Electric Vehicle (EV) Battery Recycling and Material Recovery Market Size & Share 2026-2035

Electric Vehicle Battery Recycling and Material Recovery Market Size

The global electric vehicle battery recycling and material recovery market was valued at USD 3.5 billion in 2025. The market is expected to grow from USD 4.2 billion in 2026 to USD 46.1 billion in 2035 at a CAGR of 30.5%, according to latest report published by Global Market Insights Inc.

Rapid growth in electric vehicle usage has risen, the need for recycling facilities of EV batteries and the recovery of their materials will also grow tremendously over time. In 2024 alone, global sales of EVs surpassed 17 million or about 18% of the total number of light vehicles sold globally. Respondents who project the growth of worldwide EV sales will continue to outpace current or projected growth of any other vehicle type. Continued growth in EV deployments will result in many EV batteries that were placed into service between 2017 and 2020 reaching an end of life status within the next several years. Generally, the life of an EV battery will be approximately 8 to 12 years.

Consequently, the number of retired EV batteries will continue to grow dramatically through the end of the 2020. This new increasing stream of end of life EV batteries will provide recyclers with a regular supply of feedstock from EV batteries to recover materials. As a result, those companies that establish collection, dismantling and recycling capabilities at an early stage will have greater access to the increasing demand for battery recycling and recovered battery materials.

Growing concerns about the production and sourcing stability of critical raw materials for batteries have led to increased investment into recycling batteries and recovering materials through these processes. Some of the core components of a lithium ion battery (Li-ion battery) include lithium, cobalt, nickel, and manganese. While these materials are critical for Li-ion cell technology, over 60% of the world's cobalt refining occurs in the People's Republic of China, while over 70% of the world lithium production is in three countries Australia, Chile, and Argentina.^[1]

Countries are enacting strategies through their policies to encourage the recycling of these critical raw materials with the goal of reducing their dependence on foreign supply chains and enhancing domestic manufacturing. Some of the infrastructure put into place for domestic materials includes the U.S. Inflation Reduction Act (IRA) which requires that critical minerals (including lithium, cobalt, nickel) used in battery manufacturing must meet a domestic and free trade agreement sourcing requirement.

Additionally, the European Union's Battery Regulation (2023/1542) mandates that manufacturers include a minimum amount of recycled content (16% cobalt, 6% lithium, and 6% nickel) in new batteries starting in 2031. These directives are resulting in the increased demand for secondary raw materials, thereby making battery collection and recycling an increasingly important piece of the future supply chain for electric vehicle (EV) batteries.

The Asia Pacific region is the largest market share for EV batteries due to it being the largest producer of new EVs as well as the dominant area producing EV batteries. As mentioned by International Energy Agency (IEA), nearly 40% to 60% of the overall global deployed amount of EV batteries was located within the Asia Pacific region in 2025, clearly defining that as a large installed capacity of batteries in the region and showing a lot of potential to recycle these batteries in the future. The region currently also has support from numerous government policies and battery collection programming to improve both material recovery and circularity of all battery materials.

The China Automotive Technology and Research Center (CATARC) along with the China Battery Industry Association have promoted the establishment of battery traceability systems and recycling standards to improve all aspects of end of life management for batteries. The initiatives put forth present an opportunity to form a larger supply of usable recyclable batteries and to further maintain the Asia Pacific region advantage as leaders in the EV battery recycling and material recovery industry.

Additionally, both the EPO & IEA have indicated that battery recycling innovations are rapidly growing, which is indicative of increasing investments into technologies used to recover both critical minerals from spent batteries. These trends are greatly accelerating the emergence of local recycling capabilities and cementing Europe position as one of the most important growth markets for EV battery recycling and material recovery worldwide.

Electric Vehicle Battery Recycling and Material Recovery Market Trends

In the EV battery recycling and material recovery sector, end of life volumes have grown significantly over the last two years. The rise in EOL batteries began in 2017-2020 and has resulted in a large number of batteries that have completed their life cycle of between 8-12 years. By 2030, the total amount of lithium ion batteries that will become end of life is projected to be over 1.1 million tonnes, up from about 200,000 tonnes in 2024. With the continued increase of EVs on our roads, recyclers will have greater access to feedstock material, but that will also mean much more sophisticated and chemistry specific processing methods will need to be developed due to the increasing are currently available.

