Battery Recycling Market Size To Reach $43.47 Billion By 2033

Battery Recycling Market Growth & Trends

The global battery recycling market size is estimated to reach USD 43.47 billion by 2033, registering a CAGR of 37.7% from 2026 to 2033, according to a new report by Grand View Research, Inc. Technological advancements in the recycling industry are making battery recycling more efficient and cost-effective, which is another factor contributing to the growth of the market. An increase in the adoption of smartphones, electric vehicles, and other consumer electronics has led to an increase in the use of batteries. This has increased the number of end-of-life batteries, presenting new opportunities for recycling companies

The industrial segment is expected to witness substantial growth over the next few years, due to the growing demand for high-power range systems. Increasing trend of the adoption of UPS systems as an essential power-backup device is expected to favorably impact the market growth over the forecast period.

Enterprises deploy their data center facilities to meet data and network necessities. Interruption of power supply to these facilities can result in the loss of essential data, thereby decreasing the overall productivity and resulting in financial losses. The installation of UPS systems is one of the best ways to prevent unwanted losses. These factors are likely to increase the demand for UPS systems over the coming years, which, in turn, is anticipated to propel the demand for battery recycling in coming years.

Asia Pacific has been witnessing significant growth on account of the increasing number of manufacturing facilities, commercial offices, banks, MROs, and R&D centers in major countries like China, Australia, Japan, India and South Korea. The inception of new facilities and the expansion of existing battery recycling facilities owing to favorable government policies and foreign direct investments are likely to cater the growth battery recycling in the region.

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Battery Recycling Market Report Highlights

• Based on source, the manufacturing scrap segment accounted for the largest revenue share of 55.2% in 2025, driven by the high volume of production waste generated during battery cell and pack manufacturing.

• Based on battery type, the lead-acid battery segment held the largest revenue share of 77.5% in 2025, supported by its well-established recycling infrastructure and high collection rates across automotive, industrial, and backup power applications.

• Based on recycling method, the pyrometallurgy segment accounted for the largest revenue share of 45.6% in 2025, driven by its widespread adoption and ability to process mixed and contaminated battery streams at scale.

• The Asia Pacific battery recycling market held the largest revenue share of 41.7% in 2025, driven by the concentration of battery manufacturing hubs and EV production across China, Japan, South Korea, and India.

Battery Recycling Market Segmentation

Grand View Research has segmented the global battery recycling market report on the basis of source, battery type, recycling method, and region:

Battery Recycling Source Outlook (Volume, Tons; Revenue, USD Million, 2021 - 2033)

• Manufacturing Scrap

• Automotive

• Consumer Electronics

• Others

Battery Recycling Battery Type Outlook (Volume, Tons; Revenue, USD Million, 2021 - 2033)

• Lead-Acid

• Lithium-ion

• Nickel

• Others

Battery Recycling Recycling Method Outlook (Volume, Tons; Revenue, USD Million, 2021 - 2033)

• Pyrometallurgy

• Hydrometallurgy

• Direct Recycling

• Others

Battery Recycling Regional Outlook (Volume, Tons; Revenue, USD Million, 2021 - 2033)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • UK

  • France

  • Norway

  • Poland

• Asia Pacific

  • China

  • India

  • Japan

  • South Korea

• Latin America

  • Brazil

  • Argentina

• Middle East & Africa

  • Saudi Arabia

  • UAE

  • South Africa

List of Key Players of the Battery Recycling Market

• American Battery Technology Company

• Aqua Metals

• Call2Recycle

• Cirba Solutions

• East Penn Manufacturing Co.

• Ecobat

• Glencore Battery Recycling

• Gopher Resource

• Gravita India

• Umicore