Black Mass Recycling Market Size, Share, Trends, Growth Outlook

The Global Black Mass Recycling Market Size is estimated at $17.2 Billion in 2025 and is forecast to register an annual growth rate (CAGR) of 17.8% to reach $75.1 Billion by 2034.

The global Black Mass Recycling Market Study analyzes and forecasts the market size across 6 regions and 24 countries for diverse segments -By Battery (Lithium-Ion Batteries, Nickel-Based Batteries), By Recovered Metal (Nickel, Cobalt, Lithium, Copper, Manganese, Others), By Recycling Process (Hydrometallurgical Process, Pyrometallurgical Process, Others), By Battery Source (Automotive Batteries, Industrial Batteries, Consumer Electronic Batteries, Power Batteries, Marine Batteries, Others).

An Introduction to Black Mass Recycling Market in 2025

The Black Mass Recycling Market gains momentum as the push for sustainable battery disposal and resource recovery intensifies. With the growing adoption of electric vehicles and renewable energy storage, recycling black mass—rich in lithium, nickel, cobalt, and manganese—becomes vital for supply chain stability. Advanced hydrometallurgical and pyrometallurgical techniques enhance recovery efficiency, reducing environmental impact. Governments support this market with stricter e-waste regulations and recycling incentives. Collaborations between battery manufacturers and recycling firms drive innovation, creating a circular economy for critical raw materials.

About USD Analytics
Table of Contents
List of Charts and Exhibits
List of Tables

1. Executive Summary
What’s New in 2025?
Top 10 Takeaways from the industry
Potential Opportunities for Industry Stakeholders
Strategic Imperatives
Company Market Positioning
Industry Benchmarking Matrix

2. Research Scope and Methodology
Market Definition
- Market Segments
- Companies Profiled
Research Methodology
- Bottom-Up Method
- Top-Down Method
- Data Triangulation
Forecast Methodology
- Data Sources
- USDA Proprietary Databases
- External Sources
- Primary Research and Interviews
Conversion Rates for USD
Abbreviations

3. Strategic Landscape: Key Insights and Implications
Spotlight: Key Strategies opted by Business Leaders
Competitive Landscape
Market Size ($ Million) and Share (%) by Company, 2024

SWOT Analysis
- Key Market Strengths
- Key Market Weaknesses
- Potential Opportunities
- Potential Threats

Porter’s Five Force Analysis
- Summary
- Bargaining Power of Buyers- Impact Analysis
- Bargaining Power of Suppliers- Impact Analysis
- Threat of new entrants- Impact Analysis
- Intensity of Competitive Rivalry- Impact Analysis

Macro-Environmental Analysis
- Economic forecasts by Country, 2010- 2035
- Population forecasts by Country, 2010- 2035
- Inflation Outlook by Country, 2010-2035
- Impact of Russia-Ukraine Conflict, Sluggish China Growth, US Developments


5. Growth Opportunity Analysis
Trends at a Glance
- What are the most noteworthy trends in the market
- Where should leaders pay attention?
- What industries are likely to be affected by the growth?
Market Dynamics
- Charting a path forward
- Growth Drivers
- Growth Barriers
Key Industry Stakeholders
- Suppliers
- Manufacturers and Service Providers
- Distribution Channels
- End-Users and Applications
- Regulators
- Investors, Traders, and R&D Institutes

Regulatory Landscape

6. Market Size Outlook to 2034
Global Black Mass Recycling Market Size Forecast, USD Million, 2018- 2034
- Historic Market Size, 2018- 2024
- Forecast Market Size, 2024- 2034
Scenario Analysis
- Low Growth Scenario: Definition and Outlook to 2034
- Reference Case: Definition and Outlook to 2034
- High Growth Scenario: Definition and Outlook to 2034
Pricing Analysis and Outlook
- Black Mass Recycling Average Price Forecast, 2021- 2034
- Key Factors Shaping the Pricing Patterns

7. Historical Black Mass Recycling Market Size by Segments, 2018- 2024
Key Statistics, 2024
Black Mass Recycling Market Size Outlook by Type, USD Million, 2018- 2024
Growth Comparison (y-o-y) across Black Mass Recycling Types, 2018- 2024
Black Mass Recycling Market Size Outlook by Application, USD Million, 2018- 2024
Growth Comparison (y-o-y) across Black Mass Recycling Applications, 2018- 2024

