Lead Mining Market Characteristics
The lead mining market consists of sales of lead ores and concentrates by entities (organizations, sole traders and partnerships) that mine lead ore. The industry includes establishments developing mine sites, mining and preparing lead ores including smithsonite mining, sphalerite mining, willemite mining, calamine mining, cerussite mining, galena mining, lead ore mining, and lead-zinc ore mining.
Competitive Landscape of the Lead Mining Market
Major players in the global lead mining market include Anglo American Plc, Vedanta Resources Plc, BHP Billiton Ltd, Hudbay Minerals Inc., and Southern Copper Corporation.
Lead Mining Market Size
The lead mining market size is expected to reach a higher value by 2022, significantly growing at a steady CAGR during the forecast period. The growth in the Lead mining market is due to increase in automotive, construction projects in rapidly developing countries such as China and India owing to rise in population and infrastructure.
However, the market for lead mining is expected to face certain restraints from several factors such as interest rate increases, workforce issues and safety.
Lead Mining Market Segmentation
The global lead mining market is further segmented based on type and geography.
By Type - The lead mining market is segmented into Automotive, Electronics, Others.
By Geography - The global lead mining is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia-Pacific lead mining market accounts the largest share in the global lead mining market.
Trends in the Lead Mining Market
The implementation of IoT in lead mining industry is enhancing decision making capabilities and reduces production costs. IoT enables the sensors to pick up real time data, analyze the data, facilitate equipment communication, identifies faulty equipment and derive insights from the data generated, as the major trends witnessed in the global lead mining market.
Potential Opportunities in the Lead Mining Market
With increase in automotive and construction projects, improving technology the scope and potential for the global lead mining market is expected to significantly rise in the forecast period.