Short Description
North America Lithium-Ion Battery Recycling Market, By Component (Active Material, Non-Active Material), Chemistry (Lithium-Nickel Manganese Cobalt (Li-NMC), Lithium Cobalt Oxide (LCO), Lithium-Manganese Oxide (LMO), Lithium-Iron Phosphate (LFP), Lithium-Nickel Cobalt Aluminum Oxide (NCA), Lithium-Titanate Oxide (LTO)), Recycling Process (Hydrometallurgical Process, Pyrometallurgy Process, Physical/ Mechanical Process) Industry Trends And Forecast To 2029
Market Definition
Lithium ion battery comprises of lithium ions which moves from negative electrode to the positive electrode through the electrolyte during charging and moves backwards at the time of charging. These batteries are rechargeable and commonly used in consumer electronics and automobiles. It consists of four components cathode, anode, separator and electrolyte. Anode helps in storing and releasing of lithium ions from cathode, enabling the pass of current through an external circuit. Cathode acts as a source of lithium ions which determines the capacity and average voltage of the battery. Electrolytic is basically the medium which helps in the movement of the ions. Separator basically helps in preventing the contact between the cathode and anode. Aluminum foils are used as a current collector for cathodes and copper foils are used as a current collector for anodes. The combination of all four components makes up a cell which is used to power various applications. With cluster of cells module is formed and with cluster of modules a pack is formed. Lithium ion batteries offer high energy density, voltage capacity and lower self-discharge rate than other rechargeable batteries. This makes them highly suitable for wide range of applications.
Market Segmentation
North America lithium-ion battery recycling market is segmented into three notable segments which are based on component, chemistry, and recycling process.
On the basis of component, the global lithium-ion battery recycling market is segmented into active material and non-active material.
On the basis of chemistry, the global lithium-ion battery recycling market has been segmented into below lithium-nickel manganese cobalt (Li-NMC), lithium cobalt oxide (LCO), lithium-manganese oxide (LMO), lithium-iron phosphate (LFP), lithium-nickel cobalt aluminum oxide (NCA), lithium-titanate oxide (LTO).
On the basis of recycling process, the global lithium-ion battery recycling market has been segmented into hydrometallurgical process, pyrometallurgy process, physical/ mechanical process.
Market Players
Some of the major players operating in the North America lithium-ion battery recycling market are:
Glencore
Retriev Technologies
Umicore
American Manganese Inc.
Li-Cycle Corp
TES
Contemporary Amperex Technology Co., Limited
Ganfeng Lithium Co.,Ltd.
OnTo Technology LLC
Lithion Recycling
ECOBAT
Veolia Environnement SA
Batrec Industrie
Redwood Materials, Inc.
TABLE OF CONTENTS
1 INTRODUCTION 19
1.1 OBJECTIVES OF THE STUDY 19
1.2 MARKET DEFINITION 19
1.3 OVERVIEW OF THE NORTH AMERICA LITHIUM-ION BATTERY RECYCLING MARKET 19
1.4 CURRENCY AND PRICING 20
1.5 LIMITATIONS 21
1.6 MARKETS COVERED 21
2 MARKET SEGMENTATION 24
