Asia Pacific Battery Recycling Market
Asia Pacific Battery Recycling Market by Chemistry (Lead Acid, Nickel, Lithium), Material (Metals, Electrolytes, Plastics), Source (Automotive, Industrial, Consumer and Electronics), Processing State, Recycling Process, and Country - Forecast to 2030
OVERVIEW
Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis
The Asia Pacific battery recycling market is projected to grow from USD 12.47 billion in 2025 to USD 20.01 billion by 2030, at a CAGR of 9.9% during the forecast period. The Asia Pacific battery recycling market is growing rapidly, fueled by rising electric vehicle adoption, stricter environmental regulations, and increasing demand for critical minerals. Led by China, Japan, South Korea, and India, the region is expanding advanced recycling infrastructure to recover lithium, cobalt, and nickel, reducing import dependence and promoting a circular economy.
KEY TAKEAWAYS
-
BY COUNTRYIndia is expected to register the highest CAGR of 12.7% during the forecast period.
-
BY CHEMISTRYBy chemistry, the lithium-based battery segment accounted for a 51.9% market share in 2024.
-
BY SOURCEBy source, the automotive segment is expected to register the highest CAGR of 10.5% during the forecast period.
-
BY PROCESSING STATEBy processing state, extraction of materials is expected to dominate the overall market.
-
BY RECYCLING PROCESSBy recycling process, lithium-ion battery recycling process is expected to dominate the overall market.
-
BY MATERIALBy material, the metals segment is expected to dominate the market.
-
Competitive Landscape - Key PlayersContemporary Amperex Technology Co., Limited (CATL), GEM Co., Ltd., and Exide Industries Ltd. were identified as some of the star players in the Asia Pacific battery recycling market due to their strong market share and product footprint.
-
Competitive Landscape - StartupsEnvirostream Australia Pty Ltd., Lohum, and others have distinguished themselves among startups and SMEs by securing strong footholds in specialized niche areas, underscoring their potential as emerging market leaders.
The Asia Pacific battery recycling market is witnessing robust growth fueled by the rapid adoption of electric vehicles, expanding deployment of energy storage systems, and the surging volume of end-of-life lithium-ion and lead-acid batteries entering the recycling stream. Supportive government initiatives across China, Japan, South Korea, and India for battery recycling are driving the market in the region.
TRENDS & DISRUPTIONS IMPACTING CUSTOMERS' CUSTOMERS
The impact on consumers' businesses arises from evolving customer trends or market disruptions. The growth of end-use industries, such as automotive batteries, industrial batteries, consumer & electronics batteries, energy storage system (ESS) batteries, leads to the growing demand for battery recycling. These megatrends are expected to drive growth and increase the revenue of the market.
Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis
MARKET DYNAMICS
Level
-
Rise in Energy Storage Systems (ESS)
-
Rapid Electric Vehicle (EV) Adoption
Level
-
Safety and Handling Concerns
Level
-
Growing Adoption of Lithium-Ion Batteries Driven by Price Decline
Level
-
High Capital Investment
Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis
Driver: Rapid Electric Vehicle (EV) Adoption
The rapid adoption of electric vehicles (EVs) across Asia Pacific is one of the strongest growth drivers for the market. Countries such as China, Japan, South Korea, and India are leading EV manufacturing and sales, resulting in a growing volume of end-of-life batteries entering the recycling stream. Governments are implementing Extended Producer Responsibility (EPR) policies and mandating OEMs to establish recycling networks, which has accelerated the creation of closed-loop systems. As EV penetration rises, the need for sustainable sourcing of critical minerals like lithium, nickel, and cobalt is pushing manufacturers to invest in recycling to secure local supply and reduce import dependence. This trend not only strengthens regional resource security but also supports carbon neutrality and circular economy goals outlined in national sustainability agendas.
Restraint: Safety and Handling Concerns
Safety and handling challenges pose a major restraint to the industry. The recycling of lithium-ion batteries involves risks such as thermal runaway, fire, and toxic gas emissions, particularly during collection, transportation, and disassembly stages. In many developing markets like India, Indonesia, and Vietnam, recycling facilities lack standardized safety infrastructure, trained personnel, and automated dismantling systems, increasing the likelihood of workplace accidents and environmental hazards. Regulatory enforcement remains inconsistent across the region, with smaller recyclers often operating informally without adequate compliance mechanisms. As a result, maintaining safe and efficient recycling operations requires heavy investment in advanced mechanical separation, inert atmosphere processing, and worker training programs, which smaller firms may find challenging to sustain.
