Global Recycled Lead Market Size to worth USD 22.72 Billion by 2033
According to a research report published by Spherical Insights & Consulting, the Global Recycled Lead Market Size is Expected to Grow from USD 15.73 Billion in 2023 to USD 22.72 Billion by 2033, at a CAGR of 3.75% during the forecast period 2023-2033.
Browse key industry insights spread across 210 pages with 110 Market data tables and figures & charts from the report on the Global Recycled Lead Market Size, Share, and COVID-19 Impact Analysis, By Application (Battery, Rolls & Extruded Products, Pigments, and Others), By End-User (Construction, Electronics, Chemical, Energy, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.
Lead recovered from sources such as spent lead-acid batteries and industrial scrap is collected, processed, and sold in the global recycled lead market. Lead alloys, lead oxides, and soft or pure lead are the primary product kinds. Lead-acid batteries, pigments, radiation shielding, rolls, extruded items, energy, transportation, data centers, electronics, construction, and healthcare are just a few of the uses for recycled lead. Increased demand for lead-acid batteries, closed-loop recycling systems, the availability of more scrap lead, lead pricing, economic reasons, and government recycling incentives are some of the drivers driving the industry. The demand for recycled lead is expected to rise significantly due to environmental concerns and stringent waste disposal regulations. Major regions are promoting the use of recycled lead over primary lead to reduce environmental impact. Additionally, industries like battery manufacturers are increasing their consumption of recycled lead due to growing awareness of toxic effects. Environmental concerns are gaining prominence, leading to a need for sustainability and industrial waste reduction. Lead acid batteries, commonly used in automotive applications, can be recycled to reduce pollution and dependence on new lead extraction. Recycling recycled lead is a viable solution for a greener economy and business operations. However, the recycled lead market faces challenges due to volatile prices, high demand, significant investment, and strict environmental regulations, making it difficult to compete based on cost.
The battery segment accounted for the highest share of 80.95% in 2023 and is expected to grow at a significant CAGR during the forecast period.
Based on the application, the recycled lead market is classified into battery, rolls & extruded products, pigments, and others. Among these, the battery segment accounted for the highest share of 80.95% in 2023 and is expected to grow at a significant CAGR during the forecast period. The global demand for lead-acid batteries, widely used in automobiles, is increasing due to their affordability and reliability. As automobile production increases, the demand for new batteries also rises. Recycled lead is crucial in meeting this demand, as it requires less energy and resources than primary lead. As sustainability consciousness grows, battery manufacturers and consumers are increasingly opting for recycled lead to reduce environmental impact.
The construction segment accounted for 38.6% of the market share in 2023 and is anticipated to grow at a CAGR of 3.61% during the forecast period.
Based on the end-user, the recycled lead market is divided into construction, electronics, chemical, energy, and others. Among these, the construction segment accounted for the highest share of 38.6% in 2023 and is anticipated to grow at a CAGR of 3.61% during the forecast period. Lead pipes are widely used in drinking water distribution and drainage due to their malleability, corrosion resistance, and longevity. Recycled lead is also used in roofing, with a natural patina on weathered surfaces ensuring roofs last 50 years or more. With urbanization expected to grow, the roofing segment will continue to demand recycled lead.
North America is estimated to hold the largest share of the recycled lead market over the forecast period.
North America is estimated to hold the largest share of the recycled lead market over the forecast period. The U.S. and Canada have a strong industrial base and recycling infrastructure, making them the major global collectors of used lead. This is due to high lead battery consumption in automotive and UPS systems. The region has strong lead recycling companies and refining facilities, facilitating efficient refurbishment of scrap into recycled lead ingots and oxides.
Asia Pacific is predicted to have the fastest CAGR growth in the recycled lead market over the forecast period. China dominates the Asia Pacific recycled lead market, while India, Indonesia, Thailand, and Vietnam increase collection and refining capacities. Countries like North America trail in recycling infrastructure, but the untapped potential exists due to rising consumption of lead-containing products and environmental concerns. Recycling companies in Asia are leveraging this growing demand.
Competitive Analysis
Major key players in the recycled lead market include Boliden Group, Gravita India Limited, Eco Bat Technologies, Korea Zinc Co., Ltd., Mayco Industries, NYRSTAR, Recyclex S.A., SAR Recycling SA, Henan Yuguang Gold and Lead Co., Ltd., The Doe Run Company, Mittal Pigments, and Others.
Recent Development
- In April 2023, Gravita India Limited declared that it would increase its capacity to recycle lead at Mundra, Gujarat, by 40,500 million tons annually to 60,000 mtpa. The company is expanding as part of its attempts to assist the switch to electric vehicles and satisfy the rising demand for recycled lead.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the recycled lead market based on the below-mentioned segments:
Global Recycled Lead Market, By Application
- Battery
- Rolls & Extruded Products
- Pigments
- Others
Global Recycled Lead Market, By End-User
- Construction
- Electronics
- Chemical
- Energy
- Others
Global Recycled Lead Market, By Regional Analysis
- North America
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa