블랙 매스 재활용 시장 - 세계 및 지역별 분석 : 용도별, 제품별, 국가별 - 분석과 예측(2025-2034년)

Global Black Mass Recycling Market Overview

The global black mass recycling market is expected to grow at a CAGR of 23.51% during the forecast period from 2025 to 2034. The black mass recycling market is a fast-expanding industry that deals with the reprocessing and recovery of essential metals from discharged lithium-ion batteries including manufacturing scrap batteries and end-of-life batteries. The market for these batteries is anticipated to expand rapidly as electric vehicles gain popularity, which will also fuel the expansion of the black mass market for recycling. In addition, there are a few key players who dominate the black mass recycling market, including Umicore, BASF SE, Tenova S.p.A., and many more. Nonetheless, a large number of new competitors are anticipated to enter the market in the upcoming years, increasing competition and spurring additional growth and innovation.

Black Mass Recycling Market Lifecycle Stage

The global black mass recycling market is in a growing phase. New trends, such as rising investments in recycling technologies, increasing traction of second-life batteries, change in business models of companies due to climate action, increasing demand for lithium-ion batteries and raw materials across the value chain, and development of economic and environmental technologies, are further expected to provide opportunities for the market to grow in the coming years.

Industrial Impact

Black mass recycling market has a large industry influence since it provides numerous environmental and economic benefits. Furthermore, it has a significant effect on end-use sectors since it provides a plethora of benefits that can increase their efficiency, lower their costs, and give them a consistent source of important metals.

With an increased worldwide focus on circular economic principles and the advancements in recycling technologies for the recovery of high-performance metals, there is an increasing shift toward the demand and consumption of lithium-ion batteries in the end-use industries, thereby creating demand for black mass powder. Additionally, the shift is more prominent in the automotive and energy sectors in regions such as Asia-Pacific, North America, and Europe.

Black Mass Recycling Market Segmentation

Segmentation 1: by Battery Source

• Aerospace Batteries
• Industrial Batteries
• Portable Batteries

Based on the battery source, the automotive batteries segment was dominant, in the global black mass recycling market in 2024.

Segmentation 2: by Technology

• Hydrometallurgy
• Pyrometallurgy
• Others

Based on the recycling technology, the Hydrometallurgy segment was dominant, in the global black mass recycling market in 2024. It is one of the most significant recycling technologies, which meets the requirement of major industrial application areas.

Segmentation 3: by Recovered Metals

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

Based on the recovered metals segment, nickel was the dominant metal, in the global black mass recycling market in 2024.

Segmentation 4: by Application

• Automotive
• Consumer Electronics
• Energy
• Aerospace and Defense
• Industrial Applications
• Others

Based on the end-use application segment, the automotive segment is dominant, in the global black mass recycling market in 2024.

Segmentation 5: by Region

• North America - U.S., Canada, and Mexico
• Europe - Germany, France, U.K., Italy, Poland, and Rest-of-Europe
• Asia-Pacific - China, Japan, India, South Korea, Australia, and Rest-of-Asia Pacific.
• Rest-of-the-World - Middle East and Africa and South America

Based on region, China was the dominant region, accounting for a share of the global black mass recycling fibre market in 2024.

Recent Developments in the Black Mass Recycling Market

• In February 2023, Manganese-rich battery material technology for electric vehicles is being industrialized by Umicore. This significant achievement expands Umicore's wide spectrum of NMC (nickel, manganese, cobalt) battery materials for exceptional productivity, and long-range EVs and introduces a distinctly competitive technology to existing design-to-cost battery technologies for EVs.
• In September 2022, General Motors Co. and Lithion Recycling invested strategically in Lithion Recycling's Series A fundraising round in support of a new strategic collaboration agreement between the two companies to create a circular battery ecosystem employing Lithion Recycling's cutting-edge battery recycling technology.

Demand - Drivers and Limitations

Following are the demand drivers for the global black mass recycling market:

• Exponential increase in electric vehicles and consumer awareness
• Rising metal prices
• Government Initiatives with technological advancements

Following are the challenges for the global black mass recycling market:

• A broad array of battery chemistries
• Variations in the prices of battery raw materials (lithium & cobalt)

How can this report add value to an organization?

Product/Innovation Strategy: The product segment helps the reader understand the different sources from where the batteries are coming for recycling and reaching to their best potential globally. Moreover, the study provides the reader with a detailed understanding of the different battery chemistries and their assortments in different batteries employed in various end-use applications in industries such as aerospace, automotive, energy, sports, and others.

