According to this study, the global Secondary Battery Recycling market size will reach US$ 1299 million by 2031.
Battery recycling is a process that helps reduce the number of batteries being disposed as municipal solid waste. Secondary batteries should be disposed properly, as they comprise several heavy metals and toxic chemicals.Secondary battery recycling refers to the process of resource processing of waste lithium-ion batteries, nickel-metal hydride batteries and other rechargeable batteries, aiming to extract valuable metals (such as cobalt, lithium, and nickel), reduce environmental pollution, and promote the development of a circular economy.
A key factor driving the growth of the market is the self-sustainability of battery raw materials. Sourcing from other countries, developing domestic sourcing, or by promoting the recycling used batteries are the three ways to ensure supply of critical raw materials for manufacturing batteries in any country. The reserves for raw materials required for manufacturing secondary batteries such as natural graphite, manganese, and nickel are highly concentrated in few countries.
The driving factors of the secondary battery recycling market mainly include:
1. Policies and regulations: mandatory regulations and incentives in parallel
Global environmental protection policies are tightened
EU "New Battery Law": requires that the proportion of recycled materials in power batteries reach 12% (cobalt, lithium, nickel) from 2030, and compulsorily disclose carbon footprints, forcing companies to layout the recycling industry chain.
China's "white list" system: The Ministry of Industry and Information Technology issued the "Industry Standard Conditions for Comprehensive Utilization of Waste Power Batteries for New Energy Vehicles" to regulate enterprise access and promote the concentration of the industry.
US IRA Act: Provide tax credits to battery companies using recycled materials to stimulate the expansion of local recycling capacity.
Extended Producer Responsibility (EPR)
Battery manufacturers need to assume recycling responsibilities, such as Tesla and CATL, which lock in recycling capacity through joint ventures or signing long-term contracts to reduce compliance risks.
2. Economic factors: cost optimization and resource security
Raw material price fluctuations
Cobalt prices fluctuate by more than 50%, and lithium prices fluctuate periodically. Companies can reduce their dependence on primary minerals and stabilize supply chain costs through recycling.
Case: GEM has achieved a cobalt self-sufficiency rate of more than 50% through recycling, and its risk resistance has been significantly improved.
The economic benefits of cascade utilization are highlighted
After the capacity of retired power batteries decays to 80%, they can be used in energy storage, low-speed vehicles and other fields, and the cost is only 30%-50% of new batteries.
3. Technological progress: efficiency improvement and boundary expansion
Recycling technology iteration
Hydrometallurgy: The recovery rate of cobalt and lithium exceeds 95%, and representative companies include Umicore and Brunp Cycle.
Direct regeneration technology: repair electrode material performance and reduce energy consumption by 30%.
AI sorting: improve sorting accuracy to 99% through spectral analysis, and reduce labor costs.
Cross-border technology integration
Blockchain traceability: build a data chain for the entire life cycle of batteries to improve recycling transparency.
Hydrogen energy coupling: use the waste liquid generated by recycling for hydrogen production to achieve a "zero emission" closed loop.
4. Environmental awareness: social consensus under the goal of carbon neutrality
Enterprise ESG pressure
Apple, BMW and other companies have pledged to achieve carbon neutrality in 2030, and battery recycling has become a key carbon reduction path.
Carbon trading benefits: recycling 1 ton of power batteries can reduce emissions by about 3 tons of CO鈧�, and companies increase profits through carbon credit trading.
Changes in consumer preferences
Surveys show that 65% of consumers are willing to pay a premium for "environmentally friendly batteries", which will drive companies to accelerate the layout of the recycling industry chain.
V. Market demand: explosive growth and structural upgrades
Power battery retirement wave
The global power battery retirement volume is expected to reach 100GWh in 2025 and exceed 800GWh in 2030, and the recycling market size will exceed 100 billion.
Regional differences: Due to the early promotion of new energy, China's retirement volume in 2025 accounted for 40% of the world; with the popularization of electric vehicles in Europe, the growth rate will reach 35% in 2030.
