Introduction to Asia-Pacific Black Mass Recycling Market
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.
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 D?fense
- 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.
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