North America electric vehicle lithium-ion battery recycling market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses that the market is growing at a CAGR of 21.2% in the forecast period of 2022 to 2029 and is expected to reach USD 262,675.40 Thousand by 2029.
Lithium-ion (Li-ion) batteries are rechargeable batteries used in electric vehicles. Methods used for the recycling of lithium-ion batteries are pyrometallurgical and hydrometallurgical.
The number of electric vehicles is increasing due to improved battery technologies and low maintenance requirements for these lithium-ion batteries. Moreover, the improvements in battery recycling techniques and government economic stimulus policies in battery recycling methods are expected to boost the electric vehicle lithium-ion battery recycling market. On the other hand, the lack of awareness among the people for electric vehicle battery recycling may restrain the growth of the North America electric vehicle lithium-ion battery recycling market.
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Some of the major players covered in the report are Umicore, Retrieve technologies, American Manganese Inc., Li-Cycle corps, Neometals Ltd., Glencore, Brunp recycle technology Co.Ltd. (A subsidiary of CATL), Tata Chemicals Ltd., Lithion Recycling Inc., ECOBAT, GanfengLithium, among others
Scope of the North America Electric Vehicle Lithium-Ion Battery Recycling Market Report:
North America electric vehicle lithium-ion battery recycling market is segmented on the basis of process and application. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of process, the North America electric vehicle lithium-ion battery recycling market is segmented into pyrometallurgical, hydrometallurgical, and others. In 2022, the pyrometallurgical segment is expected to dominate the North America electric vehicle lithium-ion battery recycling market as the pyrometallurgical process allows a short-process chain and less environmental impact, thereby increasing its demand. In North America, the demand for pyrometallurgical segment is increasing due to the low capital cost of the process.
- On the basis of application, the North America electric vehicle lithium-ion battery recycling market is segmented into passenger car and commercial vehicle. In 2022, the passenger car segment is expected to dominate the electric vehicle lithium-ion battery recycling market due to prominent electric vehicle technologies that contribute to reducing air pollution.
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North America Electric Vehicle Lithium-Ion Battery Recycling Market Regional Analysis/Insights
The North America Electric Vehicle Lithium-Ion Battery Recycling market is analyzed and market size insights and trends are provided by country, material type, end user and application as referenced above.
The countries covered in the North America Electric Vehicle Lithium-Ion Battery Recycling market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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