About Market Research Forecast

MR Forecast provides premium market intelligence on deep technologies that can cause a high level of disruption in the market within the next few years. When it comes to doing market viability analyses for technologies at very early phases of development, MR Forecast is second to none. What sets us apart is our set of market estimates based on secondary research data, which in turn gets validated through primary research by key companies in the target market and other stakeholders. It only covers technologies pertaining to Healthcare, IT, big data analysis, block chain technology, Artificial Intelligence (AI), Machine Learning (ML), Internet of Things (IoT), Energy & Power, Automobile, Agriculture, Electronics, Chemical & Materials, Machinery & Equipment's, Consumer Goods, and many others at MR Forecast. Market: The market section introduces the industry to readers, including an overview, business dynamics, competitive benchmarking, and firms' profiles. This enables readers to make decisions on market entry, expansion, and exit in certain nations, regions, or worldwide. Application: We give painstaking attention to the study of every product and technology, along with its use case and user categories, under our research solutions. From here on, the process delivers accurate market estimates and forecasts apart from the best and most meaningful insights.

Products generically come under this phrase and may imply any number of goods, components, materials, technology, or any combination thereof. Any business that wants to push an innovative agenda needs data on product definitions, pricing analysis, benchmarking and roadmaps on technology, demand analysis, and patents. Our research papers contain all that and much more in a depth that makes them incredibly actionable. Products broadly encompass a wide range of goods, components, materials, technologies, or any combination thereof. For businesses aiming to advance an innovative agenda, access to comprehensive data on product definitions, pricing analysis, benchmarking, technological roadmaps, demand analysis, and patents is essential. Our research papers provide in-depth insights into these areas and more, equipping organizations with actionable information that can drive strategic decision-making and enhance competitive positioning in the market.

North America Lithium-ion Battery Recycling Market

North America Lithium-ion Battery Recycling Market Navigating Dynamics Comprehensive Analysis and Forecasts 2025-2033

North America Lithium-ion Battery Recycling Market by Chemistry (Lithium Cobalt Oxide (LCO), by Source (Electronics, Electric Vehicles, Power Tools, Others), by Recycling Process (Physical/Mechanical, Hydrometallurgical, Pyrometallurgical), by North America (United States, Canada, Mexico) Forecast 2026-2034

Feb 7 2025

Base Year: 2025

141 Pages

North America Lithium-ion Battery Recycling Market Navigating Dynamics Comprehensive Analysis and Forecasts 2025-2033

Key Insights

The North American lithium-ion Battery Recycling Market size was valued at USD 66.34 USD Million in 2023 and is projected to reach USD 230.86 USD Million by 2032, exhibiting a CAGR of 19.5 % during the forecast period. Recycling lithium-ion batteries is a process that entails major steps of collection, disposal, and recovery of usable materials from used lithium-ion batteries in order to reuse them in the production of new batteries. Some of the categories of recycling techniques that have been developed include pyrometallurgical, hydrometallurgical, and direct recycling techniques and all have their own special benefits than others in concerns to efficiency and impact on the environment. Measures being adopted are the piecing of metals such as lithium, cobalt, and nickel necessary for battery making hence reducing the rates of mining and environmental pollution. It is used in everything from electric cars to electronics, and, owing to the increased awareness of environmental conservation and sustainability, the use is continuously increasing. A shift in battery recycling in North America can be attributed to the end-users embracing environmentally sustainable initiatives by responding to the regulatory acts and ecological concerns making the area a key player in the global battery recycling industry.

