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Pulished Date February, 2020
ID: 9298
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North America Lithium-ion Battery Recycling Market by Chemistry (Lithium-Cobalt Oxide (LI-CO), Lithium-Iron Phosphate (LFP), Lithium-Nickel Cobalt Aluminium Oxide (NCA), Lithium-Nickel Manganese Cobalt (NMC), Lithium-Manganese Oxide Spinal (LMO), Lithium-TitaniteOxide (LI-TO)), by Country – (United States and Canada), by Technology (Hydrometallurgical Process, Pyrometallurgy Process, Mechanical Process, Others), by End-User (Automotive, Power, Industrial, Marine, Others) - industry analysis, size, share, growth, trends, forecasts (2020 – 2025).

Pulished: February, 2020
ID: 9298
Pages: 145

North America Lithium-ion Battery Recycling Market Size And Growth:

North America Lithium-ion Battery Recycling market is estimated to raise at noteworthy compound annual growth rate throughout the foreseen period.

Lithium-ion battery recycling is known to be the less toxic batteries that are easy to recycle and reuse. With the rising employment of lithium-ion batteries in different customer products, the problem of explosion and their disposal has become very hard. In order to avoid such disasters, it is crucial to recycle lithium-ion batteries. Recycling of these lithium-ion batteries can be done through different technological processes like hydrometallurgical process, pyro-metallurgy process and other mechanical procedures. The rising applications of lithium-ion batteries in the end-use businesses like power generation, automotive, marine, etc. are fuelling the market for lithium-ion battery recycling in developed regions like North America.

Resources for lithium-ion battery production are restricted when compared to its call from various end-use businesses. The commercialization of recyclable lithium-ion batteries is taking place, particularly for its applications in the automobile business for hybrid vehicles. Recycling of these lithium-ion batteries can result in better and long-term use, controlling the manufacturing procedure and leading to lower carbon-dioxide emissions. Recycling of used materials further assists in the preservation of natural resources and reduce carbon footprint. All these factors are supporting the rise in the North American lithium-ion battery recycling market.

North America Lithium-ion Battery Recycling Industry Segmentation:

By chemistry:

  • Lithium-Cobalt Oxide (LI-CO)
  • Lithium-Iron Phosphate (LFP)
  • Lithium-Nickel Cobalt Aluminium Oxide (NCA)
  • Lithium-Nickel Manganese Cobalt (NMC)
  • Lithium-Manganese Oxide Spinal (LMO)
  • Lithium-Titanate Oxide (LI-TO)

Lithium Iron Phosphate (LFP) battery kind is foreseen to rise with the highest CAGR of 27.2% throughout the predicted period in North America. These batteries have a high call in high-power devices, including the transportation of electric vehicles and lightweight marine batteries, therefore, driving the North American market for lithium-ion battery recycling.

By technology:

  • hydrometallurgical process
  • pyrometallurgy process
  • mechanical process
  • others

The hydrometallurgical process sector held the most significant share of 42.1% in the North America lithium-ion battery recycling market in 2018. This procedure is known to be the most suitable procedure for the recycling of spent lithium-ion batteries owing to low capital price and a more eco-friendly nature than the pyrometallurgy process.

By end-user:

  • automotive
  • power
  • industrial
  • marine
  • others

The automotive sector held the leading share of 39.3% in the North American market for lithium-ion battery recycling in 2018. Lithium-ion batteries have a significant call in electric automobiles owing to high power density and handy size. The increasing demand for hybrid vehicles to reduce carbon footprint and other harmful emissions is driving the automobile industry, which indirectly supports the lithium-ion battery recycling market in North America.

North America Lithium-ion Battery Recycling Drivers and Restraints:

Rising application of Lithium-Ion batteries in cell phones & laptops and the automotive businesses are the driving factors, which have propelled the expansion of the North America Lithium-Ion battery recycling market. The call for Li-ion batteries has escalated owing to the escalated adoption of the electric vehicle and deployment in energy storage systems. The North American market for lithium-ion battery recycling is influenced by the increasing call for electric as well as hybrid electric vehicles where lithium-ion batteries are employed extensively. Adoption of these vehicles leads to a price hike of battery materials like cobalt and lithium, therefore making the recycling of lithium-ion battery businesses more profitable. The factors mentioned above collectively make opportunities for market expansion in this region while factors like safety issues while storage and transportation of spent batteries pose limitations in the business. Nevertheless, each element would have a definite impact on the market throughout the foreseen period. Consistent developments in the lithium-ion battery recycling market due to innovative efforts have improved the efficiency of the recycling procedure.

