Press release
Soaring Demand Set to Propel Recycled Lead Market to $20.56 Billion by 2029
Recycled Lead Market
What Is the Expected CAGR for the Recycled Lead Market Through 2025?
In recent times, the market size for recycled lead has demonstrated stable growth. It is predicted to expand from a worth of $17.14 billion in 2024 to a value of $17.49 billion in 2025, with a Compound Annual Growth Rate (CAGR) of 2.1%. The growth observed during the historic period can be credited to factors such as the surge in demand for lead-acid batteries, the emergence of closed-loop recycling systems, increased availability of scra*p lead, fluctuating lead prices, economic conditions, and government incentives promoting recycling.
What's the Projected Size of the Global Recycled Lead Market by 2029?
The market size for recycled lead is projected to experience consistent growth in the coming years, reaching $20.56 billion in 2029, with a Compound Annual Growth Rate (CAGR) of 4.1%. This growth during the predicted period can be linked to factors like the adoption of electric vehicles, programs promoting a circular economy, strict e-waste laws, infrastructure improvement projects, and a move towards sustainable manufacturing. Noteworthy trends for this forecast period are improvements in lead battery recycling, technological advancements for lead retrieval, cooperation and strategic alliances, and aims to decrease lead pollution.
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Top Growth Drivers in the Recycled Lead Industry: What's Accelerating the Market?
The anticipated surge in electric vehicle demands is likely to fuel expansion in the recycled lead sector. An electric vehicle (EV) operates on one or more electric motors that draw power from rechargeable batteries or other energy storage systems. The inclusion of recycled lead batteries in these vehicles lowers environmental damage by optimizing raw material usage, saving energy and averting incorrect disposal of hazardous waste. For instance, data from the International Energy Agency, a French intergovernmental organization, revealed that in 2022, electric cars comprised 14% of new car sales, a notable rise from around 9% the prior year in April 2023. Consequently, the increasing electric vehicle demand stimulates the recycled lead industry.
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What Trends Will Shape the Recycled Lead Market Through 2029 and Beyond?
Leading firms in the lead recycling market are concentrating on establishing new lead recycling facilities equipped with advanced solutions to meet market demands. These facilities are intended to gather, process, and recycle lead-acid batteries, thereby extracting valuable materials and minimizing waste. An example of this is Chloride Metals, a subsidiary of Exide Industries, which began commercial operations at the fourth lead battery recycling factory in India in March 2022. This new plant significantly enhances their ability to recycle lead-acid batteries, further consolidating their market standing. The factory is anticipated to aid in the long-term handling of lead-acid batteries and propulsion of the circular economy and environmental preservation practices.
What Are the Main Segments in the Recycled Lead Market?
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 Top Companies are Driving Growth in the Recycled Lead Market?
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.
Which Regions Will Dominate the Recycled Lead Market Through 2029?
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.
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