{"id":86501,"date":"2026-10-02T14:15:00","date_gmt":"2026-10-02T14:15:00","guid":{"rendered":"https:\/\/english.saigonbiz.com\/vn\/?p=86501"},"modified":"2026-10-03T01:36:41","modified_gmt":"2026-10-03T01:36:41","slug":"ev-battery-recycling-market-to-grow-from-usd-0-54-billion-in-2024-to-usd-23-72-billion-by-2035-at-a-cagr-of-40-9-marketsandmarkets","status":"publish","type":"post","link":"https:\/\/english.saigonbiz.com\/vn\/ev-battery-recycling-market-to-grow-from-usd-0-54-billion-in-2024-to-usd-23-72-billion-by-2035-at-a-cagr-of-40-9-marketsandmarkets\/","title":{"rendered":"EV Battery Recycling Market to Grow from USD 0.54 Billion in 2024 to USD 23.72 Billion by 2035, at a CAGR of 40.9% \u2014 MarketsandMarkets&#x2122;"},"content":{"rendered":"<p>Delray Beach, FL , Oct.  02, 2026  (GLOBE NEWSWIRE) &#8212; MarketsandMarkets&#x2122; projects he global <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=fP5aExCT-IYt_LOg-2bFWnwX2VwwvlDZ46fOFXx89ppd4NsdQR_yERvC1qteKWaLqnYYUwdLO1jsAXog6GLp46j24SWqShy5w7dF9GI9a_ppJQf5eUkzZ_-mxYhw9_NJarJ1jTkdEtJVsiOCD8XXoqez8PBlYEBHCxBl2wxebYTqLVRA7sJKE8OSZd8vRSDI0bswoU7NCbFQZQPEtYrJ4g==\" rel=\"nofollow\" target=\"_blank\" title=\"\"><b>EV battery recycling market<\/b><\/a>, by value, is estimated to be USD 0.54 Billion in 2024 and is projected to reach USD 23.72 Billion by 2035, at a CAGR of 40.9% from 2024 to 2035. \u00a0The EV battery recycling\u00a0market is driven by the dual objectives of reducing environmental impact and addressing resource scarcity, particularly for lithium, cobalt, and nickel. Recycled materials are often less expensive than newly mined ones due to lower extraction and transportation costs. From a commercial standpoint, localized and alternate supply chains for EV battery recycled materials are crucial for reducing costs, ensuring sustainability, and mitigating supply chain disruptions. Governments worldwide are implementing stringent regulations to minimize battery waste and encourage circular economies, fueling the recycling industry\u2019s growth. For instance, the Council of the European Union adopted new regulations to improve recycling rates and reduce raw material imports. These regulations place more responsibility on battery manufacturers. They must disclose the carbon footprint of their batteries and meet stricter recycling targets. According to International review on Recycling Ecosystem of Electric Vehicle Batteries, By the end of 2025, manufacturers must recycle at least 65% of a battery\u2019s total weight, increasing to 70% by 2030. Such regulation will boost the growth of EV Battery recycling market.<\/p>\n<p>Get PDF Brochure \u2014 Market Data &amp; Segmentation: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=wVleOaPOFZcLDeLD3RbJCdJz_u4nfm5HtfDxiRDumasYq4I02K9cOOs6l9kDA4G-YJNq6sAL7_rD4I41Z9mW_p7IjXm8dQy3N39-B5sGgYpHsOuImEs5A2l1W62ndWtqP11dAdFwbjCAms_O9uPfH5Cv0J1Ifkly8vZXq_rfospQ0yhCWyrmx1wr7daaqOUhRN4Fb8m8OkTHoVeFCEFc_9sg5IBjGMc-SiCw9GYyFkLV0aEGoRMXgI_Tnvh045Xmkqg0WcLyeN4zP0y90FnZwj3KMdXHza_PCHpyxTI7eNLikec42PKd4q2QpT6wUlCEWcbfwz7tKRR3sy1riq20o0cwAVG-zwbkTI_4kZVvmOQ=\" rel=\"nofollow\" target=\"_blank\" title=\"\">https:\/\/www.marketsandmarkets.com\/pdfdownloadNew.asp?id=187105929<\/a><\/p>\n<p><b>Key Market Highlights<\/b><\/p>\n<ul>\n<li style=\"margin-top:0in; margin-bottom:3pt;\"><b>Market size, 2024: <\/b>USD 0.54 Billion<\/li>\n<li style=\"margin-top:0in; margin-bottom:3pt;\"><b>Market forecast, 2035: <\/b>USD 23.72 Billion<\/li>\n<li style=\"margin-top:0in; margin-bottom:3pt;\"><b>Growth rate: <\/b>CAGR of 40.9% from 2024 to 2035<\/li>\n<li style=\"margin-top:0in; margin-bottom:3pt;\"><b>Largest region, 2024: <\/b>Asia Pacific<\/li>\n<li style=\"margin-top:0in; margin-bottom:0in;\"><b>Leading segment: <\/b>Extraction of lithium will grow at higher CAGR during the forecast period.