Rupture Disc Market

Market Study on Rupture Discs: Metallic Discs to Hold Prominent Market Share through 2031

Rupture Disc Market Segmented By Graphite Rupture Discs, Metallic Rupture Discs Material Type with Positive Arch, Anti-Arch and Flat Type Rupture Discs Product

Market Snapshot

In 2021, in the overall rupture disc market, revenue from graphite rupture discs grew 2.7% year-over-year, while demand for metallic rupture discs increased 3.5% in 2020-2021. As per detailed analysis done by Persistence Market Research, the global rupture disc market enjoyed year-over-year growth of 3.2% in 2021.

Base Year Value (2020A)

US$ 569 Mn

Projected Year Value (2031F)

US$ 843.2 Mn

Value CAGR (2021-2031)

3.7%

Collective Value Share: Top 3 Countries (2021E)

33.1%

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Companies

  • BS&B Safety Systems, L.L.C.
  • Fike Corporation
  • Parker Hannifin Corp
  • Halma Plc
  • Graco Inc.
  • WOLFF GROUP
  • V-TEX Corp.
  • Emerson Electric Co.
  • Continental Disc Corporation LLC
  • Mersen Group
  • REMBE
  • BASCO

Rupture Disc Historical Demand Analysis Vs Future Market Projections

As per research, there has been greater demand for enhancing safety in industrial operations due to growing number of accidents. Recently, demand for high-performance rupture discs has been increasing. Regulatory bodies have formulated numerous regulations to improve operation safety, which key manufacturers are following to increase their market presence and product sales globally.

The oil & gas industry entered the second year of recovery in 2018 after going through a tough three-year duration. Continuous increase in upstream production is positively impacting steady growth of the industry, and this is estimated to offer significant opportunities for rupture disc manufacturers.

Research & development on rupture discs is anticipated to have significant contribution to market growth over the years to come. Several other new features by existing as well as emerging companies are likely to attract customers from other domains of the industry.

Owing to the ongoing crisis caused by COVID-19, production and supply chain activities witnessed a slump in 2020. Yet, consumption will improve with economic recovery post-pandemic.

Industries such as chemical plants, utilities / power generation, nuclear, oil & gas, aerospace, aviation, railway, trucking, shipping, food processing, pharmaceuticals, brewing, synthetics / rubber, and pulp & paper, where rupture discs are majorly used to provide protection to personnel, equipment, and plants, to protect safety relief valves against corrosion, plugging, and leakage, and to provide cost-effective maintenance, are shaping the future path for the growing global market for rupture discs.

Persistence Market Research expects the market to expand at value CAGR of 3.7% through 2031.

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What is the Commercial Potential of Rupture Discs?

Rupture discs are mostly used in oil & gas and chemical industries. However, these products have a wide range of application across various industries such as transportation, aerospace, automotive, oil & gas, energy, chemicals, pharmaceuticals, food & beverages, etc., which results in a highly growing market.

According to the study, rupture discs play a vital role in alienating safety concerns regarding industrial operations. Companies are investing in technological advances in rupture disc design and manufacturing, using laser technology and advanced engineering, to produce reliable, cost-effective rupture discs.

Competitive price offerings and rise in end-user satisfaction based on performance and use of advanced technologies are the end results of R&D activities. Moreover, establishing sales and service facilities in emerging countries coupled with long-term partnerships with regional distributors are also paving the way for the expansion of channel reach.

rupture-disc-market

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Country-wise Insights

Why are U.S. Rupture Disc Manufacturers Doing Extremely Well?

Manufacturers in the U.S. are gaining market leadership by providing products to specified end users to match their precise specifications required to provide essential over-pressure protection for equipment and withstand conditions in normal day-to-day industrial operations.

In recent years, there has been high growth in oil & gas, transportation, and chemical industries in terms of production and consumption. Hence, safety and maintenance is becoming more and more important day by day, which is specifically boosting demand for rupture discs in the country.

Demand for rupture discs in the country has been rising from end-use verticals such as automotive & transportation, oil & gas, energy, and pharmaceutical industries over the last few years. This trend will continue to drive sales over the years to come because of rising awareness of safety provisions, which will provide long-term financial gains to industry owners.

Will China and Japan Be Lucrative Markets for Rupture Discs?

