EVバッテリーリサイクル市場 – 2035年までの世界予測

EV Battery Recycling Market - Global Forecast to 2035

EVバッテリーリサイクル市場 - 材料抽出 (リチウム、ニッケル、コバルト、マンガン、鉄、コバルト、グラファイト、スチール、アルミニウム)、バッテリー化学 (LFP、NMC、NCA)、車両タイプ、リサイクル プロセスと地域別 - 2035年までの世界予測
EV Battery Recycling Market by Material Extraction (Lithium, Nickel, Cobalt, Manganese, Iron, Cobalt, Graphite, Steel, Aluminium), Battery chemistry (LFP, NMC, NCA), Vehicle Type, Recycling process & Region - Global Forecast to 2035

商品番号 : SMB-73412

出版社MarketsandMarkets
出版年月2025年2月
ページ数284
図表数359
価格タイプシングルユーザライセンス
価格USD 4,950
種別英文調査報告書

Report Overview

The 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.

世界のEVバッテリーリサイクル市場は金額ベースで2024年に5億4000万米ドルと推定され、2024年から2035年にかけて40.9%のCAGRで成長し、2035年までに237億2000万米ドルに達すると予測されています。

companies in the market are leveraging innovative technologies such as hydrometallurgy and direct recycling to extract materials efficiently, ensuring the recycled materials meet the quality standards for reuse in new batteries. Further, The market’s growth is also supported by strategic collaborations among automotive manufacturers, battery producers, and recycling firms. In January 2024, Iveco Group (Italy) announced the selection of BASF (Germany), as its first partner to provide a recycling solution for the lithium-ion batteries of Iveco’s EVs. Similarly, many automakers are investing in closed-loop recycling systems, ensuring a steady supply of critical raw materials for new battery production. In October 2024, Mercedes-Benz (Germany) opened Europe’s first battery recycling plant with an integrated mechanical-hydrometallurgical process, making it the first car manufacturer worldwide to close the battery recycling loop with its in-house facility.

市場の企業は、湿式冶金や直接リサイクルなどの革新的な技術を活用して材料を効率的に抽出し、リサイクルされた材料が新しいバッテリーで再利用できる品質基準を確実に満たすようにしています。さらに、この市場の成長は、自動車メーカー、バッテリーメーカー、リサイクル会社間の戦略的提携によっても支えられています。 2024 年 1 月、Iveco Group (イタリア) は、Iveco の EV のリチウムイオン電池のリサイクルソリューションを提供する最初のパートナーとして BASF (ドイツ) を選択したと発表しました。同様に、多くの自動車メーカーは、新しいバッテリー生産に重要な原材料の安定供給を確保するために、クローズドループリサイクルシステムに投資しています。 2024 年 10 月、メルセデス・ベンツ (ドイツ) は、機械と湿式冶金を統合したプロセスを備えたヨーロッパ初のバッテリーリサイクルプラントを開設し、自社施設でバッテリーのリサイクルループを閉じた世界初の自動車メーカーとなりました。

EVバッテリーリサイクル市場 - 2035年までの世界予測
electric-vehicles-battery-recycling-market1

“NMC battery segments hold the prominent market share in the forecast period.”

The increasing use of Nickel Manganese Cobalt (NMC) batteries in electric vehicles has a significant impact on the EV battery recycling market. Recycling of Nickel Manganese Cobalt batteries in electric vehicles involves the extraction of valuable metals, such as nickel, cobalt, and manganese, which can be reused in new batteries. To enhance the recycling process, recyclers are adopting advanced techniques such as hydrometallurgical and pyrometallurgical methods, which separate these metals from the battery components efficiently. Some companies are also developing closed-loop recycling systems, where the extracted materials are directly returned to the production of new batteries, minimizing waste and reducing the need for virgin raw materials. The percentage of NMC battery material that can be extracted through recycling processes typically falls within the range of 80-95% for the combined metals (nickel, manganese, cobalt, and lithium), depending on the specific recycling method and the quality of the spent battery materials used. For instance, in April 2024, Toyota Motor North America announced that it has entered a Cooperative Research and Development Agreement (CRADA) with the U.S. Department of Energy’s Argonne National Laboratory to investigate the development of a direct recycling process for lithium-ion batteries, which are prevalent in new electric vehicles. The focus of the research will be on cathode chemistries made of nickel, manganese, and cobalt. Further, Recyclers are also focusing on improving the overall efficiency of the process to reduce environmental impact and increase the economic viability of NMC battery recycling, as demand for these materials continues to grow with the rise in EV adoption.

“By Material Extraction, Copper hold the significant market share in EV Battery recycling market.”

Copper hold the significant market share in material extraction of EV Battery recycliong market. Recycling copper from EV batteries is critical in resource conservation and reducing environmental impact. Copper is extensively used in EV battery packs, accounting for approximately 20–30 kilograms per vehicle, depending on the model and battery capacity. Recycling efforts focus on recovering high-purity copper through hydrometallurgy, pyrometallurgy, or direct dismantling and separation techniques. Modern recycling facilities can achieve recovery rates of over 95%, ensuring minimal wastage. The recycled copper can be reintroduced into manufacturing, supporting the circular economy and reducing reliance on mining, which is energy-intensive and environmentally harmful. The demand for copper recycling will grow exponentially, potentially reclaiming millions of metric tons of copper and mitigating supply chain pressures and carbon emissions associated with raw material extraction.

“Germany hold the prominent market share in European EV battery recycling market.”

Germany holds a prominent market share in the European EV battery recycling market, driven by its robust automotive industry and strong presence of OEMs like Volkswagen, BMW, and Mercedes-Benz. These manufacturers are actively investing in sustainable practices, including battery recycling, to align with stringent EU regulations on waste management and carbon neutrality. For instance, in October 2024, Mercedes-Benz Group AG has opened a battery recycling plant with an integrated mechanical hydrometallurgical process in Kuppenheim, Germany. Further, advanced infrastructure, government incentives for circular economy initiatives, and partnerships with leading recycling companies further bolster its position. The country’s focus on innovation and R&D in battery technologies and recycling processes solidifies its leadership in the European market.

EVバッテリーリサイクル市場 - 2035年までの世界予測 region
electric-vehicles-battery-recycling-market-region

In-depth interviews were conducted with CEOs, marketing directors, other innovation and technology directors, and executives from various key organizations operating in this market.

  • By Company Type: Tier I – 39%, Tier II – 39%, and OEMs – 22%
  • By Designation: C Level Executives – 45%, Directors – 35%, and Others – 20%
  • By Region: Asia Pacific-52%, Europe-20%, North America-28%

The EV battery recycling market is dominated by major players such as Contemporary Amperex Technology Co., Limited. (China), GEM Co., Ltd. (China), Umicore (Belgium), Glencore (Switzerland), Fortum (Finland).

EVバッテリーリサイクル市場 - 2035年までの世界予測 ecosystem
electric-vehicles-battery-recycling-market-ecosystem

Research Coverage:

The Market Study Covers the EV battery recycling market by Material Extraction (Lithium, Nickel, Cobalt, Manganese, Iron, Cobalt, Graphite, Steel, Aluminium), Battery chemistry (LFP, NMC, NCA), Vehicle Type (PC, CV, 2-Wheeler), Recycling process (Hydrometallurgical, Pyrometallurgy, & Direct recycling) & Region (Asia Pacific, Europe, and North America). It also covers the competitive landscape and company profiles of the major EV battery recycling market ecosystem players.

Key Benefits of the Report

The study also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.

The report will help the market leaders/new entrants with information on the closest approximations of the revenue numbers for the overall EV battery recycling market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, challenges, and opportunities.

The report provides insights on the following pointers:

  • Analysis of key drivers (Creation of stable supply chains for EV battery materials, Rising government initiative related to lithium-ion battery recycling, Rising demand for recycled products and materials), restraints (Limited Collection and Recycling Infrastructure), opportunities (Creation of Uniform Recycling Procedures, Advancements in Artificial Intelligence in Battery Recycling), and challenges (Complexity of battery chemistries).
  • Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, in the EV battery recycling market.
  • Market Development: Comprehensive information about lucrative markets – the report analyses the EV battery recycling market across varied regions.
  • Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the EV battery recycling market.

Competitive Assessment: In-depth assessment of market shares, growth strategies and service offerings of leading players like Contemporary Amperex Technology Co., Limited. (China), GEM Co., Ltd. (China), Umicore (Belgium), Glencore (Switzerland), Fortum (Finland) and among others in the EV battery recycling market Page 25 of 34 strategies. The report also helps stakeholders understand the pulse of the adjacent reports such EV Battery Market, EV market and provides them with information on key market drivers, restraints, challenges, and opportunities.