North America Lithium-ion Battery Recycling Trends

Increasing government regulations and policies supporting sustainable recycling practices
Technological advancements in battery recycling processes
Growing investments in research and development for efficient and cost-effective recycling technologies
Rising awareness among consumers about the environmental impact of lithium-ion batteries

North America Lithium-ion Battery Recycling Market Market Size and Forecast (2024-2030) — North America Lithium-ion Battery Recycling Market Company Market Share

Driving Forces: What's Propelling the North American Lithium-ion Battery Recycling Market

Stringent regulations on the disposal of lithium-ion batteries
Growing demand for electric vehicles and consumer electronics
Depletion of natural resources used in battery manufacturing
Economic benefits of recycling lithium-ion batteries

Challenges and Restraints in North America Lithium-ion Battery Recycling Market

High cost of recycling lithium-ion batteries
Limited availability of recycling infrastructure
Safety concerns associated with battery recycling
Complexity of battery recycling processes

Emerging Trends in North America Lithium-ion Battery Recycling

Development of closed-loop recycling systems
Partnerships between battery manufacturers and recycling companies
Advancements in hydrometallurgical recycling processes
Integration of artificial intelligence (AI) and automation in recycling facilities

Growth Catalysts in North America Lithium-ion Battery Recycling Industry

Government incentives for recycling
Increasing investments in battery recycling infrastructure
Growing awareness about the circular economy
Technological innovations in battery recycling

Market Segmentation: North America Lithium-ion Battery Recycling Analysis

Chemistry:

Lithium Cobalt Oxide (LCO)
Lithium Nickel Manganese Cobalt Oxide (NMC)
Lithium Iron Phosphate (LFP)
Others

Recycling Process:

Physical/Mechanical
Hydrometallurgical
Pyrometallurgical

Leading Players in the North America Lithium-ion Battery Recycling Market

Significant Developments in North American Lithium-ion Battery Recycling Sector

Li-Cycle Corp. expands recycling capacity in Rochester, New York
Retriev Technologies secures funding for a new recycling facility in Indiana
American Zinc Recycling launches joint venture with Redwood Materials for battery recycling

Comprehensive Coverage North America Lithium-ion Battery Recycling Market Report

The North America lithium-ion battery recycling market is anticipated to grow significantly over the forthcoming years, driven by increasing demand for electric vehicles, rising concerns over environmental sustainability, and favorable government policies. This report provides a comprehensive overview of the market, encompassing market size, regional distribution, key industry players, and future growth prospects.

Market Overview

The North America lithium-ion battery recycling market is expected to reach a valuation of USD XX billion by 2028, growing at a CAGR of XX% from 2023 to 2028.
The United States is the dominant market, accounting for a majority share of the regional revenue.
Rising environmental concerns and government incentives are driving market growth.

Key Industry Players

Li-Cycle Corp.
Benchmark Minerals
Redwood Materials
American Manganese Inc.
Retriev Technologies

Growth Drivers

Increasing adoption of electric vehicles
Growing awareness of environmental sustainability
Favorable government policies and regulations

Challenges

Technological limitations in recycling processes
Lack of infrastructure for battery collection and recycling
High costs associated with recycling

Future Prospects

Advancements in recycling technologies and processes
Expansion of battery collection and recycling infrastructure
Continued growth of the electric vehicle industry
Government initiatives to promote battery recycling

This report provides a detailed analysis of the North America lithium-ion battery recycling market, offering valuable insights into the market's growth drivers, challenges, and future opportunities. It is an essential resource for industry stakeholders, investors, policymakers, and anyone seeking comprehensive information about this emerging market.

Regional Insight

North America:

The North American lithium-ion battery recycling market is expected to expand significantly in the coming years, driven by the increasing demand for electric vehicles and the need for sustainable waste management. The region is home to several major automakers and battery manufacturers, which are investing heavily in recycling infrastructure.
The United States is the largest market for lithium-ion battery recycling in North America, followed by Canada and Mexico. The U.S. government has implemented various policies and incentives to support the development of the recycling industry.
Some of the key players in the North American lithium-ion battery recycling market include Redwood Materials, Li-Cycle Holdings Corp., and American Battery Solutions.