Persistence Market Research has projected that East Asian countries such as China and Japan will remain top lucrative markets of rupture discs throughout the course of the forecast period, as there is robust demand from power generation, chemicals, and petrochemical industries.

One of the key factors supporting this is increasing oil & gas exploration in South China, leading to more process and related installation of pipes and valves.

Growth in the region is likely record a CAGR of 4.4% over the forecast period of 2021 to 2031. Another reason for this trend is rising demand for precise safety technological devices for industrial processes across various industries.

What’s the Growth Outlook of India for Rupture Discs?

According to the market research, in 2019, South Asia & Pacific was touted to be an emerging market of high growth for rupture discs. The region is likely to offer several growth opportunities to market vendors in the near future. This is due to growth in pharmaceutical and automotive manufacturing hubs in the nation, which has provided impetus to demand for rupture discs.

Also, several other sectors, including oil & gas, power, chemicals, and food & beverages, are seeing higher demand for rupture discs in the nation off late.

What’s Driving Sales of Rupture Discs in Germany?

Based on the study, there are mainly four sectors that specifically dominate industrial output and share in the domestic GDP of Germany - automotive, mechanical engineering, chemicals, and electrical. End users such as automotive and chemical industries are always strong in Germany, which is expected to drive the market for rupture discs at the highest CAGR among European countries.

Also, other end users such as food & beverage industry are lucrative markets that have shown great demand for rupture discs, and will continue to do so over the coming years. Germany also has numerous small to medium manufacturers, and good reachability for aftersales service from them makes the country one of the leading markets for rupture discs.

How Manufacturers of Rupture Discs Coping with Notable Demand Surge across GCC Countries?

There has been a recent surge in use of rupture disc in GCC countries. The region has some of the world's fastest-growing economies, thanks to surge in oil & gas revenue as well as construction and investment boom fueled by decades of petroleum revenue savings.

Core GCC states of Saudi Arabia, United Arab Emirates, Kuwait, and Qatar are leading oil & gas producing countries, due to which, sales in this region are expected to increase at a value CAGR of 3.1% during the forecast period.

Moreover, immense opportunity for rupture disc manufacturers in the Middle East and Africa region is likely to be seen, owing to high use in mining, power generation, and oil & gas industries.

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Category-wise Insights

Why is There Significant Demand for Rupture Discs from the Oil & Gas Industry?

Market share of rupture discs from the oil & gas industry is significant. The reason behind such vast sales is the fact that these discs lead to leak-tightness, cost savings, quick response time, and ease of maintenance as compared to substitute such as pressure relief valves.

Demand for rupture discs is constantly increasing from industries such as oil & gas, energy, transportation, chemicals, etc., which are committed to the use of fast-acting relief devices. Another factor for growth in sales is that many industries are moving toward automation, and technological advancements in rupture discs fulfill this need precisely.

Which Application of Rupture Discs is Identified to be More Profound?

Rupture discs are used in various fields such as oil & gas, water & wastewater, power, chemicals, food & beverages, pharmaceuticals, metals and mining, and pulp & paper, as they operate efficiently and effectively while dealing with high viscous fluids.

Based on application, rupture discs in combination with relief valves is the most popular application and is gaining more importance than standalone applications of rupture discs. This combination is becoming popular across various industries mainly due to advantages attached with their collation such as allowing safety relief valves to be tested in place, longer periods between major overhauls, zero process leakage to the atmosphere, use of less expensive valve trim material, and increased lifespan of valves.

This segment is expected to expand at a significant CAGR owing to its popularity and promising long-term benefits.

Which Material Type is Most Preferred for Rupture Discs?

Looking toward supply-side trends, large market players are more into metallic rupture discs. Manufacturers are focusing more on advancements in these devices, thereby boosting sales across regions, because these are used to protect piping, vessels, and other pressure-containing components from excessive pressure and/or vacuum.

Metallic rupture disc hold nearly 3/4 market share and are expected to witness surging demand at the highest CAGR over the coming years. Over the forecast period, multi-path rupture disc are expected to witness high demand as well.

In many industries, metallic rupture discs are ideal for enduring high-operating pressure, which is why, they are likely to surpass demand for standalone rupture discs over the coming years.

Competitive Landscape

The rupture disc market is primarily fragmented in nature with the presence of a large number of lower tier players operating in this space. Key players are focusing on gaining the attention of a specific demography.