Growth/Marketing Strategy: Business expansions, partnerships, acquisitions, collaborations, and joint ventures are some key strategies adopted by key players operating in this space. For instance, in April 2022, in Europe, Umicore and Automotive Cells Company (ACC) formed a strategic cooperation for EV battery materials. With the first commercial volumes anticipated in early 2024, the long-term arrangement will begin with an annual offtake commitment of 13 GWh to a significant platform of a European automaker.

Competitive Strategy: Key players in the global black mass recycling market analysed and profiled in the study involve black mass recycling providers. Moreover, a detailed competitive benchmarking of the players operating in the global black mass recycling market has been done to help the reader understand how players stack against each other, presenting a clear market landscape. Additionally, comprehensive competitive strategies such as partnerships, agreements, and collaborations will aid the reader in understanding the untapped revenue pockets in the market.

Key Market Players and Competition Synopsis in Black Mass Recycling Market

The companies profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, and market penetration.

Some prominent names in black mass recycling market are:

• Umicore
• Hydrovolt AS
• BASF SE
• Tenova S.p.A.
• ELECTRA
• ROYALBEES
• RUBAMIN
• Aqua Metals, Inc.
• SungEel HiTech. Co., Ltd.
• ECOGRAF
• Fortum
• Redux GmbH
• Green Li-ion Pte Ltd.
• TATA Chemicals Ltd.
• Attero
• Exigo Recycling Pvt. Ltd.
• Li-Cycle Corp.
• Lithion Recycling
• AkkuSer
• Duesenfeld

Table of Contents

Executive Summary

Scope and Definition

Market/Product Definition

Key Questions Answered

Analysis and Forecast Note

1. Markets: Industry Outlook

• 1.1 Trends: Current and Future Impact Assessment
• 1.2 Supply Chain Overview
  • 1.2.1 Key Stakeholders
    • 1.2.1.1 Battery Manufacturers
    • 1.2.1.2 Recycling Companies
    • 1.2.1.3 Automotive Manufacturers
    • 1.2.1.4 Government Agencies
    • 1.2.1.5 Environmental Organizations
  • 1.2.2 Value Chain Analysis
  • 1.2.3 Pricing Analysis
• 1.3 R&D Review
  • 1.3.1 Patent Filing Trend by Country, by Company
• 1.4 Regulatory Landscape
• 1.5 Technology Analysis
  • 1.5.1 Advanced Separation Technologies
  • 1.5.2 Automation and Robotics in Recycling
  • 1.5.3 Digitalization and Data Analytics
• 1.6 Recycling Process Overview
  • 1.6.1 Recycling Facility Type
    • 1.6.1.1 Dedicated Battery Recycling Facilities
    • 1.6.1.2 Integrated Smelting and Refining Facilities
    • 1.6.1.3 Mobile Recycling Units
  • 1.6.2 Technological Capabilities
  • 1.6.3 End-of-Life Battery Collection Method
    • 1.6.3.1 Manufacturer Take-Back Programs
    • 1.6.3.2 Retail Collection Points
    • 1.6.3.3 Municipal Hazardous Waste Programs
    • 1.6.3.4 Third-Party Collection Services
  • 1.6.4 Effectiveness and Challenges
• 1.7 Industry Attractiveness: Porter's Five Forces Analysis
  • 1.7.1 Threat of New Entrants
  • 1.7.2 Threat of Substitutes
  • 1.7.3 Bargaining Power of Suppliers
  • 1.7.4 Bargaining Power of Buyers
  • 1.7.5 Intensity of Competitive Rivalry
• 1.8 Impact Analysis for Key Global Events
• 1.9 Market Dynamics Overview
  • 1.9.1 Market Drivers
    • 1.9.1.1 Increasing Demand for Electric Vehicles
    • 1.9.1.2 Stringent Environmental Regulations
    • 1.9.1.3 Rising Raw Material Prices
  • 1.9.2 Market Restraints
    • 1.9.2.1 Lack of Standardized Recycling Infrastructure
    • 1.9.2.2 Complexities in Battery Composition
  • 1.9.3 Market Opportunities
    • 1.9.3.1 Technological Advancements in Recycling Processes
    • 1.9.3.2 Government Incentives and Subsidies

