Global EV Battery Recycling Market
Global Electric Vehicle (EV) Battery Recycling Market Zooming 7.3X to Touch USD 104 Billion by 2032
Published | 06 February 2026
Global Electric Vehicle (EV) Battery Recycling Market is expanding rapidly due to the rapid adoption of EVs, hi-speed generation of e-waste from the end of life EVs, stringent regulations and initiatives promoting battery recycling, and the imperative for efficient resource recovery from spent batteries.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated Global Electric Vehicle (EV) Battery Recycling Market size by value at USD 14.27 billion in 2025. During the forecast period between 2026 and 2032, BlueWeave expects Global Electric Vehicle (EV) Battery Recycling Market size to boom at a robust CAGR of 32.80% reaching a value of USD 103.95 billion by 2032. The rapid expansion of Global Electric Vehicle (EV) Battery Recycling Market is propelled by heightened environmental awareness and the escalating demand for sustainable battery disposal solutions. This is significantly supported by the nations’ supportive measurements. For instance, the Chinese government’s initiatives, such as Extended Producer Responsibility (EPR), standardization and traceability, material recovery targets, financial incentives, cascade utilization, battery swapping, and increasing support for research and development (R&D) programs. These stringent regulations, support, and subsidies are actively promoting responsible recycling practices and streamlining battery disposal processes. China, as the world’s leading and largest EV market, is compelling battery manufacturers to invest in efficient recycling systems to recover valuable raw materials and mitigate environmental impact. Furthermore, technological advancements in recycling methods, including sophisticated material recovery techniques, are attracting investments and fostering the growth of domestic recycling infrastructure to secure critical minerals and materials from the used batteries. These efforts are further bolstered by collaborations between automotive companies and recycling firms, which are supporting the creation of a closed-loop system for battery usage and reuse. As the EV battery recycling market matures, there is a clear shift toward circular economy models, supported by evolving regulations aimed at strengthening the battery recycling frameworks across the regions and ensuring long-term sustainability.
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Hydrometallurgy Process Leads Global EV Battery Recycling Market
The hydrometallurgy segment accounts for the major market share of Global Electric Vehicle Battery Recycling Market by process. The hydrometallurgy method helps in the selective extraction of high purity materials, including lithium, cobalt, and nickel. The hydrometallurgy segment’s dominance in Global EV Battery Recycling Market is driven by its high efficiency in recovering materials and lower impact on environment than that of the traditional pyrometallurgy process.
Impact of Escalating Geopolitical Tensions on Global Electric Vehicle (EV) Battery Recycling Market
Intensifying geopolitical tensions, particularly between United States and China, could have a multifaceted impact on Global Electric Vehicle (EV) Battery Recycling Market, by potentially disrupting the global supply chain of critical raw materials. Trade restrictions, increased tariffs, or diplomatic conflicts between major economies such as China and the United States could lead to export restrictions and elevated costs, thereby impeding recycling operations. Furthermore, geopolitical instability has the potential to delay the advancements markets in various countries. While such tensions may necessitate an acceleration of domestic sourcing and recycling capabilities, fostering innovations, they would also entail increased initial investment burdens. Overall, these global uncertainties present a complex landscape of both challenges and opportunities for the players in Global Electric Vehicle (EV) Battery Recycling Market.
Competitive Landscape
Global Electric Vehicle (EV) Battery Recycling Market is highly fragmented, with numerous players serving the market. Major companies dominating the market include Cirba Solutions, Ecobat, Fortum, GEM Co., Ltd, Glencore plc, Guangdong Brunp Recycling Technology Co., Ltd (subsidiary of CATL), LG Energy Solution (LGES), Li-Cycle (acquired by Glencore plc), Redwood Materials, and Umicore. The key marketing strategies adopted by the players are facility expansion, product diversification, alliances, collaborations, partnerships, and acquisitions to expand their customer reach and gain a competitive edge over their competitors in Global Electric Vehicle (EV) Battery Recycling Market.
The report's in-depth analysis provides information about growth potential, upcoming trends, and Global Electric Vehicle (EV) Battery Recycling Market statistics. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Global Electric Vehicle (EV) Battery Recycling Market along with industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.
Scope of the Report
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Attributes |
Details |
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Years Considered |
Historical Data – 2019–2025 |
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Base Year – 2025 |
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Estimated Year – 2026 |
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Forecast Period – 2026–2032 |
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Facts Covered |
Revenue in USD Billion |
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Market Coverage |
North America (United States, Canada), Europe (Germany, United Kingdom, Italy, France, Spain, The Netherlands, Belgium, Russia, Rest of Europe), Asia Pacific (China, India, Japan, South Korea, Australia & New Zealand, Malaysia, Singapore, Vietnam, Rest of Asia Pacific), Latin America (Brazil, Mexico, Argentina, Peru, Colombia, Rest of Latin America), Middle East and Africa (Saudi Arabia, UAE, Qatar, Kuwait, South Africa, Nigeria, Egypt, Kenya, Algeria, Turkey, Rest of Middle East and Africa) |
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Product/ Service Segmentation |
Battery Chemistry, Source, Recycling Process, Electric Vehicle (EV) Type, Region |
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Key Players |
Cirba Solutions, Ecobat, Fortum, GEM Co., Ltd, Glencore plc, Guangdong Brunp Recycling Technology Co., Ltd (subsidiary of CATL), LG Energy Solution (LGES), Li-Cycle (acquired by Glencore plc), Redwood Materials, Umicore |
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Publish Date: February 2026
Rapid increasing in e-waste driven by high adoption of electric vehicles (EVs), stringent regulations and governments’ supportive initiatives, and an increasing focus on resource recovery securing rare earth materials are expected to boost the growth of Global Electric Vehicle (EV) Battery Recycling Market during the forecast period between 2026 and 2032.
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