Press release
Black Mass Recycling Market to be Worth $8.87 Billion by 2030: Industry Overview
According to the latest publication from Meticulous Research®, the global Black Mass Recycling Market is forecasted to achieve a valuation of $8.87 billion by 2030, growing at a robust compound annual growth rate (CAGR) of 19.1% over the forecast period from 2024 to 2030. This significant growth trajectory is attributed to several key factors, including advancements in recycling technologies, governmental support, and the increasing need for effective disposal of used batteries.Request For Sample Report: https://www.meticulousresearch.com/request-sample-report/cp_id=5725
Market Growth Drivers:
The black mass recycling market's expansion is primarily fueled by government initiatives aimed at promoting technological advancements in recycling, alongside a rising need to manage battery disposal effectively. Increased battery manufacturing and government incentives for recycling are also pivotal in driving market growth. The emphasis on recovering valuable materials from used batteries further supports the market's upward trajectory, creating substantial opportunities during the forecast period.
Challenges and Trends:
Despite its promising growth prospects, the market faces challenges including inadequate recycling infrastructure and fluctuations in the prices of raw materials used in batteries. The diverse array of battery chemistries presents additional complexities for industry stakeholders. However, notable trends such as advancements in recycling technologies and increasing investments in lithium-ion battery recycling, particularly in emerging markets, are expected to shape the future of the black mass recycling industry.
Market Segmentation:
The black mass recycling market is categorized into several segments:
By Battery Source: Automotive Batteries, Industrial Batteries, Portable Batteries, and Other Sources. The Industrial Batteries segment is anticipated to dominate the market in 2024 due to the extensive use of batteries across various industries for backup power, uninterrupted operations, and portable energy solutions.
Browse in Depth: https://www.meticulousresearch.com/product/black-mass-recycling-market-5725
By Battery Type: Lithium-Ion Batteries, Nickel-Metal Hydride Batteries, Nickel Cobalt Manganese Batteries, and Other Types. The Lithium-Ion Batteries segment is projected to hold the largest market share in 2024, driven by the high demand for these batteries in electric vehicles (EVs) and portable electronics, which necessitates efficient recycling processes.
By Recycling Process: Pyrometallurgical Process, Hydrometallurgical Process, and Other Processes. The Pyrometallurgical Process is expected to lead the market in 2024 due to its high recycling rate, efficiency in removing organic materials from Li-ion batteries, and its cost-effective nature.
Regional Insights:
Geographically, the market is segmented into Asia-Pacific, Europe, North America, Latin America, and the Middle East & Africa. The Asia-Pacific region is set to capture the largest market share in 2024, driven by new policies promoting battery recycling, a booming consumer electronics sector, concerns over rare earth metal depletion, and the high adoption rate of electric mobility.
Leading Industry Players:
Key players in the black mass recycling market include: BASF SE (Germany), Umicore SA (Belgium), Tenova S.p.A. (Italy), Li-Cycle Holdings Corp. (Canada), Lithion Recycling Inc. (Canada), AkkuSer Oy (Finland), Duesenfeld GmbH (Germany), Aqua Metals Inc. (U.S.), SungEel Hi-Tech. Co., Ltd. (South Korea), Fortum Corporation (Finland), Redux GmbH (Germany), Green Li-ion Pte Ltd. (Singapore), Tata Chemicals Limited (India), Attero Recycling Pvt. Lyd. (India), Exigo Recycling Pvt. Ltd. (India).
Buy Now: https://www.meticulousresearch.com/Checkout/70812436
Related Reports:
Mass Flow Controllers Market: https://www.meticulousresearch.com/product/mass-flow-controllers-market-5893
E-waste Management Market: https://www.meticulousresearch.com/product/e-waste-management-market-5003
Contact:
Mr. Khushal Bombe
Meticulous Market Research Inc.
1267 Willis St, Ste 200 Redding,
California, 96001, U.S.
