Global Recycled Lead Market is estimated to witness robust CAGR during the forecast period, i.e., 2021-2029, owing to the high recyclability of lead and the growing applications of recycled lead in various end-user industries. Lead is the most recycled metal in the world, and more than 50% of the lead being used has been obtained from recycled lead. The growth of the market can be attributed to the simple process of production and cost-efficiency of recycled lead. Rising manufacturing of hybrid and electric vehicles is anticipated to boost the market growth, backed by the use of lead in making the batteries for EVs. In 2018, the global electric vehicle sale passed 5 million globally which was an increase of over 60% as compared to previous year. Another factor that influences the growth of the global recycled lead market is the decreasing numbers of lead mines, owing to the depletion of lead ores. Pressure from various environment protection NGOs leading to a surge in the regulation of lead mining is another factor estimated to boost the market growth.
The global lead recycling market is segmented by end-user industry into construction, electronics, chemical, energy, and others, out of which, the construction segment is anticipated to hold the largest share over the forecast period owing to the increasing use of recycled lead in roofing, gutters, plumbing, and painting iron to avoid rust. Further, the market is segmented by application, into batteries, rolls & extruded products, pigments, and others, out of which, the batteries segment is anticipated to garner the largest size in the market during the forecast period owing to the significantly growing need for lead in manufacturing the batteries for hybrid and electric vehicles. CLICK TO DOWNLOAD SAMPLE REPORT
On the basis of regional analysis, the global recycled lead market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa region.
The market in the Asia Pacific is projected to witness the highest CAGR during the forecast period on the back of rising construction industries backed by factors, including, low cost of labour, developing infrastructure, close proximity to end markets, and significant growth in urban population. Furthermore, growing electronics industry is expected to raise the demand for recycled lead which is estimated to drive the market growth.
The market in North America is estimated to garner largest revenue during the forecast period on the back of the rising demand for electric vehicles which require lead batteries. Moreover, 80% of lead used in the U.S. is obtained from secondary lead.
The global recycled lead market is further classified on the basis of region as follows:
Our in-depth analysis of the global recycled lead market includes the following segments:
FREQUENTLY ASKED QUESTIONS
Rising environment awareness and high recyclability of lead are the major factors driving the market growth.
The market is anticipated to attain a robust CAGR over the forecast period, i.e., 2021-2029.
Growing demand for other types of batteries, such as, lithium-ion battery, is one of the factors estimated to hamper the market growth.
The market in North America is estimated to garner the largest market share owing to the large automotive industry manufacturing hybrid and electric vehicles, which require lead.
The major players in the market are Boliden Group, Gravita India Limited, Eco - Bat Technologies Limited, Korea Zinc Co., Ltd., Mayco Industries, NYRSTAR, Recyclex S.A., SAR Recycling SA, Henan Yuguang Gold and Lead Co., Ltd., and others.
The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.
The market is segmented by type, application, end-user industry, and by region.
The construction segment is anticipated to hold largest market share over the forecast period on the back of increasing demand for lead in roofing, plumbing, and other applications.
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