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

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

Lead oxides are a group of inorganic compounds with formulas including lead (Pb) and oxygen (O). Common lead oxides include Lead (II) oxide, PbO, Lead (II, IV) oxide, Pb3O4, Lead (IV) oxide PbO2. Used in Lead-acid battery, Glass, Paint, etc., and used in petroleum, rubber, glass, enamel, and other industries.

Market Overview:

The latest research study on the global Lead Oxide market finds that the global Lead Oxide market reached a value of USD 4899.72 million in 2022. It’s expected that the market will achieve USD 6969.5 million by 2028, exhibiting a CAGR of 6.05% during the forecast period.

Negative impact in the short term

COVID-19 can affect the global economy in three main ways: directly affecting production and demand, causing supply chain and market disruption, and financial impact on companies and financial markets. The COVID-19 outbreak has brought about various impacts, such as flight cancellations, travel bans, and quarantine, the announcement of a state of emergency, a sharp slowdown in the supply chain, stock market volatility, decline in business confidence, increased panic, and increased market uncertainty. In the early stage of the epidemic, the epidemic had an impact on both ends of lead supply and demand, and the epidemic would aggravate the oversupply of the global lead market. The shutdown of a large number of automobile companies in Europe and North America has greatly affected lead consumption. At the same time, some lead mines around the world have suspended or reduced production, and many secondary lead smelting companies have successively reduced production, stopped production or overhauled. In the process of falling lead prices, some still-operating mines and smelters are also facing uncertainty. For the lead oxide industry, the epidemic has increased panic, and industry risks have increased from upstream to downstream.

The important position of lead oxide in the development of industrialization

Lead oxide is known as an important industrial material, which has been widely utilized in batteries, gas sensors, pigments and paints, ceramics, and glass industry and as a catalyst in synthetic organic chemistry. With the acceleration of the global industrialization development process, the development of industrialization has become the core of the development of major economies, and the downstream industry's demand for lead oxide increases, which in turn drives the demand for the lead oxide industry.

The impact of lead oxide on human health and the environment

Lead oxide is a toxic substance that can cause hypochromic anemia, severe abdominal pain, lead toxic mania, lead toxic paralysis, polyneuritis, etc. The maximum allowable concentration in the air is 0.01 mg/m3. Workers must be protected during operation. It should be stored in a ventilated and dry warehouse, and should not be stored or transported together with acids, alkalis and edible raw materials. Lead released into the environment enters the air, soil and water. Lead can remain in the environment indefinitely as dust. Lead oxide can be fatal if swallowed or inhaled. It irritates the skin, eyes and respiratory tract. It affects the gum tissue, central nervous system, kidneys, blood and reproductive system. It can bioaccumulate in plants and mammals. The toxicity of lead oxide will restrict the development of the market. For example, many countries choose to ban lead-containing paints. The current battery industry is also promoting the development of an alternative — Lithium Ion batteries, which will limit the development of lead oxide.

Circular economy development

The preference for circular economy is increasing. More than 50% of the lead oxide used in the United States, Britain, Germany, France and other developed countries is obtained from the recycling process. More than 70% of lead-acid battery materials can be recycled. Lead recycling can reduce carbon emissions and save energy. The low energy consumption involved in the production of lead oxide through recycling will bring new development opportunities.

Region Overview:

In global comparison, a significant portion of the revenue was generated in China (40.85% in 2021).

Company Overview

Penox Group is one of the major players operating in the Lead Oxide market, holding a share of 3.77% in 2021.

Penox Group

Penox GmbH manufactures industrial inorganic chemicals. The Company produces lead oxides, battery additives, and antimony trioxide. Penox serves customers worldwide.

Qingdao Dechen Chemical Co., Ltd.

Qingdao Dechen Chemical Co., Ltd. is a leading fine chemical company in China, dedicated to the research and production of lead oxide, pigments, rubber and plastic additives.

Segmentation Overview:

Among different product types, Lead(II) oxide, PbO segment is anticipated to contribute the largest market share in 2027.

Lead (II) oxide, PbO

Lead(II) oxide, also called lead monoxide, is the inorganic compound with the molecular formula PbO. PbO occurs in two polymorphs: litharge having a tetragonal crystal structure, and massicot having an orthorhombic crystal structure. Modern applications for PbO are mostly in lead-based industrial glass and industrial ceramics, including computer components.

Lead (II, IV) oxide, Pb3O4

Lead (II, IV) oxide, also called red lead is the inorganic compound with the formula Pb3O4. A bright red or orange solid, it is used as pigment, in the manufacture of batteries, lead glass, and rustproof primer paints.

Lead (IV) oxide, PbO2

Lead(IV) oxide, commonly called lead dioxide, is a chemical compound with the formula PbO2. It is an oxide where lead is in an oxidation state of +4; bond type is predominantly covalent. It is an odorless dark-brown crystalline powder which is nearly insoluble in water. Lead dioxide is a strong oxidizing agent which is used in the manufacture of matches, pyrotechnics, dyes and other chemicals. It also has several important applications in electrochemistry, in particular in the positive plates of lead acid batteries.

Application Overview:

By application, the Lead-acid battery segment occupied the biggest share from 2017 to 2022.

Lead-acid battery

A lead acid battery consists of a negative electrode made of spongy or porous lead. The lead is porous to facilitate the formation and dissolution of lead. The positive electrode consists of lead oxide. Both electrodes are immersed in a electrolytic solution of sulfuric acid and water.

Glass

The addition of lead oxide to glass raises its refractive index and lowers its working temperature and viscosity. The attractive optical properties of lead glass result from the high content of the heavy metal lead. Lead glass is also known as X-ray glass or radiation shielding glass as one of its major applications is in the absorbance of high energy radiation while maintaining optical transparency.

Paint

Lead is added to paint to accelerate drying, increase durability, maintain a fresh appearance, and resist moisture that causes corrosion. It is one of the main health and environmental hazards associated with paint. Can be used as a paint drier.

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

Pilot Industries Limited 
Gravita India
Waldies Compound
Durox Chemical Products
Mil-Spec Industries Corp.
Dynakrom
Hammond Group
Hunan Shuikoushan Hongxing Chemical Co., Ltd.
ALB Materials, Inc.
Colorobbia
Penox Group
Haihang Industry
GPPL
Qingdao Dechen Chemical Co., Ltd.

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

Lead (II) oxide, PbO
Lead (II, IV) oxide, Pb3O4
Lead (IV) oxide, PbO2

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

Lead-acid battery
Glass
Paint
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)