Table of Contents

1               INTRODUCTION              26

1.1           STUDY OBJECTIVES       26

1.2           MARKET DEFINITION   27

1.3           STUDY SCOPE   28

1.3.1        MARKETS COVERED AND REGIONAL SCOPE      28

1.3.2        INCLUSIONS AND EXCLUSIONS 29

1.3.3        YEARS CONSIDERED      29

1.4           CURRENCY CONSIDERED            29

1.5           UNIT CONSIDERED        30

1.6           STAKEHOLDERS               30

2               RESEARCH METHODOLOGY       31

2.1           RESEARCH DATA              31

2.1.1        SECONDARY DATA          32

2.1.1.1    Secondary sources                33

2.1.1.2    Key data from secondary sources       34

2.1.2        PRIMARY DATA 34

2.1.2.1    Primary interviews: demand and supply sides 35

2.1.2.2    Breakdown of primary interviews      35

2.1.2.3    Primary participants             35

2.1.2.4    Objectives of primary research           36

2.2           MARKET SIZE ESTIMATION         36

2.2.1        BOTTOM-UP APPROACH              38

2.2.2        TOP-DOWN APPROACH                39

2.3           DATA TRIANGULATION                40

2.4           FACTOR ANALYSIS          41

2.5           RESEARCH ASSUMPTIONS           42

2.6           RESEARCH LIMITATIONS             43

2.7           RISK ASSESSMENT           44

3               EXECUTIVE SUMMARY  45

4               PREMIUM INSIGHTS       49

4.1           ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN EV BATTERY RECYCLING MARKET 49

4.2           EV BATTERY RECYCLING MARKET, BY MATERIAL EXTRACTED       50

4.3           EV BATTERY RECYCLING MARKET, BY BATTERY CHEMISTRY        50

4.4           EV BATTERY RECYCLING MARKET, BY VEHICLE TYPE                 51

4.5           EV BATTERY RECYCLING MARKET, BY REGION 51

5               MARKET OVERVIEW       52

5.1           INTRODUCTION              52

5.2           MARKET DYNAMICS       53

5.2.1        DRIVERS               54

5.2.1.1    Creation of stable supply chains for EV battery materials                 54

5.2.1.2    Stringent government initiatives for lithium-ion battery recycling                 54

5.2.1.3    Surge in demand for recycled products and materials    55

5.2.2        RESTRAINTS      56

5.2.2.1    Limited collection and recycling infrastructure                56

5.2.3        OPPORTUNITIES              56

5.2.3.1    Advent of uniform recycling procedures           56

5.2.3.2    Advancements in AI in battery recycling          57

5.2.4        CHALLENGES    58

5.2.4.1    Complexity of battery chemistries     58

5.3           TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS            60

5.4           PRICING ANALYSIS          61

5.4.1        AVERAGE SELLING PRICE, BY MATERIAL EXTRACTED, 2024        62

5.4.2        AVERAGE SELLING PRICE, BY REGION, 2024         63

5.5           SUPPLY CHAIN ANALYSIS             64

5.6           ECOSYSTEM ANALYSIS  65

5.7           CASE STUDY ANALYSIS 67

5.7.1        ANGUIL DESIGNS MODEL 300 REGENERATIVE THERMAL OXIDIZER TO CURB EMISSIONS          67

5.7.2        BMW PARTNERS WITH REDWOOD MATERIALS TO RECYCLE LI-ION BATTERIES FOR CIRCULAR ECONOMY                 67

5.7.3        H1PERBAT PROJECT FOSTERS INNOVATION IN BATTERY TECHNOLOGIES TO MEET DEMAND FOR FUTURE ELECTRIC VEHICLES      68

