Australia Battery Recycling Market

Australia Battery Recycling Market Size and Share:

The Australia battery recycling market size reached USD 336.00 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 612.55 Million by 2033, exhibiting a growth rate (CAGR) of 6.90% during 2025-2033. The surging electric vehicle (EV) adoption, the rollout of residential/commercial energy‐storage generating end-of-life lithium-ion streams, supportive federal and state regulations and incentives for a circular economy, technological advances in hydrometallurgical recovery boosting metal yields, and robust private-public investments in domestic recycling infrastructure are boosting the market expansion.

Australia Battery Recycling Market Trends:

Explosive Growth in End-of-Life Streams from EV and Grid-Scale Storage Deployments

Australia's rapid electrification of transport and growth in utility-scale energy storage is driving an unprecedented rise in end-of-life lithium-ion batteries, highlighting the need for advanced recycling capabilities. New EV sales reached 114,000 units in 2024, up from the sale of 98,000 units in 2023 and forecasting larger waste streams in the coming years. In parallel, Australia commissioned 4 GW (10 GWh) of grid-scale battery energy storage in 2023 and is set to exceed 5 GW by the end of 2024, making it the fourth-largest utility-storage market globally. These deployments generate over 3,300 tons of lithium-ion battery waste annually, with projections for this figure to grow significantly as passenger EV fleets and stationary storage systems mature. This surge in spent batteries is driving investment in hydrometallurgical and mechanical shredding lines, enabling higher recovery rates of critical metals like cobalt, nickel, and lithium. As recycling infrastructure expands, Australia is positioning itself to capture a larger share of the global circular-economy value chain, transforming waste into a valuable domestic resource.

Robust Policy Support and Mega-Scale Public–Private Investments

Australia's federal and state governments are driving battery recycling growth with strategic funding and regulatory support. In May 2024, the Commonwealth launched an AUD 532 million National Battery Strategy, aimed at bolstering domestic recycling infrastructure, R\&D, and circular-economy efforts, capitalizing on the country's vast reserves of critical minerals like cobalt, nickel, and lithium. At the state level, Western Australia awarded Envirostream AUD 850,000 in late 2024 to develop a dedicated battery sorting and dismantling facility. On the private-sector front, Envirostream’s March 2024 agreements with LG Energy Solution and Hyundai Glovis will inject 6,000 large-format battery packs into Australia's recycling stream, a 140% increase over its 2023 volumes. These partnerships highlight OEMs’ commitment to circular supply chains. Upcoming amendments to the National Waste Policy will introduce Extended Producer Responsibility (EPR) for lithium-ion batteries and set recycled-content mandates by 2027. These combined policy actions and investments are positioning Australia as a regional leader in battery recycling, reinforcing supply-chain resilience and environmental sustainability.

Australia Battery Recycling Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the region/country level for 2025-2033. Our report has categorized the market based on type, source, material, and end-use.

Type Insights:

• Lead-acid Batteries
• Nickel-based Batteries
• Lithium-based Batteries
• Others

The report has provided a detailed breakup and analysis of the market based on the type. This includes lead-acid batteries, nickel-based batteries, lithium-based batteries, and others.

Source Insights:

• Industrial
• Automotive
• Consumer Products
• Electronic Appliances
• Others

A detailed breakup and analysis of the market based on the source have also been provided in the report. This includes industrial, automotive, consumer products, electronic appliances, and others.

Material Insights:

• Manganese
• Iron
• Lithium
• Nickel
• Cobalt
• Lead
• Aluminum
• Others

A detailed breakup and analysis of the market based on the material have also been provided in the report. This includes manganese, iron, lithium, nickel, cobalt, lead, aluminum, and others.

End-Use Insights:

• Reuse
• Repackaging
• Extraction
• Others

The report has provided a detailed breakup and analysis of the market based on the end-use. This includes reuse, repackaging, extraction, and others.

Regional Insights:

• Australia Capital Territory & New South Wales
• Victoria & Tasmania
• Queensland
• Northern Territory & Southern Australia
• Western Australia

The report has also provided a comprehensive analysis of all the major regional markets, which include Australia Capital Territory & New South Wales, Victoria & Tasmania, Queensland, Northern Territory & Southern Australia, and Western Australia.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

Australia Battery Recycling Market News:

• December 2024: Australia-based Iondrive raised AUD 6.1 million to fund its lithium-ion battery recycling pilot plant and commercialization efforts. The company uses a deep eutectic solvent-based technology to recycle batteries more efficiently and sustainably. 
• September 2024: Western Australian start-up Renewable Metals raised an additional AUD 8.1 million in a seed extension, bringing total funding to about AUD 16.1 million, to scale up its innovative alkali‑based lithium‑ion battery recycling technology. Their process recovers nickel, cobalt, lithium, manganese and copper from end‑of‑life batteries, avoids harmful sodium sulfate byproducts, and cuts costs.

Australia Battery Recycling Market Report Coverage:

Key Questions Answered in This Report:

• How has the Australia battery recycling market performed so far and how will it perform in the coming years?
• What is the breakup of the Australia battery recycling market on the basis of type?
• What is the breakup of the Australia battery recycling market on the basis of source?
• What is the breakup of the Australia battery recycling market on the basis of material?
• What is the breakup of the Australia battery recycling market on the basis of end-use?
• What is the breakup of the Australia battery recycling market on the basis of region?
• What are the various stages in the value chain of the Australia battery recycling market? 
• What are the key driving factors and challenges in the Australia battery recycling market?
• What is the structure of the Australia battery recycling market and who are the key players?
• What is the degree of competition in the Australia battery recycling market? 

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Australia battery recycling market from 2019-2033.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the Australia battery recycling market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Australia battery recycling industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.