For instance, the ReCell Centre at the United States Department of Energy is currently partnering with industry leaders in developing better disassembly methods, better material recovery, and alternative recycling processes for the growing flux of retired EV batteries.^{[2]US Department of Energy, energy.gov}

Battery manufacturers are moving away from a linear supply chain model and towards a circular economy model that allows for reclaimed materials to go back into production of batteries. The increasing demand for critical minerals, the desire to be sustainable and the need to comply with regulations are driving battery manufacturers to use recycled lithium, nickel, cobalt and manganese in future batteries. In turn, recyclers that produce battery grade materials will evolve into strategic partners of battery manufacturer supply chains versus traditional waste processors.

There are several organizations, including the European Battery Alliance (EBA) and Batteries Europe, that are actively facilitating this transition by promoting circular value chains for batteries through their initiatives, while the EU Battery Regulation encourages manufacturers to use recycled content and traceability of batteries. For example, Batteries Europe has identified battery recycling and integration of recycled content as two of their primary objectives to achieve a sustainable European battery ecosystem.

More investment is being made by governments into battery recycling and critical mineral recovery infrastructure. There are programs under the Inflation Reduction Act and the Bipartisan Infrastructure Law of the U.S., as well as the Critical Raw Materials Act from the European Commission, which are helping develop recycling and refining facilities for lithium, cobalt, and nickel extraction.

This phenomenon has led to increased commercialization of high-end technologies related to recycling, lowered risks of investments, and ensured supply security. The IEA and the European Commission have continued recognizing battery recycling as one of the approaches that help achieve future demands for critical minerals. For example, the Critical Raw Materials Act provides that not less than 15% of the EU’s strategic raw material consumption should be sourced through recycling by 2030.^{[3]European Commission, ec.europa.eu}

With the increasing adoption of Lithium Iron Phosphate (LFP) batteries, a new category is developing within the battery recycling market. In 2024, LFP batteries made up approximately 40% of global shipments of EV batteries, they comprised roughly 25% in 2020. Conventional recycling economics are less attractive for LFP batteries due to the absence of cobalt and nickel, unlike their NCA and NMC counterparts.

With an increase in the number of end-of-life LFP batteries, the recyclers would definitely consider building up their skills and expertise in the recycling process of these batteries. The trade groups like Batteries Europe and the International Energy Agency (IEA) have recommended that chemistry specific recycling solutions be developed to meet the future demands of waste battery management and material recovery. As per the report by IEA, the fast-paced adoption of LFP batteries has led to high demands for lithium recovery recycling solutions and not of cobalt and nickel.^{[4]International Energy Agency, iea.org}

Electric Vehicle Battery Recycling and Material Recovery Market Analysis

Based on recycling process, the electric vehicle battery recycling and material recovery market is divided into hydrometallurgical, pyrometallurgical, direct recycling and pre-processing & black mass production. The pre-processing & black mass production segment dominated the market with market share of around 39.5% and generating revenue of around USD 1.4 billion in 2025.

• In 2025, preprocessing & black mass production represented the largest share of the market, primarily driven by the increasing volumes of End of Life Batteries and Manufacturing Scrap entering the Recycling Stream. This process involves collecting, sorting, discharging, dismantling, shredding and separating batteries to create black mass products containing valuable materials such as Lithium, Nickel, Cobalt and Manganese.
• According to the International Energy Agency (IEA), further increases in Electric Vehicle adoption will drive up the total volume of waste batteries, thereby increasing the need for both preprocessing facilities and black mass production operations.
• Hydrometallurgical processing accounted for 34.8% of the market value of the Electric Vehicle (EV) Battery Recycling and Material Recovery Market in 2025 generating revenue of around USD 1.2 billion in 2025. It is expected to experience strong growth throughout the forecast period. This process is gaining popularity because it recovers high purity Lithium, Nickel, Cobalt and Manganese suitable for use in battery grade applications.
• Leading industry organizations such as Batteries Europe and the European Battery Alliance (EBA) have identified hydrometallurgical recycling as a key technology in developing sustainable circular battery supply chains and fulfilling future recycled content obligations outlined in the EU Battery Regulation Document.
• Investments are being made in both areas due to a growing emphasis on critical mineral recovery, secure supply chains, as well as circular economy initiatives. The preprocessing facilities are growing to support the growth of battery volumes and to supply black mass feedstock. Hydrometallurgical operators are investing in advanced recovery technologies so that they can enhance material purity and recovery efficiencies as they recycle the batteries as they are retired and experience growth globally, both areas will be the foundational sections of the EV battery recycling and material recovery value chain.

