리튬 이온 블랙 매스 부유 시약 : 시장 점유율 분석, 업계 동향 및 통계, 성장 예측(2026-2031년)

According to Mordor Intelligence, the lithium-Ion black-Mass flotation reagents market was valued at USD 172.31 million in 2025 and is estimated to grow from USD 190.66 million in 2026 to reach USD 324.03 million by 2031, at a CAGR of 11.19% during the forecast period (2026-2031).

This report is Segmented by Reagent Type (Collectors, Frothers, and More), Black-Mass Source (Electric Vehicle Batteries, and More), Target Material Recovery (Nickel and Cobalt Recovery, Lithium Recovery, and More), Battery Chemistry (NMC Batteries, and More), and Geography (Asia-Pacific, North America, Europe, and More). The Market Forecasts are Provided in Terms of Value (USD).

Global Lithium-Ion Black-Mass Flotation Reagents Market Trends and Insights

Rising Black-Mass Volumes from Electric Vehicle Batteries

Global electric vehicle battery retirements are becoming an operating reality in 2026, increasing the supply of black mass for the lithium-ion black-mass flotation reagents market. The global electric vehicle sales exceeded 17 million units in 2024, while battery cohorts produced during 2017-2019 are now entering collection and disassembly. Recycling capacity must rise from 2026 as automaker take-back obligations, and European Union battery passport requirements mature. China is likely to receive the earliest volume increase because it has both an older electric vehicle fleet and established processing capacity. This timing supports early demand for validated reagent packages in China before comparable volumes develop in Europe and North America.

Mandatory Battery Recycling and Critical-Material Recovery Targets

Regulatory compliance is now a primary demand factor for the lithium-ion black-mass flotation reagents market in Europe. Commission Delegated Regulation (EU) 2025/606 entered into force on July 24, 2025, and set methods for measuring recycling efficiency and material recovery. The regulation requires 90% recovery for cobalt, copper, lead, and nickel, and 50% recovery for lithium by the end of 2027. These requirements are expected to rise to 95% and 80%, respectively, by the end of 2031. Such thresholds encourage operators to use upstream pre-concentration and selective depressant and pH-modifier systems before leaching. China also allowed compliant recycled black mass to be imported from August 1, 2025, after changing its classification under GB/T 45203-2024. Regulation (EU) 2026/1738 now extends circularity requirements through the end-of-life vehicle supply chain.

Variable Black-Mass Composition and Inconsistent Feed Quality

Variable black-mass composition and inconsistent feed quality limit stable reagent selection in the lithium-ion black-mass flotation reagents market. Material from electric vehicle fleets can combine several cathode chemistries, cell formats, and degradation states. The resulting particle-size distribution, surface chemistry, and binder content can vary widely. A circuit calibrated for 1 chemistry can then show changes in graphite recovery, cathode selectivity, and frother consumption. China introduced compositional classifications and hazardous-substance limits for recycled black mass through GB/T 45203-2024, which took effect on July 1, 2025. Sorting, characterization, and quality certification must improve before operators can consistently set circuit parameters and commit to recurring reagent demand.

Other drivers and restraints analyzed in the detailed report include:

1. Growing Need to Recover Graphite Alongside Cathode Metals
2. Chemistry-Specific Flotation Optimization for LFP and NMC Feedstocks
3. Binder, Electrolyte, and Fine-Particle Entrainment Interference

For complete list of drivers and restraints, kindly check the Table Of Contents.

Segment Analysis

Collectors held 34.83% of the lithium-ion black-mass flotation reagents market share in 2025. Non-polar hydrocarbon oils, including kerosene, diesel, and proprietary formulations, promoted graphite hydrophobicity during anode-cathode separation. Their dosage rates are higher than those for frothers or pH modifiers. Peer-reviewed trials documented collector application rates of 350 g per metric ton of black mass, compared with 100-150 g per metric ton for frothers. This consumption pattern increased collectors' contribution to total reagent spending. In frothers, methyl isobutyl carbinol and pine-oil derivatives are used for froth stability and bubble-size control.

Depressants are forecast to advance at a 12.14% CAGR through 2031 within the lithium-ion black-mass flotation reagents industry. Their role grows as lithium recovery joins cobalt and nickel recovery as a required processing outcome in the lithium-ion black-mass flotation reagents market. Sodium silicate, dextrin, and emerging polymer formulations can suppress cathode flotation without suppressing graphite. A 2025 green pretreatment study found that gamma-valerolactone with atmospheric pyrolysis improved cathode hydrophilicity, achieved 100% graphite recovery to froth, and reduced cathode carry-over to 15.63% without an external collector. Wider use of this approach could reduce collector demand and move spending toward pretreatment and depressant chemistry. Specialty blends and flocculants also gain relevance as operators replace individual additions with formulated packages.

