Electric Vehicles Battery Recycling Market

The global EV Battery Recycling market is projected to grow from USD 9.0 billion in 2023 to USD 56.3 billion by 2031, at a CAGR of 25.8% during the forecast period. The primary function of EV battery recycling is to recover valuable raw materials from used electric vehicle (EV) batteries, reduce costs, and lower the environmental impact of disposing of these batteries. Widely used for automotive industry and industrial settings, these EV battery recycling plays a crucial role in battery technology.

Electric Vehicles Battery Recycling Companies

Companies such as Contemporary Amperex Technology Co., Limited. (China), Glencore (Switzerland), GEM Co., Ltd. (China), ERAMET (France), Li-Cycle Corp (Canada), Umicore (Belgium) fall under the winners’ category. These are leading players in the EV battery recycling market globally. These players have adopted the strategies of acquisitions, expansions, partnerships, and investments to increase their market shares.

To know about the assumptions considered for the study download the pdf brochure

Contemporary Amperex Technology Co., Limited.

Contemporary Amperex Technology Co., Limited (CATL) is a Shenzhen Stock Exchange-listed company specializing in innovative new energy technologies. CATL provides a comprehensive portfolio of solutions, including passenger vehicles, commercial applications and EV battery recycling. The company is actively involved in lithium-ion battery recycling through its subsidiary, Guangdong Brunp Recycling Technology (China), which was formerly known as Foshan Brunp Recycling Science and Technology Co., Ltd., established in 2005. This subsidiary operates a complete battery industrial chain recycling system, recovering key materials such as nickel, cobalt, manganese, and lithium from both digital and auto power batteries. With a waste battery disposal capacity of approximately 120,000 tons per year, it produces various materials with a yield exceeding 99%. CATL has a global presence with subsidiaries in France, the US, Canada, and Japan, and operates manufacturing facilities in China, Hungary, and Germany, supported by five research and development centers in China and Munich, Germany.

Glencore

Glencore is a worldwide integrated natural resource company with a diverse portfolio encompassing the production and trading of over 90 commodities. Operating through two business segments, Industrial and Marketing, it engages in both metals and energy within the industrial business. Notably, Glencore is a significant player in recycling, focusing on end-of-life electronics, lithium-ion batteries, and critical metal-containing products sourced from original equipment manufacturers (OEMs) and other end-of-life channels. The company's recycling business caters to various industries, including chemical, electrical & electronics, and automotive.

At Sudbury Integrated Nickel Operations (Sudbury INO) in Ontario, Glencore can safely process diverse feeds such as Li-ion, Ni-ion, Co-ion, and Zn-ion batteries, catalysts, and plating sludges. The company's recycling facilities have a global presence spanning North America, South America, and Europe, supported by Glencore's extensive global marketing network with offices in over 35 countries.

GEM Co., Ltd.

GEM Co., Ltd. is a prominent player in the new energy material and cemented carbide material sectors, specializing in the recycling of rare metals, battery packs, electronic waste, and used cars. The company provides lithium-ion battery recycling services as part of its power battery recycling business. GEM operates various recycling centers, including those for end-of-life vehicles, e-waste processing, waste power batteries, battery material manufacturing, waste plastic, solid waste treatment, and nickel-cobalt-tungsten resource recycling. These facilities play a crucial role in recovering valuable metals like lithium, nickel, cobalt, manganese, copper, and aluminum from used batteries, which are then reused to manufacture new battery materials. With efficient green dismantling lines, GEM manages over 250,000 tons of waste power battery packs annually.

GEM extends its operations globally with a presence in Europe, North America, and Asia. The company has established new energy materials facilities and 16 waste recycling parks across 11 provinces and municipalities in China, including Hubei, Hunan, Guangdong, Jiangxi, Henan, Tianjin, Jiangsu, Zhejiang, Shanxi, Inner Mongolia, and Fujian.

ERAMET

ERAMET Group specializes in battery recycling, and it has a subsidiary named Valdi. In February 2017, Valdi completed its first battery recycling run, where 200 tons of batteries were treated on its Commentary site in France. There is also construction of the lithium plant. Valdi, situated at its Commentary facility in France, is dedicated to the recycling of batteries, catalysts, and metal oxides. Valdi also involves in the development of various materials and products made from recycled materials. Some of these materials are lithium, manganese, cobalt and others.

It has a recycling capacity of 20,000 tones/year and the company has initiated the building of a pre-industrial demonstrator at its research and innovation center near Paris first battery recycling plant in the Dunkirk region. The company operates two sites in France, one in Commentry and another in Feurs.

Li-Cycle Corp.

Li-Cycle Corp. specializes in the recovery of lithium-ion battery resources, employing patented Spoke & Hub Technologies for end-of-life solutions. These technologies utilize mechanical reduction and hydrometallurgical processes to efficiently recycle lithium-ion batteries, extracting valuable materials like lithium, cobalt, and copper from batteries of all chemistries. The company provides battery recycling services for applications in electric vehicles, e-mobility, lithium-ion battery manufacturing, consumer electronics, and energy storage. With four operational Spoke recycling facilities in North America processing approximately 51,000 tons annually, Li-Cycle is expanding its capabilities with three commercial recycling plants in Germany, Rochester, and Norway, expected to process over 30,000 tons of lithium-ion batteries per year. Operating in Canada and the US, Li-Cycle functions as a single operating segment.

Umicore

Umicore is a prominent global materials technology and recycling group operating across three main segments: recycling, catalysis, and energy & surface technologies. The recycling segment encompasses jewelry & industrial metals, precious metal management, and precious metal refining, with a new addition in 2021—the battery recycling solutions (BRS) business unit. Umicore serves diverse industries like chemical, electrical & electronics, and automotive.

The company runs a state-of-the-art metals recycling facility in Hoboken, Belgium, with a battery recycling plant processing over 7,000 tons of lithium-ion batteries annually. Battery recycling is also conducted at a facility in Hanau, Germany, using hydrometallurgy and pyrometallurgy processes. Umicore's recycling feedstock includes industrial residues, electronic scrap, batteries, automotive & industrial catalysts, and fuel cells.

With 15 research and development facilities worldwide, Umicore focuses on advancements in various areas, including battery recycling and cutting-edge technologies related to decarbonization and emission reduction. The company has a global presence spanning Europe, North America, South America, Asia Pacific, and Africa.

Related Reports:

Electric Vehicles Battery Recycling Market by Source (Passenger Vehicles, Commercial Vehicles, E-Bikes), Chemistry (Li-NMC, LFP, LMO, LTO, NCA), Process, and Region (North America, Europe, Asia Pacific) - Global Forecast to 2031

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]