North America Lithium-ion Battery Recycling Market Regional Analysis:

North America is a major region for the Lithium-Ion battery recycling market and is probable to showcase a constant expansion during the foreseen period. Limited availability of raw materials in the region are forcing the makers to adopt the approach of recycling, therefore, driving the market majorly. Therefore, development in technologies that are being developed across the region are further driving the expansion of the market for Lithium-Ion battery recycling.

By Country - United States and Canada.

Key Players:

Some of the key players operating in North America lithium-ion battery recycling market include Tesla, Snam SPA, Umicore, Tes - Amm India Pvt. Ltd., Recupyl, Global Technology Systems, Inc., ACCUREC Recycling GmbH, AKKUSER OY & DIGITOIMISTO ROI, American Manganese Inc., Battery Recycling Made Easy, Ganfeng Lithium Co., Ltd., Interstate Batteries, LI-CYCLE CORP., Lithion Recycling, Neometals Ltd, OnTo Technology, LLC., Retriev Technologies, SITRASA, Storage Battery Systems, LLC among others.

Recent Developments and Trends

  • MG Motor Pvt Ltd, one of the latest entrants in the Indian automobile market declared its partnership with Umicore, a lithium battery recycling solutions provider, for effective life cycle management of lithium-ion batteries to be employed in its e-ZS electric vehicle. 
  • Kemetco Research has started testing third-party lithium-ion battery materials, following the successful testing of the pilot plant project’s fifth and final round, declared on September 17, 2019. It stated that the third-party content would unveil all five stages of the company’s patented lithium-ion battery recycling procedure. 