Electric vehicle batteries accounted for 54.16% of the lithium-ion black-mass flotation reagents market size in 2025. Their leading position reflected the central role of electric vehicle fleets in global black-mass supply. Purpose-built processing infrastructure is being developed to absorb electric vehicle battery feedstock in North America. Consumer electronics batteries also remain an important source, although small cell formats produce fine particles that can complicate flotation hydrodynamics. Industrial batteries provide a more predictable composition because they come from controlled operating environments.

Energy storage system batteries are forecast to advance at a 13.02% CAGR through 2031 in the lithium-ion black-mass flotation reagents market. Retirements of early commercial grid-storage systems installed from 2017 to 2020 are increasing this feedstock stream. These packs mainly use lithium iron phosphate in large prismatic cells. Their high iron phosphate content creates a mineralogy that behaves differently from nickel manganese cobalt automotive black mass. Formulations validated for electric vehicle-derived nickel manganese cobalt material require recalibration for lithium iron phosphate feedstock, particularly in depressant choice, methyl isobutyl carbinol dosage, and pH setpoint.

Complete Report Scope:

• By Reagent Type
  • Collectors
  • Frothers
  • Depressants
  • pH Modifiers
  • Other Reagent Types (Dispersants, Flocculants and Coagulants, Specialty/Proprietary Blends)
• By Black-Mass Source
  • Electric Vehicle Batteries
  • Consumer Electronics Batteries
  • Energy Storage System Batteries
  • Industrial Batteries
  • Other Black-Mass Sources (Mixed Battery Waste Streams)
• By Target Material Recovery
  • Nickel and Cobalt Recovery
  • Lithium Recovery
  • Graphite Recovery
  • Multi-Metal Recovery
  • Other Target Material Recoveries (Manganese and Minor Metals)
• By Battery Chemistry
  • NMC Batteries
  • LFP Batteries
  • NCA Batteries
  • LCO Batteries
  • Other Battery Chemistries (LMFP, Mixed Lithium-Ion Feedstocks)
• By Geography
  • Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia-Pacific
  • North America
    • United States
    • Canada
    • Mexico
  • Europe
    • Germany
    • United Kingdom
    • France
    • Italy
    • Rest of Europe
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Middle-East and Africa
    • Saudi Arabia
    • South Africa
    • Rest of Middle-East and Africa

Geography Analysis

Asia-Pacific held 37.29% of the lithium-ion black-mass flotation reagents market share in 2025 and is projected to grow at a 12.98% CAGR through 2031. China combines a mature electric vehicle fleet, black-mass processing infrastructure, and evolving regulation. Its import policy allowed compliant recycled black mass to be traded freely from August 1, 2025. This raised the throughput available to Chinese flotation and hydrometallurgical processors.

In North America, processing capacity is being added to handle electric vehicle batteries, manufacturing scrap, and consumer electronics. State-level extended producer responsibility rules can expand the collected supply of batteries in the United States. However, operating economics and reliance on policy support still create risk for recyclers. The region's demand in the lithium-ion black-mass flotation reagents market will depend on the availability of consistent feedstock as well as the financial strength of processors.

Europe's demand is supported by material-recovery requirements under Regulation (EU) 2023/1542. The 50% lithium recovery target for 2027 and the future 95% recovery threshold for cobalt, copper, and nickel encourage investment in pre-separation circuits. BASF began commercial operation of its Schwarzheide black-mass plant in June 2025, with an annual capacity of 15,000 metric tons. South America, and Middle-East and Africa remain early-stage markets, despite forward-looking interest in Brazil.

1. ACCUREC-Recycling GmbH
2. American Battery Technology Company
3. Ascend Elements Inc.
4. BASF
5. Cirba Solutions
6. CLARIANT
7. Duesenfeld GmbH
8. ECOBAT
9. Elemental Holding S.A.
10. Green Li-ion Pte Ltd.
11. Lithion Technologies
12. RecycLiCo Battery Materials Inc.
13. Redwood Materials Inc.
14. Syensqo
15. Umicore

