Recycled Lead Market Clinical Research Analysis and Global Outlook 2022 to 2027
Stratview Research delivers key insights on the global Recycled Lead Market. According to Stratview Research, the market is estimated to grow at a decent CAGR of 5.1% during the forecast period to reach a value of US$ 310 Million in 2027.
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The present report can be of high utility for the key decision-makers and growth strategists in terms of precise market insights, forthcoming growth opportunities, and key success factors. Especially, the report also analyses and mentions the possible impact of COVID-19 on the market dynamics. This will not only help in mitigating the uncertain business environment, but also help in rearranging the strategies and future- decisions in a fruitful manner.
Key Players
The following are some of the key players in the Recycled Lead Market:
Aqua Metals, Inc.
Canada Metal North America Ltd.
ECOBAT technologies
ENERSYS
Exide batteries
Gravitas Group
Mayco Industries
Recylex S.A
The Doe Run Company
Tianjin Dongbang Lead Resources Recycling Co., Ltd.
Growth drivers and Market Value:
This report, from Stratview Research, studies the Recycled Lead Market value and growth drivers over the trend period of 2022-27. According to the report -
Recycled Lead Market is likely to witness a CAGR of 3.5% during the forecast period. The growth of the recycled lead industry is basically driven by a wide range of applications in various industries such as energy, data centers, transportation, construction, electronics, and healthcare during the forecast period. According to the International Lead Association, approximately more than 50% of the demand for lead across the world is obtained from recycled lead, which is mainly because of the simple production and cost-efficient features of recycled lead, along with the decreasing number of lead mining, owing to the depletion of lead ores and surge in the regulation of lead mining. On the other hand, the use of lead-acid batteries, majorly in automobiles, having lower cost and longer shelf life, are likely to fuel the growth of the recycled lead market during the forecast period.
Segment Analysis:
Based on Application Type:
Based on the application type, the market is segmented as lead acid batteries, radiation shielding, rolls & extruded products, and others. Lead acid batteries are estimated to be the fastest-growing application type of the market during the forecast period. Recycled lead used for producing lead acid batteries is completely recyclable and recoverable. On the other hand, secondary lead is processed, cast, and rolled into different forms such as sheets, billets, wires, and is employed for further industrial uses. Lead acid batteries are the major sources for recycling lead, in which every component is separated; lead is processed and converted into different forms for further applications in the lead industry.
Based on Region:
In terms of regions, Asia-Pacific accounted for the largest share of the overall recycled lead market in 2021. The region is likely to maintain its leading position with China being the largest recycler and consumer of lead scrap during the forecast period. There will be an enormous quantifiable surge of secondary demand for lead, owing to the low cost of lead acid batteries along with the growing demand for energy storage for data centers and solar energy over the coming years. There is an increase in the number of investments in recycling infrastructure in countries such as India and Malaysia, which is estimated to result into a greater production of secondary lead. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.
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FREQUENTLY ASKED QUESTIONS
The report answers several questions related to the market. The user can get to know the answers to the following questions…
- What is the global demand for Recycled Lead Market in terms of revenue?
- Which are the prominent players in the market?
- At what CAGR is the market projected to grow within the forecast period?
- What are the driving factors fuelling the growth of the market?
- Which region accounted for the largest share in the market?
- How did the Covid19 impacted the market?
- How long will it take to recover from the Covid impact?
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