The shipment of Litharge, Dry Red Lead, and White Lead in the US has shown significant fluctuation since 2013. The value in 2023 is at 24.42 thousand metric tons, reflecting a steady increase. The year-on-year variation for 2023 stands at 2.99%, with a 5-year CAGR of 3.33%. Over the last two years, the CAGR has slightly slowed down to 3.51% in 2022 and 2.99% in 2023. Notably, the year 2014 saw an explosive growth at 535.64%, while subsequent years stabilized with consistent, moderate growth rates. From 2024 onwards, forecasts predict a sustained upward trend with a CAGR of 2.22% and an overall growth of 11.59% by 2028.
Future trends to watch for include continuous advancements in battery technology and environmental regulations, which could impact the demand for lead-based products. The industry's ability to innovate and adapt to these changes will be crucial for sustained growth.
