黑集體的印度市場評估:各電池來源，電池類別，各回收流程，各地區，機會，預測，2019年～2033年

印度黑電池市場預計將從2025年的7,046萬美元成長到2033年的3.054億美元，在2026-2033年的預測期內，複合年增長率為20.12%。近年來，該市場經歷了大幅增長，預計未來幾年仍將保持擴張勢頭，這得益於電動和混合動力汽車普及率的顯著提升、技術的快速進步、政府對電池回收的嚴格監管以及鋰離子電池在電動汽車中的日益普及。印度黑電池市場需求的成長源自於政府加大對電池回收的激勵力度、電動車的普及以及電池製造業的顯著成長。此外，由於消費性電子產品需求的不斷增長、技術的快速進步以及產品生命週期的縮短，印度的電子垃圾也隨之大幅增加。此外，印度政府正在加強電子垃圾管理和回收的監管。政府也鼓勵企業採取更永續的做法，例如回收電子垃圾中的材料，並致力於實現淨零碳排放。

回收技術的進步使得從電子垃圾中回收有價值的材料變得更加經濟高效。這提高了黑料作為電子垃圾管理有效方案的可行性，進一步推動了印度黑料市場的發展。市場上的企業正在簽訂合同，以加強其影響力，並滿足日益增長的黑色固體廢物需求。

例如，2024年7月，Lohum Cleantech Private Limited 與 Recyclus Group 簽署了一份黑料包銷協議，將其位於伍爾弗漢普頓的鋰離子電池回收設施的黑料供應給 Lohum 位於印度的工廠。

目錄

第1章 計劃的範圍和定義

第2章 調查手法

第3章 美國的關稅的影響

第4章 摘要整理

第5章 客戶的迴響

• 決定購買時考慮的要素
  • 金屬含量和純度
  • 價格
  • 電池化學性質與一致性
  • 黑色電池大量生產中使用的回收工藝
  • 法規遵循性和危險廢棄物分類

第6章 印度的黑集體預測，2019年～2033年

• 市場規模分析與預測
  • 各金額
• 市場佔有率分析與預測
  • 各電池來源
    • 汽車用電池
    • 產業用電池
    • 家電產品用電池
    • 其他
  • 電池類別
    • 鋰離子電池
    • 鎳氫電池
    • 其他
  • 回收流程
    • 乾式冶金流程
    • 濕式冶金流程
    • 其他
  • 各地區
    • 北部
    • 南部
    • 東部
    • 西部·中部
  • 各企業市場佔有率分析(主要5公司·其他-金額，2025年)
• 2025年市場地圖分析
  • 各電池來源
  • 電池類別
  • 回收流程
  • 各地區

第7章 價值鏈分析

第8章 波特的五力分析

第9章 大環境分析

第10章 價格分析

第11章 市場動態

• 推動市場要素
• 市場課題

第12章 市場趨勢與發展

第13章 案例研究

第14章 競爭情形

• 主要5大市場領導公司的競爭矩陣
• 主要5公司的SWOT分析
• 主要十大市場主要企業形勢
  • Lohum Cleantech Private Limited
  • 公司概要
  • 主要經營團隊
  • 產品和服務
  • 財務狀況(報告那樣)
  • 主要市場重點和地理存在感
  • 最近的趨勢/合作/夥伴關係/合併和收購
  • Batx Energies Private Limited
  • Gravita India Limited
  • Exide Industries Limited
  • Attero Recycling Private Limited.
  • Exigo Recycling Pvt. Ltd.
  • TATA Chemicals Ltd.
  • Rubamin Private Limited
  • Evergreen Recyclekaro(India)Private Limited
  • LICO Materials Private Limited

