The Asia-Pacific black mass recycling market (excluding China) is projected to reach $11,721.6 million by 2031 from $2,133.1 million in 2022, growing at a CAGR of 20.84% during the forecast period 2022-2031. Reprocessing and recovering vital metals from drained lithium-ion batteries is the focus of the rapidly growing black mass recycling market. As electric vehicles gain popularity, the market for these batteries is expected to grow significantly, which will also drive the growth of the black mass market for recycling. The market for black mass recycling is also dominated by a select group of major companies, such as Umicore, BASF SE, Tenova S.p.A., and many more. However, a significant influx of new rivals is predicted to enter the market in the next years, intensifying rivalry and promoting further development and innovation.

KEY MARKET STATISTICS
Forecast Period	2022 - 2031
2022 Evaluation	$2,133.1 Million
2031 Forecast	$11,721.6 Million
CAGR	20.84%

Market Introduction

Black mass recycling offers numerous economic and environmental benefits, which have a significant impact on the sector in the Asia-Pacific (APAC) market. Furthermore, the multitude of advantages it offers-including increased productivity, lower expenses, and a dependable supply of vital metals-have a substantial influence on a number of end-use industries. The increasing adoption of lithium-ion batteries in end-use industries, along with a growing global emphasis on circular economy principles and advancements in recycling technologies aimed at recovering high-performance metals, are driving up demand for black mass powder. Important regions including China, Asia-Pacific, Japan, and Europe are experiencing a marked shift in demand, particularly in the energy and automobile industries.

Market Segmentation

Segmentation 1: by Battery Source

Automotive Batteries
Industrial Batteries
Portable Batteries

Segmentation 2: by Technology

Hydrometallurgy
Pyrometallurgy
Others

Segmentation 3: by Recovered Metal

Nickel
Cobalt
Lithium
Copper
Manganese
Others

Segmentation 4: by Application

Automotive
Consumer Electronics
Energy
Aerospace and Defense
Construction
Others

Segmentation 5: by Country

Japan
India
South Korea
Australia
Rest-of-Asia-Pacific and Japan

How can this report add value to an organization?

Product/Innovation Strategy: The product segment helps the reader understand the different sources from where the batteries are coming for recycling and reaching to their best potential in APAC region. Moreover, the study provides the reader with a detailed understanding of the different battery chemistries and their assortments in different batteries employed in various end-use applications in industries such as aerospace, automotive, energy, and others.

Growth/Marketing Strategy: Business expansions, partnerships, acquisitions, collaborations, and joint ventures are some key strategies adopted by key players operating in this space.

Competitive Strategy: Key players in the Asia-Pacific black mass recycling market analysed and profiled in the study involve black mass recycling providers. Moreover, a detailed competitive benchmarking of the players operating in the Asia-Pacific black mass recycling market has been done to help the reader understand how players stack against each other, presenting a clear market landscape. Additionally, comprehensive competitive strategies such as partnerships, agreements, and collaborations will aid the reader in understanding the untapped revenue pockets in the market.

Key Market Players and Competition Synopsis

The companies that are profiled have been selected based on inputs gathered from primary experts and analysing company coverage, product portfolio, and market penetration.

Some of the prominent names established in this market are:

RUBAMIN
SungEel Hi-Tech. Co., Ltd.
ECOGRAF
Green Li-ion Pte Ltd.

TATA Chemicals Ltd.
ATTERO
Exigo Recycling Pvt. Ltd.

