With the explosive growth of the global electric vehicle (EV) market, battery recycling(recycle lithium batteries) is becoming an emerging market that cannot be ignored. The global battery recycling market is expected to grow from about $2.47 billion in 2024 to $17.08 billion by 2030, with an average annual growth rate (CAGR) of 37.6%.
This market not only covers lithium-ion batteries, but also includes lead acid batteries, nickel metal hydride batteries and other battery types, which is a comprehensive and comprehensive recycling market.
This article will focus on the top 10 battery recycling companies in the world including Umicore, EnerSys, Ganfeng Lithium, Ecobat, Li-Cycle, Aqua Metals, ABTC, East Penn, Exide, Hosokawa Micron Group. If you want to explore more information about battery like lithium battery, you can check the following articles in our website:
Company profile: Umicore is a global materials technology and recycling group focused on reducing harmful emissions, advancing electrification and giving scrap metal a new lease of life. Umicore is committed to sustainable development through the recovery of complex waste containing precious and nonferrous metals, extraction and reuse of key materials.
As a leader in battery recycling, Umicore has developed advanced technologies to efficiently recycle metals such as copper, cobalt, nickel and lithium into pure battery-grade materials for the production of new rechargeable batteries.
This closed-loop recycling model not only meets the need for sustainable materials, but also reduces the environmental impact. Through its deep knowledge of metallurgy, chemistry and materials science, Umicore drives the development of clean technology globally and is a market leader of recycled materials technology.
Company profile: EnerSys, the world’s largest industrial battery company, is committed to providing comprehensive battery recycling solutions that help customers protect the environment and comply with regulations.
The company is responsible for collecting all types of waste lead-acid batteries, regardless of their size, number or manufacturer, and goes beyond legal requirements to provide a recycling certificate.
EnerSys ensures that all processes comply with state and federal regulations, schedule flexible collection times, and ensure customer compliance and environmental responsibility.
Company profile: Ganfeng Lithium covers the entire industry chain from resource mining, refining and processing to battery manufacturing and recycling, and its products are widely used in electric vehicles, energy storage and 3C products.
The Group has global lithium resources, mastered the technology of “brine lithium extraction”, “ore lithium extraction” and “recycling lithium extraction”, and has a number of production bases around the world.
Ganfeng Lithium provides comprehensive battery recycling solutions to support the recycling of lithium iron phosphate and ternary batteries, helping manufacturers of electric vehicles and power batteries to solve cycle problems and reduce carbon emissions.
The Group has also set up pre-treatment centers across the country to disassemble decommissioned batteries nearby to reduce transportation risks, and actively promote the construction of a global recycling network to reduce costs and carbon footprint.
Company profile: Ecobat is a leading global battery recycling and resource management company focused on the collection, recycling, production and distribution of materials essential to modern life.
Ecobat recycles and produces lead and polypropylene, which are key components in the development of vehicles, power infrastructure, batteries, and backup power systems. With the popularity of electric vehicles, Ecobat is also expanding its lithium battery recycling services, fulfilling its commitment to protecting the planet.
Ecobat is committed to advancing the circular energy economy by safely and efficiently managing and recycling battery materials through a closed-loop supply chain and sustainable processes.
Company profile: Li-Cycle is a leading global lithium-ion battery recycling company founded in 2016 and headquartered in Canada. The company is focused on using its innovative Spoke & Hub Technologies™ to recycle all types of lithium-ion batteries in a safe, sustainable and scalable manner.
Li-Cycle drives a clean energy future by recycling critical battery-grade materials and building a closed-loop battery supply chain. The company has several recycling facilities in North America and Europe and plans to further expand its global presence by developing a refining and recycling center in Italy.
Company profile: Aqua Metals, a company focused on developing clean, safe metal recycling technologies, has been producing ultra-high purity metals and returning them to the manufacturing supply chain through its innovative AquaRefining process since 2015.
AquaRefining is a patented closed-loop process that reduces emissions and toxic by-products while improving workplace safety. Aqua Metals has been awarded 68 patents to expand its lithium-ion and lead-acid battery recycling footprint, aiming to address a sustainable energy recycling market valued at more than $11 billion over the next decade.
Company profile: American Battery Technology Company (ABTC) has transformed itself from a Nevada mining company into an integrated battery materials business. ABTC’s innovative processing technologies focus on three core business areas: lithium-ion battery recycling, cathode materials production, and primary lithium resource development.
The company is committed to building a sustainable metal-based closed-loop battery economy that reduces dependence on original resources by efficiently recycling and purifying critical materials from used batteries.
ABTC’s recovery process uses automatic decomposition and hydrometallurgy technology to avoid traditional high-temperature melting or crushing methods, achieving higher material recovery rates and lower environmental impact.
