A recently published Fact.MR report establishes that the global automotive lead acid battery market will register a CAGR of 5.02% across the 2021-2031 forecast period, reaching US$ 41.8 Bn. According to the report, the market is expected to be valued at US$ 25.6 Bn by 2021-end.
As global emission standards regarding conventional automobiles tighten, manufacturers are incorporating energy efficient solutions in vehicle designs, including increased adoption of lead acid batteries. Lead acid batteries are 99% recyclable, which makes it the go-to choice for a majority of market players. As per a World Health Organization report, over 4/5th of lead consumption is for producing lead-acid batteries. Recently, in September 2020, Ahlstrom-Munksjo introduced FortiCell® lead-acid batteries, containing absorbed glass mat media and film separator reinforcements.
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Key Segments Covered
· Battery Type
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- Flooded Automotive Lead Acid Battery
- Enhanced Flooded Automotive Lead Acid Battery
- Absorbent Glass Mat (AGM) Automotive Lead Acid Battery
· Technology
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- Internal Combustion Engine (ICE) Lead Acid Battery
- Hybrid Lead Acid Battery
- Electric Lead Acid Battery
· Vehicle Type
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- Automotive Lead Acid Battery for Passenger Cars
- Automotive Lead Acid Battery for Light Commercial Vehicles
· Sales Channel
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- Automotive Lead Acid Battery Sales via OEMs
- Automotive Lead Acid Battery Sales via Aftermarket
