Recycled Lead Market Set for Steady Growth, Expected to Reach $19.55 Billion by 2028
Recycled Lead Global Market Report 2024 – Market Size, Trends, And Global Forecast 2024-2033
The Business Research Company has updated its global market reports with latest data for 2024 and projections up to 2033
LONDON, GREATER LONDON, UK, July 2, 2024 /EINPresswire.com/ -- The recycled lead market, which refers to lead recovered from sources like used lead-acid batteries and industrial scrap, has shown steady growth in recent years. Starting at $16.95 billion in 2023, it is projected to grow to $17.39 billion in 2024, at a CAGR of 2.6%. It will grow to $19.55 billion in 2028 at a compound annual growth rate (CAGR) of 3.0%. Factors driving this growth include increased demand for lead-acid batteries, closed-loop recycling systems, availability of scrap lead, fluctuating lead prices, and government incentives for recycling.
Growing Demand for Electric Vehicles Drives Market Expansion
The transition to electric vehicles (EVs) is a significant driver propelling the recycled lead market forward. EVs utilize rechargeable batteries containing recycled lead, reducing environmental impact through resource conservation and waste minimization. The International Energy Agency reported a significant rise in EV sales in recent years, underscoring the increasing adoption of electric vehicles globally.
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Major Players Innovate to Meet Market Demands
Key companies such as Glencore PLC, Johnson Controls International PLC, and Teck Resources Limited are actively developing advanced solutions for lead battery recycling. For instance, Exide Industries subsidiary Chloride Metals launched India's fourth lead battery recycling factory in March 2022, enhancing their capacity to recycle lead-acid batteries and contributing to environmental conservation efforts.
Market Segmentation
The recycled lead market is segmented based on:
Product Type:
• Soft or Pure Lead
• Lead Alloys
• Lead Oxides
Application:
• Lead Acid Batteries
• Pigments and Other Compounds
• Radiation Shielding
• Rolls and Extruded Products
• Other Applications
Industry:
• Energy
• Transportation
• Data Centers
• Electronics
• Construction
• Healthcare
• Other Industries
Regional Insights: Asia-Pacific Leads, North America Shows Fastest Growth
Asia-Pacific dominated the recycled lead market in 2023, driven by industrial growth and environmental initiatives. North America is expected to witness the fastest growth during the forecast period, fueled by regulatory support and increasing adoption of sustainable practices.
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Recycled Lead Global Market Report 2024 from TBRC covers the following information:
• Market size data for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Trends, opportunities, strategies and so much more.
The Recycled Lead Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on recycled lead market size, recycled lead market drivers and trends, recycled lead market major players, competitors' revenues, market positioning, and market growth across geographies. The recycled lead market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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