첨단 배터리 재활용 시장(2027-2046년)

The advanced rechargeable battery recycling market is in the middle of a structural transition from a small, consumer-electronics-driven activity into critical infrastructure for the battery supply chain - and it is passing through a painful commercial shakeout on the way. Recent developments have been dominated by financial rationalisation rather than technology. Li-Cycle entered creditor protection in 2025 and its assets were acquired by Glencore. Lithion Technologies entered CCAA protection in October 2025. Ascend Elements, the most heavily capitalised North American pure-play, filed for Chapter 11 in April 2026 after burning through close to $900 million and losing federal grant support; its Covington, Georgia plant was acquired by R3 Lithium and restarted in September 2026 on a deliberately narrow lithium-carbonate-only strategy. The common failure mode was capacity built ahead of contracted feedstock, into falling metal prices and reversible policy support.

Meanwhile, operators with narrower scope or diversified revenue are scaling. Redwood Materials expanded in South Carolina; Blue Whale Materials completed its integrated line at Bartlesville, Oklahoma, lifting capacity toward 20,000 t/yr; cylib is commissioning 30,000 t/yr at Dormagen; BASF partnered with TSR Group on European pre-treatment and logistics; and Princeton NuEnergy formalised its long-running Honda collaboration through a January 2026 MOU. Asia continues to dominate: China holds roughly 65% of operational capacity, while India and Malaysia are building regional hubs through ventures such as NAN Silox GreenMet and EcoNiLi.

The defining commercial problem is chemistry mix. The outlook is one of volume certainty and margin pressure. Regulation increasingly sets the floor: EU recovered-content thresholds step up in 2031 and 2036, digital battery passports arrive in February 2027, and EU-funded research suggests recycling could substitute up to 56% of Europe's primary critical raw material demand by 2050. Beyond-Li-ion chemistries - solid-state, sodium-ion, vanadium flow - remain small today but reach roughly 28% of revenues by 2046, and process development must begin well ahead of that volume curve.

The Advanced Battery Recycling Market 2027–2046 is a comprehensive, data-led assessment of the global market for recycling lithium-ion and beyond-lithium-ion rechargeable batteries, covering volumes, revenues, technologies, regulation, regional markets and the competitive landscape across a twenty-year forecast horizon. The report is written for a market that has changed decisively since 2024. The insolvencies of Li-Cycle, Lithion Technologies and Ascend Elements have reset investor expectations and demonstrated that technology alone does not create a viable recycling business. At the same time, the chemistry mix entering the recycling stream is shifting hard toward LFP, eroding the cobalt- and nickel-driven economics on which the first generation of recyclers was built. This report quantifies both effects and models what replaces them: lithium-first process design, hybrid hydrometallurgical-direct routes, gate-fee and service revenue models, and regulation-driven demand for recycled content.

Forecasts are provided annually from 2027 to 2046, segmented by cathode chemistry (NMC by grade, NCA, LFP, LCO, LMO and others), by end-use application (EV, e-mobility, grid storage, consumer electronics, industrial), by processing route (pyrometallurgy, hydrometallurgy, direct and hybrid recycling), and by region (China, Europe, North America, Rest of Asia-Pacific, Rest of World). Parallel forecasts cover beyond-Li-ion chemistries - solid-state, sodium-ion, lithium-metal, lithium-sulfur, vanadium redox flow, zinc-based, sodium-sulfur and aluminium-ion - with recovery economics, material composition and end-of-life timing modelled for each.

Technology coverage spans the full processing chain from collection and safe transport through discharge, dismantling, mechanical pre-treatment and black mass production to metal recovery and cathode regeneration, with technology readiness assessments for twenty-four process routes including plasma-assisted direct recycling, deep eutectic solvents, bioleaching, supercritical CO₂ electrolyte extraction, flash Joule heating and selective lithium-first extraction.

The report also assesses global installed and planned capacity facility by facility, tracks OEM–recycler supply and offtake agreements, and analyses the regulatory architecture shaping demand: the EU Battery Regulation's recovered-content thresholds, digital battery passports from 2027, China's traceability requirements, US critical minerals policy, and emerging extended producer responsibility frameworks in India and Southeast Asia.

More than 115 company profiles cover recyclers, technology developers, cell manufacturers, automotive OEMs and metals majors, with process descriptions, capacity, funding, partnerships and commercial status. The report is intended for recyclers, cell and cathode manufacturers, automotive OEMs, metals and mining companies, equipment suppliers, investors and policymakers.

