The analysts forecast global lead oxide market to grow at a CAGR of 6.34% during the period 2018-2022. One trend in the market is growing preference for circular economy.
More than 50% of lead oxide used in the developed countries such as the US, the UK, Germany, and France are obtained from recycling processes.
More than 70% of the lead-acid battery materials can be recycled. Lead recycling reduces carbon emission and saves energy.
The low energy consumption involved in the production of lead oxide from recycling is also expected to augment the market growth.
Major key players in the global lead oxide market: Gravita India, HAMMOND GROUP, Merck, PENOX Group, and Waldies Compound.
According to the lead oxide market report, one driver in the market is increasing demand from developing countries. The global lead oxide market is witnessing high growth rate from developing economies of the world such as China, India, China, Brazil, Mexico, the Philippines, and Indonesia.
Many OEMs of lead oxide are shifting their manufacturing activities to these countries due to factors such as low transportation costs, the availability of land, cheap labor, raw materials, and less stringent government regulations. The growing population, high disposable income, and increasing purchasing power in developing countries of APAC and Latin America are promoting incremental investment rates in automobile and other manufacturing activities.
Further, the lead oxide market report states that one challenge in the market is stringent regulations and policies. The growing health concerns related to lead oxide manufacturing is expected to hinder the market.
The constant push from the regulatory agencies such as Environmental protection agency (EPA) and Registration, Evaluation, Authorization, and Restriction of Chemicals (REACH) on environmental and sustainability issues is expected to impede the market growth. When inhaled, the lead oxide can cause irritation to lungs.
In cases of accidental dosage, one might experience chest pain, metallic taste, and abdominal aches. When ingested, it will dissolve in gastric acid and result in lead poisoning with symptoms such as irritability, agitation, hypertension, vision disorders, and others.
Key questions answered in this lead oxide market report:
What will the market size be in 2022 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
Report at www.reportsnreports.com/.aspx?name=1299363.
Major Points from Table of Contents:
1: Executive Summary
2: Scope of The Report
3: Research Methodology
5: Market Landscape
6: Market Sizing
7: Five Forces Analysis
8: Market Segmentation by Application
9: Customer Landscape
10: Regional Landscape
11: Decision Framework
12: Drivers and Challenges
13: Market Trends
14: Vendor Landscape
15: Vendor Analysis