전기자동차 배터리 재활용 시장 : 시장 점유율 분석, 업계 동향 및 통계, 성장 예측(2026-2031년)

According to Mordor Intelligence, the electric vehicle battery recycling market size is expected to be USD 4.03 billion in 2025, USD 5.29 billion in 2026, and reach USD 20.64 billion by 2031, growing at a CAGR of 31.29% from 2026 to 2031.

This report is Segmented by Battery Chemistry (Lithium-Ion, Nickel-Metal Hydride, and More), Source (EV-Production Scrap and More), Recycling Process (Hydrometallurgical and More), Vehicle Type (Two-Wheelers, Three-Wheelers, Passenger Cars, and More), Recovered Material (Lithium, Cobalt, Nickel, and More), and Geography. The Market Forecasts are Provided in Terms of Value (USD).

Global Electric Vehicle Battery Recycling Market Trends and Insights

Surging EV Sales Creating End-of-Life Battery Tsunami

Sales of electric vehicles (EVs) have increased significantly, signaling an unprecedented wave of battery retirements over the next decade. Vehicles sold during the initial surge are now nearing the end of their duty cycles. Consequently, annual scrap availability is expected to grow substantially. However, despite capacity additions, some regions face a significant shortfall. In one major market, recyclers processed a large volume of battery packs but struggled to cover black-mass payables, highlighting a tight supply scenario. Tesla's collaboration with Redwood Materials exemplifies the trend: their closed-loop partnership channels both production scrap and post-consumer packs back into anode-foil and cathode-precursor lines, reducing reliance on virgin materials. Regions like Norway and certain areas of California, pioneers in EV adoption, are set to face challenges. As early adopters retire their vehicles en masse, these regions will grapple with a localized undersupply of recycling capacity.

Stringent Extended-Producer-Responsibility (EPR) Mandates

The EU Battery Regulation, which entered into force in August 2025, requires 90% recovery of cobalt and nickel and 50% recovery of lithium by 2027, with sharper thresholds by 2031. China's updated traceability code forces every shipped cell to be linked to an approved recycler, while India mandates increased collection rates for battery waste over time. Meanwhile, Australia's Battery Stewardship Council, which now encompasses almost the entire retail sector, aims for higher collection rates in the future. The economics of compliance play a pivotal role: a hydromet plant processing significant volumes can achieve a higher internal rate of return (IRR) with European recycled-content credits than in areas without regulation. Original Equipment Manufacturers (OEMs) are innovating designs for quicker disassembly; for instance, BMW's snap-fit modules have significantly reduced labor time when compared to traditional adhesive-bonded designs.

High CAPEX and Long Payback for Hydromet Plants

Building a hydromet line with typical capacity requires significant capital expenditures (capex) and incurs high operational expenses (opex). This financial setup significantly extends the payback period, especially in the absence of subsidies. Li-Cycle's Rochester hub faced substantial budget overruns and subsequently sought bankruptcy protection, underscoring the inherent execution risks. Outside prominent mining regions, there's a notable shortage of chemical engineering professionals. This shortage has led to labor costs in North America and Europe being significantly higher than in China. Under the EU Industrial Emissions Directive, obtaining environmental impact permits can significantly extend project timelines. As a result, well-funded industry players like Umicore and CATL Brunp are aggressively consolidating their market presence. In contrast, emerging startups are either securing offtake guarantees backed by OEMs or shifting towards direct recycling methods that require lower capital expenditures.

Other drivers and restraints analyzed in the detailed report include:

1. Escalating Critical-Mineral Prices Boosting Recycled-Material ROI
2. OEM Drive for Low-Carbon, Localized Supply Chains
3. Volatile Black-Mass Spot Prices

For complete list of drivers and restraints, kindly check the Table Of Contents.