2.1 MARKETS COVERED 24
2.2 GEOGRAPHICAL SCOPE 25
2.3 YEARS CONSIDERED FOR THE STUDY 26
2.4 DBMR TRIPOD DATA VALIDATION MODEL 27
2.5 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS 30
2.6 DBMR MARKET POSITION GRID 31
2.7 VENDOR SHARE ANALYSIS 33
2.8 MULTIVARIATE MODELING 34
2.9 COMPONENT TIMELINE CURVE 34
2.10 MARKET CHALLENGE MATRIX 35
2.11 SECONDARY SOURCES 36
2.12 ASSUMPTIONS 36
3 EXECUTIVE SUMMARY 37
4 PREMIUM INSIGHTS 39
4.1 MANUFACTURING OUTLOOK 41
4.2 TECHNOLOGICAL ADVANCEMENT BY MANUFACTURERS 41
4.3 PORTERS FIVE FORCES 43
4.4 VENDOR SELECTION CRITERIA 44
4.5 PESTEL ANALYSIS 46
4.6 SUPPLY CHAIN ANALYSIS 47
4.6.1 OVERVIEW 47
4.6.2 LOGISTIC COST SCENARIO 47
4.6.3 IMPORTANCE OF LOGISTICS SERVICE PROVIDERS 48
4.7 CLIMATE CHANGE SCENARIO 49
4.7.1 ENVIRONMENTAL CONCERNS 49
4.7.2 INDUSTRY RESPONSE 49
4.7.3 GOVERNMENTS ROLE 50
4.7.4 ANALYST RECOMMENDATION 51
5 REGULATION COVERAGE 52
6 MARKET OVERVIEW 54
6.1 DRIVERS 56
6.1.1 RISING DEMAND FOR SMART PHONES & CONSUMER ELECTRONICS 56
6.1.2 PENETRATION OF LOW CARBON GENERATION TRANSPORTATION FLEET 57
6.1.3 INCREASE IN DEMAND FOR LITHIUM-ION BATTERIES FOR VARIOUS INDUSTRIAL APPLICATIONS 57
6.1.4 RISE IN THE NUMBER OF ELECTRIC VEHICLES ACROSS THE REGION 58
6.1.5 INCREASE IN THE ADOPTION OF LITHIUM-ION BATTERIES IN THE DEFENSE SECTOR 58
6.2 RESTRAINTS 59
6.2.1 SAFETY ISSUES RELATED TO THE STORAGE AND TRANSPORTATION OF SPENT BATTERIES 59
6.2.2 STRINGENT GOVERNMENT REGULATIONS AND POLICIES FOR RECYCLING OF LITHIUM-ION BATTERY 59
6.3 OPPORTUNITIES 60
6.3.1 GROWING NUMBER OF R&D INITIATIVES AND GOVERNMENT FACILITIES FOR RECYCLING 60
6.3.2 RISE IN ACQUISITIONS & PARTNERSHIPS AMONG VARIOUS ORGANIZATIONS 61
6.3.3 INCREASE IN GROWTH OF RENEWABLE ENERGY ACROSS THE REGION 61
6.3.4 HIGHER ADOPTION OF CORDLESS POWER TOOLS 61
6.4 CHALLENGES 63
6.4.1 ISSUES RELATED TO OVERHEATING OF LITHIUM-ION BATTERY 63
6.4.2 HIGHER DEGRADATION RATE OF LITHIUM-ION BATTERY 63
7 NORTH AMERICA LITHIUM-ION BATTERY RECYCLING MARKET, BY COMPONENT 64
7.1 OVERVIEW 65
7.2 ACTIVE MATERIAL 66
7.3 NON-ACTIVE MATERIAL 67
8 NORTH AMERICA LITHIUM-ION BATTERY RECYCLING MARKET, BY CHEMISTRY 68
8.1 OVERVIEW 69
8.2 LITHIUM-NICKEL MANGANESE COBALT (LI-NMC) 70
8.3 LITHIUM COBALT OXIDE (LCO) 71
8.4 LITHIUM-MANGANESE OXIDE (LMO) 71
8.5 LITHIUM-IRON PHOSPHATE (LFP) 72
8.6 LITHIUM-NICKEL COBALT ALUMINIUM OXIDE (NCA) 73
8.7 LITHIUM-TITANATE OXIDE (LTO) 74
9 NORTH AMERICA LITHIUM-ION BATTERY RECYCLING MARKET, BY RECYCLING PROCESS 75
9.1 OVERVIEW 76
9.2 HYDROMETALLURGICAL PROCESS 77
9.3 PYROMETALLURGY PROCESS 78
9.4 PHYSICAL/ MECHANICAL PROCESS 79
10 NORTH AMERICA LITHIUM-ION BATTERY RECYCLING MARKET, BY REGION 80
10.1 NORTH AMERICA 81
10.1.1 U.S. 85
10.1.2 CANADA 86
10.1.3 MEXICO 87
11 NORTH AMERICA LITHIUM-ION BATTERY RECYCLING MARKET: COMPANY LANDSCAPE 88
11.1 COMPANY SHARE ANALYSIS: NORTH AMERICA 88
12 SWOT ANALYSIS 89
13 COMPANY PROFILE 90
13.1 GLENCORE 90
13.1.1 COMPANY SNAPSHOT 90
13.1.2 REVENUE ANALYSIS 90
13.1.3 COMPANY SHARE ANALYSIS 91
13.1.4 PRODUCT PORTFOLIO 91
13.1.5 RECENT DEVELOPMENT 91
13.2 CONTEMPORARY AMPEREX TECHNOLOGY CO., LIMITED 92
13.2.1 COMPANY SNAPSHOT 92
13.2.2 REVENUE ANALYSIS 92
13.2.3 COMPANY SHARE ANALYSIS 93
