Lead Market Volume Analysis, Segments, Value Share and Key Trends 2014 - 2020

Lead is a soft and malleable metal belonging to the carbon group. It is the heaviest non-radioactive element which occurs naturally on earth in the form of four isotopes: lead-208, 207, 206, and 204. It is generally found in ores with copper, silver and zinc and is extracted together with these metals. Lead compounds exist in two main oxidation states: +4 and +2. It is widely used in construction activities, production of weights, lead-acid batteries, and as a radiation shield. Conventional lead-acid batteries have a significant history in providing energy storage for a wide range of end-use applications, in mobile as well as stationary applications.

The global market for lead has been witnessing noticeable growth on account of growing lead-acid battery consumption. In addition, the global demand is estimated to be significant in the coming years as capacity expansions and new operations boost supply at a faster rate than demand.

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According to government sources of various developed and developing economies, their nationwide demand for energy is expected to be doubled within the next decade. Owing to this, various countries such as China and India have started making huge investments in smart grid technology in order to meet the huge demand for power. Potential investments in smart grid technology has 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. Lead-acid battery exports and production have strongly recovered in China after the wide-ranging environmentally motivated cutbacks in 2011. In addition, increasing adoption of advanced vehicle technologies such as stop-start & hybrid vehicles and renewable energy generation is contributing towards the innovation in lead-based battery segment. Lead-acid batteries based on modern technologies have also been...