5.8           IMPACT OF AI ON EV BATTERY RECYCLING MARKET                 69

5.9           MNM INSIGHTS ON EV BATTERY MANUFACTURING                 70

5.10         MNM INSIGHTS ON SUPPLY AND DEMAND FOR EV BATTERY MATERIALS    72

5.11         MNM INSIGHTS ON MINING OF EV BATTERY MATERIALS        74

5.12         MNM INSIGHTS ON SECOND-LIFE BATTERIES   76

5.12.1      REPURPOSING  77

5.12.2      REFURBISHMENT            79

5.13         INVESTMENT AND FUNDING SCENARIO               80

5.14         PATENT ANALYSIS          81

5.15         TECHNOLOGY ANALYSIS             84

5.15.1      KEY TECHNOLOGIES     84

5.15.1.1  Pyrometallurgy     84

5.15.1.2  Hydrometallurgy  84

5.15.1.3  Physical/Mechanical recycling           84

5.15.2      COMPLEMENTARY TECHNOLOGIES       84

5.15.2.1  Digital twin and simulation 84

5.15.3      ADJACENT TECHNOLOGIES       85

5.15.3.1  Pyrolysis 85

5.15.3.2  Mechanical thermodynamic recycling               85

5.16         REGULATORY LANDSCAPE         85

5.17         KEY CONFERENCES AND EVENTS, 2025–2026        87

5.18         TRADE ANALYSIS             88

5.19         KEY STAKEHOLDERS AND BUYING CRITERIA     90

5.19.1      KEY STAKEHOLDERS IN BUYING PROCESS           90

5.19.2      BUYING CRITERIA           91

6               EV BATTERY RECYCLING MARKET, BY RECYCLING PROCESS              92

6.1           INTRODUCTION              92

6.2           HYDROMETALLURGY    95

6.3           PYROMETALLURGY        96

6.4           DIRECT RECYCLING       96

6.5           PRIMARY INSIGHTS        97

7               EV BATTERY RECYCLING MARKET, BY BATTERY CHEMISTRY        98

7.1           INTRODUCTION              99

7.2           LITHIUM IRON PHOSPHATE (LFP)           100

7.2.1        GROWING DEMAND FOR ELECTRIC MOBILITY TO DRIVE MARKET 100

7.3           NICKEL MANGANESE COBALT (NMC)    101

7.3.1        RISING ADOPTION OF ADVANCED RECYCLING PROCESSES TO DRIVE MARKET 101

7.4           NICKEL COBALT ALUMINUM (NCA)        102

7.4.1        INCREASING EMPHASIS ON SUSTAINABILITY OF EV MANUFACTURING TO DRIVE MARKET  102

7.5           PRIMARY INSIGHTS        103

8               EV BATTERY RECYCLING MARKET, BY VEHICLE TYPE                 104

8.1           INTRODUCTION              105

8.2           PASSENGER CAR               106

8.2.1        CONSUMER PREFERENCE FOR SUSTAINABLE TRANSPORTATION SOLUTIONS TO DRIVE MARKET       106

8.3           PICK-UP TRUCK                108

8.3.1        GOVERNMENT REGULATIONS FOR END-OF-LIFE BATTERY MANAGEMENT TO DRIVE MARKET     108

8.4           TRUCK  109

8.4.1        DEGRADATION OF BATTERIES DUE TO LONG-DISTANCE TRAVEL TO DRIVE MARKET 109

8.5           VAN       110

8.5.1        PUSH FOR CIRCULAR ECONOMY PRACTICES TO DRIVE MARKET               110

8.6           BUS        111

8.6.1        NEED FOR BATTERY RECYCLING DUE TO HIGHER USAGE TO DRIVE MARKET          111

8.7           TWO-WHEELER                 112

8.7.1        RAPID ADOPTION OF ELECTRIC SCOOTERS AND MOTORCYCLES TO DRIVE MARKET        112

8.8           PRIMARY INSIGHTS        113

9               EV BATTERY RECYCLING MARKET, BY MATERIAL EXTRACTED       114

9.1           INTRODUCTION              115

9.2           LITHIUM              118

9.2.1        SURGE IN PRODUCTION OF ELECTRIC VEHICLES TO DRIVE MARKET 118

9.3           NICKEL 120

9.3.1        ELEVATED DEMAND FOR SUSTAINABLE RESOURCE MANAGEMENT SOLUTIONS TO DRIVE MARKET                120

9.4           COBALT               121

9.4.1        ETHICAL CONCERNS OVER MINING PRACTICES TO DRIVE MARKET 121

9.5           MANGANESE     123

9.5.1        EXPANDING DEMAND FOR BATTERY-GRADE MATERIALS TO DRIVE MARKET                 123

9.6           GRAPHITE           124

9.6.1        FOCUS ON REDUCING DEPENDENCY ON MINED RESOURCES TO DRIVE MARKET                124

9.7           ALUMINUM        126

9.7.1        DECREASING STRAIN ON NATURAL BAUXITE RESERVES TO DRIVE MARKET         126

9.8           COPPER                127

9.8.1        LESS ENERGY CONSUMPTION BY MODERN RECYCLING FACILITIES TO DRIVE MARKET 127

9.9           IRON     129

9.9.1        NEED TO REDUCE ENVIRONMENTAL IMPACT OF BATTERY PRODUCTION AND DISPOSAL TO DRIVE MARKET                 129

9.10         STEEL   130

9.10.1      EMPHASIS ON CONSERVATION OF NATURAL RESOURCES TO DRIVE MARKET                130

9.11         PRIMARY INSIGHTS        132

10            EV BATTERY RECYCLING MARKET, BY REGION 133

10.1         INTRODUCTION              134

10.2         ASIA PACIFIC     136

10.2.1      MACROECONOMIC OUTLOOK  136

10.2.2      CHINA  143

10.2.2.1  Circular economy goals to drive market            143

10.2.3      JAPAN   146

10.2.3.1  Government policies promoting battery recycling to drive market                 146

10.2.4      SOUTH KOREA  148

10.2.4.1  Investments in advanced recycling technologies to drive market                 148

10.2.5      INDIA    152

10.2.5.1  Government initiatives toward cleaner energy to drive market                 152

10.3         EUROPE               155

10.3.1      MACROECONOMIC OUTLOOK  155

10.3.2      FRANCE                161

10.3.2.1  Expansion of consumer electronics and automotive industries to drive market          161

10.3.3      GERMANY           164

10.3.3.1  Significant presence of OEMs to drive market                 164

10.3.4      UK          167

10.3.4.1  Launch of new recycling facilities to drive market          167

10.3.5      ITALY    170

10.3.5.1  Compliance with EU regulations to drive market            170

10.3.6      SPAIN    173

10.3.6.1  Strategic investments in recycling infrastructure to drive market                 173

10.3.7      DENMARK           175

10.3.7.1  Commitment to achieving carbon neutrality to drive market                 175

10.4         NORTH AMERICA             179

10.5         MACROECONOMIC OUTLOOK  179

10.5.1      US           185

10.5.1.1  Government regulations for EV battery recycling to drive market                 185

10.5.2      CANADA               188

10.5.2.1  Implementation of Canadian Environmental Protection Act to drive market          188

11            COMPETITIVE LANDSCAPE         191

11.1         INTRODUCTION              191

11.2         KEY PLAYER STRATEGIES/RIGHT TO WIN, 2021–2024                 191

11.3         MARKET SHARE ANALYSIS, 2023                 192

11.4         REVENUE ANALYSIS, 2019–2023  195

11.5         COMPANY EVALUATION MATRIX: KEY PLAYERS, 2024                 195

11.5.1      STARS   195

11.5.2      EMERGING LEADERS     195

11.5.3      PERVASIVE PLAYERS      196

11.5.4      PARTICIPANTS 196

11.5.5      COMPANY FOOTPRINT 197

11.5.5.1  Company footprint               197

11.5.5.2  Battery chemistry footprint 198

11.5.5.3  Recycling process footprint 199

11.5.5.4  Region footprint   200

11.6         COMPANY EVALUATION MATRIX: START-UPS/SMES, 2024        201

11.6.1      PROGRESSIVE COMPANIES         201

11.6.2      RESPONSIVE COMPANIES            201

11.6.3      DYNAMIC COMPANIES  201

11.6.4      STARTING BLOCKS         201

11.6.5      COMPETITIVE BENCHMARKING               203

11.6.5.1  List of start-ups/SMEs        203

11.6.5.2  Competitive benchmarking of start-ups/SMEs               203

11.7         COMPANY VALUATION AND FINANCIAL METRICS                 204

11.8         BRAND/PRODUCT COMPARISON             205

11.9         COMPETITIVE SCENARIO             206

11.9.1      DEALS  206

11.9.2      EXPANSIONS     207

11.9.3      OTHERS                209

12            COMPANY PROFILES      210

12.1         KEY PLAYERS     210

12.1.1      UMICORE            210

12.1.1.1  Business overview 210

12.1.1.2  Products offered   212

12.1.1.3  Recent developments           212

12.1.1.3.1                Deals      212

12.1.1.4  MnM view              213

12.1.1.4.1                Key strengths        213

12.1.1.4.2                Strategic choices   213

12.1.1.4.3                Weaknesses and competitive threats 213

12.1.2      GEM CO., LTD.  214

12.1.2.1  Business overview 214

12.1.2.2  Products offered   216

12.1.2.3  Recent developments           216

12.1.2.3.1                Deals      216

12.1.2.4  MnM view              217

12.1.2.4.1                Right to win           217

12.1.2.4.2                Strategic choices   217

12.1.2.4.3                Weaknesses and competitive threats 217

12.1.3      GLENCORE         218

12.1.3.1  Business overview 218

12.1.3.2  Products offered   219

12.1.3.3  Recent developments           220

12.1.3.3.1                Deals      220