Based on battery chemistry, the market is divided into under Lithium-Ion (Li-ion), Nickel-Metal Hydride (NiMH), Lead-Acid and others. The Lithium Ion (Li-ion) segment dominated the market with market share of around 79.3% and generating revenue of around USD 2.8 billion in 2025.

• The Lithium Ion (Li-Ion) batteries continued to hold a dominating share in the year 2025, with passenger automobiles, buses, and commercial vehicles serving as their most common applications. Some of the battery chemistries that belong to the above category include NMC, LFP, NCA, and LMO, all of which contain minerals such as Lithium, Nickel, Cobalt, and Manganese. There has been growing need for recycling and material recovery because of increased rates of EV adoption around the world and the number of Li-Ion Batteries which will need some form of recycling and material recovery process.
• According to the IEA, Li Ion batteries maintain a predominant presence in the overall global EV deployment picture, which means that Li Ion batteries will continue to provide the largest opportunity for recyclable battery materials.
• Lead Acid Batteries made up the remaining balance of the market for EV Batteries in 2025 and are continuing to be utilized in various forms of auxiliary vehicle systems, industrial machinery and equipment, and certain low speed form of electric vehicles. This segment of the battery market has an already established collection and recycling network with lead recovery rates of > 95% in mature markets. According to the International Lead Association (ILA), lead acid batteries are one of the most recycled consumer products globally, because of well-established regulatory support and closed loop recycling systems.
• As the adoption of EVs continues to increase, the market will shift to more lithium ion battery solutions, as they offer more economically viable solutions for recycling and material recovery activities. Resource security, the circular economy, and sustainable battery recycling have given increased importance to both segments. Lithium ion batteries are driving new markets because of the increase in EV sales and the need to recover critical minerals. Lead-acid batteries are also helping with mature recycling networks and high material recovery rates.

Based on material recovery, the market is divided into lithium, cobalt, nickel, manganese, copper and others. The nickel segment dominated the market with market share of around 35% and generating revenue of around USD 1.2 billion in 2025.

• Nickel held the largest portion of the electric vehicle battery recycling and material recovery market in 2025 because there are so many uses for the metal in high energy density batteries (in NMC and NCA batteries). The recovered nickel will be used to create new battery cathode materials, which will help the batteries manufacturers reduce their need to rely on primary mining sources. As more electric vehicles are produced and more people want to purchase electric vehicles with longer range batteries, the importance of recovering nickel within the battery recycling value chain is likely to be reinforced according to the International Energy Agency (IEA).
• Cobalt generated approximately USD 1.1 billion in revenue in 2025. Many of the lithium ion batteries have cobalt in them to help improve the stability and performance of the battery, despite the efforts to reduce the amount of cobalt in battery chemistry. As the manufacturers search for sustainable, reliable sources of critical minerals, recovering cobalt from batteries that have reached their end of life is becoming increasingly important. Organizations like IEA and EBA have been encouraging the recycling of cobalt as a key strategy for strengthening battery material supply chains.
• The increasing abundance of end of life EV batteries and increased attention to critical mineral security has resulted in increased investment in technologies that recover nickel and cobalt. As battery recycling infrastructure continues to develop on all continents, nickel and cobalt are expected to play an important role in revenue generation because these materials have a high economic value and are essential for the manufacture of next generation batteries.
• For instance, Umicore has a plant located in Hoboken, Belgium, that can extract nickel and cobalt from used lithium ion batteries to make batteries using those same materials. CATL Brunp Recycling operates out of China and uses recovered nickel/cobalt to manufacture new batteries. All these efforts point to the importance of creating closed loop materials recovery systems to help minimize our need to rely upon primary mining for materials needed to build batteries and help create a battery supply chain that strengthens sustainability.

