The refined soft lead consumption in Indiana, Kansas, Kentucky, Minnesota, Nebraska, Tennessee, and Wisconsin is projected to decline steadily from 112.36 thousand metric tons in 2024 to 95.3 thousand metric tons by 2028. This shows a consistent decrease of approximately 3.9% annually. The forecast reflects a downward trend, as the industry adapts to sustainability measures and alternative materials.
- Observed year-on-year decrease is approximately 3.9%.
- Compound Annual Growth Rate (CAGR) over the five-year period is approximately -4.0%.
Future trends to watch include the impact of green energy initiatives and evolving environmental regulations, which might further affect lead demand. Potential growth in battery recycling and innovation in lead applications could also influence these projections.
