U.S. Lithium-Ion Battery Recycling MarketU.S. Lithium-Ion Battery Recycling Market Is Set To Reach USD Million By 2032, Growing At A CAGR Of 19.11
U.S. 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 Forecast 2024-2032
Base Year: 2023
120 Pages
U.S. Lithium-Ion Battery Recycling Market Is Set To Reach USD Million By 2032, Growing At A CAGR Of 19.11
Key Insights
The U.S. Lithium-Ion Battery Recycling Marketsize was valued at USD 69.52 USD Million in 2023 and is projected to reach USD 236.45 USD Million by 2032, exhibiting a CAGR of 19.11 % during the forecast period.The recycling of Lithium-ion batteries is a process of recovering material from discarded batteries for reuse. These batteries are mainly used in smart phones and laptops as well as to electric powered vehicles. The main recycling process can be of mechanical, pyrometallurgical or hydrometallurgical type. Lithium-ion battery recycling is one of the many ways that an individual can use to minimize the impact that he/she might have on the environment as well as the conservation of material resources and minimization of production costs. Progress in the U. S. includes the increased efficiency in waste collection and the emergence of eco‐friendly recycling procedures. Corporates are also investing in the build-up of circular economy to continue the development of the battery supply chain through the recycling of materials to create new generations of batteries.
U.S. Lithium-Ion Battery Recycling Trends
- Rise in electric vehicle adoption
- Growing focus on sustainable practices
- Government incentives and regulations
Driving Forces: What's Propelling the U.S. Lithium-Ion Battery Recycling Market
- Increasing demand for electric vehicles: Lithium-ion batteries are essential components of electric vehicles (EVs). As EV adoption increases, so does the demand for battery recycling.
- Environmental concerns: Lithium-ion batteries contain toxic materials that can harm the environment if disposed of improperly. Recycling these batteries helps to mitigate environmental impact.
- Government regulations: Several states in the U.S. have implemented regulations mandating the recycling of lithium-ion batteries. These regulations provide incentives and streamline the recycling process.
- Technological advancements: Innovations in battery recycling technologies have made the process more efficient and cost-effective, driving market growth.
- Rising awareness of sustainability: Growing consumer awareness about the importance of sustainable practices has increased demand for eco-friendly solutions like battery recycling.
Challenges and Restraints in U.S. Lithium-Ion Battery Recycling Market
- Limited infrastructure: The U.S. currently lacks sufficient infrastructure for lithium-ion battery recycling.
- High cost of recycling: Recycling lithium-ion batteries is more expensive than recycling other types of batteries.
- Technical challenges: Extracting valuable materials from lithium-ion batteries can be complex and require specialized equipment.
Emerging Trends in U.S. Lithium-Ion Battery Recycling
- Closed-loop systems: Companies are developing closed-loop systems where recycled materials are used to manufacture new batteries.
- New recycling technologies: Researchers are exploring innovative technologies to improve recycling efficiency and reduce costs.
- Collaboration between automakers and recyclers: Automakers are partnering with recyclers to establish end-to-end recycling programs.
Growth Catalysts in U.S. Lithium-Ion Battery Recycling Industry
- Government initiatives: The Biden administration has committed to investing billions of dollars in battery recycling.
- Advancements in battery technology: New battery technologies are being developed that make recycling more feasible.
- Increased demand for raw materials: Recycling helps to secure a stable supply of raw materials for battery production.
Market Segmentation: U.S. Lithium-Ion Battery Recycling Analysis
By Chemistry:
- Lithium Cobalt Oxide (LCO)
- Lithium Nickel Manganese Cobalt Oxide (NMC)
- Lithium Nickel Cobalt Aluminum Oxide (NCA)
- Lithium Iron Phosphate (LFP)
By Source:
- Electronics
- Electric Vehicles
- Power Tools
- Others
By Recycling Process:
- Physical/Mechanical
- Hydrometallurgical
- Pyrometallurgical
Leading Players in the U.S. Lithium-Ion Battery Recycling Market
- Battery Recyclers of America (U.S.)