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

TABLE OF CONTENTS

1 Introduction

• 1.1 Study Assumptions and Market Definition
• 1.2 Scope of the Study

2 Research Methodology

3 Executive Summary

4 Market Landscape

• 4.1 Market Overview
• 4.2 Market Drivers
  • 4.2.1 Rising Black-Mass Volumes From Electric Vehicle Batteries
  • 4.2.2 Mandatory Battery Recycling and Critical-Material Recovery Targets
  • 4.2.3 Growing Need to Recover Graphite Alongside Cathode Metals
  • 4.2.4 Shift Toward Integrated Physical and Hydrometallurgical Recycling
  • 4.2.5 Chemistry-Specific Flotation Optimization for LFP and NMC Feedstocks
  • 4.2.6 Low-Temperature, Low-Reagent Separation Innovation
• 4.3 Market Restraints
  • 4.3.1 Variable Black-Mass Composition and Inconsistent Feed Quality
  • 4.3.2 Binder, Electrolyte, and Fine-Particle Entrainment Interference
  • 4.3.3 Environmental Pressure on Hydrocarbon Collectors and Volatile Frothers
  • 4.3.4 Limited Commercial-Scale Validation of Reagent-Based Flotation
• 4.4 Value and Supply-Chain Analysis
• 4.5 Porter's Five Forces Analysis
  • 4.5.1 Bargaining Power of Suppliers
  • 4.5.2 Bargaining Power of Buyers
  • 4.5.3 Threat of New Entrants
  • 4.5.4 Threat of Substitutes
  • 4.5.5 Competitive Rivalry

5 Market Size and Growth Forecasts (Value)

• 5.1 By Reagent Type
  • 5.1.1 Collectors
  • 5.1.2 Frothers
  • 5.1.3 Depressants
  • 5.1.4 pH Modifiers
  • 5.1.5 Other Reagent Types (Dispersants, Flocculants and Coagulants, Specialty/Proprietary Blends)
• 5.2 By Black-Mass Source
  • 5.2.1 Electric Vehicle Batteries
  • 5.2.2 Consumer Electronics Batteries
  • 5.2.3 Energy Storage System Batteries
  • 5.2.4 Industrial Batteries
  • 5.2.5 Other Black-Mass Sources (Mixed Battery Waste Streams)
• 5.3 By Target Material Recovery
  • 5.3.1 Nickel and Cobalt Recovery
  • 5.3.2 Lithium Recovery
  • 5.3.3 Graphite Recovery
  • 5.3.4 Multi-Metal Recovery
  • 5.3.5 Other Target Material Recoveries (Manganese and Minor Metals)
• 5.4 By Battery Chemistry
  • 5.4.1 NMC Batteries
  • 5.4.2 LFP Batteries
  • 5.4.3 NCA Batteries
  • 5.4.4 LCO Batteries
  • 5.4.5 Other Battery Chemistries (LMFP, Mixed Lithium-Ion Feedstocks)
• 5.5 By Geography
  • 5.5.1 Asia-Pacific
    • 5.5.1.1 China
    • 5.5.1.2 India
    • 5.5.1.3 Japan
    • 5.5.1.4 South Korea
    • 5.5.1.5 Rest of Asia-Pacific
  • 5.5.2 North America
    • 5.5.2.1 United States
    • 5.5.2.2 Canada
    • 5.5.2.3 Mexico
  • 5.5.3 Europe
    • 5.5.3.1 Germany
    • 5.5.3.2 United Kingdom
    • 5.5.3.3 France
    • 5.5.3.4 Italy
    • 5.5.3.5 Rest of Europe
  • 5.5.4 South America
    • 5.5.4.1 Brazil
    • 5.5.4.2 Argentina
    • 5.5.4.3 Rest of South America
  • 5.5.5 Middle-East and Africa
    • 5.5.5.1 Saudi Arabia
    • 5.5.5.2 South Africa
    • 5.5.5.3 Rest of Middle-East and Africa

6 Competitive Landscape

• 6.1 Market Concentration
• 6.2 Strategic Moves
• 6.3 Market Share (%)/Ranking Analysis
• 6.4 Company Profiles (includes Global Overview, Market Overview, Core Segments, Financials as available, Strategic Information, Products and Services, and Recent Developments)
  • 6.4.1 ACCUREC-Recycling GmbH
  • 6.4.2 American Battery Technology Company
  • 6.4.3 Ascend Elements Inc.
  • 6.4.4 BASF
  • 6.4.5 Cirba Solutions
  • 6.4.6 CLARIANT
  • 6.4.7 Duesenfeld GmbH
  • 6.4.8 ECOBAT
  • 6.4.9 Elemental Holding S.A.
  • 6.4.10 Green Li-ion Pte Ltd.
  • 6.4.11 Lithion Technologies
  • 6.4.12 RecycLiCo Battery Materials Inc.
  • 6.4.13 Redwood Materials Inc.
  • 6.4.14 Syensqo
  • 6.4.15 Umicore

7 Market Opportunities and Future Outlook

• 7.1 White-Space and Unmet-Need Assessment