Based on battery source, the market is divided into under End-of-Life (EoL) EV batteries, manufacturing scrap and defective & recalled batteries. The manufacturing scrap segment accounts for 57.9% in 2025.

• The manufacturing scrap segment contributed a large portion of the market in 2025, due to the rapid growth of battery manufacturing plants around the world, and the increasing number of EVs being produced around the globe. Manufacturing Scrap primarily consists of three types of scrap materials electrode scrap (e.g, cathode and anode electrodes), off specification materials (i.e., not meeting specification), and production waste (e.g., sawdust, drill shavings, etc.) produced during the manufacturing process of batteries. All three of these types of scrap originate from manufacturing processes that yield high amounts of recoverable lithium, nickel, cobalt, and manganese which are relatively clean and known chemical compositions, therefore easier to recycle than end of life batteries.
• The End of Life (EoL) EV batteries segment represented approximately 32.5% of the market in 2025. As the first major wave of EoL EV batteries approaches the end of their useful life cycle, this segment is set to accelerate considerably due to significant increases in EV sales over the past ten years, and the expected proportionate increases in the number of EoL batteries being available for recycling will provide a long term source of feedstock for material recovery.
• With the rise in supply of both manufacturing scrap as well as retired EV batteries, the battery recycling value chain has grown. For example, Redwood Materials treats manufacturing scrap collected from battery production sites, while CATL Brunp Recycling extracts high value materials from spent EV batteries and reintegrates those materials back into the production of battery materials. Both activities contribute to critical mineral recovery, lessen the use of virgin raw materials, and advance a circular battery supply chain.
• Participants within the industry are expanding capacity to recycle all battery sources. For example, LiCycle processes scrap generated when batteries are created in production and Fortum is recovering valuable components through its recycling facility for end of life EV batteries in Europe. They help to improve production of critical minerals and foster a circular supply chain of batteries.

The U.S. electric vehicle battery recycling and material recovery market reached USD 320.8 million in 2025 and is expected to witness strong growth during the forecast period 2026-2035.

• The Bipartisan Infrastructure Law (BIL) and the Inflation Reduction Act (IRA) still play a significant role in encouraging the development of recycling and recovery of critical minerals at home through funding and incentives for manufacturers. According to the U.S. Department of Energy (DOEs), such measures will encourage rapid establishment of battery recycling plants and creation of strong domestic supply chains for lithium, nickel, cobalt, and others battery parts.
• The expansion of electric vehicle (EV) manufacturers and battery gigafactories in the U.S. is providing increased amounts of manufacturing scrap and end of life batteries that can be recycled. For example, Redwood Materials and American Battery Technology Company (ABTC) are both expanding their battery recycling and material recovery activities to help fulfill the increasing demand for raw materials that meet battery grade specifications and reduce the U.S.'s reliance on imports of these critical minerals.

The North America region is valued at USD 385 million in 2025. The market for electric vehicle battery recycling and material recovery market is expected to grow at the CAGR of 29.4% from 2026 to 2035.

• Rising adoption of electric vehicle (EV) around North America, the end of life (EOL) batteries will need to be recycled. There is already a large volume of EOL battery waste currently in the U.S. and Canada. In fact, the total amount of batteries that will need to be recycled will grow significantly in volume over the next 10 years due to the predicted growth in EVs by the IEA and the DOE.
• Canada is playing a pivotal role in developing battery recycling through investments into processing of critical minerals and hydrometallurgical recycling solutions. Companies like Lithion Technologies are focused on providing advanced battery recycling capabilities to be aligned with Canada’s Critical Mineral Strategy and the principles of a circular economy.
• The developments in battery recycling regulations, growth in battery manufacturing investments, and the need for a reliable source of critical minerals will continue to drive the North American battery recycling market. This growth draws investment by recyclers, battery manufacturers, and automotive OEMs who are looking to enhance the security of their battery supply chains and provide sustainable solutions.