<\/li>\n<li style=\"margin-top:0in; margin-bottom:3pt;\"><b>Report scope: <\/b>278 market data tables, 81 figures, 283 pages<\/li>\n<li style=\"margin-top:0in; margin-bottom:10pt;\"><b>Key players: <\/b>Contemporary Amperex Technology Co., Limited. (China), GEM Co., Ltd. (China), Umicore (Belgium), Glencore (Switzerland), Fortum (Finland).<\/li>\n<\/ul>\n<p><b>Why This Market Matters<\/b><\/p>\n<p>The rapid adoption of electric vehicles is increasing the volume of batteries that will eventually reach end-of-life, making efficient battery recycling critical for sustainable EV growth and resource security. Recycling enables the recovery of valuable materials such as lithium, nickel, and cobalt while reducing dependence on primary mining and helping strengthen battery supply chains. Stricter regulations, circular economy initiatives, and investments in localized material recovery are further increasing the importance of EV battery recycling across the automotive and energy ecosystem.<\/p>\n<p><b>Market Overview<\/b><\/p>\n<p>The EV battery recycling market is projected to grow from USD 0.54 billion in 2024 to USD 23.72 billion by 2035, registering a CAGR of 40.9% during the forecast period. Passenger cars are expected to remain the dominant vehicle type, while lithium is expected to be a key material extraction segment. LFP batteries are projected to record the highest growth among battery chemistries, supported by their increasing adoption in EVs. Hydrometallurgical recycling holds the largest share among recycling processes due to its ability to recover valuable metals efficiently with comparatively lower environmental impact. Asia Pacific is expected to maintain the largest market share, supported by its strong EV and battery manufacturing ecosystem and expanding recycling infrastructure.<\/p>\n<p><b>Analyst Perspective<\/b><\/p>\n<p>The EV battery recycling industry is shifting from a waste-management activity toward an important component of the battery supply chain and circular economy. As EV volumes increase, recyclers, battery manufacturers, and automakers are focusing on recovering higher-value materials and establishing closed-loop supply chains. Advances in hydrometallurgy, direct recycling, automated battery disassembly, and material sorting are expected to improve recovery efficiency and economics. The growing focus on localized supply chains also creates opportunities for recycling to support more resilient access to critical battery materials.<\/p>\n<p>Speak to Our Analyst \u2014 Get Custom Insights: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=wVleOaPOFZcLDeLD3RbJCdJz_u4nfm5HtfDxiRDumauLddNse6kKeYC1ho2DOuvwvADUAIaKXJV1ex5xoaEBmVwfaY1DlBfxc4ads6gtyQ_UNMwUKIQj0dQRyV0V1skfBmWg7DJDQxyCELqpCZT_6Et0yz2IoyyiONmV2mo6hCr4dNKnMbH3otmIOZY517bGkKfKYT_Qp5frKlaHVzM5cH8HW985nM9_VLC4Vyb_5hSHOUu_YskqTA7WQMvjS_nMw90WvRW1Z8o_OBU4MBlMIi9qM02wL1B5ecMOqh-IbrbSvPMfDCm1nNy5U--d0KvQC0Y1ZuNTfMsx4CXNQzdRsUflE9P98U_q1n8g33wwZM3H2lajQ2RnDj9_G2hg-_XD\" rel=\"nofollow\" target=\"_blank\" title=\"\">https:\/\/www.marketsandmarkets.com\/Enquiry_Before_BuyingNew.asp?id=187105929<\/a><\/p>\n<p><b>Segment Analysis<\/b><\/p>\n<p><b>Lithium is poised to experience a higher CAGR in the EV battery recycling market due to intensified initiatives by recyclers and OEMs to recover this critical material. The rising demand for lithium-ion batteries, driven by the global shift toward EVs, underscores the importance