8. Black Mass Recycling Market Size Outlook by Segments, 2024- 2034
By Battery
Lithium-Ion Batteries
Nickel-Based Batteries
By Recovered Metal
Nickel
Cobalt
Lithium
Copper
Manganese
Others
By Recycling Process
Hydrometallurgical Process
Pyrometallurgical Process
Others
By Battery Source
Automotive Batteries
Industrial Batteries
Consumer Electronic Batteries
Power Batteries
Marine Batteries
Others

9. Black Mass Recycling Market Size Outlook by Region
North America
Key Market Dynamics
North America Black Mass Recycling Market Size Outlook by Type, USD Million, 2021-2034
North America Black Mass Recycling Market Size Outlook by Application, USD Million, 2021-2034
North America Black Mass Recycling Market Size Outlook by Sales Channel, USD Million, 2021-2034
North America Black Mass Recycling Market Size Outlook by Country, USD Million, 2021-2034

Europe
Key Market Dynamics
Europe Black Mass Recycling Market Size Outlook by Type, USD Million, 2021-2034
Europe Black Mass Recycling Market Size Outlook by Application, USD Million, 2021-2034
Europe Black Mass Recycling Market Size Outlook by Sales Channel, USD Million, 2021-2034
Europe Black Mass Recycling Market Size Outlook by Country, USD Million, 2021-2034

Asia Pacific
Key Market Dynamics
Asia Pacific Black Mass Recycling Market Size Outlook by Type, USD Million, 2021-2034
Asia Pacific Black Mass Recycling Market Size Outlook by Application, USD Million, 2021-2034
Asia Pacific Black Mass Recycling Market Size Outlook by Sales Channel, USD Million, 2021-2034
Asia Pacific Black Mass Recycling Market Size Outlook by Country, USD Million, 2021-2034

South America
Key Market Dynamics
South America Black Mass Recycling Market Size Outlook by Type, USD Million, 2021-2034
South America Black Mass Recycling Market Size Outlook by Application, USD Million, 2021-2034
South America Black Mass Recycling Market Size Outlook by Sales Channel, USD Million, 2021-2034
South America Black Mass Recycling Market Size Outlook by Country, USD Million, 2021-2034

Middle East and Africa
Key Market Dynamics
Middle East and Africa Black Mass Recycling Market Size Outlook by Type, USD Million, 2021-2034
Middle East and Africa Black Mass Recycling Market Size Outlook by Application, USD Million, 2021-2034
Middle East and Africa Black Mass Recycling Market Size Outlook by Sales Channel, USD Million, 2021-2034
Middle East and Africa Black Mass Recycling Market Size Outlook by Country, USD Million, 2021-2034


10. United States Black Mass Recycling Market Analysis and Outlook, 2021- 2034
Key Statistics
United States Black Mass Recycling Market Size Outlook by Type, 2021- 2034
United States Black Mass Recycling Market Size Outlook by Application, 2021- 2034
United States Black Mass Recycling Market Size Outlook by End-User, 2021- 2034

11. Canada Black Mass Recycling Market Analysis and Outlook, 2021- 2034
Key Statistics
Canada Black Mass Recycling Market Size Outlook by Type, 2021- 2034
Canada Black Mass Recycling Market Size Outlook by Application, 2021- 2034
Canada Black Mass Recycling Market Size Outlook by End-User, 2021- 2034

12. Mexico Black Mass Recycling Market Analysis and Outlook, 2021- 2034
Key Statistics
Mexico Black Mass Recycling Market Size Outlook by Type, 2021- 2034
Mexico Black Mass Recycling Market Size Outlook by Application, 2021- 2034
Mexico Black Mass Recycling Market Size Outlook by End-User, 2021- 2034

13. Germany Black Mass Recycling Market Analysis and Outlook, 2021- 2034
Key Statistics
Germany Black Mass Recycling Market Size Outlook by Type, 2021- 2034
Germany Black Mass Recycling Market Size Outlook by Application, 2021- 2034
Germany Black Mass Recycling Market Size Outlook by End-User, 2021- 2034

14. France Black Mass Recycling Market Analysis and Outlook, 2021- 2034
Key Statistics
France Black Mass Recycling Market Size Outlook by Type, 2021- 2034
France Black Mass Recycling Market Size Outlook by Application, 2021- 2034
France Black Mass Recycling Market Size Outlook by End-User, 2021- 2034

