Global battery and composite recycling market growth

The recycling of battery materials and high-performance composites is seeing significant strategic and economic expansion. China is investing heavily in infrastructure to recover lithium, nickel, and cobalt from batteries and renewable energy components, aiming for a massive industry turnover by 2030. The country reportedly holds over 80 percent of global capacity for battery pretreatment and metal recovery.

In the automotive sector, the BMW Group is targeting a goal where at least 50 percent of materials in new vehicles are recycled by 2030, utilizing direct recycling processes to recover lithium, cobalt, and graphite.

Market projections indicate substantial growth for these sectors. The global carbon fiber and composites recycling market is expected to grow from 607 million USD in 2025 to 4.53 billion USD by 2035. Additionally, the electric vehicle battery cell and pack materials market is forecasted to nearly double, reaching 38.02 billion USD by 2030, driven by demands for improved battery performance and new technologies like solid-state batteries.