Lithium-Ion Battery Recycling Market Set to Reach $42.09 Billion by 2032 Amid EV Boom
The global lithium-ion battery recycling market is experiencing unprecedented growth, with projections indicating it will reach $42.09 billion by 2032. This expansion is fueled by rapid electric vehicle adoption and increasing focus on circular economy principles across industries.
Lithium-Ion Battery Recycling Market Poised for Exponential Growth
The global lithium-ion battery recycling market is positioned for remarkable expansion, with analysts suggesting it will grow from $9.17 billion in 2023 to $42.09 billion by 2032, according to recent industry analysis. Sources indicate this represents a compound annual growth rate of 18.5% during the forecast period, reflecting the increasing importance of sustainable energy solutions worldwide.