12.1.3.4  MnM view              221

12.1.3.4.1                Right to win           221

12.1.3.4.2                Strategic choices   221

12.1.3.4.3                Weaknesses and competitive threats 221

12.1.4      CONTEMPORARY AMPEREX TECHNOLOGY CO., LIMITED              222

12.1.4.1  Business overview 222

12.1.4.2  Products offered   223

12.1.4.3  Recent developments           224

12.1.4.3.1                Deals      224

12.1.4.3.2                Expansions             225

12.1.4.3.3                Others    226

12.1.4.4  MnM view              226

12.1.4.4.1                Right to win           226

12.1.4.4.2                Strategic choices   226

12.1.4.4.3                Weaknesses and competitive threats 226

12.1.5      FORTUM              227

12.1.5.1  Business overview 227

12.1.5.2  Products offered   228

12.1.5.3  Recent developments           229

12.1.5.3.1                Deals      229

12.1.5.3.2                Expansions             229

12.1.5.4  MnM view              231

12.1.5.4.1                Right to win           231

12.1.5.4.2                Strategic choices   231

12.1.5.4.3                Weaknesses and competitive threats 231

12.1.6      CIRBA SOLUTIONS          232

12.1.6.1  Business overview 232

12.1.6.2  Products offered   232

12.1.6.3  Recent developments           233

12.1.6.3.1                Deals      233

12.1.7      RECYCLICO BATTERY MATERIALS INC. 235

12.1.7.1  Business overview 235

12.1.7.2  Products offered   235

12.1.7.3  Recent developments           236

12.1.7.3.1                Deals      236

12.1.7.3.2                Expansions             237

12.1.8      LI-CYCLE CORP.                238

12.1.8.1  Business overview 238

12.1.8.2  Products offered   239

12.1.8.3  Recent developments           240

12.1.8.3.1                Deals      240

12.1.8.3.2                Expansions             241

12.1.9      ECOBAT               242

12.1.9.1  Business overview 242

12.1.9.2  Products offered   242

12.1.9.3  Recent developments           243

12.1.9.3.1                Deals      243

12.1.9.3.2                Expansions             244

12.1.10   ERAMET               245

12.1.10.1                 Business overview 245

12.1.10.2                 Products offered   246

12.1.10.3                 Recent developments           246

12.1.10.3.1             Expansions             246

12.1.11   NEOMETALS LTD.           247

12.1.11.1                 Business overview 247

12.1.11.2                 Products offered   247

12.1.11.3                 Recent developments           248

12.1.11.3.1             Deals      248

12.1.11.3.2             Others    248

12.1.12   ACCUREC-RECYCLING GMBH    249

12.1.12.1                 Business overview 249

12.1.12.2                 Products offered   249

12.1.12.3                 Recent developments           250

12.1.12.3.1             Expansions             250

12.1.13   SK TES  251

12.1.13.1                 Business overview 251

12.1.13.2                 Products offered   251

12.1.13.3                 Recent developments           252

12.1.13.3.1             Deals      252

12.1.13.3.2             Expansions             252

12.1.14   STENA RECYCLING         253

12.1.14.1                 Business overview 253

12.1.14.2                 Products offered   253

12.1.14.3                 Recent developments           254

12.1.14.3.1             Deals      254

12.1.14.3.2             Expansions             255

12.1.15   REDWOOD MATERIALS INC.       256

12.1.15.1                 Business overview 256

12.1.15.2                 Products offered   256

12.1.15.3                 Recent developments           257

12.1.15.3.1             Deals      257

12.1.15.3.2             Others    258

12.1.16   ASCEND ELEMENTS, INC.             259

12.1.16.1                 Business overview 259

12.1.16.2                 Products offered   259

12.1.16.3                 Recent developments           260

12.1.16.3.1             Deals      260

12.1.16.3.2             Expansions             261

12.1.17   ACE GREEN RECYCLING                262

12.1.17.1                 Business overview 262

12.1.17.2                 Products offered   262

12.1.17.3                 Recent developments           263

12.1.17.3.1             Deals      263

12.1.18   PRIMOBIUS GMBH           264

12.1.18.1                 Business overview 264

12.1.18.2                 Products offered   264

12.1.18.3                 Recent developments           265

12.1.18.3.1             Deals      265

12.1.19   SHENZHEN HIGHPOWER TECHNOLOGY CO., LTD.                 266

12.1.19.1                 Business overview 266

12.1.19.2                 Products offered   267

12.2         OTHER PLAYERS              268

12.2.1      ENVIROSTREAM AUSTRALIA PTY LTD.  268

12.2.2      DUESENFELD GMBH      268

12.2.3      LITHION RECYCLING INC.           269

12.2.4      BATREC INDUSTRIE       270

12.2.5      SITRASA               270

12.2.6      TATA CHEMICALS LIMITED        271

12.2.7      EXIGO RECYCLING PVT. LTD.    271

12.2.8      ZIPTRAX               272

12.2.9      BATX ENERGIES                272

12.2.10   AUSTRALIAN BATTERY RECYCLING INITIATIVE                 273

12.2.11   ATTERO RECYCLING PVT. LTD 273

12.2.12   TRISHULAVEL ESHAN PVT. LTD. (LI-CIRCLE)     274

13            RECOMMENDATIONS BY MARKETSANDMARKETS                 275

13.1         ASIA PACIFIC TO BE PROMINENT MARKET FOR EV BATTERY RECYCLING    275

13.2         ADVANCEMENTS IN EV BATTERY RECYCLING PROCESSES         275

13.3         GOVERNMENT INITIATIVES FOR BATTERY RECYCLING                 275

13.4         CONCLUSION    276

14            APPENDIX           277

14.1         KEY INSIGHTS FROM INDUSTRY EXPERTS            277

14.2         DISCUSSION GUIDE        278

14.3         KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL                280

14.4         CUSTOMIZATIONS OPTIONS     282

14.4.1      ADDITIONAL COMPANY PROFILES (UP TO FIVE)                 282

14.4.2      EV BATTERY RECYCLING MARKET, BY MATERIAL, AT COUNTRY LEVEL             282

14.4.3      EV BATTERY RECYCLING MARKET, BY BATTERY CHEMISTRY,

AT COUNTRY LEVEL      282

14.5         RELATED REPORTS         282

14.6         AUTHOR DETAILS           283

LIST OF TABLES

TABLE 1                MARKET DEFINITION, BY VEHICLE TYPE                 27

TABLE 2                MARKET DEFINITION, BY BATTERY CHEMISTRY                 28

TABLE 3                INCLUSIONS AND EXCLUSIONS 29

TABLE 4                CURRENCY EXCHANGE RATES  30

TABLE 5                MINIMUM MATERIAL RECOVERY EFFICIENCY BY MATERIAL IN EU BATTERY REGULATION      55

TABLE 6                MINIMUM QUOTA OF RECYCLED CONTENT BY MATERIAL IN EU BATTERY REGULATION             55

TABLE 7                COMPANIES INVOLVED IN LITHIUM-ION BATTERY RECYCLING AND VOLUME PROCESSED, 2024 55

TABLE 8                AI APPLICATIONS IN BATTERY RECYCLING PROCESSES         58

TABLE 9                BATTERY CHEMISTRY, BY MATERIAL CONTENT                 58

TABLE 10              IMPACT OF MARKET DYNAMICS               59

TABLE 11              AVERAGE SELLING PRICE OF EV BATTERY RECYCLING,

BY MATERIAL EXTRACTED, 2024 (USD/TON)      62

TABLE 12              AVERAGE SELLING PRICE OF EV BATTERY MATERIAL EXTRACTED,

BY REGION, 2024 (USD/TON)      63

TABLE 13              ROLE OF COMPANIES IN ECOSYSTEM    66

TABLE 14              TECHNOLOGICAL ROUTES WITHIN BATTERY RECYCLING        69

TABLE 15              CURRENT AND FUTURE TRENDS IN BATTERY MANUFACTURING          70

TABLE 16              OVERVIEW OF MATERIAL DEMAND FROM EV BATTERIES, 2030 (MT/YEAR)       72

TABLE 17             SECOND-LIFE APPLICATIONS OF EV BATTERIES, BY BATTERY RECYCLER                78

TABLE 18              ASPECTS OF EV BATTERY SECOND-LIFE REFURBISHMENT            79

TABLE 19              PATENT ANALYSIS          81

TABLE 20              NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS  86

TABLE 21              EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS  86

TABLE 22              ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS  87

TABLE 23              KEY CONFERENCES AND EVENTS, 2025–2026                 87

TABLE 24              IMPORT DATA FOR HS CODE 850650, BY COUNTRY, 2020–2023 (USD MILLION)     89

TABLE 25              EXPORT DATA FOR HS CODE 850650, BY COUNTRY, 2020–2023 (USD MILLION)     89

TABLE 26              INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY END USER (%)        90

