Market Size of Lead Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 3.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Lead Market Analysis
The lead market is estimated at 10.32 million tons currently and is expected to reach 12.21 million tons over the forecast period, registering a CAGR of over 3% during the forecast period.
The market was negatively impacted by COVID-19 in 2020. Considering the pandemic scenario, construction activities and automotive production were stopped temporarily during the lockdown to curb the spread of new COVID-19 cases, thereby decreasing the demand for lead-based products such as lead batteries, lead sheets, lead-clad steel, and others from the industries. However, the market gained momentum in 2022 and is expected to grow in the forecast period.
- Over the short term, the growing demand for lead-acid batteries in electric vehicles is expected to drive market growth.
- On the flip side, the increasing adoption of lithium-ion batteries and other substitutes is expected to hinder the market's growth.
- The increasing number of solar power projects acts as an opportunity for the lead market to grow soon.
- Asia-Pacific is expected to dominate the global lead consumption, with most of the demand coming from China, South Korea, Japan, and other countries.
