About Black Mass Recycling
The process of black mass recycling is highly important for the recovery of metallic species from disposed lithium-ion batteries (LIBs), which are primarily used in electric vehicles, consumer electronics, and energy storage systems. This is because it performs treatment on end-of-life batteries after mechanical separation and optional thermal treatment to extract valuable materials such as lithium, cobalt, nickel, and manganese. The "black mass" obtained thereafter is essentially a powder containing these metals, alongside graphite and other substances. With the increasing demand for electric vehicles coupled with the virgin nature of metal resources, the significance of black mass recycling is ever-increasing. The act of recycling these batteries would lead to an alternative for landfill disposal, thereby reducing pollution; it will also provide a sustainable means of critical materials for new battery production, thus promoting a circular economy. Various techniques, such as hydrometallurgy and pyrometallurgy, are applied to extracting and refining these metals from the black mass. While pyrometallurgy employs high-temperature smelting, hydrometallurgy employs aqueous chemical processes to leach and recover the metals selectively. The choice of one or the other technology will depend on cost-effectiveness and efficiency of recovery, along with the environmental impact.
Attributes | Details |
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Study Period | 2020-2032 |
Base Year | 2024 |
Unit | Value (USD Million) |
Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Tenova S.p.A. (Castellanza, Italy), Umicore (Brussels, Belgium), BASF SE (Ludwigshafen, Germany), AKKUSER (Kocaeli, Turkey), Lithion Recycling (Anjou, Quebec, Canada), Li-Cycle Corp. (Toronto, Ontario, Canada), Redux GmbH (Bremerhaven, Germany), ELECTRA (Aubervilliers, France), ROYALBEES (Arnhem, Netherlands), RUBAMIN (Vadodara, Gujarat, India), Aqua Metals Inc. (Fernley, Nevada, USA), HYDROVOLT AS (Grimstad, Norway), SungEel Hi-Tech. Co. Ltd. (Gunsan, South Korea), ECOGRAF (Perth, Western Australia, Australia), Fortum (Espoo, Finland), Duesenfeld (Wendeburg, Germany), Green Li-ion Pte Ltd. (Singapore, Singapore), TATA Chemicals Ltd. (Mumbai, Maharashtra, India), ATTERO (Gurgaon, Haryana, India) and Exigo Recycling Pvt. Ltd. (Pune, Maharashtra, India) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Black Mass Recycling market by , Application (Automotive, Consumer Electronics, Energy, Aerospace and Defense, Construction and Others) and Region.
On the basis of geography, the market of Black Mass Recycling has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Technology, the sub-segment i.e. Hydrometallurgy will boost the Black Mass Recycling market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Battery Source, the sub-segment i.e. Automotive Batteries will boost the Black Mass Recycling market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Recovered Metal, the sub-segment i.e. Nickel will boost the Black Mass Recycling market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.