US Lithium-ion Battery Recycling Market

The report "US Lithium-ion Battery Recycling Market by Source (Automotive, Non-Automotive), Battery Chemistry (LFP, NMC, LMO, NCA, LTO), Battery Component, Recycling Process (Hydrometallurgy, Pyrometallurgy, Physical/Mechanical) - Forecast to 2032" is projected to grow from USD 1.48 billion in 2025 to USD 3.83 billion by 2032, at a CAGR of 14.6% during the forecast period.

Browse 250 market data Tables and 100 Figures spread through 300 Pages and in-depth TOC on "US Lithium-ion Battery Recycling Market by Source (Automotive, Non-Automotive), Battery Chemistry (LFP, NMC, LMO, NCA, LTO), Battery Component, Recycling Process (Hydrometallurgy, Pyrometallurgy, Physical/Mechanical) - Forecast to 2032"
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The US lithium-ion battery recycling market is projected to grow from USD 1.48 billion in 2025 to USD 3.83 billion by 2032, at a CAGR of 14.6% during the forecast period. Major changes are taking place in the US lithium-ion battery recycling market, which is driven by the rising consumption of electric vehicles (EVs), consumer electronics, and renewable energy storage systems. The market is heavily influenced by the introduction of high environmental standards that enforce the use of green technology. Recycling methods have improved, resulting in increased recovery rates and decreased costs. This is making recycling more economically feasible. Increasing consumers' awareness, government incentives, and promotion of circular economy initiatives are very powerful drivers for the market growth.

By source, the consumer electronics segment will dominate the US lithium-ion battery recycling market throughout the forecast period.

The US lithium-ion battery recycling market is expected to be primarily influenced by consumer electronics over the next few years. This is attributed to the high volume and frequent replacement of lithium-ion batteries in devices like smartphones, laptops, tablets, and wearables. Technological advancements and product upgrades in consumer electronics happen so quickly that they lead to shorter device lifecycles, which in turn increase the number of spent batteries. Another reason for this increasing volume of battery waste is the consumers' growing concern for the environment and the regulatory pressure to make recycling more responsible. The high recovery value of core metals such as lithium, cobalt, and nickel in batteries of consumer electronics is attracting recyclers. The continuous improvement of recycling methods and the increasing number of facilities for recycling e-waste will ensure that the consumer electronics market remains the primary source of battery recovery in the US.

By recycling process, the hydrometallurgical segment is expected to dominate the US lithium-ion battery recycling market during the forecast period.

The US lithium-ion battery recycling market is dominated by hydrometallurgical recycling owing to the method's capability of recovering valuable metals efficiently from spent lithium-ion batteries. The main advantages of hydrometallurgy are higher recovery rates, lower energy consumption compared to pyrometallurgical methods, and the ability to recover a wider range of metals with little impact on the environment. Hydrometallurgical processes are becoming more economically viable and environmentally friendly.

By battery component, the cathode/positive segment is expected to dominate the US lithium-ion battery recycling market during the forecast period.

The cathode/positive segment is estimated to account for the largest share of the US lithium-ion battery recycling market. The cathode, which is a battery's core part, contains precious metals like lithium, cobalt, nickel, and manganese. Hence, it is the main target of recyclers who are looking to recover these materials. The growth in demand for electric vehicles (EVs) and renewable energy storage has increased the need for these high-value metals. Breakthroughs in recycling technology are allowing the recovery rates of cathode materials to go up. The increased recovery rate of the material will, in turn, make the recycling process more economically viable.

By battery chemistry, the lithium nickel manganese cobalt segment is projected to register the highest growth in the US lithium-ion battery recycling market.

The lithium nickel manganese cobalt (Li-NMC) battery chemistry is projected to witness the highest growth in the US lithium-ion battery recycling industry due to its vast usage in electric vehicles (EVs) and energy storage systems. Li-NMC batteries are highly valued for their high energy density, very good performance, and long life.  The volume of Li-NMC batteries coming to the end of their life cycle will go up along with the rise in EV adoption. This, in turn, will create a huge opportunity for recyclers to extract precious metals, such as lithium, nickel, cobalt, and manganese. These important materials are the building blocks of new batteries.

Cirba Solutions (US), American Battery Technology Company (US), Ecobat (US), Aqua Metals, Inc. (US), and Redwood Materials (US) are the leading players in the market. There is significant competition in the US lithium-ion battery recycling market to develop new process technology, lower the manufacturing cost, expand, and increase the use of lithium-ion batteries in end-use industries.

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