North America Lithium-ion Battery Recycling Market Trends, Size, Segment and Growth by Forecast to 2030

Market Overview and Dynamics
The North America lithium-ion battery recycling market is projected to grow significantly, rising from US$ 35.90 million in 2019 to US$ 139.56 million by 2027, at a compound annual growth rate (CAGR) of 21.4% from 2020 to 2027.

Currently, many large-scale recycling facilities use pyrometallurgical processes, operating at temperatures around 1500 °C to recover valuable metals such as cobalt, nickel, lithium, aluminum, and copper, along with other organic compounds. However, these operations are capital-intensive due to the need for advanced emission treatment systems to manage toxic fluorine compounds released during smelting.

As a more energy-efficient and cost-effective alternative, hydrometallurgical processing is gaining traction. Research is ongoing into innovative recycling methods, and several companies are piloting these technologies on a smaller scale. These advancements are expected to pave the way for more sustainable and economical recycling processes in the near future.

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Key Market Segments

By Battery Chemistry: The lithium-nickel manganese cobalt (NMC) segment dominated the market in 2019, reflecting its widespread use and high recycling value.
By Industry: The consumer electronics segment led the market in 2019, driven by the high volume of end-of-life batteries from portable electronic devices.

Major Companies and Data Sources
This market analysis draws from a wide range of primary and secondary sources, including company websites, annual and financial reports, government publications, and statistical databases. Prominent players in the North American lithium-ion battery recycling market include:

American Manganese Inc.
Eco-Bat Technologies
International Metals Reclamation Company (INMETCO)
Li-Cycle Corp.
Retriev Technologies
TES

Key Reasons to Purchase This Report

Gain a clear understanding of the North America lithium-ion battery recycling market landscape and identify high-return investment segments
Stay competitive by keeping up with the evolving market dynamics and industry developments
Make informed decisions on mergers, acquisitions, and partnerships by targeting segments with strong growth potential
Benefit from detailed performance analysis across market segments to guide strategic planning
Access revenue forecasts for key segments from 2020 to 2027 to support long-term business strategies in the North American region

Market Introduction

Lithium-ion batteries are becoming crucial and are found in large proportion among industries including automotive, mining, consumer electronics and many more. Smartphones, cordless power tools, laptops, tablets, and grid-energy storage, electric vehicles are the prominent applications where lithium-ion batteries are used at a massive rate. Companies such as Tesla and Envirostream are taking necessary steps to promote lithium-ion battery markets. Factors such as improper disposal of lithium-ion battery, recovery of valuable metals through disposal of lithium-ion batteries, and government initiatives for lithium-ion battery recycling are contributing towards the market growth. In addition, increasing use of electric vehicles among consumers owing to rising concern towards lowering carbon emission and to comply with stringent government mandates to lower impact in environment and advent of innovative & economical methods for recycling lithium-ion batteries is another aspect contributing towards the market growth. Moreover, growing demand of electric vehicles (EVs) has created a significant opportunity for the lithium-ion battery recycling market.

Also, 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 automotive sectors is expected to affect the economic growth of the region in a negative manner.

Strategic Insights: North America Lithium-ion Battery Recycling Market

Strategic insights into the North America lithium-ion battery recycling market deliver a comprehensive, data-driven analysis of the industry’s current landscape. These insights highlight emerging trends, key market players, and regional dynamics, offering stakeholders the tools to gain a competitive edge. By identifying underserved market segments and developing differentiated value propositions, businesses can uncover new growth opportunities.

Utilizing advanced data analytics, these insights enable manufacturers, investors, and other industry participants to anticipate market shifts and adapt proactively. A forward-looking approach is crucial in this rapidly evolving sector, ensuring stakeholders remain resilient and strategically positioned for long-term success.

Ultimately, these insights support informed decision-making, empowering organizations to boost profitability, enhance operational efficiency, and achieve their strategic goals in the dynamic North American lithium-ion battery recycling market.

Market leaders and key company profiles

 American Manganese Inc.

 Eco-Bat Technologies

 International Metals Reclamation Company (INMETCO)

 Li-Cycle Corp.

 Retriev Technologies

 TES

Regional Insights: North America Lithium-ion Battery Recycling Market

The geographic scope of the North America lithium-ion battery recycling market encompasses the specific regions where businesses operate and compete. Understanding regional differences—such as consumer preferences for battery types, backup duration requirements, and plug compatibility—is essential for developing market-specific strategies. Economic disparities and distinct regulatory frameworks across states and provinces further shape market dynamics and business opportunities.

To drive growth, companies must identify underserved regions and tailor their offerings to meet local needs. A focused regional approach enables more efficient allocation of resources, sharper marketing strategies, and stronger positioning against local competitors. This strategic localization not only enhances market penetration but also supports long-term scalability and resilience in an evolving regulatory and economic landscape.

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Author’s Bio
Akshay
Senior Market Research Expert at Business Market Insights