Black Mass Recycling Market Share, Trends, Revenue, Growth Drivers, CAGR Status, Challenges and Future Investment Strategies Till 2033

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Black Mass Recycling Market Share, Trends, Revenue, Growth Drivers, CAGR Status, Challenges and Future Investment Strategies Till 2033: SPER Market Research


 Category : Chemical & Materials

 Published: Jan-2024
 Author: SPER Analyst


Black Mass Recycling Market is projected to be worth USD 15.09 billion by 2033 and is anticipated to surge at a CAGR of 19.39%.

An active powder made of a combination of anode and cathode materials is called black mass. It comprises recoverable metal oxides and is composed of numerous metals, including copper, manganese, cadmium, lithium, and cobalt. Recycling batteries makes it possible to utilise secondary raw elements that are extracted from waste, which can occasionally be recycled back into the manufacturing process or utilised to create new products. Battery Black Mass Recycling Process recovers nickel, cobalt, and lithium from batteries, with optional thermal treatment also recovering manganese and copper. Batteries are separated mechanically. As a means of lowering the carbon footprint of the battery supply chain and as a supplement to the supply of virgin materials, battery black mass recycling is becoming more and more significant.

Global Black Mass Recycling Market Driving Factors and Challenges
The need for batteries has significantly increased due to devices like computers, cell phones, digital cameras, and electric cars. Applications for lithium-ion (Li-ion) batteries include wireless headphones, electrical energy storage systems, toys, handheld power tools, small and large appliances, and more. The batteries are made of rare materials including lithium, cobalt, and graphite. A large portion of the cost of an EV is related to battery expenses. In order to make EVs more accessible, manufacturers are concentrating on lowering battery costs in light of the growing demand for EVs. The cost of batteries can be decreased by recycling and reusing the materials from old batteries to make new ones. Battery makers have therefore turned their attention from disposing of batteries to recycling batteries.

Recycling companies may struggle to comply with the numerous and ever-changing regulations on the handling of hazardous materials, the management of e-waste, and environmental standards. It can be costly and time-consuming administratively to ensure compliance. For the duration of the projection, this will pose a significant obstacle to market expansion. The human body is harmed by the poisonous and cancer-causing substances found in black mass. Additionally, black mass contains combustible and explosive binders, which could prevent the market from expanding. 


Impact of COVID-19 on Global Black Mass Recycling Market
The global market for black mass recycling was impacted by the COVID-19 epidemic, which decreased demand for black mass powder and its processing, thereby restricting the industry's growth. The suspension of recycling operations as a result of the closure of several manufacturing locations across the globe has increased the difficulty of recycling outdated lithium-ion batteries. Nevertheless, government capital expenditures in the building industry and the normalisation of business processes subsequent to Covid-19 will be advantageous to the dark mass recycling market.

Global Black Mass Recycling Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as AKKUSER, Aqua Metals Inc., ATTERO, BASF SE, Duesenfeld, ECOGRAF, ELECTRA, Exigo Recycling Pvt. Ltd., Fortum, Green Li-ion Pte Ltd. and others.
 

Global Black Mass Recycling Market Segmentation:

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 Application: Based on the Application, Global Black Mass Recycling Market is segmented as; Aerospace and Defence, Automotive, Construction, Consumer Electronics, Energy

By Battery Type: Based on the Battery Type, Global Black Mass Recycling Market is segmented as; Nickel-Cobalt Manganese Battery, Nickel-metal Hydride Battery

By Region: This research also includes data for North America, Asia-Pacific, Latin America, Middle East & Africa and Europe. 

This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.

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