The Li-ion Battery Recycling Market is poised to exhibit remarkable growth, with a projected CAGR of 21.3% from 2023 to 2030. The rapid expansion of this market can be attributed to the increasing demand for electric vehicles, a surge in the need for managing used battery disposal, and declining battery prices. Furthermore, government incentives for battery recycling and the rising recovery of valuable materials offer growth opportunities. Notably, technological advancements in recycling are a major trend in this industry. However, a lack of proper recycling infrastructure and the high cost of Li-ion recycling pose challenges to its growth.
Here are the Top 10 Companies Operating in the Li-ion Battery Recycling Market: https://meticulousblog.org/top-10-companies-in-li-ion-battery-recycling-market/
Glencore plc (Switzerland): Founded in 1974, headquartered in Zug, Switzerland, Glencore is engaged in recycling end-of-life electronics and lithium-ion batteries, among other products. The company processes complex input materials, including lithium-ion batteries, to support the battery supply chain.
Li-Cycle Holdings Corp. (Canada): Established in 2016 and based in Toronto, Canada, Li-Cycle is a leader in lithium-ion battery resource recovery and recycling. The company processes battery manufacturing scrap and end-of-life batteries to produce black mass, a form of e-waste.
Umicore SA (Belgium): Founded in 1989 and headquartered in Brussels, Belgium, Umicore provides recycling services for lithium-ion, lithium polymer, and nickel metal hydride batteries. The company recovers precious and non-ferrous metals from various sources.
Tata Chemicals Limited (India): Incorporated in 1939 and headquartered in Mumbai, India, Tata Chemicals manufactures chemical products and offers basic and industrial chemicals, including recycling of lithium-ion batteries.
Fortum Corporation (Finland): Established in 1998 and based in Espoo, Finland, Fortum is involved in CO2-free power generation, electricity sales, district heating, and recycling and waste solutions.
Attero Recycling Pvt. Ltd. (India): Founded in 2008, Attero Recycling provides recycling and waste management services. The company recycles various products, including lithium-ion batteries.
Lithion Recycling Inc. (Canada): Established in 2018 and headquartered in Quebec, Canada, Lithion Recycling specializes in recycling lithium-ion batteries from electric vehicles and portable electronics.
Duesenfeld GmbH (Germany): Founded in 2017 and based in Lower Saxony, Germany, Duesenfeld has developed innovative recycling processes for lithium-ion batteries that do not require melting or heating.
Trishulavel Eshan Pvt Ltd (Li-Circle) (India): Founded in 2020, Trishulavel Eshan is engaged in recycling lithium-ion batteries used in various applications, from portable electronic devices to electric vehicle batteries.
American Battery Technology Company (U.S.): Established in 2011 and headquartered in Nevada, ABTC develops a lithium-ion battery recycling system capable of recycling batteries with various form factors and cathode chemistries.
Meticulous Research, in its latest report on the Li-ion Battery Recycling Market, predicts a growth rate of 21.3% during the forecast period of 2023-2030.
Top 10 Companies in The Li-ion Battery Recycling Market: https://meticulousblog.org/top-10-companies-in-li-ion-battery-recycling-market/
For comprehensive information on these companies, including recent financial performance, key products, strategies, partnerships, and acquisitions, please refer to Meticulous Research®'s new report, which offers global market size estimates, market share analysis, revenue figures, and covers key industry trends and issues.
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