Lead is a malleable, soft, heavy metal that exhibits high density and radiates a bluish-white luster. It is found primarily in the form of galena along with zinc, silver, and copper deposits. Lead is commonly used in construction industry, automotive industry and electronic industry. It finds applications in batteries and exhibits low tensile strength and electrical conductivity.
The global Lead market is expected to showcase a significant CAGR of 6.8% during the forecasted period 2018-2027. Additionally, the global lead market is thriving on the back of building construction industry. Further, rising demand for lead-acid batteries for automotive application on account of increasing automobile industry is expected to showcase a steady growth of the market.
The global Lead market is segmented into product type, end users, and geography. In terms of regional platform, North America Lead market is projected to lead the growth of overall global Lead market over the forecast period. Factors such as, high awareness amongst the population regarding benefits of using lead batteries in advanced vehicles such as stop-start & hybrid vehicles and renewable energy generation is anticipated to encourage the demand for lead market in upcoming years. Additionally, U.S. is expected to contribute significantly in the growth of Lead market in North America region during the predicted period. Moreover, Europe Lead market captured significant share of global Lead market in previous years. Better advancement in technology and rising disposable income are key factors which are driving the growth of Lead market in Europe region. However, Asia Pacific Lead market is expected to rise at maximum CAGR over the forecast period i.e. 2017-2027. The market of Lead in Asia Pacific is expected to be driven by rapid urbanization and growing demand renewable batteries in Asia countries such as India & China over the forecast period.CLICK TO DOWNLOAD FREE SAMPLE
Our in-depth analysis segmented the global Lead market in the following segments:
Global Lead market is further classified on the basis of region as follows:
The global Lead market is primarily driven by the growth of building construction industry. This growing usage of lead products for architectural metals for roofing materials, gutters & gutter joints and on roof parapets. Moreover, rising demand for lead-acid batteries for automotive application is a major factor which is expanding the market size of Lead across all regions. Expansion in absorbed glass mat (AGM) lead acid batteries on account of their favorable characteristic of being maintenance-free are also expected to provide growth opportunities for the lead market.
Additionally, government of various regions are investing potentially in smart grid technology that further lead to the growth of lead-acid batteries which are used in electrical vehicles (EV) which serve as one of the major component in the smart grid technology. In contrast, production of high quality Lead is costlier along with strict testing procedure which may dampen the growth of Lead market globally. Additionally, rising competition from the lithium-ion battery in many other lead batteries is challenging for market growth.
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