The lithium-ion battery recycling market in North America is expected to grow from US$ 35.90 million in 2019 to US$ 139.56 million by 2027; it is estimated to grow at a CAGR of 21.4% from 2020 to 2027.
The US, Canada, and Mexico are major economies in North America. Growing demand of electric vehicles (EVs) is driving the North America lithium-ion battery recycling market in a positive way. With the rising growth of the EVs industry, the adoption of lithium-ion batteries is growing exponentially. The rising use of lithium-ion batteries in EVs creates an opportunity for its recycling. A huge number of these batteries contain significant valuable metals as well as other materials, which can be processed and reused. However, in the current scenario, a very insignificant amount of these batteries is recycled. Hitherto, the majority of the effort to enhance lithium-ion battery recycling was carried out by a limited number of academic groups, usually functioning independently. However, the scenario has started to change with a number of research institutions, governments, and EV manufacturers focusing on the recycling of these batteries. Several start-ups are now commercializing innovative battery recycling technologies. Also, several EV battery manufacturers and recycling companies have started collaborating to handle the forthcoming issue. The growing focus of EV manufacturers for lithium-ion battery recycling would further result in increased partnerships among EV manufacturers and recycling companies, thereby offering lucrative opportunities to the players operating in the North America lithium-ion battery recycling market.
Further, the ongoing COVID-19 pandemic is having a very devastating impact over the North America region. Presently, the US is the worst affected country due to COVID-19 outbreak. The US is one of the largest markets for lithium-ion battery recycling especially in space, military, and aerospace sectors. The US is the worst-hit country in North America. The continuous growth of infected individuals has led the government to impose lockdown across the nation’s borders. The majority of the manufacturing plants are shut down, municipalities are functioning slowly as compared to the past, and the industries industries are at a halt, which is negatively impacting the market. The automakers in the country have agreed to evaluate and implement the rotating partial shutdown of factories, extensive deep cleaning of surroundings, stretched periods between shifts, as well as comprehensive plans to avoid member contact. In March, several automakers closed their facilities for extensive cleaning. These include GM, Ford, and Honda Motors. Hence, any impact on the growth of these sectors is expected to affect the economic growth of the region in a negative manner.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the North America lithium-ion battery recycling market. The North America lithium-ion battery recycling market is expected to grow at a good CAGR during the forecast period.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
North America Lithium-ion Battery Recycling Market Segmentation
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
North America Lithium-ion Battery Recycling Market – By Product
- Lithium-Nickel Manganese Cobalt
- Lithium-Iron Phosphate
- Lithium-Manganese Oxide
- Lithium-Titanate Oxide
- Lithium-Nickel Cobalt Aluminum Oxide
North America Lithium-ion Battery Recycling Market – By End-User
- Automotive
- Mining
- Consumer Electronics
- Industrial
- Power
North America Lithium-ion Battery Recycling Market, by Country
- US
- Canada
- Mexico
North America Lithium-ion Battery Recycling Market - Companies Mentioned
- American Manganese Inc.
- Eco-Bat Technologies
- International Metals Reclamation Company (INMETCO)
- Li-Cycle Corp.
- Retriev Technologies
- TES
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Battery Chemistry and Industry
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
US, Canada
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America Lithium-Ion Battery Recycling Market – Key Market Dynamics
4.1 Market Drivers
4.1.1 Inappropriate Lithium-Ion battery disposal
4.1.2 Restoration of precious Metals by lithium-ion battery dumping
4.1.3 Government Programs to Recycle Lithium-Ion Batteries
4.2 Market Restraints
4.2.1 Swing in Raw Battery Materials Cost
4.3 Market Opportunities
4.3.1 Growing Demand of Electric Vehicles (EVs)
4.4 Future Trends
4.4.1 Upcoming of Advanced Economical Ways of Lithium-Ion battery Recycling
4.5 Impact Analysis of Drivers and Restraints
5. North America Lithium-ion Battery Recycling Market Landscape
5.1 Market Overview
5.2 North America PEST Analysis
5.3 Expert Opinion
6. Lithium-ion Battery Recycling Market –North America Analysis
