Black Mass Recycling Market by Battery Type (Lithium-Ion, Nickel), Battery Source (Automotive, Consumer Electronics, Power, Marine), Recycling Process (Pyro, Hydro), Recovered Metal (Nickel, Cobalt, Lithium, Copper), & Region - Global Forecast to 2032

Black Mass Recycling Market by Battery Type (Lithium-Ion, Nickel), Battery Source (Automotive, Consumer Electronics, Power, Marine), Recycling Process (Pyro, Hydro), Recovered Metal (Nickel, Cobalt, Lithium, Copper), & Region - Global Forecast to 2032

The global black mass recycling market is projected to grow from USD 14.41 billion in 2024 to USD 51.70 billion by 2032, at a CAGR of 17.3% during the forecast period. The industry for recycling black mass is expanding significantly due to surge in automotive, consumer electronics, and other sectors. Demand for portable devices and electric vehicles is growing, compounded by the scarcity and increasing prices of critical battery materials. Critical is the need to introduce a more efficient recycling solution. Meanwhile, consumers and manufacturers alike are being driven harder by increasingly stringent environment regulations and growing awareness among consumers on sustainability issues, making them look more enthusiastically towards battery recycling as a better way forward for environmentally responsible end-of-life batteries management.

“Nickel-based battery segment, by battery type, is estimated to account for the second largest share during the forecast period.”

The nickel-based battery segment is projected to secure the second-largest share in the forecast period. This mainly attributes to the fact that such batteries are widely applied in industrial usage, power tools, and hybrid vehicles. The increasing market for energy storage and electric mobility has, therefore, immensely fueled nickel-based battery recycling, as the extracted metal nickel is highly valued and essential for battery manufacturing. Recovery of this key metal from black mass is a must to solve raw material shortages and facilitate more sustainability through the transition toward more sustainable battery supply chains.

“By battery source, consumer electronics segment accounted for the second largest share during the forecast period.”

The consumer electronics segment by battery source is expected to have the second-largest share of the black mass recycling market. primarily fuelled by continuous surges in consumer devices like smartphones, tablets, and smartwatches. With the latter gaining wider acceptance, spent batteries are piling up at volumes that increasingly constitute a need for recycling to recover valuable metals such as lithium and cobalt. The momentum for sustainability and reducing e-waste will only create further growth in importance, thereby positioning consumer electronics battery recycling as an important segment within the circular economy for battery materials.

“Europe region is estimated to account for the second largest share during the forecast period.”

Europe is likely to take the second-biggest share, primarily on account of a few significant factors. This includes the leadership of the region in embracing electric vehicles and renewable energy, thereby increasing volumes of end-of-life batteries, and the fact that this region has very stringent environmental regulations and a strong focus on the circular economy, which have boosted investments in recycling infrastructure. The ready domestic demand for these materials recycled is created by the European automotive and battery manufacturing companies.

Profile break-up of primary participants for the report:

By Company Type: Tier 1 – 65%, Tier 2 – 20%, and Tier 3 – 15%

By Designation: Directors– 30%, Managers– 25%, and Others – 45%

By Region: North America – 20%, Europe – 25%, and Asia Pacific – 55%

Contemporary Amperex Technology Co., Limited (China), Cirba Solutions (US), Glencore (Switzerland), Recyclico Battery Materials Inc. (Canada), and Umicore (Belgium) are some of the major players operating in the black mass recycling market. These players have adopted strategies such as acquisitions, expansions, product launches, and partnerships to increase their market share business revenue.

Research Coverage:

The report defines, segments, and projects the black mass recycling market based on battery type, battery source, recycling process, recovered metal, and region. It provides detailed information regarding the major factors influencing the growth of the market, such as drivers, restraints, opportunities, and challenges. It strategically profiles, black mass recycling manufacturers and comprehensively analyses their market shares and core competencies as well as tracks and analyzes competitive developments, such as expansions, agreements, product launches, and acquisitions, undertaken by them in the market.

