- 6.4.4.1.3. Market size and forecast, by End-Use
- 6.4.4.2. Japan
- 6.4.4.2.1. Key market trends, growth factors and opportunities
- 6.4.4.2.2. Market size and forecast, by Material Type
- 6.4.4.2.3. Market size and forecast, by End-Use
- 6.4.4.3. India
- 6.4.4.3.1. Key market trends, growth factors and opportunities
- 6.4.4.3.2. Market size and forecast, by Material Type
- 6.4.4.3.3. Market size and forecast, by End-Use
- 6.4.4.4. South Korea
- 6.4.4.4.1. Key market trends, growth factors and opportunities
- 6.4.4.4.2. Market size and forecast, by Material Type
- 6.4.4.4.3. Market size and forecast, by End-Use
- 6.4.4.5. Australia
- 6.4.4.5.1. Key market trends, growth factors and opportunities
- 6.4.4.5.2. Market size and forecast, by Material Type
- 6.4.4.5.3. Market size and forecast, by End-Use
- 6.4.4.6. Rest of Asia-Pacific
- 6.4.4.6.1. Key market trends, growth factors and opportunities
- 6.4.4.6.2. Market size and forecast, by Material Type
- 6.4.4.6.3. Market size and forecast, by End-Use
- 6.5. LAMEA
- 6.5.1. Key trends and opportunities
- 6.5.2. Market size and forecast, by Material Type
- 6.5.3. Market size and forecast, by End-Use
- 6.5.4. Market size and forecast, by country
- 6.5.4.1. Brazil
- 6.5.4.1.1. Key market trends, growth factors and opportunities
- 6.5.4.1.2. Market size and forecast, by Material Type
- 6.5.4.1.3. Market size and forecast, by End-Use
- 6.5.4.2. Saudi Arabia
- 6.5.4.2.1. Key market trends, growth factors and opportunities
- 6.5.4.2.2. Market size and forecast, by Material Type
- 6.5.4.2.3. Market size and forecast, by End-Use
- 6.5.4.3. South Africa
- 6.5.4.3.1. Key market trends, growth factors and opportunities
- 6.5.4.3.2. Market size and forecast, by Material Type
- 6.5.4.3.3. Market size and forecast, by End-Use
- 6.5.4.4. Rest of LAMEA
- 6.5.4.4.1. Key market trends, growth factors and opportunities
- 6.5.4.4.2. Market size and forecast, by Material Type
- 6.5.4.4.3. Market size and forecast, by End-Use
CHAPTER 7: COMPETITIVE LANDSCAPE
- 7.1. Introduction
- 7.2. Top winning strategies
- 7.3. Product Mapping of Top 10 Player
- 7.4. Competitive Dashboard
- 7.5. Competitive Heatmap
- 7.6. Top player positioning, 2022
CHAPTER 8: COMPANY PROFILES
- 8.1. Eco-Bat Technologies
- 8.1.1. Company overview
- 8.1.2. Key Executives
- 8.1.3. Company snapshot
- 8.1.4. Operating business segments
- 8.1.5. Product portfolio
- 8.1.6. Key strategic moves and developments
- 8.2. GEM Co., Ltd.
- 8.2.1. Company overview
- 8.2.2. Key Executives
- 8.2.3. Company snapshot
- 8.2.4. Operating business segments
- 8.2.5. Product portfolio
- 8.2.6. Business performance
- 8.2.7. Key strategic moves and developments
- 8.3. Li-Cycle
- 8.3.1. Company overview
- 8.3.2. Key Executives
- 8.3.3. Company snapshot
- 8.3.4. Operating business segments
- 8.3.5. Product portfolio
- 8.3.6. Key strategic moves and developments
- 8.4. Gravita India Limited
- 8.4.1. Company overview
- 8.4.2. Key Executives
- 8.4.3. Company snapshot
- 8.4.4. Operating business segments
- 8.4.5. Product portfolio
- 8.4.6. Business performance
- 8.5. RecycLiCo Battery Materials Inc.
- 8.5.1. Company overview
- 8.5.2. Key Executives
- 8.5.3. Company snapshot
- 8.5.4. Operating business segments
- 8.5.5. Product portfolio
- 8.5.6. Key strategic moves and developments
- 8.6. Redux GmbH
- 8.6.1. Company overview
- 8.6.2. Key Executives
- 8.6.3. Company snapshot
- 8.6.4. Operating business segments
- 8.6.5. Product portfolio
- 8.7. Gopher Resource
- 8.7.1. Company overview
- 8.7.2. Key Executives
- 8.7.3. Company snapshot
- 8.7.4. Operating business segments
- 8.7.5. Product portfolio
- 8.8. Umicore N.V.
- 8.8.1. Company overview
- 8.8.2. Key Executives
- 8.8.3. Company snapshot
- 8.8.4. Operating business segments
- 8.8.5. Product portfolio
- 8.8.6. Business performance
- 8.8.7. Key strategic moves and developments
- 8.9. Redwood Materials Inc.
- 8.9.1. Company overview
- 8.9.2. Key Executives
- 8.9.3. Company snapshot
- 8.9.4. Operating business segments
- 8.9.5. Product portfolio
- 8.10. Cirba Solutions
- 8.10.1. Company overview
- 8.10.2. Key Executives
- 8.10.3. Company snapshot
- 8.10.4. Operating business segments
- 8.10.5. Product portfolio
- 8.10.6. Key strategic moves and developments