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Black Mass Recycling Market Report: Trends, Forecast and Competitive Analysis to 2030

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    Report

  • 150 Pages
  • January 2024
  • Region: Global
  • Lucintel
  • ID: 5952512
The global black mass recycling market is expected to reach an estimated $28.1 billion by 2030 with a CAGR of 20.4% from 2024 to 2030.

The future of the global black mass recycling market looks promising with opportunities in the automotive, consumer electronic, energy, aerospace and defense, and construction applications. The major drivers for this market are growing demand for lithium-ion batteries in electric vehicles, increasing concern towards battery waste disposal, and government initiatives towards recycling.

Black Mass Recycling by Segment

This study includes a forecast for the global black mass recycling by battery source, technology, recovered metal, application, and region.

Black Mass Recycling Market by Battery Source [Shipment Analysis by Value from 2018 to 2030]:

  • Automotive Batteries
  • Industrial Batteries
  • Portable Batteries

Black Mass Recycling Market by Technology [Shipment Analysis by Value from 2018 to 2030]:

  • Hydrometallurgy
  • Pyrometallurgy
  • Others

Black Mass Recycling Market by Recovered Metal [Shipment Analysis by Value from 2018 to 2030]:

  • Nickel
  • Cobalt
  • Lithium
  • Copper
  • Manganese
  • Others

Black Mass Recycling Market by Application [Shipment Analysis by Value from 2018 to 2030]:

  • Automotive
  • Consumer Electronics
  • Energy
  • Aerospace and Defense
  • Construction
  • Others

Black Mass Recycling Market by Region [Shipment Analysis by Value from 2018 to 2030]:

  • North America
  • Europe
  • Asia Pacific
  • The Rest of the World

List of Black Mass Recycling Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies black mass recycling companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the black mass recycling companies profiled in this report include:
  • BASF
  • Umicore
  • Tenova
  • Li-Cycle Holdings
  • Lithion Recycling
  • AKKUSER
  • Duesenfeld
  • Aqua Metals
  • SungEel Hi-Tech
  • Fortum

Black Mass Recycling Market Insights

Automotive battery is expected to witness the highest growth over the forecast period.

Within this market, automotive is expected to witness the highest growth over the forecast period.

APAC is expected to witness highest growth over the forecast period.

Features of the Global Black Mass Recycling Market

  • Market Size Estimates: Black mass recycling market size estimation in terms of value ($B).
  • Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
  • Segmentation Analysis: Black mass recycling market size by various segments, such as by battery source, technology, recovered metal, application, and region in terms of value ($B).
  • Regional Analysis: Black mass recycling market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
  • Growth Opportunities: Analysis of growth opportunities in different battery sources, technologies, recovered metals, applications, and regions for the black mass recycling market.
  • Strategic Analysis: This includes M&A, new product development, and competitive landscape of the black mass recycling market.
  • Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q1. What is the black mass recycling market size?
Answer: The global black mass recycling market is expected to reach an estimated $28.1 billion by 2030.

Q2. What is the growth forecast for black mass recycling market?
Answer: The global black mass recycling market is expected to grow with a CAGR of 20.4% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the black mass recycling market?
Answer: The major drivers for this market are growing demand for lithium-ion batteries in electric vehicles, increasing concern towards battery waste disposal, and government initiatives towards recycling.

Q4. What are the major segments for black mass recycling market?
Answer: The future of the black mass recycling market looks promising with opportunities in the automotive, consumer electronic, energy, aerospace and defense, and construction applications.

Q5. Who are the key black mass recycling market companies?
Answer: Some of the key black mass recycling companies are as follows:
  • BASF
  • Umicore
  • Tenova
  • Li-Cycle Holdings
  • Lithion Recycling
  • AKKUSER
  • Duesenfeld
  • Aqua Metals
  • SungEel Hi-Tech
  • Fortum
Q6. Which black mass recycling market segment will be the largest in future?
Answer: The publisher forecasts that automotive battery is expected to witness the highest growth over the forecast period.

Q7. In black mass recycling market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period.

Q.8 Do we receive customization in this report?
Answer: Yes, the publisher provides 10% customization without any additional cost.

