Recycled Lead Market Size

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.