Reasons to Buy the Report:

The report is expected to help the market leaders/new entrants in the market by providing them the closest approximations of revenue numbers of the black mass recycling market and its segments. This report is also expected to help stakeholders obtain an improved understanding of the competitive landscape of the market, gain insights to improve the position of their businesses, and make suitable go-to-market strategies. It also enables stakeholders to understand the pulse of the market and provide them information on key market drivers, restraints, challenges, and opportunities.

The report provides insights on the following pointers:

Analysis of key drivers (Increasing demand for electric vehicles, Stringent local and state government regulations and EPA guidelines, Rising demand for recycled products and materials, Depletion of earth metals), restraints (Safety issues related to storage and transportation of spent batteries), opportunities (Subsidies to encourage battery recycling, Rising adoption of lithium-ion batteries due to declining prices), and challenges (High cost of recycling and dearth of technologies) influencing the growth of the black mass recycling market.

Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities in the black mass recycling market.

Market Development: Comprehensive information about lucrative markets – the report analyses the black mass recycling market across varied regions.

Market Diversification: Exhaustive information about new products, various types, untapped geographies, recent developments, and investments in the black mass recycling market.

Competitive Assessment: In-depth assessment of market shares, growth strategies and product offerings of leading players such as Contemporary Amperex Technology Co., Limited (China), Cirba Solutions (US), Glencore (Switzerland), Recyclico Battery Materials Inc. (Canada), and Umicore (Belgium), and others in the black mass recycling market.

Tables List

Table 1 Black Mass Recycling Market: Inclusions & Exclusions

Table 2 Black Mass Recycling Market Snapshot: 2024 Vs. 2032

Table 3 Key Companies In Lib (Lithium-ion Battery) Recycling:

Recycling Method Adopted And Volume Processed

Table 4 Real Gdp Growth (Annual Percentage Change)

For Key Countries, 2021–2023

Table 5 Unemployment Rate, By Key Country, 2021–2023

Table 6 Inflation Rate (Average Consumer Price), By Key Country, 2021–2023

Table 7 Foreign Direct Investment, 2022 Vs. 2023

Table 8 Black Mass Recycling Market: Role Of Players In Ecosystem

Table 9 Porter’s Five Forces Analysis

Table 10 Average Selling Price Of Lithium Carbonate, By Region,

2020–2023 (Usd Thousand/Ton)

Table 11 Average Selling Price Of Cobalt, By Region,

2020–2023 (Usd Thousand/Ton)

Table 12 Average Selling Price Of Nickel, By Region,

2020–2023 (Usd Thousand/Ton)

Table 13 Indicative Pricing For Recovered Metals, By Key Player,

2022 (Usd Thousand/Ton)

Table 14 Indicative Pricing For Recovered Metals, By Key Player,

2023 (Usd Thousand/Tons)

Table 15 North America: Regulatory Bodies, Government Agencies,

And Other Organizations

Table 16 Europe: Regulatory Bodies, Government Agencies,

And Other Organizations

Table 17 Asia Pacific: Regulatory Bodies, Government Agencies,

And Other Organizations

Table 18 Key Conferences & Events, 2024–2025

Table 19 Influence Of Stakeholders On Buying Process For

Major Battery Sources (%)

Table 20 Key Buying Criteria For Top Three Battery Sources

Table 21 Import Data For Lithium Cells And Batteries (Hs Code: 850650),

By Key Country, 2020–2023 (Usd Thousand)

Table 22 Export Data For Lithium Cells And Batteries (Hs Code: 850650),

By Key Country, 2020–2023 (Usd Thousand)

Table 23 Black Mass Recycling Market, By Battery Type, 2019–2022 (Usd Million)

Table 24 Black Mass Recycling Market, By Battery Type, 2023–2032 (Usd Million)

