November 25, 2020
According to the recent research report titled ‘Recycled Lead Market Size By Product, By Application, By Industry Industry Analysis Report, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026’, available with Market Study Report, global recycled lead market is anticipated to register an appreciable growth rate during 2020-2026.
Escalating energy storage demand from data centers and telecom sector, surging demand for uninterrupted power supply, and increasing recycling rate of lead acid batteries are major factors driving the growth of global recycled lead market.
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Notably, the growth of the global lead industry along with substantial usage of lead in different end-use applications in the recent past has made lead recycling a necessity. Lead recycling helps encourage sustainable development and relieve the burden on non-renewable resources. In fact, in comparison to virgin lead, recycled lead is cost efficient and consumes less than one-fourth of the energy required to extract lead from its ore. Moreover, the carbon footprint of lead recycling is much smaller than that of mining and it decreases the amount of waste produced during primary extraction, which further improves the growth prospects of the overall recycled lead industry.
Despite the positive outlook of the industry, strict regulatory framework and rising penetration of alternative lithium-ion batteries are likely to leave a negative impact on the business landscape during the forecast period.
Speaking of end-use scope, global recycled lead market is bifurcated into telecommunication, data centers, healthcare, energy, electronics, transportation, construction, and others which includes ammunition and industrial segment.
Construction segment is expected to gain considerable traction over the projected timeline, attributable to widespread use of recycled lead in roofing and plumbing applications. Moreover, lead and its compounds, as well as alloys are used in flashing gutters, parapets, electrical conduits, cladding, cornices, tank linings, and building roofs.
From a regional perspective, Latin America recycled lead industry is expected to record 1.3% CAGR through 2026, owing to increasing construction activities and rapid expansion of several end-use industries. Growing application of lead in automotive and industrial sector is set to expand the regional market size in the coming years.
Major players impacting global recycled lead market dynamics are Yuguang Gold Lead Co., Ltd., Tianjin Dongbang Lead Resources Recycling Co., Ltd., Mayco Industries, Inc., Gravitas Group, The Doe Run Company, Canada Metal North America Ltd., ECOBAT Technologies Ltd., EnerSys, Aqua Metals, Inc., Exide Industries Ltd., and Recylex S.A.