Comparing 24 vendors in Black Mass Recycling: Market Leaders of 2024 across 0 criteria.
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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
2.1 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
3.1 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
4.1 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
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.
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
Major companies in the black mass recycling market include Contemporary Amperex Technology Co., Limited (Brunp Recycling) (China), Cirba Solutions (US), Glencore (US), RecycLiCo Battery Materials (Canada), Umicore (Belgium), Redwood Materials (US), Tenova S.p.A. (Italy), Li-Cycle Corp. (Canada), Metso (Finland), Lithion Technologies (Canada), BASF SE (Germany), Akkuser Oy (Finland), Duesenfeld GmbH (Germany), Aqua Metals, Inc. (US), Fortum (Finland), and among others. A total of 24 major players have been covered. These players have adopted agreements, partnerships, and expansions as the major strategies to consolidate their position in the market.The Full List