以上公司不按市佔率排序，且可能根據研究期間獲得的資訊而改變。

第15章 策略性建議

第16章 關於調查公司·免責聲明

India black mass market is projected to observe a CAGR of 20.12% during the forecast period FY2026-FY2033, rising from USD 70.46 million in FY2025 to USD 305.40 million in FY2033. The market has experienced considerable growth in recent years and is expected to maintain an expansion in the coming years owing to a significant increase in the adoption rate of electric and hybrid vehicles, rapid advancement of technology, stringent government regulations on battery recycling, and rising integration of lithium-ion batteries in EVs. The India black mass market demand is rising owing to an increase in government incentives for battery recycling, a growing shift towards electric vehicles, and a considerable rise in battery manufacturing. In addition, India is witnessing considerable growth in electronic waste, propelled by rising demand for consumer electronics, rapid technological advancements, and shorter product life cycles, which will propel India black mass market growth in the forecast period. Furthermore, the Indian government is enforcing regulations on e-waste management and recycling. The government also encourages companies to adopt more sustainable practices, including recycling materials from e-waste to contribute to net zero carbon emissions.

Technological advancements in recycling technologies have made it cost-effective to recover valuable materials from e-waste. This has improved the feasibility of black mass as an efficient choice for managing e-waste, further driving the black mass market in India. Companies in the market are signing agreements to strengthen their presence and address the rising demand for black mass.

For instance, in July 2024, Lohum Cleantech Private Limited entered into a black mass offtake agreement with Recyclus Group to supply black mass from its lithium-ion battery recycling facility in Wolverhampton to Lohum's facility in India.

Rising E-Waste Generation Drives the India Black Mass Market Growth

India is witnessing an increase in electronic waste owing to rapid technological advancements, a rise in the production of non-durable products, and high consumer electric adoption. This rise in e-waste is creating a considerable market for black mass, which comprises extracting valuable metals including cobalt, lithium, and nickel from waste electronics. As e-waste gathers, the requirement for efficient recycling solutions becomes increasingly important, driving the India black mass market growth in the forecast period. Key participants in the market are significantly investing in advanced recycling technologies to recover these valuable metals and address the requirement for sustainable resource management. In addition, companies are collaborating to strengthen their market position in India black mass market and ensure that lithium-ion batteries are recycled the right way.

For instance, in June 2023, LICO Materials Private Limited and Karo Sambhav Private Limited signed a Memorandum of Understanding to recycle and collect lithium-ion batteries and strengthen the circular economy of India.

Technological Advancements in Recycling Propels the India Black Mass Market Demand

Technological advancements in India are propelling the black mass market as advancements in recycling technologies have enhanced the efficiency and cost-effectiveness of extracting valuable metals from e-waste. Enhanced equipment and procedures can handle different and complex waste streams, raising the generation of valuable metals including cobalt, lithium, and nickel. These advancements make black mass recycling more economically sustainable and attractive to investors. The continuous technological advancements in recycling facilities can process e-waste more efficiently, supporting the circular economy, and reducing environmental impact. The trend towards advanced recycling technologies aligns with growing regulatory and consumer demands for eco-friendly e-waste management solutions. Companies in the market are increasing investments to expand their operations and strengthen their position in the India black mass market.

For instance, in January 2025, ACE Green Recycling, Inc announced its plans for Indian battery recycling plant. According to the company, the plant will be India's largest battery recycling operation and intends to have 10,000 metric tons of yearly lithium-iron phosphate battery recycling capacity in India by 2026.

Government Rules and Regulations Pushes India Black Mass Market Growth

The Indian government has implemented the E-Waste Rules, which mandate the effective collection, disposal, and recycling of e-waste. These rules obliged importers, producers, and manufacturers to manage e-waste responsibly, and to announce extended producer responsibility (EPR) schemes. In addition, such types of schemes promote the recycling of valuable materials from e-waste, indirectly supporting the black mass recycling market growth by confirming that e-waste is properly processed, and valuable resources are regained. Furthermore, the Government of India (GOI) also making different plans to increase the effectiveness of e-waste processing, which encourages black mass recycling initiatives. The GOI is also offering incentives for the development of recycling technologies to motivate private companies to invest significantly in advanced technologies.