6.1 North America Lithium-ion Battery Recycling Market Overview
6.2 North America Lithium-ion Battery Recycling Market – Revenue and Forecast to 2027 (US$ Million)
7. North America Lithium-ion Battery Recycling Market – By Battery Chemistry
7.1 Overview
7.2 North America Lithium-ion Battery Recycling Market, by Battery Chemistry (2019 and 2027)
7.3 Lithium Nickel Manganese Cobalt
7.3.1 Overview
7.3.2 Lithium Nickel Manganese Cobalt: Lithium-ion Battery Recycling Market – Revenue and Forecast to 2027 (US$ Million)
7.4 Lithium-Iron Phosphate
7.4.1 Overview
7.4.2 Lithium-Iron Phosphate: Lithium-ion Battery Recycling Market – Revenue and Forecast to 2027 (US$ Million)
7.5 Lithium-Manganese Oxide
7.5.1 Overview
7.5.2 Lithium-Manganese Oxide: Lithium-ion Battery Recycling Market – Revenue and Forecast to 2027 (US$ Million)
7.6 Lithium Titanate Oxide
7.6.1 Overview
7.6.2 Lithium Titanate Oxide: Lithium-ion Battery Recycling Market – Revenue and Forecast to 2027 (US$ Million)
7.7 Lithium-Nickel Cobalt Aluminum Oxide
7.7.1 Overview
7.7.2 Lithium-Nickel Cobalt Aluminum Oxide: Lithium-ion Battery Recycling Market – Revenue and Forecast to 2027 (US$ Million)
8. North America Lithium-ion Battery Recycling Market Analysis – By Industry
8.1 Overview
8.2 North America Lithium-ion Battery Recycling Market, By Industry (2019 and 2027)
8.3 Automotive
8.3.1 Overview
8.3.2 Automotive: Lithium-ion Battery Recycling Market – Revenue and Forecast to 2027 (US$ Million)
8.4 Mining
8.4.1 Overview
8.4.1.1 Mining: Lithium-ion Battery Recycling Market – Revenue and Forecast to 2027 (US$ Million)
8.5 Industrial
8.5.1 Overview
8.5.2 Industrial: Lithium-ion Battery Recycling Market – Revenue and Forecast to 2027 (US$ Million)
8.6 Power
8.6.1 Overview
8.6.2 Power: Lithium-ion Battery Recycling Market – Revenue and Forecast to 2027 (US$ Million)
8.7 Consumer Electronics
8.7.1 Overview
8.7.2 Consumer Electronics: Lithium-ion Battery Recycling Market – Revenue and Forecast to 2027 (US$ Million)
9. North America Lithium-Ion Battery Recycling Market – Country Analysis
9.1 Overview
9.1.1 North America: Lithium-Ion Battery Recycling Market, by Key Country
9.1.1.1 US: Lithium-Ion Battery Recycling Market – Revenue and Forecast to 2027 (US$ Million)
9.1.1.1.1 US: Lithium-Ion Battery Recycling Market, by Industry
9.1.1.1.2 US: Lithium-Ion Battery Recycling Market, by Battery Chemistry
9.1.1.2 Canada: Lithium-Ion Battery Recycling Market – Revenue and Forecast to 2027 (US$ Million)
9.1.1.2.1 Canada: Lithium-Ion Battery Recycling Market, by Industry
9.1.1.2.2 Canada: Lithium-Ion Battery Recycling Market, by Battery Chemistry
9.1.1.3 Mexico: Lithium-Ion Battery Recycling Market – Revenue and Forecast to 2027 (US$ Million)
9.1.1.3.1 Mexico: Lithium-Ion Battery Recycling Market, by Industry
9.1.1.3.2 Mexico: Lithium-Ion Battery Recycling Market, by Battery Chemistry
10. Impact of COVID-19 Pandemic On North America Lithium-Ion Battery Recycling Market
10.1 North America: Impact Assessment of COVID-19 Pandemic
11. Lithium-ion Battery Recycling Market-Industry Landscape
11.1 Overview
11.2 Market Initiative
12. Company Profiles
12.1 Ecobat Technologies
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 AMERICAN MANGANESE INC.
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 INTERNATIONAL METALS RECLAMATION COMPANY, LLC
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Li-Cycle Corp
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 RETRIEV TECHNOLOGIES INC.
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 TES (SINGAPORE) PTE LTD
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Glossary of Terms
LIST OF TABLES
Table 1. North America Lithium-ion Battery Recycling Market – Revenue and Forecast to 2027 (US$ Million)
Table 2. US: Lithium-Ion Battery Recycling Market, by Industry –Revenue and Forecast to 2027 (US$ Million)
Table 3. US: Lithium-Ion Battery Recycling Market, by Battery Chemistry –Revenue and Forecast to 2027 (US$ Million)
Table 4. Canada: Lithium-Ion Battery Recycling Market, by Industry –Revenue and Forecast to 2027 (US$ Million)
Table 5. Canada: Lithium-Ion Battery Recycling Market, by Battery Chemistry –Revenue and Forecast to 2027 (US$ Million)
Table 6. Mexico: Lithium-Ion Battery Recycling Market, by Industry –Revenue and Forecast to 2027 (US$ Million)
Table 7. Mexico: Lithium-Ion Battery Recycling Market, by Battery Chemistry –Revenue and Forecast to 2027 (US$ Million)
Table 8. Glossary of Term: Lithium-Ion Battery Recycling Market
LIST OF FIGURES
Figure 1. North America Lithium-ion Battery Recycling Market Segmentation
Figure 2. North America Lithium-ion Battery Recycling Market Segmentation – By Country
Figure 3. North America Lithium-ion Battery Recycling Market Overview