- Worley (U.S.)
- Retriev Technologies (Canada)
- American Zinc Recycling (U.S.)
- Eco-Bat Technologies (U.S.)
- TES (Australia)
- Redwood Materials, Inc. (U.S.)
- REDUX Recycling GmbH (Germany)
- Raw Materials Company Inc. (Canada)
- Neometals Ltd. (Australia)
Significant developments in U.S. Lithium-Ion Battery Recycling Sector
- May 2023: Li-Cycle and Glencore announced a joint study to convert a Glencore metallurgical facility into a recycling hub for battery-grade materials in Europe.
- June 2021: Nouveau Monde Graphite and Lithion Recycling signed a collaboration agreement to recover and value-add recycled graphite for anode materials.
- March 2021: Hyundai announced an agreement with Lithion Recycling to recycle high-voltage batteries from its electric vehicles in Canada.
Comprehensive Coverage U.S. Lithium-Ion Battery Recycling Market Report
- Executive Summary
- Market Overview
- Market Dynamics
- Market Segmentation (by battery type, end-use industry, and region)
- Competitive Landscape (key players and their strategies)
- Growth Catalysts (factors driving market expansion)
- Challenges and Restraints (obstacles to market growth)
- Emerging Trends (new technologies and innovations)
- Regional Insights (market performance in different U.S. regions)
- Technology Analysis (analysis of recycling processes and technologies)
- PESTLE Analysis (political, economic, social, technological, legal, and environmental factors)
- Porter's Five Force Analysis (analysis of competitive forces)
- BCG Matrix (analysis of market segments)
- Import & Export Analysis (trade dynamics)
- Production & Consumption (industry supply and demand)
- Regulatory Landscape (government policies and regulations)
U.S. Lithium-Ion Battery Recycling Market REPORT HIGHLIGHTS
| Aspects | Details |
|---|---|
| Study Period | 2018-2032 |
| Base Year | 2023 |
| Estimated Year | 2024 |
| Forecast Period | 2024-2032 |
| Historical Period | 2018-2023 |
| Growth Rate | CAGR of 19.11% from 2018-2032 |
| Segmentation |
|
Frequently Asked Questions
Table Of Content
- 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. Rising Adoption of Electric Vehicles to Propel Market Growth
- 3.3. Market Restrains
- 3.3.1. Lack of Adequate Recycling Infrastructure to Restrain Market Growth
- 3.4. Market Trends
- 3.4.1. Decarbonization in Energy Sectors to Boost Demand for Lithium-Ion Battery Recycling Services
- 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. U.S. Lithium-Ion Battery Recycling Market Analysis, Insights and Forecast, 2018-2030
- 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.
- 5.1. Market Analysis, Insights and Forecast - by Chemistry
- 6. Northeast U.S. Lithium-Ion Battery Recycling Market Analysis, Insights and Forecast, 2018-2030
- 6.1. Market Analysis, Insights and Forecast - By Chemistry
- 6.1.1. Lithium Cobalt Oxide (LCO
- 6.2. Market Analysis, Insights and Forecast - By Source
- 6.2.1 Electronics
- 6.2.2 Electric Vehicles
- 6.2.3 Power Tools
- 6.2.4 and Others
- 6.3. Market Analysis, Insights and Forecast - By Recycling Process
- 6.3.1 Physical/Mechanical
- 6.3.2 Hydrometallurgical
- 6.3.3 and Pyrometallurgical
