배터리 재료용 도시 광산 시장 예측(-2034년) - 회수 재료 공급원, 대상이 되는 배터리 화학 조성, 회수 프로세스, 추출 재료, 용도, 최종사용자, 지역별 세계 분석

According to Stratistics MRC, the Global Urban Mining for Battery Materials Market is accounted for $4.4 billion in 2026 and is expected to reach $14.5 billion by 2034 growing at a CAGR of 16.0% during the forecast period. Urban mining for battery materials involves extracting valuable metals like lithium, cobalt, nickel, and manganese from spent batteries and electronic waste streams. This approach decreases reliance on virgin mining activities and strengthens a circular economy by feeding recovered resources back into new battery manufacturing. It helps reduce environmental damage, carbon output, and vulnerabilities in critical raw material supply chains. As electric vehicles and energy storage technologies expand rapidly, the importance of urban mining continues to grow. Improved recycling processes and collection infrastructure are boosting recovery rates, making the reuse of battery materials both economically feasible and environmentally sustainable worldwide.

According to the International Energy Agency (IEA, 2024), recycling could reduce the need for new mining by 40% for copper and cobalt, and 25% for lithium and nickel by 2050 under the Announced Pledges Scenario.

Market Dynamics:

Driver:

Growth of circular economy practices

A strong global movement toward circular economic systems is boosting the demand for urban mining solutions. Businesses and governments are prioritizing waste reduction and efficient use of resources by promoting recycling and reuse instead of disposal. Urban mining supports this model by extracting valuable metals from spent batteries and feeding them back into manufacturing processes. This approach reduces the need for newly mined materials and helps minimize environmental degradation. Organizations are increasingly implementing closed-loop production systems to improve sustainability performance. As circular economy adoption expands, investments in battery recycling technologies and recovery infrastructure continue to rise steadily.

Restraint:

High cost of recycling infrastructure

A significant limitation for the urban mining market is the expensive setup required for modern recycling systems. Establishing facilities that use hydrometallurgical or pyrometallurgical processes involves heavy investment in equipment, technology, and trained personnel. Along with high capital expenditure, companies also face ongoing operational and maintenance costs. In many emerging economies, financial constraints make it difficult to develop large-scale recycling infrastructure. Profitability is further impacted by unstable prices of recovered metals. These financial challenges restrict the rapid expansion of urban mining operations and slow down the adoption of advanced battery recycling solutions globally.

Opportunity:

Rising demand for electric vehicles and energy storage

The increasing use of electric vehicles and energy storage technologies creates strong growth opportunities for urban mining. With rising EV sales worldwide, more batteries will eventually reach the end of their lifecycle, ensuring a continuous supply of recyclable materials. In addition, renewable energy expansion requires extensive battery storage systems, which will further contribute to future waste generation. Urban mining can recover essential metals like lithium, cobalt, and nickel from these used batteries efficiently. This expanding demand for clean energy solutions guarantees a stable material source, strengthening the role of recycling in the global energy transition.

Threat:

Rapid evolution of battery technologies

Rapid advancements in battery technology pose a serious challenge to the urban mining industry. Emerging battery types, including solid-state and new chemical formulations, may reduce dependence on traditional metals such as cobalt and nickel. This shift can make existing recycling systems less effective, as they are mainly designed for current lithium-ion batteries. Recycling facilities may need expensive upgrades to handle new materials and evolving designs. In addition, the absence of standardized battery formats increases processing complexity. These technological changes create uncertainty and may reduce the long-term usefulness of existing urban mining infrastructure and investments.

Covid-19 Impact:

The COVID-19 crisis affected the urban mining industry in both negative and positive ways. At the beginning of the pandemic, strict lockdowns and movement restrictions disrupted recycling activities, supply chains, and battery collection networks. Limited workforce availability and transport issues reduced the efficiency of material recovery operations. However, the crisis also exposed weaknesses in global raw material supply chains, increasing awareness of the need for recycling and local sourcing. As economic activities recovered, rising demand for electric vehicles and renewable energy systems strengthened the importance of battery recycling. Urban mining became more critical for ensuring stable access to essential materials.

The lithium segment is expected to be the largest during the forecast period

The lithium segment is expected to account for the largest market share during the forecast period because it is essential for manufacturing rechargeable batteries, particularly lithium-ion types used in electric vehicles and energy storage applications. The expanding EV industry and renewable energy sector have greatly increased the need for lithium, making its recovery from used batteries highly valuable. Urban mining provides a sustainable way to meet this demand while lowering reliance on traditional mining activities. Its strong economic importance and extensive use in modern battery technologies reinforce its dominant position. Recycling lithium plays a key role in supporting resource efficiency and long-term supply stability.

The recycling companies segment is expected to have the highest CAGR during the forecast period

Over the forecast period, the recycling companies segment is predicted to witness the highest growth rate because they are directly responsible for gathering and processing used batteries to extract valuable materials. The surge in discarded batteries from electric vehicles and electronic devices is significantly boosting their expansion. These firms are increasingly adopting advanced recycling technologies to enhance efficiency and improve metal recovery rates. Strong regulatory support and growing emphasis on circular economy practices are further accelerating their development. As the need for sustainable material sourcing increases, recycling companies are emerging as key drivers of the urban mining industry and expanding rapidly.

