Europe Lithium-ion Battery Recycling Market

The report "Europe Lithium-ion Battery Recycling Market by Source (Automotive, Non-Automotive), Battery Chemistry (LFP, NMC, LMO, NCA, LTO), Battery Component, Recycling Process (Hydrometallurgical, Pyrometallurgy, Physical/Mechanical), and Country - Forecast to 2032" is projected to grow from USD 4.82 billion in 2025  and to reach USD 15.05 billion by 2032, at a Compound Annual Growth Rate (CAGR) of 17.7% during the forecast period.

Browse 130 market data Tables and 80 Figures spread through 200 Pages and in-depth TOC on "Europe Lithium-ion Battery Recycling Market by Source (Automotive, Non-Automotive), Battery Chemistry (LFP, NMC, LMO, NCA, LTO), Battery Component, Recycling Process (Hydrometallurgical, Pyrometallurgy, Physical/Mechanical), and Country - Forecast to 2032"
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The Europe lithium-ion battery recycling market is projected to grow from USD 4.82 billion in 2025 to USD 15.05 billion by 2032, at a CAGR of 17.7% during the forecast period. The market in Europe is expected to grow significantly due to growing demand for batteries in  electric vehicles, consumer electronics, and energy storage systems for the integration of renewable power. Europe has one of the best environmental practices due to its modern waste management and circular economy models. The stringent regulations in the region enforce accountability of producers and retailers for battery collection and recycling, which results in the constant supply of batteries to the recycling chain.

By chemistry, thelithium nickel manganese cobalt (Li-NMC) segment is expected to account for the largest market share, in terms of volume, during the forecast period.

The lithium nickel manganese cobalt (Li-NMC) segment is estimated to account for the largest  share in the overall market during the forecast period. Li-NMC is among the most widely used types of battery in electric vehicles as well as energy storage systems. The presence of high levels of valuable metals such as nickel, cobalt, and manganese in Li-NMC batteries makes them economically very attractive for the recycling process, which in turn leads to investments in new recovery facilities. The rapid growth in the adoption of electric vehicles is creating a corresponding increase in the amount of both manufacturing scrap and used Li-NMC batteries for recycling.

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

The automotive segment is estimated to hold the largest share in the lithium-ion battery recycling market in Europe. This is mainly due to the rapid adoption of electric vehicles across Europe. The past decade has witnessed a significant increase in EV sales, which is leading to the generation of a high amount of manufacturing scrap and the collection of end-of-life traction batteries. The European Union has enforced stringent rules regarding battery collection, recycling efficiency, and recycled content, which have made it obligatory for automakers and battery manufacturers to partner up for local recycling investments. Also, the growing demand for raw materials like lithium, nickel, and cobalt is further cementing the position of automotive battery recycling in the regional supply chain.

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

The Netherlands is turning out to be a major growth market for lithium-ion battery recycling in Europe due to its vigorous electric vehicle adoption and increasing battery usage in the automotive and energy storage industries. The country has one of the best logistics systems in Europe, thereby making battery recycling easier in terms of collection, transport, and cross-border movement. The Europe battery regulatory alignment and circular economic objectives are achieved via investments in recycling facilities and value chain partnerships. Moreover, the Netherlands’ emphasis on sustainability, renewable energy integration, and second-life battery usage is increasing the number of batteries that enter the recycling process. Thus, the Netherlands is considered a key player in the lithium-ion battery recycling market in Europe.

Some of the leading players in this market include Umicore (Belgium), Fortum (Finland), Stena Recycling (Sweden), ACCUREC Recycling GmbH (Germany), and Ecobat (UK).

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