The Global Lithium-ion Battery Recycling Technology Market was valued at USD 6.38 Billion in 2023 and is projected to reach USD 23.54 Billion by 2032, growing at a Compound Annual Growth Rate (CAGR) of 15.6% during the forecast period (2023–2032). This rapid expansion is fueled by surging electric vehicle adoption, stringent environmental regulations, and the critical need for sustainable raw material recovery in energy storage systems.
As the world pivots toward circular economy models, lithium-ion battery recycling has emerged as a strategic imperative for reducing environmental impact and securing critical mineral supply chains. In this analysis, we examine the Top 10 Companies in the Lithium-ion Battery Recycling Technology Market—pioneers developing innovative processes to recover valuable metals and support global decarbonization efforts.
🔟 1. Umicore
Headquarters: Brussels, Belgium
Key Offering: Closed-loop battery recycling solutions
Umicore operates Europe’s largest commercial-scale hydrometallurgical battery recycling facility, processing lithium-ion batteries from electric vehicles and consumer electronics. Their proprietary Ultra-High Temperature (UHT) and hydro-metallurgical technologies recover lithium, cobalt, nickel, and copper at battery-grade purity levels exceeding 99.5%.
Sustainability Achievements:
- Processes 7,000+ metric tons of lithium-ion batteries annually
- Achieves 95% metal recovery efficiency across all battery chemistries
- Operates with zero waste discharge and 80% lower CO₂ emissions than virgin metal production
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9️⃣ 2. Li-Cycle
Headquarters: Toronto, Canada
Key Offering: Spoke & Hub recycling network
Li-Cycle’s patented two-stage mechanical and hydrometallurgical process recovers 95% of battery materials with no wastewater discharge. Their decentralized model features regional “Spoke” facilities for initial processing and centralized “Hubs” for final material recovery.
Market Position:
- Operates 4 Spoke facilities (150,000+ tons annual capacity)
- First commercial Hub in Rochester, NY operational since 2023
- Strategic partnerships with LG Energy Solution and Glencore
8️⃣ 3. Retriev Technologies
Headquarters: Lancaster, Ohio, USA
Key Offering: Complete battery lifecycle solutions
With over three decades of experience, Retriev operates North America’s most extensive lithium-ion battery recycling network, processing all battery chemistries through mechanical separation and hydrometallurgical refining.
Technical Capabilities:
- 98% material recovery rate with zero landfill waste
- Specializes in complex battery pack disassembly and module processing
- Recovers lithium carbonate directly from battery feedstock
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7️⃣ 4. Fortum
Headquarters: Espoo, Finland
Key Offering: Low-carbon hydrometallurgical recycling
Fortum’s CO₂-light process combines mechanical separation with hydro-metallurgical recovery, achieving 80% lower emissions than virgin material production. The company supplies recycled materials to chemical giant BASF and mining leader Nornickel.
Innovation Highlights:
- 95% recovery rate for cobalt, nickel, and manganese
- Pilot facility in Harjavalta running since 2021
- Integrated with Europe’s largest EV battery supply chain
6️⃣ 5. GEM Co., Ltd
Headquarters: Shenzhen, China
Key Offering: Industrial-scale closed-loop recycling
As China’s leading battery recycler, GEM processes over 500,000 electric vehicle batteries annually through an integrated system encompassing collection, dismantling, and material recovery.
Market Leadership:
- 99.3% nickel/cobalt recovery efficiency
- Strategic supplier to CATL, BYD, and Tesla’s China operations
- Operates 5 major recycling centers across China
5️⃣ 6. Brunp Recycling
Headquarters: Changsha, China
Key Offering: CATL-affiliated recycling solutions
As a subsidiary of Contemporary Amperex Technology Limited (CATL), Brunp operates China’s most advanced recycling facility, producing battery-grade materials for direct reuse in new battery production.
Technical Advantages:
- 91% lithium recovery rate from spent batteries
- Integrated recycling-to-production system
- Processes 120,000+ tons of battery waste annually
4️⃣ 7. Primobius GmbH
Headquarters: Hilchenbach, Germany
Key Offering: Modular recycling plant solutions
This Neometals-SMS group joint venture has developed a modular lithium-ion battery recycling system combining mechanical and hydrometallurgical processes for global deployment.
Commercial Progress:
- 90%+ material recovery efficiency
- First commercial plant in Germany operational 2024
- Strategic partnership with Mercedes-Benz
3️⃣ 8. Accurec Recycling
Headquarters: Krefeld, Germany
Key Offering: Dry mechanical recycling
Accurec’s proprietary mechanical process achieves high recovery rates without chemical treatments, specializing in complex EV battery systems and industrial storage applications.
Technical Differentiation:
- 90-95% material recovery efficiency
- Processes all lithium-ion chemistries in single stream
- Near-zero emissions dry separation technology
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2️⃣ 9. Redwood Materials
Headquarters: Carson City, Nevada, USA
Key Offering: Domestic closed-loop supply chain
Founded by Tesla’s former CTO, Redwood is building North America’s largest battery materials recycling and remanufacturing operation, with strategic partnerships across the EV and storage sectors.
Growth Trajectory:
- Processes 60,000+ tons of battery scrap annually
- Supplies recycled copper foil to Panasonic and Envision AESC
- $1 billion DOE loan for South Carolina facility expansion
1️⃣ 10. Battery Resourcers (Now Ascend Elements)
Headquarters: Westborough, Massachusetts, USA
Key Offering: Direct cathode material recycling
This U.S. innovator has developed Hydro-to-Cathode® technology that converts spent lithium-ion batteries directly into new cathode active materials.
Technology Breakthrough:
- Eliminates intermediate chemical steps in recycling
- 90%+ material utilization efficiency
- $480 million DOE grant for Kentucky megafactory
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🔋 Outlook: The Future of Battery Recycling Is Closed-Loop and Carbon-Neutral
The lithium-ion battery recycling industry stands at an inflection point as global demand for critical battery materials surges. With governments implementing strict recycling mandates and automakers demanding sustainable supply chains, advanced recycling technologies are becoming essential for energy transition.
📈 Key Market Trends:
- Recycling rate requirements exceeding 90% in EU Battery Regulation
- 50+ new recycling facilities under construction worldwide
- Vertical integration between recyclers and battery manufacturers
- Emergence of direct recycling technologies reducing energy use
- Second-life applications creating value before recycling
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The industry leaders profiled above are transforming battery recycling from a waste management challenge into a strategic resource solution—paving the way for truly sustainable energy storage systems.