Global Lithium-Ion Battery Recycling Market 2024-2028

Global Lithium-Ion Battery Recycling Market 2024-2028


The lithium-ion battery recycling market is forecasted to grow by USD 3000.26 mn during 2023-2028, accelerating at a CAGR of 21.81% during the forecast period. The report on the lithium-ion battery recycling market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by an increase in demand for EVs, government support for lithium-ion battery recycling, and increasing urbanization in emerging markets.

Technavio's lithium-ion battery recycling market is segmented as below:

By Source
  • Non-mobility
  • Mobility
By Method
  • Hydrometallurgical
  • Physical and mechanical
  • Pyrometallurgical
By Geographical Landscape
  • APAC
  • Europe
  • North America
  • South America
  • Middle East and Africa
This study identifies the opening of new battery recycling facilities as one of the prime reasons driving the lithium-ion battery recycling market growth during the next few years. Also, rising stewardship collaboration for battery recycling and widening lithium supply-demand gap will lead to sizable demand in the market.

The report on the lithium-ion battery recycling market covers the following areas:
  • Lithium-ion battery recycling market sizing
  • Lithium-ion battery recycling market forecast
  • Lithium-ion battery recycling market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading lithium-ion battery recycling market vendors that include Akkuser Oy, Battery Solutions LLC, Befesa SA, Contemporary Amperex Technology Co. Ltd., Duesenfeld GmbH, Ecobat LLC, Fortum Oyj, GEM Co. Ltd., Glencore Plc, Gopher Resource LLC, Li Cycle Holdings Corp., Neometals Ltd., Onto Technology LLC, RecycLiCo Battery Materials Inc, Sistemas de Tubo Ambiental SA de CV, Tata Chemicals Ltd., TES Singapore Pte Ltd., Umicore SA, Veolia Environnement SA, and Lithion Recycling. Also, the lithium-ion battery recycling market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth


  • Executive Summary
    • Market overview
      • Table Executive Summary - Chart on Market Overview
      • Table Executive Summary - Data Table on Market Overview
      • Table Executive Summary - Chart on Global Market Characteristics
      • Table Executive Summary - Chart on Market by Geography
      • Table Executive Summary - Chart on Market Segmentation by Source
      • Table Executive Summary - Chart on Market Segmentation by Method
      • Table Executive Summary - Chart on Incremental Growth
      • Table Executive Summary - Data Table on Incremental Growth
      • Table Executive Summary - Chart on Vendor Market Positioning
  • Market Landscape
    • Market ecosystem
      • Table Parent market
      • Table Market Characteristics
  • Market Sizing
    • Market definition
      • Table Offerings of vendors included in the market definition
    • Market segment analysis
      • Table Market segments
    • Market size 2023
    • Market outlook: Forecast for 2023-2028
      • Table Chart on Global - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Global - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Global Market: Year-over-year growth 2023-2028 (%)
      • Table Data Table on Global Market: Year-over-year growth 2023-2028 (%)
  • Historic Market Size
    • Global lithium-ion battery recycling market 2018 - 2022
      • Table Historic Market Size - Data table on global lithium-ion battery recycling market 2018 - 2022 ($ million)
    • Source Segment Analysis 2018 - 2022
      • Table Historic Market Size - Source Segment 2018 - 2022 ($ million)
    • Method Segment Analysis 2018 - 2022
      • Table Historic Market Size - Method Segment 2018 - 2022 ($ million)
    • Geography Segment Analysis 2018 - 2022
      • Table Historic Market Size - Geography Segment 2018 - 2022 ($ million)
    • Country Segment Analysis 2018 - 2022
      • Table Historic Market Size - Country Segment 2018 - 2022 ($ million)
  • Five Forces Analysis
    • Five forces summary
      • Table Five forces analysis - Comparison between 2023 and 2028
    • Bargaining power of buyers
      • Table Chart on Bargaining power of buyers - Impact of key factors 2023 and 2028
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers - Impact of key factors in 2023 and 2028
    • Threat of new entrants
      • Table Threat of new entrants - Impact of key factors in 2023 and 2028
    • Threat of substitutes
      • Table Threat of substitutes - Impact of key factors in 2023 and 2028
    • Threat of rivalry
      • Table Threat of rivalry - Impact of key factors in 2023 and 2028
    • Market condition
      • Table Chart on Market condition - Five forces 2023 and 2028
  • Market Segmentation by Source
    • Market segments
      • Table Chart on Source - Market share 2023-2028 (%)
      • Table Data Table on Source - Market share 2023-2028 (%)
    • Comparison by Source
      • Table Chart on Comparison by Source
      • Table Data Table on Comparison by Source
    • Non-mobility - Market size and forecast 2023-2028
      • Table Chart on Non-mobility - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Non-mobility - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Non-mobility - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Non-mobility - Year-over-year growth 2023-2028 (%)
    • Mobility - Market size and forecast 2023-2028
      • Table Chart on Mobility - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Mobility - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Mobility - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Mobility - Year-over-year growth 2023-2028 (%)
    • Market opportunity by Source
      • Table Market opportunity by Source ($ million)
      • Table Data Table on Market opportunity by Source ($ million)
  • Market Segmentation by Method
    • Market segments
      • Table Chart on Method - Market share 2023-2028 (%)
      • Table Data Table on Method - Market share 2023-2028 (%)
    • Comparison by Method
      • Table Chart on Comparison by Method
      • Table Data Table on Comparison by Method
    • Hydrometallurgical - Market size and forecast 2023-2028
      • Table Chart on Hydrometallurgical - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Hydrometallurgical - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Hydrometallurgical - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Hydrometallurgical - Year-over-year growth 2023-2028 (%)
    • Physical and mechanical - Market size and forecast 2023-2028
      • Table Chart on Physical and mechanical - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Physical and mechanical - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Physical and mechanical - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Physical and mechanical - Year-over-year growth 2023-2028 (%)
    • Pyrometallurgical - Market size and forecast 2023-2028
      • Table Chart on Pyrometallurgical - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Pyrometallurgical - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Pyrometallurgical - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Pyrometallurgical - Year-over-year growth 2023-2028 (%)
    • Market opportunity by Method
      • Table Market opportunity by Method ($ million)
      • Table Data Table on Market opportunity by Method ($ million)
  • Customer Landscape
    • Customer landscape overview
      • Table Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
  • Geographic Landscape
    • Geographic segmentation
      • Table Chart on Market share by geography 2023-2028 (%)
      • Table Data Table on Market share by geography 2023-2028 (%)
    • Geographic comparison
      • Table Chart on Geographic comparison
      • Table Data Table on Geographic comparison
    • APAC - Market size and forecast 2023-2028
      • Table Chart on APAC - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on APAC - Market size and forecast 2023-2028 ($ million)
      • Table Chart on APAC - Year-over-year growth 2023-2028 (%)
      • Table Data Table on APAC - Year-over-year growth 2023-2028 (%)
    • Europe - Market size and forecast 2023-2028
      • Table Chart on Europe - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Europe - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Europe - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Europe - Year-over-year growth 2023-2028 (%)
    • North America - Market size and forecast 2023-2028
      • Table Chart on North America - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on North America - Market size and forecast 2023-2028 ($ million)
      • Table Chart on North America - Year-over-year growth 2023-2028 (%)
      • Table Data Table on North America - Year-over-year growth 2023-2028 (%)
    • South America - Market size and forecast 2023-2028
