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North America Lithium-ion Battery Recycling Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Battery Chemistry (Lithium-Nickel Manganese Cobalt, Lithium-Iron Phosphate, Lithium-Manganese Oxide, Lithium-Titanate Oxide, and Lithium-Nickel Cobalt Aluminum Oxide) and Industry (Automotive, Mining, Consumer Electronics, and Industrial, and Power)

Code: TIPRE00019124 | Pages: 87 | Industry: Automotive and Transportation | Date: Feb 2021
Covid

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.

Market Overview and Dynamics

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. Presently, many large pyro metallurgy facilities are engaged in the recycling of lithium-ion batteries. These facilities usually operate at ~1500 °C to recover various metals such as cobalt, nickel, lithium, aluminum, copper, or any other organic compounds. These facilities are usually capital intensive owing to the requirement for treating the emission of toxic fluorine compounds, which are released while smelting. However, hydrometallurgy-processing techniques, offer a less energy-consuming alternative at lower costs. Moreover, several researchers are studying various cost-effective methods, and some companies are conducting these recycling tests at a pilot-plant scale. Thus, in the near future, cost-effective methods of recycling lithium-ion batteries will come into action.

Key Market Segments

In terms of battery chemistry, the lithium-nickel manganese cobalt segment led the North America lithium-ion battery recycling market in 2019. In terms of industry, consumer electronics segment led the lithium-ion battery recycling market in 2019.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the lithium-ion battery recycling market in North America are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are American Manganese Inc., Eco-Bat Technologies, International Metals Reclamation Company (INMETCO), Li-Cycle Corp., Retriev Technologies, and TES. 

Reasons to buy report

  • To understand the North America lithium-ion battery recycling market landscape and identify market segments that are most likely to guarantee a strong return
  • Stay ahead of the race by comprehending the ever-changing competitive landscape for North America lithium-ion battery recycling market
  • Efficiently plan M&A and partnership deals in North America lithium-ion battery recycling market by identifying market segments with the most promising probable sales
  • Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form North America lithium-ion battery recycling market
  • Obtain market revenue forecast for lithium-ion battery recycling market by various segments from 2020-2027 in North America region.

North America Lithium-ion Battery Recycling Market Segmentation

North America Lithium-ion Battery Recycling Market - By Product

  • Lithium-Nickel Manganese Cobalt
  • Lithium-Iron Phosphate
  • Lithium-Manganese Oxide
  • Lithium-Titanate Oxide
  • Lithium-Nickel Cobalt Aluminum Oxide

North America Lithium-ion Battery Recycling Market - By End-User

  • Automotive
  • Mining
  • Consumer Electronics
  • Industrial
  • Power

North America Lithium-ion battery recycling Market - By Country

  • US
  • Canada
  • Mexico

North America Lithium-ion Battery Recycling Market - Company Profiles

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

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

  1. American Manganese Inc.
  2. Eco-Bat Technologies
  3. International Metals Reclamation Company (INMETCO)
  4. Li-Cycle Corp.  
  5. Retriev Technologies
  6. TES

 

  • 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
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