Energy storage market pull
The demand for retired batteries in the fields of grid peak regulation and household energy storage has surged, and it is estimated that the proportion of recycled batteries for energy storage will reach 20% in 2030.
VI. Industry chain collaboration: closed-loop ecological construction
"Mine-battery factory-car company-recycling company" alliance
Case: CATL cooperates with GEM, Toyota and Redwood Materials to achieve a "production-recycling-regeneration" closed loop.
Data: The alliance model can reduce battery costs by 10%-15% and increase resource utilization by more than 30%.
Emerging business models
Battery leasing: NIO launched the BaaS service, where users only purchase the right to use the battery, which will be recycled by the company after retirement.
VII. Challenges and coping strategies
Lack of technical standardization
Countermeasures: The International Electrotechnical Commission (IEC) issued battery recycling standards, and China promoted the implementation of the national standard "Technical Specifications for Waste Battery Recycling".
Impact of small workshops
Countermeasures: The government increased subsidies for "white list" companies and squeezed the living space of informal channels through tax incentives.
The explosion of the secondary battery recycling market is the result of the synergistic resonance of policies, economy, technology, environment and industrial chain.
The 鈥淪econdary Battery Recycling Industry Forecast鈥� looks at past sales and reviews total world Secondary Battery Recycling sales in 2024, providing a comprehensive analysis by region and market sector of projected Secondary Battery Recycling sales for 2025 through 2031. With Secondary Battery Recycling sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Secondary Battery Recycling industry.
This Insight Report provides a comprehensive analysis of the global Secondary Battery Recycling landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on Secondary Battery Recycling portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms鈥� unique position in an accelerating global Secondary Battery Recycling market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Secondary Battery Recycling and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Secondary Battery Recycling.
This report presents a comprehensive overview, market shares, and growth opportunities of Secondary Battery Recycling market by product type, application, key players and key regions and countries.
Segmentation by Type:
Lead-acid
Lithium-ion
Others
Segmentation by Application:
Car Battery
Motorcycle Battery
Other
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Aceleron
Northvolt
Exide Technologies
Umicore
Redwood Materials
Li-Cycle
Hunan Brunp Recycling Technology
GEM
ACE Green Recycling
Ganfeng Lithium
Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.
1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Secondary Battery Recycling Market Size (2020-2031)
2.1.2 Secondary Battery Recycling Market Size CAGR by Region (2020 VS 2024 VS 2031)
2.1.3 World Current & Future Analysis for Secondary Battery Recycling by Country/Region (2020, 2024 & 2031)
2.2 Secondary Battery Recycling Segment by Type
2.2.1 Lead-acid
2.2.2 Lithium-ion
2.2.3 Others
2.3 Secondary Battery Recycling Market Size by Type
2.3.1 Secondary Battery Recycling Market Size CAGR by Type (2020 VS 2024 VS 2031)
2.3.2 Global Secondary Battery Recycling Market Size Market Share by Type (2020-2025)
2.4 Secondary Battery Recycling Segment by Application
2.4.1 Car Battery
2.4.2 Motorcycle Battery
2.4.3 Other
2.5 Secondary Battery Recycling Market Size by Application
2.5.1 Secondary Battery Recycling Market Size CAGR by Application (2020 VS 2024 VS 2031)
