Battery Recycling Market Share, Size, Global Trends, Forecast Till 2030 – Delvens

The global Battery Recycling market size was estimated at USD 24.84 billion in 2023 and is projected to reach USD 51.2 billion in 2030 at a CAGR of 10.9% during the forecast period 2023-2030.

The realm of battery recycling involves the collection, processing, and extraction of valuable materials from used batteries, while also aiming to minimize the environmental impact. This encompasses a variety of battery types, ranging from those utilized in automobiles (such as electric vehicles), to portable electronics (such as smartphones and laptops), to energy storage systems (such as those implemented in renewable energy installations). The primary goal of the worldwide battery recycling market is to decrease the disposal of batteries within landfills or incineration facilities, as improper disposal can result in environmental pollution and health hazards due to the presence of toxic chemicals and heavy metals. Instead, the emphasis is placed on recovering valuable elements like lithium, cobalt, nickel, lead, and other metals through smelting, hydrometallurgical techniques, and mechanical separation.