2. Global Black Mass Recycling Market (by Application)

• 2.1 Application Segmentation
• 2.2 Application Summary
• 2.3 Global Black Mass Recycling Market, by Application
  • 2.3.1 Automotive Industry
  • 2.3.2 Consumer Electronics
  • 2.3.3 Energy Storage
  • 2.3.4 Aerospace and Defense
  • 2.3.5 Industrial Applications
  • 2.3.6 Others

3. Global Black Mass Recycling Market (by Products)

• 3.1 Product Segmentation
• 3.2 Product Summary
• 3.3 Global Black Mass Recycling Market, by Battery Source
  • 3.3.1 Automotive Batteries
  • 3.3.2 Industrial Batteries
  • 3.3.3 Consumer Electronics Batteries
  • 3.3.4 Others
• 3.4 Global Black Mass Recycling Market, by Recycling Process
  • 3.4.1 Hydrometallurgy
  • 3.4.2 Pyrometallurgy
  • 3.4.3 Direct Recycling Process
• 3.5 Global Black Mass Recycling Market, by Recovered Metals
  • 3.5.1 Lithium
  • 3.5.2 Cobalt
  • 3.5.3 Nickel
  • 3.5.4 Manganese
  • 3.5.5 Graphite
  • 3.5.6 Other Metals
• 3.6 Global Black Mass Recycling Market, by Battery Chemistry
  • 3.6.1 Lithium Iron Phosphate (LFP) Batteries
  • 3.6.2 Lithium Nickel Cobalt Aluminum Oxide (NCA) Batteries
  • 3.6.3 Lithium Nickel Manganese Cobalt Oxide (NMC) Batteries
  • 3.6.4 Lithium Cobalt Oxide (LCO) Batteries
  • 3.6.5 Others

4. Global Black Mass Recycling Market (by Region)

• 4.1 Regional Summary
• 4.2 Global Black Mass Recycling Market - by Region
• 4.3 North America
  • 4.3.1 Markets
    • 4.3.1.1 Key Market Participants in North America
    • 4.3.1.2 Business Drivers
    • 4.3.1.3 Business Challenges
  • 4.3.2 Application
  • 4.3.3 Product
  • 4.3.4 North America (By Country)
    • 4.3.4.1 U.S.
      • 4.3.4.1.1 Market by Application
      • 4.3.4.1.2 Market by Product
    • 4.3.4.2 Canada
      • 4.3.4.2.1 Market by Application
      • 4.3.4.2.2 Market by Product
    • 4.3.4.3 Mexico
      • 4.3.4.3.1 Market by Application
      • 4.3.4.3.2 Market by Product
• 4.4 Europe
  • 4.4.1 Markets
    • 4.4.1.1 Key Market Participants in Europe
    • 4.4.1.2 Business Drivers
    • 4.4.1.3 Business Challenges
  • 4.4.2 Application
  • 4.4.3 Product
  • 4.4.4 Europe (By Country)
    • 4.4.4.1 Germany
      • 4.4.4.1.1 Market by Application
      • 4.4.4.1.2 Market by Product
    • 4.4.4.2 France
      • 4.4.4.2.1 Market by Application
      • 4.4.4.2.2 Market by Product
    • 4.4.4.3 U.K.
      • 4.4.4.3.1 Market by Application
      • 4.4.4.3.2 Market by Product
    • 4.4.4.4 Italy
      • 4.4.4.4.1 Market by Application
      • 4.4.4.4.2 Market by Product
    • 4.4.4.5 Poland
      • 4.4.4.5.1 Market by Application
      • 4.4.4.5.2 Market by Product
    • 4.4.4.6 Rest-of-Europe
      • 4.4.4.6.1 Market by Application
      • 4.4.4.6.2 Market by Product
• 4.5 Asia-Pacific
  • 4.5.1 Markets
    • 4.5.1.1 Key Market Participants in Asia-Pacific
    • 4.5.1.2 Business Drivers
    • 4.5.1.3 Business Challenges
  • 4.5.2 Application
  • 4.5.3 Product
  • 4.5.4 Asia-Pacific (by Country)
    • 4.5.4.1 China
      • 4.5.4.1.1 Market by Application
      • 4.5.4.1.2 Market by Product
    • 4.5.4.2 Japan
      • 4.5.4.2.1 Market by Application
      • 4.5.4.2.2 Market by Product
    • 4.5.4.3 India
      • 4.5.4.3.1 Market by Application
      • 4.5.4.3.2 Market by Product
    • 4.5.4.4 South Korea
      • 4.5.4.4.1 Market by Application
      • 4.5.4.4.2 Market by Product
    • 4.5.4.5 Australia
      • 4.5.4.5.1 Market by Application
      • 4.5.4.5.2 Market by Product
    • 4.5.4.6 Rest-of-Asia-Pacific
      • 4.5.4.6.1 Market by Application
      • 4.5.4.6.2 Market by Product
• 4.6 Rest-of-the-World
  • 4.6.1 Markets
    • 4.6.1.1 Key Market Participants in Rest-of-the-World
    • 4.6.1.2 Business Drivers
    • 4.6.1.3 Business Challenges
  • 4.6.2 Application
  • 4.6.3 Product
  • 4.6.4 Rest-of-the-World (by Region)
    • 4.6.4.1 Middle East and Africa
      • 4.6.4.1.1 Market by Application
      • 4.6.4.1.2 Market by Product
    • 4.6.4.2 South America
      • 4.6.4.2.1 Market by Application
      • 4.6.4.2.2 Market by Product

