Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 3.12 Billion | USD 8.24 Billion | 10.20% | 24 |
FrequentlyAsked Questions
Lithium-ion (Li-ion) battery recycling is the process of recovering useful and valuable materials from used batteries.
The global Li-ion battery recycling market is expected to grow due to the increasing demand for energy storage solutions in the electric vehicle industry.
According to study, the global Li-ion battery recycling market size was worth around USD 3.12 billion in 2024 and is predicted to grow to around USD 8.24 billion by 2034.
The CAGR value of the Li-ion battery recycling market is expected to be around 10.20% during 2025-2034.
The global Li-ion battery recycling market will be led by Asia-Pacific during the forecast period.
The global Li-ion battery recycling market is led by players like RecycLiCo Battery Materials Inc., Umicore, Accurec-Recycling, Ganfeng Lithium Group Co., Ltd., Glencore, Raw Materials Company, Contemporary Amperex Technology Co., Limited (CATL), Li-Cycle Corp., Sitrasa, Redwood Materials, Inc., Retriev Technologies, Inc. (Cirba Solutions), RECUPYL SAS, American Battery Technology Company (ABTC), Neometals, and Ecobat.
The report explores crucial aspects of the Li-ion battery recycling market, including a detailed discussion of existing growth factors and restraints, while browsing future growth opportunities and challenges that impact the market.
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