South Korea Lithium-Ion Battery Recycling Market to 2032
Overview
The South Korea Lithium-Ion Battery Recycling Market is expected to reach a 1,099.14 USD Million by 2032 and is projected to grow at a CAGR of 30.99% from 2025 to 2032.
Revenue, 2024 (USD Million)
187.97
Forecast, 2032 (USD Million)
1,099.14
CAGR, 2024 - 2032
30.99%
Report Coverage
South Korea
South Korea Lithium-Ion Battery Recycling Market 2018-2032 USD Million
South Korea Lithium-Ion Battery Recycling Market, Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 187.97 USD Million
- Projected Market Size (2032): 1,099.14 USD Million
- CAGR (2025-2032): 30.99%
Key Findings of South Korea Lithium-Ion Battery Recycling Market
- The South Korea Lithium-Ion Battery Recycling Market was valued at 187.97 USD Million in 2024.
- The South Korea Lithium-Ion Battery Recycling Market is likely to grow at a CAGR of 30.99% during the forecast period of 2024 to 2032.
- In 2024, the Largest segment Active Material in Component Segment accounted for the largest share of the market with a revenue of 118.17 USD Million
- The fastest growing segment Lithium-Nickel Manganese Cobalt (Li-NMC) in Chemistry Segment grew Fastest with a CAGR of 33.41% during the forecast period from 2024 to 2032.
South Korea Lithium-Ion Battery Recycling Market Scope
South Korea Lithium-Ion Battery Recycling Market Segmentation & Scope
Component
- Non-Active Material
- Active Material
Chemistry
- Lithium-Titanate Oxide (LTO)
- Lithium-Nickel Cobalt Aluminum Oxide (NCA)
- Lithium-Iron Phosphate (LFP)
- Lithium-Manganese Oxide (LMO)
- Lithium Cobalt Oxide (LCO)
- Lithium-Nickel Manganese Cobalt (Li-NMC)
Recycling Process
- Physical/ Mechanical Process
- Pyrometallurgy Process
- Hydrometallurgical Process
South Korea Lithium-Ion Battery Recycling Market Data Coverage Insights
| Study Period | 2024-2032 |
| Base Year | 2022 |
| Unit | Revenue in USD Million |
| Market Value in 2024 | 187.97 USD Million |
| Market Value in 2032 | 1,099.14 USD Million |
| CAGR (2025-2032) | 30.99% |
| Historic Data | 2016-2023 |
| Market Segments Covered | Component,Chemistry,Recycling Process |
Regional Insights:
-
Leading Market (2024-2032): South Korea, leading in terms of revenue 187.97 USD Million in 2024
- Key Country: South Korea, leading in terms of revenue with value of 187.97 USD Million in 2024.
Segments and Scope
-
South Korea Lithium-Ion Battery Recycling Market to 2032, By Component
- Active Material is the largest segment in South Korea Lithium-Ion Battery Recycling Market to 2032 with a revenue of 118.17 USD Million in the year 2024.
- Active Material is the Fastest growing segment in South Korea Lithium-Ion Battery Recycling Market to 2032 with a Growth rate of 32.15 % in forecast period 2025-2032.
-
South Korea Lithium-Ion Battery Recycling Market to 2032, By Chemistry
- Lithium-Nickel Manganese Cobalt (Li-NMC) is the largest segment in South Korea Lithium-Ion Battery Recycling Market to 2032 with a revenue of 74.67 USD Million in the year 2024.
- Lithium-Nickel Manganese Cobalt (Li-NMC) is the Fastest growing segment in South Korea Lithium-Ion Battery Recycling Market to 2032 with a Growth rate of 33.41 % in forecast period 2025-2032.
-
South Korea Lithium-Ion Battery Recycling Market to 2032, By Recycling Process
- Hydrometallurgical Process is the largest segment in South Korea Lithium-Ion Battery Recycling Market to 2032 with a revenue of 90.18 USD Million in the year 2024.
- Hydrometallurgical Process is the Fastest growing segment in South Korea Lithium-Ion Battery Recycling Market to 2032 with a Growth rate of 31.97 % in forecast period 2025-2032.
South Korea Lithium-Ion Battery Recycling Market Company Share Analysis
| Company Name |
|
||
| Umicore | |||
| Veolia | |||
| GEM Co., Ltd. | |||
| Glencore | |||
| Contemporary Amperex Technology Co., Limited | |||
South Korea Lithium-Ion Battery Recycling Market Geographical Sales Distribution, 2018-2032 USD Million
South Korea Lithium-Ion Battery Recycling Market Company Profiling
Industry Related Reports
Frequently Asked Questions
The South Korea Lithium-Ion Battery Recycling Market is segmented based on Segmentation Component,Chemistry,Recycling Process.
South Korea Lithium-Ion Battery Recycling Market was valued at USD 187.97(Revenue in USD Million) in 2022.
South Korea Lithium-Ion Battery Recycling Market is projected to grow at a CAGR of 30.99% during the forecast period of 2024 to 2032.
The Active Material segment is expected to dominate the South Korea Lithium-Ion Battery Recycling Market, holding a largest market share of 118.17 USD Million in 2024
South Korea Lithium-Ion Battery Recycling Market Scope
South Korea Lithium-Ion Battery Recycling Market Segmentation & Scope
Component
- Non-Active Material
- Active Material
Chemistry
- Lithium-Titanate Oxide (LTO)
- Lithium-Nickel Cobalt Aluminum Oxide (NCA)
- Lithium-Iron Phosphate (LFP)
- Lithium-Manganese Oxide (LMO)
- Lithium Cobalt Oxide (LCO)
- Lithium-Nickel Manganese Cobalt (Li-NMC)
Recycling Process
- Physical/ Mechanical Process
- Pyrometallurgy Process
- Hydrometallurgical Process
Frequently Asked Questions
The South Korea Lithium-Ion Battery Recycling Market is segmented based on Segmentation Component,Chemistry,Recycling Process.
South Korea Lithium-Ion Battery Recycling Market was valued at USD 187.97(Revenue in USD Million) in 2022.
South Korea Lithium-Ion Battery Recycling Market is projected to grow at a CAGR of 30.99% during the forecast period of 2024 to 2032.
The estimated market value of the South Korea Lithium-Ion Battery Recycling Market for final year is USD 1,099.14 (USD Million).
South Korea Lithium-Ion Battery Recycling Market Company Profiling
Frequently Asked Questions
The South Korea Lithium-Ion Battery Recycling Market is segmented based on Segmentation Component,Chemistry,Recycling Process.
South Korea Lithium-Ion Battery Recycling Market was valued at USD 187.97(Revenue in USD Million) in 2022.
South Korea Lithium-Ion Battery Recycling Market is projected to grow at a CAGR of 30.99% during the forecast period of 2024 to 2032.
The estimated market value of the South Korea Lithium-Ion Battery Recycling Market for final year is USD 1,099.14 (USD Million).
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