- 7. Southeast U.S. Lithium-Ion Battery Recycling Market Analysis, Insights and Forecast, 2018-2030
- 7.1. Market Analysis, Insights and Forecast - By Chemistry
- 7.1.1. Lithium Cobalt Oxide (LCO
- 7.2. Market Analysis, Insights and Forecast - By Source
- 7.2.1 Electronics
- 7.2.2 Electric Vehicles
- 7.2.3 Power Tools
- 7.2.4 and Others
- 7.3. Market Analysis, Insights and Forecast - By Recycling Process
- 7.3.1 Physical/Mechanical
- 7.3.2 Hydrometallurgical
- 7.3.3 and Pyrometallurgical
- 8. Midwest U.S. Lithium-Ion Battery Recycling Market Analysis, Insights and Forecast, 2018-2030
- 8.1. Market Analysis, Insights and Forecast - By Chemistry
- 8.1.1. Lithium Cobalt Oxide (LCO
- 8.2. Market Analysis, Insights and Forecast - By Source
- 8.2.1 Electronics
- 8.2.2 Electric Vehicles
- 8.2.3 Power Tools
- 8.2.4 and Others
- 8.3. Market Analysis, Insights and Forecast - By Recycling Process
- 8.3.1 Physical/Mechanical
- 8.3.2 Hydrometallurgical
- 8.3.3 and Pyrometallurgical
- 9. Southwest U.S. Lithium-Ion Battery Recycling Market Analysis, Insights and Forecast, 2018-2030
- 9.1. Market Analysis, Insights and Forecast - By Chemistry
- 9.1.1. Lithium Cobalt Oxide (LCO
- 9.2. Market Analysis, Insights and Forecast - By Source
- 9.2.1 Electronics
- 9.2.2 Electric Vehicles
- 9.2.3 Power Tools
- 9.2.4 and Others
- 9.3. Market Analysis, Insights and Forecast - By Recycling Process
- 9.3.1 Physical/Mechanical
- 9.3.2 Hydrometallurgical
- 9.3.3 and Pyrometallurgical
- 10. West U.S. Lithium-Ion Battery Recycling Market Analysis, Insights and Forecast, 2018-2030
- 10.1. Market Analysis, Insights and Forecast - By Chemistry
- 10.1.1. Lithium Cobalt Oxide (LCO
- 10.2. Market Analysis, Insights and Forecast - By Source
- 10.2.1 Electronics
- 10.2.2 Electric Vehicles
- 10.2.3 Power Tools
- 10.2.4 and Others
- 10.3. Market Analysis, Insights and Forecast - By Recycling Process
- 10.3.1 Physical/Mechanical
- 10.3.2 Hydrometallurgical
- 10.3.3 and Pyrometallurgical
- 11. Competitive Analysis
- 11.1. Market Share Analysis 2023
- 11.2. Company Profiles
- 11.2.1 Battery Recyclers of America (U.S.)
- 11.2.1.1. Overview
- 11.2.1.2. Products
- 11.2.1.3. SWOT Analysis
- 11.2.1.4. Recent Developments
- 11.2.1.5. Financials (Based on Availability)
- 11.2.2 Worley (U.S.)
- 11.2.2.1. Overview
- 11.2.2.2. Products
- 11.2.2.3. SWOT Analysis
- 11.2.2.4. Recent Developments
- 11.2.2.5. Financials (Based on Availability)
- 11.2.3 Retriev Technologies (Canada)
- 11.2.3.1. Overview
- 11.2.3.2. Products
- 11.2.3.3. SWOT Analysis
- 11.2.3.4. Recent Developments
- 11.2.3.5. Financials (Based on Availability)
- 11.2.4 American Zinc Recycling (U.S.)
- 11.2.4.1. Overview
- 11.2.4.2. Products
- 11.2.4.3. SWOT Analysis
- 11.2.4.4. Recent Developments
- 11.2.4.5. Financials (Based on Availability)
- 11.2.5 Eco-Bat Technologies (U.S.)
- 11.2.5.1. Overview
- 11.2.5.2. Products
- 11.2.5.3. SWOT Analysis
- 11.2.5.4. Recent Developments
- 11.2.5.5. Financials (Based on Availability)
- 11.2.6 TES (Australia)
- 11.2.6.1. Overview
- 11.2.6.2. Products
- 11.2.6.3. SWOT Analysis
- 11.2.6.4. Recent Developments
- 11.2.6.5. Financials (Based on Availability)
- 11.2.7 Redwood Materials Inc. (U.S.)
