What Has Been The Evolution of the Recycled Lead Market in Recent Years?
The recycled lead market has seen considerable growth due to a variety of factors.
•The market size for recycled lead has consistently expanded over the recent past. It is projected to rise from $17.14 billion in 2024 to approximately $17.49 billion in 2025, reflecting a compound annual growth rate (CAGR) of 2.1%.
The notable growth in the previous years can be linked to the boosted demand for lead-acid batteries, the implementation of closed-loop recycling systems, an increase in the availability of scrap lead, fluctuations in lead prices and other economic factors, as well as government incentives encouraging recycling.
What Is the Forecasted Market Size and Growth Rate for The Recycled Lead Market?
The recycled lead market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for recycled lead is predicted to see a consistent increase in the coming years, reaching a size of $20.56 billion in 2029 with a CAGR of 4.1%.
The projected growth during this period can be credited to the switch to electric vehicles, initiatives related to the circular economy, stricter e-waste laws, infrastructure expansion plans, and the move towards eco-friendly manufacturing. Key trends anticipated during this forecast period involve advancements in lead battery recycling, innovation in lead recovery technology, strategic collaborations and partnerships, and targets for reducing lead pollution.
Which Factors Are Boosting Growth In The Recycled Lead Market?
The surge in demand for electric vehicles is likely to fuel the expansion of the recycled lead market in the future. Electric vehicles (EVs), powered by one or more electric motors, utilize electrical energy preserved in rechargeable batteries or other energy storage systems. Recycled lead batteries in EVs play a crucial role in mitigating environmental damage by decreasing the reliance on raw materials, promoting energy efficiency, and averting the inappropriate disposal of dangerous substances. For example, as stated in April 2023 by the France-based International Energy Agency, electric cars represented about 14% of new car sales in 2022, showcasing a significant increase from nearly 9% in 2021. As a result, the rising demand for electric vehicles is pushing the growth of the recycled lead market.
What Key Areas Define The Segmentation Of The Global 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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How Are Emerging Trends Reshaping The Dynamics Of The Recycled Lead Market?
Leading corporations in the lead recycling trade are innovating to establish fresh lead recycling plants that carry progressive solutions, meeting the market's needs and demands. A novel lead recycling plant serves as a production site where lead-acid batteries are gathered, treated, and recycled to extract valuable materials and minimize waste. An example is that Chloride Metals, a subsidiary of Exide Industries, began commercial production at their fourth lead battery recycling plant in India in March 2022. This latest establishment greatly enhances the company's capabilities to recycle lead-acid batteries, further securing its market placement. The facility is projected to support long-term handling of lead-acid batteries and provide a boost to the circular economy and the endeavor towards environmental conservation.
Who Are the Key Players 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.
What Is The Most Dominant Region 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.
