Malaysia Metal Tank Market (2024-2030) | Industry, Outlook, Revenue, Analysis, Companies, Value, Forecast, Growth, Share, Size & Trends

Malaysia Metal Tank Market Highlights

Report Name	Malaysia Metal Tank Market
Forecast Period	2024-2030
Market Size	USD 710 Million by 2030
CAGR	7.8%
Growing Sector	Oil and Gas

Topics Covered in the Malaysia Metal Tank Market Report

The Malaysia Metal Tank market report thoroughly covers the market by installation type, by end-user, by application, by size, by pressure type and by build type. The report provides an unbiased and detailed analysis of the on-going market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Malaysia Metal Tank Market Size & Analysis

In 2024, the Malaysia Metal Tank market is valued at approximately $ 460 million, with a projected compound annual growth rate (CAGR) of 7.8% over the next five years. Additionally, by 2030, the market is expected to reach around $ 710 million. The oil and gas sector holds significant position in the overall market.

Malaysia Metal Tank Market Synopsis

The metal tank market in Malaysia is experiencing steady growth, driven by the country’s expanding industrial sectors, including oil and gas, chemicals, water treatment, and food processing. Malaysia’s strategic location as a key Southeast Asian trading hub boosts demand for high-quality storage tanks, particularly for fuel, chemicals, and water. The government’s emphasis on infrastructure development, along with an increasing focus on sustainability and environmental regulations, is propelling the need for advanced, corrosion-resistant tanks. Additionally, the Malaysia push towards becoming a regional leader in renewable energy further drives demand for metal tanks in applications such as biogas storage and solar power. The combination of industrial growth, a strong manufacturing base, and export opportunities positions Malaysia as a key market for metal tank production and sales in the region.

According to 6Wresearch, Malaysia Metal Tank market size is projected to grow at a CAGR of 7.8% during 2024-2030. The growth of the Malaysia metal tank market is driven by several factors, including the country’s robust oil and gas sector, which continues to fuel demand for storage tanks, particularly for fuel and LNG. The increasing focus on sustainability and environmental protection has also led to the adoption of corrosion-resistant, eco-friendly tanks, especially in water treatment and chemical storage.

Government infrastructure projects and investments in renewable energy, such as biogas and solar power, further boost the demand for specialized storage solutions. Malaysia’s strategic location as a Southeast Asian trade hub facilitates strong export opportunities, particularly to neighboring countries. However, the Malaysia Metal Tank industry faces challenges such as fluctuating steel prices, which can increase production costs, and competition from global manufacturers offering cost-effective solutions. Additionally, regulatory pressures related to safety standards and environmental compliance require continuous investment in advanced tank technologies. Smaller manufacturers may struggle to keep pace with technological innovations and regulatory demands, creating barriers to entry. Despite these challenges, the overall growth in industrial sectors and infrastructure development provides significant opportunities for market expansion.

Malaysia Metal Tank Market Trends

• Sustainability and Eco-Friendly Solutions - Growing demand for corrosion-resistant, recyclable, and environmentally friendly metal tanks in line with stricter environmental regulations.
• Smart Tank Technologies - Increased adoption of IoT-based tanks with real-time monitoring, predictive maintenance, and performance tracking to enhance efficiency and reduce operational costs.
• Energy Sector Growth - Expansion in renewable energy projects, including biogas and solar power storage, driving the need for specialized storage tanks in the energy sector.
• Customization and Modular Designs - Rising preference for tailor-made and modular tank solutions to meet the specific needs of various industries such as chemicals, water treatment, and food processing.
• Fuel Storage Expansion - The oil and gas sector’s continued growth, particularly in LNG storage and fuel depots, is fueling demand for high-capacity, durable storage tanks.

Investment Opportunities in the Malaysia Metal Tank Market

• Renewable Energy Storage - Invest in manufacturing tanks for renewable energy storage solutions, particularly for biogas, solar, and wind energy applications.
• Water Treatment Infrastructure - Capitalize on the growing demand for metal tanks in the water treatment sector as Malaysia focuses on improving its water management systems.
• Chemical and Industrial Storage Solutions - Focus on providing specialized tanks for Malaysia's expanding chemical and manufacturing industries, ensuring compliance with safety and environmental standards.
• Smart Tank Technologies - Develop and integrate IoT-based systems into metal tanks for real-time monitoring, predictive maintenance, and operational optimization.

Key Players in the Malaysia Metal Tank Market

Key companies in the Malaysia metal tank market include Protank Malaysia, a leading manufacturer specializing in custom-designed metal tanks for various industries, including oil and gas, water treatment, and chemicals. Eversafe Builders is another significant player, known for its expertise in producing steel tanks for fuel storage and industrial applications. Sime Darby Industrial offers storage solutions for the energy sector, particularly in oil and gas storage, alongside other industrial storage needs.

