The global black mass recycling market is projected to grow from USD 14.41 billion in 2024 to USD 51.70 billion by 2032, at a CAGR of 17.3% during the forecast period. One major factor propelling the growth of the black mass recycling market is the rising demand for electric cars, or EVs. The manufacturing and disposal of lithium-ion batteries, which are essential parts of electric vehicles, are increasing along with the global use of EVs. Black mass recycling can be used to recover precious materials from these batteries, including manganese, cobalt, nickel, and lithium. In order to meet the growing demand for EV batteries while lowering reliance on newly mined raw materials, recycling these materials is crucial given the growing push for resource efficiency and sustainable energy solutions. Furthermore, governments and manufacturers are putting more and more effort into developing closed-loop supply chains, which minimize production costs and the environmental impact of battery production by reusing battery components. The amount of end-of-life batteries will increase as the EV market grows, which will increase need for black mass recycling procedures to recover essential elements and assist the EV industry’s expansion. It is anticipated that this dynamic will play a major role in the battery industry’s circular economy’s expansion.
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Black Mass Recycling Companies
Companies such as Contemporary Amperex Technology Co., Limited (Brunp Recycling) (China), Cirba Solutions (US), Glencore (US), RecycLiCo Battery Materials (Canada), and Umicore (Belgium) fall under the winners’ category. These are leading players in the Black mass recycling market globally. These players have adopted the strategies of acquisitions, investments, expansions, and partnerships to increase their market shares.
Contemporary Amperex Technology Co., Limited (Brunp Recycling) (China)
Contemporary Amperex Technology focuses on new innovative technologies. It is listed on the Shenzhen Stock Exchange (China). The company offers its services through a solution-based portfolio that includes passenger vehicles, commercial applications, energy storage systems, and battery recycling. It recycles lithium-ion batteries through its subsidiary, Guangdong Brunp Recycling Technology (China).
Guangdong Brunp Recycling Technology, formerly known as Foshan Brunp Recycling Science and Technology Co., Ltd., was established in 2005. It operates the entire battery industrial chain recycling system and recovers nickel, cobalt, manganese, and lithium from spent digital batteries and auto power batteries. CATL operates through its subsidiaries in France, the US, Canada, and Japan, among others. It has approx. 13 manufacturing facilities in China, Hungary, and Germany, and five R&D centers in China and Munich (Germany).
Cirba Solutions (US)
Cirba Solutions is a leading company in the waste management industry. It recycles batteries and processes materials; it recycles every possible material from batteries, including the steel casing, base materials, plastics, and packaging. The company is a comprehensive recycler of alkaline, lithium-ion, NiCad, NiMH, and lead-acid batteries. It can recycle lithium-ion batteries of all battery chemistries. Using pyrometallurgical and hydrometallurgical treatments, it can recover metals, such as lithium, iron, cobalt, nickel, and plastics from spent lithium-ion batteries.
Cirba has six processing locations, including two lithium-ion operations across North America. The company serves the automotive, telecommunications, retail, healthcare, government, industrial, and military sectors. Some of the automotive clients of Cirba Solutions are Tesla, Toyota, Volkswagen, Audi, Volvo, Hyundai, Chrysler, GM, BMW, Mitsubishi, Bosch, Mercedes, Ford, Porsche, and Nissan. The company also serves other electronic clients, such as Saft, XALT Energy, Johnson Controls, A123 Systems, Hitachi, and LG Chem.
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Glencore (US)
Glencore is a diversified natural resource company and one of the major recyclers and processors of lithium-ion batteries, end-of-life electronics, and other metal-bearing products. The company recovers products, including copper, nickel, cobalt, zinc, ferroalloys, and precious metals. It operates business through two reportable segments: metals & minerals and energy products. Lithium-ion battery recycling services are offered in the metals and minerals segment.
Glencore’s facilities safely treat complex feeds, such as lithium-ion or NiMH batteries, catalysts, and plating sludge. With operations in the Americas, Asia Pacific, Africa, and Europe, Glencore majorly processes small, portable batteries as EDV batteries present a high risk due to the various chemistries involved. The company has a global marketing network, with offices in over 35 countries. It imposes a treatment charge for processing batteries and offers significant cobalt credit back to customers sending batteries.
RecycLiCo Battery Materials (Canada)
RecycLiCo Battery Materials, formerly known as American Manganese, is involved in recycling battery cathode waste in lithium-ion batteries. It accepts various battery chemistries, including lithium iron phosphate (LFP), lithium manganese oxide (LMO), nickel manganese cobalt (NMC), nickel cobalt aluminum (NCA), and lithium cobalt oxide (LCO). The company recycles cathode scrap or black mass using its patented hydrometallurgical cathode recovery process: The RecycLiCo patented process can extract up to 100% of lithium, nickel, cobalt, and manganese. These extracted metals are upcycled into high-value battery materials utilized in new lithium-ion battery production. The company is also interested in the exploration and development of minerals. It has a strong presence across North America.
Umicore (Belgium)
Umicore is a materials technology company and recycling group in chemistry, material science, and metallurgy, with operations across Europe, North America, South America, Asia Pacific, and Africa. It operates through three business segments: recycling, catalysis, and energy & surface technologies. The recycling segment deals in battery recycling solutions, jewelry & industrial metals, precious metals management, and precious metals refining.
Umicore serves various industries, including energy, automotive, recycling, chemicals, manufacturing, optics & displays, precious metals, and electronics. It operates a recycling facility in Hoboken (Belgium) and recycles batteries through its Hanau (Germany) recycling plant. Both facilities employ hydrometallurgy and pyrometallurgy recycling processes while recycling batteries. The feedstock for recycling includes industrial residues, electronic scrap, batteries, automotive & industrial catalysts, and fuel cells. The company comprises 15 R&D facilities that focus on various developments, including battery recycling and advanced technology developments related to decarbonization and emission reduction programs.
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The automotive batteries segment is expected to account for the largest share of the black mass recycling market, by battery source, during the forecast period, in terms of value.
By battery source, the automotive batteries segment is estimated to have the largest market share by value. Driven by the fast growth rate of electric vehicles (EVs) and hybrid electric vehicles (HEVs). Rising adoption of EVs across the globe is driving the volume of end-of-life automotive batteries into an important market opportunity for recycling solutions to recover critical materials such as lithium, cobalt, and nickel. This is further motivated by stringent environmental regulations and the push for de-carbonization, reducing dependency on virgin raw materials, thereby making recycling of automotive batteries indispensable to a sustainable and circular battery economy.
By battery type, the lithium-ion battery segment is expected to account for the largest market share during the forecast period in terms of value.
Based on battery type, the lithium-ion battery segment is estimated to account for the largest share of the market during the forecast period, owing to dominant usage for electric vehicles, energy storage systems, and portable electronics. Rapid changes in the automotive sector toward electrification resulted in a remarkable increase of spent lithium-ion batteries, thus boosting demand for recycling solutions. Growth in that segment will be based on the intrinsic value of recoverable materials like lithium, cobalt, and nickel, necessary for the production of new batteries which would take a considerable pressure off the raw material supply chains.
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Asia Pacific is projected to register the largest market share during the forecast period.
Asia Pacific is estimated to lead the market during the forecast period. The Asia-Pacific region is expected to have the largest market share in the black mass recycling market due to numerous factors. The exponential rise in end-of-life battery production is a result of the fast development of businesses like renewable energy storage, electric vehicles, and consumer electronics in nations like South Korea, Japan, China, and others. Moreover, the investments in cutting-edge recycling technologies are being driven by this, as well as strict environmental restrictions and a growing emphasis on sustainable practices.
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