Table 25 Comparison Of Processes Involved In Recycling Batteries

Table 26 Black Mass Recycling Market, By Battery Source,

2019–2022 (Usd Million)

Table 27 Black Mass Recycling Market, By Battery Source,

2023–2032 (Usd Million)

Table 28 Automotive Batteries: Black Mass Recycling Market, By Region,

2019-2022 (Units)

Table 29 Automotive Batteries: Black Mass Recycling Market, By Region,

2023-2032 (Units)

Table 30 Black Mass Recycling Market, By Region, 2019–2022 (Usd Million)

Table 31 Black Mass Recycling Market, By Region, 2023–2032 (Usd Million)

Table 32 North America: Black Mass Recycling Market, By Battery Source, 2019–2022 (Usd Million)

Table 33 North America: Black Mass Recycling Market, By Battery Source, 2023–2032 (Usd Million)

Table 34 North America: Black Mass Recycling Market, By Country,

2019–2022 (Usd Million)

Table 35 North America: Black Mass Recycling Market, By Country,

2023–2032 (Usd Million)

Table 36 Us: Black Mass Recycling Market, By Battery Source,

2019–2022 (Usd Million)

Table 37 Us: Black Mass Recycling Market, By Battery Source,

2023–2032 (Usd Million)

Table 38 Canada: Black Mass Recycling Market, By Battery Source,

2019–2022 (Usd Million)

Table 39 Canada: Black Mass Recycling Market, By Battery Source,

2023–2032 (Usd Million)

Table 40 Mexico: Black Mass Recycling Market, By Battery Source,

2019–2022 (Usd Million)

Table 41 Mexico: Black Mass Recycling Market, By Battery Source,

2023–2032 (Usd Million)

Table 42 Asia Pacific: Black Mass Recycling Market, By Battery Source,

2019–2022 (Usd Million)

Table 43 Asia Pacific: Black Mass Recycling Market, By Battery Source,

2023–2032 (Usd Million)

Table 44 Asia Pacific: Black Mass Recycling Market, By Country,

2019–2022 (Usd Million)

Table 45 Asia Pacific: Black Mass Recycling Market, By Country,

2023–2032 (Usd Million)

Table 46 China: Black Mass Recycling Market, By Battery Source,

2019–2022 (Usd Million)

Table 47 China: Black Mass Recycling Market, By Battery Source,

2023–2032 (Usd Million)

Table 48 Japan: Black Mass Recycling Market, By Battery Source,

2019–2022 (Usd Million)

Table 49 Japan: Black Mass Recycling Market, By Battery Source,

2023–2032 (Usd Million)

Table 50 South Korea: Black Mass Recycling Market, By Battery Source,

2019–2022 (Usd Million)

Table 51 South Korea: Black Mass Recycling Market, By Battery Source,

2023–2032 (Usd Million)

Table 52 India: Black Mass Recycling Market, By Battery Source,

2019–2022 (Usd Million)

Table 53 India: Black Mass Recycling Market, By Battery Source,

2023–2032 (Usd Million)

Table 54 Australia: Black Mass Recycling Market, By Battery Source,

2019–2022 (Usd Million)

Table 55 Australia: Black Mass Recycling Market, By Battery Source,

2023–2032 (Usd Million)

Table 56 Thailand: Black Mass Recycling Market, By Battery Source,

2019–2022 (Usd Million)

Table 57 Thailand: Black Mass Recycling Market, By Battery Source,

2023–2032 (Usd Million)

Table 58 New Zealand: Black Mass Recycling Market, By Battery Source,

2019–2022 (Usd Million)

Table 59 New Zealand: Black Mass Recycling Market, By Battery Source,

2023–2032 (Usd Million)

Table 60 Singapore: Black Mass Recycling Market, By Battery Source,

2019–2022 (Usd Million)

Table 61 Singapore: Black Mass Recycling Market, By Battery Source,

2023–2032 (Usd Million)

