Recycled lead, commonly referred to as secondary lead, is derived from various lead-containing components, including cable sheathings, lead acid batteries, lead sheet boards, pipes, plumbing articles, and more. Globally, lead has the highest recycling rates, surpassing common recyclable products like paper, cardboard, glass, and rigid plastics/bottles. Recycling involves extracting lead from these components and repurposing it for various applications. Recycled lead is used to produce lead-acid batteries, including automotive, industrial, and stationary batteries. It is utilized in the manufacturing of lead-based products like roofing materials, radiation shielding, and plumbing fixtures.
According to Data Bridge Market Research, the Recycled Lead Market is accounted at USD 16.53 billion in 2021 and is expected to reach USD 20.78 billion by 2029. The market is expected to grow with a CAGR of 2.90% in the forecast period of 2022 to 2029.
“Rising demand of recycled lead due to exceptional properties boosts the market’s growth”
The growth of the recycled lead market is driven by the increasing demand for recycled lead, primarily due to its exceptional properties. Recycled lead exhibits similar qualities and performance as primary lead, making it a cost-effective and sustainable alternative. The exceptional properties of recycled lead, such as high durability, corrosion resistance, and malleability, make it highly desirable for various applications. The rising focus on environmental sustainability and the circular economy further contribute to the growth of the recycled lead market as a preferred choice over primary lead.
What restraints the growth of the recycled lead market?
“Pollution caused by lead waste restraints the market’s growth”
The growth of the recycled lead market is hindered by the pollution caused by lead waste. Lead waste, if not properly managed or recycled, can pose significant environmental hazards, such as soil and water contamination. These concerns about pollution and the potential health risks associated with lead exposure create regulatory restrictions and stringent environmental standards for the recycling of lead. The need for extensive waste management infrastructure and adherence to environmental regulations can increase the operational costs and complexity of lead recycling, thus restraining the growth of the recycled lead market.
Segmentation: Recycled Lead Market
The recycled lead market is segmented on the basis of product type, application, and end user.
- On the basis of product type, the recycled lead market has been segmented into soft/pure lead, lead alloys, and lead oxides.
- On the basis of application, the recycled lead market has been segmented into lead acid batteries, pigments and other compound, radiation shielding, rolls, and extruded products, others.
- On the basis of end user, the recycled lead market has been segmented into energy, transportation, data centers, electronics, construction, and healthcare.
Regional Insights: Asia-Pacific dominates the recycled lead market
Asia-Pacific dominates the recycled lead market during the forecast period. China, being the largest consumer and producer of recycled lead globally, is focusing on expanding its secondary manufacturing sector. This emphasis is driven by environmental concerns that limit the release of new capacity for lead concentrates in the region. The country's emphasis on the growth of its recycling industry is a response to environmental issues, ensuring the utilization of recycled lead as an alternative to primary production methods and promoting sustainable practices in the lead market.
Middle East and Africa are anticipated to be the fastest developing regions during the forecast period of 2022-2029 owing to the rapid increase in battery production in Africa has contributed to the growth of the recycled lead market. However, this growing production has also led to significant lead poisoning issues in the region. The expansion of battery manufacturing has brought about environmental and health concerns due to improper handling and disposal of lead-containing materials.
To know more about the study visit, https://www.databridgemarketresearch.com/reports/global-recycled-lead-market
The Prominent Key Players Operating in the Recycled Lead Market Include:
- EXIDE INDUSTRIES LTD. (India)
- EnerSys (U.S.)
- Aqua Metals, Inc (U.S.)
- Ecobat (U.S.)
- Canada Metal North America Ltd, (Canada)
- Gravita India Ltd (India)
- The Doe Run Company (U.S.)
- Mayco Industries (U.S.)
- KOREAZINC (South Korea)
- Yuguang Gold Lead Co., Ltd. (China)
- Recylex (France)
Above are the key players covered in the report, to know about more and exhaustive list of recycled lead market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Recycled Lead Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