In-house R&D of companies continues to focus on design advancements to push engineered rupture discs and associated technologies to meet new levels of precision and safety.

Leading players in the market are focusing on developing partnerships with prominent end users. Companies engaged in rupture disc manufacturing are building contracts with distributors and expanding their channel reach across different parts of the world.

Rupture Disc Industry Report Scope

Attribute

Details

Forecast Period

2021-2031

Historical Data Available for

2016-2020

Market Analysis

  • US$ Million for Value
  • ‘000 Units for Volume

Key Regions Covered

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • The Middle East & Africa

Key Countries Covered

  • US
  • Canada
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Russia
  • China
  • Japan
  • South Korea
  • India
  • ASEAN
  • ANZ
  • Turkey
  • GCC Countries
  • South Africa

Key Segments Covered

  • Material Type
  • Product Type
  • Application
  • End User
  • Region

Key Companies Profiled

  • Emerson Electric Co
  • BS&B Safety Systems, L.L.C
  • Fike Corporation
  • Parker Hannifin Corp
  • Halma Plc
  • Graco Inc.
  • V-TEX Corp.
  • Continental Disc Corporation LLC
  • Mersen Group
  • WOLFF GROUP
  • BASCO
  • REMBE
  • Shanghai Huali Safety Devices Co., Ltd
  • Dalian Duta Technology Safety System Co Ltd

Report Coverage

  • Market Forecasts
  • Brand Share Analysis
  • Competition Intelligence
  • DROT Analysis
  • Market Dynamics and Challenges
  • Strategic Growth Initiatives

Customization & Pricing

Available upon Request

Segmentation of Rupture Disc Industry Survey:

By Material Type

  • Graphite Rupture Discs
  • Metallic Rupture Discs

By Product Type

  • Positive Arch Rupture Discs
  • Anti-Arch Rupture Discs
  • Flat Type Rupture Discs

By Application

  • Standalone Rupture Discs
  • Rupture Discs in Combination With Relief Valves

By End User

  • Transportation
  • Aerospace
  • Automotive
  • Oil and Gas
  • Energy
  • Chemicals
  • Pharmaceuticals
  • Others

Enquiry before Buying

  • Is this research conducted by Persistence Market Research?

    Yes, the research has been conducted by expert analysts of Persistence Market Research through a combination of primary research and secondary research. To know more about how the research was conducted, you can speak to a research analyst.

  • What research methodology is followed by Persistence Market Research?

    Persistence Market Research follows a methodology that encompasses demand-side assessment of the market, and triangulates the same through supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions. Request a detailed methodology.

  • Who are the respondents for primary research?

    Persistence Market Research speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, and industry experts. For a full list of primary respondents, please reach out to us.

  • What are the sources of secondary research?

    Persistence Market Research conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.

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Media Release

- FAQs -

The global rupture disc market is currently valued at over US$ 587.5 Mn.
From 2016 to 2020, demand for rupture discs increased sluggishly at a CAGR of 1.1%.
Sales of rupture discs are projected to increase at 3.7% CAGR through 2031.
Strengthening of OEM and aftermarket sales channels with flexible pricing modules are key trends in this space.
Mersen Group, BS&B Safety Systems LLC, Halma plc, Emerson Electric Co., and Parker Hannifin Corporation hold around 18% market share.
The market for rupture discs in Europe is slated to expand at a CAGR of 2.3% over the decade.
The U.S., Japan, China, and Germany are key producers of rupture discs.
China, the U.S., and Japan are key exporting countries of rupture discs.
Japan and South Korea together hold a global market share of around 13%.
The global rupture disc market is currently valued at over US$ 587.5 Mn.
From 2016 to 2020, demand for rupture discs increased sluggishly at a CAGR of 1.1%.
Sales of rupture discs are projected to increase at 3.7% CAGR through 2031.
Strengthening of OEM and aftermarket sales channels with flexible pricing modules are key trends in this space.
Mersen Group, BS&B Safety Systems LLC, Halma plc, Emerson Electric Co., and Parker Hannifin Corporation hold around 18% market share.
The market for rupture discs in Europe is slated to expand at a CAGR of 2.3% over the decade.
The U.S., Japan, China, and Germany are key producers of rupture discs.
China, the U.S., and Japan are key exporting countries of rupture discs.
Japan and South Korea together hold a global market share of around 13%.

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