Press release
Global Recycled Lead Market Projected to Surpass $20.56 Billion by 2029 with 4% Annual Growth
Recycled Lead Market
The surge in electric vehicle popularity is predicted to spur the expansion of the recycled lead market. Electric vehicles, powered by at least one electric motor that utilizes electricity stored in rechargeable batteries or another energy storage unit, are becoming increasingly common. The environmental impact can be reduced by using recycled lead batteries in these electric vehicles, as this method lessens the dependency on raw materials, saves energy, and stops the incorrect disposal of hazardous substances. For instance, the International Energy Agency, a France-based intergovernmental organisation, stated in April 2023 that the proportion of electric vehicle sales rose to 14% in 2022, up from around 9% in 2021. This growing demand for electric vehicles is, thus, fueling the recycled lead market.
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How will the growth rate of the recycled lead market shape industry trends by 2034?
The expansion of the recycled lead market size has been consistent in the last few years. It's projected to increase from $17.14 billion in 2024 to $17.49 billion in 2025, suggesting a compound annual growth rate (CAGR) of 2.1%. The growth during the historic period may be linked to the elevated demand for lead-acid batteries, the emergence of closed-loop recycling systems, escalation in scra*p lead accessibility, variations in lead prices, and economic conditions, coupled with government incentives for recycling.
In the forthcoming years, a consistent increase is projected in the recycled lead market size, with an expected value of $20.56 billion by 2029, marking a Compound Annual Growth Rate (CAGR) of 4.1%. The anticipated expansion during this projection period can be linked to factors such as the shift to electric automobiles, circular economy endeavors, more severe electronic waste guidelines, infrastructural enhancement projects, and a focus on environmentally friendly manufacturing practices. Some key trends observed during this forecast period encompass progress in lead battery recycling technology, technologically advanced lead recovery methods, strategic collaborations and partnerships, along with concerted efforts towards achieving lead pollution reduction goals.
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What new trends are reshaping the recycled lead market and its opportunities?
In the lead recycling market, major players are focusing on the establishment of innovative lead recycling facilities to cater to market requirements and demands. A new lead recycling facility specializes in harvesting, processing, and recycling lead-acid batteries, leveraging the useful materials and cutting down waste. For example, in March 2022, Chloride Metals, a subsidiary of Exide Industries, started commercial production in India's fourth lead battery recycling plant. This new establishment significantly enhances the company's potential for recycling lead acid batteries and bolsters its market presence. The plant's operation is anticipated to aid with the long-term handling of lead-acid batteries and stimulate the circular economy and preservation of the environment.
Which primary segments of the recycled lead market are driving growth and industry transformations?
The recycled lead market covered in this report is segmented -
1) By Product Type: Soft Or Pure Lead, Lead Alloys, Lead Oxides
2) By Application: Lead Acid Batteries, Pigments And Other Compound, Radiation Shielding, Rolls And Extruded Products, Other Applications
3) By Industry: Energy, Transportation, Data Centers, Electronics, Construction, Healthcare, Other Industries
Subsegments:
1) By Soft Or Pure Lead: Battery-Grade Lead, Sheet Lead, Cast Lead
2) By Lead Alloys: Lead-Antimony Alloys, Lead-Calcium Alloys, Lead-Selenium Alloys, Lead-Tin Alloys
3) By Lead Oxides: Red Lead Oxide (Pb3O4), Lead(II) Oxide (PbO), Lead(IV) Oxide (PbO2)
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Which geographical regions are pioneering growth in the recycled lead market?
Asia-Pacific was the largest region in the recycled lead market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the recycled lead market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the influential players reshaping the recycled lead market landscape?
Major companies operating in the recycled lead market include Glencore plc, Johnson Controls International PLC, Teck Resources Limited, Korea Zinc Company Ltd., Boliden AB, Clarios LLC, Yuguang Gold Lead Co. Ltd., EnerSys Delaware Inc., East Penn Manufacturing Company Inc., Exide Industries Limited, The Doe Run Resources Corporation, Terrapure Environmental Ltd, Gravita India Ltd, Gopher Resource LLC, RSR Corporation, Recylex S.A., Eco-Bat Technologies Ltd, Cohen Recycling, Metalex Products LTD, Sirmet SAS, Azor Ambiental S.A., Engitec Technologies S.p.A, Mayco Industries Inc., C & M Metals Inc., ACE Green Recycling Inc., Mayer Alloys Corporation, Aqua Metals Inc., STC S.r.l., Recieder S.L., Termar S.r.l.
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What Is Covered In The Recycled Lead Global Market Report?
• Market Size Forecast: Examine the recycled lead market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the recycled lead market for a structured understanding.
• Key Players Overview: Analyze major players in the recycled lead market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the recycled lead market.
• Segment Contributions: Evaluate how different segments drive overall growth in the recycled lead market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the recycled lead market.
• Industry Challenges: Identify potential risks and obstacles affecting the recycled lead market.
• Competitive Landscape: Review strategic developments in the recycled lead market, including expansions, agreements, and new product launches.
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