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The global electric vehicle battery recycling market was valued at US$ 2.3 Billion in 2022.
We expect the global electric vehicle battery recycling market to exhibit a CAGR of 27.6% during 2023-
The growing application of electric vehicle battery recycling to recover metals, minerals, chemicals, and
chemical powders for reducing the dependence on natural raw materials, is primarily driving the global
electric vehicle battery recycling market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown
regulations across several nations, resulting in the temporary closure of numerous manufacturing units
for electric vehicles, thereby limiting the demand for electric vehicle battery recycling.
Based on the type, the global electric vehicle battery recycling market has been segmented into lithium-
ion, lead-acid, and others. Currently, lithium-ion holds the majority of the total market share.
Based on the process, the global electric vehicle battery recycling market can be divided into
hydrometallurgical, pyro-metallurgical, and others. Among these, hydrometallurgical process currently
exhibits a clear dominance in the market.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin
America, and Middle East and Africa, where Asia-Pacific currently dominates the global market.
Some of the major players in the global electric vehicle battery recycling market include ACCUREC-
Recycling GmbH, American Manganese Inc., Battery Solutions, G & P Batteries Limited, Li-Cycle Corp.,
Retriev Technologies, SITRASA, SNAM Groupe (Floridienne), TES-Amm, and Umicore N.V.
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