Region with largest share:

During the forecast period, the Asia Pacific region is expected to hold the largest market share because it is a major center for battery production, electric mobility, and consumer electronics manufacturing. Key countries like China, Japan, and South Korea play a dominant role in global battery supply chains, resulting in significant quantities of used batteries available for recycling. Strong industrial capabilities, supportive government policies, and rising investments in sustainable resource recovery further enhance regional growth. In addition, rapid industrialization and increasing demand for battery metals contribute to its leadership position. These combined factors establish Asia Pacific as the primary region for urban mining development.

Region with highest CAGR:

Over the forecast period, the Europe region is anticipated to exhibit the highest CAGR, supported by strong environmental regulations and sustainability targets. The European Union's focus on achieving carbon neutrality and promoting circular economy practices is encouraging large-scale investments in recycling systems. Rising electric vehicle usage across major countries like Germany, France, and others is increasing the volume of used batteries available for recovery. Government support in the form of incentives and funding for advanced recycling technologies is further boosting expansion. These combined drivers make Europe the most rapidly growing region in this market globally.

Key players in the market

Some of the key players in Urban Mining for Battery Materials Market include Redwood Materials, Li-Cycle, Ascend Elements, Umicore, Glencore, Retriev Technologies, Fortum, GEM Co., Ltd., Battery Resources, Aqua Metals, American Manganese Inc. (Recyco), Neometals, JX Nippon Mining & Metals, Duesenfeld, SNAM S.p.A., TES (TES-AMM), Raw Materials Company and Ecobat.

Key Developments:

In January 2026, Glencore and Rio Tinto revive merger discussion. A tie-up between the two companies would represent the largest-ever deal in an industry that has been gripped by takeover fever as the biggest producers seek to bulk up on copper - a crucial metal for the energy transition that is trading near record highs.

In November 2025, Umicore has entered into a strategic partnership agreement with Korea's HS Hyosung Advanced Materials to advance and fund the industrialization, commercialization and further development of its silicon-carbon composite anode materials for electric vehicle (EV) lithium-ion batteries.

Source of Recovered Materials Covered:

• End-of-Life Electric Vehicle Batteries
• Consumer Electronics & Portable Devices
• Industrial & Stationary Energy Storage Systems

Battery Chemistry Targeteds Covered:

• Lithium-Ion Batteries
• Nickel-Cadmium Batteries
• Nickel-Metal Hydride Batteries
• Lead-Acid Batteries

Recovery Processes Covered:

• Mechanical Processing
• Hydrometallurgical Recovery
• Pyrometallurgical Recovery
• Direct Recycling & Reconditioning

Extracted Materials Covered:

• Lithium
• Nickel
• Cobalt
• Manganese
• Graphite
• Rare Earth Elements

Applications Covered:

• Battery Manufacturing
• Automotive Industry
• Consumer Electronics
• Industrial Energy Storage
• Other Applications

End Users Covered:

• Battery Manufacturers
• Automotive OEMs
• Electronics Manufacturers
• Recycling Companies
• Energy Utilities

Regions Covered:

• North America
  • United States
  • Canada
  • Mexico
• Europe
  • United Kingdom
  • Germany
  • France
  • Italy
  • Spain
  • Netherlands
  • Belgium
  • Sweden
  • Switzerland
  • Poland
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Thailand
  • Malaysia
  • Singapore
  • Vietnam
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Colombia
  • Chile
  • Peru
  • Rest of South America
• Rest of the World (RoW)
  • Middle East
• Saudi Arabia
• United Arab Emirates
• Qatar
• Israel
• Rest of Middle East
  • Africa
• South Africa
• Egypt
• Morocco
• Rest of Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2023, 2024, 2025, 2026, 2027, 2028, 2030, 2032 and 2034
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

• 1.1 Market Snapshot and Key Highlights
• 1.2 Growth Drivers, Challenges, and Opportunities
• 1.3 Competitive Landscape Overview
• 1.4 Strategic Insights and Recommendations

2 Research Framework

• 2.1 Study Objectives and Scope
• 2.2 Stakeholder Analysis
• 2.3 Research Assumptions and Limitations
• 2.4 Research Methodology
  • 2.4.1 Data Collection (Primary and Secondary)
  • 2.4.2 Data Modeling and Estimation Techniques
  • 2.4.3 Data Validation and Triangulation
  • 2.4.4 Analytical and Forecasting Approach

3 Market Dynamics and Trend Analysis

• 3.1 Market Definition and Structure
• 3.2 Key Market Drivers
• 3.3 Market Restraints and Challenges
• 3.4 Growth Opportunities and Investment Hotspots
• 3.5 Industry Threats and Risk Assessment
• 3.6 Technology and Innovation Landscape
• 3.7 Emerging and High-Growth Markets
• 3.8 Regulatory and Policy Environment
• 3.9 Impact of COVID-19 and Recovery Outlook