Pestle Analysis

Political Factors
Economic Factors
Social Factors
Technological Factors
Environmental Factors
Legal Factors

Porter's Five Force Analysis

Threat of New Entrants
Bargaining Power of Buyers
Bargaining Power of Suppliers
Threat of Substitutes
Competitive Rivalry

BCG Matrix

Stars
Cash Cows
Question Marks
Dogs

Import & Export Analysis

Key Exporting Countries
Key Importing Countries

Production & Consumption

Production Volume
Consumption Volume

Regulatory Landscape

Government Regulations
Environmental Standards
Safety Protocols

Geographic Coverage of North America Lithium-ion Battery Recycling Market

Higher Coverage

Lower Coverage

No Coverage

North America Lithium-ion Battery Recycling Market REPORT HIGHLIGHTS

Aspects	Details
Study Period	2020-2034
Base Year	2025
Estimated Year	2026
Forecast Period	2026-2034
Historical Period	2020-2025
Growth Rate	CAGR of 19.5% from 2020-2034
Segmentation	By Chemistry Lithium Cobalt Oxide (LCO By Source Electronics Electric Vehicles Power Tools Others By Recycling Process Physical/Mechanical Hydrometallurgical Pyrometallurgical By Geography North America United States Canada Mexico

1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
- 2.1. Introduction
3. Market Dynamics
- 3.1. Introduction
- - 3.2. Market Drivers
  - - 3.2.1. Growing Focus on Safety and Organization to Fuel Market Growth
- - 3.3. Market Restrains
  - - 3.3.1. High Capital Investments and Absence of Strict Policies is a Major Restraining Factor
- - 3.4. Market Trends
  - - 3.4.1. Growth of IT Infrastructure to Bolster the Demand for Modern Cable Tray Management Solutions
4. Market Factor Analysis
- 4.1. Porters Five Forces
- 4.2. Supply/Value Chain
- 4.3. PESTEL analysis
- 4.4. Market Entropy
- 4.5. Patent/Trademark Analysis
5. North America Lithium-ion Battery Recycling Market Analysis, Insights and Forecast, 2020-2032
- 5.1. Market Analysis, Insights and Forecast - by Chemistry
  - 5.1.1. Lithium Cobalt Oxide (LCO
- 5.2. Market Analysis, Insights and Forecast - by Source
  - 5.2.1. Electronics
  - 5.2.2. Electric Vehicles
  - 5.2.3. Power Tools
  - 5.2.4. Others
- 5.3. Market Analysis, Insights and Forecast - by Recycling Process
  - 5.3.1. Physical/Mechanical
  - 5.3.2. Hydrometallurgical
  - 5.3.3. Pyrometallurgical
- 5.4. Market Analysis, Insights and Forecast - by Region
  - 5.4.1. North America
6. Competitive Analysis
- 6.1. Market Share Analysis 2025
- - 6.2. Company Profiles
  - - 6.2.1 Li-Cycle Corp (Canada)
      6.2.1.1. Overview
      6.2.1.2. Products
      6.2.1.3. SWOT Analysis
      6.2.1.4. Recent Developments
      6.2.1.5. Financials (Based on Availability)
    - 6.2.2 Retriev Technologies (U.S.)
      6.2.2.1. Overview
      6.2.2.2. Products
      6.2.2.3. SWOT Analysis
      6.2.2.4. Recent Developments
      6.2.2.5. Financials (Based on Availability)
    - 6.2.3 American Zinc Recycling (U.S.)
      6.2.3.1. Overview
      6.2.3.2. Products
      6.2.3.3. SWOT Analysis
      6.2.3.4. Recent Developments
      6.2.3.5. Financials (Based on Availability)
    - 6.2.4 Lithion Recycling Inc. (Canada)
      6.2.4.1. Overview
      6.2.4.2. Products
      6.2.4.3. SWOT Analysis
      6.2.4.4. Recent Developments
      6.2.4.5. Financials (Based on Availability)
    - 6.2.5 American Manganese Inc. (Canada)
      6.2.5.1. Overview
      6.2.5.2. Products
      6.2.5.3. SWOT Analysis
      6.2.5.4. Recent Developments
      6.2.5.5. Financials (Based on Availability)
    - 6.2.6 Eco-Bat Technologies (U.S.)
      6.2.6.1. Overview
      6.2.6.2. Products
      6.2.6.3. SWOT Analysis
      6.2.6.4. Recent Developments
      6.2.6.5. Financials (Based on Availability)
    - 6.2.7 TES (U.S.)
      6.2.7.1. Overview
      6.2.7.2. Products
      6.2.7.3. SWOT Analysis
      6.2.7.4. Recent Developments
      6.2.7.5. Financials (Based on Availability)
    - 6.2.8 Redwood Materials Inc. (U.S.)
      6.2.8.1. Overview
      6.2.8.2. Products
      6.2.8.3. SWOT Analysis
      6.2.8.4. Recent Developments
      6.2.8.5. Financials (Based on Availability)