2.5.2 Global Secondary Battery Recycling Market Size Market Share by Application (2020-2025)
3 Secondary Battery Recycling Market Size by Player
3.1 Secondary Battery Recycling Market Size Market Share by Player
3.1.1 Global Secondary Battery Recycling Revenue by Player (2020-2025)
3.1.2 Global Secondary Battery Recycling Revenue Market Share by Player (2020-2025)
3.2 Global Secondary Battery Recycling Key Players Head office and Products Offered
3.3 Market Concentration Rate Analysis
3.3.1 Competition Landscape Analysis
3.3.2 Concentration Ratio (CR3, CR5 and CR10) & (2023-2025)
3.4 New Products and Potential Entrants
3.5 Mergers & Acquisitions, Expansion
4 Secondary Battery Recycling by Region
4.1 Secondary Battery Recycling Market Size by Region (2020-2025)
4.2 Global Secondary Battery Recycling Annual Revenue by Country/Region (2020-2025)
4.3 Americas Secondary Battery Recycling Market Size Growth (2020-2025)
4.4 APAC Secondary Battery Recycling Market Size Growth (2020-2025)
4.5 Europe Secondary Battery Recycling Market Size Growth (2020-2025)
4.6 Middle East & Africa Secondary Battery Recycling Market Size Growth (2020-2025)
5 Americas
5.1 Americas Secondary Battery Recycling Market Size by Country (2020-2025)
5.2 Americas Secondary Battery Recycling Market Size by Type (2020-2025)
5.3 Americas Secondary Battery Recycling Market Size by Application (2020-2025)
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Secondary Battery Recycling Market Size by Region (2020-2025)
6.2 APAC Secondary Battery Recycling Market Size by Type (2020-2025)
6.3 APAC Secondary Battery Recycling Market Size by Application (2020-2025)
6.4 China
6.5 Japan
6.6 South Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
7 Europe
7.1 Europe Secondary Battery Recycling Market Size by Country (2020-2025)
7.2 Europe Secondary Battery Recycling Market Size by Type (2020-2025)
7.3 Europe Secondary Battery Recycling Market Size by Application (2020-2025)
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa Secondary Battery Recycling by Region (2020-2025)
8.2 Middle East & Africa Secondary Battery Recycling Market Size by Type (2020-2025)
8.3 Middle East & Africa Secondary Battery Recycling Market Size by Application (2020-2025)
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends
10 Global Secondary Battery Recycling Market Forecast
10.1 Global Secondary Battery Recycling Forecast by Region (2026-2031)
10.1.1 Global Secondary Battery Recycling Forecast by Region (2026-2031)
10.1.2 Americas Secondary Battery Recycling Forecast
10.1.3 APAC Secondary Battery Recycling Forecast
10.1.4 Europe Secondary Battery Recycling Forecast
10.1.5 Middle East & Africa Secondary Battery Recycling Forecast
10.2 Americas Secondary Battery Recycling Forecast by Country (2026-2031)
10.2.1 United States Market Secondary Battery Recycling Forecast
10.2.2 Canada Market Secondary Battery Recycling Forecast
10.2.3 Mexico Market Secondary Battery Recycling Forecast
10.2.4 Brazil Market Secondary Battery Recycling Forecast
10.3 APAC Secondary Battery Recycling Forecast by Region (2026-2031)
10.3.1 China Secondary Battery Recycling Market Forecast
10.3.2 Japan Market Secondary Battery Recycling Forecast
10.3.3 Korea Market Secondary Battery Recycling Forecast
10.3.4 Southeast Asia Market Secondary Battery Recycling Forecast
10.3.5 India Market Secondary Battery Recycling Forecast
10.3.6 Australia Market Secondary Battery Recycling Forecast
10.4 Europe Secondary Battery Recycling Forecast by Country (2026-2031)
10.4.1 Germany Market Secondary Battery Recycling Forecast
10.4.2 France Market Secondary Battery Recycling Forecast
10.4.3 UK Market Secondary Battery Recycling Forecast
10.4.4 Italy Market Secondary Battery Recycling Forecast
10.4.5 Russia Market Secondary Battery Recycling Forecast
