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2 clusters · 4 sources · 11 days · First seen · Last updated

Global battery component and recycling market growth

Overview

The global battery industry is seeing significant growth in both structural components and recycling sectors, driven largely by the expansion of electric vehicles and energy storage systems.

The market for battery structural parts is projected to grow from $6.06 billion in 2025 to $18.97 billion by 2032. This expansion is supported by strategic investments, such as Kedali America LLC’s planned $72 million U.S. manufacturing base.

Simultaneously, the battery recycling market is expected to rise from US$ 30.91 billion in 2025 to US$ 91.83 billion by 2033. While recycling capacity currently exceeds available material—relying primarily on manufacturing scrap—the International Energy Agency (IEA) anticipates that retired batteries will become the dominant supply source by the mid-2030s. To prepare for this, organizations like the US National Institute of Standards and Technology are developing recovery models for collection, testing, and sorting to determine if batteries should be reused or dismantled for material recovery.

Entities

ALD Vacuum Technologies · Zhenyu Technology · US National Institute of Standards and Technology · Inductotherm Group · International Energy Agency

Timeline

  1. 5 days ago

    [BUSINESS] 2 sources
    Battery recycling market projected to reach US$ 91.83 billion by 2033

    The battery recycling market is expected to reach US$ 91.83 billion by 2033, though recyclers currently face a shortage of retired batteries, relying instead on manufacturing scrap until the mid-2030s.

  2. 16 days ago

    [BUSINESS] 3 sources
    Battery structural parts market projected to reach $18.97 billion by 2032

    The global battery structural parts market is expected to reach $18.97 billion by 2032, fueled by rising EV and energy storage demand and an 18.3% annual growth rate.

Sources

dreamnews.jp · evere.co · marketbusinessnews.com · the-miyanichi.co.jp