of securing a stable lithium supply. OEMs are increasingly integrating closed-loop systems and collaborating with recyclers to efficiently extract lithium from end-of-life batteries, ensuring resource sustainability while reducing reliance on mining. For instance, In September 2024, BMW of North America partnered with Redwood Materials to recycle lithium-ion batteries from its electric and hybrid vehicles, including BMW, Mini, and Rolls-Royce brands. Dealerships will send old batteries to Redwood&#8217;s facilities in Nevada and South Carolina for processing, where key materials like cathodes and anodes will be recovered with a 95-98% efficiency rate for reuse in new batteries. Such developments towards recycling of EV batteries will boost the market growth in the forecast period.<\/b><\/p>\n<p><b>Regional Analysis<\/b><\/p>\n<p>Asia Pacific holds the largest share of the EV battery recycling market, subject to the region\u2019s dominance in EV manufacturing and battery production. China, Japan, and South Korea are home to leading battery recyclers, such as CATL (China), GEM Co., Ltd. (China), and SungEel HiTech (South Korea). These companies have advanced recycling technologies and substantial investments in circular economy initiatives. China, in particular, benefits from stringent government regulations promoting battery recycling to address environmental concerns and ensure resource security. Additionally, the region\u2019s vast EV fleet generates a steady stream of end-of-life batteries, fueling the demand for recycling.<\/p>\n<p><b>Key Industry Trends<\/b><\/p>\n<p><b>\u00b7Closed-loop battery recycling: Automakers and battery manufacturers are increasingly exploring recycling partnerships and material recovery systems to return recovered lithium, nickel, and other materials to the battery supply chain.<\/b><\/p>\n<p><b>\u00b7Growth of LFP recycling: Rising adoption of LFP batteries is increasing the need for scalable processes capable of recovering lithium, iron, and phosphate from end-of-life batteries.<\/b><\/p>\n<p><b>\u00b7Advanced recycling technologies: Hydrometallurgy and direct recycling are gaining attention alongside automated battery disassembly and advanced material-sorting technologies.<\/b><\/p>\n<p><b>\u00b7Asia Pacific expansion: Strong EV production, battery manufacturing, government support, and established recycling players are reinforcing Asia Pacific&#8217;s position as the largest regional market. <\/b><\/p>\n<p><b>Competitive Landscape<\/b><\/p>\n<p>Top companies in the EV Battery Recycling Market include Contemporary Amperex Technology Co., Limited. (China), GEM Co., Ltd. (China), Umicore (Belgium), Glencore (Switzerland), Fortum (Finland)<\/p>\n<p><b>Related Reports<\/b><\/p>\n<p><b><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=vwfzGlQ-Q3CKVKCf32iD6BtGCYZ7s8qUc0cMi7PlBQFH68HDiUgKkrShvVVhiT76cmFyURVfCKEB3K53RlkCQC5zdTxWwM9lm8kHAgdd3iCm8ajPBTNHTrHB7hNCTzEv822Ol4LV_VzUU7LS8OyCaAbyzvgwZWp3jTYzria52x6zwjP00EgajhuzAQ2V2BVdyvxFfXTxISVanG7umkLdebaUD0Zb4K2ItQ03-5BGHuKS4KHHknJm-soXxS0EmhxJYQcCmH0ZdKpvnjCLZ-i7uDTq_GDngGd4UcditFUiOHOjcyKFSFY7wDRAJTlJx4ar\" rel=\"nofollow\" target=\"_blank\" title=\"EV Battery Testing Market\">EV Battery Testing Market<\/a><\/b><\/p>\n<p><b><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=4CJT1TQrNH7iZynkmI3O4bMMomj80ykoblMW0z2JJQfY8NdLkLIye8vYgLtGJdU0eCbhzOEpbGnkjGv1z2jofXHESKK9H-mtB3rE9x2bUyA3yhc-1mgfxhS0SwflM_iVWvwj1A3t8s_aq_EbqKlTNU0WUadZcZT5OWEjXGxtocigDpyKBcSVa-h3-414fgrZQtXmXmMugcYVt9bGOeGkLv4FND_-fkWSIQko_oDhFfyK7Rh04ggemYZWm6tEzdtAmJXlNtTVQlfvjX1gKAVYGF5-JCHY4wm4IPlC0sbWW7fjsjeNP2sYjxp2VcU8NMQe\" rel=\"nofollow\" target=\"_blank\" title=\"Battery as a Service Market\">Battery as a Service Market<\/a><\/b><\/p>\n<pre>CONTACT: About MarketsandMarkets&#x2122;:\n\nMarketsandMarkets&#x2122; has been recognized as one of America's Best Management Consulting Firms by Forbes, as per their recent report.