Recycling capacity mapping and processed volume analysis were employed to determine the global market valuation. The methodology comprised the following:
• Identification of over 50 significant battery recyclers in North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa
• Technology mapping for direct recycling preprocessing lines, pyrometallurgical furnaces, and hydrometallurgical circuits
• Battery chemistry segmentation across NMC, LFP, LCO, and LMO chemistries, with specific recovery yields for lithium, cobalt, nickel, and manganese
• Examination of the annual processing volumes and recovery values that are specific to battery recycling operations, as reported and modeled
• In 2024, the coverage of recyclers and technology providers will account for 75-80% of the global recycling capacity.
• Segment-specific valuations for electric vehicle batteries, consumer electronics, energy storage systems, and power tool applications are derived through extrapolation using bottom-up (end-of-life battery volume × recovery value by chemistry) and top-down (recycler revenue and capacity validation) approaches.
Key Modifications Made:
Secondary Sources: Replaced medical/dermal filler sources with energy, environmental, and geological agencies (EPA, DOE, USGS, IEA, IRENA, NREL) and battery recycling regulatory bodies (EU Battery Directive, Basel Convention)
Primary Stakeholders: Adapted from medical professionals to recycling plant operators, smelters, sustainability officers, and EV/battery procurement heads
Market Sizing: Adapted for recycling capacity, black mass processing, and material recovery rather than procedure volumes
