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The market size for recycling electric vehicle batteries was estimated at USD 0.20 billion in 2022. The market for recycling electric vehicle batteries is anticipated to increase from USD 0.29 billion in 2023 to USD 1.99 billion by 2030, expanding at a compound annual growth rate (CAGR) of 36.40% from 2023 to 2030. The use of natural resources in battery manufacture is receiving more and more attention. The main factors promoting market expansion are higher government development aid and research and development spending.
Companies (organizations, sole proprietorships, and partnerships) that sell goods and services for recycling electric vehicle batteries make up the electric vehicle battery recycling market. The most common type of battery used in electric vehicles (EVs) is a lithium-ion battery, and recycling these batteries enables the recovery of vital minerals including lithium, manganese, cobalt, and nickel. Then, new batteries are created using these minerals. These battery treatment methods, which use mechanical and hydrometallurgical recycling technologies, were created for high safety, sustainability, and recovery rates.
The most frequently recycled batteries are lithium-ion batteries, lead-acid batteries, and other kinds of electric car batteries. Rechargeable lead-acid batteries have a high energy-to-weight ratio but a low energy-to-volume ratio. They last a very long time, are relatively affordable, and have a reduced energy density. In order to recycle these batteries, the lead metal must first be removed from the batteries. High-tech lead-acid batteries are being developed for use in commercial electric vehicles. Many vehicle types, including passenger cars and commercial vehicles, use pyrometallurgical, hydrometallurgical, and other processes. Among them are electric buses, energy storage devices, electric cars, and other uses.
With the advent of the first automobile, batteries became a secondary power source. Battery electric vehicles on the market are propelled by an electric vehicle battery, often known as a traction battery. A secondary (rechargeable) battery is used in electric vehicles. It doesn't need a combustion engine to move since it uses chemical energy that is stored in rechargeable battery packs. When a battery reaches its "end of life," a new one is installed in its place. To make the most use of limited metal resources, the precious components contained within each of these batteries can be collected and recycled when they reach the end of their useful lives. When these batteries reach the end of their useful lives, several metals including aluminum, cobalt, nickel, lithium, and others can be recovered.
Due to growing public awareness of the negative consequences of climate change and global warming as well as alarming pollution levels in major Asian Pacific countries like China and India, demand for electric vehicles and the batteries they use has surged. When an electric vehicle's battery has served its purpose, it is recycled, which is good for the environment. Recycling greatly lessens the detrimental impacts of pollution. When driven, most automobiles release greenhouse gases. Your car's fuel production and transportation both produce greenhouse gases. For instance, to make gasoline, the oil must be dug up from the earth, moved to a refinery, transformed into gasoline, and then moved to gas stations. Each of these behaviors may result in an increase in greenhouse gas emissions.
Consumer interest in electric vehicles (EVs) is growing in response to mounting environmental concerns. Rising sales of electric vehicles are therefore projected to result in an increase in the total quantity of EVBs at the end of their useful lives, necessitating more battery recycling. Additionally, it is anticipated that EVB recycling companies will improve their recycling capacity as more batteries are purchased overall from growing sales of electric vehicles and batteries obtained from sources of second-life use. The growth of the electric vehicle battery recycling market is anticipated to be aided by all of these factors over the forecast period.
Emergence of new processes: One key trend that is taking off in the electric vehicle battery recycling sector is the creation of creative procedures. Major electric vehicle battery recycling companies are investigating fresh and inventive methods to retrieve priceless battery components. For instance, in March 2022, Ascend Elements, a US-based producer of cutting-edge battery materials, and Koura, a US-based producer of fluoroproducts, joined forces to develop Hydro-to-Anode, a cutting-edge method that can recover 99.9% pure graphite from depleted batteries. Recovered graphite can be used to create new batteries because it is of the same grade as virgin graphite. The use of this approach reduces the need for mining new materials and enables the cost-effective recycling of lithium-ion (Li-ion) batteries.
Report Coverage
Global Electric Vehicle Battery Recycling research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Electric Vehicle Battery Recycling report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Electric Vehicle Battery Recycling competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Electric Vehicle Battery Recycling market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Electric Vehicle Battery Recycling market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Electric Vehicle Battery Recycling market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
SITRASA, ACCUREC RECYCLING GMBH, UMICORE, A.C.C.U.R.E.C. Recycling GmbH (Germany), American Manganese Inc. (Canada), Battery Solutions (U.S.), Li-Cycle Corp. (Canada), G & P Batteries (U.K.), Recupyl (France), Retriev Technologies (U.S.), Australian Battery Recycling Initiative (Australia), Snam S.p.A. (Italy), Umicore N.V. (Belgium).
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Electric Vehicle Battery Recycling market based on the below-mentioned segments:
Global Electric Vehicle Battery Recycling Market, By Type
lead acid
lithium-ion
others
Global Electric Vehicle Battery Recycling market, By Application
Pyrometallurgical
Hydrometallurgical
others
Global Electric Vehicle Battery Recycling Market, By End User
Transportation
Consumer electronics
Industrial
Global Electric Vehicle Battery Recycling market, Regional Analysis
Companies (organizations, sole proprietorships, and partnerships) that sell goods and services for recycling electric vehicle batteries make up the electric vehicle battery recycling market. The most common type of battery used in electric vehicles (EVs) is a lithium-ion battery, and recycling these batteries enables the recovery of vital minerals including lithium, manganese, cobalt, and nickel. Then, new batteries are created using these minerals. These battery treatment methods, which use mechanical and hydrometallurgical recycling technologies, were created for high safety, sustainability, and recovery rates.
