South Korea Burst Discs Market was valued at USD 0.2 Billion in 2022 and is projected to reach USD 0.4 Billion by 2030, growing at a CAGR of 6.5% from 2024 to 2030.
The South Korean burst discs market has witnessed significant growth over the years due to the increasing demand from industries such as pharmaceuticals, oil & gas, chemical manufacturing, and food processing. Burst discs, also known as rupture discs, are critical safety components designed to prevent the overpressure of systems by safely releasing pressure. This market's expansion reflects an increasing focus on safety, pressure management, and system integrity in various industries.
Industries in South Korea are rapidly recognizing the importance of burst discs in enhancing operational safety. In high-pressure systems, the failure to control pressure can lead to disastrous consequences. As a result, burst discs are increasingly required in systems like pressure vessels, pipelines, and reactors. These safety devices help safeguard equipment and prevent catastrophic failures, which has led to a rise in their adoption in South Korean industrial sectors.
Among the various types of burst discs available in the market, the most commonly used include metal, composite, and hybrid designs. Metal burst discs are preferred in high-temperature and high-pressure environments, while composite discs are more common in industries that require resistance to chemicals or where lightweight materials are important. Hybrid burst discs combine the advantages of both, offering enhanced performance and versatility. The wide variety of burst discs ensures their applicability in diverse industries, each with its own set of requirements and operational demands.
The South Korean burst discs market has grown alongside the expansion of industries requiring more advanced and efficient pressure relief solutions. This growth is fueled by South Korea’s strong industrial base and technological advancements, especially in the petrochemical, pharmaceutical, and semiconductor industries. These sectors require precise and reliable safety systems, which burst discs provide, to prevent costly downtime and potential risks to human safety.
Additionally, regulatory requirements for safety standards and the continuous push for innovation in industrial safety systems are expected to drive further demand for burst discs in the country. As industries continue to embrace newer technologies and stricter safety measures, the South Korean burst discs market is poised to grow, offering critical safety solutions for a variety of high-pressure systems.
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BS&B Safety Systems
Continental Disc
Fike
V-TEX
Halma
REMBE
Dalian Duta Technology
Shanghai Hua Li Safety Device
Emerson
Mersen
ZOOK
Donadon SDD
SGL Group
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Burst Discs Market
Metal Burst Discs
Composite Burst Discs
Polymer Burst Discs
Aerospace
Oil & Gas
Chemical Processing
Pharmaceuticals
Food & Beverage
Low Pressure (up to 100 psi)
Medium Pressure (101 to 500 psi)
High Pressure (501 psi and above)
Manufacturing
Energy & Utilities
Transportation
Construction
Healthcare
Small Burst Discs (less than 1 inch)
Medium Burst Discs (1 to 4 inches)
Large Burst Discs (above 4 inches)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Burst Discs Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Burst Discs Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Burst Discs Market, By Type
6. South Korea Burst Discs Market, By Application
7. South Korea Burst Discs Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Burst Discs Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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