Introduction
The global battery material recycling market was valued at approximately US$ 10.6 billion in 2021 and is projected to reach US$ 17.77 billion by 2028, representing a compound annual growth rate (CAGR) of around 7.6% between 2022 and 2028 according to stratview research . This global battery material recycling market addresses the reclamation of valuable metals and materials — such as lithium, cobalt, nickel, manganese and other elements — from spent batteries, thereby reducing reliance on virgin mining and mitigating environmental impact.

Key Features

• Recycling processes recover critical battery-grade materials, offering a circular-economy solution for battery supply chains.
• The market benefits from growing volumes of end-of-life batteries emerging from consumer electronics, electric vehicles (EVs), and energy storage systems.
• Recycling reduces waste, lowers environmental footprint, and supports resource conservation by reintroducing recovered materials back into the manufacturing cycle.

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Applications
Recycled battery materials are primarily used for:

• Manufacturing new batteries for EVs, portable electronics, and stationary energy storage systems.
• Supplying raw materials and components to battery-manufacturers and original equipment manufacturers (OEMs).
• Serving as feedstock for broader industrial uses where battery-grade metals are required.

Trends

• Rapid adoption of EVs and expansion of energy storage systems have driven rising demand for battery materials, boosting recycling volumes.
• Increasing regulatory and corporate commitment to sustainability and circular-economy practices encourages resource recovery rather than disposal.
• Technical advancements — such as hydrometallurgical and pyrometallurgical processes, and emerging direct-recycling techniques — are improving material recovery rates and reducing processing costs.

Opportunities

• Expansion of global recycling infrastructure, especially in regions with high battery production and usage, presents large-scale potential.
• Adoption of closed-loop supply chains — with partnerships among battery manufacturers, recyclers, and OEMs — can ensure recycled materials flow seamlessly back into production.
• As the volume of end-of-life batteries increases, economies of scale can make recycling more cost-effective and commercially viable.
• Policy frameworks promoting sustainability and circular supply chains can further accelerate growth and adoption of recycling practices.

Conclusion
The battery material recycling market stands at a pivotal moment. With battery adoption increasing across EVs, consumer electronics, and energy storage, and with growing pressure to manage resources sustainably, recycling offers significant environmental and economic value. As recycling technologies mature and stakeholders embrace circular supply chains, battery recycling is poised to become a foundational component of the global battery ecosystem — ensuring resource security, reducing waste, and supporting sustainable growth.