Product Code: MC01535SS

1 Markets

1.1 Industry Outlook
- 1.1.1 Trends: Current and Future
  - 1.1.1.1 Lithium Iron Phosphate (LFP) Batteries to Gain Traction over Nickel Manganese Cobalt (NMC) Batteries
  - 1.1.1.2 Second Life of Batteries and Recycling
- 1.1.2 Supply Chain Analysis
- 1.1.3 Ecosystem/Ongoing Programs
  - 1.1.3.1 Consortiums and Associations
  - 1.1.3.2 Regulatory Bodies
  - 1.1.3.3 Government Programs
  - 1.1.3.4 Programs by Research Institutions and Universities
- 1.1.4 Impact of COVID-19 on the Black Mass Recycling Market
- 1.1.5 Impact of Russia-Ukraine War on Black Mass Recycling Market
- 1.1.6 Analysis of Circular Economy in Battery Lifecycle
- 1.1.7 Snapshot of Lithium-Ion Battery Recycling Market
  - 1.1.7.1 Leading Countries
  - 1.1.7.2 Leading Companies
  - 1.1.7.3 Lithium-Ion Black Mass Recycling Market Projection for the Forecast Period (in Volume)
- 1.1.8 Snapshot of Battery Manufacturing Equipment Market
  - 1.1.8.1 Leading Companies
1.2 Business Dynamics
- 1.2.1 Business Drivers
  - 1.2.1.1 Exponential Increase in Electric Vehicles and Consumer Awareness
  - 1.2.1.2 Rising Metal Prices
  - 1.2.1.3 Government Initiatives with Technological Advancements
- 1.2.2 Business Challenges
  - 1.2.2.1 Broad Array of Battery Chemistries
  - 1.2.2.2 Variations in the Prices of Battery Raw Materials (Lithium and Cobalt)
- 1.2.3 Business Strategies
  - 1.2.3.1 Market Developments
- 1.2.4 Corporate Strategies
  - 1.2.4.1 Partnerships, Collaborations, and Joint Ventures
- 1.2.5 Business Opportunities
  - 1.2.5.1 Generating Lithium Hydroxide
  - 1.2.5.2 Closing the Loop, i.e., Making Batteries from Recyclable Materials
1.3 Start-up Landscape

