India Battery Recycling Market Projected to Reach $1.32 Billion by 2034
India’s battery recycling market is projected to grow from $603.9 million in 2025 to $1.32 billion by 2034, driven by the rapid adoption of electric vehicles, stricter battery waste regulations and the growing need to recover critical minerals such as lithium, cobalt and nickel.
The market is expected to expand at a compound annual growth rate of 8.65% between 2026 and 2034.
Lead acid batteries currently dominate India’s recycling market, accounting for 46.8% of the sector in 2025. However, lithium-ion batteries, which held a 32.4% share, are expected to witness faster growth due to rising EV sales, increasing e-waste and expanding energy storage systems.
The automotive sector accounted for the largest share of battery recycling demand, followed by industrial and electro...









