Lead Market Trends, Growth Revenue, Strategies, Overview By 2024-2033
Overview and Scope
Lead refers to the process of extraction of lead ore from under-ground mines. Lead can also be found in mixtures with other metals such as zinc and silver. Lead is a connecting element with the organic table symbol Pb. Although lead is known to exist in nature in free form, it is most commonly derived from the ores galena (PbS), anglesite (PbSO4), cerussite (PbCO3), and minum (Pb3O4).
Sizing and Forecast
The lead market size has grown strongly in recent years. It will grow from $17.09 billion in 2023 to $18.52 billion in 2024 at a compound annual growth rate (CAGR) of 8.4%. The growth in the historic period can be attributed to battery manufacturing, construction industry, automotive sector, ammunition production, cable sheathing and alloys.
The lead market size is expected to see strong growth in the next few years. It will grow to $25.11 billion in 2028 at a compound annual growth rate (CAGR) of 7.9%. The growth in the forecast period can be attributed to battery technologies, renewable energy storage, construction and infrastructure growth, electric vehicles (evs) and transportation, global economic recovery. Major trends in the forecast period include growing demand for lead in construction, lead in cable sheathing and wiring, market expansion in developing regions, lead-based stabilizers in pvc production, lead in specialty alloys for military and aerospace.
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Segmentation & Regional Insights
The lead market covered in this report is segmented –
1) By Type: Automotive, Electronics, and Other Types
2) By Mining Type: Underground Mining, Surface Mining
Asia-Pacific was the largest region in the lead market in 2023. The regions covered in the lead market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The growth in the lead market is due to an increase in automotive, and construction projects in rapidly developing countries such as China and India owing to rising population and infrastructure. Population refers to the whole number of people or inhabitants in a country or region. The chemical properties of lead allow this element to be used in power storage and delivery applications. For instance, In June 2022, according to Worldometer, a US-based reference website that provides counters and real-time statistics for diverse topics, The current population of China is 1,450,341,718. Therefore, the rising population is driving the growth of the lead market.
Key Industry Players
Major companies operating in the lead market report are Glencore International plc, China Minmetals Corporation, BHP Group plc, Mitsui Mining & Smelting Co. Ltd., Anglo American plc, Vedanta Resources plc, Nyrstar NV, Grupo Mexico S.A.B. de C.V., Teck Resources Ltd., Sumitomo Metal Mining Co. Ltd., Southern Copper Corporation, Korea Zinc Co. Ltd., First Quantum Minerals Ltd., Hindustan Zinc Ltd., MMG Limited, Yuguang Gold and Lead Co. Ltd., Votorantim Metais Ltda., Henan Yuguang Zinc Industry Co. Ltd., Hudbay Minerals Inc., Doe Run Resources Corp., Huludao Zinc Industry Group Co. Ltd., Hecla Mining Company, Trevali Mining Corporation, Silvercorp Metals Inc., Belmont Metals Inc., Nuclear Lead Co. Inc., Prime Laminating Inc., Ames Metal Products Co. Inc., Uchalinsk Mining and Processing Complex JSC, Mehdiabad Zinc Project
The lead market report table of contents includes:
1. Executive Summary
2. Lead Market Characteristics
3. Lead Product/Service Analysis -Product/Service Examples
4. Lead Market Trends And Strategies
5. Lead Market – Macro Economic Scenario
………..
68. Global Lead Market Competitive Benchmarking
69. Global Lead Market Competitive Dashboard
70. Key Mergers And Acquisitions In The Lead Market
71. Lead Market Future Outlook and Potential Analysis
72. Appendix
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