What is black mass recycling?

Black mass recycling refers to the process of recovering valuable metals such as lithium, cobalt, nickel, and manganese from spent lithium-ion batteries. The term "black mass" denotes the powdery material extracted from shredded batteries.

Why is black mass recycling important?

• It addresses environmental concerns by reducing battery waste. • It helps meet the increasing demand for critical materials required in battery production. • It reduces dependency on mining, which is resource-intensive and environmentally damaging.

What are the key drivers of the black mass recycling market?

• The surge in electric vehicle (EV) adoption. • Stricter government regulations on battery disposal. • Growing need for sustainable resource recovery.

What are the latest technological advancements in black mass recycling?

• Development of hydrometallurgical and pyrometallurgical processes. • Introduction of direct recycling techniques to minimize waste. • Automation and AI-driven sorting for higher recovery efficiency.

How are governments supporting black mass recycling initiatives?

• Subsidies and grants for recycling projects. • Regulations mandating recycling of spent batteries. • Tax incentives for using recycled materials.

Who are the leading players in the black mass recycling market?

Key players often include recycling companies, battery manufacturers, and material recovery specialists such as: • Redwood Materials • Li-Cycle • Umicore • American Battery Technology Company (ABTC)

How does black mass recycling contribute to sustainability goals?

• Reduces landfill waste from discarded batteries. • Lowers the environmental footprint compared to mining virgin materials. • Supports the development of a circular economy.

What is the role of recycling in meeting EV battery demand?

Recycling black mass ensures a steady supply of critical metals, helping alleviate supply chain pressures caused by limited raw material availability.

Black Mass Recycling: Market Leaders of 2024

Summary
Table Of Contents

The Black Mass Recycling Companies Quadrant is a comprehensive industry analysis that provides valuable insights into the global market for Black Mass Recycling. This quadrant offers a detailed evaluation of key market players, technological advancements, product innovations, and emerging trends shaping the industry. MarketsandMarkets 360 Quadrants evaluated over 40 companies of which the Top 24 Black Mass Recycling Companies were categorized and recognized as the quadrant leaders.

Market Leadership Quadrant

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The black mass recycling market focuses on recovering valuable metals from spent lithium-ion batteries, primarily used in electric vehicles (EVs), consumer electronics, and energy storage devices. Black mass refers to the homogeneous solid mixture of lithium, cobalt, nickel, and manganese obtained after spent batteries are disassembled and crushed. This mixture undergoes industrial processing to separate and extract these metals, which can then be reused in the production of new batteries or other applications.

Several key factors are driving the growth of the black mass recycling market. First, the rising adoption of electric vehicles has led to an increase in lithium-ion battery usage, resulting in a growing supply of spent batteries requiring recycling. Second, the push for sustainable development and the circular economy emphasizes recycling over traditional mining to mitigate environmental impact. Additionally, the escalating costs and limited availability of raw materials like lithium and cobalt make black mass recycling an economically viable solution. Furthermore, the rapid expansion of the EV industry, coupled with stringent environmental regulations, is accelerating the integration of black mass recycling into the battery value chain.

The 360 Quadrant maps the Black Mass Recycling companies based on criteria such as revenue, geographic presence, growth strategies, investments, and sales strategies for the market presence of the Life Science Analytics quadrant. The top criteria for product footprint evaluation included Battery Source ( Automotive Batteries, Industrial Batteries, Consumer Electronics Batteries, Power Batteries, Marine Batteries and Other Battery Sources), Recycling Process(Pyrometallurgical Process, Hydro Metallurgical Process and Other Recycling Processes) Battery Type(Lithium-Ion Batteries and Nickel-Based Batteries) and Recovered Metal(Nickel, Cobalt, Lithium, Copper, Manganese and Other Recovered Metals).

