Battery Recycling Market Leaders 2023 : Exploring the Top 10 Key Companies in worldwide

The battery recycling market is witnessing rapid growth in demand as raw materials such as lithium, nickel, cobalt, and manganese used in the manufacturing of cathode of batteries are limited. In contrast, these materials are witnessing an escalating demand from the end-user verticals, including automotive & transportation, consumer electronics, and various other industries. Besides, the raw materials deployed in the making of batteries are detrimental to the environment. Recycling and reusing the constituents in used batteries further aids in the preservation of natural resources; therefore, propelling the market growth for recycled battery materials.

Leading companies in the electronics industry are recognizing the growing need for sustainable, eco-friendly, and green products. According to Emergen Research, the global battery recycling market size is expected to reach USD 24.57 Billion in 2027, at a CAGR of 5.3% during the forecast period. In order to align with customer preferences and various government regulations for environment protection, companies are developing recycling solutions and technologies for batteries. The use of emission-free and safe recyclable solutions and technologies help in reducing electronic wastage and can be used for recovering expensive materials used in battery production. These factors are expected to drive adoption of battery recycling solutions in various sectors.

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These manufacturers include Ecobat Logistics, East Penn Manufacturing Company Inc., Gopher Resource LLC, Retriev Technoloies Inc., Battery Solutions Inc., RSR Corporation, Glencore International AG, Fortum Oyj, Call2Recycle Inc., and Doe Run Company, among others.

Overall, these top manufacturers in the battery recycling market are playing a crucial role in reducing waste, preserving natural resources, and promoting sustainability. They are developing innovative technologies that can help increase the efficiency of battery recycling and contribute to a more sustainable future.

Top Battery Recycling Companies in Worldwide:

Umicore - A leading global materials technology company that specializes in recycling metals, such as cobalt, nickel, and lithium, from used batteries.

GEM Co., Ltd. - A company that focuses on the recovery of lithium and cobalt from used batteries and operates in China, Japan, and South Korea.

Retriev Technologies Inc. - A US-based company that specializes in the recycling of nickel-cadmium batteries and has developed a unique process for separating cadmium from other materials.

Glencore International AG - A Swiss-based company that operates in the mining and metals industry and has invested in battery recycling as part of its sustainability strategy.

Battery Solutions LLC - A US-based company that specializes in the recycling of lead-acid batteries and has developed a closed-loop process that recovers up to 99% of the materials in these batteries.

Exide Technologies - A global leader in lead-acid battery recycling, with operations in North America and Europe.

Johnson Controls International plc - A global leader in automotive batteries and advanced recycling technologies.

ECOBAT Technologies Ltd. - A UK-based company that specializes in lead-acid battery recycling and operates in Europe, North America, and Asia.

These companies are focusing on expanding their market presence by adopting various strategies such as mergers and acquisitions, partnerships, and collaborations. For instance, in 2021, Umicore announced the acquisition of Freeport Cobalt's cobalt refining and cathode precursor activities in Kokkola, Finland, to strengthen its position in the battery materials value chain. Similarly, in 2020, Aqua Metals Inc. announced a partnership with Clarios to develop a closed-loop recycling process for lead-acid batteries.

Moreover, advancements in battery recycling technologies are also expected to create new opportunities in the market. For instance, the development of hydrometallurgical processes for recycling lithium-ion batteries is expected to improve the efficiency and cost-effectiveness of the recycling process.

In summary, the battery recycling market is highly competitive, with several key players operating in the industry. These companies are focusing on expanding their market presence by adopting various strategies such as mergers and acquisitions, partnerships, and collaborations. The market is expected to witness significant growth in the coming years, driven by the increasing demand for electric vehicles, government regulations, and advancements in recycling technologies.

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Future Growth :

The battery recycling market is expected to experience significant growth in the coming years due to the increasing demand for electric vehicles and other electronic devices that use batteries. This growth will be driven by the need for sustainable solutions for the disposal of used batteries, as well as the increasing focus on reducing carbon emissions and preserving natural resources.

Geographically, this report studies the key regions, focuses on product sales, value, market share and growth opportunity in these regions, covering:

United States

Europe

China

Japan

Southeast Asia

India

We can also provide the customized separate regional or country-level reports, for the following regions:

North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central & South America, Brazil, Argentina, Rest of South America, Middle East & Africa, Saudi Arabia, Turkey, Rest of Middle East & Africa

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