13.2.4 SOLUTION CATEGORIES 93
13.2.5 ECENT DEVELOPMENT 93
13.3 UMICORE 94
13.3.1 COMPANY SNAPSHOT 94
13.3.2 REVENUE ANALYSIS 94
13.3.3 COMPANY SHARE ANALYSIS 95
13.3.4 PRODUCT POTFOLIO 95
13.3.5 RECENT DEVELOPMENT 95
13.4 GEM CO., LTD. 96
13.4.1 COMPANY SNAPSHOT 96
13.4.2 REVENUE ANALYSIS 96
13.4.3 COMPANY SHARE ANALYSIS 97
13.4.4 PRODUCT PORTFOLIO 97
13.4.5 RECENT DEVELOPMENT 97
13.5 VEOLIA 98
13.5.1 COMPANY SNAPSHOT 98
13.5.2 REVENUE ANALYSIS 98
13.5.3 COMPANY SHARE ANALYSIS 99
13.5.4 PRODUCT PORTFOLIO 99
13.5.5 RECENT DEVELOPMENTS 99
13.6 ACCUREC-RECYCLING GMBH 100
13.6.1 COMPANY SNAPSHOT 100
13.6.2 PRODUCT PORTFOLIO 100
13.6.3 RECENT DEVELOPMENT 100
13.7 AKKUSER OY 101
13.7.1 COMPANY SNAPSHOT 101
13.7.2 SERVICE PORTFOLIO 101
13.7.3 RECENT DEVELOPMENT 101
13.8 AMERICAN MANGANESE INC. 102
13.8.1 COMPANY SNAPSHOT 102
13.8.2 PRODUCT PORTFOLIO 102
13.8.3 RECENT DEVELOPMENT 102
13.9 ATTERO RECYCLING PVT. LTD. 103
13.9.1 COMPANY SNAPSHOT 103
13.9.2 PRODUCT PORTFOLIO 103
13.9.3 RECENT DEVELOPMENT 103
13.10 BATREC INDUSTRIE 104
13.10.1 COMPANY SNAPSHOT 104
13.10.2 PRODUCT PORTFOLIO 104
13.10.3 RECENT DEVELOPMENT 104
13.11 CAWLEYS 105
13.11.1 COMPANY SNAPSHOT 105
13.11.2 SERVICE PORTFOLIO 105
13.11.3 RECENT DEVELOPMENTS 105
13.12 DUESENFELD GMBH 106
13.12.1 COMPANY SNAPSHOT 106
13.12.2 PRODUCT PORTFOLIO 106
13.12.3 RECENT DEVELOPMENT 106
13.13 ECOBAT 107
13.13.1 COMPANY SNAPSHOT 107
13.13.2 PRODUCT PORTFOLIO 107
13.13.3 RECENT DEVELOPMENT 107
13.14 ENVIROSTREAM AUSTRALIA PTY LTD 108
13.14.1 COMPANY SNAPSHOT 108
13.14.2 SERVICE PORTFOLIO 108
13.14.3 RECENT DEVELOPMENTS 108
13.15 FORTUM 109
13.15.1 COMPANY SNAPSHOT 109
13.15.2 REVENUE ANALYSIS 109
13.15.3 PRODUCT PORTFOLIO 110
13.15.4 RECENT DEVELOPMENT 110
13.16 GANFENG LITHIUM CO., LTD 111
13.16.1 COMPANY SNAPSHOT 111
13.16.2 REVENUE ANALYSIS 111
13.16.3 PRODUCT PORTFOLIO 112
13.16.4 RECENT DEVELOPMENT 112
13.17 LI-CYCLE CORP 113
13.17.1 COMPANY SNAPSHOT 113
13.17.2 REVENUE ANALYSIS 113
13.17.3 SERVICE PORTFOLIO 114
13.17.4 RECENT DEVELOPMENT 114
13.18 LITHION RECYCLING 115
13.18.1 COMPANY SNAPSHOT 115
13.18.2 PRODUCT PORTFOLIO 115
13.18.3 RECENT DEVELOPMENTS 115
13.19 NEOMETALS LTD 117
13.19.1 COMPANY SNAPSHOT 117
13.19.2 REVENUE ANALYSIS 117
13.19.3 PRODUCT PORTFOLIO 118
13.19.4 RECENT DEVELOPMENT 118
13.20 NICKELHTTE AUE GMBH 119
13.20.1 COMPANY SNAPSHOT 119
13.20.2 PRODUCT PORTFOLIO 119
13.20.3 RECENT DEVELOPMENTS 119
13.21 ONTO TECHNOLOGY LLC 120
13.21.1 COMPANY SNAPSHOT 120
13.21.2 SERVICE PORTFOLIO 120
13.21.3 RECENT DEVELOPMENTS 120
13.22 REDWOOD MATERIALS, INC., 121
13.22.1 COMPANY SNAPSHOT 121
13.22.2 SERVICE PORTFOLIO 121
13.22.3 RECENT DEVELOPMENT 121
13.23 RETRIEV TECHNOLOGIES 122
13.23.1 COMPANY SNAPSHOT 122
13.23.2 PRODUCT PORTFOLIO 122
13.23.3 RECENT DEVELOPMENTS 122
13.24 SAUBERMACHER DIENSTLEISTUNGS AG 123
13.24.1 COMPANY SNAPSHOT 123
13.24.2 PRODUCT PORTFOLIO 123
13.24.3 RECENT DEVELOPMENT 123
13.25 TATA CHEMICALS LTD. 124
13.25.1 COMPANY SNAPSHOT 124
13.25.2 REVENUE ANALYSIS 124
13.25.3 PRODUCT PORTFOLIO 125
13.25.4 RECENT DEVELOPMENT 125
13.26 TES 126
13.26.1 COMPANY SNAPSHOT 126
13.26.2 PRODUCT PORTFOLIO 126
13.26.3 RECENT DEVELOPMENT 126
14 QUESTIONNAIRE 127
15 RELATED REPORTS 130