Jotun Malaysia, though primarily a coating company, plays a crucial role in supplying corrosion-resistant coatings for tanks, supporting the durability and lifespan of metal tanks in harsh environments. Additionally, some of these players hold majority of the Malaysia Metal Tank market share. Moreover, international companies like Cimc Enric and Permastore have a presence in the Malaysian market, providing advanced tank technologies and storage solutions for the growing demand in both industrial and renewable energy sectors. These companies, along with local manufacturers, contribute to Malaysia’s thriving metal tank market.

Government Regulations in the Malaysia Metal Tank Market

Government regulations in the Malaysia metal tank market are primarily guided by safety, environmental, and quality standards set by both national authorities and international organizations. The Department of Occupational Safety and Health (DOSH) ensures that metal tanks used in hazardous environments, such as for fuel and chemicals, comply with strict safety regulations to prevent accidents and spills. The Environmental Quality Act mandates that tanks used in industries like oil and gas, water treatment, and chemicals meet environmental standards to minimize pollution and ensure safe handling of hazardous materials.

Additionally, Malaysia’s Energy Commission (EC) sets guidelines for energy storage and distribution, promoting the use of sustainable technologies and efficient storage solutions. Compliance with international standards such as ISO 9001 for quality management and API 650 for tank design and construction is also critical for manufacturers to meet both local and export market requirements. Further, these initiatives have further boosted the Malaysia Metal Tank market revenues. Moreover, these regulations drive the adoption of advanced, corrosion-resistant materials, and innovative tank designs that align with safety, environmental protection, and operational efficiency.

Future Insights of the Malaysia Metal Tank Market

The future of the Malaysia metal tank market looks optimistic, driven by ongoing industrial expansion, a shift towards sustainable energy, and increasing infrastructure development. As the country continues to prioritize renewable energy, the demand for specialized storage tanks, particularly for biogas, solar, and other green energy solutions, will rise. The growing focus on water treatment and industrial efficiency will further support the need for advanced metal tanks in these sectors. Additionally, Malaysia’s role as a key logistics and manufacturing hub in Southeast Asia positions it well for expanding export opportunities, especially to neighboring countries with growing industrial demands. As regulations tighten around environmental sustainability and safety standards, the market will increasingly favor innovations in corrosion-resistant and eco-friendly materials, enhancing the market's potential.

Oil and Gas Category to Dominate the Market - By End User

According to Ravi Bhandari, Research Head, 6Wresearch, the oil and gas category in the Malaysia metal tank market is poised for significant growth, driven by the country’s substantial oil and gas reserves and its role as a key energy player in Southeast Asia. Continued investments in oil and gas infrastructure, including the expansion of fuel storage facilities and LNG terminals, are boosting demand for high-capacity, durable metal tanks. Malaysia’s push for energy security, along with the rising need for efficient storage solutions to handle both conventional and renewable fuels, further supports this growth. Strict regulatory requirements for safety, environmental protection, and spill prevention are also prompting the adoption of advanced tank technologies, such as double-walled tanks and corrosion-resistant materials.

Fuel Type to Dominate the Market – By Application

The fuel application segment in the Malaysia metal tank market is experiencing robust growth, driven by the country’s increasing demand for fuel storage solutions in line with expanding infrastructure and energy security initiatives. As Malaysia continues to enhance its oil, gas, and renewable energy sectors, the need for high-quality storage tanks to store fuels like LNG, biofuels, and traditional petroleum products is growing. The government's focus on energy security and sustainability is further boosting demand for reliable and eco-friendly fuel storage systems. Additionally, Malaysia’s role as a regional energy hub amplifies the need for efficient, high-capacity storage solutions to handle the increasing flow of fuels across Southeast Asia.

