PUBLISHER: Grand View Research | PRODUCT CODE: 1771581
PUBLISHER: Grand View Research | PRODUCT CODE: 1771581
U.S. Black Mass Recycling Market Size, Share & Trends Analysis Report By Battery Type, By Battery Source, By Recovered Metals, And Segment Forecasts, 2025 - 2033
U.S. Black Mass Recycling Market Summary
The U.S. black mass recycling market size was valued at USD 1.16 billion in 2024 and is projected to reach USD 4.75 billion by 2033, growing at a CAGR of 17.2% from 2025 to 2033. Upward trend in battery disposal creates consistent feedstock for black mass recycling facilities, thus driving market growth in the U.S.
The deployment of battery-electric vehicles in the U.S. accelerated in 2024, with automakers scaling production to meet rising consumer and regulatory demands. Companies such as Tesla, Ford, and General Motors significantly ramped domestic EV output, contributing to the expanding EV ecosystem. This surge in production naturally resulted in a larger volume of lithium-ion batteries reaching end-of-life, either through vehicle retirement or manufacturing scrap. As a result, the availability of black mass, comprising valuable battery metals like lithium, cobalt, and nickel, increased substantially.
U.S.-based black mass recyclers have responded with large-scale infrastructure expansion and capital-intensive projects. Redwood Materials announced that by 2026, it aims to produce 100 GWh of cathode-active materials annually, enough to power over one million EVs, using recovered minerals from the black mass. Ascend Elements also advanced its position in 2024 by constructing a USD 65 million recycling facility in Hopkinsville, Kentucky. This plant is projected to process up to 24,000 metric tons of lithium-ion battery material annually. These developments indicate a strategic move towards scaling operations, improving recycling efficiency, and capturing value from a growing domestic battery waste stream.
Government support strengthened the momentum in 2024, particularly through financial incentives and loan guarantees. Redwood Materials secured a USD 2 billion loan from the Department of Energy's Advanced Technology Vehicles Manufacturing program to expand its Nevada-based recycling facility. This governmental backing mitigates financial risk for recycling companies and provides the liquidity needed to expand processing capacities and technologies. Such federal involvement reflects broader national efforts to localize critical mineral supply chains and reduce dependency on overseas sources, particularly amid geopolitical supply risks tied to materials like cobalt and lithium.
A critical enabler of market stability has been the formation of closed-loop partnerships between recyclers and original equipment manufacturers (OEMs). Redwood Materials' collaborations with Toyota and Panasonic ensured a reliable stream of battery production scrap and end-of-life batteries for processing. Similarly, Ascend Elements partnered with SK Ecoplant to convert recycled black mass into high-value cathode precursor materials. These agreements ensure recyclers can access consistent input material and help automakers meet sustainability goals by reintegrating recovered minerals into new battery production. Establishing such loops is pivotal to building a circular economy for battery materials within the U.S.
Lastly, stringent regulatory frameworks and rising environmental, social, and governance (ESG) expectations continue to play a central role in 2024. The Inflation Reduction Act (IRA) and other federal and state-level initiatives incentivize domestic recycling and penalize environmentally harmful disposal practices. With increased scrutiny on battery end-of-life management, U.S. recyclers are positioned as essential contributors to a lower-carbon EV supply chain. These policy levers encourage industrial investment and ensure that black mass recycling aligns with broader goals of clean energy transition, resource independence, and long-term sustainability.
U.S. Black Mass Recycling Market Report Segmentation
This report forecasts revenue and volume growth at the country level and analyzes the latest industry trends in each of the sub-segments from 2021 to 2033. For the purpose of this study, Grand View Research has segmented the U.S. black mass recycling market report by battery type, battery source, and recovered metal.