2 Region

2.1 China
- 2.1.1 Market
  - 2.1.1.1 Buyer Attributes
  - 2.1.1.2 Key Manufacturers/Suppliers in China
  - 2.1.1.3 Business Challenges
  - 2.1.1.4 Business Drivers
- 2.1.2 Application
  - 2.1.2.1 Demand Analysis of China Black Mass Recycling Market (by Application), Volume and Value, 2021-2031
- 2.1.3 Product
  - 2.1.3.1 Demand Analysis of China Black Mass Recycling Market (by Battery Source), Volume and Value, 2021-2031
  - 2.1.3.2 Demand Analysis of China Black Mass Recycling Market (by Technology), Volume and Value, 2021-2031
  - 2.1.3.3 Demand Analysis of China Black Mass Recycling Market (by Recovered Metal), Volume and Value, 2021-2031
2.2 Asia-Pacific and Japan
- 2.2.1 Market
  - 2.2.1.1 Key Manufacturers/Suppliers in Asia-Pacific and Japan
  - 2.2.1.2 Business Challenges
  - 2.2.1.3 Business Drivers
- 2.2.2 Application
  - 2.2.2.1 Demand Analysis of Asia-Pacific and Japan Black Mass Recycling Market (by Application), Volume and Value, 2021-2031
- 2.2.3 Product
  - 2.2.3.1 Demand Analysis of Asia-Pacific and Japan Black Mass Recycling Market (by Battery Source), Volume and Value, 2021-2031
  - 2.2.3.2 Demand Analysis of Asia-Pacific and Japan Black Mass Recycling Market (by Technology), Volume and Value, 2021-2031
  - 2.2.3.3 Demand Analysis of Asia-Pacific and Japan Black Mass Recycling Market (by Recovered Metal), Volume and Value, 2021-2031
- 2.2.4 Asia-Pacific and Japan: Country-Level Analysis
  - 2.2.4.1 Japan
    - 2.2.4.1.1 Market
      - 2.2.4.1.1.1 Buyer Attributes
      - 2.2.4.1.1.2 Key Manufacturers/Suppliers in Japan
      - 2.2.4.1.1.3 Business Challenges
      - 2.2.4.1.1.4 Business Drivers
    - 2.2.4.1.2 Application
      - 2.2.4.1.2.1 Demand Analysis of Japan Black Mass Recycling Market (by Application), Volume and Value, 2021-2031
    - 2.2.4.1.3 Product
      - 2.2.4.1.3.1 Demand Analysis of Japan Black Mass Recycling Market (by Battery Source), Volume and Value, 2021-2031
      - 2.2.4.1.3.2 Demand Analysis of Japan Black Mass Recycling Market (by Technology), Volume and Value, 2021-2031
      - 2.2.4.1.3.3 Demand Analysis of Japan Black Mass Recycling Market (by Recovered Metal), Volume and Value, 2021-2031
  - 2.2.4.2 South Korea
    - 2.2.4.2.1 Market
      - 2.2.4.2.1.1 Buyer Attributes
      - 2.2.4.2.1.2 Key Manufacturers/Suppliers in South Korea
      - 2.2.4.2.1.3 Business Challenges
      - 2.2.4.2.1.4 Business Drivers
    - 2.2.4.2.2 Application
      - 2.2.4.2.2.1 Demand Analysis of South Korea Black Mass Recycling Market (by Application), Volume and Value, 2021-2031
    - 2.2.4.2.3 Product
      - 2.2.4.2.3.1 Demand Analysis of South Korea Black Mass Recycling Market (by Battery Source), Volume and Value, 2021-2031
      - 2.2.4.2.3.2 Demand Analysis of South Korea Black Mass Recycling Market (by Technology), Volume and Value, 2021-2031
      - 2.2.4.2.3.3 Demand Analysis of South Korea Black Mass Recycling Market (by Recovered Metal), Volume and Value, 2021-2031
  - 2.2.4.3 India
    - 2.2.4.3.1 Market
      - 2.2.4.3.1.1 Buyer Attributes
      - 2.2.4.3.1.2 Key Manufacturers/Suppliers in India
      - 2.2.4.3.1.3 Business Challenges
      - 2.2.4.3.1.4 Business Drivers
    - 2.2.4.3.2 Application
      - 2.2.4.3.2.1 Demand Analysis of India Black Mass Recycling Market (by Application), Volume and Value, 2021-2031
    - 2.2.4.3.3 Product
      - 2.2.4.3.3.1 Demand Analysis of India Black Mass Recycling Market (by Battery Source), Volume and Value, 2021-2031
      - 2.2.4.3.3.2 Demand Analysis of India Black Mass Recycling Market (by Technology), Volume and Value, 2021-2031
      - 2.2.4.3.3.3 Demand Analysis of India Black Mass Recycling Market (by Recovered Metal), Volume and Value, 2021-2031
  - 2.2.4.4 Australia
    - 2.2.4.4.1 Market
      - 2.2.4.4.1.1 Buyer Attributes
      - 2.2.4.4.1.2 Key Manufacturers/Suppliers in Australia
      - 2.2.4.4.1.3 Business Challenges
      - 2.2.4.4.1.4 Business Drivers
    - 2.2.4.4.2 Application
      - 2.2.4.4.2.1 Demand Analysis of Australia Black Mass Recycling Market (by Application), Volume and Value, 2021-2031
    - 2.2.4.4.3 Product
      - 2.2.4.4.3.1 Demand Analysis of Australia Black Mass Recycling Market (by Battery Source), Volume and Value, 2021-2031
      - 2.2.4.4.3.2 Demand Analysis of Australia Black Mass Recycling Market (by Technology), Volume and Value, 2021-2031
      - 2.2.4.4.3.3 Demand Analysis of Australia Black Mass Recycling Market (by Recovered Metal), Volume and Value, 2021-2031
  - 2.2.4.5 Rest-of-Asia-Pacific and Japan
    - 2.2.4.5.1 Market
      - 2.2.4.5.1.1 Buyer Attributes
      - 2.2.4.5.1.2 Key Manufacturers/Suppliers in the Rest-of-Asia-Pacific and Japan
      - 2.2.4.5.1.3 Business Challenges
      - 2.2.4.5.1.4 Business Drivers
    - 2.2.4.5.2 Application
      - 2.2.4.5.2.1 Demand Analysis of Rest-of-Asia-Pacific and Japan Black Mass Recycling Market (by Application), Volume and Value, 2021-2031
    - 2.2.4.5.3 Product
      - 2.2.4.5.3.1 Demand Analysis of Rest-of-Asia-Pacific and Japan Black Mass Recycling Market (by Battery Source), Volume and Value, 2021-2031
      - 2.2.4.5.3.2 Demand Analysis of Rest-of-Asia-Pacific and Japan Black Mass Recycling Market (by Technology), Volume and Value, 2021-2031
      - 2.2.4.5.3.3 Demand Analysis of Rest-of-Asia-Pacific and Japan Black Mass Recycling Market (by Recovered Metal), Volume and Value, 2021-2031

