Black Mass Recycling Market Size- By Battery Source, By Technology, By Recovered Metal, By Application, By Battery Type- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
Black Mass Recycling Market Introduction and Overview
According to SPER market research, ‘Black Mass Recycling Market Size- By Battery Source, By Technology, By Recovered Metal, By Application, By Battery Type- Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the Global Black Mass Recycling Market is predicted to reach USD 15.09 billion by 2033 with a CAGR of 19.39%.
Black mass is an active powder composed of anode and cathode materials together. It is made up of several metals, such as copper, manganese, cadmium, lithium, and cobalt, and contains recoverable metal oxides. Secondary raw materials that are retrieved from garbage can occasionally be recycled back into the manufacturing process or used to build new goods. Recycling batteries makes this possible.
The COVID-19 pandemic affected the black mass recycling market globally by reducing demand for black mass powder and its processing, which in turn limited the industry’s expansion. It is now more difficult to recycle obsolete lithium-ion batteries due to the suspension of recycling operations brought on by the closure of various production locations worldwide. The dark mass recycling market will, however, benefit from government capital expenditures in the building sector and the normalisation of business procedures following Covid-19.
Scope of the Report:Report Metric Details
Market size available for years 2019-2033
Base year considered 2022
Forecast period 2023-2033
Segments covered By Battery Source, By Technology, By Recovered Metal, By Application, By Battery Type
Regions covered North America, Asia-Pacific, Latin America, Middle East & Africa and Europe
Companies CoveredAKKUSER, Aqua Metals Inc., ATTERO, BASF SE, Duesenfeld, ECOGRAF, ELECTRA, Exigo Recycling Pvt. Ltd., Fortum, Green Li-ion Pte Ltd. and others.
Black Mass Recycling Market Key Segments Covered
By Battery Source:Based on the Battery Source, Global Black Mass Recycling Market is segmented as; Automotive Batteries, Industrial Batteries, Portable Batteries
By Technology:Based on the Technology, Global Black Mass Recycling Market is segmented as; Hydrometallurgy, Pyrometallurgy
By Recovered Metal:Based on the Recovered Metal, Global Black Mass Recycling Market is segmented as; Cobalt, Copper, Lithium, Manganese, Nickel
By Battery Type:Based on the Battery Type, Global Black Mass Recycling Market is segmented as; Nickel-Cobalt Manganese Battery, Nickel-metal Hydride Battery