Growth Drivers
Challenges
On the basis of regional analysis, the global 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 is projected to witness the highest CAGR during the forecast period on the back of 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.
The global recycled lead market is further classified on the basis of region as follows:
Base Year |
2024 |
Forecast Year |
2025-2037 |
CAGR |
2.8% |
Base Year Market Size (2024) |
USD 18.58 billion |
Forecast Year Market Size (2037) |
USD 26.6 billion |
Regional Scope |
|
Author Credits: Rajrani Baghel
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