Black Mass Recycling Market Growth, Size, Trends, Revenue, Demand, Share and Future Outlook
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
| Published: Jan-2024 | Report ID: CHEM2407 | Pages: 1 - 227 | Formats*: |
| Category : Chemical & Materials | |||
Black Mass Recycling Market Introduction and Overview
According to SPER Market Research, the Global Black Mass Recycling Market is estimated to reach USD 15.09 billion by 2033 with a CAGR of 19.39%.
The report includes an in-depth analysis of the Global Black Mass Recycling Market, including market size and trends, product mix, applications, and supplier analysis. The process of recycling spent batteries and battery manufacturing waste involves gathering, disassembling, and crushing the material to form black mass, which can be used to extract precious components including manganese, nickel, cobalt, and lithium. Black mass recycling has become more important as a supplement to the supply of virgin materials and as a way to reduce the carbon footprint of the battery supply chain.
- February 2023; Umicore is bringing manganese-rich battery material technologies for electric vehicles to the mass market. The noteworthy accomplishment broadens Umicore's portfolio of NMC battery materials for high productivity and long-range electric vehicles.
- September 2022; General Motors Co. and Lithion Recycling strategically invested in Lithion Recycling's Series A fundraising round to use Lithion Recycling's state-of-the-art battery recycling technology to create a circular battery ecosystem.
Market Opportunities and Challenges
Over the course of the forecast period, the growing popularity of electric vehicles is anticipated to propel the expansion of the global black mass recycling market. The rising use of electric vehicles is one of the main drivers of market expansion. Because EV batteries include a lot of precious components, recycling them is essential to the sustainability of the EV industry.
Black mass recycling uses sophisticated chemical processes to separate useful components from batteries; designing and implementing effective and cost-effective recycling methods can be challenging, and significant investment in R&D may be required. As a result, the environmental and technological challenge is a major restraint on the growth during the forecast period. Some recycling processes, especially pyrometallurgical ones, have negative effects on the environment.
Market Competitive Landscape
In the Black Mass Recycling sector, a number of significant rivals are fighting for a sizable share of the market. Because there is an increasing need for environmentally friendly battery alternatives, the Black Mass Recycling Market has received more attention. The major players in the Global Black Mass Recycling Market include: AKKUSER, Aqua Metals Inc., ATTERO, BASF SE, Duesenfeld, ECOGRAF, ELECTRA, Exigo Recycling Pvt. Ltd., Fortum, Green Li-ion Pte Ltd. and others.
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 Covered | AKKUSER, Aqua Metals Inc., ATTERO, BASF SE, Duesenfeld, ECOGRAF, ELECTRA, Exigo Recycling Pvt. Ltd., Fortum, Green Li-ion Pte Ltd. and others. |
COVID-19 Impact on Global Black Mass Recycling Market
The COVID-19 pandemic had an effect on the global black mass recycling market, limiting the expansion of the industry by reducing the demand for black mass powder and its processing. The closure of numerous manufacturing sites worldwide has resulted in the suspension of recycling facilities, making the recycling of obsolete lithium-ion batteries increasingly challenging. All the same, the black mass recycling market will benefit from government capital expenditure in the building sector and normalisation of business practices following COVID-19.
Key Target Audience:
- Electronic Device Manufacturers
- Battery Producers
- Environmental Organisations
- Electric Vehicle Manufacturers
- Renewable Energy Companies
- Investors
Our in-depth analysis of the Black Mass Recycling Market includes the following segments:
| By Battery Source: |
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| By Technology: |
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| By Recovered Metal: |
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| By Application: |
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| By Battery Type: |
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Key Topics Covered in the Report:
- Global Black Mass Recycling Market Size (FY’2023-FY’2033)
- Overview of Global Black Mass Recycling Market
- Segmentation of Global Black Mass Recycling Market By Battery Source (Automotive Batteries, Industrial Batteries, Portable Batteries)
- Segmentation of Global Black Mass Recycling Market By Technology (Hydrometallurgy, Pyrometallurgy)
- Segmentation of Global Black Mass Recycling Market By Recovered Metal (Cobalt, Copper, Lithium, Manganese, Nickel)
- Segmentation of Global Black Mass Recycling Market By Application (Aerospace and Defence, Automotive, Construction, Consumer Electronics, Energy)
- Segmentation of Global Black Mass Recycling Market By Battery Type (Nickel-Cobalt Manganese Battery, Nickel-metal Hydride Battery)
- Statistical Snap of Global Black Mass Recycling Market
- Expansion Analysis of Global Black Mass Recycling Market
- Problems and Obstacles in Global Black Mass Recycling Market
- Competitive Landscape in the Global Black Mass Recycling Market
- Impact of COVID-19 and Demonetization on Global Black Mass Recycling Market
- Details on Current Investment in Global Black Mass Recycling Market
- Competitive Analysis of Global Black Mass Recycling Market
- Prominent Players in the Global Black Mass Recycling Market
- SWOT Analysis of Global Black Mass Recycling Market
- Global Black Mass Recycling Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the Global Black Mass Recycling Market
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Black Mass Recycling Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Black Mass Recycling Market