Company profile: East Penn Manufacturing, a family-owned company founded in 1946 and headquartered in Lyon Station, Pennsylvania, operates the world’s largest single-point lead-acid battery manufacturing facility.
The company produces lead-acid batteries, battery accessories and wires and cables, which are widely used in automotive, telecommunications, marine, commercial, industrial and fixed power systems.
East Penn is known for its Deka brand of batteries, including valve-controlled lead-acid (VRLA) batteries in 12 volt and 2 volt configurations. The company is committed to environmental protection, and its battery products are 98% recyclable and UL certified for recycled ingredients. This demonstrates East Penn’s significant contribution to promoting natural resource conservation, integrated recycling and carbon reduction.
Company profile: Exide is committed to buying back and recycling used batteries to protect the environment and reduce the informal market. Exide operates two modern lead smelters in Bangalore and Pune, India, recycling used batteries.
Exide also works with third-party smelters to recycle purchased batteries and sell lead in ingots. Through these initiatives, Exide fulfills its commitment to environmental protection and effectively manages used batteries.
Exide’s recycling process includes:
Deconstruction: The use of excavators to cut metal and dismantle building structures, the process is carried out under negative pressure to prevent dust from spreading.
Removal of hazardous waste: Transport hazardous waste to dedicated landfills and avoid passing through residential areas.
Purification: The purified metal is sent to the recycling center.
Paving: Demolish the area for paving treatment.
Disposal of the enclosure unit: Clean, disassemble and safely dispose of the enclosure unit.
Company profile: Hosokawa Micron Group specializes in lithium battery manufacturing and recycling, offering a range of efficient recycling technologies to ensure minimal material loss.
Through customized solutions, the group not only recycles end-of-life batteries, but also recycles waste directly during the production process, increasing production efficiency. Its “On” brand has launched a product line focused on battery material manufacturing, covering the entire process chain from graphite-silicon composite anodes to lithium compound cathodes.
To wrap up
The global battery recycling market is on the verge of an explosion. With the popularity of electric vehicles and the advancement of environmental policies, this market will usher in unprecedented growth.
By 2030, the global battery recycling market will reach $17.08 billion, of which China is expected to occupy more than 40% of the market share, becoming the world’s most important battery recycling center. However, this “mega-market” is not just China’s stage. International players, with their technological innovation and global presence, will also play an important role in this market.
In the future, competition in the battery recycling market will not only be carried out at the technical level, but also in the strategic layout and policy response of the global market. Whoever can master the commanding heights of this super-large market will dominate the global pattern of new energy in the future.
Companies need to combine technical advantages with market demand and seize the opportunity to be invincible in this fast-growing market.
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Top 10 battery recycling companies in the world
With the explosive growth of the global electric vehicle (EV) market, battery recycling(recycle lithium batteries) is becoming an emerging market that cannot be ignored. The global battery recycling market is expected to grow from about $2.47 billion in 2024 to $17.08 billion by 2030, with an average annual growth rate (CAGR) of 37.6%.
This market not only covers lithium-ion batteries, but also includes lead acid batteries, nickel metal hydride batteries and other battery types, which is a comprehensive and comprehensive recycling market.
Best list of top 10 battery recycling companies in the world
The top 10 battery recycling companies in the world includes:
Umicore
Company profile:
Umicore is a global materials technology and recycling group focused on reducing harmful emissions, advancing electrification and giving scrap metal a new lease of life. Umicore is committed to sustainable development through the recovery of complex waste containing precious and nonferrous metals, extraction and reuse of key materials.
As a leader in battery recycling, Umicore has developed advanced technologies to efficiently recycle metals such as copper, cobalt, nickel and lithium into pure battery-grade materials for the production of new rechargeable batteries.
This closed-loop recycling model not only meets the need for sustainable materials, but also reduces the environmental impact. Through its deep knowledge of metallurgy, chemistry and materials science, Umicore drives the development of clean technology globally and is a market leader of recycled materials technology.
EnerSys
Company profile:
EnerSys, the world’s largest industrial battery company, is committed to providing comprehensive battery recycling solutions that help customers protect the environment and comply with regulations.
The company is responsible for collecting all types of waste lead-acid batteries, regardless of their size, number or manufacturer, and goes beyond legal requirements to provide a recycling certificate.
EnerSys ensures that all processes comply with state and federal regulations, schedule flexible collection times, and ensure customer compliance and environmental responsibility.
Ganfeng Lithium
Company profile:
Ganfeng Lithium covers the entire industry chain from resource mining, refining and processing to battery manufacturing and recycling, and its products are widely used in electric vehicles, energy storage and 3C products.
The Group has global lithium resources, mastered the technology of “brine lithium extraction”, “ore lithium extraction” and “recycling lithium extraction”, and has a number of production bases around the world.
