Asia-Pacific Black Mass Recycling Market Report 2022-2023 and Forecasts to 2031: Significant Influx of New Rivals to Enter the Market, Intensifying Rivalry and Competition

DUBLIN, March 13, 2024 /PRNewswire/ — The “Asia-Pacific Black Mass Recycling Market – Analysis and Forecast, 2022-2031” report has been added to ResearchAndMarkets.com’s offering.

The Asia-Pacific black mass recycling market (excluding China) is projected to reach $ 11.72 billion by 2031 from $ 2.13 billion 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.

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.

Analyst’s Perspective on Asia-Pacific Black Mass Recycling Market

The Principal Analyst states, ‘black mass recycling is the technique of recovering priceless metals and other materials from used lithium-ion batteries. Lithium-ion batteries are widely utilised in a range of devices, including electric cars, laptop computers, and cell phones. When these batteries have reached its end-of-the-life, they can be recycled using metallurgical processes to recover important metals including lithium, cobalt, nickel, and copper.

The terminology ‘black mass’ refers to the mixture of cathode and anode materials found in discharged lithium-ion batteries. During the refining process, the black material is treated with various chemicals and techniques to recover valuable metals. The recovered metals can be utilised to make new batteries, decreasing the need for mining and the environmental impact of mining. The amount of hazardous trash that would otherwise wind up in landfills can also be decreased with the recycling of these batteries. Altogether, black mass recycling is a crucial procedure for the long-term management of lithium-ion batteries as well as the recovery of key metals.’

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.

Some of the prominent names established in this market are:

RUBAMINSungEel Hi-Tech. Co., Ltd.ECOGRAFGreen Li-ion Pte Ltd.TATA Chemicals Ltd.ATTEROExigo Recycling Pvt. Ltd.

Key Topics Covered:

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
2.2.2 Application
2.2.3 Product
2.2.4 Asia-Pacific and Japan: Country-Level Analysis
2.2.4.1 Japan
2.2.4.2 South Korea
2.2.4.3 India
2.2.4.4 Australia
2.2.4.5 Rest-of-Asia-Pacific and Japan

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.
3.2.3 ECOGRAF
3.2.4 Green Li-ion Pte Ltd.
3.2.5 TATA Chemicals Ltd.
3.2.6 ATTERO
3.2.7 Exigo Recycling Pvt. Ltd.

4 Research Methodology

For more information about this report visit https://www.researchandmarkets.com/r/6egsxl

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Media Contact:
Research and Markets
Laura Wood, Senior Manager
[email protected] 
 
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
 
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg

 

View original content:https://www.prnewswire.com/news-releases/asia-pacific-black-mass-recycling-market-report-2022-2023-and-forecasts-to-2031-significant-influx-of-new-rivals-to-enter-the-market-intensifying-rivalry-and-competition-302087969.html

SOURCE Research and Markets