7. Global Black Mass Recycling Market, By Battery Source (USD Million)
7.1. Global Black Mass Recycling Market Value Share and Forecast, By Battery Source, 2023-20337.2. Automotive Batteries7.3. Industrial Batteries
7.4. Portable Batteries
8. Global Black Mass Recycling Market, By Technology (USD Million)
8.1. Global Black Mass Recycling Market Value Share and Forecast, By Technology, 2023-20338.2. Hydrometallurgy8.3. Pyrometallurgy
9. Global Black Mass Recycling Market, By Recovered Metal (USD Million)
9.1. Global Black Mass Recycling Market Value Share and Forecast, By Recovered Metal, 2023-20339.2. Cobalt9.3. Copper9.4. Lithium9.5. Manganese9.6. Nickel
10. Global Black Mass Recycling Market, By Application (USD Million)
10.1. Global Black Mass Recycling Market Value Share and Forecast, By Application, 2023-203310.2. Aerospace and Defence10.3. Automotive10.4. Construction10.5. Consumer Electronics10.6. Energy
11. Global Black Mass Recycling Market, By Battery Type (USD Millions)
11.1. Global Black Mass Recycling Market Value Share and Forecast, By Battery Type, 2023-203311.2. Li-on Battery11.3. Nickel-Cobalt Manganese Battery11.4. Nickel-metal Hydride Battery
12. Global Black Mass Recycling Market Forecast, 2019-2033 (USD Million)
12.1. Global Black Mass Recycling Market Size and Market Share
13. Global Black Mass Recycling Market, By Battery Source 2019-2033 (USD Million)
13.1. Global Black Mass Recycling Market Size and Market Share By Battery source (2019-2026)13.2. Global Black Mass Recycling Market Size and Market Share By Battery Source (2027-2033)
14. Global Black Mass Recycling Market, By Technology, 2019-2033 (USD Million)
14.1. Global Black Mass Recycling Market Size and Market Share By Technology (2019-2026)14.2. Global Black Mass Recycling Market Size and Market Share By Technology (2027-2033)
15. Global Black Mass Recycling Market, By Recovered Metal, 2019-2033 (USD Million)
15.1. Global Black Mass Recycling Market Size and Market Share By Recovered Metal (2019-2026)15.2. Global Black Mass Recycling Market Size and Market Share By Recovered Metal (2027-2033)
16. Global Black Mass Recycling Market, By Application, 2019-2033 (USD Million)
16.1. Global Black Mass Recycling Market Size and Market Share By Application (2019-2026)16.2. Global Black Mass Recycling Market Size and Market Share By Application (2027-2033)
17. Global Black Mass Recycling Market, By Battery Type, 2019-2033 (USD Million)
17.1. Global Black Mass Recycling Market Size and Market Share By Battery Type (2019-2026)17.2. Global Black Mass Recycling Market Size and Market Share By Battery Type (2027-2033)
18. Global Black Mass Recycling Market, By Region, 2019-2033 (USD Million)
18.1. Global Black Mass Recycling Market Size and Market Share By Region (2019-2026)18.2. Global Black Mass Recycling Market Size and Market Share By Region (2027-2033)
18.3. Asia-Pacific18.3.1. Australia18.3.2. China18.3.3. India18.3.4. Japan18.3.5. South Korea18.3.6. Rest of Asia-Pacific18.4. Europe18.4.1. France18.4.2. Germany18.4.3. Italy18.4.4. Spain18.4.5. United Kingdom18.4.6. Rest of Europe18.5. Middle East and Africa18.5.1. Kingdom of Saudi Arabia18.5.2. United Arab Emirates18.5.3. Rest of Middle East & Africa18.6. North America18.6.1. Canada18.6.2. Mexico18.6.3. United States18.7. Latin America18.7.1. Argentina18.7.2. Brazil18.7.3. Rest of Latin America
19. Company Profile
19.1. AKKUSER19.1.1. Company details19.1.2. Financial outlook19.1.3. Product summary19.1.4. Recent developments19.2. Aqua Metals Inc.19.2.1. Company details19.2.2. Financial outlook19.2.3. Product summary19.2.4. Recent developments19.3. ATTERO19.3.1. Company details19.3.2. Financial outlook19.3.3. Product summary19.3.4. Recent developments19.4. BASF SE19.4.1. Company details19.4.2. Financial outlook19.4.3. Product summary19.4.4. Recent developments19.5. Duesenfeld19.5.1. Company details19.5.2. Financial outlook19.5.3. Product summary19.5.4. Recent developments19.6. ECOGRAF19.6.1. Company details19.6.2. Financial outlook19.6.3. Product summary19.6.4. Recent developments19.7. ELECTRA19.7.1. Company details19.7.2. Financial outlook19.7.3. Product summary19.7.4. Recent developments19.8. Exigo Recycling Pvt. Ltd.19.8.1. Company details19.8.2. Financial outlook19.8.3. Product summary19.8.4. Recent developments19.9. Fortum19.9.1. Company details19.9.2. Financial outlook19.9.3. Product summary19.9.4. Recent developments19.10. Green Li-ion Pte Ltd.19.10.1. Company details19.10.2. Financial outlook19.10.3. Product summary19.10.4. Recent developments19.11. Others
20. List of Abbreviations
21. Reference Links
22. Conclusion
23. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Black mass recycling uses sophisticated chemical processes to separate useful components from batteries; designing and implementing effective and cost-effective recycling methods can be challenging, and significant investment in R&D may be required.
Black Mass Recycling Market is projected to reach USD 15.09 billion by 2033, growing at a CAGR of 19.39% during the forecast period.
Black Mass Recycling Market size from 2022. The Market is expected to reach USD 15.09 billion by 2033, at a CAGR of 19.39% during the forecast period.
Black Mass Recycling Market CAGR of 19.39% during the forecast period.
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Black Mass Recycling Market size is 15.09 billion from 2023 to 2033.
Black Mass Recycling Market Segment is covered By Battery Source, By Technology, By Recovered Metal, By Application, By Battery Type.
The North America is anticipated to have the highest market share in the Black Mass Recycling Market.
"The key players in the market include Companies Covered AKKUSER, Aqua Metals Inc., ATTERO, BASF SE, Duesenfeld, ECOGRAF, ELECTRA, Exigo Recycling Pvt. Ltd., Fortum, Green Li-ion Pte Ltd. and others."
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