IDTechEx Forecasts US$110B Worth of Critical Materials Recovered Annually by 2045

Fortunately, secondary raw materials are compelling sources for critical material recovery. Global megatrends in mass digitalization across consumer, transport, energy, communication, and industrial sectors have consolidated large volumes of critical materials into devices and equipment. The result of this is that the content of critical materials in anthropogenically derived sources is often higher than in primary mineral deposits. As the volume of critical material containing equipment reaching end-of-life increases year-on-year, the secondary source stream for critical material recovery becomes ever more valuable. IDTechEx's report, "Critical Material Recovery 2025-2045: Technologies, Markets, Players", evaluates the critical material market, analyzing the content of key secondary sources and forecasting the volume of secondary raw materials recoverable by 2045.

Critical material recovery technologies are largely ready to go; it is just a question of how easily they may be repurposed for secondary material sources. Critical material extraction and recovery technologies pioneered for primary mineral processing are scalable with high recovery efficiency, making them well-positioned for deployment in secondary source streams. A major challenge in deployment remains adapting the processes to the distinct composition of secondary materials, which contain complex mixtures of critical materials with plastics, adhesives, films, low-value metals, and inorganic material. This report evaluates 13 critical material extraction and recovery technologies, providing case studies on their commercial application in secondary sources.

Looking forward, critical platinum group metal (PGM) recovery from secondary sources will dominate market value share in 2025, but Li-ion battery technology metal and rare-earth element markets will emerge rapidly thereafter. The high market value of palladium, platinum, and rhodium and their high density in automotive scrap has defined the established PGM secondary source market for decades. However, growing consolidation of critical materials in decarbonized energy and transport technologies will drive a significant value transfer into their associated applications. As large volumes of electric vehicles reach their end-of-life by 2045, lithium, nickel, cobalt, and manganese from batteries and rare-earth elements from drive motor magnets will emerge to represent the overwhelming majority of recoverable value.

The new IDTechEx report, "Critical Material Recovery 2025-2045: Technologies, Markets, Players", leverages IDTechEx's extensive cross-discipline expertise in critical advanced materials, sustainability, and recycling technologies. The analyst team builds on decades of experience covering emerging technology markets dependent on critical materials, including batteries, energy storage, electric vehicles, the hydrogen economy, and semiconductors.

This report provides market intelligence about critical material recovery technologies for four key secondary source segments. It also characterizes globally identified emerging critical materials and the associated emerging secondary source recovery opportunities. This includes:

A review of the context and technology behind critical material recovery from secondary sources

Full market characterization of critical material recovery technology in key secondary source segments

Market analysis throughout

To find out more about this IDTechEx report, including downloadable sample pages, please visit www.IDTechEx.com/CriticalMaterials.

For the full portfolio of sustainability market research available from IDTechEx, please see www.IDTechEx.com/Research/Sustainability.

About IDTechEx  

IDTechEx provides trusted independent research on emerging technologies and their markets. Since 1999, we have been helping our clients to understand new technologies, their supply chains, market requirements, opportunities and forecasts. For more information, contact [email protected] or visit www.IDTechEx.com.  

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