January 06, 2020
According to the research report titled ‘Lead Market By Type (99.994%, 99.99%, 96%, Others), By Application (Construction, Plumbing, Batteries, Bullets & Shots, Solders, Others), Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, Russia, UK, Italy, Germany, France, Japan, China, India, Indonesia, Malaysia, Thailand, Australia, South Korea, Philippines, Vietnam, Saudi Arabia, Turkey, Kuwait, UAE, South Africa, Qatar, Bahrain, Oman, Egypt, Brazil) Application Potential, Competitive Market Share & Forecast, 2019 – 2025’, available with Market Study Report LLC, the global lead market is expected to cross USD 27 billion by the year 2025.
According to the report, rising adoption of backup power systems in industries, commercial facilities, and residential establishments is driving the growth of the lead market. Limited infrastructural facilities in remote areas has led to scarcity of electricity and frequent blackouts. This factor, in tandem with favorable government initiatives to develop microgrid networks in order to improve grid efficiency is aiding the expansion of the market.
Growing electric vehicle industry and escalating investments in metal mining activities are contributing towards the popularity of the product across the globe. However, factors like growing occurrences of lead poisoning in consort with strict government regulations regarding lead consumption may hinder the growth of the market.
Based on the application spectrum, the report cites that batteries application segment amassed over USD 19 billion in the year 2018. Strict federal reforms pertaining to emission mitigation has exponentially grown the demand for electric vehicles across the globe. This factor along with rising deployment of telecom & data centers and surging need for automotive batteries are fueling the growth of the segment.
As per regional analysis, the report cites that Middle East & Africa lead market is expected to grow at a rate of 5% during 2019-2025. Lack of electricity in Africa has soared the demand for backup power systems which in turn is facilitating the business scenario in the region.
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On the other hand, modest growth of European automotive sector in tandem with rising development of new data centers are augmenting the demand for lead products across the region. Government and major telecom companies are heavily investing in R&D activities to enhance the network connectivity across Nordic region and Western Europe, thereby stimulating the regional industry outlook.
The prominent companies operating in global lead market are Gorevsky GOK, Non-Ferrous Metals Inc., Hemendra Metal Industries, H.M.S. Metal Corp., Doe Run, Teck Resources, Gravita India Ltd., BHP Billiton, Nyrstar, Glencore, Hindustan Zinc Ltd., Aqua Metals Inc., Henan Yuguang Gold Lead Co. Ltd., and Kore Zinc.
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