Technavio’s market research analysts have predicted that the lead market will register a CAGR of close to 7% by 2022. This industry research report presents a detailed analysis of the lead market by application such as batteries and others. The report also presents an analysis of the market’s growth across various geographic regions such as the Americas, APAC, and EMEA.
Lead-acid batteries are primarily used in light commercial vehicles, buses, trucks, passenger cars, and several industrial applications. The battery sector extensively uses lead-acid batteries owing to advantages such as reliability, recyclability, low cost, availability in different shapes and sizes, tolerance to slow-, fast-, and over-charging, and excellent performance at low and high temperatures. This wide-range of advantages have brought demand for lead-acid batteries and is considered as a major contributor to the application segment of the global lead market.