10.5 Middle East & Africa Secondary Battery Recycling Forecast by Region (2026-2031)
10.5.1 Egypt Market Secondary Battery Recycling Forecast
10.5.2 South Africa Market Secondary Battery Recycling Forecast
10.5.3 Israel Market Secondary Battery Recycling Forecast
10.5.4 Turkey Market Secondary Battery Recycling Forecast
10.6 Global Secondary Battery Recycling Forecast by Type (2026-2031)
10.7 Global Secondary Battery Recycling Forecast by Application (2026-2031)
10.7.1 GCC Countries Market Secondary Battery Recycling Forecast
11 Key Players Analysis
11.1 Aceleron
11.1.1 Aceleron Company Information
11.1.2 Aceleron Secondary Battery Recycling Product Offered
11.1.3 Aceleron Secondary Battery Recycling Revenue, Gross Margin and Market Share (2020-2025)
11.1.4 Aceleron Main Business Overview
11.1.5 Aceleron Latest Developments
11.2 Northvolt
11.2.1 Northvolt Company Information
11.2.2 Northvolt Secondary Battery Recycling Product Offered
11.2.3 Northvolt Secondary Battery Recycling Revenue, Gross Margin and Market Share (2020-2025)
11.2.4 Northvolt Main Business Overview
11.2.5 Northvolt Latest Developments
11.3 Exide Technologies
11.3.1 Exide Technologies Company Information
11.3.2 Exide Technologies Secondary Battery Recycling Product Offered
11.3.3 Exide Technologies Secondary Battery Recycling Revenue, Gross Margin and Market Share (2020-2025)
11.3.4 Exide Technologies Main Business Overview
11.3.5 Exide Technologies Latest Developments
11.4 Umicore
11.4.1 Umicore Company Information
11.4.2 Umicore Secondary Battery Recycling Product Offered
11.4.3 Umicore Secondary Battery Recycling Revenue, Gross Margin and Market Share (2020-2025)
11.4.4 Umicore Main Business Overview
11.4.5 Umicore Latest Developments
11.5 Redwood Materials
11.5.1 Redwood Materials Company Information
11.5.2 Redwood Materials Secondary Battery Recycling Product Offered
11.5.3 Redwood Materials Secondary Battery Recycling Revenue, Gross Margin and Market Share (2020-2025)
11.5.4 Redwood Materials Main Business Overview
11.5.5 Redwood Materials Latest Developments
11.6 Li-Cycle
11.6.1 Li-Cycle Company Information
11.6.2 Li-Cycle Secondary Battery Recycling Product Offered
11.6.3 Li-Cycle Secondary Battery Recycling Revenue, Gross Margin and Market Share (2020-2025)
11.6.4 Li-Cycle Main Business Overview
11.6.5 Li-Cycle Latest Developments
11.7 Hunan Brunp Recycling Technology
11.7.1 Hunan Brunp Recycling Technology Company Information
11.7.2 Hunan Brunp Recycling Technology Secondary Battery Recycling Product Offered
11.7.3 Hunan Brunp Recycling Technology Secondary Battery Recycling Revenue, Gross Margin and Market Share (2020-2025)
11.7.4 Hunan Brunp Recycling Technology Main Business Overview
11.7.5 Hunan Brunp Recycling Technology Latest Developments
11.8 GEM
11.8.1 GEM Company Information
11.8.2 GEM Secondary Battery Recycling Product Offered
11.8.3 GEM Secondary Battery Recycling Revenue, Gross Margin and Market Share (2020-2025)
11.8.4 GEM Main Business Overview
11.8.5 GEM Latest Developments
11.9 ACE Green Recycling
11.9.1 ACE Green Recycling Company Information
11.9.2 ACE Green Recycling Secondary Battery Recycling Product Offered
11.9.3 ACE Green Recycling Secondary Battery Recycling Revenue, Gross Margin and Market Share (2020-2025)
11.9.4 ACE Green Recycling Main Business Overview
11.9.5 ACE Green Recycling Latest Developments
11.10 Ganfeng Lithium
11.10.1 Ganfeng Lithium Company Information
11.10.2 Ganfeng Lithium Secondary Battery Recycling Product Offered
11.10.3 Ganfeng Lithium Secondary Battery Recycling Revenue, Gross Margin and Market Share (2020-2025)
11.10.4 Ganfeng Lithium Main Business Overview
11.10.5 Ganfeng Lithium Latest Developments
12 Research Findings and Conclusion
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*If Applicable.