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Scope of the report                

                1.3 Study Assumptions                 

                1.4 Base Currency, Base Year and Forecast Periods                          

2. Research Methodology                                           

                2.1 Analysis Design                         

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Data Modelling      

                                2.2.4 Expert Validation  

                2.3 Study Timeline                          

3. Report Overview                                        

                3.1 Executive Summary                

                3.2 Key Inferencees                       

4. Market Dynamics                                       

                4.1 Impact Analysis                         

                                4.1.1 Drivers      

                                4.1.2 Restaints  

                                4.1.3 Opportunities        

                4.2 Regulatory Environment                       

                4.3 Technology Timeline & Recent Trends                            

5. Competitor Benchmarking Analysis                                    

                5.1 Key Player Benchmarking                     

                                5.1.1 Market share analysis        

                                5.1.2 Products/Service  

                                5.1.3 Regional Presence               

                5.2 Mergers & Acquistion Landscape                      

                5.3 Joint Ventures & Collaborations                        

6. Market Segmentation                                              

                6.1 Lithium-ion Battery Recycling Market, By Chemistry                

                                6.1.1 Lithium-Cobalt Oxide (LI-CO)          

                                6.1.2 Lithium-Iron Phosphate (LFP)         

                                6.1.3 Lithium-Nickel Cobalt Aluminium Oxide (NCA)        

                                6.1.4 Lithium-Nickel Manganese Cobalt (NMC)  

                                6.1.5 Lithium-Manganese Oxide Spinal (LMO)    

                                6.1.6 Lithium-Titanite Oxide (LI-TO)        

                                6.1.7 Market Size Estimations & Forecasts (2019-2024)   

                                6.1.8 Y-o-Y Growth Rate Analysis             

                                6.1.9 Market Attractiveness Index          

                6.2 Lithium-ion Battery Recycling Market, By Technology                              

                                6.2.1 Hydrometallurgical Process              

                                6.2.2 Pyrometallurgy Process     

                                6.2.3 Mechanical Process             

                                6.2.4 Market Size Estimations & Forecasts (2019-2024)   

                                6.2.5 Y-o-Y Growth Rate Analysis             

                                6.2.6 Market Attractiveness Index          

                6.3 Lithium-ion Battery Recycling Market, By End-User                  

                                6.3.1 Automotive            

                                6.3.2 Power       

                                6.3.3 Industrial 

                                6.3.4 Marine      

                                6.3.5 Market Size Estimations & Forecasts (2019-2024)   

                                6.3.6 Y-o-Y Growth Rate Analysis             

                                6.3.7 Market Attractiveness Index          

7. Geographical Landscape                                         

                7.1 Global Identity Governance and Administration Market, by Region                  

                7.2 North America - Market Analysis (2018 - 2024)                            

                                7.2.1 By Country              

                                                7.2.1.1 USA

                                                7.2.1.2 Canada

                                7.2.2 By Chemistry          

                                7.2.3 By Technology       

                                7.2.4 By End-User           

                7.3 Europe                         

                                7.3.1 By Country              

                                                7.3.1.1 UK

                                                7.3.1.2 France

                                                7.3.1.3 Germany

                                                7.3.1.4 Spain

                                                7.3.1.5 Italy

                                                7.3.1.6 Rest of Europe

                                7.3.2 By Chemistry          

                                7.3.3 By Technology       

                                7.3.4 By End-User           

                7.4 Asia Pacific                  

                                7.4.1 By Country              

                                                7.4.1.1 China

                                                7.4.1.2 India

                                                7.4.1.3 Japan

                                                7.4.1.4 South Korea

                                                7.4.1.5 South East Asia

                                                7.4.1.6 Australia & NZ

                                                7.4.1.7 Rest of Asia-Pacific

                                7.4.2 By Chemistry          

                                7.4.3 By Technology       

                                7.4.4 By End-User           

                7.5 Latin America                             

                                7.5.1 By Country              

                                                7.5.1.1 Brazil

                                                7.5.1.2 Argentina

                                                7.5.1.3 Mexico

                                                7.5.1.4 Rest of Latin America

                                7.5.2 By Chemistry          

                                7.5.3 By Technology       

                                7.5.4 By End-User           

                7.6 Middle East and Africa                           

                                7.6.1 By Country              

                                                7.6.1.1 Middle East

                                                7.6.1.2 Africa

                                7.6.2 By Chemistry          

                                7.6.3 By Technology       

                                7.6.4 By End-User           

8. Key Player Analysis                                    

                8.1 Tesla                              

                                8.1.1 Business Description           

                                8.1.2 Products/Service  

                                8.1.3 Financials 

                                8.1.4 SWOT Analysis       

                                8.1.5 Recent Developments       

                                8.1.6 Analyst Overview 

                8.2 Snam SPA                    

                8.3 Umicore                       

                8.4 ACCUREC Recycling GmbH                   

                8.5 Tes - Amm India Pvt. Ltd                       

                8.6 Recupyl                        

                8.7 Global Technology Systems, Inc.                       

                8.8 American Manganese Inc                     

                8.9 Ganfeng Lithium Co., Ltd                      

                8.10 Neometals Ltd                        

9. Market Outlook & Investment Opportunities                                

Appendix                                           

                List of Tables                     

                List of Figures                   

  • Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

North America Lithium-ion Battery Recycling Market By Chemistry, From 2020-2025 ( USD Billion )

North America Lithium-Cobalt Oxide (LI-CO) Market By Region, From 2020-2025 ( USD Billion )

North America Lithium-Iron Phosphate (LFP) Market By Region, From 2020-2025 ( USD Billion )

North America Lithium-Nickel Cobalt Aluminium Oxide (NCA) Market By Region, From 2020-2025 ( USD Billion )

North America Lithium-Nickel Manganese Cobalt (NMC) Market By Region, From 2020-2025 ( USD Billion )

North America Lithium-Manganese Oxide Spinal (LMO) Market By Region, From 2020-2025 ( USD Billion )

North America Lithium-Titanite Oxide (LI-TO) Market By Region, From 2020-2025 ( USD Billion )

North America Lithium-ion Battery Recycling Market By Technology, From 2020-2025 ( USD Billion )

North America Hydrometallurgical Process Market By Region, From 2020-2025 ( USD Billion )

North America Pyrometallurgy Process Market By Region, From 2020-2025 ( USD Billion )

North America Mechanical Process Market By Region, From 2020-2025 ( USD Billion )

North America Lithium-ion Battery Recycling Market By End-User, From 2020-2025 ( USD Billion )

North America Automotive Market By Region, From 2020-2025 ( USD Billion )

North America Power Market By Region, From 2020-2025 ( USD Billion )

North America Industrial Market By Region, From 2020-2025 ( USD Billion )

North America Marine Market By Region, From 2020-2025 ( USD Billion )

United States Lithium-ion Battery Recycling Market By Chemistry, From 2020-2025 ( USD Billion )

United States Lithium-ion Battery Recycling Market By Technology, From 2020-2025 ( USD Billion )

United States Lithium-ion Battery Recycling Market By End-User, From 2020-2025 ( USD Billion )

Canada Lithium-ion Battery Recycling Market By Chemistry, From 2020-2025 ( USD Billion )

Canada Lithium-ion Battery Recycling Market By Technology, From 2020-2025 ( USD Billion )

Canada Lithium-ion Battery Recycling Market By End-User, From 2020-2025 ( USD Billion )

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