US Lithium-Ion Battery Recycling Market Share will Witness a YOY Growth Rate of 20.97% in 2022
The lithium-ion battery recycling market share in the US is set to post an incremental growth of USD 45.71 million, decelerating at a CAGR of 21.21% during the forecast period. Technavio's research report investigates the key markets and the factors that are likely to boost growth along with challenges that need to be surpassed to promote success in the market. The report also provides an analysis of key segments and offers competitive benchmarking of the key market players and their product portfolios.
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Lithium-Ion Battery Recycling Market In the US: US to lead market growth during the forecast period
- The lithium-ion battery recycling market in the US is segmented by source (non-mobility and mobility) and process (hydrometallurgical and others).
- The lithium-ion battery recycling market share in the US by the non-mobility segment will be significant during the forecast period.
- 100% of the market growth will originate from the US during the forecast period.
- The report provides an accurate prediction of the contribution of all the geographic segments to the growth of the lithium-ion battery recycling market size in the US.
- Increasing demand for electric vehicles will be a significant factor in driving the growth of the lithium-ion battery recycling market in the US. The report provides a detailed analysis of all the trends that are likely to influence the growth of individual segments within the market as well as the overall market in focus. This analysis will thus enable businesses to assess their play in the market and plan for growth opportunities.
Lithium-Ion Battery Recycling Market In the US: Key Competitors
The market is fragmented and the growth of the players in this market is dependent on several factors such as prevalent market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions.
Some of the leading lithium-ion battery recycling market vendors in the US are American Battery Technology Co., American Zinc Recycling, Aqua Metals Inc., Battery Resourcers Inc., Heritage Environmental Services LLC, Li-Cycle Holdings Corp., Onto Technology LLC, Redwood Materials Inc., Retriev Technologies, and TES (Singapore) Pte Ltd.
Download the Free PDF sample report for highlights on the market size, growth momentum, regional growth opportunities, vendor analysis, and other factors influencing the market growth.
The report provides insights into the following FAQs:
- What is the market CAGR?
The market is decelerating at a CAGR of 21.21%.
- What is the incremental growth of the market?
The market is expected to grow by USD 45.71 million through 2022-2026.
- What is a key factor driving this market?
Increasing demand for electric vehicles will drive market growth over the forecast period.
- What are the key regions covered in this market research report?
The US is the key regions featured in this research report.
- Which is the leading geographic region for this market?
100% growth will originate from the US.
- Who are the leading market vendors?
The leading vendors in this market are American Battery Technology Co., American Zinc Recycling, Aqua Metals Inc., Battery Resourcers Inc., Heritage Environmental Services LLC, Li-Cycle Holdings Corp., Onto Technology LLC, Redwood Materials Inc., Retriev Technologies, and TES (Singapore) Pte Ltd.
- What are the market segments covered in this report?
The market is segmented by source (non-mobility and mobility) and process (hydrometallurgical and others).