Battery Recycling Market Booms
Update: 2025-12-05
Description
The global battery recycling market is projected to surge from $23.29 billion in 2021 to nearly $78 billion by 2032, driven by the shift to electric vehicles and renewable energy. However, the industry faces challenges such as price fluctuations and infrastructure development. The circular battery economy, crucial for national security due to limited raw material supply, is expected to grow by over 16% annually. By 2030, 1.4 million tons of electric vehicle battery waste will enter the recycling stream, increasing to 8 million tons by 2040. Despite short-term hurdles, government policies like the Inflation Reduction Act in the US are driving market growth, particularly in the black mass market.
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