The recycled lead market is expanding due to the 100% recyclability of lead batteries, essential in automotive and telecom industries, supporting a circular economy.
Extensively utilised as one of the key components of pipes, cable sheathings, lead acid batteries, pigments, rolled extrusions, alloys, ammunitions, and stained-glass windows, and roofing, lead represents massive consumption volume worldwide. There has been an increasing demand for application in wights that are used for scuba diving, which is also a strong driver to global demand for lead. A new study of Fairfield Market Research digs deeper into the recycled lead market, which grows parallelly to lead market. Growing use of recoverable, or recyclable lead in applications like lead acid batteries is expected to remain the key booster to the growth of recycles lead market.
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Lead Recycling and Recovery Remains a Priority of Automotive Industry
Given the fact that lead acid batteries make up for one of the indispensable components of all the petrol-/disease-powered vehicles, the report projects recycled lead uptake to remain upbeat in the near future. Moreover, sustained adoption of lead acid batteries for power backup applications across telecom industry further warrant continued demand generation. A sizeable portion of recycled lead is sold to battery makers again for new battery production. The 100% recyclable lead of lead-based batteries makes them the most recycled consumer product worldwide, which is likely to provide a strong impetus to the progress of recycled lead. Considering the abundance of lead in the vehicle economy, lead recycling remains among the top priorities of automotive industry. This will continue to offer a robust push to global recycled lead market.
Recycled Lead Perfectly Fits in Circular Economy
Increasing awareness about the environmental advantages of lead recycling and recovering has been encouraging industrial participants to incline toward recycled lead production, and usage. With industries across the globe driving toward a low-carbon future via a range of sustainable strategies, raw materials like lead perfectly fit in their goal of achieving a circular economy. Lead can be recycled infinitely without/minimal loss of performance and serves no differently than the newly sourced lead. Its extraordinary end-of-life recycling rate remains unmatched, which will continue to uplift the position of recycled lead across an array of global markets.
Refined lead production from recycled raw material was around 60% of the global lead output in 2017 as indicated by the International Lead and Zinc Study Group (ILZSG). While stats clearly suggest that the world is now producing more lead through recycling than through mining, another interesting fact reveals that a mere 35-40% of energy is required in recycled lead production. The entire process, and material are thus cost-efficient, which will continue to elevate the rate of recycled lead adoption.
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China at Forefront but Challenged by Lack of Regulatory Standardisation
Preliminary regional analysis reveals that China continues its dominance, followed by some of the European countries, and the US. However, the US and European markets will continue to reap benefits from their highly regulated lead battery landscape. On the other hand, high-potential Asian markets like China, and India are likely to face the heat of ineffective compliance regulatory structure for participants in lead battery and recycled battery spaces. Lack of financial incentivisation and support, coupled with absence of legislation in case of noncompliance further add to the existing challenges to growth of these markets.
Leading Companies in Lead Recycling
EXIDE INDUSTRIES LTD., Aqua Metals Inc., AkkuSer, Johnson Controls, Boliden, Clarios, Duesenfeld, Doe Run’s, ECOBAT Technologies, Gianni Mori Engineering S.r.l. (GME), ENERSYS, Gravita Group, Li-Cycle, NAWA Technologies, MedClean Management Solutions, Inc., Pagrik Ethiopia P.L.C., San Lan Technologies Co. Ltd., STC srl, and Recuperación Ecológica de Baterías, S.L. (Recobat) constitute some of the leading players in operating in global lead recycling market space. The report in its competition section sheds light on financial profiles, and strategic developments of some of the leading market players.
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The article discusses the growth of the recycled lead market due to the 100% recyclability of lead batteries.
Lead recycling is crucial for supporting a circular economy and reducing energy consumption in production.
Challenges include regulatory issues in high-potential markets like China and India.
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