PDF Cover

Black Mass Recycling Market

The market for Black Mass Recycling was estimated at $16.4 billion in 2025; it is anticipated to increase to $37.7 billion by 2030, with projections indicating growth to around $86.7 billion by 2035.

Report ID:DS1314001
Author:Vineet Pandey - Business Consultant
Published Date:
Datatree
Chemicals & Materials
C&M Technology
Black Mass Recycling
Share
Report Summary
Market Data
Methodology
Table of Contents

Global Black Mass Recycling Market Outlook

Revenue, 2025

$16.4B

Forecast, 2035

$86.7B

CAGR, 2026 - 2035

18.1%

The Black Mass Recycling industry revenue is expected to be around $16.4 billion in 2026 and expected to showcase growth with 18.1% CAGR between 2026 and 2035. The Black Mass Recycling industry is picking up steam as it plays a role in sustainable resource recovery efforts and is especially crucial, in the battery recycling sector. In the year 2023 the market size was estimated at $12.4 billion and it is expected to hit $42 billion by the year 2030 with an annual growth rate of 19%. By the year 2035 this industry is expected to grow continuously due to the rising demand for electric cars and renewable energy storage systems and industry analyst expects to reach $100 billion.

Black Mass Recycling falls under material recovery. Focuses primarily on recycling essential elements such as cobalt, nickel and lithium from used batteries. These metals are valued for their conductivity, energy storage capacity and durability which are crucial in battery production and renewable energy applications. Thanks to advancements, in both hydrometallurgical techniques Black Mass Recycling is becoming increasingly efficient and economically feasible.

Black Mass Recycling market outlook with forecast trends, drivers, opportunities, supply chain, and competition 2025-2035
Black Mass Recycling Market Outlook

Market Key Insights

  • The Black Mass Recycling market is projected to grow from $16.4 billion in 2025 to $86.7 billion in 2035. This represents a CAGR of 18.1%, reflecting rising demand across Battery Manufacturing and Energy Storage.

  • Li Cycle Corp., Redwood Materials, and Umicore NV are among the leading players in this market, shaping its competitive landscape.

  • U.S. and Germany are the top markets within the Black Mass Recycling market and are expected to observe the growth CAGR of 17.4% to 25.3% between 2025 and 2030.

  • Emerging markets including India, Brazil and Mexico are expected to observe highest growth with CAGR ranging between 13.6% to 18.8%.

  • Transition like Energy Transition is expected to add $5 billion to the Black Mass Recycling market growth by 2030.

  • The Black Mass Recycling market is set to add $70.3 billion between 2025 and 2035, with manufacturer targeting Consumer Electronics & Energy Application projected to gain a larger market share.

  • With

    electric vehicle growth, and

    Sustainability Push, Black Mass Recycling market to expand 428% between 2025 and 2035.

black mass recycling market size with pie charts of major and emerging country share, CAGR, trends for 2025 and 2032
Black Mass Recycling - Country Share Analysis

Opportunities in the Black Mass Recycling

Advancements, in methods could also enhance the effectiveness of extracting black mass

Growth Opportunities in North America and Europe

In North Americas black mass recycling industry is fiercely competitive because of players such as Li Cycle and Redwood Materials who take advantage of government incentives backing clean energy efforts to stay ahead in the market race
The strict environmental laws in Europe are motivating companies such as Umicore to develop recycling technologies to comply with them effectively and efficiently. The increasing need for electric vehicles is also contributing to the growth prospects in the region

Market Dynamics and Supply Chain

01

Driver: Electric Vehicle Growth, and Government Regulations

The increasing use of EVs is also creating a need for recycling black mass to retrieve important battery components Stricter guidelines regarding the disposal and recycling of batteries are also putting stress on companies to utilize black mass recovery techniques
The growing focus worldwide on sustainability and the circular economy is also driving increased investment in the recycling of mass to minimize the need for mining
02

Restraint: High Initial Costs

Implementing mass recycling infrastructure demands significant capital investment which hinders its uptake among smaller businesses
03

Opportunity: Expansion in Emerging Markets and Strategic Partnerships

Countries such as India and Brazil are actively growing their energy industries which has led to an increased need, for recycling black mass materials
Collaborations between recycling companies and battery producers present prospects, for incorporating circular supply chains
04

Challenge: Technical Challenges

Extracting materials from the residue of black mass presents a persistent obstacle that hinders the effectiveness of the recycling procedures

Supply Chain Landscape

1

Collection

UmicoreLi Cycle
2

Processing

TomraShakti Plastic Industries
3

Recycling

Eco Recycling Ltd
4

Distribution

TVS Supply Chain SolutionsBolloré Logistics –
Black Mass Recycling - Supply Chain

Use Cases of Black Mass Recycling in Battery Manufacturing & Energy Storage

Battery Manufacturing : In the industry black mass plays a crucial role in the production of cutting edge electric vehicle batteries companies such, as Umicore and Redwood Materials are embracing black mass recovery to lessen reliance o raw material extraction and lower expenses
Energy Storage : Black mass recycling contributes to the facilitation of energy storage by supplying elements such, as lithium for energy storage systems through companies, like Li Cycle and American Manganese that are innovating ways to integrate black mass into grid scale battery solutions

Recent Developments

Recent advancements underscore the increasing emphasis placed upon enhancing efficiency and streamlining supply chain processes in response to market demands for sustainable material recovery, exemplified by Umicores recent expansion in October to accommodate the growing need for eco-friendly materials

October 2023 : Umicore has revealed plans to enhance its battery recycling capabilities in response, to the increasing need, for mass recovery
March 2023 : Redwood Materials has introduced a program aimed at improving the process of extracting materials, from electric vehicle batteries
January 2023 : Li Cycle announced a hydrometallurgical method that enhances the effectiveness of extracting lithium, from black mass.

Impact of Industry Transitions on the Black Mass Recycling Market

As a core segment of the C&M Technology industry, the Black Mass Recycling market develops in line with broader industry shifts. Over recent years, transitions such as Energy Transition and Green Energy have redefined priorities across the C&M Technology sector, influencing how the Black Mass Recycling market evolves in terms of demand, applications and competitive dynamics. These transitions highlight the structural changes shaping long-term growth opportunities.
01

Energy Transition

The increasing popularity of vehicles and the focus on environment friendly energy sources has led to a growing importance in recycling black mass to recover essential battery ingredients like cobalt, nickel and lithium. This recycling practice plays a role in catering to the escalating need, for these materials while also reducing impact
02

Green Energy

The rising use of renewable energy solutions, in regions like Europe and North America has led to a need for energy storage techniques to meet the demand effectively and sustainably. Recycling materials on a scale is crucial for sourcing the components for cutting edge batteries that bolster environmentally friendly energy projects