Lead continues to dominate the application matrix of several chemical elements. Manufacturing of storage batteries is at the heart of market expansion because lead serves as a prominent electrode material for developing rechargeable batteries. Furthermore, lead-acid cells hold tremendous utility across charging and discharging applications for batteries. The industrial applications of lead are an ever-evolving research domain that has kept the market spirits alive. Therefore, use of lead across high-value areas such as radiation protection, cable sheathing, and soldering shall continue to ramp up demand for this chemical element. The value of lead has grown over the years as production of automotive batteries gains momentum. Several countries are investing in cutting-edge technologies and pathways for mining of lead ores.
Lead Recycling Continues to be a Primary Avenue for Obtaining Lead for Industrial Applications
In recent years, recycling of lead has gained momentum as several regions resort to the use of safe pathways of recycling for obtaining lead. Roughly, 40% of lead in the UK is obtained from recycling secondary sources such as pipes and scrap batteries. Recycling of lead is a globally-acclaimed practice that is carried our across regulated and unregulated industries. This has had adverse implications on environmental prosperity and health indices across the world. Therefore, the WHO has stipulated guidelines and regulations to alleviate the adverse impacts of lead recycling, especially from a health perspective. Within the bounds of the regulations and practices recommended by the WHO, lead recycling continues to be a sought-after practice for obtaining lead. Therefore, the global lead market is at the brink of going a notch higher in terms of popularity and consumer traction. In addition to this, new and emerging applications of lead for roofing and architecture are projected to unlock new opportunities for market vendors.
Use of Lead in Car Batteries to Compensate for the Slump in Demand Caused by Ban on Lead-Usage across Key Areas
There is no contention about the historic significance of lead across a multitude of industries including research and experimentation. This has assuredly built a strong foundation for market growth by demonstrating the benefits and applications of lead-usage across key areas. However, several critical application areas have been deemed incorrigible for lead usage. To exemplify, use of lead for manufacturing hair dyes, insecticides, and anti-knocking additives has been banned across several parts of the world. However, the chemical element continues to be a key ingredient for manufacturing ammunition, car batteries, and pigments. Furthermore, the use of lead for storing corrosive liquids has emerged as a prominent driver of demand across the global market. It is safe to assert that the application portfolio of lead commands an expansive territory that is blowing life into the global market. Manufacturers and intermediate users of lead are showing a sense of responsibility in preventing the carcinogenic effects of lead on the human body. Adherence to prevention laws and regulations have made it easier for vendors to exercise their rights in the global lead market.
Lead-Acid Batteries to Remain as the Leading Application Segment for the Market
The growth of the lead market is a direct function of the demand for lead-acid batteries. Until 2017, lead acid batteries accounted for 85% of the total global consumption of lead. Needless to say, the emerging and historic applications of lead-acid batteries are playing a central role in market expansion. The most popular use of lead-acid batteries is for manufacturing electric motors that can be easily recharged. Besides, the tremendous value served by lead-acid batteries across submarines and emergency lightening technologies is also unlocking the potential for market expansion. Owing to the factors stated herein, it is logical to expect the inflow of value-added investments into the global lead market. Investments in logistics of obtaining lead are also boding well for the growth of the global market. Lead processing companies can shore in formidable revenues from the existing market opportunities.
North America and Europe Leverage Lead-Recycling to Feed the Needs of their Leading Industries
It is evident that lead recycling is an emerging industry that is sating the demand for lead across several industries. North America and Europe have emerged as prominent regional territories that recycle almost 100% of their battery lead. Canada ranked 8th in the production of refined lead across the world. Besides, Canadian mines are doing a commendable job in meeting the requirements of lead across the country’s leading industries. However, North America has witnessed fluctuations in prices of lead over the past few years. In terms of volume, China topped the list of the largest lead-producers in the world in 2020. This is an important consideration while assessing the growth dynamics of the Asia Pacific market. This regional market is projected to foresee a rise in demand, complemented by a subsequent growth in lead recycling, in the times to follow. The Republic of North Korea made headlines in 2019 by emerging as one of the largest exporters of lead in 2019. Australia, Mexico, Peru, and United States are amongst other prominent producers of lead across the world.
Glencore Plc has emerged as a prominent player for lead processing and trading. It is a major lead producing company that has generated formidable revenues through its lead processing segment. Other companies are also leveraging the power of lead recycling to capture a larger share of the consumer base. Some of the leading vendors operating in the global lead market are Aqua Metals Inc., AkkuSer, Boliden, Doe Run's, Clarios, Duesenfeld, ENERSYS, EXIDE INDUSTRIES LTD., ECOBAT Technologies, Gianni Mori Engineering S.r.l. (GME), Johnson Controls, Li-Cycle, Gravita Group, MedClean Management Solutions, Inc., Pagrik Ethiopia P.L.C., NAWA Technologies, Recuperación Ecológica de Baterías, STC srl, S.L. (Recobat), and San Lan Technologies Co. Ltd.
Regional Classification of the Global Lead Market is Listed Below:
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
*Regions and countries are subject to change based on data availability.
Key Elements Included In The Study: Global Lead Market
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