Lead Market to Reach Valuation of USD 29.0 Billion by 2030 – Rising Demand for the Lead-acid Batteries Drives the Market

In terms of revenue, the Global Lead Market is expected to reach by 2030, growing at a CAGR (Compound Annual Growth Rate) of 5.8% from 2023 to 2030.

The expansion of the construction sector has traditionally been the main driver of market growth. High demand for roofing materials, gutter and gutter joints, and other construction-related renovations drives market demand. Additionally, the expansion of the automobile sector significantly impacts the need for Lead-acid batteries for motorized applications, which has a global effect and intensifies the Lead market in all emerging regions. Lead acid batteries are becoming the main driver of market expansion due to the high demand for electric vehicles. Additionally, features of AGM Lead acid batteries, such as simple maintenance, influence absorbed glass mat Lead acid batteries, creating a wealth of prospects for significant employment. The dominant expansion of industrial and commercial facilities drives economic growth in emerging economies, which is anticipated to fuel market growth in the following years. Additionally, active investment in enhancing the telecom network and major data center development would strengthen the industry's position. Further, a strict, complex production procedure and high production costs stifle the global expansion of Lead business.

Key Highlights from the Report

• Based on Types, the 99.94 Lead segment dominates the Lead market with the highest market share and will continue its dominance in the forecast period. This is attributable to the increased applications.
• Among Applications, the Batteries segment accounted for the highest CAGR in the forecast period owing to the increasing usage of electric vehicles.
• In terms of region, Asia Pacific holds the significant market share within the Lead market. The area is ideal for spreading smart grid technology, of which SLI Lead acid batteries are a key component.

Market Dynamics

The use of Lead products in architectural metals for gutters and gutter joints, roofing materials, and roof parapets is expanding, driving up demand for Lead and prices. In addition, hospitals, commercial buildings, and factories have vital needs for affordable, dependable power supply, which significantly impacts the Lead market's growth throughout the forecast period. Due to the factors mentioned earlier, the Lead market is expected to have strong demand over the forecast period, with increased urbanization, industrialization, and demand for Lead-acid batteries for automotive use all contributing to this growth. Additionally, the accelerated construction of commercial facilities across emerging nations coupled with the ongoing expansion of the building infrastructure supported by government investment is also anticipated to drive the Lead market growth during the aforementioned projected period.

The expansion of absorbed glass mat (AGM) Lead acid batteries, praised for being maintenance-free, is the crucial reason that actively fuels the need for Lead. Likewise, during the projection period, there will be numerous potential prospects for the Lead market because of the considerable investments in expanding the telecom network, data centers, and solar power projects.

In contrast, rising competition from lithium-ion batteries in many other Lead batteries can potentially threaten the growth of the Lead market. Furthermore, high production costs, a complex manufacturing process, and easy access to substitutes are all expected to restrain the development of the Lead market in the abovementioned forecast period.

Geographically, the Lead market is anticipated to be dominated by Asia Pacific, with China, Japan, and India accounting for most of the demand. In electric vehicles (EVs), primarily commercial ones, Lead-acid batteries complement other supplementary loads. The biggest market for electric automobiles right now is China. The People's Republic of China's Ministry of Finance published a notice in April 2020 outlining strategies to promote financial subsidies for brand-new electric automobiles. It specified that the car purchase tax would not apply to new EVs acquired between January 1 and December 31, 2022.

In addition, India's growing solar energy projects and ongoing telecommunications infrastructure construction are anticipated to fuel the demand for Lead-acid batteries there, which might boost demand for the Lead throughout the projected period. Lead sheets are also employed in the building and construction sector for roofing, cladding, and flashing or weathering to stop water infiltration. High-density Lead sheets are utilized inside the building as acoustic insulation. Lead-based goods are also widely used in parapets, cornices, gutters, electrical conduits, and other structures.

The Global Lead Market is Segmented as follows

• Types
  • 99.994%
  • 99.99%
  • 96%
  • Other Types
• Applications
  • Bullets & Shots
  • Ammunition
  • Construction
  • Plumbing
  • Electronics
  • Batteries
  • Solders
  • Marine
  • Other Applications
• Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

List of the Key Players of the Global Lead Market is

East Penn Manufacturing Co. Inc (US), Vedanta Resources (UK), Teck Resources (Canada), Johnson Control Inc. (US), Canada Metal (US), M.A. Metal (Scotland), Gravita India (India), KOREAZINC (South Korea), MMG (Australia), Glencore (Switzerland), South32 (Australia), Nyrstar (Netherlands)

The Global Lead Market Scope can be Tabulated as below