\n\nMarketsandMarkets&#x2122; is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. With the widest lens on emerging technologies, we are proficient in co-creating supernormal growth for clients across the globe.\n\nToday, 80% of Fortune 2000 companies rely on MarketsandMarkets, and 90 of the top 100 companies in each sector trust us to accelerate their revenue growth. With a global clientele of over 13,000 organizations, we help businesses thrive in a disruptive ecosystem.\n\nThe B2B economy is witnessing the emergence of $25 trillion in new revenue streams that are replacing existing ones within this decade. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines \u2013 TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.\n\nBuilt on the 'GIVE Growth' principle, we collaborate with several Forbes Global 2000 B2B companies to keep them future-ready. Our insights and strategies are powered by industry experts, cutting-edge AI, and our Market Intelligence Cloud, KnowledgeStore&#x2122;, which integrates research and provides ecosystem-wide visibility into revenue shifts.\n\nTo find out more, visit www.MarketsandMarkets&#x2122;.com or follow us on Twitter , LinkedIn and Facebook .\n\nContact:\nMr. Rohan Salgarkar\nMarketsandMarkets&#x2122; INC.\n1615 South Congress Ave.\nSuite 103, Delray Beach, FL 33445\nUSA: +1-888-600-6441\nEmail: sales@marketsandmarkets.com\nVisit Our Website: https:\/\/www.marketsandmarkets.com\/\nReport Code: AT 8945 | Published: Feb 2025 | Report Pages: 283 | Market Data Tables: 278 | Figures: 81<\/pre>\n<p><img alt=\"\" src='https:\/\/ml.globenewswire.com\/media\/YzE5MTg0NmMtOTBjMS00NjUzLWEwZmEtYmUyZjlmN2I2NTE1LTEyMDYwNjctMjAyNi0xMC0wMi1lbg==\/tiny\/MarketsandMarkets-Research-Pvt.png' referrerpolicy='no-referrer-when-downgrade' \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Delray Beach, FL , Oct. 02, 2026 (GLOBE NEWSWIRE) &#8212; MarketsandMarkets&#x2122; projects he global EV battery recycling market, by value, is estimated to be USD 0.54 Billion in 2024 and is projected to reach USD 23.72 Billion by 2035, at a CAGR of 40.9% from 2024 to 2035. \u00a0The EV battery recycling\u00a0market is driven by [&#8230;]\n","protected":false},"author":1,"featured_media":86502,"comment_status":"open","ping_status":"closed","sticky":false,"template":"Default","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"class_list":["post-86501","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-globe-newswire"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.6 (Yoast SEO v21.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>EV Battery Recycling Market to Grow from USD 0.54 Billion in 2024 to USD 23.72 Billion by 2035, at a CAGR of 40.9% \u2014 MarketsandMarkets&#x2122; - Biz and Live in Saigon<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/english.saigonbiz.com\/vn\/ev-battery-recycling-market-to-grow-from-usd-0-54-billion-in-2024-to-usd-23-72-billion-by-2035-at-a-cagr-of-40-9-marketsandmarkets\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EV Battery Recycling Market to Grow from USD 0.54 Billion in 2024 to USD 23.72 Billion by 2035, at a CAGR of 40.9% \u2014 MarketsandMarkets&#x2122;\" \/>\n<meta property=\"og:description\" content=\"Delray Beach, FL , Oct. 02, 2026 (GLOBE NEWSWIRE) &#8212; 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