List of Figures

Figure 1: North America Lithium-ion Battery Recycling Market Revenue Breakdown (USD Million, %) by Product 2025 & 2033
Figure 2: North America Lithium-ion Battery Recycling Market Share (%) by Company 2025

List of Tables

Table 1: North America Lithium-ion Battery Recycling Market Revenue USD Million Forecast, by Chemistry 2020 & 2033
Table 2: North America Lithium-ion Battery Recycling Market Volume Tonnes Forecast, by Chemistry 2020 & 2033
Table 3: North America Lithium-ion Battery Recycling Market Revenue USD Million Forecast, by Source 2020 & 2033
Table 4: North America Lithium-ion Battery Recycling Market Volume Tonnes Forecast, by Source 2020 & 2033
Table 5: North America Lithium-ion Battery Recycling Market Revenue USD Million Forecast, by Recycling Process 2020 & 2033
Table 6: North America Lithium-ion Battery Recycling Market Volume Tonnes Forecast, by Recycling Process 2020 & 2033
Table 7: North America Lithium-ion Battery Recycling Market Revenue USD Million Forecast, by Region 2020 & 2033
Table 8: North America Lithium-ion Battery Recycling Market Volume Tonnes Forecast, by Region 2020 & 2033
Table 9: North America Lithium-ion Battery Recycling Market Revenue USD Million Forecast, by Chemistry 2020 & 2033
Table 10: North America Lithium-ion Battery Recycling Market Volume Tonnes Forecast, by Chemistry 2020 & 2033
Table 11: North America Lithium-ion Battery Recycling Market Revenue USD Million Forecast, by Source 2020 & 2033
Table 12: North America Lithium-ion Battery Recycling Market Volume Tonnes Forecast, by Source 2020 & 2033
Table 13: North America Lithium-ion Battery Recycling Market Revenue USD Million Forecast, by Recycling Process 2020 & 2033
Table 14: North America Lithium-ion Battery Recycling Market Volume Tonnes Forecast, by Recycling Process 2020 & 2033
Table 15: North America Lithium-ion Battery Recycling Market Revenue USD Million Forecast, by Country 2020 & 2033
Table 16: North America Lithium-ion Battery Recycling Market Volume Tonnes Forecast, by Country 2020 & 2033
Table 17: United States North America Lithium-ion Battery Recycling Market Revenue (USD Million) Forecast, by Application 2020 & 2033
Table 18: United States North America Lithium-ion Battery Recycling Market Volume (Tonnes) Forecast, by Application 2020 & 2033
Table 19: Canada North America Lithium-ion Battery Recycling Market Revenue (USD Million) Forecast, by Application 2020 & 2033
Table 20: Canada North America Lithium-ion Battery Recycling Market Volume (Tonnes) Forecast, by Application 2020 & 2033
Table 21: Mexico North America Lithium-ion Battery Recycling Market Revenue (USD Million) Forecast, by Application 2020 & 2033
Table 22: Mexico North America Lithium-ion Battery Recycling Market Volume (Tonnes) Forecast, by Application 2020 & 2033

Methodology

Step 1 - Identification of Relevant Samples Size from Population Database

Step 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)

Top-down and bottom-up approaches are used to validate the global market size and estimate the market size for manufactures, regional segments, product, and application.

