PUBLISHER: BIS Research | PRODUCT CODE: 1711583
PUBLISHER: BIS Research | PRODUCT CODE: 1711583
Global Black Mass Recycling Market Overview
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.
Black Mass Recycling Market Lifecycle Stage
The global black mass recycling market is in a growing phase. New trends, such as rising investments in recycling technologies, increasing traction of second-life batteries, change in business models of companies due to climate action, increasing demand for lithium-ion batteries and raw materials across the value chain, and development of economic and environmental technologies, are further expected to provide opportunities for the market to grow in the coming years.
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.
Black Mass Recycling Market Segmentation
Segmentation 1: by Battery Source
Based on the battery source, the automotive batteries segment was dominant, in the global black mass recycling market in 2024.
Segmentation 2: by Technology
Based on the recycling technology, the Hydrometallurgy segment was dominant, in the global black mass recycling market in 2024. It is one of the most significant recycling technologies, which meets the requirement of major industrial application areas.
Segmentation 3: by Recovered Metals
Based on the recovered metals segment, nickel was the dominant metal, in the global black mass recycling market in 2024.
Segmentation 4: by Application
Based on the end-use application segment, the automotive segment is dominant, in the global black mass recycling market in 2024.
Segmentation 5: by Region
Based on region, China was the dominant region, accounting for a share of the global black mass recycling fibre market in 2024.
Recent Developments in the Black Mass Recycling Market
Demand - Drivers and Limitations
Following are the demand drivers for the global black mass recycling market:
Following are the challenges for the global black mass recycling market:
How can this report add value to an organization?
Product/Innovation Strategy: The product segment helps the reader understand the different sources from where the batteries are coming for recycling and reaching to their best potential globally. Moreover, the study provides the reader with a detailed understanding of the different battery chemistries and their assortments in different batteries employed in various end-use applications in industries such as aerospace, automotive, energy, sports, and others.
Growth/Marketing Strategy: Business expansions, partnerships, acquisitions, collaborations, and joint ventures are some key strategies adopted by key players operating in this space. For instance, in April 2022, in Europe, Umicore and Automotive Cells Company (ACC) formed a strategic cooperation for EV battery materials. With the first commercial volumes anticipated in early 2024, the long-term arrangement will begin with an annual offtake commitment of 13 GWh to a significant platform of a European automaker.
Competitive Strategy: Key players in the global black mass recycling market analysed and profiled in the study involve black mass recycling providers. Moreover, a detailed competitive benchmarking of the players operating in the global black mass recycling market has been done to help the reader understand how players stack against each other, presenting a clear market landscape. Additionally, comprehensive competitive strategies such as partnerships, agreements, and collaborations will aid the reader in understanding the untapped revenue pockets in the market.
Key Market Players and Competition Synopsis in Black Mass Recycling Market
The companies profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, and market penetration.
Some prominent names in black mass recycling market are:
Scope and Definition
Market/Product Definition
Key Questions Answered
Analysis and Forecast Note