This report answers following 11 key questions:

Q.1. What are some of the most promising, high-growth opportunities for the black mass recycling market by battery source (automotive batteries, industrial batteries, and portable batteries), technology (hydrometallurgy, pyrometallurgy, and others), recovered metal (nickel, cobalt, lithium, copper, manganese, and others), application (automotive, consumer electronics, energy, aerospace and defense, construction, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?


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Table of Contents

1. Executive Summary
2. Global Black Mass Recycling Market: Market Dynamics
2.1 Introduction, Background, and Classifications
2.2 Supply Chain
2.3 Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Black Mass Recycling Market Trends (2018-2023) and Forecast (2024-2030)
3.3 Global Black Mass Recycling Market by Battery Source
3.3.1 Automotive Batteries
3.3.2 Industrial Batteries
3.3.3 Portable Batteries
3.4 Global Black Mass Recycling Market by Technology
3.4.1 Hydrometallurgy
3.4.2 Pyrometallurgy
3.4.3 Others
3.5 Global Black Mass Recycling Market by Recovered Metal
3.5.1 Nickel
3.5.2 Cobalt
3.5.3 Lithium
3.5.4 Copper
3.5.5 Manganese
3.5.6 Others
3.6 Global Black Mass Recycling Market by Application
3.6.1 Automotive
3.6.2 Consumer Electronics
3.6.3 Energy
3.6.4 Aerospace and Defense
3.6.5 Construction
3.6.6 Others
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1 Global Black Mass Recycling Market by Region
4.2 North American Black Mass Recycling Market
4.2.1 North American Black Mass Recycling Market by Battery Source: Automotive Batteries, Industrial Batteries, and Portable Batteries
4.2.2 North American Black Mass Recycling Market by Application: Automotive, Consumer Electronics, Energy, Aerospace and Defense, Construction, and Others
4.3 European Black Mass Recycling Market
4.3.1 European Black Mass Recycling Market by Battery Source: Automotive Batteries, Industrial Batteries, and Portable Batteries
4.3.2 European Black Mass Recycling Market by Application: Automotive, Consumer Electronics, Energy, Aerospace and Defense, Construction, and Others
4.4 APAC Black Mass Recycling Market
4.4.1 APAC Black Mass Recycling Market by Battery Source: Automotive Batteries, Industrial Batteries, and Portable Batteries
4.4.2 APAC Black Mass Recycling Market by Application: Automotive, Consumer Electronics, Energy, Aerospace and Defense, Construction, and Others
4.5 RoW Black Mass Recycling Market
4.5.1 RoW Black Mass Recycling Market by Battery Source: Automotive Batteries, Industrial Batteries, and Portable Batteries
4.5.2 RoW Black Mass Recycling Market by Application: Automotive, Consumer Electronics, Energy, Aerospace and Defense, Construction, and Others
5. Competitor Analysis
5.1 Product Portfolio Analysis
5.2 Operational Integration
5.3 Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1 Growth Opportunity Analysis
6.1.1 Growth Opportunities for the Global Black Mass Recycling Market by Battery Source
6.1.2 Growth Opportunities for the Global Black Mass Recycling Market by Technology
6.1.3 Growth Opportunities for the Global Black Mass Recycling Market by Recovered Metal
6.1.4 Growth Opportunities for the Global Black Mass Recycling Market by Application
6.1.5 Growth Opportunities for the Global Black Mass Recycling Market by Region
6.2 Emerging Trends in the Global Black Mass Recycling Market
6.3 Strategic Analysis
6.3.1 New Product Development
6.3.2 Capacity Expansion of the Global Black Mass Recycling Market
6.3.3 Mergers, Acquisitions, and Joint Ventures in the Global Black Mass Recycling Market
6.3.4 Certification and Licensing
7. Company Profiles of Leading Players
7.1 BASF
7.2 Umicore
7.3 Tenova
7.4 Li-Cycle Holdings
7.5 Lithion Recycling
7.6 AKKUSER
7.7 Duesenfeld
7.8 Aqua Metals
7.9 SungEel Hi-Tech
7.10 Fortum

Companies Mentioned

  • BASF
  • Umicore
  • Tenova
  • Li-Cycle Holdings
  • Lithion Recycling
  • AKKUSER
  • Duesenfeld
  • Aqua Metals
  • SungEel Hi-Tech
  • Fortum

Methodology

The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:

  • In-depth interviews of the major players in the market
  • Detailed secondary research from competitors’ financial statements and published data
  • Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
  • A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.

Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.

Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.

 

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