- 11.2.7.1. Overview
- 11.2.7.2. Products
- 11.2.7.3. SWOT Analysis
- 11.2.7.4. Recent Developments
- 11.2.7.5. Financials (Based on Availability)
- 11.2.8 REDUX Recycling GmbH (Germany)
- 11.2.8.1. Overview
- 11.2.8.2. Products
- 11.2.8.3. SWOT Analysis
- 11.2.8.4. Recent Developments
- 11.2.8.5. Financials (Based on Availability)
- 11.2.9 Raw Materials Company Inc. (Canada)
- 11.2.9.1. Overview
- 11.2.9.2. Products
- 11.2.9.3. SWOT Analysis
- 11.2.9.4. Recent Developments
- 11.2.9.5. Financials (Based on Availability)
- 11.2.10 Neometals Ltd. (Australia)
- 11.2.10.1. Overview
- 11.2.10.2. Products
- 11.2.10.3. SWOT Analysis
- 11.2.10.4. Recent Developments
- 11.2.10.5. Financials (Based on Availability)
- 11.2.1 Battery Recyclers of America (U.S.)
List of Figures
- Figure 1: U.S. Lithium-Ion Battery Recycling Market Revenue Breakdown (USD Million, %) by Product 2023 & 2031
- Figure 2: U.S. Lithium-Ion Battery Recycling Market Value Share (%), by Chemistry 2023 & 2031
- Figure 3: U.S. Lithium-Ion Battery Recycling Market Value Share (%), by Source 2023 & 2031
- Figure 4: U.S. Lithium-Ion Battery Recycling Market Value Share (%), by Recycling Process 2023 & 2031
- Figure 5: U.S. Lithium-Ion Battery Recycling Market Share (%) by Company 2023
List of Tables
- Table 1: U.S. Lithium-Ion Battery Recycling Market Revenue USD Million Forecast, by Chemistry 2018 & 2031
- Table 2: U.S. Lithium-Ion Battery Recycling Market Volume K Tons Forecast, by Chemistry 2018 & 2031
- Table 3: U.S. Lithium-Ion Battery Recycling Market Revenue USD Million Forecast, by Source 2018 & 2031
- Table 4: U.S. Lithium-Ion Battery Recycling Market Volume K Tons Forecast, by Source 2018 & 2031
- Table 5: U.S. Lithium-Ion Battery Recycling Market Revenue USD Million Forecast, by Recycling Process 2018 & 2031
- Table 6: U.S. Lithium-Ion Battery Recycling Market Volume K Tons Forecast, by Recycling Process 2018 & 2031
- Table 7: U.S. Lithium-Ion Battery Recycling Market Revenue USD Million Forecast, by Region 2018 & 2031
- Table 8: U.S. Lithium-Ion Battery Recycling Market Volume K Tons Forecast, by Region 2018 & 2031
- Table 9: U.S. Lithium-Ion Battery Recycling Market Revenue USD Million Forecast, by Chemistry 2018 & 2031
- Table 10: U.S. Lithium-Ion Battery Recycling Market Volume K Tons Forecast, by Chemistry 2018 & 2031
- Table 11: U.S. Lithium-Ion Battery Recycling Market Revenue USD Million Forecast, by Source 2018 & 2031
- Table 12: U.S. Lithium-Ion Battery Recycling Market Volume K Tons Forecast, by Source 2018 & 2031
- Table 13: U.S. Lithium-Ion Battery Recycling Market Revenue USD Million Forecast, by Recycling Process 2018 & 2031
- Table 14: U.S. Lithium-Ion Battery Recycling Market Volume K Tons Forecast, by Recycling Process 2018 & 2031
- Table 15: U.S. Lithium-Ion Battery Recycling Market Revenue USD Million Forecast, by Region 2018 & 2031
- Table 16: U.S. Lithium-Ion Battery Recycling Market Volume K Tons Forecast, by Region 2018 & 2031
- Table 17: U.S. Lithium-Ion Battery Recycling Market Revenue USD Million Forecast, by Chemistry 2018 & 2031
