ResearchAndMarkets.com has added a report forecasting that the global black mass recycling market will grow from $15.5 billion in 2025 to $65 billion by 2035, representing a 15.2% compound annual growth rate. The market is expanding as battery recycling moves beyond manufacturing waste to process rising volumes of end-of-life batteries, increasing demand for collection, sorting, pre-processing and refining capabilities. Hydrometallurgical processing, which uses liquid-based chemical treatment to recover metals, held a 52% share and generated $8.1 billion in 2025; the segment is projected to grow at a 15.6% CAGR through 2035. Manufacturing scrap, including pre-consumer and gigafactory waste, held a 34% share in 2025, while its proportion is gradually declining as end-of-life battery volumes increase. North America accounted for 16% of the market in 2025, supported by investment in domestic recycling infrastructure, localized battery-material supply chains and rising electric vehicle production. The report examines market trends, growth drivers, challenges, opportunities, regulation, technology, competitive positioning and regional forecasts through 2035.