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Report

South Korea Battery Recycling Market Report and Forecast 2025-2034

Market Report I 2025-06-06 I 115 Pages I EMR Inc.

The South Korea battery recycling market size was approximately USD 202.47 Million in 2024. The market is assessed to grow at a CAGR of 6.00% between 2025 and 2034, reaching a value of USD 362.59 Million by 2034.

Technological innovations in the process of extracting metals from used batteries are expected to boost the South Korea battery recycling market growth. For instance, the hydrometallurgical process of raw material extraction is ecofriendly and energy efficient. The method uses water-based solutions to extract essential metals from lithium-ion batteries.

As per the South Korea battery recycling market analysis, metals are expected to be the major recycling output. This is because they are used to manufacture second life batteries which are in huge demand in telecom and data centre backup services, behind the metre storage services, and front of the metre storage service sectors. They can also be used to power small electric vehicles like forklifts and golf carts to move goods and sporting equipment.

Lithium batteries are expected to account for a significant share of the battery recycling market due to their widespread use in electrical energy storage systems and consumer electronics products like wireless headphones, smartphones, hand-held power tools, toys, and small kitchen appliances, among others. They are also used in electric vehicles to power engines and reduce emissions. The South Korean company SungEel HiTech processes more than 8000 tonnes of lithium-ion batteries and metal scraps annually. It draws 830 tonnes of lithium phosphate from it which is deployed for other purposes across diverse industries.

Market Segmentation

South Korea Battery Recycling Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:

Market Breakup by Material

- Metals
- Electrolytes
- Plastics
- Others

Market Breakup by Recycling Process

- Hydrometallurgy
- Pyrometallurgy
- Pyrometallurgy
- Lead-Acid Battery Recycling Process

Market Breakup by Processing State

- Extraction of Material
- Reuse, Repackaging and Second Life
- Disposal

Market Breakup by Chemistry

- Lead-Acid
- Nickel Based
- Lithium Based
- Others

Market Breakup by Source

- Automotive Batteries
- Industrial Batteries
- Consumer and Electronic Appliance Batteries

Competitive Landscape

The market players are heavily investing in recycling infrastructure and facilities to enhance their capabilities and accelerate the transition towards circular economy.

- LG Corp. (LG Energy Solutions Ltd.)

- Samsung SDI Co. Ltd.

- SungEel Hitech Co. Ltd.

- Young Poong Co., Ltd.

- SK Ecoplant Co. Ltd.

- COSMO & Company Inc.

- Korea Zinc Inc.

- JaeYoungTech. Ltd.

- Green Li-ion Pte Ltd.

