PUBLISHER: The Business Research Company | PRODUCT CODE: 1435440
PUBLISHER: The Business Research Company | PRODUCT CODE: 1435440
Lead extraction involves the process of extracting lead ore from underground mines. Lead is often found in mixtures with other metals, such as zinc and silver. Symbolized as Pb on the periodic table, lead is a metallic element. While lead can exist in nature in a free form, it is most commonly derived from ores such as galena (PbS), anglesite (PbSO4), cerussite (PbCO3), and minum (Pb3O4).
The primary types of lead use are categorized as automotive, electronics, and other applications. In the context of this classification, automotive pertains to the design, operation, manufacture, or sale of automobiles. Lead production is further classified as primary and secondary. The mining methods for lead extraction encompass both underground mining and surface mining.
The lead market research report is one of a series of new reports from The Business Research Company that provides lead market statistics, including lead global industry, regional shares, competitors with a lead market share, detailed lead market segments, market trends and opportunities, and any further data you may need to thrive in the lead industry. This lead global market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
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 expansion observed in the historical period can be attributed to factors such as growth in battery manufacturing, demand from the construction industry, requirements from the automotive sector, ammunition production, and applications in 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 anticipated growth in the forecast period can be attributed to advancements in battery technologies, increased demand for lead in renewable energy storage, growth in construction and infrastructure projects, the rising popularity of electric vehicles (EVs) and transportation, and the expected global economic recovery. Noteworthy trends expected in the forecast period include a growing demand for lead in construction, lead utilization in cable sheathing and wiring, market expansion in developing regions, the use of lead-based stabilizers in PVC production, and the application of lead in specialty alloys for military and aerospace purposes.
The lead market is experiencing growth attributed to the surge in automotive and construction projects in rapidly developing countries such as China and India. This growth is fueled by the increasing population and infrastructure development in these regions. The chemical properties of lead make it suitable for power storage and delivery applications. For example, as of June 2022, the population of China, according to Worldometer, a US-based reference website, stands at 1,450,341,718. The expanding population is a significant factor contributing to the rise in the lead market.
Anticipated growth in the lead market is also driven by the escalating demand for consumer electronics. Consumer electronics encompass electronic devices and gadgets designed for personal, entertainment, communication, and productivity purposes. Lead-based solder, with its low melting point, shielding properties, ductility, and malleability, has been widely used in assembling electronic components. For instance, sales of electronics products from January to September 2022, reported by GFU Consumer & Home Electronics GmbH, a Germany-based electronics provider, amounted to $36.56 billion (Euro 33.7). The increasing demand for consumer electronics is a key factor propelling the growth of the lead market.
The implementation of the Internet of Things (IoT) in the lead industry is a notable trend, enhancing decision-making capabilities and reducing production costs. IoT enables real-time data collection through sensors, analysis of data, communication among equipment, identification of faulty equipment, and extraction of valuable insights from generated data, showcasing significant advancements in the lead market.
Major companies in the lead market are innovating by developing new products such as digital traceability solutions to gain a competitive edge. Digital traceability solutions involve technological systems and tools facilitating the tracking and recording of various activities using digital methods. In November 2023, Anglo American PLC, a UK-based mining company, introduced Valutrax to provide consumers with increased confidence regarding the origin of purchased goods. Utilizing blockchain technology for secure digital data storage, Valutrax offers a customized selection of essential data, simplifying the tracking of metals and minerals from source to customer by providing a centralized point of access for crucial product information.
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
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.
The countries covered in the lead market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
The Lead market includes revenues earned by entities by getting used in car batteries, pigments, ammunition, cable sheathing. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Lead Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on lead market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for lead ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The lead market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of covid 19 on supply chains and consumption patterns.