5. Markets - Competitive Benchmarking & Company Profiles

• 5.1 Next Frontiers
• 5.2 Geographic Assessment
  • 5.2.1 Market Share Analysis
  • 5.2.2 Strategic Initiatives (Partnerships, Acquisitions, Product Launches)
• 5.3 Competitor Benchmarking
  • 5.3.1 Competitive Advantages and Market Differentiators
• 5.4 Startup and New Entrants
• 5.5 Company Profiles
  • 5.5.1 BASF SE
    • 5.5.1.1 Overview
    • 5.5.1.2 Top Products/Product Portfolio
    • 5.5.1.3 Top Competitors
    • 5.5.1.4 Target Customers
    • 5.5.1.5 Key Personnel
    • 5.5.1.6 Analyst View
    • 5.5.1.7 Market Share
  • 5.5.2 Umicore
    • 5.5.2.1 Overview
    • 5.5.2.2 Top Products/Product Portfolio
    • 5.5.2.3 Top Competitors
    • 5.5.2.4 Target Customers
    • 5.5.2.5 Key Personnel
    • 5.5.2.6 Analyst View
    • 5.5.2.7 Market Share
  • 5.5.3 Tenova S.p.A.
    • 5.5.3.1 Overview
    • 5.5.3.2 Top Products/Product Portfolio
    • 5.5.3.3 Top Competitors
    • 5.5.3.4 Target Customers
    • 5.5.3.5 Key Personnel
    • 5.5.3.6 Analyst View
    • 5.5.3.7 Market Share
  • 5.5.4 Li-Cycle Corp.
    • 5.5.4.1 Overview
    • 5.5.4.2 Top Products/Product Portfolio
    • 5.5.4.3 Top Competitors
    • 5.5.4.4 Target Customers
    • 5.5.4.5 Key Personnel
    • 5.5.4.6 Analyst View
    • 5.5.4.7 Market Share
  • 5.5.5 Lithion Recycling
    • 5.5.5.1 Overview
    • 5.5.5.2 Top Products/Product Portfolio
    • 5.5.5.3 Top Competitors
    • 5.5.5.4 Target Customers
    • 5.5.5.5 Key Personnel
    • 5.5.5.6 Analyst View
    • 5.5.5.7 Market Share
  • 5.5.6 AKKUSER
    • 5.5.6.1 Overview
    • 5.5.6.2 Top Products/Product Portfolio
    • 5.5.6.3 Top Competitors
    • 5.5.6.4 Target Customers
    • 5.5.6.5 Key Personnel
    • 5.5.6.6 Analyst View
    • 5.5.6.7 Market Share
  • 5.5.7 Duesenfeld
    • 5.5.7.1 Overview
    • 5.5.7.2 Top Products/Product Portfolio
    • 5.5.7.3 Top Competitors
    • 5.5.7.4 Target Customers
    • 5.5.7.5 Key Personnel
    • 5.5.7.6 Analyst View
    • 5.5.7.7 Market Share
  • 5.5.8 ELECTRA
    • 5.5.8.1 Overview
    • 5.5.8.2 Top Products/Product Portfolio
    • 5.5.8.3 Top Competitors
    • 5.5.8.4 Target Customers
    • 5.5.8.5 Key Personnel
    • 5.5.8.6 Analyst View
    • 5.5.8.7 Market Share
  • 5.5.9 ROYALBEES
    • 5.5.9.1 Overview
    • 5.5.9.2 Top Products/Product Portfolio
    • 5.5.9.3 Top Competitors
    • 5.5.9.4 Target Customers
    • 5.5.9.5 Key Personnel
    • 5.5.9.6 Analyst View
    • 5.5.9.7 Market Share
  • 5.5.10 RUBAMIN
    • 5.5.10.1 Overview
    • 5.5.10.2 Top Products/Product Portfolio
    • 5.5.10.3 Top Competitors
    • 5.5.10.4 Target Customers