15. United Kingdom Black Mass Recycling Market Analysis and Outlook, 2021- 2034
Key Statistics
United Kingdom Black Mass Recycling Market Size Outlook by Type, 2021- 2034
United Kingdom Black Mass Recycling Market Size Outlook by Application, 2021- 2034
United Kingdom Black Mass Recycling Market Size Outlook by End-User, 2021- 2034

16. Spain Black Mass Recycling Market Analysis and Outlook, 2021- 2034
Key Statistics
Spain Black Mass Recycling Market Size Outlook by Type, 2021- 2034
Spain Black Mass Recycling Market Size Outlook by Application, 2021- 2034
Spain Black Mass Recycling Market Size Outlook by End-User, 2021- 2034

17. Italy Black Mass Recycling Market Analysis and Outlook, 2021- 2034
Key Statistics
Italy Black Mass Recycling Market Size Outlook by Type, 2021- 2034
Italy Black Mass Recycling Market Size Outlook by Application, 2021- 2034
Italy Black Mass Recycling Market Size Outlook by End-User, 2021- 2034

18. Benelux Black Mass Recycling Market Analysis and Outlook, 2021- 2034
Key Statistics
Benelux Black Mass Recycling Market Size Outlook by Type, 2021- 2034
Benelux Black Mass Recycling Market Size Outlook by Application, 2021- 2034
Benelux Black Mass Recycling Market Size Outlook by End-User, 2021- 2034

19. Nordic Black Mass Recycling Market Analysis and Outlook, 2021- 2034
Key Statistics
Nordic Black Mass Recycling Market Size Outlook by Type, 2021- 2034
Nordic Black Mass Recycling Market Size Outlook by Application, 2021- 2034
Nordic Black Mass Recycling Market Size Outlook by End-User, 2021- 2034

20. Rest of Europe Black Mass Recycling Market Analysis and Outlook, 2021- 2034
Key Statistics
Rest of Europe Black Mass Recycling Market Size Outlook by Type, 2021- 2034
Rest of Europe Black Mass Recycling Market Size Outlook by Application, 2021- 2034
Rest of Europe Black Mass Recycling Market Size Outlook by End-User, 2021- 2034

21. China Black Mass Recycling Market Analysis and Outlook, 2021- 2034
Key Statistics
China Black Mass Recycling Market Size Outlook by Type, 2021- 2034
China Black Mass Recycling Market Size Outlook by Application, 2021- 2034
China Black Mass Recycling Market Size Outlook by End-User, 2021- 2034

22. India Black Mass Recycling Market Analysis and Outlook, 2021- 2034
Key Statistics
India Black Mass Recycling Market Size Outlook by Type, 2021- 2034
India Black Mass Recycling Market Size Outlook by Application, 2021- 2034
India Black Mass Recycling Market Size Outlook by End-User, 2021- 2034

23. Japan Black Mass Recycling Market Analysis and Outlook, 2021- 2034
Key Statistics
Japan Black Mass Recycling Market Size Outlook by Type, 2021- 2034
Japan Black Mass Recycling Market Size Outlook by Application, 2021- 2034
Japan Black Mass Recycling Market Size Outlook by End-User, 2021- 2034

24. South Korea Black Mass Recycling Market Analysis and Outlook, 2021- 2034
Key Statistics
South Korea Black Mass Recycling Market Size Outlook by Type, 2021- 2034
South Korea Black Mass Recycling Market Size Outlook by Application, 2021- 2034
South Korea Black Mass Recycling Market Size Outlook by End-User, 2021- 2034

25. Australia Black Mass Recycling Market Analysis and Outlook, 2021- 2034
Key Statistics
Australia Black Mass Recycling Market Size Outlook by Type, 2021- 2034
Australia Black Mass Recycling Market Size Outlook by Application, 2021- 2034
Australia Black Mass Recycling Market Size Outlook by End-User, 2021- 2034

26. South East Asia Black Mass Recycling Market Analysis and Outlook, 2021- 2034
Key Statistics
South East Asia Black Mass Recycling Market Size Outlook by Type, 2021- 2034
South East Asia Black Mass Recycling Market Size Outlook by Application, 2021- 2034
South East Asia Black Mass Recycling Market Size Outlook by End-User, 2021- 2034

