Automotive Lithium-Ion Battery Recycling Market

The automotive lithium-ion battery recycling market is projected to grow from USD 12.87 billion in 2025 to USD 36.33 billion by 2032, at a CAGR of 16.0% during the forecasted period. The automotive lithium-ion battery recycling market is quickly becoming a major player in the global electric vehicle (EV) ecosystem. The main driver of this market is the rapid increase in EVs and the consequent rise in the number of end-of-life batteries. The main factors pushing this trend are the high demand for critical battery metals like lithium, nickel, cobalt, and manganese, combined with the uncertainties and risks associated with the primary mining of these metals. Strict environmental regulations, the introduction of producer responsibility (EPR) policies, and the provision of government subsidies in the main EV markets are resulting in manufacturers of cars and batteries resorting to the use of closed-loop recycling processes. At the same time, the sustainability commitments of OEMs to reduce GHG emissions throughout the whole lifecycle stage are also indirectly increasing their dependence on recycled battery materials. Such materials come at a lower environmental cost compared to virgin sources. New techniques in hydrometallurgical and direct recycling processes, along with the influx of funds and the formation of strategic partnerships throughout the automotive value chain, are facilitating the adoption and upscaling of lithium-ion battery recycling programs.

Contemporary Amperex Technology Co., Ltd. (China), Umicore (Belgium), Glencore (Switzerland), Cirba Solutions (US), and RecycLiCo Battery Materials Inc. (Canada) fall under the winners' category. These are leading players in the automotive lithium-ion battery recycling market. These players have adopted strategies such as acquisitions, expansions, and partnerships to increase their market share.

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Contemporary Amperex Technology Co., Ltd. (China)

Contemporary Amperex Technology Co., Ltd. (CATL) focuses on new innovative technologies. It is listed on the Shenzhen Stock Exchange (China). CATL offers its services through a solution-based portfolio that includes passenger vehicles, commercial applications, energy storage systems, and battery recycling. The company recycles lithium-ion batteries through its subsidiary, Guangdong Brunp Recycling Technology (China).

Guangdong Brunp Recycling Technology, formerly known as Foshan Brunp Recycling Science and Technology Co., Ltd., was established in 2005. It operates the entire battery industrial chain recycling system and recovers nickel, cobalt, manganese, and lithium from spent digital batteries and auto power batteries. CATL operates its subsidiaries in France, the US, Canada, and Japan, among other countries. It has approximately 13 manufacturing facilities in China, Hungary, and Germany, and 5 R&D centers in China and Munich (Germany).

Umicore (Belgium)

Umicore is a materials technology company and recycling group in chemistry, material science, and metallurgy, with operations across Europe, North America, South America, Asia Pacific, and Africa. It operates through three business segments, namely recycling, catalysis, and energy & surface technologies. The recycling segment comprises battery recycling solutions, jewelry & industrial metals, precious metals management, and precious metals refining.

Umicore serves various industries, including energy, automotive, recycling, chemicals, manufacturing, optics & displays, precious metals, and electronics. It operates a recycling facility in Hoboken (Belgium). Also, the company recycles batteries through its recycling plant in Hanau (Germany). Both facilities employ hydrometallurgy and pyrometallurgy recycling processes while recycling batteries. The feedstock for recycling includes industrial residues, electronic scrap, batteries, automotive & industrial catalysts, and fuel cells. The company comprises 15 R&D facilities focusing on various developments, including battery recycling and advanced technology development related to decarbonization and emission reduction programs.

Glencore (Switzerland)

Glencore is a diversified natural resource company and one of the major recyclers and processors of lithium-ion batteries, end-of-life electronics, and other metal-bearing products. The company recovers products, including copper, nickel, cobalt, zinc, ferroalloys, and precious metals. It operates its business through two reportable segments: metals & minerals and energy products. Lithium-ion battery recycling services are offered in the metals and minerals segment.

Glencore's facilities safely treat complex feeds such as lithium-ion or NiMH batteries, catalysts, and plating sludge. With operations in the Americas, Asia Pacific, Africa, and Europe, Glencore processes small, portable batteries, as EDV batteries present a higher risk due to the various chemistries involved. It has a global marketing network, with offices in over 35 countries. The company imposes a treatment charge for processing batteries and offers a significant cobalt credit back to customers sending batteries.

Related Reports:

Automotive Lithium-lon Battery Recycling Market by Battery Chemistry (LFP, NMC, LMO, NCA, LTO), Battery Component, Recycling Process (Hydrometallurgy, Pyrometallurgy, Physical/Mechanical), and Region - Forecast to 2032

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