For instance, in March 2022, the Union Ministry of Electronics and Information Technology amended the Scheme for Promotion of Manufacturing of Electronic Components and Semiconductors guidelines to make e-waste recycling facilities eligible for incentives under the scheme.

Automotive Dominates the India Black Mass Market

Automotive holds the largest India black mass market share owing to a significant increase in electric vehicles, rising government incentives on the purchase and sale of electric vehicles, technological advancement in automobiles, and an increase in disposable income. The Indian government also offers incentives and subsidies to the buyers and sellers of electric vehicles, encouraging the adoption rate of electric automobiles, which further propels India black mass market growth in the forecast period. Companies in the India black mass market are significantly advancing technologies to push buyers toward buying more electric vehicles and recycling batteries of traditional vehicles, driving the black mass market growth in India. In addition, the Indian government is promoting the recycling of batteries and boosting domestic manufacturing to achieve greater domestic value and facilitate battery storage demand creation for electric vehicles and stationary storage.

For instance, government initiatives such as the FAME-II Scheme and Production Linked Incentives (PLIs) for Advanced Chemistry Cells are designed to promote domestic manufacturing and lower costs, with additional support for battery production and recycling in the Union Budget FY2024.

Lithium-ion Battery is Expected to Register the Largest Share in India Black Mass Market in the Forecast Period

Lithium-ion battery is estimated to hold the largest market share in the market owing to an increase in EV adoption and consumer electronics. The proliferation of devices including laptops, tablets, and smartphones, and the surge in the adoption of electric vehicles, contributed to an increase in the black mass market in India. The introduction of advanced technologies for recycling lithium-ion batteries, including pyrometallurgical and hydrometallurgical methods, is being developed. While such advancements can enhance the effectiveness of official recycling, they also offer market growth opportunities for black mass market players to develop gaps. In addition, companies are increasingly aiming on sustainable practices and increasing investment in different research and development activities to ensure safe and sustainable black mass production practices. Furthermore, key participants are collaborating to enable second-life usage and revolutionize the way of recycling batteries.

For instance, in August 2023, Lohum Cleantech Private Limited announced a joint venture with Vecmocon Technology Pvt Ltd to work on the lifecycle management of electric vehicle batteries and aims to accelerate second-life battery usage.

Future Market Scenario (FY2026-FY2033)

India black mass market will see significant expansion propelled by continuous technological advancements in recycling, enhancing the efficiency and economic viability of extracting valuable metals like cobalt, lithium, and nickel from e-waste.

Government policies such as the E-Waste Rules and Extended Producer Responsibility (EPR) schemes will continue to foster market growth by ensuring proper e-waste processing and offering incentives for recycling innovation.

The automotive industry will remain a primary driver, with the increasing adoption of electric vehicles, fueled by government incentives and rising disposable incomes, significantly boosting black mass demand.

Key Players Landscape and Outlook

Companies in the market are significantly planning to invest in different research and development activities to enhance the functioning of recycling technologies and address the rising demand for valuable materials. Companies in the market are establishing relationships with manufacturers and industries that use recycled metals. In addition, companies in the Indian market for black mass must ensure compliance with environmental laws and standards connected to the recycling of hazardous materials. Furthermore, key participants in the market are implementing different growth strategies including joint ventures, mergers and acquisitions, acquisitions, partnerships, and others to expand their market presence and strengthen their position in the market.

In May 2024, Attero Recycling Private Limited announced an investment of USD 994 million USD in the next 5 years to increase its E-waste recycling capacity.