Key Market Players

1. INTRODUCTION

1.1   STUDY OBJECTIVES
1.2   MARKET DEFINITION
1.2.1   INCLUSIONS AND EXCLUSIONS
1.3   MARKET SCOPE
1.3.1   MARKET SEGMENTATION
1.3.2   REGIONAL SCOPE
1.3.3   YEARS CONSIDERED

2. MARKET DYNAMICS

2.1 DRIVERS

2.1.1 Increasing demand for electric vehicles

2.1.2 Stringent local and state government regulations and EPA guidelines

2.1.3 Rising demand for recycled products and materials

2.1.4 Depletion of earth metals

2.2 RESTRAINTS

2.2.1 Safety issues related to storage and transportation of spent batteries

2.3 OPPORTUNITIES

2.3.1 Subsidies to encourage battery recycling

2.3.2 Rising adoption of lithium-ion batteries due to declining prices

2.4 CHALLENGES

2.4.1 High cost of recycling and dearth of technologies

3. COMPETITIVE LANDSCAPE

3.1 INTRODUCTION

3.2 KEY PLAYER STRATEGIES/RIGHT TO WIN

3.3 REVENUE ANALYSIS, 2019–2023

3.4 MARKET SHARE ANALYSIS, 2023

3.5 BRAND/PRODUCT COMPARISON

3.5.1 RECYCLING PROCESS, BY UMICORE

3.5.2 RECYCLING PROCESS, BY BASF

3.5.3 RECYCLING PROCESS, BY TENOVA S.P.A.

3.5.4 RECYCLING PROCESS, BY LI-CYCLE CORP.

3.5.5 RECYCLING PROCESS, BY METSO

3.6 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023

3.6.1 STARS

3.6.2 EMERGING LEADERS

3.6.3 PERVASIVE PLAYERS

3.6.4 PARTICIPANTS

3.6.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023

3.7 COMPETITIVE SCENARIO

3.7.1 DEALS

3.7.2 EXPANSION

4. COMPANY PROFILES

4.1 KEY PLAYERS

4.1.1 BASF

4.1.1.1 Business overview

4.1.1.2 Products/Solutions/Services offered

4.1.1.3 Recent developments

4.1.1.4 MnM view

4.1.2 CONTEMPORARY AMPEREX TECHNOLOGY CO., LIMITED (BRUNP RECYCLING)

4.1.2.1 Business overview

4.1.2.2 Products/Solutions/Services offered

4.1.2.3 Recent developments

4.1.2.4 MnM view

4.1.3 CIRBA SOLUTIONS

4.1.3.1 Business overview

4.1.3.2 Products/Solutions/Services offered

4.1.3.3 Recent developments

4.1.3.4 MnM view

4.1.4 GLENCORE

4.1.4.1 Business overview

4.1.4.2 Products/Solutions/Services offered

4.1.4.3 Recent developments

4.1.4.4 MnM view

4.1.5 RECYCLICO BATTERY MATERIALS INC.

4.1.5.1 Business overview

4.1.5.2 Products/Solutions/Services offered

4.1.5.3 Recent developments

4.1.5.4 MnM view

4.1.6 UMICORE

4.1.6.1 Business overview

4.1.6.2 Products/Solutions/Services offered

4.1.6.3 Recent developments

4.1.6.4 MnM view

4.1.7 REDWOOD MATERIALS

4.1.7.1 Business overview

4.1.7.2 Products/Solutions/Services offered

4.1.7.3 Recent developments

4.1.8 TENOVA S.P.A.

4.1.8.1 Business overview

4.1.8.2 Products/Solutions/Services offered

4.1.8.3 MnM view

4.1.9 LI-CYCLE CORP.

4.1.9.1 Business overview

4.1.9.2 Products/Solutions/Services offered

4.1.9.3 Recent developments

4.1.10 METSO

4.1.10.1 Business overview

4.1.10.2 Products/Solutions/Services offered

4.1.10.3 MnM view

4.1.11 LITHION TECHNOLOGIES

4.1.11.1 Business overview

4.1.11.2 Products/Solutions/Services offered

4.1.11.3 Recent developments

4.1.12 AKKUSER OY

4.1.12.1 Business overview

4.1.12.1 Products/Solutions/Services offered

4.1.13 DUESENFELD GMBH

4.1.13.1 Business overview

4.1.13.2 Products/Solutions/Services offered

