Press release
Recycled Lead Market 2024 - Global Industry, Key Strategies, Analysis, Business Segmentation, Latest Technology And Outlook By 2033
Recycled Lead Market
The recycled lead market size is expected to see steady growth in the next few years. It will grow to $19.55 billion in 2028 at a compound annual growth rate (CAGR) of 3.0%. The growth in the forecast period can be attributed to transition to electric vehicles, circular economy initiatives, stricter e-waste regulations, infrastructure development projects, shift towards sustainable manufacturing. Major trends in the forecast period include advancements in lead battery recycling, technological solutions for lead recovery, collaborations and partnerships, lead pollution reduction targets.
Market Overview -
Recycled lead refers to lead that has been recovered and processed from various sources, such as used lead-acid batteries, industrial scr*ap, and other lead-containing materials. Recycling involves collecting lead materials, separating the lead from other components, and purifying it to remove impurities.
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Growing Demand For Electric Vehicles Enhances Market Growth
The growing demand for electric vehicles is expected to propel the growth of the recycled lead market going forward. An electric vehicle (EV) is powered by one or more electric motors using electrical energy stored in rechargeable batteries or another energy storage device. Recycled lead batteries in electric vehicles help reduce environmental impact by minimizing the use of raw materials, conserving energy, and preventing the improper disposal of hazardous waste. For instance, in September 2022, according to the International Energy Agency, a Paris-based autonomous intergovernmental organization, electric vehicle (EV) sales had doubled from the previous year in 2021, reaching a new high of 6.6 million units sales compared to 2020, bringing the total number of electric cars on the road to 16.5 million. Therefore, the growing demand for electric vehicles drives the recycled lead market.
Competitive Landscape -
Major companies operating in the recycled lead market report are 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.
Development Of New Recycled Plant
Major companies operating in lead recycling market are focused on the developent of new lead recycling facility with advance solution to match the market need and demand. A new lead recycling facility is a production site designed to collect, process, and recycle lead-acid batteries, with the aim of extracting valuable materials and reducing waste. For instance, in March 2022, Chloride Metals, an Exide Industries subsidiary, commenced commercial production at India's fourth lead battery recycling factory. This new facility significantly expands the company's lead acid battery recycling capabilities, further strengthening its market position. The plant is expected to help with the long-term management of lead-acid batteries and boost the circular economy and environmental conservation efforts.
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Key Segments -
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
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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