The US market for lead used in storage battery oxides exhibited a mixed trend from 2013 to 2023. Beginning at 734 thousand metric tons in 2013, the value peaked in 2019 at 780.84 thousand metric tons before dropping notably in 2020 to 744.74 thousand metric tons, potentially due to economic impacts such as the COVID-19 pandemic. Recovery was observed thereafter, leading to 792.85 thousand metric tons in 2023, matching a year-on-year growth of approximately 0.37% and a five-year CAGR standing at 0.39%.
Key observed variations included:
- 2013-2014: 5.04%
- 2019-2020: -4.62%
- 2020-2021: 5.67%
- 2022-2023: 0.37%
Future projections forecast a CAGR of 0.3% for the next five years, reaching an estimated 808.05 thousand metric tons by 2028. This is slower compared to historical growth rates, indicating stabilization and a more mature market phase.
Future trends to watch for include advancements in battery technologies, increased demand for electric vehicles, and the potential impacts of environmental regulations on lead usage. Monitoring these factors will be crucial for predicting market dynamics accurately.
