logo image
search icon
Black Mass Recycling Market

Black Mass Recycling Market Size, Share & Trends Analysis Report By Battery Source (Automotive, Industrial, And Portable Batteries), Technology (Hydrometallurgy, Pyrometallurgy), Recovered Metal (Nickel, Cobalt, Lithium, Copper, Manganese), And Application, By Region, And Segment Forecasts, 2023-2031

Report ID : 1680 | Published : 2023-03-31 | Pages: 180 | Format: PDF/EXCEL

The Global Black Mass Recycling Market Size is valued at 9.55 billion in 2022 and is predicted to reach 51.22 billion by the year 2031 at a 20.74% CAGR during the forecast period for 2023-2031.

The black mass recycling market is expected to bolster shortly, mainly due to growing concern for battery waste disposal and increased battery adoption across the industrial sector. Rising investments in recycling technologies, increased traction of second-life batteries, changes in company business models due to climate action, rising demand for raw materials and lithium-ion batteries across the value chain, and the development of economic and environmental technologies are all expected to provide opportunities for the market to grow in the coming years.

Black Mass Recycling Market

It also has a huge impact on end-use sectors since it delivers a variety of benefits that can boost efficiency, cut costs, and provide a steady source of critical metals. With a greater global emphasis on circular economic principles and advancements in recycling technologies for the recovery of high-performance metals, there is a growing shift toward the consumption and demand of lithium-ion batteries in end-use industries, resulting in a demand for black mass powder.

However, the COVID-19 outbreak has paradoxically impacted the black mass recycling industry. On the one hand, the epidemic has made it more difficult to recycle outdated lithium-ion batteries by disrupting the global delivery network. Despite this, the epidemic has increased the usage of electric vehicles, increasing the need for key metals and opening up new markets for the black mass recycling business. 

Recent Developments:

  • In February 2023, Umicore is commercializing manganese-rich battery material technologies for electric vehicles. This remarkable innovation broadens Umicore's broad spectrum of NMC (nickel, manganese, cobalt) battery materials for excellent productivity and long-range EVs and introduces a distinctly competitive technology to existing design-to-cost battery technologies for EVs.
  • In June 2021, A project to recover nickel and cobalt material (precursor materials) from an existing plant for battery recycling in the Hubei region of China has received funding commitments totaling around CNY 310 million, according to GEM Co., a battery materials company based in China. By 2025, the company wants to increase its annual precursor output by a factor of three, to 100,000 metric tonnes. 

Competitive Landscape:

The black mass recycling market players are:

  • BASF SE
  • 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 

Market Segmentation:

The black mass recycling market is segmented on the basis of battery source, technology, recovered metal, and application. Based on battery source, the market is segmented as automotive, industrial, and portable batteries. The technology segment includes hydrometallurgy, pyrometallurgy, and others. By recovering metal, the market is segmented into nickel, cobalt, lithium, copper, manganese, and others. The applications segment includes automotive, consumer electronics, energy, aerospace and defense, construction, and others.

Based On Technology, The Hydrometallurgy Segment Is Accounted As A Major Contributor To The Black Mass Recycling Market

The hydrometallurgy category is expected to hold a major share of the global black mass recycling market in 2022. In general, mechanical treatment, hydrometallurgical treatment, thermal pre-treatment combined with hydrometallurgical procedures, or pyrometallurgical treatment are used in the recycling of used lithium batteries. In the hydrometallurgical processes, the metals from the black matter are dissolved in water solutions, including reagents, following mechanical/physical processing (usually acids). The resulting metal-rich solution is then processed to recover the metals using ion exchange, solvent extraction, or precipitation.

Also, The Pyrometallurgy technique has lately grown in prominence, especially in the automotive (EV) and renewable energy industries. Falling prices and favorable chemistry steered the technological demand. A lithium battery has a life expectancy of three to four years, after which time users can recycle it and replace it with a new one.

The Automotive Segment Witnessed Growth At A Rapid Rate

The automotive segment is projected to grow at a rapid rate in the global black mass recycling market owing to attributable to the rising sales of electric automobiles across the globe. It outperforms traditional cars in terms of fuel economy, low carbon emission and maintenance, home charging convenience, smoother drive, and reduced engine sound. There is a growing shift towards the demand and consumption of lithium-ion batteries in the end-use industries, which is creating demand for black mass powder. This shift is due to an increased focus on circular economic principles globally and advancements in recycling technologies for the recovery of high-performance metals.

Asia Pacific Black Mass Recycling Market holds a significant revenue share in the region

Asia Pacific's black mass recycling market is expected to register the highest market share in revenue in the near future. Due to its massive electric vehicle industry, top suppliers throughout the supply chain, and quickly developing economy, China presently owns most of the global black mass recycling market. With the burgeoning start-ups in battery recycling, the European region's battery recycling industry has recently seen steady expansion. Other major drivers for the battery recycling industry are the region's developing electric vehicle sector and energy storage initiatives.