- Table 18: U.S. Lithium-Ion Battery Recycling Market Volume K Tons Forecast, by Chemistry 2018 & 2031
- Table 19: U.S. Lithium-Ion Battery Recycling Market Revenue USD Million Forecast, by Source 2018 & 2031
- Table 20: U.S. Lithium-Ion Battery Recycling Market Volume K Tons Forecast, by Source 2018 & 2031
- Table 21: U.S. Lithium-Ion Battery Recycling Market Revenue USD Million Forecast, by Recycling Process 2018 & 2031
- Table 22: U.S. Lithium-Ion Battery Recycling Market Volume K Tons Forecast, by Recycling Process 2018 & 2031
- Table 23: U.S. Lithium-Ion Battery Recycling Market Revenue USD Million Forecast, by Country 2018 & 2031
- Table 24: U.S. Lithium-Ion Battery Recycling Market Volume K Tons Forecast, by Country 2018 & 2031
- Table 25: Northeast U.S. Lithium-Ion Battery Recycling Market Revenue (USD Million) Forecast, by Application 2018 & 2031
- Table 26: Northeast U.S. Lithium-Ion Battery Recycling Market Volume (K Tons) Forecast, by Application 2018 & 2031
- Table 27: Southeast U.S. Lithium-Ion Battery Recycling Market Revenue (USD Million) Forecast, by Application 2018 & 2031
- Table 28: Southeast U.S. Lithium-Ion Battery Recycling Market Volume (K Tons) Forecast, by Application 2018 & 2031
- Table 29: Midwest U.S. Lithium-Ion Battery Recycling Market Revenue (USD Million) Forecast, by Application 2018 & 2031
- Table 30: Midwest U.S. Lithium-Ion Battery Recycling Market Volume (K Tons) Forecast, by Application 2018 & 2031
- Table 31: Southwest U.S. Lithium-Ion Battery Recycling Market Revenue (USD Million) Forecast, by Application 2018 & 2031
- Table 32: Southwest U.S. Lithium-Ion Battery Recycling Market Volume (K Tons) Forecast, by Application 2018 & 2031
- Table 33: West U.S. Lithium-Ion Battery Recycling Market Revenue (USD Million) Forecast, by Application 2018 & 2031
- Table 34: West U.S. Lithium-Ion Battery Recycling Market Volume (K Tons) Forecast, by Application 2018 & 2031
- Table 35: U.S. Lithium-Ion Battery Recycling Market Revenue USD Million Forecast, by Chemistry 2018 & 2031
- Table 36: U.S. Lithium-Ion Battery Recycling Market Volume K Tons Forecast, by Chemistry 2018 & 2031
- Table 37: U.S. Lithium-Ion Battery Recycling Market Revenue USD Million Forecast, by Source 2018 & 2031
- Table 38: U.S. Lithium-Ion Battery Recycling Market Volume K Tons Forecast, by Source 2018 & 2031
- Table 39: U.S. Lithium-Ion Battery Recycling Market Revenue USD Million Forecast, by Recycling Process 2018 & 2031
- Table 40: U.S. Lithium-Ion Battery Recycling Market Volume K Tons Forecast, by Recycling Process 2018 & 2031
- Table 41: U.S. Lithium-Ion Battery Recycling Market Revenue USD Million Forecast, by Country 2018 & 2031
- Table 42: U.S. Lithium-Ion Battery Recycling Market Volume K Tons Forecast, by Country 2018 & 2031
| Aspects | Details |
|---|---|
| Study Period | 2018-2032 |
| Base Year | 2023 |
| Estimated Year | 2024 |
| Forecast Period | 2024-2032 |
| Historical Period | 2018-2023 |
| Growth Rate | CAGR of 19.11% from 2018-2032 |
| Segmentation |
|
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