Malaysia Recycled Metal Market Size & Outlook, 2023-2030
Malaysia Recycled Metal Market, 2018-2030 (US$M)
Global Market
Related Markets
Malaysia recycled metal market highlights
- The Malaysia recycled metal market generated a revenue of USD 2.1 million in 2023 and is expected to reach USD 2.9 million by 2030.
- The Malaysia market is expected to grow at a CAGR of 4.3% from 2024 to 2030.
- In terms of segment, steel was the largest revenue generating material in 2023.
- Aluminum is the most lucrative material segment registering the fastest growth during the forecast period.
Recycled metal market data book summary
| Market revenue in 2023 | USD 2.1 million |
| Market revenue in 2030 | USD 2.9 million |
| Growth rate | 4.3% (CAGR from 2023 to 2030) |
| Largest segment | Steel |
| Fastest growing segment | Aluminum |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Steel, Aluminum, Copper |
| Key market players worldwide | Commercial Metals Co, Norsk Hydro ASA, Tata Steel Ltd GDR - 144A, European Metal Recycling, GFG Alliance, Novelis |
Other key industry trends
- In terms of revenue, Malaysia accounted for 0.6% of the global recycled metal market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China recycled metal market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 197.0 million by 2030.
The increase in e-waste generation and the demolition of old buildings are contributing to metal scrap production in the country. The generation of electronic waste in Malaysia has surged the requirement for effective and sustainable e-waste management practices.
As per the research findings of the Department of Environment (DOE) of Malaysia, the country is generating a high volume of e-waste due to the increased consumption of consumer durables. Moreover, the study predicts that by 2025, Malaysia may witness 24.5 million units of consumer durables as scrap.
The Department of Environment (DOE) of Malaysia also predicts that the country is anticipated to generate approximately 365,000 tons of e-waste annually, with consumer durables such as mobile phones, television sets, washing machines, and refrigerators contributing substantially to this e-waste stream.
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Recycled Metal Market Scope
Recycled Metal Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Commercial Metals Co | View profile | 13,022 | 6565 North MacArthur Boulevard, Irving, TX, United States, 75039 | www.cmc.com |
| Norsk Hydro ASA | View profile | 32,724 | Drammensveien 264, Oslo, Norway, NO-0283 | www.hydro.com |
| Tata Steel Ltd GDR - 144A | View profile | 73,496 | 24 Homi Mody Street, Bombay House, Fort, Mumbai, MH, India, 400 001 | www.tatasteel.com |
| Novelis | View profile | 10001+ | Atlanta, Georgia, United States, North America | novelis.com |
| European Metal Recycling | View profile | 1001-5000 | Warrington, Warrington, United Kingdom, Europe | www.emrgroup.com/ |
| GFG Alliance | View profile | 10001+ | London, England, United Kingdom, Europe | www.gfgalliance.com |
Malaysia Recycled Metal Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Recycled Metal Market Outlook will help companies and investors design strategic landscapes.
Steel was the largest segment with a revenue share of 42.86% in 2023.
Horizon Databook has segmented the Malaysia recycled metal market based on steel, aluminum, copper covering the revenue growth of each sub-segment from 2018 to 2030.
The increase in e-waste generation and the demolition of old buildings are contributing to metal scrap production in the country. The generation of electronic waste in Malaysia has surged the requirement for effective and sustainable e-waste management practices.
As per the research findings of the Department of Environment (DOE) of Malaysia, the country is generating a high volume of e-waste due to the increased consumption of consumer durables. Moreover, the study predicts that by 2025, Malaysia may witness 24.5 million units of consumer durables as scrap.
The Department of Environment (DOE) of Malaysia also predicts that the country is anticipated to generate approximately 365,000 tons of e-waste annually, with consumer durables such as mobile phones, television sets, washing machines, and refrigerators contributing substantially to this e-waste stream.
- Malaysia Recycled Metal Market Material Outlook (Revenue, USD MIllion , 2018-2030)
- Steel
- Aluminum
- Copper
- Others
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Horizon Databook provides a detailed overview of country-level data and insights on the Malaysia Recycled Metal Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Malaysia Recycled Metal Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Malaysia Recycled Metal Market, 2018-2030 (US$M)
Malaysia recycled metal market statistics, by material, 2018-2030 (US$M)
