DUBLIN – (COMMERCIAL THREAD)–The “Main Market – Growth, Trends, COVID-19 Impact and Forecast (2021 – 2026)” report was added to ResearchAndMarkets.com offer.
The global lead market is expected to register a CAGR of over 5% during the forecast period (2021-2026).
Canada Metal North America Ltd.
MA Metal Corporation
Teak 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 starter, lighting and ignition (SLI) batteries, stationary batteries (telecoms, UPS, energy storage systems (ESS), etc.), portable batteries (consumer electronics, etc.) and Suite.
SLI batteries have major applications and are designed for automobiles and therefore are always installed with the vehicle’s charging system, which means there is a continuous cycle of charge and discharge in the battery each time the vehicle is used.
The main factor attributable to the growth of the SLI battery market is the increasing demand for these batteries to power the starter motor, lights and ignition system or other internal combustion engines with high performance, long life. life and profitability.
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 worldwide in 2020, compared to 92.18 million vehicles produced in 2019, showing a decreasing growth rate of around 15.8%, thus decreasing demand for batteries installed in vehicles, which has had a negative impact on demand. for the studied market.
Although the conventional combustion engine market is expected to decline over the next 30-40 years, car replacement technologies are expected to continue to use SLI-type lead-acid batteries to power a range of electronic and safety functions in the industry. the vehicle. . The demand for the battery is thus expected to increase during the forecast period.
Valve Regulated Lead Acid Battery (VRLA) finds application in off grid power systems, telecom tower backup system, solar / photovoltaic system, computer inverter and others.
The Asia-Pacific region will dominate the market
Asia-Pacific is expected to dominate the primary market, with the majority of demand coming from China, Japan and India.
Lead-acid batteries are used in electric vehicles (EVs), primarily commercial EVs, to supplement other auxiliary loads. China is currently the largest market for electric vehicles. In April 2020, the Ministry of Finance of the People’s Republic of China issued a notice on how to promote financial subsidies for new electric vehicles. He said new electric vehicles purchased between January 1, 2021 and December 31, 2022 would be exempt from the vehicle purchase tax.
According to OICA, around 25.23 million vehicles were produced in China in 2020, compared to 25.75 million vehicles produced in 2019, showing a decreasing growth rate of around 2%, thus decreasing demand for automotive segment batteries nationwide.
In India, the increasing number of solar power projects and the continued expansion of telecommunications infrastructure are expected to drive the demand for lead-acid batteries in the country, hence increasing the demand for the lead market during the period. forecast. However, the recent decline in the auto industry could hamper the market in the country.
According to OICA, around 3.39 million vehicles were produced in India in 2020, compared to 4.52 million vehicles produced in 2019, showing a decline rate of around 25%, thus decreasing the demand for batteries. used in vehicles.
Additionally, lead sheets are used in the building and construction industry for roofing, siding, and flashing or weathering to prevent water ingress. High density lead sheets are used for sound insulation purposes inside the building. Some of the other key applications for lead products include cornices, gutters, parapets, electrical conduits, and others.
Main topics covered:
1.1 Study hypotheses
1.2 Scope of the study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4.1.1 Growing Demand for Lead-Acid Batteries
4.1.2 Other pilots
4.2.1 Environmental regulations
4.2.2 Adverse conditions resulting from the impact of COVID-19
4.2.3 Other restrictions
4.3 Industry Value Chain Analysis
4.4 Porter’s five forces analysis
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 the main actors
6.4 Company profiles
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information on this report, visit https://www.researchandmarkets.com/r/yf0qkg