The usage of lead for storage battery manufacturing in the US stood at 1.3593 million metric tons in 2023. The year-on-year variation for 2023 showed a modest increase of 0.41%, reflecting a consistent but slow rise in lead consumption. Reviewing the data from a longer perspective, the compound annual growth rate (CAGR) over the last five years lists a minor increase at 0.44%. Moving forward, predictions estimate an annual growth trend at 0.34%, with an expected overall growth of 1.7% by 2028.

Future trends to watch for:

Increased adoption of electric vehicles and renewable energy storage solutions, which may boost demand for storage batteries.
Advancements in battery technologies, potentially affecting lead consumption patterns.
Regulatory changes regarding environmental impacts and sustainability in battery manufacturing might influence lead usage.