Asia Pacific Lithium-ion Battery Recycling Market

The report "Asia Pacific Lithium-ion Battery Recycling Market by Source (Automotive, Non-Automotive), Battery Chemistry (LFP, NMC, LMO, NCA, LTO), Component, Recycling Process (Hydrometallurgical, Pyrometallurgy, Physical/Mechanical), and Country - Forecast to 2032" is projected to grow from USD 9.71 billion in 2025 and to reach USD 34.44 billion by 2032, at a Compound Annual Growth Rate (CAGR) of 19.8% during the forecast period.

Browse 200 market data Tables and 70 Figures spread through 180 Pages and in-depth TOC on"Asia Pacific Lithium-ion Battery Recycling Market by Source (Automotive, Non-Automotive), Battery Chemistry (LFP, NMC, LMO, NCA, LTO), Component, Recycling Process (Hydrometallurgical, Pyrometallurgy, Physical/Mechanical), and Country - Forecast to 2032"
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The Asia Pacific lithium-ion battery recycling market is projected to grow from USD 9.71 billion in 2025 to USD 34.44 billion by 2032, at a CAGR of 19.8% during the forecast period. The Asia Pacific's battery recycling market is expanding rapidly, driven by the growth in the number of electric vehicles and  consumer electronics products. Stricter environmental regulations in various countries and extended producer responsibility frameworks are prompting OEMs and importers to formalize collection networks and invest in recycling capacity.

By chemistry, thelithium iron phosphatesegment is expected to account for the largest market share, in terms of volume, during the forecast period.

The LFP (Lithium Iron Phosphate) segment accounts for the largest share of the overall Asia Pacific market. The adoption of LFP batteries is experiencing rapid growth in electric cars, energy storage systems, and many different industrial applications, with China, South Korea, and Australia being the major countries with strong production capabilities. The region's manufacturers and end users continue to use LFP chemistry because of its key advantages, such as high safety levels, long service life, and lower manufacturing costs. Besides, their use in utility-scale energy storage projects, particularly those coupled with renewable energy integration and grid support, is further strengthening their position in the market. Consequently, the battery lifetimes of LFP batteries in Asia Pacific are expected to grow sharply with their mainstream use, which will in turn demand advanced lithium extraction and recycling technologies. Hence, the region is projected to experience a boom in the LFP recycling segment in the coming years.

By source, the automotive batteries segment is expected to account for the largest market share, in terms of value, during the forecast period.

The rapid increase in electric vehicle (EV) adoption, particularly in countries like China, South Korea, India, and Australia, is driving the automotive segment of the lithium-ion battery recycling market in the region. Increased production and sales of EVs have led to an increase in volume of end-of-life batteries (millions of them) and production scrap, thus creating a strong and steady stream of recyclable material. The minerals in automotive lithium-ion batteries, like lithium, nickel, cobalt, and manganese, are high-value, making them very attractive to recyclers. This is leading to significant investments in advanced hydrometallurgical and mechanical recovery technologies throughout the region. Automotive manufacturers and battery makers are going to the extent of carving out closed-loop recycling collaborations not only to guarantee the supply of critical materials but also to mitigate their dependence on importing resources. The rapid scale-up of EV production, along with the ongoing battery chemistry evolution, will certainly keep the automotive segment at the forefront of lithium-ion battery recycling growth in the Asia Pacific market.

China is projected to account for the largest market share during the forecast period in terms of value.

China is rapidly growing in the lithium-ion battery recycling market, driven by its large electric vehicle production, energy storage deployments, and government policies supporting circular economy practices. The country, by far, produces the highest volume of batteries that have aged out of EVs and manufacturing, which drives the demand for recycling solutions with advanced technology. The largest local companies, for instance, CATL and GEM Co., are investing in building large hydrometallurgical plants and companies that recover materials. The government has put in place rules for battery tracing and recycling processes that are uniform across the country. As long as China's global position in EV and battery manufacturing remains, the number of lithium-ion batteries that are no longer usable will be on the rise.

Some of the leading players in this market include Contemporary Amperex Technology Co., Limited (CATL) (China), GEM Co., Ltd. (China), Attero Recycling (India), Umicore (Belgium), and SK Tes (Singapore) .

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