The demand for lead used for storage batteries in the US has shown fluctuations over the past decade. In 2023, the volume stood at 1.3346 million metric tons. From 2013 to 2023, the year-on-year variation displayed peaks and troughs, notably with a significant decrease in 2020, followed by steady growth. The Compound Annual Growth Rate (CAGR) over the last five years was positive though minimal, indicating a stable demand trajectory.
Looking forward to the forecasted period from 2024 to 2028, the market is expected to continue its gradual upward trend, with an estimated 5-year CAGR of 0.2%. By 2028, the value is anticipated to be 1.3517 million metric tons, reflecting a forecasted 5-year growth rate of approximately 1.01%.
Future trends to watch for:
- Technological advancements in battery efficiencies.
- Shifts toward alternative storage technologies (e.g., lithium-ion).
- Regulatory changes impacting material usage.
- Environmental impacts and sustainability practices.
