The Recycled Lead Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Recycled Lead Global Market Report 2024, The recycled lead market size has grown steadily in recent years. It will grow from $16.95 billion in 2023 to $17.39 billion in 2024 at a compound annual growth rate (CAGR) of 2.6%. The growth in the historic period can be attributed to increased demand for lead-acid batteries, closed-loop recycling systems, rise in scrap lead availability, lead prices and economic factors, government incentives for recycling..
The recycled lead market size is expected to see steady growth in the next few years. It will grow to $19.55 billion in 2028 at a compound annual growth rate (CAGR) of 3.0%. The growth in the forecast period can be attributed to transition to electric vehicles, circular economy initiatives, stricter e-waste regulations, infrastructure development projects, shift towards sustainable manufacturing. Major trends in the forecast period include advancements in lead battery recycling, technological solutions for lead recovery, collaborations and partnerships, lead pollution reduction targets.
The growing demand for electric vehicles is expected to propel the growth of the recycled lead market going forward. An electric vehicle (EV) is powered by one or more electric motors using electrical energy stored in rechargeable batteries or another energy storage device. Recycled lead batteries in electric vehicles help reduce environmental impact by minimizing the use of raw materials, conserving energy, and preventing the improper disposal of hazardous waste. For instance, in September 2022, according to the International Energy Agency, a Paris-based autonomous intergovernmental organization, electric vehicle (EV) sales had doubled from the previous year in 2021, reaching a new high of 6.6 million units sales compared to 2020, bringing the total number of electric cars on the road to 16.5 million. Therefore, the growing demand for electric vehicles drives the recycled lead market.
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The recycled lead market covered in this report is segmented –
1) By Product Type: Soft Or Pure Lead, Lead Alloys, Lead Oxides
2) By Application: Lead Acid Batteries, Pigments And Other Compound, Radiation Shielding, Rolls And Extruded Products, Other Applications
3) By Industry: Energy, Transportation, Data Centers, Electronics, Construction, Healthcare, Other Industries
Major companies operating in lead recycling market are focused on the developent of new lead recycling facility with advance solution to match the market need and demand. A new lead recycling facility is a production site designed to collect, process, and recycle lead-acid batteries, with the aim of extracting valuable materials and reducing waste. For instance, in March 2022, Chloride Metals, an Exide Industries subsidiary, commenced commercial production at India’s fourth lead battery recycling factory. This new facility significantly expands the company’s lead acid battery recycling capabilities, further strengthening its market position. The plant is expected to help with the long-term management of lead-acid batteries and boost the circular economy and environmental conservation efforts.
The recycled lead market report table of contents includes:
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