High-purity lead has 99.99% or higher purity and it has excellent physical and chemical properties including ductility, malleability, and resistance to corrosion. High-purity lead also exhibits good vibration and sound absorption properties, due to which it is primarily used for soldering, production of bearings, and improvement in antifriction properties of metals.
High-purity lead has high density, which makes it useful as a shield against X-rays and gamma-rays. It is used in X-ray machines and nuclear reactors. High-purity lead is also used as a covering on wires and cables to protect them from corrosion; as a material to absorb sound vibrations; and in the manufacture of ammunitions. Most of the lead used currently is used in the production of lead–acid batteries.
High-purity lead is widely used for car batteries, pigments, ammunitions, cable sheathing, weights for lifting, weight belts for diving, lead crystal glass, radiation protection products, and solders. It is often used to store corrosive liquids. It is also sometimes used in the architecture sector for roofing and in windows made of stained glass.
High-purity lead is a corrosion-resistant metal, due to which it is widely used for pipes, pewter, and paints. It is also used in lead glazes for pottery, insecticides, hair dyes, and as an anti-knocking additive for petrol. However, high-purity lead is known to be detrimental to health, particularly that of children. Hence, it is banned; replaced; or its use is discouraged.
The high-purity lead market in Asia Pacific is primarily driven by growth of the electric vehicles industry in the region. Furthermore, key players are focused on the development of new methods to produce regenerated lead, which reduces hazards of lead during the production.
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Automotive Application Segment to Witness Attractive Opportunities
The automotive segment is estimated to hold a significant share of the global high-purity lead market, in terms of revenue, during the forecast period. It is anticipated to continue its attractiveness during the forecast period. High-purity lead is primarily used in batteries of cars, motorcycles, and recreational vehicles.
High-purity lead is primarily used in batteries that are primarily used in electric vehicles. It is also used in glass of TV screens and stabilizers. Lead cable sheathing, shot, and alloys are minor uses of high-purity lead.
Asia Pacific to Hold a Major Share of Global High-purity Lead Market
In terms of region, the global high-purity lead market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
Asia Pacific accounted for a major share of the global high-purity lead market in 2018. The high-purity lead market in Asia Pacific is expanding significantly, primarily due to growth of electronics and automotive industries in the region, especially in China and India.
Rise in foreign direct investments (FDIs) in automotive and electronics industries in developing countries of Asia Pacific is a key factor that is likely to fuel the market in the region during the forecast period
The market in Europe and Middle East & Africa is expected to expand at a significant pace during the forecast period, owing to growth of automotive and electronics industries in these regions Key Players Operating in Global Market
The global high-purity lead market is highly fragmented, with the top manufacturers accounting for approximately 30%–40% of the market share. A few of the players operating in the global high-purity lead market include:
