IMARC Group has recently released a new research study titled “South Korea Battery Recycling Market Size, Share, Trends and Forecast by Type, Source, End Use, Material, and Region, 2025-2033”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios.
South Korea Battery Recycling Market Overview
The South Korea battery recycling market size was valued at USD 319.2 Million in 2024 and is anticipated to grow to USD 725.7 Million by 2033. This reflects a compound annual growth rate (CAGR) of 8.56% during the forecast period of 2025 to 2033. The market growth is driven by the rising volume of end-of-life electric vehicle (EV) batteries, stricter environmental regulations, and advancements in material recovery technologies supporting automotive and energy storage sectors.
Study Assumption Years
- Base Year: 2024
- Historical Year/Period: 2019-2024
- Forecast Year/Period: 2025-2033
South Korea Battery Recycling Market Key Takeaways
- Current Market Size: USD 319.2 Million (2024)
- CAGR: 8.56% (2025-2033)
- Forecast Period: 2025-2033
- The increasing number of end-of-life electric vehicle batteries is a primary growth driver.
- Strengthened environmental regulations are enforcing safer and more effective recycling practices.
- Advancements in recycling technologies, such as hydrometallurgical processes, improve recovery rates.
- Automotive companies are forming partnerships with recyclers to establish closed-loop supply chains.
- Recycling reduces reliance on imported raw materials like lithium, cobalt, and nickel, stabilizing supply chains.
- Reuse of retired batteries in stationary energy storage systems is an emerging trend.
Sample Request Link: https://www.imarcgroup.com/south-korea-battery-recycling-market/requestsample