TABLE 27              KEY BUYING CRITERIA, BY END USER    91

TABLE 28              COMPARISON BETWEEN RECYCLING PROCESSES         93

TABLE 29              RECOVERABLE METALS FROM VARIOUS BATTERY CHEMISTRIES                93

TABLE 30              OPPORTUNITY MAPPING FOR RECYCLING PROCESSES         94

TABLE 31              PROS AND CONS OF HYDROMETALLURGY                 95

TABLE 32              EV BATTERY RECYCLING MARKET, BY BATTERY CHEMISTRY,

2024–2030 (THOUSAND UNITS)  99

TABLE 33              EV BATTERY RECYCLING MARKET, BY BATTERY CHEMISTRY,

2031–2035 (THOUSAND UNITS)  100

TABLE 34              LITHIUM IRON PHOSPHATE: EV BATTERY RECYCLING MARKET,

BY REGION, 2024–2030 (THOUSAND UNITS)         101

TABLE 35              LITHIUM IRON PHOSPHATE: EV BATTERY RECYCLING MARKET,

BY REGION, 2031–2035 (THOUSAND UNITS)         101

TABLE 36              NICKEL MANGANESE COBALT: EV BATTERY RECYCLING MARKET,

BY REGION, 2024–2030 (THOUSAND UNITS)         102

TABLE 37              NICKEL MANGANESE COBALT: EV BATTERY RECYCLING MARKET,

BY REGION, 2031–2035 (THOUSAND UNITS)         102

TABLE 38              NICKEL COBALT ALUMINUM: EV BATTERY RECYCLING MARKET,

BY REGION, 2024–2030 (THOUSAND UNITS)         103

TABLE 39              NICKEL COBALT ALUMINUM: EV BATTERY RECYCLING MARKET,

BY REGION, 2031–2035 (THOUSAND UNITS)         103

TABLE 40              EV BATTERY RECYCLING MARKET, BY VEHICLE TYPE,

2024–2030 (THOUSAND UNITS)  105

TABLE 41              EV BATTERY RECYCLING MARKET, BY VEHICLE TYPE,

2031–2035 (THOUSAND UNITS)  106

TABLE 42              PASSENGER CAR: EV BATTERY RECYCLING MARKET,

BY REGION, 2024–2030 (THOUSAND UNITS)         107

TABLE 43              PASSENGER CAR: EV BATTERY RECYCLING MARKET,

BY REGION, 2031–2035 (THOUSAND UNITS)         107

TABLE 44              PICK-UP TRUCK: EV BATTERY RECYCLING MARKET,

BY REGION, 2024–2030 (THOUSAND UNITS)         108

TABLE 45              PICK-UP TRUCK: EV BATTERY RECYCLING MARKET,

BY REGION, 2031–2035 (THOUSAND UNITS)         108

TABLE 46              TRUCK: EV BATTERY RECYCLING MARKET, BY REGION,

2024–2030 (THOUSAND UNITS)  109

TABLE 47              TRUCK: EV BATTERY RECYCLING MARKET, BY REGION,

2031–2035 (THOUSAND UNITS)  109

TABLE 48              VAN: EV BATTERY RECYCLING MARKET, BY REGION,

2024–2030 (THOUSAND UNITS)  110

TABLE 49              VAN: EV BATTERY RECYCLING MARKET, BY REGION,

2031–2035 (THOUSAND UNITS)  110

TABLE 50              BUS: EV BATTERY RECYCLING MARKET, BY REGION,

2024–2030 (THOUSAND UNITS)  111

TABLE 51              BUS: EV BATTERY RECYCLING MARKET, BY REGION,

2031–2035 (THOUSAND UNITS)  111

TABLE 52              TWO-WHEELER: EV BATTERY RECYCLING MARKET,

BY REGION, 2024–2030 (THOUSAND UNITS)         112

TABLE 53              TWO-WHEELER: EV BATTERY RECYCLING MARKET,

BY REGION, 2031–2035 (THOUSAND UNITS)         112

TABLE 54              EV BATTERY RECYCLING MARKET, BY MATERIAL EXTRACTED, 2024–2030 (TONS)          116

TABLE 55              EV BATTERY RECYCLING MARKET, BY MATERIAL EXTRACTED, 2031–2035 (TONS)          116

TABLE 56              EV BATTERY RECYCLING MARKET, BY MATERIAL EXTRACTED,

2024–2030 (USD MILLION)            117

TABLE 57              EV BATTERY RECYCLING MARKET, BY MATERIAL EXTRACTED,

2031–2035 (USD MILLION)            117

TABLE 58              LITHIUM: EV BATTERY RECYCLING MARKET, BY REGION, 2024–2030 (TONS)          119

TABLE 59              LITHIUM: EV BATTERY RECYCLING MARKET, BY REGION, 2031–2035 (TONS)          119

TABLE 60              LITHIUM: EV BATTERY RECYCLING MARKET, BY REGION,

2024–2030 (USD MILLION)            119

TABLE 61              LITHIUM: EV BATTERY RECYCLING MARKET, BY REGION,

2031–2035 (USD MILLION)            119

TABLE 62              NICKEL: EV BATTERY RECYCLING MARKET, BY REGION, 2024–2030 (TONS)          120

TABLE 63              NICKEL: EV BATTERY RECYCLING MARKET, BY REGION, 2031–2035 (TONS)          120

TABLE 64              NICKEL: EV BATTERY RECYCLING MARKET, BY REGION,

2024–2030 (USD MILLION)            121

TABLE 65              NICKEL: EV BATTERY RECYCLING MARKET, BY REGION,

2031–2035 (USD MILLION)            121

TABLE 66              COBALT: EV BATTERY RECYCLING MARKET, BY REGION, 2024–2030 (TONS)          122

TABLE 67              COBALT: EV BATTERY RECYCLING MARKET, BY REGION, 2031–2035 (TONS)          122

TABLE 68              COBALT: EV BATTERY RECYCLING MARKET, BY REGION,

2024–2030 (USD MILLION)            122

TABLE 69              COBALT: EV BATTERY RECYCLING MARKET, BY REGION,

2031–2035 (USD MILLION)            122

TABLE 70              MANGANESE: EV BATTERY RECYCLING MARKET, BY REGION, 2024–2030 (TONS)                123

TABLE 71              MANGANESE: EV BATTERY RECYCLING MARKET, BY REGION, 2031–2035 (TONS)                123

TABLE 72              MANGANESE: EV BATTERY RECYCLING MARKET,

BY REGION, 2024–2030 (USD MILLION)   123

TABLE 73              MANGANESE: EV BATTERY RECYCLING MARKET,

BY REGION, 2031–2035 (USD MILLION)   124

TABLE 74              GRAPHITE: EV BATTERY RECYCLING MARKET, BY REGION, 2024–2030 (TONS)   124

TABLE 75              GRAPHITE: EV BATTERY RECYCLING MARKET, BY REGION, 2031–2035 (TONS)   125

TABLE 76              GRAPHITE: EV BATTERY RECYCLING MARKET, BY REGION,

2024–2030 (USD MILLION)            125

TABLE 77              GRAPHITE: EV BATTERY RECYCLING MARKET, BY REGION,

2031–2035 (USD MILLION)            125

TABLE 78              ALUMINUM: EV BATTERY RECYCLING MARKET, BY REGION, 2024–2030 (TONS)   126

TABLE 79              ALUMINUM: EV BATTERY RECYCLING MARKET, BY REGION, 2031–2035 (TONS)   126

TABLE 80              ALUMINUM: EV BATTERY RECYCLING MARKET, BY REGION,

2024–2030 (USD MILLION)            126

TABLE 81              ALUMINUM: EV BATTERY RECYCLING MARKET, BY REGION,

2031–2035 (USD MILLION)            127

TABLE 82              COPPER: EV BATTERY RECYCLING MARKET, BY REGION, 2024–2030 (TONS)          127

TABLE 83              COPPER: EV BATTERY RECYCLING MARKET, BY REGION, 2031–2035 (TONS)          128

TABLE 84              COPPER: EV BATTERY RECYCLING MARKET, BY REGION,

2024–2030 (USD MILLION)            128

TABLE 85              COPPER: EV BATTERY RECYCLING MARKET, BY REGION,

2031–2035 (USD MILLION)            128

TABLE 86              IRON: EV BATTERY RECYCLING MARKET, BY REGION, 2024–2030 (TONS)          129

TABLE 87              IRON: EV BATTERY RECYCLING MARKET, BY REGION, 2031–2035 (TONS)          129

TABLE 88              IRON: EV BATTERY RECYCLING MARKET, BY REGION, 2024–2030 (USD MILLION)          130

TABLE 89              IRON: EV BATTERY RECYCLING MARKET, BY REGION, 2031–2035 (USD MILLION)          130

TABLE 90              STEEL: EV BATTERY RECYCLING MARKET, BY REGION, 2024–2030 (TONS)          131

TABLE 91              STEEL: EV BATTERY RECYCLING MARKET, BY REGION, 2031–2035 (TONS)          131

TABLE 92              STEEL: EV BATTERY RECYCLING MARKET, BY REGION, 2024–2030 (USD MILLION)          131

TABLE 93              STEEL: EV BATTERY RECYCLING MARKET, BY REGION, 2031–2035 (USD MILLION)          132

TABLE 94              EV BATTERY RECYCLING MARKET, BY REGION, 2024–2030 (TONS)             135

TABLE 95              EV BATTERY RECYCLING MARKET, BY REGION, 2031–2035 (TONS)             135

TABLE 96              EV BATTERY RECYCLING MARKET, BY REGION, 2024–2030 (USD MILLION)            135

TABLE 97              EV BATTERY RECYCLING MARKET, BY REGION, 2031–2035 (USD MILLION)            135

TABLE 98              EV BATTERY RECYCLING MARKET, BY REGION, 2024–2030 (THOUSAND UNITS)  136

TABLE 99              EV BATTERY RECYCLING MARKET, BY REGION, 2031–2035 (THOUSAND UNITS)  136

TABLE 100            ASIA PACIFIC: EV BATTERY RECYCLING MARKET,

