Press release
Global Lead Market Is Expected to Showcase a CAGR of 6.8% during the forecasted period 2027
The global lead market is segmented by end user into mechanical industry, construction industry, electronic, defense and other. Among these segments construction industry segment is expected to occupy top position of market share in overall lead market during the forecast period. This can be attributed to the rising awareness among people regarding the benefits of using lead batteries in advanced vehicles such as stop-start & hybrid vehicles and renewable energy generation is anticipated to encourage the demand for lead market in upcoming years.
Global lead market is expected to flourish at a CAGR of 6.8% during the forecast period. Additionally, the global lead market is thriving on the back of increasing demand for lead-acid batteries for automotive application on account of increasing automobile industry is expected to showcase a steady growth of the market.
In the regional market, North America captured the largest market share in overall lead market and is expected to continue its dominance over the forecast period. Additionally, end-users are demanding higher levels of quality and, in some instances, full validation of the electric batteries. Advancement of technology allows manufacturing of lead for automobile industry. Further, high awareness amongst the population regarding benefits of using lead such as metals for roofing material is anticipated to encourage the demand for lead market in upcoming years.
Advancement of Technology
The global Lead market is primarily driven by the growing usage of lead products for architectural metals for roofing materials, gutters & gutter joints and on roof parapets. Moreover, rising demand for lead-acid batteries for automotive application is a major factor which is expanding the market size of Lead across all regions. Expansion in absorbed glass mat (AGM) lead acid batteries on account of their favorable characteristic of being maintenance-free are also expected to provide growth opportunities for the lead market.
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Government Regulation and Enactment of Lead
Government of various regions are investing potentially in smart grid technology that further lead to the growth of lead-acid batteries which are used in electrical vehicles (EV) which serve as one of the major component in the smart grid technology.
In contrast, production of high quality Lead is costlier along with strict testing procedure which may dampen the growth of Lead market globally. Additionally, rising competition from the lithium-ion battery in many other lead batteries is challenging for market growth.
The report titled “Lead Market: Global Demand Analysis & Opportunity Outlook 2027” delivers detailed overview of the global lead market in terms of market segmentation by isotopes, by application, by end users and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
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This report also provides the existing competitive scenario of some of the key players of the global Lead which includes company profiling of Canada Metal, EAST PENN Manufacturing Co. Inc., EnerSys IncGlobal Metals, Gravita metals, Johnson Control Inc., M.A. Metal, MMG, Glencore, South32, Vedanta Resources and other key players. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global Lead market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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About Us-
Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision so as to avoid future uncertainties.
Ajay Daniel
Email: ajay.daniel@researchnester.com
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