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North America EV Battery Recycling Market: Segment and Trend Analysis By 2032 | Battery Solutions LLC, GEM Co Ltd, Li-Cycle Corp.

02-06-2025 01:03 PM CET | Logistics & Transport

Press release from: Introspective Market Research Private Limited

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North America EV Battery Recycling Market

North America EV Battery Recycling Market

Introspective Market Research posted new studies guide on Market Insights with self-defined Tables and charts in presentable format. In the Study you may locate new evolving Trends, Drivers, Restraints, Opportunities generated via targeting market related stakeholders. The boom of the marketplace became specifically driven with the aid of the growing R&D spending internationally.

Some of the Top Leading Key Players: American Manganese Inc. (Canada), Aqua Metals Inc. (United States), Battery Solutions LLC (United States), DOWA Eco-System Co., Ltd. (Japan), GEM Co., Ltd. (China), Li-Cycle Corp. (Canada), Raw Materials Company Inc. (Canada), Recupyl (France), Redwood Materials (United States), Retriev Technologies Inc. (United States), SNAM (Italy), Tes-Amm (Singapore), The Doe Run Company (United States), Umicore (Belgium) and Other Key Players.

North America EV Battery Recycling Market Size Was Valued at USD 60.64 Million in 2023 and is Projected to Reach USD 2332.6 Million by 2032, Growing at a CAGR of 50.01% From 2024-2032.

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North America EV Battery Recycling refers to the process of collecting, dismantling, and recovering valuable materials from used electric vehicle (EV) batteries in the North American region, including the United States, Canada, and Mexico. The goal of recycling is to reduce environmental impact, recover critical raw materials (such as lithium, cobalt, and nickel), and support the circular economy in the EV industry.

Segmentation Analysis of the Market

By Type

• Lithium-ion
• Lead Acid
• Others

By Source

• End of life
• By Vehicle Type
• Passenger Cars
• Buses
• Vans
• Others

Market Trend Analysis:

• Increasing adoption of lightweight materials
• Development of new battery chemistries

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Key Industry Developments in the Market:

• In January 2025, Toyota Motor North America received a $4.5 million grant from the Department of Energy's Advanced Research Projects Agency-Energy (ARPA-E) initiative to advance EV battery recycling. The funding aimed to support the development of a circular domestic supply chain for electric vehicle batteries, promoting sustainability and reducing reliance on raw material imports. This initiative aligned with efforts to improve battery lifecycle management and establish eco-friendly practices in the EV industry, ensuring efficient reuse and recycling of critical battery components.
• In September 2024, Electra Battery Materials Corporation ("Electra" or the "Company") announced a joint venture, Aki Battery Recycling, with Indigenous-owned Three Fires Group to responsibly recycle lithium-ion battery and waste materials. Through this partnership, the companies aimed to produce battery black mass, which would then be sold to Electra's refinery for the recovery of critical minerals, including lithium, nickel, cobalt, and others, essential for manufacturing new lithium-ion batteries.

Regional Analysis:

The United States leads the EV battery recycling market due to its advanced infrastructure, strict regulations, and sustainability efforts. The country has efficient recycling facilities and innovative technologies to recover lithium, cobalt, and nickel, reducing environmental hazards and promoting sustainability. Recycling EV batteries prevents toxic waste from contaminating soil and water while conserving finite resources. Government incentives, tax benefits, and strict disposal regulations further support the industry. Additionally, the U.S. reduces reliance on mining by reusing extracted materials, strengthening the domestic supply chain for future battery production.

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Why Invest in this Report?

Leverage Data for Strategic Decision-Making: Utilize detailed market data to make informed business decisions and uncover new opportunities for growth and innovation.
Craft Expansion Strategies for Diverse Markets: Develop effective expansion strategies tailored to various market segments, ensuring comprehensive coverage and targeted growth.

Conduct Comprehensive Competitor Analysis: Perform in-depth analyses of competitors to understand their market positioning, strategies, and operational strengths and weaknesses.

Gain Insight into Competitors' Financial Metrics: Acquire detailed insights into competitors' financial performance, including sales, revenue, and profitability metrics.

Benchmark Against Key Competitors: Use benchmarking to compare your business's performance against leading competitors, identifying areas for improvement and potential competitive advantages.

Formulate Region-Specific Growth Strategies: Develop geographically tailored strategies to capitalize on local market conditions and consumer preferences, driving targeted business growth in key regions.

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Strategic Points Covered in Table of Content of Market:
Chapter One: Introduction
Chapter Two: Executive Summary
Chapter Three: Market Landscape
Chapter Four: Market by Type
Chapter Five: Market by Application
Chapter Six: Company Profiles and Competitive Analysis
Chapter Seven: Global Market by Region
Chapter Eight: Analyst Viewpoint and Conclusion
Chapter Nine: Research Methodology

Contact us:
Vishwanath K (PR & Marketing Manager)
Introspective Market Research Private Limited
Phone: +91-81800-96367 / +91-7410103736
Email: sales@introspectivemarketresearch.com
Web: www.introspectivemarketresearch.com

At Introspective Market Research Private Limited, we are a forward-thinking research consulting firm committed to driving our clients' growth and market dominance. Leveraging cutting-edge technology, big data, and advanced analytics, we provide deep insights and strategic solutions that enable our clients to stay ahead in a competitive landscape. Our expertise spans across comprehensive Market Research Reports, Holistic Market Insights, Macro-Economic Analysis, and tailored Go-to-Market (GTM) Strategies. Through our Consulting Services and AI-Driven Solutions, we empower businesses to navigate challenges and achieve their objectives. Additionally, we offer Product Design and Prototyping support and Flexible Staffing Solutions to meet evolving industry demands. Our IMR Knowledge Cluster ensures continuous learning and innovation, guiding our clients toward sustainable success.

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