Recycled Lead Market size was over USD 18.07 billion in 2023 and is expected to exceed USD 25.87 billion by the end of 2036, growing at over 2.8% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of recycled lead is evaluated at USD 18.47 billion.
owing to the high recyclability of lead and the growing applications of recycled lead in various end-user industries. Lead is the most recycled metal in the world, and more than 50% of the lead being used has been obtained from recycled lead. The growth of the market can be attributed to the simple process of production and cost-efficiency of recycled lead. Rising manufacturing of hybrid and electric vehicles is anticipated to boost the market growth, backed by the use of lead in making the batteries for EVs. In 2018, the global electric vehicle sale passed 5 million globally which was an increase of over 60% as compared to previous year. Another factor that influences the growth of the market is the decreasing numbers of lead mines, owing to the depletion of lead ores. Pressure from various environment protection NGOs leading to a surge in the regulation of lead mining is another factor estimated to boost the market growth.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024–2036 |
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CAGR |
2.8% |
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Base Year Market Size (2023) |
USD 18.07 billion |
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Forecast Year Market Size (2036) |
USD 25.87 billion |
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Regional Scope |
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The global lead recycling market is segmented by end-user industry into construction, electronics, chemical, energy, and others, out of which, the construction segment is anticipated to hold the largest share over the forecast period owing to the increasing use of recycled lead in roofing, gutters, plumbing, and painting iron to avoid rust. Further, the market is segmented by application, into batteries, rolls & extruded products, pigments, and others, out of which, the batteries segment is anticipated to garner the largest size in the market during the forecast period owing to the significantly growing need for lead in manufacturing the batteries for hybrid and electric vehicles.
Our in-depth analysis of the global market includes the following segments:
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By Type |
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By Application |
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By End-User Industry |
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On the basis of regional analysis, the 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 industry is anticipated to account for largest revenue share by 2036, due to 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.
Author Credits: Rajrani Baghel
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