Opportunity: Growing Adoption of Lithium-Ion Batteries Driven by Price Decline
The steady decline in lithium-ion battery prices presents a major opportunity for the Asia Pacific battery recycling market. As costs fall, lithium-ion batteries are increasingly used in electric vehicles, energy storage systems, and consumer electronics. This rapid adoption is expected to generate a surge in end-of-life batteries and production scrap, creating abundant feedstock for recyclers. Recycling firms can leverage this trend to expand capacity, form partnerships with OEMs, and recover critical materials such as lithium, cobalt, and nickel more efficiently. The growing battery base also strengthens the economic case for closed-loop recycling, supporting regional supply security and advancing Asia Pacific’s circular economy and sustainability objectives.
Challenge: High Capital Investment
High capital investment requirements continue to be a significant challenge in the Asia Pacific battery recycling market. Establishing advanced hydrometallurgical and pyrometallurgical recycling plants demands substantial upfront costs for technology acquisition, emissions control, and regulatory compliance. SMEs and new entrants face difficulties securing financing due to long payback periods and uncertain volumes of recoverable material. Additionally, fluctuating global metal prices affect profitability, deterring private investment. To address this, regional governments are beginning to introduce subsidies, green financing programs, and joint ventures with major OEMs to reduce the financial burden and accelerate industrial-scale recycling infrastructure development.
ASIA PACIFIC BATTERY RECYCLING MARKET: COMMERCIAL USE CASES ACROSS INDUSTRIES
| COMPANY | USE CASE DESCRIPTION | BENEFITS |
|---|---|---|
 |
It operates integrated battery recycling and materials recovery programs across China, focusing on end-of-life EV batteries and production scrap. CATL runs closed-loop recycling with OEMs, enabling collection, dismantling, chemical recovery, and reuse of critical materials such as lithium, nickel, and cobalt. | Strengthens China’s circular battery ecosystem, ensures a stable supply of high-purity recycled materials for new battery manufacturing, reduces raw-material import dependence, and supports national sustainability and carbon-reduction goals |
 |
It provides large-scale recycling of lithium-ion, nickel-metal hydride, and cobalt-containing batteries across Asia Pacific. GEM manages collection networks, advanced physical and chemical processing, and re-manufactures cathode materials reused by major EV battery producers. | Recovers valuable metals with high yield, reducing environmental waste and mining intensity; Supports EV supply chain resilience by supplying recycled NCM precursor materials, lowering cost and improving sustainability for battery manufacturers |
 |
It specializes in large-scale lead-acid battery recycling and is expanding capabilities for lithium-ion recycling in India. It operates collection centers, smelting units, and metal-refining facilities that support automotive, industrial, and UPS/backup-power sectors. | Promotes responsible recycling with high recovery rates of lead and lithium materials, reduces hazardous waste mismanagement, ensures consistent material supply for domestic battery production, and strengthens compliance with India’s Battery Waste Management Rules |
 |
It processes lithium-ion and cobalt-bearing battery scrap through regional collection networks in Asia Pacific, supplying feedstock to its global smelting and refining operations. It works with automotive and electronics OEMs for safe battery handling and material recovery. | Enables secure sourcing of critical minerals such as cobalt, nickel, and copper through high-efficiency recovery; Supports OEMs in meeting circular-economy objectives and reduces dependence on primary mining by integrating APAC scrap into closed-loop recycling pathways |
 |
It operates lithium-ion battery recycling facilities across Singapore, China, and South Korea. It focuses on EV battery packs, energy-storage units, and manufacturing scrap, utilizing hydrometallurgical processing to extract high-purity lithium, nickel, and cobalt. | Supports sustainable EV growth in Asia Pacific by supplying recycled battery-grade metals, reducing environmental impact of battery disposal, enhancing material security for regional manufacturers, and enabling cleaner, lower-carbon supply chains |
Logos and trademarks shown above are the property of their respective owners. Their use here is for informational and illustrative purposes only.