Figure 4. Consumer Electronics Segment Held the Largest Market Share
Figure 5. Lithium-Nickel Manganese Cobalt Segment Held the Largest Market Share
Figure 6. US Held the Largest Market Share
Figure 7. North America Lithium-Ion Battery Recycling Market Impact Analysis of Drivers and Restraints
Figure 8. North America: PEST Analysis
Figure 9. Expert Opinion
Figure 10. North America Lithium-ion Battery Recycling Market – Revenue and Forecast to 2027 (US$ Million)
Figure 11. North America Lithium-ion Battery Recycling Market Revenue Share, by Battery Chemistry (2019 and 2027)
Figure 12. North America Lithium Nickel Manganese Cobalt: Lithium-ion Battery Recycling Market – Revenue and Forecast to 2027 (US$ Million)
Figure 13. North America Lithium-Iron Phosphate: Lithium-ion Battery Recycling Market – Revenue and Forecast to 2027 (US$ Million)
Figure 14. North America Lithium-Manganese Oxide: Lithium-ion Battery Recycling Market – Revenue and Forecast to 2027 (US$ Million)
Figure 15. North America Lithium Titanate Oxide: Lithium-ion Battery Recycling Market – Revenue and Forecast to 2027 (US$ Million)
Figure 16. North America Lithium-Nickel Cobalt Aluminum Oxide: Lithium-ion Battery Recycling Market – Revenue and Forecast to 2027 (US$ Million)
Figure 17. North America Lithium-ion Battery Recycling Market Revenue Share, by Industry (2019 and 2027)
Figure 18. North America Automotive: Lithium-ion Battery Recycling Market – Revenue and Forecast to 2027 (US$ Million)
Figure 19. North America Mining: Lithium-ion Battery Recycling Market – Revenue and Forecast to 2027 (US$ Million)
Figure 20. North America Industrial: Lithium-ion Battery Recycling Market – Revenue and Forecast to 2027 (US$ Million)
Figure 21. North America Power: Lithium-ion Battery Recycling Market – Revenue and Forecast to 2027 (US$ Million)
Figure 22. North America Consumer Electronics: Lithium-ion Battery Recycling Market – Revenue and Forecast to 2027 (US$ Million)
Figure 23. North America: Lithium-Ion Battery Recycling Market Revenue Share, by Key Country (2019 and 2027)
Figure 24. US: Lithium-Ion Battery Recycling Market – Revenue and Forecast To 2027 (US$ Million)
Figure 25. Canada: Lithium-Ion Battery Recycling Market – Revenue and Forecast To 2027 (US$ Million)
Figure 26. Mexico: Lithium-Ion Battery Recycling Market – Revenue and Forecast To 2027 (US$ Million)
Figure 27. IMPACT OF COVID-19 PANDEMIC IN NORTH AMERICA COUNTRY MARKETS
- American Manganese Inc.
- Eco-Bat Technologies
- International Metals Reclamation Company (INMETCO)
- Li-Cycle Corp.
- Retriev Technologies
- TES
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
Trends and growth analysis reports related to North America Lithium-ion Battery Recycling Market
Feb 2021
Spent Nuclear Fuel Waste Management Market
Size and Forecast (2020–2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Reactor Type (Pressurized Water Reactors (PWR), Boiling Water Reactors (BWR), and Gas-Cooled Reactors, and Others); Disposal Type (Near Surface Disposal and Deep Surface Disposal); and Geography
Feb 2021
Solar PV Inverter Market
Size and Forecast (2020–2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Product Type (String, Micro, Central), Phase (Single Phase, Three Phase), Connectivity (Standalone, On-grid), Application (Residential, Community, Commercial and Industrial, Utility), Capacity (Below 5 kW, 5 - 15 kW, 15 - 25 kW, 25 - 50 kW, Above 50 kW); and Geography
Feb 2021
Offshore Oil and Gas Pipes Fittings and Flanges Market
Size and Forecast (2020–2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Product Type (Pipes, Fitting, and Flanges), Material Type (Steel, Alloy Steel, Nickel Alloys, and Copper Alloys); and Geography
Feb 2021
Turboexpander Market
Size and Forecast (2020–2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Loading Device (Compressor, Generator, and Hydraulic/Oil Brake), Power Capacity [Less than 1 MW (Up to 500 KW and 500 KW to 1 MW), 1 MW to 20 MW, and More than 20 MW], End User (Oil and Gas, Power Generation, and Industrial), and Geography
Feb 2021
Green Hydrogen Market
Size and Forecast (2020–2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Technology (Alkaline Electrolysis and PEM Electrolysis), Renewable Source (Wind Energy, Solar Energy, and Others), and End-use Industry (Chemical, Power, Food & Beverages, Medical, Petrochemicals, and Others), and Geography
Feb 2021
Thermal Energy Storage Market
Size and Forecast (2020–2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: Type (Sensible Heat Storage, Latent Heat Storage, Thermochemical Storage), Storage Material (Water, Molten Salt, PCM, Others), Application (District Heating and Cooling, Power Generation, Process Heating and Cooling), and End User (Utility, Nonutility) and Geography
Get Free Sample For