According to the International Energy Agency, new electric car registrations in Europe will quadruple to 1.4 million in 2020, representing a 10% sales share. The batteries are also being manufactured for renewable-plus-storage projects in the area. Europe has acknowledged that a circular economy is required to satisfy environmental goals under such an energy transition scenario.

Black Mass Recycling Market Report Scope:

Report Attribute

Specifications

Market size value in 2022

USD 9.55 Bn

Revenue forecast in 2031

USD 51.22 Bn

Growth rate CAGR

CAGR of 20.74 % from 2023 to 2031

Quantitative units

Representation of revenue in US$ Million, Volume (KT), and CAGR from 2023 to 2031

Historic Year

2019 to 2022

Forecast Year

2023-2031

Report coverage

The forecast of revenue, the position of the company, the competitive market statistics, growth prospects, and trends

Segments covered

Battery Source, Technology, Recovered Metal, And Application

Regional scope

North America; Europe; Asia Pacific; Latin America; Middle East & Africa

Country scope

U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; Southeast Asia; South Korea; Southeast Asia

Competitive Landscape

BASF SE, 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, and Exigo Recycling Pvt. Ltd.

Customization scope

Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape.

Pricing and available payment methods

Explore pricing alternatives that are customized to your particular study requirements.

Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions

Chapter 2. Executive Summary

Chapter 3. Global Black Mass Recycling Market Snapshot

Chapter 4. Global Black Mass Recycling Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis
4.6. Industry Analysis – Porter’s Five Forces Analysis
4.7. Competitive Landscape & Market Share Analysis
4.8. Impact of Covid-19 Analysis

Chapter 5. Market Segmentation 1: by Battery Source Estimates & Trend Analysis
5.1. by Battery Source & Market Share, 2019 & 2031
5.2. Market Size (Value (US$ Mn) & Volume (KT)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Battery Source:

5.2.1. Automotive Batteries
5.2.2. Industrial Batteries
5.2.3. Portable Batteries

Chapter 6. Market Segmentation 2: by Technology Estimates & Trend Analysis
6.1. by Technology & Market Share, 2019 & 2031
6.2. Market Size (Value (US$ Mn) & Volume (KT)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Technology:

6.2.1. Hydrometallurgy
6.2.2. Pyrometallurgy
6.2.3. Others

Chapter 7. Market Segmentation 3: by Recovered Metal Estimates & Trend Analysis
7.1. by Recovered Metal & Market Share, 2019 & 2031
7.2. Market Size (Value (US$ Mn) & Volume (KT)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Recovered Metal:

7.2.1. Nickel
7.2.2. Cobalt
7.2.3. Lithium
7.2.4. Copper
7.2.5. Manganese
7.2.6. Others

Chapter 8. Market Segmentation 4: by Application Estimates & Trend Analysis
8.1. by Application & Market Share, 2019 & 2031
8.2. Market Size (Value (US$ Mn) & Volume (KT)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Application:

8.2.1. Automotive
8.2.2. Consumer Electronics
8.2.3. Energy
8.2.4. Aerospace and Defense
8.2.5. Construction
8.2.6. Others

Chapter 9. Black Mass Recycling Market Segmentation 5: Regional Estimates & Trend Analysis

9.1. North America

9.1.1. North America Black Mass Recycling Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by Battery Source, 2023-2031
9.1.2. North America Black Mass Recycling Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by Technology, 2023-2031
9.1.3. North America Black Mass Recycling Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by Recovered Metal, 2023-2031
9.1.4. North America Black Mass Recycling Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by Application, 2023-2031
9.1.5. North America Black Mass Recycling Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by country, 2023-2031

9.2. Europe

9.2.1. Europe Black Mass Recycling Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by Battery Source, 2023-2031
9.2.2. Europe Black Mass Recycling Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by Technology, 2023-2031
9.2.3. Europe Black Mass Recycling Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by Recovered Metal, 2023-2031
9.2.4. Europe Black Mass Recycling Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by Application, 2023-2031
9.2.5. Europe Black Mass Recycling Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by country, 2023-2031

9.3. Asia Pacific

9.3.1. Asia Pacific Black Mass Recycling Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by Battery Source, 2023-2031
9.3.2. Asia Pacific Black Mass Recycling Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by Technology, 2023-2031
9.3.3. Asia-Pacific Black Mass Recycling Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by Recovered Metal, 2023-2031
9.3.4. Asia-Pacific Black Mass Recycling Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by Application, 2023-2031
9.3.5. Asia Pacific Black Mass Recycling Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by country, 2023-2031

9.4. Latin America

9.4.1. Latin America Black Mass Recycling Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by Battery Source, 2023-2031
9.4.2. Latin America Black Mass Recycling Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by Technology, 2023-2031
9.4.3. Latin America Black Mass Recycling Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by Recovered Metal, 2023-2031
9.4.4. Latin America Black Mass Recycling Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by Application, 2023-2031
9.4.5. Latin America Black Mass Recycling Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by country, 2023-2031