Segment Analysis

Lithium-ion chemistries accounted for 76.07% of 2025 revenue and are forecast to grow at a 32.07% CAGR, anchoring the electric vehicle battery recycling market. Nickel-rich NMC variants dominate high-end passenger cars, while lithium-iron-phosphate (LFP) now leads in commercial fleets and budget models. CATL Brunp processed significant volumes of lithium-ion scrap, achieving notable lithium recovery, underscoring the efficiency of hydrometallurgy. Recovered NMC scrap commands a higher metal value compared to LFP, prompting processors to favor direct regeneration for LFP. With technology diversification, the Electric Vehicle (EV) battery recycling market for NMC is set to grow, while LFP's share will see increased tonnage output but at a diminished value density. OEMs are enhancing the effective EV battery recycling market share through design-for-recycling initiatives-like modular packs, rapid disassembly, and chemistry QR codes-making them more amenable to automated facilities. The second-life energy-storage market is now less aligned with high-nickel packs, as stationary markets are increasingly favoring LFP, which returns to recyclers after a single refurbishment. Upcoming European policies mandating higher recycled-lithium thresholds are poised to amplify the profitability divide between NMC hydrometallurgy and LFP's direct routes.

Inputs like lithium-manganese-oxide and nickel-metal-hydride create a long-tail flow but seldom influence spot prices due to their limited volumes, typically associated with legacy hybrid programs. The ongoing expansions by BASF, Umicore, and Northvolt highlight a sustained commitment to hydrometallurgical capacities, especially for high-nickel scrap. As the industry gravitates towards nickel-rich and cobalt-lean solutions, processors brace for a dip in average revenue per tonne, intensifying their pursuit of low-energy direct pathways that preserve cathode crystal integrity.

Production scrap accounted for 58.37% of feedstock in 2025 and anchors closed-loop contracts that guarantee chemistry homogeneity. Redwood Materials, receiving all of its United States scrap from Tesla, Panasonic, and Ford, produced recycled copper foil sufficient for a significant number of electric vehicles (EVs). While scrap rates can peak during gigafactory ramp-ups, leading to short-term surpluses that inflate the size of the electric vehicle battery recycling market, it's anticipated that rising line yields will eventually reduce this surplus stream.

End-of-life volumes are growing 32.15% per year and are forecast to overtake production scrap. India expects to retire a significant volume of battery packs in the future. However, only a portion of these packs is formally collected. This shortfall is being addressed by informal dismantlers, who often discard valuable cathode materials. Meanwhile, the EU is working towards higher collection targets. This push is hastening the adoption of QR-code battery passports, ensuring packs are directed to certified recyclers. As a result, compliant operators in the electric vehicle battery recycling sector are seeing their market share expand. In Asia's two-wheeler sector, centralized swap-station logistics are streamlining the large-scale collection of smaller battery packs, slashing transport costs per unit.

Complete Report Scope:

• By Battery Chemistry
  • Lithium-ion (NMC, NCA, LFP, LMO, LCO)
  • Nickel-metal Hydride
  • Lead-acid
• By Source
  • EV-production scrap
  • End-of-life EV batteries
• By Recycling Process
  • Hydrometallurgical
  • Pyrometallurgical
  • Direct / Mechanical and Other Emerging
• By Vehicle Type
  • Two-Wheelers
  • Three-Wheelers
  • Passenger Cars
  • Light Commercial Vehicles
  • Medium and Heavy Commercial Vehicles
  • Buses and Coaches
• By Recovered Material
  • Lithium
  • Cobalt
  • Nickel
  • Manganese
  • Graphite and Others
• By Geography
  • North America
    • United States
    • Canada
    • Rest of North America
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Norway
    • Netherlands
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Thailand
    • Rest of Asia Pacific
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Rest of Middle East and Africa

Geography Analysis

Asia-Pacific held 72.87% of the Electric vehicle battery recycling market share in 2025. The Electric vehicle battery recycling market size in the region is projected to expand at a 33.12% CAGR between 2026 and 2031, supported by China's manufacturing scale and India's two-wheeler electrification. China processes significant volumes of spent batteries, with CATL's Brunp subsidiary achieving high recovery rates for nickel, cobalt, manganese, and lithium from substantial feedstock quantities. By leading the white-list certification scheme, Brunp influences a majority of the national recycling standards, consolidating technical expertise and feedstock flows within a limited number of licensed plants. Meanwhile, India's Battery Waste Management Rules set ambitious collection targets for the coming years. However, a notable capacity shortfall is already attracting investments from key players such as Attero Recycling, Tata Chemicals, and Exide Industries.