      • Table Chart on South America - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on South America - Market size and forecast 2023-2028 ($ million)
      • Table Chart on South America - Year-over-year growth 2023-2028 (%)
      • Table Data Table on South America - Year-over-year growth 2023-2028 (%)
    • Middle East and Africa - Market size and forecast 2023-2028
      • Table Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
    • China - Market size and forecast 2023-2028
      • Table Chart on China - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on China - Market size and forecast 2023-2028 ($ million)
      • Table Chart on China - Year-over-year growth 2023-2028 (%)
      • Table Data Table on China - Year-over-year growth 2023-2028 (%)
    • US - Market size and forecast 2023-2028
      • Table Chart on US - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on US - Market size and forecast 2023-2028 ($ million)
      • Table Chart on US - Year-over-year growth 2023-2028 (%)
      • Table Data Table on US - Year-over-year growth 2023-2028 (%)
    • Germany - Market size and forecast 2023-2028
      • Table Chart on Germany - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Germany - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Germany - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Germany - Year-over-year growth 2023-2028 (%)
    • Japan - Market size and forecast 2023-2028
      • Table Chart on Japan - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Japan - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Japan - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Japan - Year-over-year growth 2023-2028 (%)
    • UK - Market size and forecast 2023-2028
      • Table Chart on UK - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on UK - Market size and forecast 2023-2028 ($ million)
      • Table Chart on UK - Year-over-year growth 2023-2028 (%)
      • Table Data Table on UK - Year-over-year growth 2023-2028 (%)
    • Market opportunity by geography
      • Table Market opportunity by geography ($ million)
      • Table Data Tables on Market opportunity by geography ($ million)
  • Drivers, Challenges, and Trends
    • Market drivers
      • Increase in demand for EVs
      • Government support for lithium-ion battery recycling
      • Increasing urbanization in emerging markets
    • Market challenges
      • Safety issues related to storage and transportation of spent batteries
      • Low yield of lithium-ion recycling battery
      • Issue related to pyrometallurgy method
    • Impact of drivers and challenges
      • Table Impact of drivers and challenges in 2023 and 2028
    • Market trends
      • Opening of new battery recycling facilities
      • Rising stewardship collaboration for battery recycling
      • Widening lithium supply-demand gap
  • Vendor Landscape
    • Overview
    • Vendor landscape
      • Table Overview on Criticality of inputs and Factors of differentiation
    • Landscape disruption
      • Table Overview on factors of disruption
    • Industry risks
      • Table Impact of key risks on business
  • Vendor Analysis
    • Vendors covered
      • Table Vendors covered
    • Market positioning of vendors
      • Table Matrix on vendor position and classification
    • Battery Solutions LLC
      • Table Battery Solutions LLC - Overview
      • Table Battery Solutions LLC - Product / Service
      • Table Battery Solutions LLC - Key offerings
    • Befesa SA
      • Table Befesa SA - Overview
      • Table Befesa SA - Business segments
      • Table Befesa SA - Key offerings
      • Table Befesa SA - Segment focus
    • Contemporary Amperex Technology Co. Ltd.
      • Table Contemporary Amperex Technology Co. Ltd. - Overview
      • Table Contemporary Amperex Technology Co. Ltd. - Product / Service
      • Table Contemporary Amperex Technology Co. Ltd. - Key offerings
    • Ecobat LLC
      • Table Ecobat LLC - Overview
      • Table Ecobat LLC - Product / Service
      • Table Ecobat LLC - Key offerings
    • Fortum Oyj
      • Table Fortum Oyj - Overview
      • Table Fortum Oyj - Business segments
      • Table Fortum Oyj - Key offerings
      • Table Fortum Oyj - Segment focus
    • GEM Co. Ltd.
      • Table GEM Co. Ltd. - Overview
      • Table GEM Co. Ltd. - Product / Service
      • Table GEM Co. Ltd. - Key offerings
    • Glencore Plc
      • Table Glencore Plc - Overview
      • Table Glencore Plc - Business segments
      • Table Glencore Plc - Key offerings
      • Table Glencore Plc - Segment focus
    • Li Cycle Holdings Corp.
      • Table Li Cycle Holdings Corp. - Overview
      • Table Li Cycle Holdings Corp. - Product / Service
      • Table Li Cycle Holdings Corp. - Key offerings
    • Neometals Ltd.
      • Table Neometals Ltd. - Overview
      • Table Neometals Ltd. - Product / Service
      • Table Neometals Ltd. - Key offerings
    • RecycLiCo Battery Materials Inc
      • Table RecycLiCo Battery Materials Inc - Overview
      • Table RecycLiCo Battery Materials Inc - Product / Service
      • Table RecycLiCo Battery Materials Inc - Key offerings
    • Sistemas de Tubo Ambiental SA de CV
      • Table Sistemas de Tubo Ambiental SA de CV - Overview
      • Table Sistemas de Tubo Ambiental SA de CV - Product / Service
      • Table Sistemas de Tubo Ambiental SA de CV - Key offerings
    • Tata Chemicals Ltd.
      • Table Tata Chemicals Ltd. - Overview
      • Table Tata Chemicals Ltd. - Business segments
      • Table Tata Chemicals Ltd. - Key offerings
      • Table Tata Chemicals Ltd. - Segment focus
    • TES Singapore Pte Ltd.
      • Table TES Singapore Pte Ltd. - Overview
      • Table TES Singapore Pte Ltd. - Product / Service
      • Table TES Singapore Pte Ltd. - Key offerings
    • Umicore SA
      • Table Umicore SA - Overview
      • Table Umicore SA - Business segments
      • Table Umicore SA - Key news
      • Table Umicore SA - Key offerings
      • Table Umicore SA - Segment focus
    • Veolia Environnement SA
      • Table Veolia Environnement SA - Overview
      • Table Veolia Environnement SA - Business segments
      • Table Veolia Environnement SA - Key news
      • Table Veolia Environnement SA - Key offerings
      • Table Veolia Environnement SA - Segment focus
  • Appendix
    • Scope of the report
      • Market definition
      • Objectives
      • Notes and caveats
    • Inclusions and exclusions checklist
      • Table Inclusions checklist
      • Table Exclusions checklist
    • Currency conversion rates for US$
      • Table Currency conversion rates for US$
    • Research methodology
      • Table Research methodology
      • Table Validation techniques employed for market sizing
      • Table Information sources
    • List of abbreviations
      • Table List of abbreviations

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