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U.S. Lithium-Ion Battery Recycling Market to Surge from 120,000 Tons to 1.32 Million Tons by 2033 – The Most Explosive Volume Growth Story in American Industrial Recycling
The U.S. Lithium-Ion Battery Recycling Market is projected to grow from 120,000 tons in 2024 to approximately 1.32 million tons by 2033, at a CAGR of 32.6%.
Spent lithium-ion batteries contain valuable metals such as cobalt, nickel, lithium, and copper, turning recycling into a strategic resource recovery process.
The Inflation Reduction Act mandates domestic content requirements for electric vehicle incentives, making recovered critical minerals valuable for fulfilling U.S. sourcing rules.
Mechanical recycling leads the market with a 37.61% share by separating materials before further processing, with Redwood Materials being a key player with a vertically integrated approach.