MARKET ECOSYSTEM
The Asia Pacific battery recycling ecosystem consists of raw material suppliers (e.g., LG Energy Solution, Volvo, and others), producers (e.g., CATL, Exide Industries Ltd., Glencore, SK Tes), distributors (e.g., Brenntag N.V., Riverland Trading), and end users (e.g., Saif Powertec, Rahimafrooz, and others).
Logos and trademarks shown above are the property of their respective owners. Their use here is for informational and illustrative purposes only.
MARKET SEGMENTS
Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis
Asia Pacific Battery Recycling Market, By Chemistry
Lithium-based batteries is poised to be the fastest-growing segment in the overall market, driven by their widespread deployment across electric vehicles, consumer electronics, and energy storage installations. The convergence of substantial end-of-life battery volumes with high-value metal recovery potential, particularly lithium, nickel, and cobalt, creates compelling economic incentives for recyclers while aligning with government mandates and OEM strategies to ensure critical material security and advance circular economy initiatives.
Asia Pacific Battery Recycling Market, By Source
The automotive sector is expected to be the fastest-growing segment in the market, driven by accelerating electric and hybrid vehicle deployment combined with tightening end-of-life vehicle regulations across China, Japan, South Korea, and India. The substantial volume and weight of automotive traction batteries, coupled with their high metal content and stringent compliance mandates for collection and treatment, position automotive battery streams as recyclers' primary focus, establishing this segment as the dominant source of regional recycling volumes and revenue.
REGION
India to be fastest-growing country in Asia Pacific battery recycling market during forecast period
India is emerging as the fastest-growing country in the Asia Pacific battery recycling market. The Indian automotive industry is a major contributor to the country's economy. The increasing need for cleaner energy and various initiatives taken by the government (for the environment by supporting electric vehicles in the country) are driving the market for battery recycling in India. The country's rapid population growth has also increased demand for automotive and consumer electronics products. Implementation of new solar projects and smart city projects and expansion of telecommunication infrastructure are also increasing the demand for battery recycling in the country. By chemistry, the lead-acid segment led the battery recycling market in India.
ASIA PACIFIC BATTERY RECYCLING MARKET: COMPANY EVALUATION MATRIX
In the Asia Pacific battery recycling market matrix, CATL (Star) leads with its integrated supply chain to maximize market reach and product diversification. Players under the Stars category primarily focus on new service & technology launches, as well as acquiring leading market positions through the provision of broad portfolios, catering to different requirements of customers. They are also focused on innovations and are geographically diversified. They also have broad industry coverage. Apart from that, they have strong operational and financial strength and endeavor to grow organically and inorganically in the market. Gravita (Emerging Leader) has a strong potential to build strategies to expand its business and stay on par with the star players. However, emerging leaders have not adopted effective growth strategies for their overall business.
Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis
KEY MARKET PLAYERS
- Contemporary Amperex Technology Co., Limited (CATL) (China)
- GEM Co., Ltd. (China)
- Exide Industries Ltd. (India)
- Glencore (Switzerland)
- SK Tes (Singapore)
- Gravita India Ltd. (India)
- Shenzhen Highpower Technology Co., Ltd. (China)
- Tata Chemicals Limited (India)
- Envirostream Australia Pty Ltd. (Australia)
- Neometals Ltd. (Australia)
- East Penn Manufacturing Company (US)
- Umicore (Belgium)
- Lohum (India)
MARKET SCOPE
| REPORT METRIC | DETAILS |
|---|---|
| Market Size in 2024 (Value) | USD 12.18 BN |
| Market Forecast in 2030 (Value) | USD 20.01 BN |
| CAGR (2025–2030) | 9.9% |
| Years Considered | 2018–2030 |
| Base Year | 2024 |
| Forecast Period | 2025–2030 |
| Units Considered | Value (USD Billion) |
| Report Coverage | Revenue forecast, competitive landscape, growth factors, and trends |
| Segments Covered | By Processing State (Extraction of Material, Reuse, Repackaging & Second life, and Disposal) |
| Countries Covered | Australia, China, India, Indonesia, Japan, Malaysia, South Korea, Taiwan, Thailand, and Rest of Asia Pacific |
WHAT IS IN IT FOR YOU: ASIA PACIFIC BATTERY RECYCLING MARKET REPORT CONTENT GUIDE
DELIVERED CUSTOMIZATIONS
We have successfully delivered the following deep-dive customizations:
| CLIENT REQUEST | CUSTOMIZATION DELIVERED | VALUE ADDS |
|---|---|---|
