Conventional lead-acid batteries have a significant history of providing energy storage for a wide range of end-use applications, in mobile as well as stationary applications.
The global lead market is anticipated to showcase a positive outlook over the forecast period by registering a stable CAGR of 5% from 2022 to 2032. The global market is expected to drive phenomenal sales over the short term attributed to the growing demand for lead-acid batteries all over the world.
Conventional lead-acid batteries comprise a significant history of offering energy storage for a massive range of end-use applications, in mobile as well as stationary applications. In addition to that, the global market for lead is anticipated to witness noticeable growth on account of growing lead-acid battery consumption.
Furthermore, over the coming years, the global demand for lead is estimated to be significant as capacity expansions and new operations boost supply at a faster rate than demand.
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Key Takeaways
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Key players
Competitive Landscape
The prominent players in the global lead market are concentrating on expanding the usage of lead in the end-use industry. The key market players are concentrating on mergers and acquisitions to cater to the diverse customer base. Furthermore, technological advancements are making it possible for dominant companies in the global landscape to diversify the utilization of lead in numerous end-use industries over the projection period.
Key Segments
By Application
By Isotope
By region
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More Insights into the Lead Market
The global lead market is predicted to surge owing to the rising demand for lead-acid batteries for numerous automotive applications as the vehicle industry expands exponentially over the projection period.
North American region is expected to dominate the global lead market as it accounts for the largest consumer base for lead owing to its vast construction and automobile industry. The demand in Europe is expected to rise moderately on account of declining automobile sales.
Asia Pacific region is expected to emerge as a leading region in global sales of lead market attributed to the rising demand for energy in smart grid technology, which includes electric vehicles operated on lead batteries. Lead-acid battery exports and production have strongly recovered in China after the wide-ranging environmentally motivated cutbacks in 2011. The aforementioned factors are further expected to offer new opportunities for the growth of the global lead market.
The battery was considered the largest segment with a revenue share of around 85% in 2019, and this trend is expected to continue over the forecast period. The increasing demand for batteries is propelling manufacturers to expand their production capacity and integrate across the value chain.
Future Market Insights, Inc. (ESOMAR certified, Stevie Award - recipient market research organization, and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market.
Jun 22, 2023