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Redding, California - July 23, 2024

Black Mass Recycling Market to be Worth $8.87 Billion by 2030

Black Mass Recycling Market by Battery Source (Automotive Batteries, Industrial Batteries), Battery Type (Li-ion Battery, Nickel–metal Hydride Battery), Recycling Process (Pyrometallurgical Process, Hydrometallurgical Process) - Global Forecast to 2030

Meticulous Research^®—a leading global market research company, published a research report titled, ‘Black Mass Recycling Market by Battery Source (Automotive Batteries, Industrial Batteries), Battery Type (Li-ion Battery, Nickel–metal Hydride Battery), Recycling Process (Pyrometallurgical Process, Hydrometallurgical Process) - Global Forecast to 2030.’

According to this latest publication from Meticulous Research^®, the Black Mass Recycling Market is projected to reach $8.87 billion by 2030, at a CAGR of 19.1% during the forecast period. The growth of this market is driven by government initiatives with technological advancements, a growing need to manage the disposal of used batteries, and growth in battery manufacturing. Furthermore, government incentives for battery recycling and a growing emphasis on recovering valuable materials are expected to create market growth opportunities during the forecast period.

However, the lack of proper recycling infrastructure restrains the growth of this market. Also, the variations in the prices of battery raw materials and a broad array of battery chemistries are major challenges for the players in this market. Furthermore, the advancements in recycling technologies and increasing investments in li-ion battery recycling in emerging countries are key trends in the black mass recycling market.

The black mass recycling market is segmented based on battery source, battery type, and recycling process. The study also evaluates industry competitors and analyzes the market at the regional/country level.

Based on battery source, the black mass recycling market is segmented into automotive batteries, industrial batteries, portable batteries, and other battery sources. In 2024, the industrial batteries segment is expected to account for the largest share of the black mass recycling market. The large market share of this segment is mainly attributed to various factors, as batteries are extensively used in industries for various reasons, including providing backup power during outages, ensuring uninterrupted operations, and supporting portable devices. Also, they offer a reliable and portable energy source, enabling flexibility in power supply for critical equipment and systems.

Based on battery type, the black mass recycling market is segmented into li-ion batteries, nickel–metal hydride batteries, nickel cobalt manganese batteries, and other battery types. In 2024, the li-ion battery segment is expected to account for the largest share of the black mass recycling market. The large market share of this segment is mainly attributed to various factors, such as the high usage of li-ion batteries contributing to an increased demand for black mass recycling as these batteries contain valuable materials like lithium, cobalt, nickel, and manganese. Also, the growing demand for li-ion batteries for various applications such as EV charging and portable electronics amplifies the need for efficient lithium-ion battery recycling processes, which help to poise the growth of the black mass recycling market.

Based on recycling process, the black mass recycling market is segmented into the pyrometallurgical process, hydrometallurgical process, and other recycling processes. In 2024, the pyrometallurgical process segment is expected to account for the largest share of the black mass recycling market. The large market share of this segment is mainly attributed to its high recycling rate, the increasing need to remove organic material from Li-ion batteries, the need for efficient and cost-effective recycling methods, the increasing need to recover valuable materials from used batteries to reduce the need for new mining, stringent environmental regulations, and growing demand for the scalable, flexible, and low-cost recycling process.

Based on geography, the black mass recycling market is segmented into Asia-Pacific, Europe, North America, Latin America, and the Middle East & Africa. In 2024, Asia-Pacific is expected to account for the largest share of the black mass recycling market, followed by Europe, North America, Latin America, and the Middle East & Africa. The Asia-Pacific region is expected to register the largest market share during the forecast period. The larger share and growth are attributed to the growing implementation of new policies and regulations to promote the recycling of batteries and reduce environmental pollution, the growing consumer electronics industry, rising concerns regarding depleting precious and rare earth metals, growing demand for lithium-ion batteries for EVs battery production, high adoption of electric mobility, surging amount of battery waste generated, and increasing awareness and concern for environmental sustainability in the APAC region.

Key Players:

The key players operating in the black mass recycling market are BASF SE (Germany), Umicore SA (Belgium), Tenova S.p.A. (Italy), Li-Cycle Holdings Corp. (Canada), Lithion Recycling Inc. (Canada), AkkuSer Oy (Finland), Duesenfeld GmbH (Germany), Aqua Metals Inc. (U.S.), SungEel Hi-Tech. Co., Ltd. (South Korea), Fortum Corporation (Finland), Redux GmbH (Germany), Green Li-ion Pte Ltd. (Singapore), Tata Chemicals Limited (India), Attero Recycling Pvt. Lyd. (India), Exigo Recycling Pvt. Ltd. (India).

Download Sample Report Here @ https://www.meticulousresearch.com/download-sample-report/cp_id=5725

Key Questions Answered in the Report:

Which are the high-growth market segments based on battery source, battery type, recycling process, and geography?
What was the historical market size for the black mass recycling market?
What are the market forecasts and estimates for 2024–2030?
What are the major drivers, restraints, opportunities, challenges, and trends in the black mass recycling market?
Who are the major players, and what shares do they hold in the black mass recycling market?
What is the competitive landscape like in the black mass recycling market?
What are the recent developments in the black mass recycling market?
What strategies are adopted by the major players in the black mass recycling market?
What are the key geographic trends, and which are the high-growth countries?
Who are the local emerging players in the black mass recycling market, and how do they compete with the other players?

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Redding, California - July 23, 2024

Black Mass Recycling Market to be Worth $8.87 Billion by 2030

Black Mass Recycling Market by Battery Source (Automotive Batteries, Industrial Batteries), Battery Type (Li-ion Battery, Nickel–metal Hydride Battery), Recycling Process (Pyrometallurgical Process, Hydrometallurgical Process) - Global Forecast to 2030

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