The most frequently recycled batteries are lithium-ion batteries, lead-acid batteries, and other kinds of electric car batteries. Rechargeable lead-acid batteries have a high energy-to-weight ratio but a low energy-to-volume ratio. They last a very long time, are relatively affordable, and have a reduced energy density. In order to recycle these batteries, the lead metal must first be removed from the batteries. High-tech lead-acid batteries are being developed for use in commercial electric vehicles. Many vehicle types, including passenger cars and commercial vehicles, use pyrometallurgical, hydrometallurgical, and other processes. Among them are electric buses, energy storage devices, electric cars, and other uses.
With the advent of the first automobile, batteries became a secondary power source. Battery electric vehicles on the market are propelled by an electric vehicle battery, often known as a traction battery. A secondary (rechargeable) battery is used in electric vehicles. It doesn't need a combustion engine to move since it uses chemical energy that is stored in rechargeable battery packs. When a battery reaches its "end of life," a new one is installed in its place. To make the most use of limited metal resources, the precious components contained within each of these batteries can be collected and recycled when they reach the end of their useful lives. When these batteries reach the end of their useful lives, several metals including aluminum, cobalt, nickel, lithium, and others can be recovered.
Due to growing public awareness of the negative consequences of climate change and global warming as well as alarming pollution levels in major Asian Pacific countries like China and India, demand for electric vehicles and the batteries they use has surged. When an electric vehicle's battery has served its purpose, it is recycled, which is good for the environment. Recycling greatly lessens the detrimental impacts of pollution. When driven, most automobiles release greenhouse gases. Your car's fuel production and transportation both produce greenhouse gases. For instance, to make gasoline, the oil must be dug up from the earth, moved to a refinery, transformed into gasoline, and then moved to gas stations. Each of these behaviors may result in an increase in greenhouse gas emissions.
Consumer interest in electric vehicles (EVs) is growing in response to mounting environmental concerns. Rising sales of electric vehicles are therefore projected to result in an increase in the total quantity of EVBs at the end of their useful lives, necessitating more battery recycling. Additionally, it is anticipated that EVB recycling companies will improve their recycling capacity as more batteries are purchased overall from growing sales of electric vehicles and batteries obtained from sources of second-life use. The growth of the electric vehicle battery recycling market is anticipated to be aided by all of these factors over the forecast period.
Emergence of new processes: One key trend that is taking off in the electric vehicle battery recycling sector is the creation of creative procedures. Major electric vehicle battery recycling companies are investigating fresh and inventive methods to retrieve priceless battery components. For instance, in March 2022, Ascend Elements, a US-based producer of cutting-edge battery materials, and Koura, a US-based producer of fluoroproducts, joined forces to develop Hydro-to-Anode, a cutting-edge method that can recover 99.9% pure graphite from depleted batteries. Recovered graphite can be used to create new batteries because it is of the same grade as virgin graphite. The use of this approach reduces the need for mining new materials and enables the cost-effective recycling of lithium-ion (Li-ion) batteries.
Report Coverage
Global Electric Vehicle Battery Recycling research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Electric Vehicle Battery Recycling report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Electric Vehicle Battery Recycling competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Electric Vehicle Battery Recycling market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | SITRASA, ACCUREC RECYCLING GMBH, UMICORE, A.C.C.U.R.E.C. Recycling GmbH (Germany), American Manganese Inc. (Canada), Battery Solutions (U.S.), Li-Cycle Corp. (Canada), G & P Batteries (U.K.), Recupyl (France), Retriev Technologies (U.S.), Australian Battery Recycling Initiative (Australia), Snam S.p.A. (Italy), Umicore N.V. (Belgium). |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Electric Vehicle Battery Recycling Market from 2021 to 2030.
- Market Forecast for Electric Vehicle Battery Recycling Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Electric Vehicle Battery Recycling competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Electric Vehicle Battery Recycling
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Electric Vehicle Battery Recycling market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Electric Vehicle Battery Recycling market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
SITRASA, ACCUREC RECYCLING GMBH, UMICORE, A.C.C.U.R.E.C. Recycling GmbH (Germany), American Manganese Inc. (Canada), Battery Solutions (U.S.), Li-Cycle Corp. (Canada), G & P Batteries (U.K.), Recupyl (France), Retriev Technologies (U.S.), Australian Battery Recycling Initiative (Australia), Snam S.p.A. (Italy), Umicore N.V. (Belgium).
Primary Target Market
- Market Players of Electric Vehicle Battery Recycling
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Electric Vehicle Battery Recycling market based on the below-mentioned segments:
Global Electric Vehicle Battery Recycling Market, By Type
lead acid
lithium-ion
others
Global Electric Vehicle Battery Recycling market, By Application
Pyrometallurgical
Hydrometallurgical
others
Global Electric Vehicle Battery Recycling Market, By End User
Transportation
Consumer electronics
Industrial
Global Electric Vehicle Battery Recycling market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
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