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Lithium-Ion Battery Recycling Market Share

Report ID: GMI11980
Published Date: Oct 2024
Report Format: PDF

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Lithium-Ion Battery Recycling Market Share

Lithium-Ion Battery Recycling Company Market Share

Eminent market players are focusing on expanding their recycling capacities to meet growing demand. This expanding capacity will allow the companies to process larger volumes of end-of-life batteries, especially from electric vehicles (EVs) and consumer electronics, while meeting increasing recycling mandates. Furthermore, companies are investing in advanced recycling processes such as hydrometallurgical and direct recycling methods, which are more efficient and environmentally friendly compared to traditional pyrometallurgical methods.

Lithium-Ion Battery Recycling Market Companies

Eminent players operating in the lithium-ion battery recycling industry are:

3R Recycler
ACE Green Recycling
American Battery Technology Company
Attero Recycling
BatX Energies
Cirbra Solution
Ganfeng Lithium
Glencore
Li-Cycle Holdings Corporation
Lohum Cleantech
Neometals
RecycLiCo Battery Material
Redwood Materials
SK TES
Umicore

Authors: Ankit Gupta, Pooja Shukla

Frequently Asked Questions (FAQ) :

The global market for lithium-ion battery recycling was reached USD 5.4 billion in 2023 and is estimated to grow at a 20.6% CAGR from 2024 to 2032, driven by heightened environmental concerns and resource scarcity.

The automotive segment is projected to surpass USD 17 billion by 2032, fueled by the global transition to electric vehicles (EVs) and stringent environmental policies.

The lithium nickel manganese cobalt oxide (NMC) segment is set to grow at a CAGR of over 19.5% through 2032, owing to its high economic value and the increasing demand for batteries with favorable energy density and long cycle life.

The Asia Pacific lithium-ion battery recycling industry is anticipated to exceed USD 14 billion by 2032, driven by rapid growth in electric vehicles and consumer electronics, supported by government subsidies and regulations.

Key players in the market include 3R Recycler, ACE Green Recycling, American Battery Technology Company, Attero Recycling, BatX Energies, Cirba Solution, Ganfeng Lithium, Glencore, Li-Cycle Holdings Corporation, Lohum Cleantech, Neometals, RecycLiCo Battery Material, Redwood Materials, SK TES, and Umicore.