- Others

1 Executive Summary
1.1 Market Size 2024-2025
1.2 Market Growth 2025(F)-2034(F)
1.3 Key Demand Drivers
1.4 Key Players and Competitive Structure
1.5 Industry Best Practices
1.6 Recent Trends and Developments
1.7 Industry Outlook
2 Market Overview and Stakeholder Insights
2.1 Market Trends
2.2 Key Verticals
2.3 Key Regions
2.4 Supplier Power
2.5 Buyer Power
2.6 Key Market Opportunities and Risks
2.7 Key Initiatives by Stakeholders
3 Economic Summary
3.1 GDP Outlook
3.2 GDP Per Capita Growth
3.3 Inflation Trends
3.4 Democracy Index
3.5 Gross Public Debt Ratios
3.6 Balance of Payment (BoP) Position
3.7 Population Outlook
3.8 Urbanisation Trends
4 Country Risk Profiles
4.1 Country Risk
4.2 Business Climate
5 Asia Pacific Battery Recycling Market Overview
5.1 Key Industry Highlights
5.2 Asia Pacific Battery Recycling Historical Market (2018-2024)
5.3 Asia Pacific Battery Recycling Market Forecast (2025-2034)
5.4 Asia Pacific Battery Recycling Market Breakup by Country
5.4.1 China
5.4.2 Japan
5.4.3 India
5.4.4 ASEAN
5.4.5 Australia
5.4.6 South Korea
5.4.7 Others
6 South Korea Battery Recycling Market Overview
6.1 Key Industry Highlights
6.2 South Korea Battery Recycling Historical Market (2018-2024)
6.3 South Korea Battery Recycling Market Forecast (2025-2034)
7 South Korea Battery Recycling Market by Material
7.1 Metals
7.1.1 Historical Trend (2018-2024)
7.1.2 Forecast Trend (2025-2034)
7.2 Electrolytes
7.2.1 Historical Trend (2018-2024)
7.2.2 Forecast Trend (2025-2034)
7.3 Plastics
7.3.1 Historical Trend (2018-2024)
7.3.2 Forecast Trend (2025-2034)
7.4 Others
8 South Korea Battery Recycling Market by Recycling Process
8.1 Hydrometallurgy
8.1.1 Historical Trend (2018-2024)
8.1.2 Forecast Trend (2025-2034)
8.2 Pyrometallurgy
8.2.1 Historical Trend (2018-2024)
8.2.2 Forecast Trend (2025-2034)
8.3 Lithium-Ion Battery Recycling Process
8.3.1 Historical Trend (2018-2024)
8.3.2 Forecast Trend (2025-2034)
8.4 Lead-Acid Battery Recycling Process
8.4.1 Historical Trend (2018-2024)
8.4.2 Forecast Trend (2025-2034)
9 South Korea Battery Recycling Market by Processing State
9.1 Extraction of Material
9.1.1 Historical Trend (2018-2024)
9.1.2 Forecast Trend (2025-2034)
9.2 Reuse, Repackaging and Second Life
9.2.1 Historical Trend (2018-2024)
9.2.2 Forecast Trend (2025-2034)
9.3 Disposal
9.3.1 Historical Trend (2018-2024)
9.3.2 Forecast Trend (2025-2034)
10 South Korea Battery Recycling Market by Chemistry
10.1 Lead-Acid
10.1.1 Historical Trend (2018-2024)
10.1.2 Forecast Trend (2025-2034)
10.2 Nickel Based
10.2.1 Historical Trend (2018-2024)
10.2.2 Forecast Trend (2025-2034)
10.3 Lithium Based
10.3.1 Historical Trend (2018-2024)
10.3.2 Forecast Trend (2025-2034)
10.4 Others
11 South Korea Battery Recycling Market by Source
11.1 Automotive Batteries
11.1.1 Historical Trend (2018-2024)
11.1.2 Forecast Trend (2025-2034)
11.2 Industrial Batteries
11.2.1 Historical Trend (2018-2024)
11.2.2 Forecast Trend (2025-2034)
11.3 Consumer and Electronic Appliance Batteries
11.3.1 Historical Trend (2018-2024)
11.3.2 Forecast Trend (2025-2034)
12 Market Dynamics
12.1 SWOT Analysis
12.1.1 Strengths
12.1.2 Weaknesses
12.1.3 Opportunities
12.1.4 Threats
12.2 Porter's Five Forces Analysis
12.2.1 Supplier's Power
12.2.2 Buyer's Power
12.2.3 Threat of New Entrants
12.2.4 Degree of Rivalry
12.2.5 Threat of Substitutes
12.3 Key Indicators for Demand
12.4 Key Indicators for Price
13 Competitive Landscape
13.1 Supplier Selection
13.2 Key Global Players
13.3 Key Regional Players
13.4 Key Player Strategies
13.5 Company Profiles
13.5.1 LG Corp. (LG Energy Solutions Ltd.)
13.5.1.1 Company Overview
13.5.1.2 Product Portfolio
13.5.1.3 Demographic Reach and Achievements
13.5.1.4 Certifications
13.5.2 Samsung SDI Co. Ltd.
13.5.2.1 Company Overview
13.5.2.2 Product Portfolio
13.5.2.3 Demographic Reach and Achievements
13.5.2.4 Certifications
13.5.3 SungEel Hitech Co. Ltd.
13.5.3.1 Company Overview
13.5.3.2 Product Portfolio
13.5.3.3 Demographic Reach and Achievements
13.5.3.4 Certifications
13.5.4 Young Poong Co., Ltd.
13.5.4.1 Company Overview
13.5.4.2 Product Portfolio
13.5.4.3 Demographic Reach and Achievements
13.5.4.4 Certifications
13.5.5 SK Ecoplant Co. Ltd.
13.5.5.1 Company Overview
13.5.5.2 Product Portfolio
13.5.5.3 Demographic Reach and Achievements
13.5.5.4 Certifications
13.5.6 COSMO & Company Inc.
13.5.6.1 Company Overview
13.5.6.2 Product Portfolio
13.5.6.3 Demographic Reach and Achievements
13.5.6.4 Certifications
13.5.7 Korea Zinc Inc.
13.5.7.1 Company Overview
13.5.7.2 Product Portfolio
13.5.7.3 Demographic Reach and Achievements
13.5.7.4 Certifications
13.5.8 JaeYoungTech. Ltd.
13.5.8.1 Company Overview
13.5.8.2 Product Portfolio
13.5.8.3 Demographic Reach and Achievements
13.5.8.4 Certifications
13.5.9 Green Li-ion Pte Ltd.
13.5.9.1 Company Overview
13.5.9.2 Product Portfolio
13.5.9.3 Demographic Reach and Achievements
13.5.9.4 Certifications
13.5.10 Others

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