- Battery Type Outlook (Revenue, USD Million; Volume, Kilotons; 2021 - 2033)
- Lithium-Ion Batteries
- Nickel-Based Batteries
- Battery Source Outlook (Revenue, USD Million; Volume, Kilotons; 2021 - 2033)
- Automotive Batteries
- Consumer Electronics
- Industrial Batteries
- Others
- Recovered Metal Outlook (Revenue, USD Million; Volume, Kilotons; 2021 - 2033)
- Nickel
- Cobalt
- Lithium
- Copper
- Others
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Information Analysis
- 1.3.2. Data Analysis Models
- 1.3.3. Market Formulation & Data Visualization
- 1.3.4. Data Validation & Publishing
- 1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segmental Outlook
- 2.3. Competitive Outlook
Chapter 3. Market Variables, Trends, and Scope
- 3.1. Global Black Mass Recycling Market Outlook
- 3.2. Industry Value Chain Analysis
- 3.2.1. Sales Channel Analysis
- 3.3. Technology Overview
- 3.4. Regulatory Framework
- 3.5. Market Dynamics
- 3.5.1. Market Driver Analysis
- 3.5.2. Market Restraint Analysis
- 3.6. Industry Trends
- 3.6.1. ESG Analysis
- 3.6.2. Economic Trends
- 3.7. Porter's Five Forces Analysis
- 3.7.1. Bargaining Power of Suppliers
- 3.7.2. Bargaining Power of Buyers
- 3.7.3. Threat of Substitution
- 3.7.4. Threat of New Entrants
- 3.7.5. Competitive Rivalry
- 3.8. PESTLE Analysis
- 3.8.1. Political
- 3.8.2. Economic
- 3.8.3. Social Landscape
- 3.8.4. Technology
- 3.8.5. Environmental
- 3.8.6. Legal
Chapter 4. U.S. Black Mass Recycling Market: Battery Type Estimates & Trend Analysis
- 4.1. U.S. Black Mass Recycling Market: Battery Type Movement Analysis, 2024 & 2033
- 4.2. Lithium-Ion Batteries
- 4.2.1. Market estimates and forecasts, 2021 - 2033 (USD Million) (Kilotons)
- 4.3. Nickel-Based Batteries
- 4.3.1. Market estimates and forecasts, 2021 - 2033 (USD Million) (Kilotons)
Chapter 5. U.S. Black Mass Recycling Market: Battery Source Estimates & Trend Analysis
- 5.1. U.S. Black Mass Recycling Market: Battery Source Movement Analysis, 2024 & 2033
- 5.2. Automotive Batteries
- 5.2.1. Market estimates and forecasts, 2021 - 2033 (USD Million) (Kilotons)
- 5.3. Consumer Electronics
- 5.3.1. Market estimates and forecasts, 2021 - 2033 (USD Million) (Kilotons)
- 5.4. Industrial Batteries
- 5.4.1. Market estimates and forecasts, 2021 - 2033 (USD Million) (Kilotons)
- 5.5. Others
- 5.5.1. Market estimates and forecasts, 2021 - 2033 (USD Million) (Kilotons)
Chapter 6. U.S. Black Mass Recycling Market: Recovered Metals Estimates & Trend Analysis
- 6.1. U.S. Black Mass Recycling Market: Recovered Metals Movement Analysis, 2024 & 2033
- 6.2. Nickel
- 6.2.1. Market estimates and forecasts, 2021 - 2033 (USD Million) (Kilotons)
- 6.3. Cobalt
- 6.3.1. Market estimates and forecasts, 2021 - 2033 (USD Million) (Kilotons)
- 6.4. Lithium
- 6.4.1. Market estimates and forecasts, 2021 - 2033 (USD Million) (Kilotons)
- 6.5. Copper
- 6.5.1. Market estimates and forecasts, 2021 - 2033 (USD Million) (Kilotons)
- 6.6. Others
- 6.6.1. Market estimates and forecasts, 2021 - 2033 (USD Million) (Kilotons)
Chapter 7. Competitive Landscape
- 7.1. Recent Developments & Impact Analysis, By Key Market Participants
- 7.2. Company Categorization
- 7.3. Heat Map Analysis
- 7.4. Vendor Landscape
- 7.4.1. List of distributors
- 7.5. List of prospective end-users
- 7.6. Strategy Initiatives
- 7.7. Company Profiles/Listing
- 7.7.1. Redwood Materials Inc.
- 7.7.1.1. Company Overview
- 7.7.1.2. Financial Performance
- 7.7.1.3. Product Benchmarking
- 7.7.2. Ascend Elements, Inc.