BY MATERIAL EXTRACTED, 2024–2030 (TONS)    140

TABLE 101            ASIA PACIFIC: EV BATTERY RECYCLING MARKET,

BY MATERIAL EXTRACTED, 2031–2035 (TONS)    140

TABLE 102            ASIA PACIFIC: EV BATTERY RECYCLING MARKET,

BY MATERIAL EXTRACTED, 2024–2030 (USD MILLION)   141

TABLE 103            ASIA PACIFIC: EV BATTERY RECYCLING MARKET,

BY MATERIAL EXTRACTED, 2031–2035 (USD MILLION)   141

TABLE 104            ASIA PACIFIC: EV BATTERY RECYCLING MARKET,

BY COUNTRY, 2024–2030 (THOUSAND UNITS)    142

TABLE 105            ASIA PACIFIC: EV BATTERY RECYCLING MARKET,

BY COUNTRY, 2031–2035 (THOUSAND UNITS)    142

TABLE 106            CHINA: EV BATTERY RECYCLING MARKET, BY MATERIAL EXTRACTED,

2024–2030 (TONS)             143

TABLE 107            CHINA: EV BATTERY RECYCLING MARKET, BY MATERIAL EXTRACTED,

2031–2035 (TONS)             143

TABLE 108            CHINA: EV BATTERY RECYCLING MARKET, BY MATERIAL EXTRACTED,

2024–2030 (USD MILLION)            144

TABLE 109            CHINA: EV BATTERY RECYCLING MARKET, BY MATERIAL EXTRACTED,

2031–2035 (USD MILLION)            144

TABLE 110            CHINA: EV BATTERY RECYCLING MARKET, BY VEHICLE TYPE, 2024–2030 (UNITS)           145

TABLE 111            CHINA: EV BATTERY RECYCLING MARKET, BY VEHICLE TYPE, 2031–2035 (UNITS)           145

TABLE 112            JAPAN: EV BATTERY RECYCLING MARKET, BY MATERIAL EXTRACTED,

2024–2030 (TONS)             146

TABLE 113            JAPAN: EV BATTERY RECYCLING MARKET, BY MATERIAL EXTRACTED,

2031–2035 (TONS)             146

TABLE 114            JAPAN: EV BATTERY RECYCLING MARKET, BY MATERIAL EXTRACTED,

2024–2030 (USD MILLION)            147

TABLE 115            JAPAN: EV BATTERY RECYCLING MARKET, BY MATERIAL EXTRACTED,

2031–2035 (USD MILLION)            147

TABLE 116            JAPAN: EV BATTERY RECYCLING MARKET, BY VEHICLE TYPE, 2024–2030 (UNITS)           148

TABLE 117            JAPAN: EV BATTERY RECYCLING MARKET, BY VEHICLE TYPE, 2031–2035 (UNITS)           148

TABLE 118            SOUTH KOREA: EV BATTERY RECYCLING MARKET,

BY MATERIAL EXTRACTED, 2024–2030 (TONS)    149

TABLE 119            SOUTH KOREA: EV BATTERY RECYCLING MARKET,

BY MATERIAL EXTRACTED, 2031–2035 (TONS)    149

TABLE 120            SOUTH KOREA: EV BATTERY RECYCLING MARKET,

BY MATERIAL EXTRACTED, 2024–2030 (USD MILLION)   150

TABLE 121            SOUTH KOREA: EV BATTERY RECYCLING MARKET,

BY MATERIAL EXTRACTED, 2031–2035 (USD MILLION)   150

TABLE 122            SOUTH KOREA: EV BATTERY RECYCLING MARKET,

BY VEHICLE TYPE, 2024–2030 (UNITS)     151

TABLE 123            SOUTH KOREA: EV BATTERY RECYCLING MARKET,

BY VEHICLE TYPE, 2031–2035 (UNITS)     151

TABLE 124            INDIA: EV BATTERY RECYCLING MARKET,

BY MATERIAL EXTRACTED, 2024–2030 (TONS)    152

TABLE 125            INDIA: EV BATTERY RECYCLING MARKET, BY MATERIAL EXTRACTED,

2031–2035 (TONS)             153

TABLE 126            INDIA: EV BATTERY RECYCLING MARKET, BY MATERIAL EXTRACTED,

2024–2030 (USD MILLION)            153

TABLE 127            INDIA: EV BATTERY RECYCLING MARKET, BY MATERIAL EXTRACTED,

2031–2035 (USD MILLION)            154

TABLE 128            INDIA: EV BATTERY RECYCLING MARKET, BY VEHICLE TYPE, 2024–2030 (UNITS)           154

TABLE 129            INDIA: EV BATTERY RECYCLING MARKET, BY VEHICLE TYPE, 2031–2035 (UNITS)           154

TABLE 130            EUROPE: EV BATTERY RECYCLING MARKET, BY MATERIAL EXTRACTED,

2024–2030 (TONS)             158

TABLE 131            EUROPE: EV BATTERY RECYCLING MARKET, BY MATERIAL EXTRACTED,

2031–2035 (TONS)             158

TABLE 132            EUROPE: EV BATTERY RECYCLING MARKET, BY MATERIAL EXTRACTED,

2024–2030 (USD MILLION)            159

TABLE 133            EUROPE: EV BATTERY RECYCLING MARKET, BY MATERIAL EXTRACTED,

2031–2035 (USD MILLION)            159

TABLE 134            EUROPE: EV BATTERY RECYCLING MARKET, BY COUNTRY,

2024–2030 (THOUSAND UNITS)  160

TABLE 135            EUROPE: EV BATTERY RECYCLING MARKET, BY COUNTRY,

2031–2035 (THOUSAND UNITS)  160

TABLE 136            FRANCE: EV BATTERY RECYCLING MARKET, BY MATERIAL EXTRACTED,

2024–2030 (TONS)             161

TABLE 137            FRANCE: EV BATTERY RECYCLING MARKET, BY MATERIAL EXTRACTED,

2031–2035 (TONS)             161

TABLE 138            FRANCE: EV BATTERY RECYCLING MARKET, BY MATERIAL EXTRACTED,

2024–2030 (USD MILLION)            162

TABLE 139            FRANCE: EV BATTERY RECYCLING MARKET, BY MATERIAL EXTRACTED,

2031–2035 (USD MILLION)            162

TABLE 140            FRANCE: EV BATTERY RECYCLING MARKET, BY VEHICLE TYPE, 2024–2030 (UNITS)           163

TABLE 141            FRANCE: EV BATTERY RECYCLING MARKET, BY VEHICLE TYPE, 2031–2035 (UNITS)           163

TABLE 142            GERMANY: EV BATTERY RECYCLING MARKET, BY MATERIAL EXTRACTED,

2024–2030 (TONS)             164

TABLE 143            GERMANY: EV BATTERY RECYCLING MARKET, BY MATERIAL EXTRACTED,

2031–2035 (TONS)             164

TABLE 144            GERMANY: EV BATTERY RECYCLING MARKET, BY MATERIAL EXTRACTED,

2024–2030 (USD MILLION)            165

TABLE 145            GERMANY: EV BATTERY RECYCLING MARKET, BY MATERIAL EXTRACTED,

2031–2035 (USD MILLION)            165

TABLE 146            GERMANY: EV BATTERY RECYCLING MARKET, BY VEHICLE TYPE,

2024–2030 (UNITS)            166

TABLE 147            GERMANY: EV BATTERY RECYCLING MARKET, BY VEHICLE TYPE,

2031–2035 (UNITS)            166

TABLE 148            UK: EV BATTERY RECYCLING MARKET, BY MATERIAL EXTRACTED,

2024–2030 (TONS)             167

TABLE 149            UK: EV BATTERY RECYCLING MARKET, BY MATERIAL EXTRACTED,

2031–2035 (TONS)             167

TABLE 150            UK: EV BATTERY RECYCLING MARKET, BY MATERIAL EXTRACTED,

2024–2030 (USD MILLION)            168

TABLE 151            UK: EV BATTERY RECYCLING MARKET, BY MATERIAL EXTRACTED,

2031–2035 (USD MILLION)            168

TABLE 152            UK: EV BATTERY RECYCLING MARKET, BY VEHICLE TYPE, 2024–2030 (UNITS)           169

TABLE 153            UK: EV BATTERY RECYCLING MARKET, BY VEHICLE TYPE, 2031–2035 (UNITS)           169

TABLE 154            ITALY: EV BATTERY RECYCLING MARKET, BY MATERIAL EXTRACTED,

2024–2030 (TONS)             170

TABLE 155            ITALY: EV BATTERY RECYCLING MARKET, BY MATERIAL EXTRACTED,

2031–2035 (TONS)             170

TABLE 156            ITALY: EV BATTERY RECYCLING MARKET, BY MATERIAL EXTRACTED,

2024–2030 (USD MILLION)            171

TABLE 157            ITALY: EV BATTERY RECYCLING MARKET, BY MATERIAL EXTRACTED,

2031–2035 (USD MILLION)            171

TABLE 158            ITALY: EV BATTERY RECYCLING MARKET, BY VEHICLE TYPE, 2024–2030 (UNITS)           172

TABLE 159            ITALY: EV BATTERY RECYCLING MARKET, BY VEHICLE TYPE, 2031–2035 (UNITS)           172

TABLE 160            SPAIN: EV BATTERY RECYCLING MARKET, BY MATERIAL EXTRACTED,

2024–2030 (TONS)             173

TABLE 161            SPAIN: EV BATTERY RECYCLING MARKET, BY MATERIAL EXTRACTED,

2031–2035 (TONS)             173

TABLE 162            SPAIN: EV BATTERY RECYCLING MARKET, BY MATERIAL EXTRACTED,

2024–2030 (USD MILLION)            174

TABLE 163            SPAIN: EV BATTERY RECYCLING MARKET, BY MATERIAL EXTRACTED,

2031–2035 (USD MILLION)            174

TABLE 164            SPAIN: EV BATTERY RECYCLING MARKET, BY VEHICLE TYPE, 2024–2030 (UNITS)           175

TABLE 165            SPAIN: EV BATTERY RECYCLING MARKET, BY VEHICLE TYPE, 2031–2035 (UNITS)           175

TABLE 166            DENMARK: EV BATTERY RECYCLING MARKET, BY MATERIAL EXTRACTED,

2024–2030 (TONS)             176

TABLE 167            DENMARK: EV BATTERY RECYCLING MARKET, BY MATERIAL EXTRACTED,

2031–2035 (TONS)             176