3 Markets - Competitive Benchmarking & Company Profiles

3.1 Competitive Benchmarking
- 3.1.1 Competitive Positioning Matrix
- 3.1.2 Market Share Analysis
- 3.1.3 Product Matrix of Key Companies
3.2 Company Profiles
- 3.2.1 RUBAMIN
  - 3.2.1.1 Company Overview
    - 3.2.1.1.1 Role of RUBAMIN in the Black Mass Recycling Market
      - 3.2.1.1.1.1 Product Portfolio
    - 3.2.1.1.2 Business Strategies
      - 3.2.1.1.2.1 Market Development
    - 3.2.1.1.3 Analyst View
- 3.2.2 SungEel Hi-Tech. Co., Ltd.
  - 3.2.2.1 Company Overview
    - 3.2.2.1.1 Role of SungEel Hi-Tech. Co., Ltd. in the Black Mass Recycling Market
      - 3.2.2.1.1.1 Product Portfolio
    - 3.2.2.1.2 Business Strategies
      - 3.2.2.1.2.1 Market Development
    - 3.2.2.1.3 Corporate Strategies
      - 3.2.2.1.3.1 Partnerships, Collaborations, and Joint Ventures
    - 3.2.2.1.4 Analyst View
- 3.2.3 ECOGRAF
  - 3.2.3.1 Company Overview
    - 3.2.3.1.1 Role of ECOGRAF in the Black Mass Recycling Market
    - 3.2.3.1.2 Product Portfolio
    - 3.2.3.1.3 Business Strategies
      - 3.2.3.1.3.1 Market Development
    - 3.2.3.1.4 Corporate Strategies
      - 3.2.3.1.4.1 Partnerships, Collaborations, and Joint Ventures
    - 3.2.3.1.5 Analyst View
- 3.2.4 Green Li-ion Pte Ltd.
  - 3.2.4.1 Company Overview
    - 3.2.4.1.1 Role of Green Li-ion Pte Ltd. in the Black Mass Recycling Market
    - 3.2.4.1.2 Product Portfolio
    - 3.2.4.1.3 Business Strategies
      - 3.2.4.1.3.1 Market Development
    - 3.2.4.1.4 Analyst View
- 3.2.5 TATA Chemicals Ltd.
  - 3.2.5.1 Company Overview
    - 3.2.5.1.1 Role of TATA Chemicals Ltd. in the Black Mass Recycling Market
    - 3.2.5.1.2 Product Portfolio
    - 3.2.5.1.3 Analyst View
- 3.2.6 ATTERO
  - 3.2.6.1 Company Overview
    - 3.2.6.1.1 Role of ATTERO in the Black Mass Recycling Market
      - 3.2.6.1.1.1 Product Portfolio
    - 3.2.6.1.2 Business Strategies
      - 3.2.6.1.2.1 Market Development
    - 3.2.6.1.3 Analyst View
- 3.2.7 Exigo Recycling Pvt. Ltd.
  - 3.2.7.1 Company Overview
    - 3.2.7.1.1 Role of Exigo Recycling Pvt. Ltd. in the Black Mass Recycling Market
      - 3.2.7.1.1.1 Product Portfolio
    - 3.2.7.1.2 Analyst View

