Energy & PowerDec 27, 2023

Lithium Ion Battery Recycling Market

Lithium Ion Battery Recycling Market Research Report: Size, Share, Trend Analysis By Source (Electronics, Electric Vehicles, Power Tools, Others, Total), By Chemistry (Lithium Cobalt Oxide, Lithium Iron Phosphate, Lithium Manganese Oxide, Lithium Nickel Cobalt Aluminum Oxide, Lithium Nickel Manganese Cobalt Oxide, Total) and By Region (North America, Europe, Asia Pacific, Rest of the World) - Growth Outlook & Industry Forecast To 2032

Vertical: EnPBase Year: 202211 Sections

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Executive Summary

Lithium Ion Battery Recycling Market — Snapshot

Market Size (2022)
2022
—
Projected (2032)
2032
—
CAGR (2018–2032)
N/A
Key Players
10+

This report covers Lithium Ion Battery Recycling Market with forecasts from 2018 to 2032. 10 key companies are profiled.

Key Insight

Lithium Ion Battery Recycling Market is a key focus area for market intelligence and strategic research.

Market Performance Trend

Historical performance and future projections (2020–2030, USD Billion)

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Market Scope & Coverage

What this report covers

Geographic Coverage: This analysis covers 4 regions: North America, Europe, Asia Pacific, Rest of the World.
Market Segmentation: The market is analyzed across key segments with forecasts from 2018 to 2032.
Competitive Landscape: 10 leading companies are profiled, covering market positioning, strategies, and recent developments.

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Market Overview

Lithium Ion Battery Recycling Market — Growth Trajectory

Analysis of Lithium Ion Battery Recycling Market from 2018 to 2032. Covers North America, Europe, Asia Pacific, Rest of the World.

Market Share by Application

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Market Dimensions

How this market is segmented

By Source is broken down into: Electronics, Electric Vehicles, Power Tools, Others, Total.
By Chemistry is broken down into: Lithium Cobalt Oxide, Lithium Iron Phosphate, Lithium Manganese Oxide, Lithium Nickel Cobalt Aluminum Oxide, Lithium Nickel Manganese Cobalt Oxide, By Chemistry_Total.

Geographic Analysis

Regional market breakdown

North America is one of the key regions covered in this market analysis.
Europe is one of the key regions covered in this market analysis.

Asia Pacific is one of the key regions covered in this market analysis.
Rest of the World is one of the key regions covered in this market analysis.

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Research Methodology

Lithium Ion Battery Recycling Market — How We Researched This Market

This report applies a rigorous multi-stage research process combining primary interviews, secondary data sources, and bottom-up market modelling to ensure accuracy and completeness across all segments and geographies.

Base Year
2022
Historical Period
2018 – 2021
Forecast Period
2023 – 2032
Primary Interviews
150+

Research Process

Historical data (2018–2022) and forecast period (2022–2032)

Problem Definition

Market scoping
Objective setting
Framework design

Secondary Research

Literature review
Data mining
Trend analysis

Primary Research

Expert interviews
Field visits
Surveys

Data Analysis

Quantitative modeling
Statistical testing
Validation

Insights & Reporting

Synthesis
Recommendations
Visualization

Research Depth

Our research process spans primary interviews with industry stakeholders combined with comprehensive secondary data analysis, validated through triangulation across multiple independent sources.

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Analytics

Lithium Ion Battery Recycling Market — Key Findings

Analytical insights on Lithium Ion Battery Recycling Market covering market dynamics, competitive landscape, and strategic outlook.

Key Analytical Findings

Lithium Ion Battery Recycling Market represents a significant market opportunity with multiple growth drivers across regions and segments.

Market Dynamics

The Lithium Ion Battery Recycling Market market encompasses 4 key regions and multiple market segments, with the study period spanning 2018 to 2032.

The market is segmented across multiple dimensions, with detailed breakdowns available by component, region, and application type to support strategic planning and investment decisions.

Competitive Landscape

This report profiles 10 key companies operating in the Lithium Ion Battery Recycling Market market, covering market positioning, product portfolios, and recent developments.

Leading players include Umicore, Glencore plc , Retriev Technologies Inc, Raw Materials Company , RecycLiCo Battery Materials , and 5 others.

Strategic Outlook and Future Directions

Near-term growth will likely concentrate in modular bioreactor lines and closed-system media workflows that shorten validation cycles while preserving batch traceability.

Partnerships between CDMOs and instrumentation vendors should accelerate standard datasets for comparability across sites, improving forecasting models used in capacity planning.

Longer horizon, organoid and microphysiological adoption may reshape segment mix; teams that invest early in assay interoperability and cloud QC hooks are better positioned to capture upside without fragmenting their analytics stack.

