How big is the lithium ion recycling market | Global Analysis & Key Drivers 2025

Code: MTA7831 Publication Date: Aug 2025

How big is the Lithium Ion Recycling Market?

According to 6Wresearch internal database and industry insights, the Lithium Ion Recycling Market was valued at USD 4.1 Billion in 2024 and is expected to reach USD 14.7 Billion by 2031, growing at a compound annual growth rate of 19.90% during the forecast period of 2025 to 2031.

The market is expanding due to the rising volume of end-of-life EV batteries, increasing recovery efficiency for valuable metals, and government regulations promoting circular economy practices.

Key Growth Drivers of the Lithium-Ion Recycling Market

  • Surging EV adoption leading to higher volumes of retired lithium-ion batteries
  • Government mandates for recycling and producer responsibility regulations
  • Advances in hydrometallurgical and direct recycling technologies improving yields
  • Rising economic value of recovered lithium, cobalt, nickel, and manganese
  • Growing corporate ESG commitments and investment in closed-loop supply chains

Lithium-Ion Recycling Market Trends

Lithium-ion recycling market is witnessing trends like increased automation in dismantling and sorting processes, expansion of regional recycling facilities to reduce transportation costs, and stronger partnerships between automakers, battery manufacturers, and recyclers to secure secondary raw materials. In a big shift, the use of low-emission hydrometallurgical processes and cathode to cathode recycling are minimising environmental effects. Moreover, trace ability systems and material tracing with block chains are on the rise so as to achieve compliance to responsible sourcing.

Emerging Developments in the Lithium-Ion Recycling Market

Lithium-ion recycling market is experiencing developments such as commercialization of large-scale black-mass processing plants, integration of second-life applications before recycling, and innovations to recover high-purity lithium suitable for battery-grade use. Business organizations are up-scaling on hybrid recycling technology involving a combination of mechanical, pyrometallurgical and hydrometallurgical processes that are much more efficient. Urban mining plants are being built like in Europe and North America to localize material recovery especially since it feels better to not be dependent on imports.

List of Leading Companies in the Lithium-ion Recycling Market

Below is a comprehensive list of the leading market players driving growth in this sector:

1. Li-Cycle Holdings Corp.

Company NameLi-Cycle Holdings Corp.
Established Year2016
HeadquartersToronto, Ontario, Canada
Official WebsiteClick Here

Li-Cycle recovers lithium, cobalt, and nickel from end-of-life batteries through its patented hydrometallurgical process, supporting a circular economy in electric mobility and energy storage industries.

2. Umicore N.V.

Company NameUmicore N.V.
Established Year1805
HeadquartersBrussels, Belgium
Official WebsiteClick Here

Umicore specializes in battery recycling using advanced metallurgical processes to recover valuable metals, supplying raw materials for new batteries while reducing environmental impact.

3. American Battery Technology Company

Company NameAmerican Battery Technology Company
Established Year2011
HeadquartersReno, Nevada, USA
Official WebsiteClick Here

ABTC focuses on closed-loop battery recycling to extract lithium, nickel, and cobalt, supplying sustainable feedstock for electric vehicle batteries and renewable energy storage applications.

4. Retriev Technologies Inc.

Company NameRetriev Technologies Inc.
Established Year1993
HeadquartersLancaster, Ohio, USA
Official WebsiteClick Here

Retriev Technologies offers complete lithium-ion battery recycling solutions, recovering high-value materials for reuse in battery manufacturing, consumer electronics, and electric transportation markets.

5. Battery Solutions LLC

Company NameBattery Solutions LLC
Established Year1992
HeadquartersWixom, Michigan, USA
Official WebsiteClick Here

Battery Solutions provides lithium-ion battery collection, sorting, and recycling services, focusing on material recovery for sustainable manufacturing and circular economy initiatives.

6. Neometals Ltd.

Company NameNeometals Ltd.
Established Year2001
HeadquartersWest Perth, Australia
Official WebsiteClick Here

Neometals develops lithium-ion battery recycling plants using innovative hydrometallurgical processes to recover high-purity lithium, cobalt, and nickel for reuse in electric mobility and energy storage.

7. Fortum Oyj

Company NameFortum Oyj
Established Year1998
HeadquartersEspoo, Finland
Official WebsiteClick Here

Fortum operates battery recycling facilities in Europe, recovering up to 95% of valuable metals from lithium-ion batteries to supply sustainable raw materials for manufacturers.

8. GEM Co., Ltd.

Company NameGEM Co., Ltd.
Established Year2001
HeadquartersShenzhen, Guangdong, China
Official WebsiteClick Here

GEM engages in large-scale recycling of lithium-ion batteries, extracting lithium, cobalt, and nickel for reintroduction into the electric vehicle and energy storage manufacturing supply chain.

9. Duesenfeld GmbH

Company NameDuesenfeld GmbH
Established Year2012
HeadquartersWendeburg, Germany
Official WebsiteClick Here

Duesenfeld uses low-emission mechanical and hydrometallurgical recycling processes to recover metals from lithium-ion batteries, focusing on sustainability and resource efficiency in the EV battery market.

10. TES-AMM (TES Sustainable Technology Solutions)

Company NameTES-AMM (TES Sustainable Technology Solutions)
Established Year2005
HeadquartersSingapore
Official WebsiteClick Here

TES-AMM recycles lithium-ion batteries from electric vehicles, consumer electronics, and industrial applications, recovering metals for reuse while meeting global environmental compliance standards.

How big is the lithium ion recycling market : FAQs

It was valued at USD 4.1 Billion in 2024 and is projected to reach USD 14.7 Billion by 2031.
The lithium ion recycling market is expected to grow at a CAGR of 19.90% from 2025 to 2031.
EV battery retirements, regulations, recovery technology advancements, and value of critical metal retrieval.
Hydrometallurgical, pyrometallurgical, and direct recycling, with a growing focus on cathode-to-cathode recovery.
6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.
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