Key Attractiveness of the Report

• 10 Years Market Numbers.
• Historical Data Starting from 2020 to 2023.
• Base Year - 2023.
• Forecast Data until 2030.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Malaysia Metal Tank Market Overview
• Malaysia Metal Tank Market Outlook
• Market Size of Malaysia Metal Tank Market, 2023
• Forecast of Malaysia Metal Tank Market, 2030
• Historical Data and Forecast of Malaysia Metal Tank Revenues & Volume for the Period 2020-2030
• Malaysia Metal Tank Market Trend Evolution
• Malaysia Metal Tank Market - Drivers and Challenges
• Malaysia Metal Tank Market - Price Trends
• Malaysia Metal Tank - Porter's Five Forces
• Malaysia Metal Tank - Industry Life Cycle
• Historical Data and Forecast of Malaysia Metal Tank Market Revenues & Volume, By Installation Type for the Period 2020-2030
• Historical Data and Forecast of Malaysia Metal Tank Market Revenues & Volume, By Aboveground for the Period 2020-2030
• Historical Data and Forecast of Malaysia Metal Tank Market Revenues & Volume, By Underground for the Period 2020-2030
• Historical Data and Forecast of Malaysia Metal Tank Market Revenues & Volume, By End-Users for the Period 2020-2030
• Historical Data and Forecast of Malaysia Metal Tank Market Revenues & Volume, By Oil and gas for the Period 2020-2030
• Historical Data and Forecast of Malaysia Metal Tank Market Revenues & Volume, By Industrial for the Period 2020-2030
• Historical Data and Forecast of Malaysia Metal Tank Market Revenues & Volume, By Municipal and Others for the Period 2020-2030
• Historical Data and Forecast of Malaysia Metal Tank Market Revenues & Volume, By Applications for the Period 2020-2030
• Historical Data and Forecast of Malaysia Metal Tank Market Revenues & Volume, By Fuel for the Period 2020-2030
• Historical Data and Forecast of Malaysia Metal Tank Market Revenues & Volume, By Water and Wastewater for the Period 2020-2030
• Historical Data and Forecast of Malaysia Metal Tank Market Revenues & Volume, By Fire Protection for the Period 2020-2030
• Historical Data and Forecast of Malaysia Metal Tank Market Revenues & Volume, By Industrial for the Period 2020-2030
• Historical Data and Forecast of Malaysia Metal Tank Market Revenues & Volume, By Food and Beverage for the Period 2020-2030
• Historical Data and Forecast of Malaysia Metal Tank Market Revenues & Volume By Paper and Pulp for the Period 2020-2030
• Historical Data and Forecast of Malaysia Metal Tank Market Revenues & Volume, By Others for the Period 2020-2030
• Historical Data and Forecast of Malaysia Metal Tank Market Revenues & Volume, By Size for the Period 2020-2030
• Historical Data and Forecast of Malaysia Metal Tank Market Revenues & Volume, By Below 5,000 Gallons for the Period 2020-2030
• Historical Data and Forecast of Malaysia Metal Tank Market Revenues & Volume, By 5,000 to 25,000 Gallons for the Period 2020-2030
• Historical Data and Forecast of Malaysia Metal Tank Market Revenues & Volume, By Over 25,000 Gallons for the Period 2020-2030
• Historical Data and Forecast of Malaysia Metal Tank Market Revenues & Volume, By Pressure Type for the Period 2020-2030
• Historical Data and Forecast of Malaysia Metal Tank Market Revenues & Volume, By Pressure for the Period 2020-2030
• Historical Data and Forecast of Malaysia Metal Tank Market Revenues & Volume, By Non- Pressure for the Period 2020-2030
• Historical Data and Forecast of Malaysia Metal Tank Market Revenues & Volume, By Build Type for the Period 2020-2030
• Historical Data and Forecast of Malaysia Metal Tank Market Revenues & Volume, By Custom Fabricated at the Factory for the Period 2020-2030
• Historical Data and Forecast of Malaysia Metal Tank Market Revenues & Volume, By Custom Fabricated and Field Erected for the Period 2020-2030
• Malaysia Metal Tank - Import Export Trade Statistics
• Market Opportunity Assessment, By Installation Type
• Market Opportunity Assessment, By End-Users
• Market Opportunity Assessment, By Applications
• Market Opportunity Assessment, By Size
• Market Opportunity Assessment, By Pressure Type
• Market Opportunity Assessment, By Build Type
• Malaysia Metal Tank Market - Top Companies Market Share
• Malaysia Metal Tank Market - Competitive Benchmarking, By Technical and Operational Parameters
• Malaysia Metal Tank Market - Company Profiles
• Malaysia Metal Tank Market - Key Strategic Recommendations

Markets Covered

The Malaysia Metal Tank market report provides a detailed analysis of the following market segments -

By Installation Type

• Aboveground
• Underground

By End-User

• Oil and gas
• Industrial
• Municipal and Others

By Application

• Fuel
• Water and Wastewater
• Fire Protection
• Industrial
• Food and Beverage
• Paper and Pulp
• Others

By Size

• Below 5,000 Gallons
• 5,000 to 25,000 Gallons
• Over 25,000 Gallon

By Pressure Type

• Pressure
• Non- Pressure

By Build Type

• Custom Fabricated at the Factory
• Custom Fabricated and Field Erected