Global Lead Oxide Market 2018-2022
About Lead Oxide
Lead oxides are inorganic compounds formed by the oxidation of lead in solid and liquid forms. Commercial lead oxides are mainly prepared by wet chemical methods. With the exception of lead dioxide, lead oxides are produced by a thermal process in which raw material lead is directly oxidized with air. The global lead oxide market is segmented by application (lead-acid battery, glass manufacturing, paints, and others) and by geography (APAC, the Americas, and EMEA).
Technavio’s analysts forecast the global lead oxide market to grow at a CAGR of 6.34% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global lead oxide market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Lead Oxide Market 2018-2022
Technavio recognizes the following companies as the key players in the global lead oxide market: Gravita India, HAMMOND GROUP, Merck, PENOX Group, and Waldies Compound.
Commenting on the report, an analyst from Technavio’s team said: “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.”
According to the 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 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.
Gravita India, HAMMOND GROUP, Merck, PENOX Group, and Waldies Compound.