    • 5.5.10.5 Key Personnel
    • 5.5.10.6 Analyst View
    • 5.5.10.7 Market Share
  • 5.5.11 Aqua Metals Inc.
    • 5.5.11.1 Overview
    • 5.5.11.2 Top Products/Product Portfolio
    • 5.5.11.3 Top Competitors
    • 5.5.11.4 Target Customers
    • 5.5.11.5 Key Personnel
    • 5.5.11.6 Analyst View
    • 5.5.11.7 Market Share
  • 5.5.12 HYDROVOLT AS
    • 5.5.12.1 Overview
    • 5.5.12.2 Top Products/Product Portfolio
    • 5.5.12.3 Top Competitors
    • 5.5.12.4 Target Customers
    • 5.5.12.5 Key Personnel
    • 5.5.12.6 Analyst View
    • 5.5.12.7 Market Share
  • 5.5.13 SungEel Hi-Tech. Co., Ltd.
    • 5.5.13.1 Overview
    • 5.5.13.2 Top Products/Product Portfolio
    • 5.5.13.3 Top Competitors
    • 5.5.13.4 Target Customers
    • 5.5.13.5 Key Personnel
    • 5.5.13.6 Analyst View
    • 5.5.13.7 Market Share
  • 5.5.14 ECOGRAF
    • 5.5.14.1 Overview
    • 5.5.14.2 Top Products/Product Portfolio
    • 5.5.14.3 Top Competitors
    • 5.5.14.4 Target Customers
    • 5.5.14.5 Key Personnel
    • 5.5.14.6 Analyst View
    • 5.5.14.7 Market Share
  • 5.5.15 Fortum
    • 5.5.15.1 Overview
    • 5.5.15.2 Top Products/Product Portfolio
    • 5.5.15.3 Top Competitors
    • 5.5.15.4 Target Customers
    • 5.5.15.5 Key Personnel
    • 5.5.15.6 Analyst View
    • 5.5.15.7 Market Share
  • 5.5.16 Redux GmbH
    • 5.5.16.1 Overview
    • 5.5.16.2 Top Products/Product Portfolio
    • 5.5.16.3 Top Competitors
    • 5.5.16.4 Target Customers
    • 5.5.16.5 Key Personnel
    • 5.5.16.6 Analyst View
    • 5.5.16.7 Market Share
  • 5.5.17 Green Li-ion Pte Ltd.
    • 5.5.17.1 Overview
    • 5.5.17.2 Top Products/Product Portfolio
    • 5.5.17.3 Top Competitors
    • 5.5.17.4 Target Customers
    • 5.5.17.5 Key Personnel
    • 5.5.17.6 Analyst View
    • 5.5.17.7 Market Share
  • 5.5.18 TATA Chemicals Ltd.
    • 5.5.18.1 Overview
    • 5.5.18.2 Top Products/Product Portfolio
    • 5.5.18.3 Top Competitors
    • 5.5.18.4 Target Customers
    • 5.5.18.5 Key Personnel
    • 5.5.18.6 Analyst View
    • 5.5.18.7 Market Share
  • 5.5.19 ATTERO
    • 5.5.19.1 Overview
    • 5.5.19.2 Top Products/Product Portfolio
    • 5.5.19.3 Top Competitors
    • 5.5.19.4 Target Customers
    • 5.5.19.5 Key Personnel
    • 5.5.19.6 Analyst View
    • 5.5.19.7 Market Share
  • 5.5.20 Exigo Recycling Pvt. Ltd.
    • 5.5.20.1 Overview
    • 5.5.20.2 Top Products/Product Portfolio
    • 5.5.20.3 Top Competitors
    • 5.5.20.4 Target Customers
    • 5.5.20.5 Key Personnel
    • 5.5.20.6 Analyst View
    • 5.5.20.7 Market Share
  • 5.5.21 Other Key Players

6. Research Methodology