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The global lead mining market size reached approximately USD 9.66 billion in 2023. The market is projected to grow at a CAGR of 2.5% between 2024 and 2032, reaching a value of around USD 12.08 billion by 2032.
Lead, a naturally occurring element, can be found in its free-form in nature. However, it is more commonly obtained from various ores, including galena (PbS), anglesite (PbSO4), cerussite (PbCO3), and minium (Pb3O4).
The initial step in lead mining is the extraction of ores from underground mines and after the extraction, the ores are fragmented into small particles and then they are further processed and refined to obtain the desired purity of lead.
The shift towards electric vehicles, which rely on lead-acid batteries, is also significantly impacting the demand for lead in the automotive sector.
The transition towards renewable energy sources, such as solar and wind, has created a need for efficient energy storage solutions, which further propels the market demand.
Based on production, the market can be bifurcated into primary and secondary. The global lead mining market segmentation, based on application, includes automotive and electronics, among others. The major regional markets for lead mining are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global lead mining market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments, and expansion plans.
According to the global lead mining market analysis, the automotive sector has extensively used lead in paints to prevent corrosion on metal surfaces and for reflective properties. Lead is also a primary component in lead-acid batteries, which have been widely used in vehicles for decades. Moreover, the automotive sector is expected to have significant demand for lead paints in the coming years, attributed to its decorative uses and corrosion-resistant properties.
The Asia Pacific is expected to significantly influence the global lead mining market share during the forecast period owing to extensive lead production in China. The country’s dominance in lead production is primarily due to its vast reserves and well-established mining infrastructure. The country's lead mining operations are spread across various provinces, including Yunnan, Hunan, Guangdong, and Sichuan.
Glencore PLC is one of the largest natural diversified companies that was founded in 1974. The company is engaged in sourcing, recycling, marketing, and producing transition minerals and metals that play an essential role in the low-carbon economy. Its more than 60 commodities are manufactured and marketed in above 35 countries across the globe.
Teck Resources Limited is a leading mining company, based in Vancouver, Canada. It is engaged in providing products that can improve the quality of life of people. It has projects and operations in the United States, Peru, Canada, and Chile, and is focused on mining and mineral development of copper, steelmaking coal, and zinc.
Hecla Mining Company is one of the oldest mining companies based in the United States. The company was founded in the year 1891, and since then has established itself as one of the largest producers of silver in the United States. It is engaged in the production of silver, zinc, and other necessary minerals for the developing renewable energy sector.
Other global lead mining market players include Henan Yuguang Gold and Lead Group Co., Ltd., Korea Zinc Company, Ltd., The Doe Run Resources Corporation, Boliden Group, Vedanta Ltd., Industrias Penoles SAB de CV, and South32 Limited, among others.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Production |
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Breakup by Application |
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Breakup by Region |
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Companies Covered |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
Get in touch with us today for customized, data-driven solutions tailored to your unique requirements!
In 2023, the market reached an approximate value of USD 9.66 billion.
The market is projected to grow at a CAGR of 2.5% between 2024 and 2032.
The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach a value of around USD 12.08 billion by 2032.
The market is being driven by the increasing applications of lead acid batteries and the rapid industrial development in emerging nations.
The growing environmental sustainability concerns and the demand for lead batteries as an efficient energy storage solution are expected to aid the market in the forecast period.
The major regional markets are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The different production methods include primary and secondary.
The key players in the market include Glencore PLC, Teck Resources Limited, Henan Yuguang Gold and Lead Group Co., Ltd., Hecla Mining Company, Korea Zinc Company, Ltd., The Doe Run Resources Corporation, Boliden Group, Vedanta Ltd., Industrias Penoles SAB de CV, and South32 Limited, among others.
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