The Europe region holds 18.8% of the electric vehicle battery recycling and material recovery market in 2025 and is expected to grow at a CAGR of 32.9% between 2026 and 2035.

• The establishment of the EU Battery Regulation (2023/1542) is driving organic growth in this sector as it imposes various new regulations related to the use of recycled content in batteries, battery traceability, carbon emissions measurement and efficiency standards for recycling. With the new Battery Regulation in place (which was approved by the European Parliament as of March 10th, 2015), the European Commission and the European Battery Alliance are urging European governments to follow suit by providing tax credits for recycling activities and helping infrastructure for battery recycling to be developed throughout Europe.
• Germany is projected to be the largest market within the region, producing USD 239.1 million in revenue in 2025. Continued strong growth in this market is supported by Germany investment into state of the art recycling facilities and the development of circular battery supply chains.
• For example, the investment in Cylib's factory, that is set to establish the first industrial-scale battery recycling plant in Europe based on lithium ion phosphate batteries, has given them an amount of EUR 63.4 million as of December 2025. Also, the expansion of the Volkswagen Salzgitter Plant is already taking place to manufacture closed-loop batteries.
• An increase in the number of partnerships between recyclers/battery manufacturers/material suppliers is assisting with the growth rates of this developing market. For example, at the end of April 2026, the UK based battery recycler Altilium received GBP 18.5 million from the UK's DRIVE35 Scaleup Fund for the establishment of a commercial battery recycling facility.
• Also, BASF and REMONDIS have formed a partnership to collaborate on dismantling/sorting/disposal of batteries and to recover critical metals from these batteries. The continued establishment of partnerships between battery manufacturers/recyclers/material suppliers will further strengthen the European battery recycling ecosystem and create a more sustainable supply chain for batteries in the long run.

The Asia Pacific electric vehicle battery recycling and material recovery market dominated the global market in 2025, accounting for approximately USD 2.4 billion, representing 67.5% of global market revenue.

• The Asia Pacific region remains the leader of the world's battery recycling market due to China’s dominance in EVs, batteries' production, and recycling processes. Most of the revenue of the region from the battery recycling came from China, as it represents the largest EV fleet in the world (about 40 million cumulative sales of battery EVs and PHEVs up to 2024) and CATL Brunp Recycling's yearly total processing capacity of more than 120 thousand tons in Ningde, Ganzhou, and Yichun.
• The MIIT's revision of battery recycling management measures in 2023 extends mandatory take-back liability to the manufacturers of the EV batteries and sets requirements for traceability of the process; the MIIT's digital material passport using blockchain technology for the whole lifecycle of batteries is the most developed one at the moment of implementation on the country-wide level and is used as an example for the EU regulation 2023/1542 of digital battery passport.

China generated approximately USD 1.9 billion in revenue in 2025, accounting for 53.8% of the global EV battery recycling market.

• The leadership of the nation has strong support from the largest electric vehicle fleet in the world and extensive battery manufacturing base, as well as aggressive government regulations supporting battery recycling and critical mineral recovery. The Ministry of Industry and Information Technology (MIIT) battery manufacturers are required to participate in battery collection, traceability, and recycling programs therefore supporting the development of a circular economy for batteries in that country.
• The presence of large battery manufacturers and recyclers will continue to positively contribute to the growth of this market. For example, the CATL Brunp Recycling operates recycling plants that can recycle over 120,000 tons of materials each year across multiple plants, while GEM Co. has over 34 recycling and processing facilities throughout China. The materials recovered from these facilities are primarily lithium, nickel, cobalt, and manganese, which are then recycled back into the battery manufacturing value chain and will support China in future to develop a sustainable and self-sufficient battery ecosystem.

The Latin America electric vehicle battery recycling and material recovery market generated approximately USD 55.4 million in 2025 and is expected to witness steady growth during the forecast period.