Europe ranked second in the electric vehicle battery recycling market share in 2025, anchored by Germany's OEM base and the EU Battery Regulation, which mandates 16% cobalt, 6% lithium, and 6% nickel recycled content by 2031. Fortum secured a EUR 40 million Innovation Fund grant in 2025 to double its Harjavalta plant to 20,000 t/y, and Volkswagen sources recycled precursors for its Salzgitter gigafactory from Duesenfeld's hybrid line . Spain and Italy are positioning as collection gateways, with Stena Recycling's new Barcelona hub aggregating scrap from North Africa for hydromet refiners in northern Europe. Norway's fleet, now accounting for a significant share of new sales, is set to create a localized scrap pulse. This could strain regional capacity unless cross-border logistics expand.

North America's electric vehicle battery recycling market is expanding rapidly, supported by incentives under the U.S. Inflation Reduction Act, which provides credits for cells utilizing recycled content. Redwood Materials has established an anode-foil plant in South Carolina, targeting significant annual output sourced from production scrap and dealer-collected packs. Ascend Elements has also launched a Hydro-to-Cathode facility in Kentucky. However, Li-Cycle has faced cost overruns at its Rochester hub, prompting Glencore to intervene. In Canada, the federal government has allocated funding to enhance recycling infrastructure in key provinces, leveraging its connections to mining clusters. Beyond the primary regions, countries such as Brazil, Saudi Arabia, and the UAE are conducting pilot projects and feasibility studies, indicating potential geographic diversification, though their current contributions remain limited.

1. ACCUREC Recycling GmbH
2. American Manganese Inc. (RecycLiCo Battery Materials Inc.)
3. Aqua Metals, Inc.
4. Ascend Elements, Inc.
5. Call2Recycle, Inc.
6. Eco-Bat Technologies Ltd.
7. Fortum Battery Recycling (Fortum Oyj)
8. Glencore
9. Redwood Materials, Inc.
10. Umicore
11. Guangdong Brunp Recycling Technology Co., Ltd.
12. GEM Co., Ltd.
13. Duesenfeld GmbH
14. Retriev Technologies Inc.
15. Veolia Environnement S.A.
16. Ganfeng Lithium Group Co., Ltd.
17. RecyBat (Societe Nouvelle d'Affinage des Metaux - SNAM)
18. TES-AMM Pte Ltd. (TES Sustainable Technology Solutions)

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

TABLE OF CONTENTS

1 Introduction

• 1.1 Study Assumptions and Market Definition
• 1.2 Scope of the Study

2 Research Methodology

3 Executive Summary

4 Market Landscape

• 4.1 Market Overview
• 4.2 Market Drivers
  • 4.2.1 Surging EV Sales Creating End-of-Life Battery Tsunami
  • 4.2.2 Stringent Extended-Producer-Responsibility (EPR) Mandates
  • 4.2.3 Escalating Critical-Mineral Prices Boosting Recycled-Material ROI
  • 4.2.4 OEM Drive for Low-Carbon, Localized Supply Chains
  • 4.2.5 LFP-Specific Lithium-Recovery Economics
  • 4.2.6 AI-Enabled Automated Pack Disassembly
• 4.3 Market Restraints
  • 4.3.1 High CAPEX and Long Payback for Hydromet Plants
  • 4.3.2 Volatile Black-Mass Spot Prices
  • 4.3.3 Safety and Logistics Risks in HV-Battery Collection
  • 4.3.4 Patent Thicket Around Direct-Recycling IP
• 4.4 Value/Supply-Chain Analysis
• 4.5 Regulatory Landscape
• 4.6 Technological Outlook
• 4.7 Porter's Five Forces
  • 4.7.1 Bargaining Power of Suppliers
  • 4.7.2 Bargaining Power of Consumers
  • 4.7.3 Threat of New Entrants
  • 4.7.4 Threat of Substitutes
  • 4.7.5 Intensity of Competitive Rivalry
• 4.8 Overview of Battery-Recycling Capacity
  • 4.8.1 Existing Plant Locations and Capacities
  • 4.8.2 Announced Plants and Expansions
• 4.9 Overview of Battery-Recycling Technologies
  • 4.9.1 Pyrometallurgical
  • 4.9.2 Hydrometallurgical
  • 4.9.3 Direct / Mechanical
• 4.10 Cost-Benefit Evaluation of Recycling Technologies
• 4.11 Futuristic Technology Shifts and Likely Beneficiaries