Contents include:

• Introduction - battery technology landscape; Li-ion cell construction, cathode and anode chemistries; degradation, failure and end-of-life; the EV market and replacement pack market; second life and repurposing; the recycling value chain; circular life cycle; the emergence of post-Li-ion chemistries.
• Regulation and policy - EU Battery Regulation 2023/1542 recovered-content thresholds and battery passports; China's EPR and traceability platform; US IRA, 45X and DOE programmes; India, South Korea, Japan, Australia; transport and hazardous-goods rules; PFAS and binder regulation.
• Recycling technologies - collection and logistics; discharge and dismantling; mechanical pre-treatment, sieving, flotation and eddy current separation; black mass specification and trade; pyrometallurgy; hydrometallurgy and solvent extraction; direct and hybrid recycling; relithiation and cathode regeneration; emerging methods (mechanochemical, electrochemical, ionic liquids, deep eutectic solvents, bioleaching, supercritical CO₂, flash Joule heating, carbothermal and microwave roasting, lithium-first extraction, ammoniacal leaching, electrohydraulic fragmentation, plasma-assisted routes); component-level recovery of graphite, electrolyte, copper, aluminium and binders; TRL assessment; SWOT analyses by route.
• Beyond-Li-ion recycling - sodium-ion, solid-state, lithium-metal, lithium-sulfur, vanadium redox flow, zinc-based, sodium-sulfur and aluminium-ion: composition, recovery routes, economics per tonne, deployment-to-end-of-life timing and market forecasts.
• Market analysis - drivers and challenges; economics of recycling by chemistry; feedstock (production scrap vs end-of-life); black mass pricing; gate fees and service models; second-life competition; partnerships and offtake agreements; global capacities current and planned; competitive landscape; future outlook.
• Market forecasts 2027–2046 - volumes and revenues by chemistry, application, process route and region; revenue per tonne processed; recycled content supply against EU and US targets.
• Company profiles - 119 profiles with technology, capacity, funding, partnerships and status including 24M, 4R Energy Corporation, American Battery Technology Company (ABTC), ACE Green Recycling, Accurec Recycling, Advanced Battery Recycle (ABR), AE Elemental, Altilium, Allye Energy, Anhua Taisen, Akkuser Oy, Aqua Metals, Achelous Pure Metal, Ascend Elements, Attero Recycling, Back to Battery, BASF, Battery Pollution Technologies, Batrec Industrie, Battri, Batx Energies, Blue Whale, BMW, Botree Cycling, CATL, CELLCIRCLE, Cellcycle, Cirba Solutions, Circunomics, Cylib, Dowa Eco-System, Duesenfeld, EcoNiLi Battery, EcoPro, Electra Battery Materials, Emulsion Flow Technologies, Energy Source, Enim, Eramet, ExPost Technology, Faradion, Farasis Energy, Fortum Battery Recycling, Ganfeng Lithium, Ganzhou Cyclewell Technology, GEM Co., GLC Recycle, Glencore, Gotion, Graphite One and more.....

Table of Contents

1 EXECUTIVE SUMMARY

• 1.1 Overview
• 1.2 The Li-ion Battery Recycling Market in
• 1.3 Global Market Forecasts to
• 1.4 Market Drivers
• 1.5 Financial rationalisation
• 1.6 Consolidation continued through
• 1.7 Secondary supply
• 1.8 TRL Positioning of Advanced Battery Technologies

2 INTRODUCTION

• 2.1 Battery Technology Landscape Overview
• 2.2 Lithium-ion batteries
  • 2.2.1 What is a Li-ion battery?
  • 2.2.2 Li-ion cathode
  • 2.2.3 Li-ion anode
  • 2.2.4 Cycle life and degradation complexity
  • 2.2.5 Battery failure
  • 2.2.6 End-of-life
  • 2.2.7 Sustainability
• 2.3 The Electric Vehicle (EV) market
  • 2.3.1 Emerging market for replacement battery packs
  • 2.3.2 Closed-loop value chain for EV batteries
  • 2.3.3 EV batteries longevity
• 2.4 Lithium-Ion Battery recycling value chain
• 2.5 LIB Circular life cycle
• 2.6 Beyond Li-ion Battery Market Recycling
  • 2.6.1 The Emergence of Post-Li-ion Chemistries
  • 2.6.2 Sodium-Ion Battery Commercialisation and End-of-Life Implications
  • 2.6.3 Solid-State Battery Commercialisation and End-of-Life Implications
• 2.7 Global regulations and policies
  • 2.7.1 China
  • 2.7.2 EU
  • 2.7.3 US
  • 2.7.4 India
  • 2.7.5 South Korea
  • 2.7.6 Japan
  • 2.7.7 Australia
  • 2.7.8 Transportation
• 2.8 Sustainability and environmental benefits

