Recycled Lead Market Segmentation by Type (Soft Lead, Lead Alloys, and Lead Oxides); by Application (Battery, Rolls & Extruded Products, Pigments, and Others); and by End-User Industry (Construction, Electronics, Chemical, Energy, and Others)– Global Demand Analysis and Opportunity Outlook 2029
Buy Now Report ID: 3012 | Published Date: Feb 13, 2023
Our in-depth analysis of the global recycled lead market includes the following segments:
By Type
By Application
By End-User Industry
Growth Drivers
Challenges
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:
In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.
Author Credits: Smruti Ranjan, Rajrani Baghel
Ans: Rising environment awareness and high recyclability of lead are the major factors driving the market growth.
Ans: The market is anticipated to attain a robust CAGR over the forecast period, i.e., 2021-2029.
Ans: Growing demand for other types of batteries, such as, lithium-ion battery, is one of the factors estimated to hamper the market growth.
Ans: 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.
Ans: 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.
Ans: 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.
Ans: The market is segmented by type, application, end-user industry, and by region.
Ans: 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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