Insights on the Lead Global Market to 2026 – Featuring Glencore, Gravita Metals and Nyrstar Among Others – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Lead Market – Growth, Trends, COVID-19 Impact, and Forecasts (2021 – 2026)” report has been added to ResearchAndMarkets.com’s offering.

The Global Lead Market is projected to register a CAGR of over 5% during the forecast period (2021-2026).

Companies Mentioned

• Canada Metal North America Ltd.
• Glencore
• Gravita Metals
• KOREAZINC
• M. A. Metal Corporation
• Nyrstar
• Teck Resources Limited
• Vedanta Resources Limited (Hindustan Zinc)

Key Market Trends

Battery segment to Dominate the Market

• Lead-acid batteries are used in the form of Starting, Lighting, and Ignition (SLI) Batteries, Stationary Batteries (Telecom, UPS, Energy Storage Systems (ESS), etc.), Portable Batteries (Consumer Electronics, etc.), and more.
• SLI batteries have major applications and are designed for automobiles and are therefore always installed with the vehicle’s charging system, which means that there is a continuous cycle of charge and discharge in the battery whenever the vehicle is in use.
• The major factor attributing to the growth of the SLI battery market is the increasing demand for these batteries to power start motor, lights, and ignition system or other internal combustion engines with high performance, long life, and cost-efficiency.
• The lead-acid battery is the technology of choice for all SLI battery applications in conventional combustion engine vehicles, such as cars, and trucks.
• According to OICA, around 77.62 million vehicles were produced globally in 2020 compared to 92.18 million vehicles that were produced in 2019, witnessing a decreasing growth rate of about 15.8%, thus decreased the demand for batteries installed in the vehicles, thereby negatively impacted the demand for the market studied.
• Although the market for the conventional combustion engine is expected to decline over the next 30-40 years, replacement car technologies are expected to continue to use SLI-type lead-acid batteries to provide power for a range of electronics and safety features within the vehicle. Thereby is expected to enhance the demand for the battery during the forecast period.
• Valve-regulated lead-acid (VRLA) battery finds its application in the off-grid power systems, telecom tower backup system, solar/photovoltaic system, computer UPS, and others.

Asia-Pacific Region to Dominate the Market

• Asia-Pacific is expected to dominate the lead market, with the majority of the demand coming from China, Japan, and India.
• Lead-acid batteries are used in electric vehicles (EVs), mainly commercial EVs, to supplement other ancillary loads. China is currently the largest market for electric vehicles. In April 2020, the Ministry of Finance of the People’s Republic of China has issued a notice on ways to promote financial subsidies for new electric vehicles. It stated that new EVs purchased between January 1, 2021, and December 31, 2022, would be exempted from vehicle purchase tax.
• According to OICA, around 25.23 million vehicles were produced in China during 2020 compared to 25.75 million vehicles that were produced in 2019, witnessing a decreasing growth rate of about 2%, thereby decreased the demand for batteries from the automotive segment of the country.
• In India, the increasing number of solar power projects, and continuous expansion of telecommunication infrastructure are expected to drive the demand for lead-acid batteries in the country, which therefore increases the demand for the lead market during the forecast period. However, the recent decline in the automotive industry may hinder the market in the country.
• According to OICA, around 3.39 million vehicles were produced in India during 2020 compared to 4.52 million vehicles that were produced in 2019, witnessing a decline rate of about 25%, thereby decreased the demand for the batteries used in the vehicles.
• Furthermore, lead sheets are being used in the building and construction industry for roofing, cladding, and for flashing or weathering to prevent water penetration. High-density lead sheets are being used for acoustic insulation purposes inside the building. Some of the other key applications of lead-based products include cornices, gutters, parapets, electrical conduits, and others.

Key Topics Covered:

1 INTRODUCTION

1.1 Study Assumptions

1.2 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Drivers

4.1.1 Growing Demand for Lead-Acid Batteries

4.1.2 Other Drivers

4.2 Restraints

4.2.1 Environmental Regulations

4.2.2 Unfavorable Conditions Arising due to the Impact of COVID-19

4.2.3 Other Restraints

4.3 Industry Value Chain Analysis

4.4 Porter’s Five Forces Analysis

5 MARKET SEGMENTATION

5.1 Application

5.2 Geography

6 COMPETITIVE LANDSCAPE

6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

6.2 Market Share Analysis/Ranking Analysis

6.3 Strategies Adopted by Leading Players

6.4 Company Profiles

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

For more information about this report visit https://www.researchandmarkets.com/r/yf0qkg

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