June 21, 2024
Recycled Lead Market

Recycled Lead Market in Trends by Growing Environmental Concerns

The recycled lead market involves the collection and processing of used lead batteries and lead-acid batteries to recover lead for reuse. Lead is 100% recyclable and can be reclaimed and used again without any loss of quality. Lead recycling helps reduce energy usage and environmental pollution associated with mining and processing of newly extracted lead.

The global recycled lead market is estimated to be valued at US$ 15.16 Bn in 2024 and is expected to exhibit a CAGR of 3.8% over the forecast period 2024 to 2031.

Key Takeaways

Key players operating in the recycled lead market are Aqua Metals, Inc., 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. Recycling of lead batteries is gaining prominence due to growing environmental concerns and stringent regulations regarding disposal of used batteries. The rising demand for lead from industries such as automotive, electronics, telecom, and electrical grids is also fueling the Recycled Lead Market Growth. Geographically, Asia Pacific dominates the global recycled lead market owing to presence of recyclers and availability of low-cost labor for battery collection and processing in countries like India and China.

Market Key Trends

One of the key trends gaining traction in the recycled lead market  is advanced processing technologies for battery recycling. New developments involve sensor-based sorting, robotics for dismantling, and hydrometallurgical processes that can efficiently separate over 95% of lead from battery scrap with minimal pollution. These technologies are helping recyclers boost throughput, yield higher purity lead, and comply with tightening environmental standards. Adoption of advanced recycling technologies will drive more efficient resource utilization from used batteries and support growth of the global Recycled Lead Market over the coming years.

Porter’s Analysis

Threat of new entrants: The capital requirements in setting up a recycled lead manufacturing facility is high. Additionally, established players have significant brand recall and economies of scale which pose significant barriers for new entrants.

Bargaining power of buyers: Buyers have moderate bargaining power due to the availability of substitutes. However, established supply relationships temper buyers’ ability to significantly lower prices.

Bargaining power of suppliers: Suppliers of raw materials like used lead-acid batteries have moderate bargaining power due to consolidated supply globally and the need to maintain relationships.

Threat of new substitutes: Substitutes like aluminium offer a viable alternative, putting pressure on recycled lead prices. However, lead remains economically attractive for certain applications.

Competitive rivalry: The recycled lead industry sees moderate competition due to the presence of large globals and regionals with differentiation in terms of plant location and certifications.

Geographically, North America accounts for the largest share in the global recycled lead market, with the US as a major consumer. Stringent regulations regarding lead recycling and reuse in the region drive significant demand.

Asia Pacific excluding Japan is expected to fastest growing market during the forecast period supported by rising consumption from countries such as China and India. Increasing production of lead-acid batteries from automobile and industrial sectors in the region presents new opportunities.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it