Between 2024 and 2028, lead consumption in California and Washington is projected to increase steadily. From an initial forecast of 79.37 thousand metric tons in 2024, the consumption is expected to grow each year, reaching 86.75 thousand metric tons by 2028. This indicates a Compound Annual Growth Rate (CAGR) over five years, reflecting consistent growth in demand.
Key trends and considerations for future lead consumption:
- Monitor policy changes related to environmental regulations, which could affect lead usage, especially in battery production and recycling processes.
- The growth in electric vehicle adoption might bolster lead usage, as lead-acid batteries remain prevalent in various applications.
- Technological advancements in alternative materials could influence lead demand, potentially balancing or reducing consumption in some sectors.