Ganfeng Lithium provides comprehensive battery recycling solutions to support the recycling of lithium iron phosphate and ternary batteries, helping manufacturers of electric vehicles and power batteries to solve cycle problems and reduce carbon emissions.
The Group has also set up pre-treatment centers across the country to disassemble decommissioned batteries nearby to reduce transportation risks, and actively promote the construction of a global recycling network to reduce costs and carbon footprint.
Ecobat
Company profile:
Ecobat is a leading global battery recycling and resource management company focused on the collection, recycling, production and distribution of materials essential to modern life.
Ecobat recycles and produces lead and polypropylene, which are key components in the development of vehicles, power infrastructure, batteries, and backup power systems. With the popularity of electric vehicles, Ecobat is also expanding its lithium battery recycling services, fulfilling its commitment to protecting the planet.
Ecobat is committed to advancing the circular energy economy by safely and efficiently managing and recycling battery materials through a closed-loop supply chain and sustainable processes.
Li-Cycle
Company profile:
Li-Cycle is a leading global lithium-ion battery recycling company founded in 2016 and headquartered in Canada. The company is focused on using its innovative Spoke & Hub Technologies™ to recycle all types of lithium-ion batteries in a safe, sustainable and scalable manner.
Li-Cycle drives a clean energy future by recycling critical battery-grade materials and building a closed-loop battery supply chain. The company has several recycling facilities in North America and Europe and plans to further expand its global presence by developing a refining and recycling center in Italy.
Aqua Metals
Company profile:
Aqua Metals, a company focused on developing clean, safe metal recycling technologies, has been producing ultra-high purity metals and returning them to the manufacturing supply chain through its innovative AquaRefining process since 2015.
AquaRefining is a patented closed-loop process that reduces emissions and toxic by-products while improving workplace safety. Aqua Metals has been awarded 68 patents to expand its lithium-ion and lead-acid battery recycling footprint, aiming to address a sustainable energy recycling market valued at more than $11 billion over the next decade.
ABTC
Company profile:
American Battery Technology Company (ABTC) has transformed itself from a Nevada mining company into an integrated battery materials business. ABTC’s innovative processing technologies focus on three core business areas: lithium-ion battery recycling, cathode materials production, and primary lithium resource development.
The company is committed to building a sustainable metal-based closed-loop battery economy that reduces dependence on original resources by efficiently recycling and purifying critical materials from used batteries.
ABTC’s recovery process uses automatic decomposition and hydrometallurgy technology to avoid traditional high-temperature melting or crushing methods, achieving higher material recovery rates and lower environmental impact.
East Penn
Company profile:
East Penn Manufacturing, a family-owned company founded in 1946 and headquartered in Lyon Station, Pennsylvania, operates the world’s largest single-point lead-acid battery manufacturing facility.
The company produces lead-acid batteries, battery accessories and wires and cables, which are widely used in automotive, telecommunications, marine, commercial, industrial and fixed power systems.
East Penn is known for its Deka brand of batteries, including valve-controlled lead-acid (VRLA) batteries in 12 volt and 2 volt configurations. The company is committed to environmental protection, and its battery products are 98% recyclable and UL certified for recycled ingredients. This demonstrates East Penn’s significant contribution to promoting natural resource conservation, integrated recycling and carbon reduction.
Exide
Company profile:
Exide is committed to buying back and recycling used batteries to protect the environment and reduce the informal market. Exide operates two modern lead smelters in Bangalore and Pune, India, recycling used batteries.
Exide also works with third-party smelters to recycle purchased batteries and sell lead in ingots. Through these initiatives, Exide fulfills its commitment to environmental protection and effectively manages used batteries.
Exide’s recycling process includes:
Hosokawa Micron Group
Company profile:
Hosokawa Micron Group specializes in lithium battery manufacturing and recycling, offering a range of efficient recycling technologies to ensure minimal material loss.
Through customized solutions, the group not only recycles end-of-life batteries, but also recycles waste directly during the production process, increasing production efficiency. Its “On” brand has launched a product line focused on battery material manufacturing, covering the entire process chain from graphite-silicon composite anodes to lithium compound cathodes.
To wrap up
The global battery recycling market is on the verge of an explosion. With the popularity of electric vehicles and the advancement of environmental policies, this market will usher in unprecedented growth.
By 2030, the global battery recycling market will reach $17.08 billion, of which China is expected to occupy more than 40% of the market share, becoming the world’s most important battery recycling center. However, this “mega-market” is not just China’s stage. International players, with their technological innovation and global presence, will also play an important role in this market.
In the future, competition in the battery recycling market will not only be carried out at the technical level, but also in the strategic layout and policy response of the global market. Whoever can master the commanding heights of this super-large market will dominate the global pattern of new energy in the future.
Companies need to combine technical advantages with market demand and seize the opportunity to be invincible in this fast-growing market.