Electric Vehicle Battery Recycling (EV) Market
Global Electric Vehicle Battery Recycling Market reached US$ 1.12 billion in 2024 and is expected to reach US$ 20.33 billion by 2032, growing with a CAGR of 43.67% during the forecast period 2025-2032.
The Electric Vehicles Battery Recycling Market report by DataM Intelligence provides insights into the latest trends and developments in the market. This report identifies the key growth opportunities in the market and provides recommendations for market participants to capitalize on these opportunities. Overall, the Electric Vehicles Battery Recycling market report is an essential resource for market participants who are looking to gain a comprehensive understanding of the market and identify opportunities for growth.
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Electric Vehicle (EV) Battery Recycling refers to the process of collecting, dismantling, and reprocessing used or end-of-life lithium-ion batteries from electric vehicles to recover valuable materials such as lithium, cobalt, nickel, and graphite. This helps reduce environmental impact, lower raw material demand, and support the circular economy in the EV industry.
Competitive Landscape
The section also contains information related to the new product launches, mergers, acquisitions, collaborations, etc., to give a clear understanding about the competitive landscape prevailing in the global market. With an emphasis on strategies there have been several primary developments done by major companies such as
Industry Development
GEM Co., Ltd., Eramet, Li-Cycle Corp, Fortum, Umicore, Redwood Materials Inc., Shenzhen Highpower Technology Co., Ltd., ACE Green Recycling, Inc., Stena Metall AB, ACCUREC-Recycling GmbH.
In December 2024, Glencore partnered with Li-Cycle Holdings Corp., a global leader in lithium-ion battery resource recovery, to explore the technical and economic feasibility of establishing a new Hub facility in Portovesme, Italy. The collaboration includes a concept design and pre-feasibility study.
In September 2024, SK Tes launched a lithium-ion and EV battery recycling plant in the Netherlands, designed to handle up to 10,000 metric tons of battery materials per year.
In July 2024, GEM Co’s subsidiaries Fulan Qingmei Energy Materials Co., Ltd. and Wuhan Power Battery Recycling Technology Co., Ltd. entered into a cooperation agreement with Shenzhen Eigen Equation Graphene Technology Co., Ltd. to jointly develop and commercialize industrial technologies for Graphene Lithium (Manganese) Iron Phosphate materials.
In June 2024, Fortum signed a preliminary agreement and Memorandum of Understanding (MoU) with Marubeni Corporation to collaboratively establish a sustainable lithium-ion battery recycling chain, with a particular focus on graphite recovery.
Market Segments
The detailed segmentation offered in the report will help customers get a clear idea about the market segments and the factors that will drive segmental growth. The Electric Vehicles Battery Recycling market has been segmented
By Battery Type: Lithium Nickel Manganese Cobalt, Lithium Iron Phosphate, Lithium Titanate Oxide, Lithium Manganese Oxide, Lithium Nickel Cobalt Aluminum Oxide
By Vehicle Type: Passenger Cars, Commercial Vehicles, Two-Wheelers, Others
By Process: Hydrometallurgical, Pyrometallurgical, Mechanical, Others
By Application: Electric Vehicles, Energy Storage Systems, Consumer Electronics, Others
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Research Process
Both primary and secondary data sources have been used in the global Electric Vehicles Battery Recycling Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.
Regional Analysis for Electric Vehicles Battery Recycling Market:
⇥ North America (U.S., Canada, Mexico)
⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)
⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)
⇥ South America (Colombia, Brazil, Argentina, Rest of South America)
⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
**The full version of the report includes an in-depth analysis of emerging players and startups, which will provide valuable insights into the evolving market landscape and key strategies being adopted**
This Report Covers:
✔ Go-to-market Strategy.
✔ Neutral perspective on the market performance.
✔Development trends, competitive landscape analysis, supply side analysis, demand side analysis, year-on-year growth, competitive benchmarking, vendor identification, and other significant analysis, as well as development status.
✔Customized regional/country reports as per request and country level analysis.
✔ Potential & niche segments and regions exhibiting promising growth covered.
✔ Analysis of Market Size (historical and forecast), Total Addressable Market (TAM), Serviceable Available Market (SAM), Serviceable Obtainable Market (SOM), Market Growth, Technological Trends, Market Share, Market Dynamics, Competitive Landscape and Major Players (Innovators, Start-ups, Laggard, and Pioneer).
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Chapter Outline
⏩ Market Overview: It contains five chapters, as well as information about the research scope, major manufacturers covered, market segments, Electric Vehicles Battery Recycling market segments, study objectives, and years considered.
⏩ Market Landscape: The competition in the Global Electric Vehicles Battery Recycling Market is evaluated here in terms of value, turnover, revenues, and market share by organization, as well as market rate, competitive landscape, and recent developments, transaction, growth, sale, and market shares of top companies.
⏩ Companies Profiles: The global Electric Vehicles Battery Recycling market’s leading players are studied based on sales, main products, gross profit margin, revenue, price, and growth production.
⏩ Market Outlook by Region: The report goes through gross margin, sales, income, supply, market share, CAGR, and market size by region in this segment. North America, Europe, Asia Pacific, Middle East & Africa, and South America are among the regions and countries studied in depth in this study.
⏩ Market Segments: It contains the deep research study which interprets how different end-user/application/type segments contribute to the Electric Vehicles Battery Recycling Market.
⏩ Market Forecast: Production Side: In this part of the report, the authors have focused on production and production value forecast, key producers forecast, and production and production value forecast by type.
⏩ Research Findings: This section of the report showcases the findings and analysis of the report.
⏩ Conclusion: This portion of the report is the last section of the report where the conclusion of the research study is provided.
Frequently asked questions:
➠ What is the global sales value, production value, consumption value, import and export of Electric Vehicles Battery Recycling market?
➠ Who are the global key manufacturers of the Electric Vehicles Battery Recycling Industry? How is their operating situation (capacity, production, sales, price, cost, gross, and revenue)?
➠ What are the Electric Vehicles Battery Recycling market opportunities and threats faced by the vendors in the global Electric Vehicles Battery Recycling Industry?
➠ Which application/end-user or product type may seek incremental growth prospects? What is the market share of each type and application?
➠ What focused approach and constraints are holding the Electric Vehicles Battery Recycling market?
➠ What are the different sales, marketing, and distribution channels in the global industry?
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