Press release
Lead Market Growth Accelerates: Strategic Forecast Predicts $15.9 Billion by 2029
Lead Market
What Will the Lead Industry Market Size Be by 2025?
In recent times, the lead market has witnessed consistent expansion. The market value is predicted to rise from $11.78 billion in 2024 to $12.36 billion in 2025, with a compound annual growth rate (CAGR) of 4.9%. This growth trajectory in the historical period can be credited to sectors such as battery manufacturing, construction, automobile, ammunition production, cable sheathing, and the alloy industry.
What's the Long-Term Growth Forecast for the Lead Market Size Through 2029?
The size of the lead market is predicted to witness robust expansion in the upcoming years, reaching $15.9 billion by 2029, with a CAGR of 6.5%. This anticipated development in the predicted time frame can be credited to factors such as advancements in battery technologies, storage of renewable energy, construction and infrastructure expansion, electric vehicles (EVs) and transportation, as well as worldwide economic recuperation. Key trends within this period are the escalating demand for lead in the construction industry, utilization of lead in cable sheathing and wiring, market growth in emerging regions, incorporation of lead in PVC production stabilizers, and the use of lead in specialty alloys for the military and aerospace sectors.
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What Are the Key Growth Drivers Fueling the Lead Market Expansion?
The rise in the lead market can be attributed to the surge in automotive and construction projects in rapidly evolving nations like China and India. This surge is a result of their growing population and infrastructural development. The term population denotes the aggregate of individuals or residents in a specific country or region. Lead's chemical characteristics make it ideal for power storage and delivery tasks. As a case in point, in March 2024, the United States Census Bureau, a key division of the Federal Statistical System in the U.S., recorded population growth in about 60% (1,876) of U.S. counties from 2022 to 2023. This was an increase from the 52% (1,649 counties) recorded the prior year. The average growth rate was 0.29% as opposed to 0.17% experienced from 2021 to 2022 across the 3,144 counties. Consequently, the escalating population is propelling the expansion of the lead market.
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What Trends Will Shape the Lead Market Through 2029 and Beyond?
The Lead market is witnessing significant trends thanks to the incorporation of IoT, which is boosting decision-making abilities while decreasing manufacturing expenses. By gathering and analyzing real-time data, facilitating communication between devices, pinpointing malfunctioning equipment, and extracting valuable information from accrued data, IoT is revolutionizing the Lead industry.
How Is the Lead Market Segmented?
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
Subsegments:
1) By Automotive: Lead-Acid Batteries; Lead Alloys; Lead Solder; Other Automotive Components
2) By Electronics: Lead Soldering Materials; Lead-Based Semiconductors; Lead-Acid Batteries For Electronics; Other Electronic Components
3) By Other Types: Lead-Based Pigments; Radiation Shielding Materials; Lead Pipes And Fittings; Lead Glass And Crystal Products; Other Industrial Applications
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Which Companies Are Leading the Charge in Lead Market Innovation?
Major companies operating in the lead market include 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., Trevali Mining Corporation, Silvercorp Metals Inc., Belmont Metals Inc., Uchalinsk Mining and Processing Complex JSC, Mehdiabad Zinc Project
Which Regions Are Leading the Global Lead Market in Revenue?
Asia-Pacific was the largest region in the lead market in 2024. The regions covered in the lead market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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