Press release
Increasing Demand In Battery Production Is Fueling The Market's Growth Due To Increasing Industrialization And Production Needs Driving Market Acceleration in the Lead Chemicals Industry, 2025
Lead Chemicals
How Large Will the Lead Chemicals Market Size By 2025?
In the past few years, the size of the lead chemicals market has seen consistent growth. It is estimated to increase from $1.38 billion in 2024 to $1.44 billion in 2025, growing at a compound annual growth rate (CAGR) of 4.3%. The historical growth of this market can be linked to an upsurge in demand within the battery production sector, a rise in usage as PVC stabilizers, growing utilisation in glass manufacturing, increased use of lead-acid batteries, combined with a surge in demand within the automotive sector.
How Big Is the Lead Chemicals Market Size Expected to Grow by 2029?
The market size for lead chemicals is projected to experience consistent expansion in the upcoming years, reaching a value of $1.69 billion in 2029, with a compound annual growth rate (CAGR) of 4.0%. Factors driving growth during the projection period include the escalating need for energy storage, heightened usage in car batteries, a growing demand for backup power sources, increased utilization in construction materials, and urban infrastructure developments. Key trends predicted for the forecast period involve the incorporation of lead in energy storage, advances in battery efficiency technologies, the creation of environmentally-friendly stabilizers, advancements in the refinement of lead, and its integration within renewable energy systems.
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Which Key Market Drivers Powering Lead Chemicals Market Expansion and Growth?
The lead chemicals market's expansion is forecasted to be driven by the growing need for battery production. Battery production is an industrial procedure that involves creating batteries by combining various elements like electrodes, electrolytes, and separators into comprehensive energy storage units. As the acceptance of electric vehicles intensifies globally, so does the demand for batteries to facilitate more environmentally-friendly transportation. Lead chemicals are vital in battery manufacturing, serving as key active substances in lead-acid batteries, which are commonly used for vehicle and backup power purposes. For example, in November 2023, the Department for Business & Trade, a government department in the UK, reported that by 2030, the UK's annual battery requirement is projected to surpass 100 GWh, rise close to 160 GWh by 2035, and near 200 GWh by 2040. Thus, the lead chemicals market's growth is propelled by the escalating requirement for battery production.
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Which Fast-Growing Trends Are Poised to Disrupt the Lead Chemicals Market?
Key players in the lead chemical market are turning their focus towards the creation of technologically advanced solutions, such as next-gen lead UPS batteries, with the aim of improving energy efficiency, prolonging battery life, and satisfying the increasing demand for dependable backup power systems in both industrial and commercial industries. The term 'next-gen lead UPS batteries' refers to state-of-the-art lead-acid batteries engineered specifically for uninterruptible power supply systems, offering enhanced energy efficiency, speedy charging, and longer lifespan for consistent backup power. For example, C&D Technologies, Inc., a storage battery manufacturer based in China, introduced the Pure Lead Plus UPS battery in June 2022, a next-gen backup power solution intended for data centres and other crucial facilities. Through the use of its patented pure lead and grid technology, this battery delivers up to 40% elongated life, and can even decrease replacement costs by 40% compared to conventional VRLA batteries. The battery runs efficiently at higher temperatures, aiding data centres in reducing their energy costs for cooling while also contributing towards their sustainability objectives. It also requires fewer batteries and less cabinet space for the same operation time.
What Are the Emerging Segments in the Lead Chemicals Market?
The lead chemicals market covered in this report is segmented -
1) By Product Type: Lead Nitrate, Lead Acetate, Lead Chloride, Lead Oxide, Other Product Types
2) By Application: Paints And Coatings, Batteries, Glass And Ceramics, Pigments, Other Applications
3) By End-Use: Automotive, Construction, Electronics, Other End-Uses
Subsegments:
1) By Lead Nitrate: High Purity Lead Nitrate, Industrial Grade Lead Nitrate, Explosive Grade Lead Nitrate
2) By Lead Acetate: Lead(II) Acetate Trihydrate, Lead(II) Acetate Anhydrous, Analytical Reagent Grade
3) By Lead Chloride: Lead(II) Chloride (PbCl2), High Purity Lead Chloride, Laboratory Grade Lead Chloride
4) By Lead Oxide: Red Lead (Pb3O4), Yellow Lead (PbO), Litharge, Battery Grade Lead Oxide
5) By Other Product Types: Lead Carbonate, Lead Sulfate, Lead Stearate, Custom Compounded Lead Derivatives
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Who Are the Global Leaders in the Lead Chemicals Market?
Major Companies operating in the lead chemicals market are Glencore plc, Merck KGaA, Hanwha Corporation, Hebei Yanxi Chemical Co. Ltd., Gravita India Limited, TIB Chemicals AG, Tokyo Chemical Industry Co. Ltd., Hammond Group Inc., Alpha Chemika, PENOX Group GmbH, Dominion Colour Corporation, Flaurea Chemicals S.R.L., Galaxy Pigments Private Limited, Waldies Compound Limited, L.S. Chemicals & Pharmaceuticals, AVA Chemicals Private Limited, Dynakrom S.A. de C.V., Kwang Cheng Co. Ltd., Otto Chemie Private Limited, Cuprichem Private Limited
Which are the Top Profitable Regional Markets for the Lead Chemicals Industry?
Asia-Pacific was the largest region in the lead chemicals market in 2024. The regions covered in the lead chemicals market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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