TABLE 168            DENMARK: EV BATTERY RECYCLING MARKET, BY MATERIAL EXTRACTED,

2024–2030 (USD MILLION)            177

TABLE 169            DENMARK: EV BATTERY RECYCLING MARKET, BY MATERIAL EXTRACTED,

2031–2035 (USD MILLION)            177

TABLE 170            DENMARK: EV BATTERY RECYCLING MARKET, BY VEHICLE TYPE,

2024–2030 (UNITS)            178

TABLE 171            DENMARK: EV BATTERY RECYCLING MARKET, BY VEHICLE TYPE,

2031–2035 (UNITS)            178

TABLE 172            NORTH AMERICA: EV BATTERY RECYCLING MARKET,

BY MATERIAL EXTRACTED, 2024–2030 (TONS)    182

TABLE 173            NORTH AMERICA: EV BATTERY RECYCLING MARKET,

BY MATERIAL EXTRACTED, 2031–2035 (TONS)    182

TABLE 174            NORTH AMERICA: EV BATTERY RECYCLING MARKET,

BY MATERIAL EXTRACTED, 2024–2030 (USD MILLION)   183

TABLE 175            NORTH AMERICA: EV BATTERY RECYCLING MARKET,

BY MATERIAL EXTRACTED, 2031–2035 (USD MILLION)   183

TABLE 176            NORTH AMERICA: EV BATTERY RECYCLING MARKET,

BY COUNTRY, 2024–2030 (THOUSAND UNITS)    184

TABLE 177            NORTH AMERICA: EV BATTERY RECYCLING MARKET,

BY COUNTRY, 2031–2035 (THOUSAND UNITS)    184

TABLE 178            US: EV BATTERY RECYCLING MARKET, BY MATERIAL EXTRACTED,

2024–2030 (TONS)             185

TABLE 179            US: EV BATTERY RECYCLING MARKET, BY MATERIAL EXTRACTED,

2031–2035 (TONS)             185

TABLE 180            US: EV BATTERY RECYCLING MARKET, BY MATERIAL EXTRACTED,

2024–2030 (USD MILLION)            186

TABLE 181            US: EV BATTERY RECYCLING MARKET, BY MATERIAL EXTRACTED,

2031–2035 (USD MILLION)            186

TABLE 182            US: EV BATTERY RECYCLING MARKET, BY VEHICLE TYPE, 2024–2030 (UNITS)           187

TABLE 183            US: EV BATTERY RECYCLING MARKET, BY VEHICLE TYPE, 2031–2035 (UNITS)           187

TABLE 184            CANADA: EV BATTERY RECYCLING MARKET, BY MATERIAL EXTRACTED,

2024–2030 (TONS)             188

TABLE 185            CANADA: EV BATTERY RECYCLING MARKET, BY MATERIAL EXTRACTED,

2031–2035 (TONS)             188

TABLE 186            CANADA: EV BATTERY RECYCLING MARKET, BY MATERIAL EXTRACTED,

2024–2030 (USD MILLION)            189

TABLE 187            CANADA: EV BATTERY RECYCLING MARKET, BY MATERIAL EXTRACTED,

2031–2035 (USD MILLION)            189

TABLE 188            CANADA: EV BATTERY RECYCLING MARKET, BY VEHICLE TYPE,

2024–2030 (UNITS)            190

TABLE 189            CANADA: EV BATTERY RECYCLING MARKET, BY VEHICLE TYPE,

2031–2035 (UNITS)            190

TABLE 190            KEY PLAYER STRATEGIES/RIGHT TO WIN, 2021–2024        191

TABLE 191            MARKET SHARE ANALYSIS, 2023                 193

TABLE 192            BATTERY CHEMISTRY FOOTPRINT         198

TABLE 193            RECYCLING PROCESS FOOTPRINT          199

TABLE 194            REGION FOOTPRINT     200

TABLE 195            LIST OF START-UPS/SMES           203

TABLE 196            COMPETITIVE BENCHMARKING OF START-UPS/SMES           203

TABLE 197            EV BATTERY RECYCLING MARKET: DEALS, 2021–2024        206

TABLE 198            EV BATTERY RECYCLING MARKET: EXPANSIONS, 2021–2024 207

TABLE 199            EV BATTERY RECYCLING MARKET: OTHERS, 2021–2024              209

TABLE 200            UMICORE: COMPANY OVERVIEW             210

TABLE 201            UMICORE: PRODUCTS OFFERED              212

TABLE 202            UMICORE: DEALS             212

TABLE 203            GEM CO., LTD.: COMPANY OVERVIEW   214

TABLE 204            GEM CO., LTD.: PRODUCTS OFFERED    216

TABLE 205            GEM CO., LTD.: DEALS  216

TABLE 206            GLENCORE: COMPANY OVERVIEW          218

TABLE 207            GLENCORE: PRODUCTS OFFERED           219

TABLE 208            GLENCORE: DEALS         220

TABLE 209            CONTEMPORARY AMPEREX TECHNOLOGY CO., LIMITED: COMPANY OVERVIEW               222

TABLE 210            CONTEMPORARY AMPEREX TECHNOLOGY CO., LIMITED: PRODUCTS OFFERED                223

TABLE 211            CONTEMPORARY AMPEREX TECHNOLOGY CO., LIMITED: DEALS               224

TABLE 212            CONTEMPORARY AMPEREX TECHNOLOGY CO., LIMITED: EXPANSIONS 225

TABLE 213            CONTEMPORARY AMPEREX TECHNOLOGY CO., LIMITED: OTHERS           226

TABLE 214            FORTUM: COMPANY OVERVIEW               227

TABLE 215            FORTUM: PRODUCTS OFFERED                228

TABLE 216            FORTUM: DEALS              229

TABLE 217            FORTUM: EXPANSIONS 229

TABLE 218            CIRBA SOLUTIONS: COMPANY OVERVIEW                 232

TABLE 219            CIRBA SOLUTIONS: PRODUCTS OFFERED                 232

TABLE 220            CIRBA SOLUTIONS: DEALS          233

TABLE 221            RECYCLICO BATTERY MATERIALS INC.: COMPANY OVERVIEW   235

TABLE 222            RECYCLICO BATTERY MATERIALS INC.: PRODUCTS OFFERED    235

TABLE 223            RECYCLICO BATTERY MATERIALS INC.: DEALS                 236

TABLE 224            RECYCLICO BATTERY MATERIALS INC.: EXPANSIONS     237

TABLE 225            LI-CYCLE CORP.: COMPANY OVERVIEW                 238

TABLE 226            LI-CYCLE CORP.: PRODUCTS OFFERED 239

TABLE 227            LI-CYCLE CORP.: DEALS                240

TABLE 228            LI-CYCLE CORP.: EXPANSIONS  241

TABLE 229            ECOBAT: COMPANY OVERVIEW                242

TABLE 230            ECOBAT: PRODUCTS OFFERED 242

TABLE 231            ECOBAT: DEALS               243

TABLE 232            ECOBAT: EXPANSIONS  244

TABLE 233            ERAMET: COMPANY OVERVIEW                245

TABLE 234            ERAMET: PRODUCTS OFFERED 246

TABLE 235            ERAMET: EXPANSIONS  246

TABLE 236            NEOMETALS LTD.: COMPANY OVERVIEW                 247

TABLE 237            NEOMETALS LTD.: PRODUCTS OFFERED                 247

TABLE 238            NEOMETALS LTD.: DEALS            248

TABLE 239            NEOMETALS LTD.: OTHERS        248

TABLE 240            ACCUREC-RECYCLING GMBH: COMPANY OVERVIEW          249

TABLE 241            ACCUREC-RECYCLING GMBH: PRODUCTS OFFERED             249

TABLE 242            ACCUREC-RECYCLING GMBH: EXPANSIONS                 250

TABLE 243            SK TES: COMPANY OVERVIEW   251

TABLE 244            SK TES: PRODUCTS OFFERED    251

TABLE 245            SK TES: DEALS  252

TABLE 246            SK TES: EXPANSIONS     252

TABLE 247            STENA RECYCLING: COMPANY OVERVIEW                 253

TABLE 248            STENA RECYCLING: PRODUCTS OFFERED                 253

TABLE 249            STENA RECYCLING: DEALS          254

TABLE 250            STENA RECYCLING: EXPANSIONS             255

TABLE 251            REDWOOD MATERIALS INC.: COMPANY OVERVIEW          256

TABLE 252            REDWOOD MATERIALS INC.: PRODUCTS OFFERED             256

TABLE 253            REDWOOD MATERIALS INC.: DEALS       257

TABLE 254            REDWOOD MATERIALS INC.: OTHERS   258

TABLE 255            ASCEND ELEMENTS, INC.: COMPANY OVERVIEW          259

TABLE 256            ASCEND ELEMENTS, INC.: PRODUCTS OFFERED                 259

TABLE 257            ASCEND ELEMENTS, INC.: DEALS             260

TABLE 258            ASCEND ELEMENTS, INC.: EXPANSIONS                 261

TABLE 259            ACE GREEN RECYCLING: COMPANY OVERVIEW                 262

TABLE 260            ACE GREEN RECYCLING: PRODUCTS OFFERED                 262

TABLE 261            ACE GREEN RECYCLING: DEALS                263

TABLE 262            PRIMOBIUS GMBH: COMPANY OVERVIEW                 264

TABLE 263            PRIMOBIUS GMBH: PRODUCTS OFFERED                 264

TABLE 264            PRIMOBIUS GMBH: DEALS           265

TABLE 265            SHENZHEN HIGHPOWER TECHNOLOGY CO., LTD.: COMPANY OVERVIEW       266