4.1.14 AQUA METALS, INC.

4.1.14.1 Business overview

4.1.14.2 Products/Solutions/Services offered

4.1.14.3 Recent developments

4.1.15 SUNGEEL HI-TECH. CO., LTD.

4.1.15.1 Business overview

4.1.15.2 Products/Solutions/Services offered

4.1.16 FORTUM

4.1.16.1 Business overview

4.1.16.2 Products/Solutions/Services offered

4.1.17 REDUX RECYCLING GMBH

4.1.17.1 Business overview

4.1.17.2 Products/Solutions/Services offered

4.1.18 TATA CHEMICALS LTD.

4.1.18.1 Business overview

4.1.18.2 Products/Solutions/Services offered

4.1.19 ATTERO RECYCLING PVT. LTD.

4.1.19.1 Business overview

4.1.19.2 Products/Solutions/Services offered

4.1.20 EXIGO RECYCLING PRIVATE LIMITED

4.1.20.1 Business overview

4.1.20.2 Products/Solutions/Services offered

4.1.21 ELECTRA BATTERY MATERIALS

4.1.21.1 Business overview

4.1.21.2 Products/Solutions/Services offered

4.1.22 RUBAMIN

4.1.22.1 Business overview

4.1.22.1 Products/Solutions/Services offered

4.1.23 HYDROVOLT

4.1.23.1 Business overview

4.1.23.2 Products/Solutions/Services offered

4.1.24 ECOGRAF

4.1.24.1 Business overview

4.1.24.2 Products/Solutions/Services offered

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Company List Full List

Company	Headquarters	Year Founded	Holding Type
AkkuSer Oy	Finland, Europe	2006	Private
Aqua Metals Inc.	Nevada, USA	2014	Public
Attero Recycling Pvt. Ltd.	Noida, India	2008	Private
BASF SE	Ludwigshafen, Germany	1865	Public
Cirba Solution	Charlotte, USA	1991	Private
Contemporary Amperex Technology Co., Ltd.	Ningde, China	2011	Public
Duesenfeld GmbH	Wendeburg, Germany	2016	Private
ELECTRA LTD	Levin, New Zealand	1945	Private
Ecograf	West Perth, Australia	2005	Public
Exigo Recycling Pvt. Ltd.	Noida, India	2012	Private
Fortum	Espoo, Finland	1998	Private
Glencore	Baar, Switzerland	1974	Public
Hydrovolt AS	Fredrikstad, Norway	2020	Private
Li-Cycle Corp.	Rochester, USA	2016	Private
Lithion Technologies	Québec, Canada	2018	Private
Metso	Finland, Europe	1999	Public
RUBAMIN Pvt. Ltd.	Gujarat, India	1985	Private
RecycLiCo Battery Materials	Surrey, Canada	1987	Private
Redux GmbH	Offenbach, Germany	1977	Private
Redwood Materials, Inc.	Carson City, USA	2017	Private
SungEel Hi-Tech. Co., Ltd.	Gunsan-si, South Korea	2000	Public
Tata Chemicals Limited	Mumbai, India	1939	Public
Tenova S.p.A.	Castellanza, Europe	2007	Private
Umicore	Brussels, Belgium	1989	Public

Black Mass Recycling: Market Leaders of 2024

Black Mass Recycling: Market Leaders of 2024

Market Leadership Quadrant

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Latest Industry News

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Attero welcomes Satya S Tripathi to its Board of Directors

Attero sets industry benchmark with ISO 14064 certification for GHG emissions verification

Indian cleantech major Attero achieves global certification for GHG emissions verification

Ardian to acquire European waste management platform Attero

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Black Mass Recycling: Market Leaders of 2024

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