Malaysia Metal Scrap Recycling Market Synopsis

Malaysia Metal Scrap Recycling Market would witness robust growth over the forecast period due to an increase in metal scrap generation owing to the country's growing automotive and construction sector. Also, Malaysia is setting up its first-ever non-ferrous metals association aiming to bridge the gap between government, traders, and manufacturers, which would contribute towards the growth of the recycling market in the coming years. on the other hand, the COVID-19 has negatively impacted the metal scrap recycling market in Malaysia on account of logistics constraints followed by business restrictions. Furthermore, scrap metal recycling is projected to continue to grow in the future due to rapid infrastructural development.

According to 6Wresearch, Malaysia Metal Scrap Recycling Market is projected to grow at a CAGR of 5.6% during 2022-2028. The market is growing due to the government’s focus on the expansion of the rail systems in Malaysia in line with government projects would increase the generation rate of metal scraps in the country. In addition to that, the rapid development of the manufacturing sector would have a significant contribution to the market expansion anticipated for the coming years. Moreover, rapidly rising urbanization in the country would propel consumption of metals in the country via constructions of residential and commercial units to add volume in the urban market coupled with growth in the consumer electronics market which would result in increased dumping rates in future. Furthermore, increasing FDI’s in Malaysia’s manufacturing sector is going to level up the production of metal scraps from the manufacturing sector of the country in coming years, thereby, it would multiply the potential of scrap collection and recycling in the country, and hence would open new growth horizons in Malaysia Metal Scrap Recycling Industry.

Market by Metal Type

Aluminium would be the fastest growing segment owing to metal’s vast utility in the industrial and construction sector. Furthermore, aluminium, due to its excellent scrap value and lower energy needs, is expected to grow significantly during the forecast period.

Market by Application

The growing generation of scrap metals in the industrial sector as well as growth in Malaysia’s industrial sector with the Industrial Production Index (IPI) registering a massive growth which is expected to boost the production of metal scraps in the industrial sector in the coming years.

Key Attractiveness of the Report

• COVID-19 Impact on the Market.
• 11 Years Market Numbers.
• Historical Data Starting from 2018 to 2021.
• Base Year: 2022
• Forecast Data until 2028.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report

• Malaysia Metal Scrap Recycling Market Overview
• Historical Data and Forecast of Malaysia Metal Scrap Recycling Market Revenues & Volume, By Metal Types, for the Period 2018-2028F
• Historical Data and Forecast of Malaysia Metal Scrap Recycling Market Revenues & Volume, By Application, for the Period 2018-2028F
• Life Porter’s Five Force Analysis
• Historical Data and Forecast of Malaysia Metal Scrap Recycling Market Revenues & Volume Share, By Metal Type, for the Period 2018-2028F
• Historical Data and Forecast of Malaysia Metal Scrap Recycling Market Revenues & Volume Share, By Metal Application, for the Period 2018-2028F
• Impact Analysis of COVID-19
• Market Drivers and Restraints
• Market Trends & Evolution
• Historical Data and Forecast of Malaysia Metal Scrap Recycling Market Revenues & Volume, By Metal Type, for the Period 2018-2028F
• Historical Data and Forecast of Malaysia Metal Scrap Recycling Market Revenues & Volume, By Metal Application, for the Period 2018-2028F
• Key Performance Indicators
• Malaysia Metal Scrap Recycling Market Import Export Trade Statistics
• Malaysia Metal Scrap Recycling Market Opportunity Assessment
• Malaysia Metal Scrap Recycling Market Revenue Share, By Companies
• Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Market Scope and Segmentation

The report provides a detailed analysis of the following market segments:

By Metal Type

• Ferrous
• Aluminum
• Copper
• Others (Zind, Lead, Tin, Nickel, etc.)

By Application

• Construction
• Automobile
• Industrial
• Others (Electrical, Packaging, Shipbuilding, etc.)

Frequently Asked Questions About the Market Study:

1. Which factors are propelling the demand for Malaysia Metal Scrap Recycling market?

Rise in Urbanization and Recycling Rates and rising manufacturing sector are propelling the demand for Malaysia Metal Scrap Recycling market.

2. What factors impedes the growth of Malaysia Metal Scrap Recycling Industry?

Increasing Regulation on Scrap Import impedes the Malaysia Metal Scrap Recycling Industry growth.

3. How does the pandemic impact the market?

The demand for construction materials fell substantially on account of a temporary halt of construction activities. Furthermore, the economic instability, restrictions on cross-border trade, and rigorous regulations causing a temporary shutdown of production facilities. However, the scrap recycling market showed signs of recovery owing to the resumption of developmental activities in the country.

4. Is this market growing during the forecast period?

Yes, this market is growing during the forecast period on the back of

5. Which metal type segment is gaining traction over the forecast period?

Aluminum segment is gaining traction over the forecast period.

6. Is customization available in the market study?

Yes, we can do customization as per your requirements. Please feel free to write to us sales@6wresearch.com for any customized or any other requirements.