4 Competitive and Strategic Assessment

• 4.1 Porter's Five Forces Analysis
  • 4.1.1 Supplier Bargaining Power
  • 4.1.2 Buyer Bargaining Power
  • 4.1.3 Threat of Substitutes
  • 4.1.4 Threat of New Entrants
  • 4.1.5 Competitive Rivalry
• 4.2 Market Share Analysis of Key Players
• 4.3 Product Benchmarking and Performance Comparison

5 Global Urban Mining for Battery Materials Market, By Source of Recovered Material

• 5.1 End-of-Life Electric Vehicle Batteries
• 5.2 Consumer Electronics & Portable Devices
• 5.3 Industrial & Stationary Energy Storage Systems

6 Global Urban Mining for Battery Materials Market, By Battery Chemistry Targeted

• 6.1 Lithium-Ion Batteries
• 6.2 Nickel-Cadmium Batteries
• 6.3 Nickel-Metal Hydride Batteries
• 6.4 Lead-Acid Batteries

7 Global Urban Mining for Battery Materials Market, By Recovery Process

• 7.1 Mechanical Processing
• 7.2 Hydrometallurgical Recovery
• 7.3 Pyrometallurgical Recovery
• 7.4 Direct Recycling & Reconditioning

8 Global Urban Mining for Battery Materials Market, By Extracted Material

• 8.1 Lithium
• 8.2 Nickel
• 8.3 Cobalt
• 8.4 Manganese
• 8.5 Graphite
• 8.6 Rare Earth Elements

9 Global Urban Mining for Battery Materials Market, By Application

• 9.1 Battery Manufacturing
• 9.2 Automotive Industry
• 9.3 Consumer Electronics
• 9.4 Industrial Energy Storage
• 9.5 Other Applications

10 Global Urban Mining for Battery Materials Market, By End User

• 10.1 Battery Manufacturers
• 10.2 Automotive OEMs
• 10.3 Electronics Manufacturers
• 10.4 Recycling Companies
• 10.5 Energy Utilities

11 Global Urban Mining for Battery Materials Market, By Geography

• 11.1 North America
  • 11.1.1 United States
  • 11.1.2 Canada
  • 11.1.3 Mexico
• 11.2 Europe
  • 11.2.1 United Kingdom
  • 11.2.2 Germany
  • 11.2.3 France
  • 11.2.4 Italy
  • 11.2.5 Spain
  • 11.2.6 Netherlands
  • 11.2.7 Belgium
  • 11.2.8 Sweden
  • 11.2.9 Switzerland
  • 11.2.10 Poland
  • 11.2.11 Rest of Europe
• 11.3 Asia Pacific
  • 11.3.1 China
  • 11.3.2 Japan
  • 11.3.3 India
  • 11.3.4 South Korea
  • 11.3.5 Australia
  • 11.3.6 Indonesia
  • 11.3.7 Thailand
  • 11.3.8 Malaysia
  • 11.3.9 Singapore
  • 11.3.10 Vietnam
  • 11.3.11 Rest of Asia Pacific
• 11.4 South America
  • 11.4.1 Brazil
  • 11.4.2 Argentina
  • 11.4.3 Colombia
  • 11.4.4 Chile
  • 11.4.5 Peru
  • 11.4.6 Rest of South America
• 11.5 Rest of the World (RoW)
  • 11.5.1 Middle East
    • 11.5.1.1 Saudi Arabia
    • 11.5.1.2 United Arab Emirates
    • 11.5.1.3 Qatar
    • 11.5.1.4 Israel
    • 11.5.1.5 Rest of Middle East
  • 11.5.2 Africa
    • 11.5.2.1 South Africa
    • 11.5.2.2 Egypt
    • 11.5.2.3 Morocco
    • 11.5.2.4 Rest of Africa

12 Strategic Market Intelligence

• 12.1 Industry Value Network and Supply Chain Assessment
• 12.2 White-Space and Opportunity Mapping
• 12.3 Product Evolution and Market Life Cycle Analysis
• 12.4 Channel, Distributor, and Go-to-Market Assessment

13 Industry Developments and Strategic Initiatives

• 13.1 Mergers and Acquisitions
• 13.2 Partnerships, Alliances, and Joint Ventures
• 13.3 New Product Launches and Certifications
• 13.4 Capacity Expansion and Investments
• 13.5 Other Strategic Initiatives

14 Company Profiles

• 14.1 Redwood Materials
• 14.2 Li-Cycle
• 14.3 Ascend Elements
• 14.4 Umicore
• 14.5 Glencore
• 14.6 Retriev Technologies
• 14.7 Fortum
• 14.8 GEM Co., Ltd.
• 14.9 Battery Resources
• 14.10 Aqua Metals
• 14.11 American Manganese Inc. (Recyco)
• 14.12 Neometals
• 14.13 JX Nippon Mining & Metals
• 14.14 Duesenfeld
• 14.15 SNAM S.p.A.
• 14.16 TES (TES-AMM)
• 14.17 Raw Materials Company
• 14.18 Ecobat