27. Rest of Asia Pacific Black Mass Recycling Market Analysis and Outlook, 2021- 2034
Key Statistics
Rest of Asia Pacific Black Mass Recycling Market Size Outlook by Type, 2021- 2034
Rest of Asia Pacific Black Mass Recycling Market Size Outlook by Application, 2021- 2034
Rest of Asia Pacific Black Mass Recycling Market Size Outlook by End-User, 2021- 2034

28. Brazil Black Mass Recycling Market Analysis and Outlook, 2021- 2034
Key Statistics
Brazil Black Mass Recycling Market Size Outlook by Type, 2021- 2034
Brazil Black Mass Recycling Market Size Outlook by Application, 2021- 2034
Brazil Black Mass Recycling Market Size Outlook by End-User, 2021- 2034

29. Argentina Black Mass Recycling Market Analysis and Outlook, 2021- 2034
Key Statistics
Argentina Black Mass Recycling Market Size Outlook by Type, 2021- 2034
Argentina Black Mass Recycling Market Size Outlook by Application, 2021- 2034
Argentina Black Mass Recycling Market Size Outlook by End-User, 2021- 2034

30. Rest of South America Black Mass Recycling Market Analysis and Outlook, 2021- 2034
Key Statistics
Rest of South America Black Mass Recycling Market Size Outlook by Type, 2021- 2034
Rest of South America Black Mass Recycling Market Size Outlook by Application, 2021- 2034
Rest of South America Black Mass Recycling Market Size Outlook by End-User, 2021- 2034

31. United Arab Emirates Black Mass Recycling Market Analysis and Outlook, 2021- 2034
Key Statistics
United Arab Emirates Black Mass Recycling Market Size Outlook by Type, 2021- 2034
United Arab Emirates Black Mass Recycling Market Size Outlook by Application, 2021- 2034
United Arab Emirates Black Mass Recycling Market Size Outlook by End-User, 2021- 2034

32. Saudi Arabia Black Mass Recycling Market Analysis and Outlook, 2021- 2034
Key Statistics
Saudi Arabia Black Mass Recycling Market Size Outlook by Type, 2021- 2034
Saudi Arabia Black Mass Recycling Market Size Outlook by Application, 2021- 2034
Saudi Arabia Black Mass Recycling Market Size Outlook by End-User, 2021- 2034

33. Rest of Middle East Black Mass Recycling Market Analysis and Outlook, 2021- 2034
Key Statistics
Rest of Middle East Black Mass Recycling Market Size Outlook by Type, 2021- 2034
Rest of Middle East Black Mass Recycling Market Size Outlook by Application, 2021- 2034
Rest of Middle East Black Mass Recycling Market Size Outlook by End-User, 2021- 2034

34. South Africa Black Mass Recycling Market Analysis and Outlook, 2021- 2034
Key Statistics
South Africa Black Mass Recycling Market Size Outlook by Type, 2021- 2034
South Africa Black Mass Recycling Market Size Outlook by Application, 2021- 2034
South Africa Black Mass Recycling Market Size Outlook by End-User, 2021- 2034

35. Rest of Africa Black Mass Recycling Market Analysis and Outlook, 2021- 2034
Key Statistics
Rest of Africa Black Mass Recycling Market Size Outlook by Type, 2021- 2034
Rest of Africa Black Mass Recycling Market Size Outlook by Application, 2021- 2034
Rest of Africa Black Mass Recycling Market Size Outlook by End-User, 2021- 2034

36. Key Companies
Market Share Analysis
Akkuser Oy
Aqua Metals Inc
BASF SE
Cirba Solutions
Contemporary Amperex Technology Co. Ltd
Duesenfeld GmbH
Fortum
Glencore
Li-CycleCorp
Lithion Technologies
Metso
RecycLiCo Battery Materials
Redwood Materials
Tenova S.p.A.
Umicore
Company Benchmarking
Financial Analysis

37. Recent Market Developments

38. Appendix
Looking Ahead
Research Methodology
Legal Disclaimer

By Battery
Lithium-Ion Batteries
Nickel-Based Batteries
By Recovered Metal
Nickel
Cobalt
Lithium
Copper
Manganese
Others
By Recycling Process
Hydrometallurgical Process
Pyrometallurgical Process
Others
By Battery Source
Automotive Batteries
Industrial Batteries
Consumer Electronic Batteries
Power Batteries
Marine Batteries
Others