Companies

Key companies profiled in Lithium Ion Battery Recycling Market

Profiles of 109 companies operating in the Lithium Ion Battery Recycling Market market, including revenue, employee count, and market positioning where available.

Region

Industry

Founded Year

Showing 109 of 109 companies

Glencore p

Glencore plc

Energy & Power

Glencore plc is a Swiss multinational commodity trading and mining company with headquarters in Baar, Switzerland. Glencore's oil and gas head office is in London and its registered office is in Saint Helier, Jersey. The current company was created through a merger of Glencore with Xstrata on 2 May 2013. As of 2015, it ranked tenth in the Fortune Global 500 list of the world's largest companies. In the 2020 Forbes Global 2000, Glencore International was ranked as the 484th-largest public company in the world. As of July 2022, it is the world's largest commodity trader. As Glencore International, the company was already one of the world's largest integrated producers and marketers of commodities. It was the largest company in Switzerland as well as the world's largest commodities trading company, with a 2010 global market share of 60% in internationally tradable zinc, 50% in internationally tradable copper, 9% in the internationally tradable grain market and 3% in the internationally tradable oil market. Glencore has a number of production facilities all around the world and supplied metals, minerals, crude oil, oil products, coal, natural gas and agricultural products to international customers in the automotive, power generation, steel production and food processing industries.

United States, North America

Fortum Oyj

Energy & Power

Fortum Oyj is a Finnish state-owned energy company located in Espoo, Finland. It mainly focuses on the Nordic region. Fortum operates power plants, including co-generation plants, and generates and sells electricity and heat. The company also sells waste services such as recycling, reutilisation, final disposal solutions and soil remediation and environmental constructions services, and other energy-related services and products e.g. consultancy services for power plants and electric vehicle charging. Fortum is listed on the Nasdaq Helsinki stock exchange. In 2020 Fortum was the biggest company in Finland by its revenue. The majority of its income came from Uniper that became Fortum's subsidiary in March 2020. Uniper was nationalised by Germany on the 21 September 2022 for 8 billion euros. Fortum is Europe's third-largest producer of carbon-free electricity, Europe's second-largest producer of nuclear power

United States, North America

Umicore

Energy & Power

Umicore is a leading circular materials technology company with an extensive expertise in the fields of material science, chemistry and metallurgy. The company overriding goal of sustainable value creation is based on the ambition to develop, produce and recycle materials in a way that fulfils their mission: "materials for a better life". The company divides its operations into four divisions: Energy Materials, Recycling, Catalysis, and Performance Materials. The Energy Materials division manufactures a range of specialised metal and metalloid products for industrial use, including fine metal powders for diamond and hard metal tools, as well as oxides and salts of cobalt, lithium and nickel for use in batteries, glass and ceramics. The Recycling business segment covers four main activities: its core business is the recycling and refining of various precious and other non-ferrous metals, as well as certain nonmetals such as selenium. The Recycling segment, based in Hanau, Germany, also encompasses a management unit, which sells precious metals in ingot form to industrial clients and offers access to related financial instruments for hedging purposes. A Catalysis is Umicore's third business segment, its largest in terms of revenue, is composed of two subdivisions, Automotive Catalysts and Precious Metals Chemistry. Performance Materials concentrates on the production of specialised items, chiefly from precious metals and zinc.

United States, North America

Neometals

Neometals Limited

Energy & Power

Neometals Limited is a company that operates in the lithium battery and Vanadium recovery industries. They develop and operate recycling and recovery plants for both industries. Neometals' lithium-ion battery recycling process targets the Consumer electronic batteries: Lithium cobalt oxide (LCO) cathodes, Nickel-rich electric vehicle and stationary storage battery chemistries: Lithium-nickel-manganese-cobalt (NMC) cathodes, and End-of-life cells: Lithium-ion battery production scrap. Neometals is an emerging, sustainable battery materials producer. The Company has developed a suite of green battery materials processing technologies that reduce reliance on traditional mining and processing and support circular economic principles. Neometals’ three core business units: Lithium-ion Battery (“LIB”) Recycling – to produce new battery materials from spent LIBs in a 50:50 JV (Primobius) with German plant builder SMS group. Primobius has a 10tpd commercial Shredding ‘Spoke’ operation in Germany, it is the recycling technology partner to Mercedes Benz and is planning its first 50tpd operation with Stelco Inc. in Canada; Vanadium Recovery - to produce high-purity V2O5 via processing of steelmaking by-product (“Slag”). Developing a 300,000tpa ~73:17 JV operation in Pori, Finland, underpinned by a 10-year Slag supply agreement with steelmaker SSAB. MOU with H2Green Steel underpins potential second operation in Boden, Sweden; and Lithium Chemicals – to produce battery quality LiOH from brine and/or hard-rock feedstocks using patented ELi™ electrolysis process owned by RAM (70% NMT, 30% Mineral Resources Ltd). Targeting initial 25,000tpa operation in Estarreja with Portugal’s largest chemical producer, Bondalti Chemicals S.A.

