In 2020, the amount of battery material available for recycling worldwide was estimated at 200 kilotons. This figure is expected to increase seven-fold by 2030, as batteries in the market reach the end of their lifetime and demand for new batteries increases. By 2040, it is forecast that over seven million tons of battery material will be available for recycling.
Battery material available for recycling worldwide in 2020, with forecasts to 2040
(in kilotons)
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McKinsey & Company. (January 16, 2023). Battery material available for recycling worldwide in 2020, with forecasts to 2040 (in kilotons) [Graph]. In Statista. Retrieved January 24, 2025, from https://www.statista.com/statistics/1415338/battery-recycling-material-available-worldwide/?__sso_cookie_checker=failed
McKinsey & Company. "Battery material available for recycling worldwide in 2020, with forecasts to 2040 (in kilotons)." Chart. January 16, 2023. Statista. Accessed January 24, 2025. https://www.statista.com/statistics/1415338/battery-recycling-material-available-worldwide/?__sso_cookie_checker=failed
McKinsey & Company. (2023). Battery material available for recycling worldwide in 2020, with forecasts to 2040 (in kilotons). Statista. Statista Inc.. Accessed: January 24, 2025. https://www.statista.com/statistics/1415338/battery-recycling-material-available-worldwide/?__sso_cookie_checker=failed
McKinsey & Company. "Battery Material Available for Recycling Worldwide in 2020, with Forecasts to 2040 (in Kilotons)." Statista, Statista Inc., 16 Jan 2023, https://www.statista.com/statistics/1415338/battery-recycling-material-available-worldwide/?__sso_cookie_checker=failed
McKinsey & Company, Battery material available for recycling worldwide in 2020, with forecasts to 2040 (in kilotons) Statista, https://www.statista.com/statistics/1415338/battery-recycling-material-available-worldwide/?__sso_cookie_checker=failed (last visited January 24, 2025)
Battery material available for recycling worldwide in 2020, with forecasts to 2040 (in kilotons) [Graph], McKinsey & Company, January 16, 2023. [Online]. Available: https://www.statista.com/statistics/1415338/battery-recycling-material-available-worldwide/?__sso_cookie_checker=failed