3 RECYCLING METHODS AND TECHNOLOGIES

• 3.1 Overview
• 3.2 Black mass powder
• 3.3 Recycling different cathode chemistries
• 3.4 Preparation
• 3.5 Pre-Treatment
  • 3.5.1 Discharging
  • 3.5.2 Mechanical Pre-Treatment
  • 3.5.3 Thermal Pre-Treatment
  • 3.5.4 Pack-level/module-level shredding
  • 3.5.5 Sieving, eddy current & flotation methods
• 3.6 Comparison of recycling techniques
• 3.7 Hydrometallurgy
  • 3.7.1 Method overview
    • 3.7.1.1 Solvent extraction
  • 3.7.2 SWOT analysis
• 3.8 Pyrometallurgy
  • 3.8.1 Method overview
  • 3.8.2 SWOT analysis
• 3.9 Direct recycling
  • 3.9.1 Method overview
    • 3.9.1.1 Electrolyte separation
    • 3.9.1.2 Separating cathode and anode materials
    • 3.9.1.3 Binder removal
    • 3.9.1.4 Relithiation
    • 3.9.1.5 Cathode recovery and rejuvenation
    • 3.9.1.6 Hydrometallurgical-direct hybrid recycling
  • 3.9.2 SWOT analysis
• 3.10 Other methods
  • 3.10.1 Mechanochemical Pretreatment
  • 3.10.2 Electrochemical Method
  • 3.10.3 Ionic Liquids
  • 3.10.4 Hybrid hydrometallurgical-direct recycling technologies
  • 3.10.5 Bioleaching
  • 3.10.6 Deep Eutectic Solvents
  • 3.10.7 Supercritical CO₂ Extraction
  • 3.10.8 Flash Joule Heating
  • 3.10.9 Carbothermal and Microwave-Assisted Reduction Roasting
  • 3.10.10 Lithium-First Selective Extraction
  • 3.10.11 Ammoniacal Leaching
  • 3.10.12 Electrohydraulic and Electrodynamic Fragmentation
  • 3.10.13 Plasma-Assisted Separation and Regeneration
• 3.11 Recycling of Specific Components
  • 3.11.1 Anode (Graphite)
    • 3.11.1.1 Overview
    • 3.11.1.2 Lab-stage graphite recycling (purity, microwave methods)
    • 3.11.1.3 Graphite companies
  • 3.11.2 Cathode
  • 3.11.3 Electrolyte
  • 3.11.4 Binder
    • 3.11.4.1 PVDF
    • 3.11.4.2 PFAS-free alternatives

4 RECYCLING OF BEYOND LI-ION BATTERIES

• 4.1 Conventional vs Emerging Processes
• 4.2 Li-Metal batteries
• 4.3 Lithium sulfur batteries (Li–S)
• 4.4 All-solid-state batteries (ASSBs)
• 4.5 Sodium-Ion Battery Recycling
  • 4.5.1 Overview and Key Differences from Li-ion Recycling
  • 4.5.2 Na-ion Cell Chemistry and Disassembly Considerations
  • 4.5.3 Cathode Recycling: Prussian Blue Analogues
  • 4.5.4 Anode Recycling: Hard Carbon Recovery
  • 4.5.5 Regulatory Framing
• 4.6 Sodium-Sulfur Battery Recycling
  • 4.6.1 Overview
  • 4.6.2 Disassembly and Safety Considerations
  • 4.6.3 Material Recovery
• 4.7 Vanadium Redox Flow Battery Electrolyte Recovery
  • 4.7.1 Overview and Strategic Context
  • 4.7.2 VRFB Electrolyte Degradation Mechanisms
  • 4.7.3 Electrolyte Recovery Process
  • 4.7.4 Non-Electrolyte Component Recovery
  • 4.7.5 Other Flow Battery Chemistries: End-of-Life Considerations
    • 4.7.5.1 Zinc-bromine (ZnBr₂) flow batteries
    • 4.7.5.2 Iron-chromium (Fe-Cr) flow batteries
    • 4.7.5.3 All-iron flow batteries
    • 4.7.5.4 Organic flow batteries (quinone-based)
• 4.8 Zinc-Based Battery Recycling
  • 4.8.1 Overview
  • 4.8.2 Zinc-Ion Battery Recycling
    • 4.8.2.1 Zinc recovery
    • 4.8.2.2 Manganese recovery
  • 4.8.3 Zinc-Air Battery Recycling
• 4.9 Aluminium-Ion Battery Recycling
  • 4.9.1 Overview
  • 4.9.2 Ionic Liquid Electrolyte: The Key Recycling Challenge

5 MARKET ANALYSIS LI-ION RECYCLING

• 5.1 Market drivers
• 5.2 Market challenges
• 5.3 The current market
• 5.4 LIB recycler partnerships and supply agreements
• 5.5 Economic case for Li-ion battery recycling
  • 5.5.1 Metal prices
  • 5.5.2 Second-life energy storage
  • 5.5.3 LFP batteries
  • 5.5.4 Other components and materials
  • 5.5.5 Reducing costs
  • 5.5.6 Economics by battery chemistry
  • 5.5.7 Recycling vs second life economics
• 5.6 Competitive landscape
• 5.7 Supply chain
• 5.8 Global capacities, current and planned
• 5.9 Future outlook
• 5.10 Global market 2018-2046
  • 5.10.1 Overview
  • 5.10.2 Chemistry
• 5.11 Volume (ktonnes)
  • 5.11.1 Revenues
  • 5.11.2 Regional Analysis
    • 5.11.2.1 China
    • 5.11.2.2 Europe
  • 5.11.3 North America
  • 5.11.4 Rest of Asia-Pacific

6 MARKET ANALYSIS BEYOND LI-ION RECYCLING

• 6.1 Global Multi-Chemistry Recycling Market
  • 6.1.1 Revenue Per Tonne by Chemistry

7 COMPANY PROFILES (119 company profiles)

8 TERMS AND DEFINITIONS

9 RESEARCH METHODOLOGY

10 REFERENCES