Electric Vehicle Battery Recycling Industry Size, Share, Growth, Analysis Forecast to 2025

1. Electric Vehicle Battery Recycling Industry
Research Report By Forecast 2025
IndustrySurvey, Growth, Competitive Landscape
and Forecasts to 2025
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Electric Vehicle Battery Recycling Industry Forecast To 2025
• Batteries, such as Lithium-Ion (Li-ion), lead-acid, and nickel-metal hydride batteries, play an important role in the
propulsion of battery, hybrid, and other electric vehicles. However, battery disposal is becoming an environmental
challenge due to the presence of various toxic metals and chemicals into vehicle batteries. Hence, battery
recycling helps conserve the environment and the earth’s natural resources and fulfills the demand-supply gap of
batteries for electric vehicles globally.
• Factors such as the growing demand for e-vehicles, increasingly stringent regulations regarding the fuel economy
with limited greenhouse emissions, and rising disposable income drive the market growth.
Electric Vehicle Battery Recycling Industry Forecast To 2025

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Electric Vehicle Battery Recycling Industry Forecast To 2025
• However, increasing demand for eco-friendly batteries and developing high-yield processes to recycle next-
generation batteries are expected to provide promising opportunities to the market players.
• Government initiatives are also promoting the adoption of electric vehicles globally. For instance, in September
2017, the Indian Ministry of Road Transport and Highways announced a list of non-fiscal incentives to ensure that
electric vehicles account for 15% of total vehicle sales in the country over the next five years.
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Electric Vehicle Battery Recycling Industry Forecast To 2025
Global Electric Vehicle Battery Recycling Industry Segmented on the basis of
The market is estimated to reach around USD 3 Billion by 2025 and is segmented based on battery type,
process, vehicle type, and region. On the basis of type, the global market has been segmented into lead
acid, lithium-ion, and others. On the basis of process, the global market has been segmented into
pyrometallurgical, hydrometallurgical, and others. On the basis of application, the global market has been
segmented into passenger car and commercial vehicle.
Asia-Pacific is estimated to hold the largest market share during the forecast period owing to the
development of electric vehicle battery recycling industry, establishing aftermarket facilities for electric
vehciles. Moreover, a growing population and the rising battery disposable income are expected to boost
the demand for electric vehicle battery recycling in this region. In Asia-Pacific, China held the largest share
and is projected to grow at a rapid pace during the forecast period due to presence of large consumer
base and strengthing economy.

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Electric Vehicle Battery Recycling Industry Forecast To 2025
Global Electric Vehicle Battery Recycling Industry - Geographical Analysis
• Europe is estimated to grow at a significant rate in Electric Vehicle Battery Recycling Industry during the
forecast period owing to the presence of key players, such as ACCUREC Recycling GmbH (Germany), G & P
Batteries (UK), and Recupyl (France) are contributing in the growth of this market.
• In North America, the presence of major battery recycling players, such as Battery Solutions and American
Manganese Inc. and the growing demand for emission free vehicles are set to drive the market growth across
the region. In North America, the US held the largest share of Electric Vehicle Battery Recycling Industry and is
projected to grow at a rapid pace during the forecast period. The growth is attribute to the stringent vehicle
emission regulations such as the US Environmental Protection Agency (EPA) and the Department of
Transportation’s National Highway Traffic Safety Administration (NHTSA). These standards enhance the
demand for electric vehicles, which in turn drives the growth of electric vehicle battery recycling.
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Electric Vehicle Battery Recycling Industry Forecast To 2025
Global Electric Vehicle Battery Recycling Industry - Competitive Analysis
• The prominent players operating in the Global Electric Vehicle Battery Recycling Industry are Umicore N.V..
(Belgium), ACCUREC Recycling GmbH (Germany), American Manganese Inc. (Canada), Battery Solutions (US), Li-
Cycle Corp. (Canada), G & P Batteries (UK), Recupyl (France), Retriev Technologies (US), Australian Battery
Recycling Initiative (Australia), and Snam S.p.A. (Italy).
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recycling-market-8326

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