• The growth of the market in Latin America is supported by the growing adoption of electric vehicles (EVs), increasing investment in battery manufacturing, and the regions strong position in the global supply chain for critical minerals. Brazil, Chile and Argentina are working towards developing sustainable battery value chains and improving how resources are recovered.
• As the largest automaking nation in LatAm, Brazil has developed a robust automotive sector, and EV sales are growing rapidly. There is a large mining industry, and according to IBRAM, there are large deposits of nickel (and other battery minerals) that will create opportunities for primary mineral production and secondary material recovery from recycling.
• Battery manufacturers are currently investing heavily into collecting and recycling batteries so they can secure domestic sources of critical materials. There are many battery recyclers and materials recycling companies looking into lithium ion battery recycling projects in Brazil to be part of the new EV market and reduce the dependency on imported battery materials.

The Middle East & Africa (MEA) electric vehicle battery recycling and material recovery market generated approximately USD 41.9 million in 2025.

• This growth in the market is due to huge investments in electric mobility, energy storage solutions, and the circular economy within the MEA region. The authorities have been striving to build up the required infrastructure to facilitate the energy transition through sustainable waste management and critical minerals extraction.
• The UAE is the leader in the MEA battery recycling market not only due to its ambitions outside the UAE Energy Strategy 2050 but also due to the increased number of electric vehicles (EVs) in order to become the hub for clean energy, battery recycling, and material recovery within the MEA region.
• There have been several investments into building infrastructure to collect and recycle batteries that will help the UAE build a national circular battery value chain. For instance, in January 2026, LOHUM Cleantech has announced the construction of a large-scale EV battery recycling plant in collaboration with the UAE Ministry of Energy and Infrastructure and BEEAH in order to extract lithium, nickel, cobalt and other critical materials from end-of-life EV batteries.

Electric Vehicle Battery Recycling and Material Recovery Market Share

The top 7 companies in the electric vehicle battery recycling and material recovery industry are CATL, Ecobat, GEM, Glencore, Redwood Materials, Umicore, Zhejiang Huayou Cobalt contribute to 72.2% of the market in 2025.

• CATL has one of the largest electric vehicle battery recycling networks in the world through its subsidiary, CATL Brunp Recycling. This network processes manufacturing scrap and spent/defunct batteries at CATL locations in Ningde, Ganzhou and Yichun, with a combined processing capacity of over 120,000 tons per year.
• GEM has over 34 recycling and processing facilities throughout China. Its total processed output is more than 80,000 tons of lithium ion battery materials a year. The Company has supply agreements with Samsung SDI, SK On, and various domestic producers of cathodes for cobalt sulfate and nickel sulfate as well as lithium carbonate for a minimum period of five years.
• Umicore is an expert in battery recycling/technology and sports the most prestigious battery recycling operation (an advanced smelting operation) in Hoboken, Belgium. This plant uses multiple processes including high temperature smelting and hydrometallurgical extraction to create battery grade cobalt, nickel and copper with a very high recovery rate (all three metals).
• Redwood Materials specializes in the recovery and refinement of critical mineral resources from both used batteries and scrap production. Located in Nevada, their state of the art facility combines both recycling and manufacturing to create battery ready materials from used battery materials, thereby creating a closed loop supply chain. In addition, Redwood has a partnership with major automakers and battery manufacturers and is rapidly expanding their battery recycling facilities throughout North America.
• Ecobat opened three new lithium ion battery recycling facilities in April 2025 simultaneously (Darlaston in England, Hettstedt, Germany and Casa Grande, Arizona, US). These facilities develop Ecobat multicontinent processing network for lithium ion batteries designed to collectively process 10,000 tons per year (initial target) and 25,000 t/y (future target).
• Glencore is involved in recovering and processing critical battery materials like cobalt and nickel from existing batteries via their recycling and processing activities located in Canada and Australia. Glencore is engaging in multiple end of life battery recycling programs while using recycled raw materials for its overall critical minerals supply chain, thus facilitating sustainable sources of raw material for batteries.