5 Market Size and Growth Forecasts (Value (USD))

• 5.1 By Battery Chemistry
  • 5.1.1 Lithium-ion (NMC, NCA, LFP, LMO, LCO)
  • 5.1.2 Nickel-metal Hydride
  • 5.1.3 Lead-acid
• 5.2 By Source
  • 5.2.1 EV-production scrap
  • 5.2.2 End-of-life EV batteries
• 5.3 By Recycling Process
  • 5.3.1 Hydrometallurgical
  • 5.3.2 Pyrometallurgical
  • 5.3.3 Direct / Mechanical and Other Emerging
• 5.4 By Vehicle Type
  • 5.4.1 Two-Wheelers
  • 5.4.2 Three-Wheelers
  • 5.4.3 Passenger Cars
  • 5.4.4 Light Commercial Vehicles
  • 5.4.5 Medium and Heavy Commercial Vehicles
  • 5.4.6 Buses and Coaches
• 5.5 By Recovered Material
  • 5.5.1 Lithium
  • 5.5.2 Cobalt
  • 5.5.3 Nickel
  • 5.5.4 Manganese
  • 5.5.5 Graphite and Others
• 5.6 By Geography
  • 5.6.1 North America
    • 5.6.1.1 United States
    • 5.6.1.2 Canada
    • 5.6.1.3 Rest of North America
  • 5.6.2 South America
    • 5.6.2.1 Brazil
    • 5.6.2.2 Argentina
    • 5.6.2.3 Rest of South America
  • 5.6.3 Europe
    • 5.6.3.1 Germany
    • 5.6.3.2 France
    • 5.6.3.3 United Kingdom
    • 5.6.3.4 Italy
    • 5.6.3.5 Spain
    • 5.6.3.6 Norway
    • 5.6.3.7 Netherlands
    • 5.6.3.8 Russia
    • 5.6.3.9 Rest of Europe
  • 5.6.4 Asia Pacific
    • 5.6.4.1 China
    • 5.6.4.2 Japan
    • 5.6.4.3 India
    • 5.6.4.4 South Korea
    • 5.6.4.5 Australia
    • 5.6.4.6 Indonesia
    • 5.6.4.7 Thailand
    • 5.6.4.8 Rest of Asia Pacific
  • 5.6.5 Middle East and Africa
    • 5.6.5.1 Saudi Arabia
    • 5.6.5.2 United Arab Emirates
    • 5.6.5.3 Rest of Middle East and Africa

6 Competitive Landscape

• 6.1 Market Concentration
• 6.2 Strategic Moves
• 6.3 Market Share Analysis
• 6.4 Company Profiles (Includes Global Level Overview, Market Level Overview, Core Segments, Financials as Available, Strategic Information, Market Rank/Share for Key Companies, Products and Services, SWOT Analysis, and Recent Developments)
  • 6.4.1 ACCUREC Recycling GmbH
  • 6.4.2 American Manganese Inc. (RecycLiCo Battery Materials Inc.)
  • 6.4.3 Aqua Metals, Inc.
  • 6.4.4 Ascend Elements, Inc.
  • 6.4.5 Call2Recycle, Inc.
  • 6.4.6 Eco-Bat Technologies Ltd.
  • 6.4.7 Fortum Battery Recycling (Fortum Oyj)
  • 6.4.8 Glencore
  • 6.4.9 Redwood Materials, Inc.
  • 6.4.10 Umicore
  • 6.4.11 Guangdong Brunp Recycling Technology Co., Ltd.
  • 6.4.12 GEM Co., Ltd.
  • 6.4.13 Duesenfeld GmbH
  • 6.4.14 Retriev Technologies Inc.
  • 6.4.15 Veolia Environnement S.A.
  • 6.4.16 Ganfeng Lithium Group Co., Ltd.
  • 6.4.17 RecyBat (Societe Nouvelle d'Affinage des Metaux - SNAM)
  • 6.4.18 TES-AMM Pte Ltd. (TES Sustainable Technology Solutions)

7 Market Opportunities and Future Outlook

• 7.1 White-Space and Unmet-Need Assessment