- 7.7.2.1. Company Overview
- 7.7.2.2. Financial Performance
- 7.7.2.3. Product Benchmarking
- 7.7.3. American Battery Technology Company
- 7.7.3.1. Company Overview
- 7.7.3.2. Financial Performance
- 7.7.3.3. Product Benchmarking
- 7.7.4. Aqua Metals, Inc.
- 7.7.4.1. Company Overview
- 7.7.4.2. Financial Performance
- 7.7.4.3. Product Benchmarking
- 7.7.5. RecycLiCo Battery Materials Inc.
- 7.7.5.1. Company Overview
- 7.7.5.2. Financial Performance
- 7.7.5.3. Product Benchmarking
- 7.7.6. Retrieve
- 7.7.6.1. Company Overview
- 7.7.6.2. Financial Performance
- 7.7.6.3. Product Benchmarking
- 7.7.7. Green Li-ion Pte Ltd.
- 7.7.7.1. Company Overview
- 7.7.7.2. Financial Performance
- 7.7.7.3. Product Benchmarking
- 7.7.8. Lifecycle Renewables
- 7.7.8.1. Company Overview
- 7.7.8.2. Financial Performance
- 7.7.8.3. Product Benchmarking
- 7.7.9. Elemental Holding S.A.
- 7.7.9.1. Company Overview
- 7.7.9.2. Financial Performance
- 7.7.9.3. Product Benchmarking
- 7.7.10. ECOBAT
- 7.7.10.1. Company Overview
- 7.7.10.2. Financial Performance
- 7.7.10.3. Product Benchmarking
- 7.7.1. Redwood Materials Inc.
List of Tables
- Table 1 U.S. black mass recycling market estimates & forecasts, 2021 - 2033 (USD Million) (Kilotons)
- Table 2 U.S. black mass recycling market estimates and forecasts, by lithium ion batteries, 2021 - 2033 (USD Million) (Kilotons)
- Table 3 U.S. black mass recycling market estimates and forecasts, by nickel-based batteries, 2021 - 2033 (USD Million) (Kilotons)
- Table 4 U.S. black mass recycling market estimates and forecasts, by automotive batteries, 2021 - 2033 (USD Million) (Kilotons)
- Table 5 U.S. black mass recycling market estimates and forecasts, by consumer electronics, 2021 - 2033 (USD Million) (Kilotons)
- Table 6 U.S. black mass recycling market estimates and forecasts, by industrial batteries, 2021 - 2033 (USD Million) (Kilotons)
- Table 7 U.S. black mass recycling market estimates and forecasts, by other batteries, 2021 - 2033 (USD Million) (Kilotons)
- Table 8 U.S. black mass recycling market estimates and forecasts, by nickel, 2021 - 2033 (USD Million) (Kilotons)
- Table 9 U.S. black mass recycling market estimates and forecasts, by cobalt, 2021 - 2033 (USD Million) (Kilotons)
- Table 10 U.S. black mass recycling market estimates and forecasts, by lithium, 2021 - 2033 (USD Million) (Kilotons)
- Table 11 U.S. black mass recycling market estimates and forecasts, by copper, 2021 - 2033 (USD Million) (Kilotons)
- Table 12 U.S. black mass recycling market estimates and forecasts, by other metals, 2021 - 2033 (USD Million) (Kilotons)
List of Figures
- Fig. 1 Market segmentation
- Fig. 2 Information procurement
- Fig. 3 Data analysis models
- Fig. 4 Market formulation and validation
- Fig. 5 Market snapshot
- Fig. 6 Segmental outlook
- Fig. 7 Competitive outlook
- Fig. 8 US black mass recycling market outlook, 2021 - 2033 (USD Million) (Kilotons)
- Fig. 9 Value chain analysis
- Fig. 10 Market dynamics
- Fig. 11 Porter's analysis
- Fig. 12 PESTEL analysis
- Fig. 13 U.S. black mass recycling market, by battery source: Key takeaways
- Fig. 14 U.S. black mass recycling market, by battery source: Market share, 2024 & 2033
- Fig. 15 U.S. black mass recycling market, by recovered metal: Key takeaways
- Fig. 16 U.S. black mass recycling market, by recovered metal: Market share, 2024 & 2033
- Fig. 17 U.S. black mass recycling market, by battery type: Key takeaways
- Fig. 18 U.S. black mass recycling market, by battery type: Market share, 2024 & 2033
