Published Date : 2025-Mar-24
As the global push for sustainability accelerates, battery recycling has become a crucial industry. The demand for electric vehicles (EVs), renewable energy storage, and consumer electronics has led to a surge in lithium-ion battery usage, creating a pressing need for efficient recycling solutions.
The market is projected to reach $45.7 billion by 2033, growing at a CAGR of 10.22% from 2025 to 2033 according to a new report by Intellectual Market Insights Research.
Battery Recycling Market Leading Companies Are: Li-Cycle, ACCUREC-Recycling GmbH, AkkuSer, American Battery Technology Company, EnerSys, Green Li-ion, Redwood Materials, Exide Industries Limited, RecycLiCo Battery Materials, Stena Metall AB And More.
Below is a list of top leading battery recycling players along with company details.
Overview: Redwood Materials is One of the largest lithium-ion battery recyclers in the world. The company focuses on closed-loop recycling, extracting valuable materials like lithium, cobalt, nickel, and copper from used batteries to manufacture new ones.
Redwood plays a crucial role in the electric vehicle (EV) supply chain, working with automakers, battery manufacturers, and tech companies to ensure sustainable battery production. Its goal is to create a circular battery economy, reducing dependence on mining and lowering carbon emissions.
Redwood Materials is shaping the future of sustainable battery production, ensuring that battery waste is minimized, and resources are reused efficiently.
Overview: Li-Cycle Holdings Corp. is a leading lithium-ion battery recycling company specializing in recovering critical battery materials such as lithium, cobalt, and nickel. The company’s proprietary Spoke & Hub™ Technology enables it to efficiently recycle batteries with minimal waste and environmental impact.
As demand for electric vehicles (EVs) and renewable energy storage increases, Li-Cycle plays a crucial role in ensuring a sustainable supply chain for battery materials while reducing reliance on mining.
Li-Cycle is shaping the future of battery recycling, ensuring that critical materials are recovered, reused, and reintegrated into the clean energy economy.
Overview: Northvolt is a Swedish battery manufacturer and recycler specializing in sustainable lithium-ion battery production and closed-loop recycling. Founded in 2016, Northvolt has become a key player in the European EV battery supply chain, with a strong focus on reducing carbon emissions and achieving a circular battery economy.
Through its "Revolt" battery recycling program, Northvolt recovers critical materials like lithium, nickel, cobalt, and manganese, helping reduce reliance on mining. The company partners with leading automakers and energy firms, ensuring a sustainable and independent European battery supply.
Northvolt is revolutionizing green battery production and recycling, ensuring sustainable energy storage solutions for a cleaner future.
Overview: Ascend Elements is a U.S.-based battery recycling and materials engineering company specializing in closed-loop recycling of lithium-ion batteries. The company has developed an innovative process that directly recycles and refines cathode materials from used batteries, reducing the need for mining new raw materials.
Unlike traditional recycling methods that break down batteries into raw elements, Ascend Elements reclaims battery-grade cathode material directly, significantly lowering carbon emissions, energy consumption, and costs.
With major partnerships in the EV and energy storage industries, Ascend Elements is helping build a sustainable battery supply chain while reducing environmental impact.
Ascend Elements is reshaping the future of battery recycling, ensuring that critical materials are reused efficiently while reducing environmental impact.
Overview: Ecobat is a global leader in battery recycling and resource recovery, specializing in lead-acid and lithium-ion battery recycling. The company is one of the largest recyclers of batteries worldwide, playing a pivotal role in the circular economy of energy storage.
Originally focused on lead battery recycling, Ecobat has expanded into lithium-ion battery recycling, supporting the EV industry, renewable energy storage, and industrial power applications. With operations across Europe, North America, and Africa, Ecobat is ensuring that battery materials are sustainably recovered and reused, reducing environmental impact and reliance on raw material mining.
Ecobat is driving the future of battery recycling, ensuring that critical materials are recovered and reintegrated into the clean energy economy.
Overview: ABTC is a U.S.-based battery materials and recycling firm specializing in lithium-ion battery recycling, primary battery metal extraction, and refining. ABTC plays a crucial role in creating a domestic supply chain for critical battery materials, reducing the U.S. dependence on foreign sources of lithium, nickel, and cobalt.
With its innovative recycling technology, ABTC efficiently extracts battery-grade lithium, nickel, cobalt, and manganese from used batteries, minimizing environmental impact and supporting the growing EV industry.
American Battery Technology Company is reshaping the future of sustainable energy storage, ensuring that critical battery materials are recycled, refined, and reintegrated into the clean energy economy.
Overview: Electra Battery Materials is a Canadian-based battery recycling and materials refining company, specializing in the processing of lithium-ion battery metals such as cobalt, nickel, manganese, and lithium. The company plays a crucial role in North America’s EV battery supply chain, ensuring a sustainable and localized source of critical battery materials.
Electra is focused on battery metal refining, closed-loop recycling, and ethical sourcing, reducing reliance on imports while lowering the environmental impact of battery production.
Electra Battery Materials is pioneering the future of sustainable battery production, ensuring that critical metals are recycled, refined, and reintegrated into North America's clean energy economy.
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