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 exceptional growth is driven by surging electric vehicle adoption, stringent environmental regulations, and the critical need to recover valuable materials like lithium, cobalt, and nickel from end-of-life batteries.
As the world shifts toward sustainable energy solutions, efficient battery recycling has become an environmental and economic priority. This analysis highlights the Top 10 Companies in the Lithium-ion Battery Recycling Technology Market—industry pioneers developing advanced processes to safely recover battery materials while minimizing ecological impact.
🔟 1. Umicore
Headquarters: Brussels, Belgium
Key Offering: Integrated battery recycling solutions
Umicore leads the industry with its proprietary “cradle-to-cradle” closed-loop recycling system that recovers over 95% of battery metals. The company serves major automotive and battery manufacturers across Europe, North America, and Asia through its sustainable recycling infrastructure.
Key Capabilities:
- Annual processing capacity of 25,000+ tons of EV batteries
- Produces battery-grade lithium, cobalt, nickel, and copper
- Strategic partnerships with Audi, BMW, and Tesla for circular solutions
Download FREE Sample Report:
Lithium-ion Battery Recycling Technology Market – View in Detailed Research Report
9️⃣ 2. Li-Cycle
Headquarters: Toronto, Canada
Key Offering: Hub & Spoke recycling network
Li-Cycle’s innovative two-stage recycling process combines mechanical separation with hydrometallurgical refining. The company operates six Spoke facilities across North America and Europe, with a major 10,000 ton/year Rochester Hub coming online in 2024.
Key Capabilities:
- 95-98% material recovery efficiency
- Produces black mass, aluminum/plastic scrap, and battery chemicals
- Expanding global footprint through strategic partnerships
8️⃣ 3. Redwood Materials
Headquarters: Carson City, Nevada, USA
Key Offering: Comprehensive battery lifecycle solutions
Founded by Tesla co-founder JB Straubel, Redwood Materials is building North America’s largest battery recycling and materials recovery operation. The company processes over 100,000 EV battery packs annually at its Nevada facility.
Key Capabilities:
- Major partnerships with Panasonic, Toyota, and Ford
- Recovers lithium carbonate, cobalt sulfate, and nickel sulfate
- Developing domestic battery materials supply chain
Download FREE Sample Report:
Lithium-ion Battery Recycling Technology Market – View in Detailed Research Report
7️⃣ 4. Retriev Technologies
Headquarters: Lancaster, Ohio, USA
Key Offering: Battery recycling since 1984
As North America’s pioneer in battery recycling, Retriev processes all lithium-ion chemistries through mechanical separation and advanced hydrometallurgical refining at its US and Canadian facilities.
Key Capabilities:
- 60+ million pounds of batteries recycled to date
- Zero waste-to-landfill operations
- Comprehensive battery collection network
6️⃣ 5. GEM Co., Ltd.
Headquarters: Shenzhen, China
Key Offering: China’s largest recycling operation
GEM operates Asia’s most extensive EV battery recycling complex with 120,000+ ton annual capacity. The company supplies recycled materials to major Chinese battery makers including CATL and BYD.
Key Capabilities:
- Processes 10% of China’s retired EV batteries
- Innovative direct recycling technology for LFP batteries
- Integrated closed-loop materials recovery
5️⃣ 6. Fortum Battery Recycling
Headquarters: Espoo, Finland
Key Offering: Low-carbon recycling solutions
Fortum’s Finnish facility recovers battery metals with 80% lower CO2 emissions than virgin mining. The company collaborates with BASF and Nornickel to strengthen Europe’s battery supply chain.
Key Capabilities:
- >90% recovery rate for cobalt, nickel, and lithium
- Expanding to 50,000 ton/year capacity by 2025
- Hydro-powered recycling processes
4️⃣ 7. Brunp Recycling
Headquarters: Changsha, China
Key Offering: CATL’s dedicated recycling arm
As the recycling division of Contemporary Amperex Technology (CATL), Brunp operates China’s most advanced battery recycling facilities with specialized closed-loop systems for CATL’s production.
Key Capabilities:
- 50,000+ ton annual recycling capacity
- Specialized LFP cathode material recycling
- Tight integration with CATL’s manufacturing
3️⃣ 8. Accurec Recycling
Headquarters: Krefeld, Germany
Key Offering: European recycling innovation
Accurec’s mechanical-hydrometallurgical process recovers high-purity battery materials at its German facility, supplying recycled metals to European automotive and battery customers.
Key Capabilities:
- Specialization in complex battery formats
- Patented gas-phase defluorination technology
- Full battery material recovery system
2️⃣ 9. Primobius GmbH
Headquarters: Hilchenbach, Germany
Key Offering: Modular recycling plants
This Neometals/SMS group joint venture provides complete mechanical and hydrometallurgical recycling solutions through its modular plant design approach.
Key Capabilities:
- Developing 50,000 ton/year German facility
- Licensing model for rapid global deployment
- Integrated recycling technology package
1️⃣ 10. 4R Energy Corporation
Headquarters: Yokohama, Japan
Key Offering: Nissan’s recycling partner
4R Energy specializes in second-life applications and recycling solutions for Nissan Leaf batteries, operating Japan’s premier EV battery recycling facility.
Key Capabilities:
- Optimized cascade usage before recycling
- Advanced battery sorting and diagnostics
- Closed-loop recycling for Nissan EVs
Get Full Report Here:
Lithium-ion Battery Recycling Technology Market – View in Detailed Research Report
🌍 Outlook: Transforming Battery Waste into Resources
The lithium-ion battery recycling industry is entering exponential growth as millions of EV batteries approach end-of-life. Regulatory requirements and supply chain security are driving massive investments in recycling infrastructure worldwide.
📈 Key Market Trends:
- EU Battery Regulation requiring 70% recycling efficiency by 2030
- US Inflation Reduction Act incentivizing domestic recycling
- Automakers investing in closed-loop supply chains
- Advanced direct recycling technologies for LFP batteries
The leading companies profiled above are not just recycling batteries—they’re building the foundation for a truly circular battery economy that reduces mining dependence while creating sustainable value from end-of-life materials.
Get Full Report Here:
Lithium-ion Battery Recycling Technology Market – View in Detailed Research Report