Promo Codes Available:
The global Secondary Battery Recycling Market is projected to reach USD 315.55 billion by 2025 and is expected to grow further to USD 698.66 billion by 2030, registering a compound annual growth rate (CAGR) of 17.2% from 2025 to 2030.
Get Instant Access to a FREE Sample!
The rapid adoption of electric vehicles (EVs) and the expansion of renewable energy storage solutions are key drivers of market growth. As EV usage increases, recycling used batteries to recover valuable materials such as lithium, cobalt, and nickel becomes essential for sustainability and resource efficiency.
Regulatory initiatives are also accelerating market expansion. In Europe, the European Union has mandated that industrial batteries must contain minimum shares of recycled lithium, nickel, and cobalt by 2031. These regulations aim to reduce dependence on imports, promote a circular economy, and create a favorable environment for investment in recycling infrastructure, further boosting the growth of the secondary battery recycling market.
Key players in the global Secondary Battery Recycling Market include Li-Cycle Holdings Corp, Redwood Materials, Umicore, American Battery Technology Co., and Glencore. These companies are focusing on advanced recycling technologies, capacity expansion, and sustainable solutions to meet the growing demand from the EV and renewable energy sectors.