North America Battery Recycling Market Overview

The North America Battery Recycling Market is experiencing significant growth due to stringent environmental regulations and increasing awareness about sustainable practices. With a growing emphasis on reducing carbon footprints, the region has seen a surge in battery recycling initiatives, driven by both government policies and consumer demand. Companies are investing in advanced technologies to streamline the recycling process and recover valuable materials from used batteries efficiently. As the market continues to expand, collaborations between industry players and research institutions are fostering innovation and driving the development of more sustainable battery recycling solutions.

According to a Comprehensive Research Study by Market Research Future (MRFR), North America Battery Recycling Market Information by Chemistry, Application, and By Region - Forecast till 2032.

The North America Battery Recycling industry size could reach USD 54.2 Billion by 2032, at a decent rate of 9.14% between 2024 and 2032.

For many years, waste management regulations and environmental consciousness have driven the task of North America Battery Recycling. As people's awareness of environmental issues grows, sustainable resource management is receiving more and more attention.

The public's growing concern also extends to the hazardous qualities of metals and other substances, a concern that undoubtedly includes all types of batteries. All batteries are classified as hazardous waste by European (and possibly global) regulations, meaning they must be treated before being disposed of.

North America Battery Recycling Market Competitive Landscape:

• Call2Recycle, Inc. (US)
• Battery Solutions, LLC (US)
• Exide Technologies (US)
• Umicore (Belgium)
• Exide Industries Ltd. (India)
• Contemporary Amperex Technology Co. Ltd. (CATL) (China)
• GEM Co., Ltd. (China)
• EnerSys (US)
• Johnson Controls International plc (US)
• Aqua Metals, Inc. (US)
• Retriev Technologies Inc. (US)
• Gravita India Limited (India)
• ECOBAT Logistics (UK)
• Fortum Oyj (Finland)
• Teck Resources Limited (Canada)
• American Manganese Inc. (Canada)
• Glencore International AG (Switzerland)
• TES-AMM Singapore Pte Ltd (Singapore)
• RSR Corporation (US)
• COM2 Recycling Solutions (US)
• East Penn Manufacturing Company, Inc. (US)
• The Doe Run Company (US)
• Raw Materials Company Inc. (RMC) (Canada)
• Neometals Ltd (Australia)
• Terrapure Environmental (Canada)
• Gopher Resource LLC (US)

North America Battery Recycling Market Drivers:

The industry is expanding quickly as a result of the rising demand for batteries brought on by the increased use of renewable energy storage systems and electric vehicles (EVs), which also increase the need for recycling. Governments all over the world are putting laws into place to encourage North America Battery Recycling and lessen its negative effects on the environment, which should accelerate industry growth.

Demand for batteries in the nation will rise as a result of rising EV sales in the United States brought about by the creation of favorable federal laws like the Responsible North America Battery Recycling Act of 2022 in California and the presence of major industry players. Under the Responsible North America Battery Recycling Act of 2022, California battery retailers are required to set up a system for collecting used rechargeable batteries so that they can be recycled and used again.

The number of large-scale li-ion recycling facilities in the US has led to the growth of the li-ion North America Battery Recycling industry in the US. Li-cycle Corp., for instance, inaugurated a 120,000-square-foot warehouse for its brand-new lithium-ion recycling plant. This facility can process 10,000 tons of battery material for electric vehicles annually. It is possible for the company to recycle 60,000 electric car batteries.

The market is moving towards more electric vehicles and a higher requirement for UPS systems. Lithium is a very important component of electric vehicle batteries. This essential component is required to make lithium-ion batteries. Recycling lithium is less expensive than mining it. 

Market Restraints:

In the coming years, factors like improper shredding, improper disassembly, and improper separation of hazardous materials used in batteries may hinder the expansion of the North America Battery Recycling industry.

North America Battery Recycling Market Segmentation

The global market has been split into lead-acid, nickel-based, lithium-based, and other categories based on chemistry.

The North America Battery Recycling market is divided into four segments based on application: industrial, consumer electronics, transportation, and others.

The global market for North America Battery Recycling has been broken down into three categories based on the source: automotive, industrial, and consumer electronic appliance batteries.

Regional Insights

With the countries in the region concentrating heavily on North America Battery Recycling to lessen soil and water pollution, Asia Pacific is the dominant market. China had the biggest market share in Asia-Pacific in 2018 as a result of the rising demand for electric cars.

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