Electric Vehicle Battery Recycling and Material Recovery Market Companies

Major players operating in the electric vehicle battery recycling and material recovery industry are:

• CATL
• Cylib
• Ecobat
• Fortum
• GEM
• Glencore
• LOHUM Cleantech
• Redwood Materials
• Umicore
• Zhejiang Huayou Cobalt

Market development is being aided through all players to fund the development of their recycling facilities and the recovery of battery grade materials to support a closed loop supply chain for batteries. Both CATL and GEM leverage large-scale recycling operations for the recovery of essential minerals to manufacture batteries, while Redwood Materials emphasizes advanced hydrometallurgical processing and circular battery ecosystems. Umicore is increasingly focused on high purity cobalt and nickel refining, and Ecobat is developing their processing capacity while strengthening their networks for critical mineral recovery. Collectively these companies are helping to contribute to the transition to more sustainable battery manufacturing by improving material recovery rates, improving the security of the supply chain, and decreasing the reliance on virgin materials.

Electric Vehicle Battery Recycling and Material Recovery Industry News

• In April 2026, Altilium announced that it has been awarded £18.5 million in grant funding through the UK government’s DRIVE35 Scale-Up Fund, delivered by the Department for Business and Trade in partnership with the Advanced Propulsion Centre UK (APC) and Innovate UK. The funding will support the construction of Altilium’s new ACT3 recycling facility, the UK’s first commercial refinery for recovery of critical battery materials from end-of-life EV batteries.
• In April 2026, REMONDIS Group entered into a partnership with BASF. Together, the two partners aim to advance the recycling of electric vehicle batteries in Europe. The collaboration includes services such as the professional dismantling and discharging of end-of-life batteries, as well as the processing of spent batteries into so‑called black mass.
• In January 2026, The Ministry of Energy and Infrastructure (MoEI) has announced plans to form a new joint venture with BEEAH, the region’s leading sustainability and innovation pioneer, and LOHUM, India’s largest diversified producer of sustainable critical minerals and advanced materials.
• In December 2025, Cylib secured a €63.4 million grant from the German Federal Ministry for Economic Affairs and Energy (BMWE) to finance the second build-out stage of its Dormagen facility. The funding, awarded through the STARK program, will enable cylib to establish Europe's first dedicated industrial-scale LFP recycling line, doubling total planned facility capacity to 60,000 tons annually equivalent to 140,000 electric vehicle batteries.
• In April 2025, Ecobat announced the successful commissioning of three cutting-edge lithium-ion battery recycling facilities within just one year. Located in Hettstedt, Germany; Casa Grande, Arizona; and Darlaston, England, these facilities are now fully operational, contributing significantly to the global transition to a circular battery economy. Together, the three plants are capable of processing up to 10,000 tons of lithium-ion batteries annually, with plans to scale capacity to 25,000 tons.

The electric vehicle battery recycling and material recovery market research report includes in-depth coverage of the industry with estimates & forecasts in terms of revenue ($ Mn/Bn) and volume (Metric Tons) from 2026 to 2035, for the following segments:

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Market, By Recycling Process

• Hydrometallurgical
• Pyrometallurgical               
• Direct Recycling
• Preprocessing & Black Mass Production                                   

Market, By Battery Chemistry

• Lithium Ion (Li-ion)            
  • NMC (Nickel Manganese Cobalt)
  • LFP (Lithium Iron Phosphate)
  • Others
• Nickel Metal Hydride (NiMH)          
• Lead Acid      
• Others                              

Market, By Material Recovery

• Lithium         
• Cobalt
• Nickel           
• Manganese   
• Copper
• Others

Market, By Battery Source

• End-of-Life (EoL) EV Batteries       
• Manufacturing Scrap
• Defective & Recalled Batteries                                      

The above information is provided for the following regions and countries:

• North America
  • US
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Netherlands
  • Sweden
  • Norway
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
  • Indonesia
  • Thailand
  • Vietnam
  • Malaysia
• Latin America
  • Brazil
  • Mexico
  • Chile
  • Argentina
• MEA
  • UAE
  • Saudi Arabia
  • South Africa