Black Mass Recycling Market Size, Share, & COVID-19 Impact Analysis, By Recovered Metals (Copper, Cobalt, Nickel, Manganese, Lithium and Others), By End-Use Industry (Automotive, Consumer Electronics, Energy, Construction and Others) and Regional Forecast, 2024-2032

Black mass is the recycling process which is done by mechanical treatment on batteries. When the battery life ends it is dismantled, grinded and is further processed into 'Black Mass'. Black mass contains large amount of metals such as lithium, nickel, cobalt, and manganese. These metals are extracted from black mass and reused on production of new batteries. 

With rapid advancement of technology and rising adoption of electronic devices globally, e-waste generation has become a major issue. Electronic devices particularly portable ones contains lithium ion batteries, the black mass generated from such discarded devices increases rapidly propelling the black mass recycling market. In addition, black mass recycling provides environmental and financial benefits which fuel the black mass recycling market in coming years.

Black mass contains toxic and carcinogenic elements which are harmful to human body. Also, black mass contains binders which are flammable and explosive, these factors may hinder the growth of market. Key market players focus on developing value-added products to compete with their industry rivals. They are also engaged in increasing their geographic footprint and strategic expansion.

Impact of COVID-19 on the Black Mass Recycling Market

The COVID-19 pandemic impacted the black mass recycling market globally, affecting both the demand for black mass powder and their processing which leads to restricting the black mass recycling market growth. Recycling facilities are halted due to the shutdown of many manufacturing facilities all over the world which has made more difficult to recycle outdated lithium-ion batteries. Despite this, normalization in businesses post COVID-19 and capital investment by the government toward the construction sector will positively impact the black mass recycling market.

Segmentation

Key Insights

The report will cover the following key insights:

• The Regulatory Scenario of Black Mass Recycling Market


• Key Developments in Black Mass Recycling Market


• Impact of COVID-19 on Black Mass Recycling Market

Analysis by Recovered Metals

Depending upon the recovered metals black mass recycling market is segmented into copper, cobalt, nickel, manganese, lithium and others. Among these, copper segment holds the significant share in global black mass recycling market. Copper is the key component in the manufacturing of various electronic devices such as motor, laptops and batteries. Rising consumption of these devices increases the demand for copper boosting the black recycling market. In addition, increasing demand for nickel in products such as electronics, kitchenware and coins may expect to influence the black mass recycling market in coming years.

Analysis by End-Use Industry

By end-use industry, the black mass recycling market is segmented into automotive, consumer electronics, energy, construction and others. Among these automotive segment holds the significant share in black mass recycling market. People are shifting toward electric vehicles instead of traditional cars due to low carbon emission, reduce engine sound and low maintenance. These electric vehicles requires lithium ion batteries which boosts the black mass recycling market. In addition, increasing demand for electronics equipment’s such as motors, electric wires and smartphones may expect to boost the black mass recycling market in forecast period.

Regional Analysis

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By region, the black mass recycling market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Asia Pacific holds significant share of the black mass recycling market. Automotive sector is the largest growing sector in this region, rising sales of electric vehicles and plug-in hybrid electric vehicles (PHEVs) increases the adoption of lithium ion batteries which boosts the black mass recycling market. Furthermore, rising construction activities in China and India is expected to expand the black mass recycling market.

North America and Europe are expected to drive the market moderately over the forecast period. Increasing adoption of consumer electronics such as laptops, smartphones and desktops are anticipated to drive the black mass recycling market. The presence of key players contributes to drive the black mass recycling market in these region. The market in the Middle East & Africa region is expected to grow moderately during the forecast period.

Key Players Covered

The report will include the profiles of key players, such as BASF SE, TENOVA, BATX Energies, Stena Metall AB, Everchem Specialty Chemicals, ENVIPRO HOLDINGS INC, Lico, Duesenfeld, Umicore and ELECTRA.

Key Industry Developments

• February 2023 - Electra Battery Materials Corporation has built its first black mass material recycling plant in North America. This facility recovered nickel, cobalt, and manganese which is needed for electric vehicle batteries using hydrometallurgical process.


• June 2022 - BASF SE has announced to build large scale commercial battery recycling plant in Schwarzheide, Germany. The plant will consist a processing capacity of 15,000 tons of EV batteries and production scrap and will be operational from 2024.