Notice: Global Information Announces Listing on JASDAQ Standard Market of the Tokyo Stock Exchange

Cover Image
Market Research Report

North America Lithium-ion Battery Recycling Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Battery Chemistry and Industry

Published by The Insight Partners Product code 990869
Published Content info 87 Pages
Delivery time: 1-2 business days
Price
Back to Top
North America Lithium-ion Battery Recycling Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Battery Chemistry and Industry
Published: February 9, 2021 Content info: 87 Pages
Description

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 use of rechargeable lithium-ion batteries has become dominant in several applications, including consumer electronic products, electric vehicles, military, and industrial applications owing to advantages related to energy density and product durability. However, the high rate of consumer product disposal, their small battery size in these products, and the absence of uniform disposal regulatory policy are significantly resulting in environmental pollution due to potentially toxic materials in these batteries. As per the Environmental Protection Agency (EPA), over three billion batteries are thrown each year in the US alone. Most of the lithium-ion batteries are disposed as landfills. Lithium is not a heavy toxic metal; thus, the pressure on the disposal of these batteries is not too intense. However, in a few instances, copper, cobalt, and nickel metals occur in substantial quantities. With the rising concern for environment pollution, government and battery manufacturers are now more focused on considering the recycling of these batteries; thereby, bolstering the growth of North America lithium-ion battery recycling market. Furthermore, growing demand for electric vehicles (EVs) is among the other factors expected to fuel the growth of the North America lithium-ion battery recycling market during the forecast period.

Based on industry, consumer electronics segment led the North America lithium-ion battery recycling market in 2019. The demand for consumer electronic devices such as tablets, smartphones, digital cameras, laptops, and home devices is increasing; and the most challenging issue faced by aforesaid consumer electronics includes upgrading, enhancing, and improving existing lithium-ion batteries. The inclination with respect to using smart electronic devices is experiencing a snowball effect owing to growing middle-class population and their changing lifestyle. Also, the government bodies are putting efforts on digitization and encouraging use of different electronic devices among individuals. With rising demand for battery power for different wireless devices, the focus toward developing portable battery power for power tools, tablets, laptops, and smart phones is increasing. In addition, with booming sales of tablet PCs and smartphones, the adoption of batteries such as lithium-ion is expanding. This aspect will assist in influencing the market growth.

The ongoing COVID-19 pandemic is having a very devastating impact over North America. Presently, the US is the worst affected country in the North America due to the COVID-19 outbreak. The US is one of the largest markets for lithium-ion battery recycling, especially in space, military, and aerospace sectors. The continuous growth of infected individuals has led the government to impose lockdown across the nation's borders. Therefore, majority of the manufacturing plants are shut down, municipalities are functioning slowly as compared to the past, and the industries are at a halt. This scenario is hindering the lithium-ion battery recycling market in North America. The automakers in the US 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 maintain social distancing. In March 2020, several automakers closed their facilities for extensive cleaning. These include GM, Ford, and Honda Motors. Hence, any hindrance on the growth of these automotive sectors hampers the economic growth of the region.

The overall North America lithium-ion battery recycling market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining an overview and forecast for the North America lithium-ion battery recycling market with respect to all the segments pertaining to the region. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic. The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the North America lithium-ion battery recycling market. American Manganese Inc., Eco-Bat Technologies, International Metals Reclamation Company (INMETCO), Li-Cycle Corp., Retriev Technologies, and TES are a few players operating in the market.

Reasons to Buy:

Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America lithium-ion battery recycling market

Highlights key business priorities in order to assist companies to realign their business strategies

The key findings and recommendations highlight crucial progressive industry trends in the North America lithium-ion battery recycling market, thereby allowing players across the value chain to develop effective long-term strategies

Develop/modify business expansion plans by using substantial growth offering developed and emerging markets

Scrutinize in-depth North America market trends and outlook coupled with the factors driving the lithium-ion battery recycling market, as well as those hindering it

Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution

Table of Contents
Product Code: TIPRE00019124

Table Of Contents

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
Back to Top