According to a study from BCC Research, “Battery Recycling: Global Markets” is expected to grow from $12.8 billion in 2025 to $19.8 billion by the end of 2030, at a compound annual growth rate (CAGR) of 9.2 percent during the forecast period of 2025 to 2030.
The report presents a detailed analysis of the battery recycling market, highlighting trends and revenue insights across the segments of chemistry (lead-acid, lithium-ion, nickel, and others), source (automotive, industrial, and consumer electronics), process (hydrometallurgical, pyrometallurgical and direct recycling) and application (battery remanufacturing, metal refining, and others). This segmentation provides a clear understanding of the market dynamics and emerging opportunities in the battery recycling industry.
This report is especially relevant now due to the rapidly evolving battery recycling landscape. Factors driving its importance include shifting dynamics in China’s EV battery manufacturing, accelerating global demand for EVs and the integration of AI across the battery recycling value chain. Additionally, the market is poised for strong growth, supported by favorable government regulations, continuous technological advances aimed at improving recycling efficiency and a surge in waste batteries. These make this report a timely and valuable resource.
The factors driving the market’s growth include:
- Shortage of rare earth elements – Rare earth elements like lithium, cobalt and nickel are limited and hard to mine. Recycling helps recover these valuable materials, reducing dependency on imports and mining.
Rise in electronics and EVs – The growing use of batteries in smartphones, laptops, EVs and data centers increases demand for them. More batteries mean more waste, driving the need for recycling.
- Cheaper lithium-ion batteries – As battery prices fall, they are used more widely. This leads to a higher volume of used batteries, making recycling both necessary and economically viable.
- Emission Rules and EV Boom – Governments are pushing for cleaner energy and stricter emission laws. This boosts EV sales, which in turn increases the need to recycle old EV batteries.
Published December 2025