Table of Contents

1. Project Scope and Definitions

2. Research Methodology

3. Impact of U.S. Tariffs

4. Executive Summary

5. Voice of Customers

• 5.1. Factors Considered in Purchase Decisions
  • 5.1.1. Metal Content and Purity
  • 5.1.2. Price
  • 5.1.3. Battery Chemistry and Consistency
  • 5.1.4. Recycling Process Used to Produce Black Mass
  • 5.1.5. Regulatory Compliance and Hazardous Waste Classification

6. India Black Mass Outlook, FY2019-FY2033F

• 6.1. Market Size Analysis & Forecast
  • 6.1.1. By Value
• 6.2. Market Share Analysis & Forecast
  • 6.2.1. By Battery Source
    • 6.2.1.1. Automotive Battery
    • 6.2.1.2. Industrial Battery
    • 6.2.1.3. Consumer Electronics Battery
    • 6.2.1.4. Others
  • 6.2.2. By Battery Type
    • 6.2.2.1. Li-ion Battery
    • 6.2.2.2. Nickel-metal Hydride Battery
    • 6.2.2.3. Others
  • 6.2.3. By Recycling Process
    • 6.2.3.1. Pyrometallurgical Process
    • 6.2.3.2. Hydrometallurgical Process
    • 6.2.3.3. Others
  • 6.2.4. By Region
    • 6.2.4.1. North
    • 6.2.4.2. South
    • 6.2.4.3. East
    • 6.2.4.4. West and Central
  • 6.2.5. By Company Market Share Analysis (Top 5 Companies and Others - By Value, FY2025)
• 6.3. Market Map Analysis, FY2025
  • 6.3.1. By Battery Source
  • 6.3.2. By Battery Type
  • 6.3.3. By Recycling Process
  • 6.3.4. By Region

7. Value Chain Analysis

8. Porter's Five Forces Analysis

9. PESTLE Analysis

10. Pricing Analysis

11. Market Dynamics

• 11.1. Market Drivers
• 11.2. Market Challenges

12. Market Trends and Developments

13. Case Studies

14. Competitive Landscape

• 14.1. Competition Matrix of Top 5 Market Leaders
• 14.2. SWOT Analysis for Top 5 Players
• 14.3. Key Players Landscape for Top 10 Market Players
  • 14.3.1. Lohum Cleantech Private Limited
    • 14.3.1.1. Company Details
    • 14.3.1.2. Key Management Personnel
    • 14.3.1.3. Products and Services
    • 14.3.1.4. Financials (As Reported)
    • 14.3.1.5. Key Market Focus and Geographical Presence
    • 14.3.1.6. Recent Developments/Collaborations/Partnerships/Mergers and Acquisition
  • 14.3.2. Batx Energies Private Limited
  • 14.3.3. Gravita India Limited
  • 14.3.4. Exide Industries Limited
  • 14.3.5. Attero Recycling Private Limited.
  • 14.3.6. Exigo Recycling Pvt. Ltd.
  • 14.3.7. TATA Chemicals Ltd.
  • 14.3.8. Rubamin Private Limited
  • 14.3.9. Evergreen Recyclekaro (India) Private Limited
  • 14.3.10. LICO Materials Private Limited

Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.

15. Strategic Recommendations

16. About Us and Disclaimer

List of Tables

• Table 1. Competition Matrix of Top 5 Market Leaders
• Table 2. Mergers & Acquisitions/ Joint Ventures (If Applicable)
• Table 3. About Us - Regions and Countries Where We Have Executed Client Projects

List of Figures

• Figure 1. India Black Mass Market, By Value, In USD Million, FY2019-FY2033F
• Figure 2. India Black Mass Market Share (%), By Battery Source, FY2019-FY2033F
• Figure 3. India Black Mass Market Share (%), By Battery Type, FY2019-FY2033F
• Figure 4. India Black Mass Market Share (%), By Recycling Process, FY2019-FY2033F
• Figure 5. India Black Mass Market Share (%), By Region, FY2019-FY2033F
• Figure 6. By Battery Source Map-Market Size (USD Million) & Growth Rate (%), FY2025
• Figure 7. By Battery Type Map-Market Size (USD Million) & Growth Rate (%), FY2025
• Figure 8. By Recycling Process Map-Market Size (USD Million) & Growth Rate (%), FY2025
• Figure 9. By Region Map-Market Size (USD Million) & Growth Rate (%), FY2025