4 Research Methodology

4.1 Primary Data Sources
4.2 Secondary Data Sources
4.3 Top-Down and Bottom-Up Approach
4.4 Assumptions and Limitations

Product Code: MC01535SS

List of Figures

Figure 1: Black Mass Recycling Market Snapshot, $Million, 2021, 2022, and 2031
Figure 2: Black Mass Recycling Market (by Application), $Million, 2021 and 2031
Figure 3: Black Mass Recycling Market (by Battery Source), $Million, 2021 and 2031
Figure 4: Black Mass Recycling Market (by Technology), $Million, 2021 and 2031
Figure 5: Black Mass Recycling Market (by Recovered Metal), $Million, 2021 and 2031
Figure 6: Black Mass Recycling Market (by Region), $Million, 2021 and 2031
Figure 7: Supply Chain Analysis for Black Mass Recycling Market
Figure 8: Circular Lifecycle for Battery
Figure 9: Lithium-Ion Battery Recycling Market Snapshot
Figure 10: Black Mass Recycling Market: Business Dynamics
Figure 11: Share of Market Developments (by Company), January 2019-February 2023
Figure 12: Share of Partnerships, Collaborations, and Joint Ventures (by Company), January 2019-February 2023
Figure 13: Competitive Positioning Matrix, 2021
Figure 14: Research Methodology
Figure 15: Top-Down and Bottom-Up Approach
Figure 16: Influencing Factors of the Black Mass Recycling Market
Figure 17: Assumptions and Limitations