9.5. Middle East & Africa

9.5.1. Middle East & Africa Black Mass Recycling Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by Battery Source, 2023-2031
9.5.2. Middle East & Africa Black Mass Recycling Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by Technology, 2023-2031
9.5.3. Middle East & Africa Black Mass Recycling Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by Recovered Metal, 2023-2031
9.5.4. Middle East & Africa Black Mass Recycling Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by Application, 2023-2031
9.5.5. Middle East & Africa Black Mass Recycling Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by country, 2023-2031

Chapter 10. Competitive Landscape

10.1. Major Mergers and Acquisitions/Strategic Alliances

10.2. Company Profiles


10.2.1. BASF SE
10.2.2. Umicore
10.2.3. Tenova S.p.A.
10.2.4. Li–Cycle Corp.
10.2.5. Lithion Recycling
10.2.6. AKKUSER
10.2.7. Duesenfeld
10.2.8. ELECTRA
10.2.9. ROYALBEES
10.2.10. RUBAMIN
10.2.11. Aqua Metals Inc.
10.2.12. HYDROVOLT AS
10.2.13. SungEel Hi-Tech. Co., Ltd.
10.2.14. ECOGRAF
10.2.15. Fortum
10.2.16. Redux GmbH
10.2.17. Green Li-ion Pte Ltd.
10.2.18. TATA Chemicals Ltd.
10.2.19. ATTERO
10.2.20. Exigo Recycling Pvt. Ltd.
10.2.21. Other Prominent Players

Segmentation of Black Mass Recycling Market-

Black Mass Recycling Market By Battery Source-

  • Automotive Batteries
  • Industrial Batteries
  • Portable Batteries

Black Mass Recycling Market

Black Mass Recycling Market By Technology-

  • Hydrometallurgy
  • Pyrometallurgy
  • Others

Black Mass Recycling Market By Recovered Metal-

  • Nickel
  • Cobalt
  • Lithium
  • Copper
  • Manganese
  • Others

Black Mass Recycling Market By Application-

  • Automotive
  • Consumer Electronics
  • Energy
  • Aerospace and Defense
  • Construction
  • Others

Black Mass Recycling Market By Region-

North America-

  • The US
  • Canada
  • Mexico

Europe-

  • Germany
  • The UK
  • France
  • Italy
  • Spain
  • Rest of Europe

Asia-Pacific-

  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific

Latin America-

  • Brazil
  • Argentina
  • Rest of Latin America

 Middle East & Africa-

  • GCC Countries
  • South Africa
  • Rest of the Middle East and Africa

InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.

Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.

Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.

Secondary research

The secondary research sources that are typically mentioned to include, but are not limited to:

  • Company websites, financial reports, annual reports, investor presentations, broker reports, and SEC filings.
  • External and internal proprietary databases, regulatory databases, and relevant patent analysis
  • Statistical databases, National government documents, and market reports
  • Press releases, news articles, and webcasts specific to the companies operating in the market

The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista

Primary Research:

Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies

The contributors who typically take part in such a course include, but are not limited to: 

  • Industry participants: CEOs, CBO, CMO, VPs, marketing/ type managers, corporate strategy managers, and national sales managers, technical personnel, purchasing managers, resellers, and distributors.
  • Outside experts: Valuation experts, Investment bankers, research analysts specializing in specific markets
  • Key opinion leaders (KOLs) specializing in unique areas corresponding to various industry verticals
  • End-users: Vary mainly depending upon the market

Data Modeling and Analysis:

In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.

The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.

To know more about the research methodology used for this study, kindly contact us/click here.

user icon
office icon
mail icon
call icon

This website is secure, and we do not share your personal information with any third party. Privacy Policy

Need Customization
Need specific information/chapter from the report of the custom data table, graph or complete report? Tell us more.

Frequently Asked Questions

How big is the Black Mass Recycling Market?

Black Mass Recycling Market expected to grow at a 20.74% CAGR during the forecast period for 2023-2031

BASF SE, Umicore, Tenova S.p.A., Li–Cycle Corp., Lithion Recycling, AKKUSER, Duesenfeld, ELECTRA, ROYALBEES, RUBAMIN, Aqua Metals Inc., HYDROVOLT AS

Our Clients

  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo

Media Citations

  • media citation logo
  • media citation logo
  • media citation logo
  • media citation logo
  • media citation logo
  • media citation logo
  • media citation logo
  • media citation logo
  • media citation logo

Growth opportunities and latent adjacency in Chemicals and Materials

Select Licence Type
$4456
$7786
$10000
$1200
Get Your GTM Strategy

Navigate market entry with channel selection, launch strategy & timeline, and pricing model support.

Equip yourself with the insights needed to develop a winning go-to-market strategy

Get real-time updates and joint control over project direction with our collaborative approach