| Support in planning end-of-life EV battery recovery and closed-loop recycling | We mapped EV battery retirement forecasts across China, Japan, South Korea, and India, analyzed chemistry-specific recycling economics (LFP, NMC, NCA), and identified optimal reverse-logistics networks. The study benchmarked regional EPR and recycling mandates and assessed partnerships between recyclers such as CATL–Brunp, SungEel HiTech–LGES, and Lohum–Tata Motors to design efficient closed-loop systems. | It enabled OEMs to secure domestic supply of critical minerals, mitigate import dependency, and achieve compliance with evolving Asia Pacific sustainability frameworks, reducing long-term material costs while improving ESG scores. |
| Optimize recycling of production scrap and evaluate in-house vs. outsourced recycling | We assessed production scrap generation across battery manufacturing hubs in China, Korea, Japan, and India, comparing economic and environmental performance of in-house pre-processing versus third-party recyclers like GEM Co., EcoPro BM, and Attero. We also mapped government incentives and tax credits supporting domestic recycling investments. | Clients reduced operational waste, improved material recovery yields, and accessed government subsidies and tax incentives for sustainable manufacturing, enhancing cost efficiency and local value retention. |
| Improve recovery and safe handling of small-format Li-ion batteries | We evaluated e-waste and small battery collection networks, analyzed disassembly and sorting infrastructure, and developed safety and compliance frameworks aligning with Korean K-EPR, Japan’s Battery Recycling Law, and India’s Battery Waste Management Rules (2022). Risk assessments were provided for cobalt and manganese-rich chemistries. | It enhanced recycler safety margins, improved compliance with regional e-waste directives, and optimized collection processes, leading to higher recycling throughput and lower incident risks. |
| Assess end-of-life pathways and second-life potential for ESS batteries | We modeled ESS lifecycle scenarios across industrial, telecom, and residential applications, comparing direct recycling versus second-life energy storage. Regional compliance was evaluated with China’s MIIT reuse standards, Japan’s METI circular economy roadmap, and India’s UL/IEC-based ESS safety norms. | Clients identified viable second-life deployment models, extended asset utilization, and ensured readiness for future recycling demand while aligning with Asia Pacific’s energy storage sustainability objectives. |
RECENT DEVELOPMENTS
- April 2023 : Glencore, FCC Ambito (a subsidiary of FCC Servicios Medio Ambiente), and Iberdrola (a renewable energy company) announced their plans to partner to provide lithium-ion battery recycling solutions for Spain and Portugal. The deal includes establishing a battery recycling facility at FCC Ambito, which focuses on the pre-processing of lithium-ion batteries & battery scrap, and the recovery of battery metals.
- February 2023 : CATL, Mercedes-Benz, and GEM Co., Ltd. signed a memorandum of understanding, under which CATL recycles cobalt, nickel, manganese, and lithium metals from spent electric vehicle batteries of Mercedes-Benz and remanufacture them into battery cathode materials. Thus, reproduced batteries are supplied back to Mercedes-Benz, forming a closed-loop value chain.
- March 2022 : Chloride Metals Limited, the subsidiary of Exide Industries, started commercial production at its manufacturing facility of battery recycling in Haldia, West Bengal (India). The total installed capacity of the plant is 1,08,000 MT per annum.
Table of Contents
Exclusive indicates content/data unique to MarketsandMarkets and not available with any competitors.
Methodology
The study involved four major activities in estimating the current market size of battery recycling. Exhaustive secondary research was done to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizes with industry experts across the value chain of battery recycling through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, market breakdown and data triangulation were used to estimate the size of the segments and sub-segments of the market.
Secondary Research
The research methodology used to estimate and forecast the access control market begins with capturing data on revenues of key vendors in the market through secondary research. In the secondary research process, various secondary sources, such as Hoovers, Bloomberg BusinessWeek, Factiva, World Bank, and Industry Journals, were referred to for identifying and collecting information for this study. These secondary sources included annual reports, press releases & investor presentations of companies; white papers; certified publications; articles by recognized authors; notifications by regulatory bodies; trade directories; and databases. Vendor offerings have also been taken into consideration to determine market segmentation.