United States, North America

TES-AMM

Energy & Power

TES-AMM (Singapore) Pte Ltd is a global leader in electronic scrap recycling. Their battery recycling facility in Singapore, TES B, is the first of its kind in Southeast Asia. It can recycle up to 14 tonnes of lithium-ion batteries per day, which is the equivalent of 280,000 smartphone batteries. TES's recycling process creates a closed-loop for lithium-ion batteries. This means that recovered materials can be reused in the manufacturing supply chain. TES-AMM's recycling plants use state-of-the-art equipment and techniques to minimize the environmental impact of recycled equipment.

United States, North America

Li-Cycle H

Li-Cycle Holdings

Energy & Power

Li-Cycle Holdings is a leading global lithium-ion battery resource recovery company and North America’s largest pure-play lithium-ion battery recycler, with a rapidly growing presence across Europe. Established in 2016, and with major customers and partners around the world, Li-Cycle is on a mission to recover critical battery-grade materials to create a domestic closed-loop battery supply chain for a clean energy future. The Company leverages its innovative, sustainable, and patent-protected Spoke & Hub Technologies™ to provide a safe, scalable, customer-centric solution to recycle all different types of lithium-ion batteries. The company recycle battery manufacturing scrap and end-of-life batteries to produce black mass, a powder-like substance which contains a number of valuable metals, including lithium, nickel, and cobalt.

United States, North America

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About the Author

Batteries Research Team

Energy & Power · Batteries

This report comes from Wantstats' energy team — analysts who spend their days tracking utility filings, generation capacity, and grid investment plans across markets most research glosses over. Every number here has been checked against our own databases and validated through conversations with people actually running these projects. This report specifically covers the Batteries space within that portfolio.

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This is really good guys. Excellent work on a tight deadline. I will continue to use you going forward and recommend you to others. Nice job.

Michael Robert

Manager, JavolVision

Thanks, I am so happy that we worked together. Maybe we still can work together in the future.

Joseph Aguayo

Sales Operations & Pricing Manager, Intel

Thanks. It's been a pleasure working with you, please use me as reference with any other Intel employees.

Bong Lau

Sales Leader, Bamberg

We bought your "2025 report" in 2020. Everything is fine and very good.

Peter Groot Koerkamp

Account and Business Manager, EFS-Holland BV

Thanks for sending the report it gives us a good global view of the Betaïne market.

Younghwan Choi

Senior Retail Manager, LG Chem

We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.

Mark Irwin

Management Consultant, Level 21

I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.

Rob Kooiker

Group Product Manager HVAC & Fire Protection GMA, Rockwool

I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!

Jason Lee

R&D Director, Seojin

Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.

Akif Moroglu

Strategy & Business Development Director, Dogan Holding

We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.

Lithium Ion Battery Recycling Market

Lithium Ion Battery Recycling Market Research Report: Size, Share, Trend Analysis By Source (Electronics, Electric Vehicles, Power Tools, Others, Total), By Chemistry (Lithium Cobalt Oxide, Lithium Iron Phosphate, Lithium Manganese Oxide, Lithium Nickel Cobalt Aluminum Oxide, Lithium Nickel Manganese Cobalt Oxide, Total) and By Region (North America, Europe, Asia Pacific, Rest of the World) - Growth Outlook & Industry Forecast To 2032

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$4,950

Lithium Ion Battery Recycling Market

Key Insight

Market Performance Trend

Market Scope & Coverage

What this report covers

Market Share by Application

Market Dimensions

How this market is segmented

Geographic Analysis

Regional market breakdown

Problem Definition

Secondary Research

Primary Research

Data Analysis

Insights & Reporting

Research Depth

Save over 20% onAnnual Subscription

Key Analytical Findings

Market Dynamics

Competitive Landscape

Strategic Outlook and Future Directions

About the Author

Batteries Research Team

Market Performance Trend

Market Share by Application

Market Dimensions

How this market is segmented

Geographic Analysis

Regional market breakdown

Problem Definition

Secondary Research

Primary Research

Data Analysis

Insights & Reporting

Research Depth

Save over 20% onAnnual Subscription

Key Analytical Findings

Market Dynamics

Competitive Landscape

Strategic Outlook and Future Directions

About the Author

Batteries Research Team

Save over 20% on
Annual Subscription

Save over 20% on
Annual Subscription