Black Mass Recycling Market by Recovered Metals (Copper, Cobalt, Nickel, Manganese, Lithium, Others), by End-Use Industry (Automotive, Consumer Electronics, Energy, Construction, Others), by North America (U.S., Canada, Mexico), by Europe (UK, Germany, France, Italy, Spain, Russia, Netherlands, Switzerland, Poland, Sweden, Belgium), by Asia Pacific (China, India, Japan, South Korea, Australia, Singapore, Malaysia, Indonesia, Thailand, Philippines, New Zealand), by Latin America (Brazil, Mexico, Argentina, Chile, Colombia, Peru), by MEA (UAE, Saudi Arabia, South Africa, Egypt, Turkey, Israel, Nigeria, Kenya) Forecast 2024-2032
The Black Mass Recycling Market size was valued at USD 10.1 USD Billion in 2023 and is projected to reach USD 15.39 USD Billion by 2032, exhibiting a CAGR of 6.2 % during the forecast period. Black Mass Recycling refers to the process of recovering valuable materials from the black mass, a byproduct of lithium-ion battery recycling. This black mass predominantly consists of metals such as lithium, cobalt, nickel, and manganese. There are several types of black mass recycling methods, including pyrometallurgical, hydrometallurgical, and biotechnological approaches. Pyrometallurgical methods involve high-temperature treatment to separate metals, while hydrometallurgical methods use chemical solutions to leach and extract metals. Biotechnological approaches employ microorganisms to recover metals. Features of black mass recycling include the recovery of critical materials, reduction of environmental impact, and resource conservation. Applications span the electronics industry, renewable energy storage, and automotive sectors, supporting the sustainability and efficiency of battery production and disposal.
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Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 6.2% from 2018-2032 |
Segmentation |
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Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 6.2% from 2018-2032 |
Segmentation |
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Note* : In applicable scenarios
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