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Lead Market

Market Insights on Lead covering sales outlook, demand forecast & up-to-date key trends

Lead Market By Isotope (Lead-204, Lead-207, Lead-208, Lead-206), Application (Ammunition, Batteries, Construction, Electronics, Marine, Plumbing) & Region - Forecast to 2022-2032

Lead Market Overview

The lead market is projected to register a CAGR of over 5% during the forecast period.

“Over the short term, the growing demand for lead-acid batteries globally is expected to drive the market growth.”

Conventional lead-acid batteries have a significant history in providing energy storage for a wide range of end-use applications, in mobile as well as stationary applications.

The global market for lead has been witnessing noticeable growth on account of growing lead-acid battery consumption. In addition, the global demand is estimated to be significant in the coming years, as capacity expansions and new operations boost supply at a faster rate than demand.

Attributes

Details

Lead Market CAGR (2022-2032)

5%

Prominent Lead Market

North America

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How is the Adoption Scenario of Lead Market?

“High public awareness of the benefits of employing lead batteries in sophisticated cars, such as stop-start and hybrid vehicles, as well as renewable energy generation, is expected to boost demand for lead in the future years.”

According to government sources of various developed and developing economies, their nation-wide demand for energy is expected to be doubled within the next decade. Owing to this, various countries, such as China and India have started making huge investments in smart grid technology in order to meet the huge demand for power.

Potential investments in smart grid technology have further led to the growth of lead-acid batteries, which are used in electrical vehicles (EV), which serve as one of the major components in the smart grid technology. In addition, increasing adoption of advanced vehicle technologies, such as stop-start & hybrid vehicles and renewable energy generation, is contributing towards the innovation in the lead-based battery segment.

Lead-acid batteries based on modern technologies have also been gaining significant importance in applications where batteries are considered extremely vital for their mechanism, as well as in new applications such as grid storage for renewable energy generation.

Growth of the building construction industry is anticipated to be one of the major factors driving the demand for lead over the next few years. Lead is widely used in the construction industry as architectural metals for roofing materials, gutters and gutter joints, and on roof parapets.

Moreover, increasing demand for lead-acid batteries for automotive applications on account of rising automobile industry is expected to contribute to the growth of the market. However, growing health concerns regarding the use of lead paints are expected to slow down the growth of the market.

Nikhil Kaitwade
Principal Consultant
LinkedIn
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How are different countries utilizing the Lead Market's growth opportunities?

“The market is predicted to increase steadily due to rising demand for lead-acid batteries for automotive applications as the vehicle industry grows.”

North America was the largest consumer for lead owing to its vast construction and automobile industry. The demand in Europe is expected to rise moderately on account of declining automobile sales.

However, future market growth is expected to be from Asia Pacific on account of rising demand for energy in smart grid technology, which includes electrical vehicles operated on lead batteries. Lead-acid battery exports and production have strongly recovered in China after the wide-ranging environmentally motivated cutbacks in 2011.

This factor is further expected to provide new opportunities for the growth of the market. Development of absorbed glass mat (AGM) lead acid batteries on account of their favorable characteristic of being maintenance-free are also expected to provide growth opportunities for the lead market.

How is the Lead Market Segmented?

“Battery was the largest segment with a revenue share of around 85% in 2019, and this trend is expected to continue over the forecast period. The increasing demand for batteries is propelling manufacturers to expand their production capacity and integrate across the value chain. “

On the basis of Isotopes, Lead Market can be divided into lead-208, 207, 206, and 204. It is generally found in ores with copper, silver and zinc, and is extracted together with these metals. Lead compounds exist in two main oxidation states: +4 and +2. On the basis of application, it is divided into ammunition, batteries, construction, electronics, marine, plumbing, and other.

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Key Segments

Attributes

Details

Forecast Period

2022-2032

Historical Data

2014-2020

Market Analysis

USD Bn for value

By Application

  • Ammunition
  • Batteries
  • Construction
  • Electronics
  • Marine
  • Plumbing
  • Others

By Isotope

  • Lead-204
  • Lead-207
  • Lead-208
  • Lead-206

By region

  • Asia Pacific
  • North America
  • Europe
  • South America
  • Middle East and Africa

Key players

  • EnerSys Inc.
  • Global Metals
  • Gravita Metals
  • Johnson Control Inc.
  • M.A. Metal Corporation
  • Canada Metal
  • EAST PENN 

Frequently Asked Questions

The lead market is expected to register a CAGR of 5% from 2022 to 2032.

Lead acid battery is a key segment in the lead market.

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Nikhil Kaitwade
Principal Consultant
LinkedIn
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