Table 62 Rest Of Asia Pacific: Black Mass Recycling Market, By Battery Source, 2019–2022 (Usd Million)

Table 63 Rest Of Asia Pacific: Black Mass Recycling Market, By Battery Source, 2023–2032 (Usd Million)

Table 64 Europe: Black Mass Recycling Market, By Battery Source,

2019–2022 (Usd Million)

Table 65 Europe: Black Mass Recycling Market, By Battery Source,

2023–2032 (Usd Million)

Table 66 Europe: Black Mass Recycling Market, By Country,

2019–2022 (Usd Million)

Table 67 Europe: Black Mass Recycling Market, By Country,

2023–2032 (Usd Million)

Table 68 France: Black Mass Recycling Market, By Battery Source,

2019–2022 (Usd Million)

Table 69 France: Black Mass Recycling Market, By Battery Source,

2023–2032 (Usd Million)

Table 70 Germany: Black Mass Recycling Market, By Battery Source,

2019–2022 (Usd Million)

Table 71 Germany: Black Mass Recycling Market, By Battery Source,

2023–2032 (Usd Million)

Table 72 Netherlands: Black Mass Recycling Market, By Battery Source,

2019–2022 (Usd Million)

Table 73 Netherlands: Black Mass Recycling Market, By Battery Source,

2023–2032 (Usd Million)

Table 74 Uk: Black Mass Recycling Market, By Battery Source,

2019–2022 (Usd Million)

Table 75 Uk: Black Mass Recycling Market, By Battery Source,

2023–2032 (Usd Million)

Table 76 Norway: Black Mass Recycling Market, By Battery Source,

2019–2022 (Usd Million)

Table 77 Norway: Black Mass Recycling Market, By Battery Source,

2023–2032 (Usd Million)

Table 78 Sweden: Black Mass Recycling Market, By Battery Source,

2019–2022 (Usd Million)

Table 79 Sweden: Black Mass Recycling Market, By Battery Source,

2023–2032 (Usd Million)

Table 80 Italy: Black Mass Recycling Market, By Battery Source,

2019–2022 (Usd Million)

Table 81 Italy: Black Mass Recycling Market, By Battery Source,

2023–2032 (Usd Million)

Table 82 Spain: Black Mass Recycling Market, By Battery Source,

2019–2022 (Usd Million)

Table 83 Spain: Black Mass Recycling Market, By Battery Source,

2023–2032 (Usd Million)

Table 84 Rest Of Europe: Black Mass Recycling Market, By Battery Source, 2019–2022 (Usd Million)

Table 85 Rest Of Europe: Black Mass Recycling Market, By Battery Source, 2023–2032 (Usd Million)

Table 86 Overview Of Strategies Adopted By Key Players, 2020–2024

Table 87 Black Mass Recycling Market: Degree Of Competition

Table 88 Company Region Footprint

Table 89 Company Battery Source Footprint

Table 90 Company Recycling Process Footprint

Table 91 Company Recovered Metal Footprint

Table 92 Detailed List Of Key Startup/Smes

Table 93 Black Mass Recycling Market: Competitive Benchmarking Of

Key Startups/Smes

Table 94 Black Mass Recycling Market: Deals, January 2020–july 2024

Table 95 Black Mass Recycling Market: Expansion, January 2020–july 2024

Table 96 Basf: Company Overview

Table 97 Basf: Products/Solutions/Services Offered

Table 98 Basf Se: Deals

Table 99 Basf Se: Expansion

Table 100 Contemporary Amperex Technology Co., Limited: Company Overview

Table 101 Contemporary Amperex Technology Co., Limited: Products/Solutions/Services Offered

Table 102 Contemporary Amperex Technology Co., Limited: Deals

Table 103 Cirba Solutions: Company Overview

Table 104 Cirba Solutions: Products/Solutions/Services Offered

Table 105 Cirba Solutions: Deals

Table 106 Glencore: Company Overview

Table 107 Glencore: Products/Solutions/Services Offered

Table 108 Glencore: Deals

Table 109 Recyclico Battery Materials Inc.: Company Overview

Table 110 Recyclico Battery Materials Inc.:

