Global EV Battery Recycling Market Outlook, Opportunities And Strategies – Includes EV Battery Recycling Market Share
Learn about the global EV battery recycling market through The Business Research Company, which provides information on EV battery recycling market size, EV battery recycling market drivers and restraints, EV battery recycling market players, the COVID-19 impact on the EV battery recycling market, and more.
The global EV battery recycling market is expected to grow from $1.31 billion in 2021 to $1.77 billion in 2022 at a compound annual growth rate (CAGR) of 35.5%. The global EV battery recycling market size is expected to grow to $5.30 billion in 2026 at a CAGR of 31.6%.
An increase in the sales of electric vehicles (EV) is expected to propel the growth of the EV battery recycling market going forward.
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The EV battery recycling market consists of sales of EV battery recycling products and services by entities (organizations, sole traders, and partnerships) that are used for recycling the batteries of electric vehicles. Lithium-ion batteries are the common type of batteries that are used in electric vehicles (EVs), and recycling of these batteries is done to reclaim the crucial minerals such as lithium, cobalt, manganese, and nickel. These minerals are further used for the production of new batteries. This involves the use of mechanical and hydrometallurgical recycling technologies, and these processes for battery treatment have been improved for high safety, sustainability, and a high recovery rate.
Global EV battery recycling market segments include:
By Battery Type: Lead-Acid Battery, Lithium-Based Battery, Others
By Process: Pyrometallurgical, Hydrometallurgical, Others
By Vehicle Type: Passenger Cars, Commercial Vehicles
By Application: Electric Cars, Electric Buses, Energy Storage Systems, Others
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia-Pacific is the largest region in the global EV battery recycling market in 2021
The emergence of new processes is a key trend gaining popularity in the EV battery recycling market. Major companies operating in the EV battery recycling sector are developing new and innovative processes to recover valuable battery minerals.
Major Market Players: Accurec Recycling Gmbh, American Manganese Inc., Umicore, Li-Cycle Corp., G & P Batteries, Recupyl, Retriev Technologies, Sitrasa, Floridienne (Snam S.A.S.), Redwood Materials, Attero Recycling, Australian Battery Recycling Initiatives, TES-Amm, Gravita India Ltd., Ziptrax Cleantech, Lohum Cleantech, and ACE Green Recycling Inc.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)
The EV Battery Recycling Global Market Report 2022 is one of a series of new reports from The Business Research Company that provides EV battery recycling market overviews, analyzes and forecasts market size, share, EV battery recycling market players, EV battery recycling market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s EV battery recycling market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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