Note*: In applicable scenarios

Step 3 - Data Sources

Primary Research

Web Analytics
Survey Reports
Research Institute
Latest Research Reports
Opinion Leaders

Secondary Research

Annual Reports
White Paper
Latest Press Release
Industry Association
Paid Database
Investor Presentations

Step 4 - Data Triangulation

Involves using different sources of information in order to increase the validity of a study

These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.

Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.

During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence

Additionally, after gathering mixed and scattered data from a wide range of sources, data is triangulated and correlated to come up with estimated figures which are further validated through primary mediums or industry experts, opinion leaders.

Frequently Asked Questions

1. What is the projected Compound Annual Growth Rate (CAGR) of the North America Lithium-ion Battery Recycling Market?

The projected CAGR is approximately 19.5%.

2. Which companies are prominent players in the North America Lithium-ion Battery Recycling Market?

Key companies in the market include Li-Cycle Corp (Canada), Retriev Technologies (U.S.), American Zinc Recycling (U.S.), Lithion Recycling Inc. (Canada), American Manganese Inc. (Canada), Eco-Bat Technologies (U.S.), TES (U.S.), Redwood Materials, Inc. (U.S.).

3. What are the main segments of the North America Lithium-ion Battery Recycling Market?

The market segments include Chemistry, Source, Recycling Process.

4. Can you provide details about the market size?

The market size is estimated to be USD 66.34 USD Million as of 2022.

5. What are some drivers contributing to market growth?

Growing Focus on Safety and Organization to Fuel Market Growth.

6. What are the notable trends driving market growth?

Growth of IT Infrastructure to Bolster the Demand for Modern Cable Tray Management Solutions.

7. Are there any restraints impacting market growth?

High Capital Investments and Absence of Strict Policies is a Major Restraining Factor.

8. Can you provide examples of recent developments in the market?

N/A

9. What pricing options are available for accessing the report?

Pricing options include single-user, multi-user, and enterprise licenses priced at USD 3850, USD 4850, and USD 5850 respectively.

10. Is the market size provided in terms of value or volume?

The market size is provided in terms of value, measured in USD Million and volume, measured in Tonnes.

11. Are there any specific market keywords associated with the report?

Yes, the market keyword associated with the report is "North America Lithium-ion Battery Recycling Market," which aids in identifying and referencing the specific market segment covered.

12. How do I determine which pricing option suits my needs best?

The pricing options vary based on user requirements and access needs. Individual users may opt for single-user licenses, while businesses requiring broader access may choose multi-user or enterprise licenses for cost-effective access to the report.

13. Are there any additional resources or data provided in the North America Lithium-ion Battery Recycling Market report?

While the report offers comprehensive insights, it's advisable to review the specific contents or supplementary materials provided to ascertain if additional resources or data are available.

14. How can I stay updated on further developments or reports in the North America Lithium-ion Battery Recycling Market?

To stay informed about further developments, trends, and reports in the North America Lithium-ion Battery Recycling Market, consider subscribing to industry newsletters, following relevant companies and organizations, or regularly checking reputable industry news sources and publications.

Get Free Sample

Pre Order Enquiry Request discount

Pricing

Tailored for you

In-depth Analysis Tailored to Specified Regions or Segments
Company Profiles Customized to User Preferences
Comprehensive Insights Focused on Specific Segments or Regions
Customized Evaluation of Competitive Landscape to Meet Your Needs
Tailored Customization to Address Other Specific Requirements

Ask for customization

The response was good, and I got what I was looking for as far as the report. Thank you for that.

Erik Perison

US TPS Business Development Manager at Thermon

As requested- presale engagement was good, your perseverance, support and prompt responses were noted. Your follow up with vm’s were much appreciated. Happy with the final report and post sales by your team.

Shankar Godavarti

Global Product, Quality & Strategy Executive- Principal Innovator at Donaldson

I have received the report already. Thanks you for your help.it has been a pleasure working with you. Thank you againg for a good quality report