- In February 2024, Cirba Solutions and EcoPro signed a Memorandum of Understanding (MoU) to enhance lithium-ion battery recycling. This partnership is crucial to meet the growing demand for battery materials and support clean energy production in the U.S.
- In December 2023, Toyota and Criba Solutions entered into a partnership aimed at expanding the recycling network for used EV batteries. The initiative focuses on reducing Toyota's transportation and logistics costs by 70% and minimizing transportation-related emissions. The process is expected to recover up to 95% of key minerals from the batteries
- In December 2023, LOHUM Cleantech, one of India’s leading producers of sustainable energy transition materials, expanded into the UAE market by establishing one of the country's first EV battery recycling plants in collaboration with the Ministry of Energy & Infrastructure, UAE, and BEEAH. This move supports the country’s COP28 agenda, Net Zero by 2050 Strategic Initiative, Circular Economy Policy, and emissions-free mobility goals
- In October 2023, ACE Green Recycling (ACE) entered a Cooperative Research and Development Agreement (CRADA) with the U.S. Department of Energy’s National Renewable Energy Laboratory (NREL) to enhance and refine ACE’s eco-friendly and affordable lithium-ion battery recycling technology, focusing on improving the recycling process for graphite, lithium-iron phosphate (LFP), and other cathode-active materials
- In April 2023, Cirba Solutions signed a Memorandum of Understanding (MoU) with Honda to collect, process, and return recycled battery materials for use in Honda's future EV battery supply chain
- In February 2023, Contemporary Amperex Technology Co., Limited, Mercedes-Benz, and GEM Co., Ltd. signed a Memorandum of Understanding (MoU) to recycle cobalt, nickel, manganese, and lithium metals from spent EV batteries of Mercedes-Benz and remanufacture them into battery cathode materials
Frequently Asked Questions
The market is segmented based on Segmentation, By Chemistry (Lead Acid Battery, Lithium-Based Battery, Nickel-Based Battery, and Other Batteries), Source (Automotive Batteries, Industrial Batteries, Consumer, and Electronic Appliance Batteries), Material (Iron, Manganese, Nickel, Lithium, Lead, Cobalt, Aluminum, and Plastic), Consumer Segment (Original Equipment Manufacturers and Aftermarket), Application (Transportation, Consumer Electronics, and Industrial), End User (Extraction of Material, Reuse, Repackaging, Second Life, and Disposal) – Industry Trends and Forecast to 2032
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The Global Battery Recycling Market size was valued at USD 35.50 USD Billion in 2024.
The Global Battery Recycling Market is projected to grow at a CAGR of 10.5% during the forecast period of 2025 to 2032.
The market report covers data from the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