USA: +1-646-781-8004
Europe : +44-203-868-8738
APAC: +91 744-7780008
Email- sales@meticulousresearch.com
Visit Our Website: https://www.meticulousresearch.com/
Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research
We are the trusted research partners for leading businesses around the world, providing market intelligence focused towards building revenue transformation strategies. Our research is used by Fortune 500 organizations to attain success by scouting next generation revenue opportunities well ahead of their competition.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Black Mass Recycling Market to be Worth $8.87 Billion by 2030: Industry Overview here
News-ID: 3637153 • Views: …
More Releases from Meticulous Research®
Nutraceutical Products Market: Growth Trends and Future Outlook to 2030| Meticul …
The nutraceutical products market is witnessing steady and significant growth, driven by a rising awareness of health, nutrition, and disease prevention. Between 2023 and 2030, the market is projected to expand at a compound annual growth rate of 7.8%, ultimately reaching a value of $691.87 billion by the end of the forecast period. This growth reflects a major shift in consumer mindset, as individuals increasingly seek products that offer both…
Global Feed Additives Market Outlook: Trends, Growth Drivers, and Regional Insig …
The way we feed our livestock is changing, and feed additives are at the heart of that transformation. Over the next decade, the global feed additives market is expected to surpass $51 billion, fueled by rising demand for meat and dairy products, concerns over animal health, and a push toward more sustainable farming practice. Farmers today are no longer just feeding animals they are strategically nourishing them to improve growth,…
Global Home Medical Equipment Market: Trends, Insights, and Forecast to 2030 | M …
The home medical equipment market is growing steadily and is projected to reach nearly $63 billion by 2030. These devices are designed to help people manage their health at home, allowing patients to remain independent while receiving the care they need. From respiratory devices to mobility aids, these products make it possible for individuals to maintain a better quality of life without relying entirely on hospital care. They are especially…
Global Membrane Filtration Technologies Market: Trends, Growth Drivers, and Regi …
The membrane filtration technologies market is steadily expanding, with expectations to hit $22.2 billion by 2030. Over the past few years, industries and municipalities alike have faced increasing pressure to manage water more efficiently. Water scarcity, environmental regulations, and operational needs have created a situation where traditional water treatment methods are no longer sufficient. Businesses are turning toward membrane filtration technologies as a solution that offers both reliability and precision.
Water…
More Releases for Batteries
Lithium Coin Batteries Market | Duracell, Energizer, FDK, GP Batteries
The global lithium coin batteries market report is a comprehensive report that provides a detailed analysis of the current status and future trends of the lithium coin batteries market worldwide. This report provides valuable information to industry stakeholders by offering an in-depth perspective on market dynamics, competitive landscape, growth opportunities, and key challenges faced by industry participants.
From the perspective of market dynamics, this report explores the factors driving the growth…
India Lithium-Ion Battery Market Top Key Players - Exide Batteries India, TDS Gu …
As electrode materials for India Lithium-Ion Battery Market, nanomaterials have several unique physicochemical properties, such as large surface area, short transport length, high reversible capacity, and long cycle life. Energy storage in lithium-ion batteries is based on inserting lithium into either a type of graphite (cathode) or an oxide (anode). Charging and discharging consist of the transport of lithium ions between two storage media.
Developing next-generation lithium-ion batteries with dramatically…
India Lithium-Ion Battery Market Top Key Players - Exide Batteries India, TDS Gu …
India Lithium-Ion Battery Market are a group of rechargeable battery types in which lithium ions move to the anode at the negative electrode during discharge and re-move during charging. Chemical, performance, cost, and safety characteristics depend on the type of lithium-ion battery.
India Lithium-Ion Battery Market is common in home appliances. They are the most popular rechargeable batteries for portable electronics, either with the highest energy-to-weight ratio, high open…
India Lithium ion Battery Market Top Key Players - Exide Batteries India, TDS Gu …
The lithium-ion batteries market in India is expected to grow significantly in the next five years. Some of the important initiatives by the Government of India that will accelerate the growth of this market are National Electric Mobility Mission Plan 2020, with a projection of getting 6-7 million electric vehicles on Indian roads by 2020 and a target of 175 GW installation of renewable energy by 2022.
Beyond consumer electronics, lithium-ion…
Motorcycle Batteries Market Growing Up By Type: Lithium-ion Batteries, Lead-acid …
Acumen Research and Consulting has announced the addition of the "Motorcycle Batteries Market” report to their offering.
The Motorcycle Batteries Market Report 2018 is an in depth study analyzing the current state of the Motorcycle Batteries Market. It provides brief overview of the market focusing on definitions, market segmentation, end-use applications and industry chain analysis. The study on Motorcycle Batteries Market provides analysis of China market covering the industry trends, recent…
AGM batteries compared with lithium-ion batteries, increasing demand for high po …
The global AGM battery market size is estimated to grow from USD 10.2 billion in 2019 to USD 13.9 billion by 2025; it is expected to grow at a CAGR of 5.3%. The growth of this market is expected to be driven by the inherent benefits of AGM batteries such as their maintenance free & non-spillable nature, upsurge in renewable energy investments, increasing demand for energy storage solutions for high-current…
