ブラックマスのインド市場の評価：バッテリーソース別、電池タイプ別、リサイクルプロセス別、地域別、機会、予測、2019年～2033年

インドのブラックマス市場は、2026年から2033年の予測期間中にCAGR20.12％を記録し、2025年の7,046万米ドルから2033年には3億540万米ドルに上昇すると予測されます。同市場は近年かなりの成長を遂げており、電気自動車やハイブリッド車の普及率の大幅な上昇、技術の急速な進歩、バッテリーのリサイクルに関する政府の厳しい規制、EVへのリチウムイオン電池の統合の高まりにより、今後数年間も拡大を維持すると予想されます。インドのブラックマス市場の需要が増加しているのは、バッテリーのリサイクルに対する政府の優遇措置の増加、電気自動車へのシフトの増加、バッテリー製造の大幅な増加によるものです。また、インドでは、コンシューマーエレクトロニクス需要の増加、急速な技術進歩、製品ライフサイクルの短縮に後押しされ、電子廃棄物が大幅に増加しています。さらに、インド政府は電子廃棄物の管理とリサイクルに関する規制を強化しています。また、政府は企業に対し、e-wasteから材料をリサイクルし、炭素排出を正味ゼロにすることに貢献するなど、より持続可能な慣行を採用するよう奨励しています。

リサイクル技術の進歩により、e-wasteから貴重な材料を回収するための費用対効果が高まっています。これにより、e-wasteを管理するための効率的な選択肢としてのブラックマスの実現可能性が向上し、インドのブラックマス市場をさらに牽引しています。同市場に参入している企業は、自社のプレゼンスを強化し、黒色固形廃棄物の需要増に対応するために契約を結んでいます。

例えば、2024年7月、Lohum Cleantech Private Limitedは、Recyclus Groupとブラックマスの引き取り契約を締結し、ウォルバーハンプトンにある同社のリチウムイオン電池リサイクル施設からインドのLohumの施設にブラックマスを供給します。

目次

第1章 プロジェクトの範囲と定義

第2章 調査手法

第3章 米国の関税の影響

第4章 エグゼクティブサマリー

第5章 顧客の声

• 購入決定時に考慮される要素
  • 金属含有量と純度
  • 価格
  • バッテリーの化学と一貫性
  • 黒ミサの生産に使用されるリサイクルプロセス
  • 規制遵守と有害廃棄物の分類

第6章 インドのブラックマスの見通し、2019年～2033年

• 市場規模分析と予測
  • 金額別
• 市場シェア分析と予測
  • バッテリーソース別
    • 自動車用バッテリー
    • 産業用バッテリー
    • 家電製品用バッテリー
    • その他
  • バッテリータイプ別
    • リチウムイオン電池
    • ニッケル水素電池
    • その他
  • リサイクルプロセス
    • 乾式冶金プロセス
    • 湿式冶金プロセス
    • その他
  • 地域別
    • 北部
    • 南部
    • 東部
    • 西部・中部
  • 企業別市場シェア分析（主要5社・その他-金額、2025年）
• 2025年市場マップ分析
  • バッテリーソース別
  • 電池タイプ別
  • リサイクルプロセス
  • 地域別

第7章 バリューチェーン分析

第8章 ポーターのファイブフォース分析

第9章 PESTLE分析

第10章 価格分析

第11章 市場力学

• 市場促進要因
• 市場の課題

第12章 市場動向と発展

第13章 ケーススタディ

第14章 競合情勢

• 市場リーダー主要5社の競合マトリックス
• 主要5社のSWOT分析
• 市場主要10社の主要企業の情勢
  • Lohum Cleantech Private Limited
  • 会社概要
  • 主要経営陣
  • 製品とサービス
  • 財務状況（報告通り）
  • 主要市場への注力と地理的プレゼンス
  • 最近の動向/コラボレーション/パートナーシップ/合併と買収
  • 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

上記の企業は市場シェアに応じて注文を保留するものではなく、調査作業中に入手可能な情報に応じて変更される可能性があります。

第15章 戦略的提言

第16章 調査会社について・免責事項

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

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