Product Code: ETC100185 | Publication Date: Jun 2021 | Updated Date: Apr 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The Malaysia Selenium Market is poised for steady growth rate improvements from 2025 to 2029. From 5.59% in 2025, the growth rate steadily ascends to 8.56% in 2029.
By 2027, Malaysia's Selenium market is forecasted to achieve a growing growth rate of 6.60%, with China leading the Asia region, followed by India, Japan, Australia and South Korea.
The selenium market in Malaysia was valued at USD 13.8 million in 2025 and is expected to reach USD 15.4 million by 2025 with a CAGR of 1.6% over the forecast period. The main driver for this growth is attributed to increasing demand from animal feed additives and pharmaceutical applications, particularly due to its antioxidant properties which help prevent cell damage caused by oxidation stress.
The Malaysia selenium market is expected to experience steady growth in the foreseeable future. Selenium, an essential trace element with applications in the electronics and glass industries, is witnessing steady demand. The growth of these industries in Malaysia is expected to drive the demand for selenium. Additionally, the increasing use of selenium in photovoltaic cells for solar energy production is anticipated to positively impact market growth. Furthermore, selenium`s role in animal feed additives and nutritional supplements is expected to contribute to the market`s expansion.
The Malaysia selenium market, though relatively small, plays a crucial role in various industries, including electronics, glass manufacturing, and agriculture. However, the challenge lies in the fluctuating supply and demand dynamics, as selenium is often a byproduct of other mining activities. The scarcity of selenium resources can lead to price volatility, impacting both manufacturers and consumers. To mitigate risks, businesses should focus on efficient resource management, recycling, and exploring alternative sources of selenium.
The COVID-19 pandemic had varying impacts on the Malaysia selenium market. The electronics industry, a significant consumer of selenium, faced disruptions in production and supply chain challenges. However, the agriculture sector, which also utilizes selenium, saw continued demand as food production remained essential. To address supply chain disruptions, businesses should explore local sourcing options and strengthen domestic production capabilities. Additionally, manufacturers should invest in research and development to diversify selenium applications and explore opportunities in emerging industries.
The Malaysia selenium market is projected to experience moderate growth, primarily driven by industries such as agriculture, pharmaceuticals, and electronics. Key players in this market could encompass chemical companies specializing in selenium production and distribution.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Malaysia Selenium Market Overview |
3.1 Malaysia Country Macro Economic Indicators |
3.2 Malaysia Selenium Market Revenues & Volume, 2021 & 2031F |
3.3 Malaysia Selenium Market - Industry Life Cycle |
3.4 Malaysia Selenium Market - Porter's Five Forces |
3.5 Malaysia Selenium Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Malaysia Selenium Market Revenues & Volume Share, By Applications, 2021 & 2031F |
4 Malaysia Selenium Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Malaysia Selenium Market Trends |
6 Malaysia Selenium Market, By Types |
6.1 Malaysia Selenium Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Malaysia Selenium Market Revenues & Volume, By Type, 2018 - 2031F |
6.1.3 Malaysia Selenium Market Revenues & Volume, By Food Grade, 2018 - 2031F |
6.1.4 Malaysia Selenium Market Revenues & Volume, By Industrial Grade, 2018 - 2031F |
6.2 Malaysia Selenium Market, By Applications |
6.2.1 Overview and Analysis |
6.2.2 Malaysia Selenium Market Revenues & Volume, By Metallurgy, 2018 - 2031F |
6.2.3 Malaysia Selenium Market Revenues & Volume, By Agriculture, 2018 - 2031F |
6.2.4 Malaysia Selenium Market Revenues & Volume, By Animal Feed industry, 2018 - 2031F |
6.2.5 Malaysia Selenium Market Revenues & Volume, By Chemical industry, 2018 - 2031F |
6.2.6 Malaysia Selenium Market Revenues & Volume, By Dietary supplements, 2018 - 2031F |
6.2.7 Malaysia Selenium Market Revenues & Volume, By Other, 2018 - 2031F |
7 Malaysia Selenium Market Import-Export Trade Statistics |
7.1 Malaysia Selenium Market Export to Major Countries |
7.2 Malaysia Selenium Market Imports from Major Countries |
8 Malaysia Selenium Market Key Performance Indicators |
9 Malaysia Selenium Market - Opportunity Assessment |
9.1 Malaysia Selenium Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Malaysia Selenium Market Opportunity Assessment, By Applications, 2021 & 2031F |
10 Malaysia Selenium Market - Competitive Landscape |
10.1 Malaysia Selenium Market Revenue Share, By Companies, 2024 |
10.2 Malaysia Selenium Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |