DELRAY BEACH, Fla. – August 20, 2026 – According to MarketsandMarkets™, 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, registering a CAGR of 17.7% during the forecast period. The market is experiencing rapid growth due to increasing adoption of electric vehicles, rising deployment of battery energy storage systems, and the growing volume of end-of-life lithium-ion batteries from automotive and non-automotive applications. Europe’s stringent regulatory framework focused on battery collection, producer responsibility, recycling efficiency, and material recovery is accelerating investments in recycling infrastructure. At the same time, concerns surrounding the security of supply for critical raw materials such as lithium, nickel, and cobalt are making local recycling and closed-loop battery supply chains increasingly important.
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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.
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Unique Features in the Europe Lithium-ion Battery Recycling Market
Lithium-ion battery recycling enables the recovery of valuable materials such as lithium, nickel, cobalt, manganese, copper, and other components, supporting the development of circular battery supply chains.
The market encompasses multiple battery chemistries, including LFP, NMC, LMO, NCA, and LTO, each presenting different recycling requirements and material recovery opportunities.
Advanced hydrometallurgical recycling processes are increasingly important because they can recover valuable battery materials with high efficiency while supporting lower-emission recycling pathways.
The increasing deployment of electric vehicles and battery energy storage systems is creating a growing pool of end-of-life batteries and battery production scrap available for recycling.
Europe’s stringent regulatory framework, combined with growing concerns about critical raw material security, is encouraging battery manufacturers, automotive companies, recyclers, and technology providers to develop local closed-loop supply chains.
Major Highlights of the Europe Lithium-ion Battery Recycling Market
The NMC battery chemistry segment accounted for 56.8% of the European market in 2024, supported by extensive use in electric vehicles and high-energy applications.
The non-automotive segment is expected to register the highest CAGR of 25.1%, driven by increasing battery energy storage installations and growing use of lithium-ion batteries in portable and industrial applications.
The hydrometallurgical recycling process is expected to dominate the Europe lithium-ion battery recycling market during the forecast period, supported by growing demand for efficient recovery of valuable battery materials.
The active material segment is expected to dominate the market by battery component, reflecting the high value of recoverable materials contained in lithium-ion battery cells.
The Netherlands is projected to account for the largest market share during the forecast period, supported by EV adoption, logistics capabilities, sustainability initiatives, and investments in battery recycling infrastructure.
The growing adoption of electric vehicles, increasing battery energy storage installations, stringent European regulations, and the need to secure supplies of lithium, nickel, and cobalt are major factors driving the European lithium-ion battery recycling market.
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Top Companies in the Europe Lithium-ion Battery Recycling Market
Some of the leading players in this market include Umicore (Belgium), Fortum (Finland), Stena Recycling (Sweden), ACCUREC Recycling GmbH (Germany), and Ecobat (UK).
Umicore
Umicore is a leading global materials technology and recycling group with a strong position in the European lithium-ion battery recycling market. Its Battery Recycling Solutions business provides recycling services for lithium-ion, lithium-polymer, and nickel-metal hydride batteries originating from electric vehicles, power tools, consumer electronics, and battery production scrap. Umicore operates advanced recycling facilities in Belgium and Germany, with its Hoboken facility capable of processing more than 7,000 tons of lithium-ion batteries and battery production scrap annually. The company’s recycling facilities employ hydrometallurgical and pyrometallurgical processes to recover valuable metals. Umicore’s integrated recycling capabilities and extensive R&D infrastructure strengthen its competitive position in Europe’s circular battery economy.
Fortum
Fortum is a clean-energy company that has developed a strong position in lithium-ion battery recycling through its low-CO2 hydrometallurgical recycling technology. The company’s process combines mechanical processing with hydrometallurgy to recover valuable materials including lithium, cobalt, nickel, manganese, copper, and aluminum from end-of-life batteries and battery production scrap. Fortum’s recycling facilities in Finland support the recovery of materials from electric vehicle batteries, industrial batteries, and household batteries. Its focus on low-carbon recycling and resource efficiency positions the company strongly as European battery manufacturers and automotive companies seek sustainable and localized sources of critical raw materials.
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