TABLE 266            SHENZHEN HIGHPOWER TECHNOLOGY CO., LTD.: PRODUCTS OFFERED        267

TABLE 267            ENVIROSTREAM AUSTRALIA PTY LTD.: COMPANY OVERVIEW   268

TABLE 268            DUESENFELD GMBH: COMPANY OVERVIEW                 268

TABLE 269            LITHION RECYCLING INC.: COMPANY OVERVIEW          269

TABLE 270            BATREC INDUSTRIE: COMPANY OVERVIEW                 270

TABLE 271            SITRASA: COMPANY OVERVIEW                270

TABLE 272            TATA CHEMICALS LIMITED: COMPANY OVERVIEW          271

TABLE 273            EXIGO RECYCLING PVT. LTD.: COMPANY OVERVIEW          271

TABLE 274            ZIPTRAX: COMPANY OVERVIEW               272

TABLE 275            BATX ENERGIES: COMPANY OVERVIEW 272

TABLE 276            AUSTRALIAN BATTERY RECYCLING INITIATIVE: COMPANY OVERVIEW   273

TABLE 277            ATTERO RECYCLING PVT. LTD: COMPANY OVERVIEW          273

TABLE 278            TRISHULAVEL ESHAN PVT. LTD. (LI-CIRCLE): COMPANY OVERVIEW   274

LIST OF FIGURES

FIGURE 1              EV BATTERY RECYCLING MARKET SEGMENTATION              28

FIGURE 2              RESEARCH DESIGN         31

FIGURE 3              RESEARCH DESIGN MODEL         32

FIGURE 4              RESEARCH METHODOLOGY: HYPOTHESIS BUILDING           37

FIGURE 5              BOTTOM-UP APPROACH              38

FIGURE 6              TOP-DOWN APPROACH                39

FIGURE 7              MARKET ESTIMATION NOTES   39

FIGURE 8              DATA TRIANGULATION                40

FIGURE 9              FACTOR ANALYSIS FOR MARKET SIZING: DEMAND AND SUPPLY SIDES    42

FIGURE 10            EV BATTERY RECYCLING MARKET OVERVIEW                 46

FIGURE 11            ASIA PACIFIC TO BE LEADING MARKET DURING FORECAST PERIOD         47

FIGURE 12            PASSENGER CAR TO BE LEADING SEGMENT DURING FORECAST PERIOD       48

FIGURE 13            RESOURCE SCARCITY AND SUPPLY CHAIN SECURITY OF EV BATTERY MATERIALS TO DRIVE MARKET                 49

FIGURE 14            LITHIUM TO BE FASTEST-GROWING SEGMENT DURING FORECAST PERIOD       50

FIGURE 15            LFP TO BE LARGEST SEGMENT DURING FORECAST PERIOD         50

FIGURE 16            PASSENGER CAR TO SURPASS OTHER SEGMENTS DURING FORECAST PERIOD               51

FIGURE 17            ASIA PACIFIC TO BE LARGEST MARKET FOR EV BATTERY RECYCLING DURING FORECAST PERIOD         51

FIGURE 18            EV BATTERY RECYCLING MARKET DYNAMICS                 53

FIGURE 19            SUPPLY CHAIN OF EV BATTERY MATERIALS                 54

FIGURE 20            EV BATTERY RECYCLING PROCEDURES                 57

FIGURE 21            TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS

IN EV BATTERY ECOSYSTEM      60

FIGURE 22            TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS

IN EV BATTERY RECYCLING ECOSYSTEM             61

FIGURE 23            AVERAGE SELLING PRICE OF EV BATTERY RECYCLING,

BY MATERIAL EXTRACTED, 2024 (USD/TON)      62

FIGURE 24            AVERAGE SELLING PRICE OF EV BATTERY MATERIAL EXTRACTED,

BY REGION, 2024 (USD/TON)      63

FIGURE 25            SUPPLY CHAIN ANALYSIS             64

FIGURE 26            ECOSYSTEM ANALYSIS  65

FIGURE 27            MATERIAL SUPPLY AND DEMAND, 2023 VS. 2030 (MT/YEAR)          73

FIGURE 28            GLOBAL DISTRIBUTION OF LITHIUM, NICKEL, COBALT, MANGANESE,

AND NATURAL GRAPHITE RESERVES AND MINING IN 2023                 74

FIGURE 29            ANNUAL RAW MATERIAL DEMAND AND SUPPLY (KT)      75

FIGURE 30            SECOND LIFE FOR EV BATTERIES             76

FIGURE 31            PROS AND CONS OF SECOND-LIFE BATTERIES                 77

FIGURE 32            STEPS OF BATTERY REPURPOSING         78

FIGURE 33            INVESTMENT AND FUNDING SCENARIO, 2023–2024        80

FIGURE 34            PATENT ANALYSIS          81

FIGURE 35            IMPORT DATA FOR HS CODE 850650, BY COUNTRY, 2020–2023 (USD MILLION)     88

FIGURE 36            EXPORT DATA FOR HS CODE 850650, BY COUNTRY, 2020–2023 (USD MILLION)     89

FIGURE 37            INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY END USER                90

FIGURE 38            KEY BUYING CRITERIA, BY END USER    91

FIGURE 39            RECYCLING PROCESSES OF EV BATTERIES                 92

FIGURE 40            RECYCLING PROCESS OF LITHIUM-ION BATTERIES, BY KEY PLAYER        94

FIGURE 41            ADVANTAGES OF DIRECT RECYCLING  97

FIGURE 42            EV BATTERY RECYCLING MARKET, BY BATTERY CHEMISTRY,

2024–2035 (THOUSAND UNITS)  99

FIGURE 43            EV BATTERY RECYCLING MARKET, BY VEHICLE TYPE,

2024–2035 (THOUSAND UNITS)  105

FIGURE 44            RECOVERY RATE OF EV BATTERY MATERIALS, 2024        115

FIGURE 45            EV BATTERY RECYCLING MARKET, BY MATERIAL EXTRACTED,

2024–2035 (USD MILLION)            115

FIGURE 46            DIRECT LITHIUM EXTRACTION AND REFINING COMPANIES       118

FIGURE 47            EV BATTERY RECYCLING MARKET, BY REGION, 2024–2035 (USD MILLION)            134

FIGURE 48            ASIA PACIFIC: REAL GDP GROWTH RATE, BY COUNTRY, 2024–2026      137

FIGURE 49            ASIA PACIFIC: GDP PER CAPITA, BY COUNTRY, 2024–2026              137

FIGURE 50            ASIA PACIFIC: INFLATION RATE AVERAGE CONSUMER PRICES,

BY COUNTRY, 2024–2026                138

FIGURE 51            ASIA PACIFIC: MANUFACTURING INDUSTRY CONTRIBUTION TO GDP, 2024  138

FIGURE 52            ASIA PACIFIC: EV BATTERY RECYCLING MARKET SNAPSHOT       139

FIGURE 53            EUROPE: REAL GDP GROWTH RATE, BY COUNTRY, 2024–2026      156

FIGURE 54            EUROPE: GDP PER CAPITA, BY COUNTRY, 2024–2026        156

FIGURE 55            EUROPE: INFLATION RATE AVERAGE CONSUMER PRICES,

BY COUNTRY, 2024–2026                156

FIGURE 56            EUROPE: MANUFACTURING INDUSTRY CONTRIBUTION TO GDP, 2024  157

FIGURE 57            EUROPE: EV BATTERY RECYCLING MARKET SNAPSHOT          157

FIGURE 58            NORTH AMERICA: REAL GDP GROWTH RATE, BY COUNTRY, 2024–2026                179

FIGURE 59            NORTH AMERICA: GDP PER CAPITA, BY COUNTRY, 2024–2026      180

FIGURE 60            NORTH AMERICA: CPI INFLATION RATE, BY COUNTRY, 2024–2026      180

FIGURE 61            NORTH AMERICA: MANUFACTURING INDUSTRY CONTRIBUTION TO GDP, 2024            181

FIGURE 62            NORTH AMERICA: EV BATTERY RECYCLING MARKET SNAPSHOT       181

FIGURE 63            MARKET SHARE ANALYSIS OF KEY PLAYERS, 2023        193

FIGURE 64            REVENUE ANALYSIS OF TOP FIVE PLAYERS, 2019−2023            195

FIGURE 65            COMPANY EVALUATION MATRIX (KEY PLAYERS), 2024  196

FIGURE 66            COMPANY FOOTPRINT 197

FIGURE 67            COMPANY EVALUATION MATRIX (START-UPS/SMES), 2024                202

FIGURE 68            COMPANY VALUATION OF KEY PLAYERS, 2024                 204

FIGURE 69            FINANCIAL METRICS OF KEY PLAYERS, 2024                 204

FIGURE 70            BRAND/PRODUCT COMPARISON             205

FIGURE 71            UMICORE: COMPANY SNAPSHOT             211

FIGURE 72            UMICORE: RECYCLING REVENUE (EXCLUDING METAL)                211

FIGURE 73            GEM CO., LTD.: COMPANY SNAPSHOT  215

FIGURE 74            GEM CO., LTD.: R&D EXPENDITURE, 2017–2023                 215

FIGURE 75            GLENCORE: COMPANY SNAPSHOT          218

FIGURE 76            CONTEMPORARY AMPEREX TECHNOLOGY CO., LIMITED: COMPANY SNAPSHOT               222

FIGURE 77            GLOBAL LAYOUT OF BRUNP RECYCLING                 223

FIGURE 78            FORTUM: COMPANY SNAPSHOT               228

FIGURE 79            LI-CYCLE CORP.: COMPANY SNAPSHOT                 238

FIGURE 80            ERAMET: COMPANY SNAPSHOT                245

FIGURE 81            SHENZHEN HIGHPOWER TECHNOLOGY CO., LTD.: COMPANY SNAPSHOT       266