Global Lead Nitrate Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Lead Nitrate Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Lead nitrate is an inorganic compound with the chemical formula Pb(NO3)2. It commonly occurs as a colourless crystal or white powder and, unlike most other lead(II) salts, is soluble in water. Mainly used in lead salt, mordant, fireworks and other manufacturing.

Market Overview:


The latest research study on the global Lead Nitrate market finds that the global Lead Nitrate market reached a value of USD 44.57 million in 2022. It’s expected that the market will achieve USD 62.9 million by 2028, exhibiting a CAGR of 5.91% during the forecast period.

Market Drivers and Impact


According to the distribution of global lead resource storage, Australia, China, Russia, Peru, Mexico and other countries have more than half of the world's lead resource storage. Due to its rich mineral reserves and relatively loose environmental protection policies, China is not only an important lead producer, but also an important consumer. Lead nitrate can be used in the mining process of gold. According to data released by Statista, in 2021, China's gold mine production is estimated to be 370 metric tons, and China is one of the largest gold producers in the world. At the same time, lead nitrate can be used to manufacture other lead salts and lead dioxide in the inorganic industry, as a coal dye in the printing and dyeing industry, as a yellow pigment for paper in the paper industry, and so on. The application of lead nitrate in various industries and the vast market in China have made this region one of the key markets for lead nitrate.

Market Challenges and Impact


Lead is a persistent heavy metal that has been described as a priority hazardous substance. Lead nitrate is soluble in water and bioaccumulation of lead in aquatic organisms occurs through water and food. Lead accumulation occurs in various fish organs, such as the liver, spleen and kidneys, as well as the digestive system and gills. Numerous studies have assessed lead bioaccumulation in various fish species and have been shown to cause fish disease. Characteristic symptoms of lead poisoning include changes in blood parameters, acute damage to red and white blood cells (WBCs), resulting in deleterious effects on the nervous system. Lead metals are classified as toxic metals because they are highly harmful even at the lowest levels and when ingested over long periods of time. The substance may cause long-term effects in the aquatic environment. Bioaccumulation of this chemical can occur in marine and terrestrial organisms. Long-term exposure to lead and lead compounds may be absorbed through the skin; symptoms of lead poisoning described for ingestion, exposure may occur. Short-term exposure may cause local irritation, redness and pain.

Market Trends


Lead nitrate can be used in the production of pyrotechnics and the oxidant of explosives, which makes the production and use of lead nitrate subject to the control of the government and related agencies, and the use and sales require certain qualifications. In China, lead nitrate is a dangerous chemical and is an explosive product. Therefore, the sales and transportation of lead nitrate need to meet the conditions for dangerous chemicals and explosive products. With economic development and increasing awareness of environmental protection, the market mechanism will be more perfect, and the control of such chemicals will also tend to be stricter. This will have a negative impact on the industry.

Region Overview:


From 2022-2027, Americas is estimated to witness robust growth prospects.

Company Overview:


Hanhua Chemical is one of the major players operating in the Lead Nitrate market, holding a share of 22.04% in 2022.

Hunan Hanhua Chemical Co., Ltd. is a leading producer of lead nitrate in China.

Dynakrom is a Mexican company with more than 80 years of experience in the international chemical and industrial markets, mainly in the fields of inorganic pigments, thermoplastic coatings, lead nitrate and lithium batteries.

Segmentation Overview:


Among different product types, 99% Purity segment is anticipated to contribute the largest market share in 2027.

Application Overview:


By application, the Mining segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Lead Nitrate market covered in Chapter 3:

Dynakrom
Hanhua Chemical
Zhuzhou Jinyuan Chemical
Aerocell
L.S. Chemicals and Pharmaceuticals

In Chapter 4 and Chapter 14.2, on the basis of types, the Lead Nitrate market from 2018 to 2029 is primarily split into:

98% Purity
99% Purity

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Lead Nitrate market from 2018 to 2029 covers:

Mining
Pigment
Industry
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)