Products/Solutions/Services Offered

Table 111 Recyclico Battery Materials Inc.: Deals

Table 112 Umicore: Company Overview

Table 113 Umicore: Products/Solutions/Services Offered

Table 114 Umicore: Deals

Table 115 Redwood Materials, Inc: Company Overview

Table 116 Redwood Materials Inc: Products/Solutions/Services Offered

Table 117 Redwood Materials Inc.: Deals

Table 118 Redwood Materials Inc.: Others

Table 119 Tenova S.P.A.: Company Overview

Table 120 Tenova S.P.A.: Products/Solutions/Services Offered

Table 121 Li-cycle Corp.: Company Overview

Table 122 Li-cycle Corp.: Products/Solutions/Services Offered

Table 123 Li-cycle Corp.: Deals

Table 124 Li-cycle Corp.: Expansion

Table 125 Metso: Company Overview

Table 126 Metso: Products/Solutions/Services Offered

Table 127 Lithion Technologies: Company Overview

Table 128 Lithion Technologies: Products/Solutions/Services Offered

Table 129 Lithion Technologies: Deals

Table 130 Lithion Technologies: Expansion

Table 131 Akkuser Oy: Company Overview

Table 132 Akkuser Oy: Products/Solutions/Services Offered

Table 133 Duesenfeld Gmbh: Company Overview

Table 134 Duesenfeld Gmbh: Products/Solutions/Services Offered

Table 135 Aqua Metals, Inc.: Company Overview

Table 136 Aqua Metals, Inc.: Products/Solutions/Services Offered

Table 137 Aqua Metals, Inc.: Deals

Table 138 Aqua Metals, Inc.: Expansion

Table 139 Sungeel Hi-tech. Co., Ltd.: Company Overview

Table 140 Sungeel Hi-tech. Co., Ltd.: Products/Solutions/Services Offered

Table 141 Fortum: Company Overview

Table 142 Fortum: Products/Solutions/Services Offered

Table 143 Redux Recycling Gmbh: Company Overview

Table 144 Redux Recycling Gmbh: Products/Solutions/Services Offered

Table 145 Tata Chemicals Ltd.: Company Overview

Table 146 Tata Chemicals Ltd.: Products/Solutions/Services Offered

Table 147 Attero Recycling Pvt. Ltd.: Company Overview

Table 148 Attero Recycling Pvt. Ltd.: Products/Solutions/Services Offered

Table 149 Exigo Recycling Private Limited: Company Overview

Table 150 Exigo Recycling Private Limited: Products/Solutions/Services Offered

Table 151 Electra Battery Materials: Company Overview

Table 152 Electra Battery Materials: Products/Solutions/Services Offered

Table 153 Rubamin: Company Overview

Table 154 Rubamin: Products/Solutions/Services Offered

Table 155 Hydrovolt: Company Overview

Table 156 Hydrovolt: Products/Solutions/Services Offered

Table 157 Ecograf: Company Overview

Table 158 Ecograf: Products/Solutions/Services Offered

Table 159 Lohum: Company Overview

Table 160 Ace Green Recycling, Inc.: Company Overview

Table 161 Lico: Company Overview

Table 162 American Battery Technology Company: Company Overview

Table 163 Targray: Company Overview

Table 164 Battery Recycling Market, By Chemistry, 2018–2020 (Usd Million)

Table 165 Battery Recycling Market, By Chemistry, 2021–2030 (Usd Million)

Figures List

Figure 1 Black Mass Recycling Market: Research Design

Figure 2 Main Matrix Considered While Constructing And Assessing Demand

For Black Mass Recycling Market

Figure 3 Market Size Estimation Methodology: Bottom-up Approach

Figure 4 Market Size Estimation Methodology: Top-down Approach

Figure 5 Methodology Used For Supply-side Sizing Of

Black Mass Recycling Market (1/2)

Figure 6 Methodology Used For Supply-side Sizing Of

Black Mass Recycling Market (2/2)

Figure 7 Black Mass Recycling Market: Data Triangulation

Figure 8 Automotive Batteries Segment To Account For Largest Share

During Forecast Period

Figure 9 Lithium-ion Batteries Segment To Account For Largest Share

During Forecast Period

Figure 10 North America To Witness Highest Growth During Forecast Period

Figure 11 High Output Of Spent Batteries From Electric Vehicles To Drive Market Growth

Figure 12 North America To Achieve Highest Cagr During Forecast Period

Figure 13 Black Mass Recycling Market: Drivers, Restraints, Opportunities,

And Challenges

Figure 14 Price Of Lithium-ion Battery Pack, 2013–2023 (Usd/Kwh)

Figure 15 Global Bev & Phev Sales, 2018–2023

Figure 16 Value Chain Analysis

Figure 17 Ecosystem Analysis

Figure 18 Porter’s Five Forces Analysis

Figure 19 Average Selling Price Trend Of Lithium Carbonate, By Region,

2020–2023 (Usd Thousand/Ton)

Figure 20 Average Selling Price Trend Of Cobalt, By Region,

2020–2023 (Usd Thousand/Ton)

Figure 21 Average Selling Price Trend Of Nickel, By Region,

2020–2023 (Usd Thousand/Ton)

Figure 22 Indicative Pricing For Recovered Metals, By Key Player,

2022–2023 (Usd Thousand/Ton)

Figure 23 Influence Of Stakeholders On Buying Process For

Major Battery Sources

Figure 24 Key Buying Criteria For Top Three Battery Sources

Figure 25 Major Patents Related To Black Mass Recycling

Figure 26 Import Data For Lithium Cells And Batteries (Hs Code: 850650),

By Key Country, 2020–2023 (Usd Thousand)

Figure 27 Export Data For Lithium Cells And Batteries (Hs Code: 850650),

By Key Country, 2020–2023 (Usd Thousand)

Figure 28 Trends/Disruptions Impacting Customer Business

Figure 29 Investment & Funding Scenario

Figure 30 Lithium-ion Batteries Segment To Account For

Largest Share During Forecast Period

Figure 31 Lithium-ion Batteries: Recycling Processes

Figure 32 Automotive Batteries Segment To Account For Largest Share

During Forecast Period

Figure 33 Asia Pacific To Account For Largest Share During Forecast Period

Figure 34 North America: Black Mass Recycling Market Snapshot

Figure 35 Asia Pacific: Black Mass Recycling Market Snapshot

Figure 36 Europe: Black Mass Recycling Market Snapshot

Figure 37 Revenue Analysis Of Top Three Players, 2019–2023 (Usd Billion)

Figure 38 Market Share Analysis, 2023

Figure 39 Brand/Product Comparison

Figure 40 Black Mass Recycling Market: Company Evaluation Matrix

(Key Players), 2023

Figure 41 Company Footprint

Figure 42 Black Mass Recycling Market: Company Evaluation Matrix, (Startups/Smes), 2023

Figure 43 Ev/Ebitda

Figure 44 Company Valuation

Figure 45 Year-to-date (Ytd) Price Total Return And Five-year Stock Beta Of

Key Manufacturers

Figure 46 Basf: Company Snapshot

Figure 47 Contemporary Amperex Technology Co., Limited: Company Snapshot

Figure 48 Glencore: Company Snapshot

Figure 49 Umicore: Company Snapshot

Figure 50 Li-cycle Corp.: Company Snapshot

Figure 51 Metso: Company Snapshot

Figure 52 Fortum: Company Snapshot

Figure 53 Ecograf: Company Snapshot