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Europe Lithium-ion Battery Recycling Market to Reach USD 15.05 Billion by 2032, Driven by Rising EV Adoption and Demand for Critical Raw Materials | Report by MarketsandMarkets™
The Europe lithium-ion battery recycling market is expected to grow from USD 4.82 billion in 2025 to USD 15.05 billion by 2032 at a CAGR of 17.7%.
Market growth is driven by increased electric vehicle adoption, more battery energy storage systems, and rising end-of-life lithium-ion batteries from various applications.
Strict European regulations on battery collection, producer responsibility, recycling efficiency, and material recovery boost investment in recycling infrastructure.
The lithium nickel manganese cobalt battery chemistry and automotive batteries are anticipated to have the largest market shares during the forecast period.