List of Tables

Table 1: List of Consortiums and Associations
Table 2: List of Regulatory Bodies
Table 3: List of Government Programs
Table 4: List of Programs by Research Institutions and Universities
Table 5: List of Key Market Developments, January 2019-February 2023
Table 6: List of Key Partnerships, Collaborations, and Joint Ventures (by Company), January 2019-February 2023
Table 7: List of Key Start-Ups in the Ecosystem
Table 8: Black Mass Recycling Market (by Region), Kilo Tons, 2021-2031
Table 9: Black Mass Recycling Market (by Region), $Million, 2021-2031
Table 10: China Black Mass Recycling Market (by Application), Kilo Tons, 2021-2031
Table 11: China Black Mass Recycling Market (by Application), $Million, 2021-2031
Table 12: China Black Mass Recycling Market (by Battery Source), Kilo Tons, 2021-2031
Table 13: China Black Mass Recycling Market (by Battery Source), $Million, 2021-2031
Table 14: China Black Mass Recycling Market (by Technology), Kilo Tons, 2021-2031
Table 15: China Black Mass Recycling Market (by Technology), $Million, 2021-2031
Table 16: China Black Mass Recycling Market (by Recovered Metal), Kilo Tons, 2021-2031
Table 17: China Black Mass Recycling Market (by Recovered Metal), $Million, 2021-2031
Table 18: Asia-Pacific and Japan Black Mass Recycling Market (by Application), Kilo Tons, 2021-2031
Table 19: Asia-Pacific and Japan Black Mass Recycling Market (by Application), $Million, 2021-2031
Table 20: Asia-Pacific and Japan Black Mass Recycling Market (by Battery Source), Kilo Tons, 2021-2031
Table 21: Asia-Pacific and Japan Black Mass Recycling Market (by Battery Source), $Million, 2021-2031
Table 22: Asia-Pacific and Japan Black Mass Recycling Market (by Technology), Kilo Tons, 2021-2031
Table 23: Asia-Pacific and Japan Black Mass Recycling Market (by Technology), $Million, 2021-2031
Table 24: Asia-Pacific and Japan Black Mass Recycling Market (by Recovered Metal), Kilo Tons, 2021-2031
Table 25: Asia-Pacific and Japan Black Mass Recycling Market (by Recovered Metal), $Million, 2021-2031
Table 26: Japan Black Mass Recycling Market (by Application), Kilo Tons, 2021-2031
Table 27: Japan Black Mass Recycling Market (by Application), $Million, 2021-2031
Table 28: Japan Black Mass Recycling Market (by Battery Source), Kilo Tons, 2021-2031
Table 29: Japan Black Mass Recycling Market (by Battery Source), $Million, 2021-2031
Table 30: Japan Black Mass Recycling Market (by Technology), Kilo Tons, 2021-2031
Table 31: Japan Black Mass Recycling Market (by Technology), $Million, 2021-2031
Table 32: Japan Black Mass Recycling Market (by Recovered Metal), Kilo Tons, 2021-2031
Table 33: Japan Black Mass Recycling Market (by Recovered Metal), $Million, 2021-2031
Table 34: South Korea Black Mass Recycling Market (by Application), Kilo Tons, 2021-2031
Table 35: South Korea Black Mass Recycling Market (by Application), $Million, 2021-2031
Table 36: South Korea Black Mass Recycling Market (by Battery Source), Kilo Tons, 2021-2031
Table 37: South Korea Black Mass Recycling Market (by Battery Source), $Million, 2021-2031
Table 38: South Korea Black Mass Recycling Market (by Technology), Kilo Tons, 2021-2031
Table 39: South Korea Black Mass Recycling Market (by Technology), $Million, 2021-2031
Table 40: South Korea Black Mass Recycling Market (by Recovered Metal), Kilo Tons, 2021-2031
Table 41: South Korea Black Mass Recycling Market (by Recovered Metal), $Million, 2021-2031
Table 42: India Black Mass Recycling Market (by Application), Kilo Tons, 2021-2031
Table 43: India Black Mass Recycling Market (by Application), $Million, 2021-2031
Table 44: India Black Mass Recycling Market (by Battery Source), Kilo Tons, 2021-2031
Table 45: India Black Mass Recycling Market (by Battery Source), $Million, 2021-2031
Table 46: India Black Mass Recycling Market (by Technology), Kilo Tons, 2021-2031
Table 47: India Black Mass Recycling Market (by Technology), $Million, 2021-2031
Table 48: India Black Mass Recycling Market (by Recovered Metal), Kilo Tons, 2021-2031
Table 49: India Black Mass Recycling Market (by Recovered Metal), $Million, 2021-2031
Table 50: Australia Black Mass Recycling Market (by Application), Kilo Tons, 2021-2031
Table 51: Australia Black Mass Recycling Market (by Application), $Million, 2021-2031
Table 52: Australia Black Mass Recycling Market (by Battery Source), Kilo Tons, 2021-2031
Table 53: Australia Black Mass Recycling Market (by Battery Source), $Million, 2021-2031
Table 54: Australia Black Mass Recycling Market (by Technology), Kilo Tons, 2021-2031
Table 55: Australia Black Mass Recycling Market (by Technology), $Million, 2021-2031
Table 56: Australia Black Mass Recycling Market (by Recovered Metal), Kilo Tons, 2021-2031
Table 57: Australia Black Mass Recycling Market (by Recovered Metal), $Million, 2021-2031
Table 58: Rest-of-Asia-Pacific and Japan Black Mass Recycling Market (by Application), Kilo Tons, 2021-2031
Table 59: Rest-of-Asia-Pacific and Japan Black Mass Recycling Market (by Application), $Million, 2021-2031
Table 60: Rest-of-Asia-Pacific and Japan Black Mass Recycling Market (by Battery Source), Kilo Tons, 2021-2031
Table 61: Rest-of-Asia-Pacific and Japan Black Mass Recycling Market (by Battery Source), $Million, 2021-2031
Table 62: Rest-of-Asia-Pacific and Japan Black Mass Recycling Market (by Technology), Kilo Tons, 2021-2031
Table 63: Rest-of-Asia-Pacific and Japan Black Mass Recycling Market (by Technology), $Million, 2021-2031
Table 64: Rest-of-Asia-Pacific and Japan Black Mass Recycling Market (by Recovered Metal), Kilo Tons, 2021-2031
Table 65: Rest-of-Asia-Pacific and Japan Black Mass Recycling Market (by Recovered Metal), $Million, 2021-2031
Table 66: Market Share Analysis, Black Mass Recycling Market (by Key Company), 2021
Table 67: Product Matrix, Black Mass Recycling Market (by Key Company), 2021
Table 68: RUBAMIN: Product Portfolio
Table 69: SungEel Hi-Tech. Co., Ltd. Co., Ltd: Product Portfolio
Table 70: ECOGRAF: Product Portfolio
Table 71: Green Li-ion Pte Ltd.: Product Portfolio
Table 72: TATA Chemicals Ltd.: Product Portfolio
Table 73: ATTERO: Product Portfolio
Table 74: Exigo Recycling Pvt. Ltd.: Product Portfolio