North America Lithium-ion Battery Recycling Market

The report "North America Lithium-ion Battery Recycling Market by Source (Automotive, Non-Automotive), Battery Chemistry (LFP, NMC, LMO, NCA, LTO), Component, Recycling Process (Hydrometallurgical, Pyrometallurgy, Physical/Mechanical), and Country - Forecast to 2032" is projected to grow from USD 2.43 billion in 2025 and to reach USD 7.38 billion by 2032, at a Compound Annual Growth Rate (CAGR) of 17.2% during the forecast period.

Browse 150 market data Tables and 80 Figures spread through 200 Pages and in-depth TOC on "North America Lithium-ion Battery Recycling Market by Source (Automotive, Non-Automotive), Battery Chemistry (LFP, NMC, LMO, NCA, LTO), Component, Recycling Process (Hydrometallurgical, Pyrometallurgy, Physical/Mechanical), and Country - Forecast to 2032"
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The North American lithium-ion battery recycling market has a bright future ahead as the upward trend in electric vehicles, grid storage, and portable electronics leads to more batteries being available for recycling. Moreover, the US and Canadian governments are providing incentives and funding programs that not only aim at boosting domestic critical mineral recovery but also are turning investments in advanced recycling technologies and facilities into a major trend. Furthermore, the manufacturers are committed to creating circular supply chains that will not only help in reducing emissions but also in minimizing the dependency on imported materials, thus increasing both the capacity of recycling and the amount of processed batteries

By chemistry, thelithium nickel manganese cobaltsegment is expected to account for the largest market share, in terms of volume, during the forecast period.

The recycling of lithium nickel manganese cobalt (Li-NMC) batteries is witnessing rapid growth as NMC remains one of the most widely used chemistries in electric vehicles and high-performance energy storage systems. With EV adoption accelerating, a large wave of NMC battery manufacturing scrap and aging packs is entering the recycling stream, creating strong demand for efficient material recovery. The high content of valuable metals—especially nickel and cobalt makes NMC recycling economically attractive, encouraging recyclers to expand hydrometallurgical and advanced separation technologies. OEMs, besides recyclers, are coming together to obtain the closed-loop supplies of essential minerals and to protect themselves from the high fluctuations in global raw material prices. The rising demand for NMC in the automotive and stationary segments is giving a strong push to the market for this segment.

By source, the automotive batteriessegment is expected to account for the largest market share, in terms of value, during the forecast period.

The automotive sector is estimated to account for the largest share of the lithium-ion battery recycling market due to rapid growth in demand for electric vehicles (EVs) across the globe. With millions of EVs entering the market each year, the volume of end-of-life batteries and manufacturing scrap is rising rapidly, creating a substantial and predictable recycling pipeline. High-value materials such as lithium, nickel, cobalt, and manganese make automotive battery packs economically attractive for recyclers, which attracts major investments in large-scale hydrometallurgical and mechanical processing facilities. Automakers are increasingly forming closed-loop partnerships with recyclers to secure critical materials and reduce dependence on imported raw materials. As battery chemistries evolve and production scales up, the automotive segment will remain the dominant contributor to the growth of the lithium-ion battery recycling industry.

The US is projected to account for the largest market share during the forecast period in terms of value.

The US is expected to register the largest share in the North America lithium-ion battery recycling market due to the implementation of stringent government norms and increasing awareness about the use of cleaner and sustainable fuel sources. The growing demand for electric vehicles, HEVs, and PHEVs has also helped the US lithium-ion battery recycling market to grow. The US announced plans to build a domestic supply chain for lithium batteries, which are critical for electric vehicles and renewable energy. The US has been witnessing a rapid rise in the use of rechargeable batteries, mainly lithium-ion, in the booming renewable energy sectors, such as wind energy and solar energy. These factors are expected to play an important role in increasing the demand for lithium-ion battery recycling in the country.

Some of the leading players in this market include Redwood Materials, Inc. (US),Cirba Solutions US), RecycLiCo Battery Materials Inc. (Canada),ECOBAT (US), and American Battery Technology Company (US).

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