Black Mass Recycling Market Analysis and Forecast, 2025-2034 | Hydrometallurgy and Automotive Batteries Dominate Black Mass Recycling Trends - ResearchAndMarkets.com

The "Black Mass Recycling Market - A Global and Regional Analysis: Focus on Application, Product, and Country Level Analysis - Analysis and Forecast, 2025-2034" report has been added to ResearchAndMarkets.com's offering.

The global black mass recycling market is expected to grow at a CAGR of 23.51% during the forecast period from 2025 to 2034.

The black mass recycling market is a fast-expanding industry that deals with the reprocessing and recovery of essential metals from discharged lithium-ion batteries including manufacturing scrap batteries and end-of-life batteries.

The market for these batteries is anticipated to expand rapidly as electric vehicles gain popularity, which will also fuel the expansion of the black mass market for recycling. In addition, there are a few key players who dominate the black mass recycling market, including Umicore, BASF SE, Tenova S.p.A., and many more. Nonetheless, a large number of new competitors are anticipated to enter the market in the upcoming years, increasing competition and spurring additional growth and innovation.

Industrial Impact

Black mass recycling market has a large industry influence since it provides numerous environmental and economic benefits. Furthermore, it has a significant effect on end-use sectors since it provides a plethora of benefits that can increase their efficiency, lower their costs, and give them a consistent source of important metals.

With an increased worldwide focus on circular economic principles and the advancements in recycling technologies for the recovery of high-performance metals, there is an increasing shift toward the demand and consumption of lithium-ion batteries in the end-use industries, thereby creating demand for black mass powder. Additionally, the shift is more prominent in the automotive and energy sectors in regions such as Asia-Pacific, North America, and Europe.

Market Segmentation Overview:

• By Battery Source: Dominant automotive segment in 2024.
• By Technology: Hydrometallurgy leads in recycling technology.
• By Recovered Metals: Nickel dominates the segment.
• By Application: Automotive sector shows dominance.
• By Region: China leads with significant market share in 2024.

Recent Developments in the Black Mass Recycling Market

• In February 2023, Manganese-rich battery material technology for electric vehicles is being industrialized by Umicore. This significant achievement expands Umicore's wide spectrum of NMC (nickel, manganese, cobalt) battery materials for exceptional productivity, and long-range EVs and introduces a distinctly competitive technology to existing design-to-cost battery technologies for EVs.
• In September 2022, General Motors Co. and Lithion Recycling invested strategically in Lithion Recycling's Series A fundraising round in support of a new strategic collaboration agreement between the two companies to create a circular battery ecosystem employing Lithion Recycling's cutting-edge battery recycling technology.

Key Drivers and Challenges:

• Drivers: Rising electric vehicle adoption, increasing metal prices, supportive government initiatives, and technological advancements.
• Challenges: Diverse battery chemistries and volatile raw material prices.

Market Strategies and Insights:

Innovation strategies provide insights into different recycling battery sources and chemistries employed across industries. Growth strategies encompass business expansions and strategic collaborations. Competitive strategies offer a detailed benchmark, aiding in understanding market dynamics and discovering untapped revenue opportunities.

Some prominent names in the black mass recycling market are:

• Umicore
• Hydrovolt
• BASF
• Tenova
• ELECTRA
• ROYALBEES
• RUBAMIN
• Aqua Metals, Inc.
• SungEel HiTech. Co., Ltd.
• ECOGRAF
• Fortum
• Redux
• Green Li-ion Pte Ltd.
• TATA Chemicals Ltd.
• Attero
• Exigo Recycling Pvt. Ltd.
• Li-Cycle Corp.
• Lithion Recycling
• AkkuSer
• Duesenfeld

Key Topics Covered:

Markets: Industry Outlook

• Trends: Current and Future Impact Assessment
• Supply Chain Overview
• R&D Review
• Regulatory Landscape
• Technology Analysis
  • Advanced Separation Technologies
  • Automation and Robotics in Recycling
  • Digitalization and Data Analytics
• Recycling Process Overview
  • Recycling Facility Type
    • Dedicated Battery Recycling Facilities
    • Integrated Smelting and Refining Facilities
    • Mobile Recycling Units
  • Technological Capabilities
  • End-of-Life Battery Collection Method
    • Manufacturer Take-Back Programs
    • Retail Collection Points
    • Municipal Hazardous Waste Programs
    • Third-Party Collection Services
  • Effectiveness and Challenges
• Industry Attractiveness: Porter's Five Forces Analysis
• Impact Analysis for Key Global Events
• Market Dynamics Overview
  • Market Drivers
    • Increasing Demand for Electric Vehicles
    • Stringent Environmental Regulations
    • Rising Raw Material Prices
  • Market Restraints
    • Lack of Standardized Recycling Infrastructure
    • Complexities in Battery Composition
  • Market Opportunities
    • Technological Advancements in Recycling Processes
    • Government Incentives and Subsidies

Global Black Mass Recycling Market (by Application)

• Application Segmentation
• Application Summary
• Global Black Mass Recycling Market, by Application
  • Automotive Industry
  • Consumer Electronics
  • Energy Storage
  • Aerospace and Defense
  • Industrial Applications
  • Others

Global Black Mass Recycling Market (by Products)

• Product Segmentation
• Product Summary
• Global Black Mass Recycling Market, by Battery Source
  • Automotive Batteries
  • Industrial Batteries
  • Consumer Electronics Batteries
  • Others
• Global Black Mass Recycling Market, by Recycling Process
  • Hydrometallurgy
  • Pyrometallurgy
  • Direct Recycling Process
• Global Black Mass Recycling Market, by Recovered Metals
  • Lithium
  • Cobalt
  • Nickel
  • Manganese
  • Graphite
  • Other Metals
• Global Black Mass Recycling Market, by Battery Chemistry
  • Lithium Iron Phosphate (LFP) Batteries
  • Lithium Nickel Cobalt Aluminum Oxide (NCA) Batteries
  • Lithium Nickel Manganese Cobalt Oxide (NMC) Batteries
  • Lithium Cobalt Oxide (LCO) Batteries
  • Others

4. Global Black Mass Recycling Market (by Region)

• North America
• Europe
• Asia-Pacific
• Rest-of-the-World

Markets - Competitive Benchmarking & Company Profiles

• Next Frontiers
• Geographic Assessment
• Competitor Benchmarking
• Startup and New Entrants

Company Profiles

• BASF
• Umicore
• Tenova S.p.A.
• Li-Cycle Corp.
• Lithion Recycling
• AKKUSER
• Duesenfeld
• ELECTRA
• ROYALBEES
• RUBAMIN
• Aqua Metals Inc.
• HYDROVOLT AS
• SungEel Hi-Tech. Co., Ltd.
• ECOGRAF
• Fortum
• Redux GmbH
• Green Li-ion Pte Ltd.
• TATA Chemicals Ltd.
• ATTERO
• Exigo Recycling Pvt. Ltd.

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