Press release
Lead Market Analysis, Regional Outlook, Current Trends, Market Share & Forecast To 2033
Lead Market Analysis
The Business Research Company presents an extensive market research report on the Lead Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The lead market size has grown strongly in recent years. It will grow from $17.09 billion in 2023 to $18.52 billion in 2024 at a compound annual growth rate (CAGR) of 8.4%. The growth in the historic period can be attributed to battery manufacturing, construction industry, automotive sector, ammunition production, cable sheathing and alloys.
The lead market size is expected to see strong growth in the next few years. It will grow to $25.11 billion in 2028 at a compound annual growth rate (CAGR) of 7.9%. The growth in the forecast period can be attributed to battery technologies, renewable energy storage, construction and infrastructure growth, electric vehicles (evs) and transportation, global economic recovery. Major trends in the forecast period include growing demand for lead in construction, lead in cable sheathing and wiring, market expansion in developing regions, lead-based stabilizers in pvc production, lead in specialty alloys for military and aerospace.
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Key Market Players:
Major companies operating in the lead market report are Glencore International plc, China Minmetals Corporation, BHP Group plc, Mitsui Mining & Smelting Co. Ltd., Anglo American plc, Vedanta Resources plc, Nyrstar NV, Grupo Mexico S.A.B. de C.V., Teck Resources Ltd., Sumitomo Metal Mining Co. Ltd., Southern Copper Corporation, Korea Zinc Co. Ltd., First Quantum Minerals Ltd., Hindustan Zinc Ltd., MMG Limited, Yuguang Gold and Lead Co. Ltd., Votorantim Metais Ltda., Henan Yuguang Zinc Industry Co. Ltd., Hudbay Minerals Inc., Doe Run Resources Corp., Huludao Zinc Industry Group Co. Ltd., Hecla Mining Company, Trevali Mining Corporation, Silvercorp Metals Inc., Belmont Metals Inc., Nuclear Lead Co. Inc., Prime Laminating Inc., Ames Metal Products Co. Inc., Uchalinsk Mining and Processing Complex JSC, Mehdiabad Zinc Project
Market Drivers:
The growth in the lead market is due to an increase in automotive, and construction projects in rapidly developing countries such as China and India owing to rising population and infrastructure. Population refers to the whole number of people or inhabitants in a country or region. The chemical properties of lead allow this element to be used in power storage and delivery applications. For instance, In June 2022, according to Worldometer, a US-based reference website that provides counters and real-time statistics for diverse topics, The current population of China is 1,450,341,718. Therefore, the rising population is driving the growth of the lead market.
Learn More About The Market Report -
https://www.thebusinessresearchcompany.com/report/lead-global-market-report
The lead market covered in this report is segmented -
1) By Type: Automotive, Electronics, and Other Types
2) By Mining Type: Underground Mining, Surface Mining
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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