Primary Research
The Asia Pacific Battery Recycling Market comprises several stakeholders, such as such as battery suppliers, processors, recycling companies, and regulatory organizations in the supply chain. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. Primary sources from the supply side included industry experts such as Chief Executive Officers (CEOs), vice presidents, marketing directors, technology and innovation directors, and related key executives from various key companies and organizations operating in the battery recycling industry. Primary sources from the demand side included directors, marketing heads, and purchase managers from various sourcing industries. Following is the breakdown of the primary respondents:
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
Both the top-down and bottom- up approaches were used to estimate and validate the total size of the battery recycling industry. These methods were also used extensively to determine the size of various sub-segments in the market. The research methodology used to estimate the market size included the following:
- The key players were identified through extensive primary and secondary research.
- The value chain and market size of the Asia Pacific Battery Recycling Market, in terms of value, were determined through primary and secondary research.
- All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.
- All possible parameters that affect the market covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data.
- The research included the study of reports, reviews, and newsletters of top market players, along with extensive interviews for opinions from key leaders, such as CEOs, directors, and marketing executives.
Asia Pacific Battery Recycling Market Size: Bottom-Up Approach
To know about the assumptions considered for the study, Request for Free Sample Report
Asia Pacific Battery Recycling Market Size: Top-Down Approach
Data Triangulation
After arriving at the overall market size using the market size estimation processes as explained above, the market was split into several segments and sub-segments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides in the automotive and non-automotive sources.
Market definition
Battery recycling refers to the process of collecting and reprocessing used batteries to recover valuable materials and reduce environmental impact. It involves the safe and responsible disposal of batteries, followed by the extraction and recycling of materials such as precious metals (e.g., lead, lithium, copper, nickel, cobalt) and other components (e.g., plastic, acid) that can be reused or repurposed. Battery recycling helps conserve natural resources, minimize pollution, and prevent hazardous substances from entering the environment.
Key Stakeholders
- Governments and research organizations
- Battery manufacturers
- Electric vehicle manufacturers
- Mining companies
- Oil companies expanding into alternative energy
- Recycling associations and Industrial bodies
- Battery recycling manufacturers/traders
Report Objectives:
- To analyze and forecast the market size of battery recycling in terms of value
- To provide detailed information regarding the major factors (drivers, restraints, challenges, and opportunities) influencing the regional market
- To analyze and forecast the global Asia Pacific Battery Recycling Market on the basis of source, chemistry, and region
- To analyze the opportunities in the market for stakeholders and provide details of a competitive landscape for market leaders
- To strategically analyze the micromarkets with respect to individual growth trends, growth prospects, and their contribution to the overall market
- To forecast the size of various market segments based on five major regions: North America, Europe, Asia Pacific, South America, and the Middle East & Africa, along with their respective key countries
- To track and analyze the competitive developments, such as new technology launches, joint ventures, partnerships, contracts, collaborations, acquisitions, agreements, investments, and expansions, in the market
- To strategically profile the key players and comprehensively analyze their market shares and core competencies
Available Customizations:
With the given market data, MarketsandMarkets offers customizations according to the client-specific needs.
The following customization options are available for the report:
- Additional country-level analysis of the Asia Pacific Battery Recycling Market
- Profiling of additional market players (up to 5)
Product Analysis
- Product matrix, which gives a detailed comparison of the product portfolio of each company.
Need a Tailored Report?
Customize this report to your needs
Get 10% FREE Customization
Customize This ReportPersonalize This Research
- Triangulate with your Own Data
- Get Data as per your Format and Definition
- Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
- Any level of Personalization
Let Us Help You
- What are the Known and Unknown Adjacencies Impacting the Asia Pacific Battery Recycling Market
- What will your New Revenue Sources be?
- Who will be your Top Customer; what will make them switch?
- Defend your Market Share or Win Competitors
- Get a Scorecard for Target Partners
Custom Market Research Services
We Will Customise The Research For You, In Case The Report Listed Above Does Not Meet With Your Requirements
Get 10% Free Customisation
Growth opportunities and latent adjacency in Asia Pacific Battery Recycling Market