LEAD - OUTLOOK
Global Lead Market Evident by the surge in lead-acid battery consumption, the global lead market has been undergoing a palpable upswing. Furthermore, the global demand is forecasted to maintain
its significance in the forthcoming years, driven by accelerated supply growth through capacity
expansions and novel operations, surpassing the pace of demand.
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Global Lead Market
Global Lead Market Evident by the surge in lead-acid battery consumption, the global lead market has been undergoing a palpable upswing. Furthermore, the global demand is forecasted to maintain its significance in the forthcoming years, driven by accelerated supply growth through capacity expansions and novel operations, surpassing the pace of demand.
Anticipated on this trajectory, the global lead market is poised to command a noteworthy valuation of
USD 59.6 Billion by the year 2032 with a CAGR of 6.9%. In the preceding years, the battery sector dominated with an impressive revenue share, encompassing approximately 85%. Projections indicate that this prevailing pattern will persist throughout the projected timeline spanning from 2022 to 2032.
The escalating appetite for batteries is compelling manufacturers to not only amplify their production
capabilities but also to forge comprehensive integration across the entire value chain.
Indian Lead Market
Indian Lead Market The growth of Indian lead market is driven by applications in automotive, telecom, power backup, and renewables. It’s set to exceed USD 7.6 Billion by 2023, fuelled by auto and telecom sectors, encouraging Make in India and smart city initiatives. Government allocations for smart cities, housing, hybrid telecom, and power infrastructure investments will increase demand. Particularly, Starting, Lighting and Ignition (SLI) batteries dominate, led by auto and two-wheelers production and demand.
RECYCLING MARKET – OUTLOOK
Global Recycling Market
The global waste and recycling market is projected to experience rapid growth in the coming years due to advancements in technology, new regulations, and increased demand for recycled content. The growth highlights the strong momentum of the circular economy, supported by policymakers, major manufacturers, and recycling and waste management firms. In the future, there is a strong likelihood of a shift towards greater utilisation of recycled materials and the adoption of waste prevention and reuse models. The market was valued at USD 60.41 Billion at the end of 2022 and is anticipated to reach USD 88.01 Billion by 2030.
Indian Recycling Market
The concept of the circular economy is relatively new to India; slowly it is gaining prominence. The waste management industry in India holds significant potential, as currently, only 30% of the 75% recyclable waste is being recycled. The need for improvement in waste management arises due to the shortage of appropriate policies for collection, disposal, and recycling, along with the lack of efficient infrastructure in the country. The Indian recycling market is estimated to grow USD 35.87 Billion by 2028.
- Lead
- Lead Alloys
- Calcium Alloys
- Antimony Alloys
- High Antimony Alloys
Our Approach And Solution
Lead has been one of the oldest metal known to have widespread uses commonly due of its properties like easy extraction and to work with, highly malleable, corrosion resistant and so on. The largest known pre industrial producer of lead was the Roman economy, which accounted for about 40% of world production back then. The main uses were construction and ornamentation. Even today Lead continues to be used in the modern society extensively and is an ever-growing industry.
Source: https://www.precedenceresearch.com/recycled-metal-market
