South Korea Vapor Recovery Units Market Size, Share, Trends, Industry Analysis Report By Technology (Absorption, Condensation, Membrane Separation, Adsorption, Others), By Application, By End User – Market Forecast, 2025–2034
Description
The south korea vapor recovery units market size is expected to reach USD 370.21 million by 2034, according to a new study by Polaris Market Research. The report “South Korea Vapor Recovery Units Market Share, Size, Trends, Industry Analysis Report By Technology (Absorption, Condensation, Membrane Separation, Adsorption, Others), By Application, By End User; Market Forecast, 2025–2034” gives a detailed insight into current market dynamics and provides analysis on future market growth.
Vapor recovery units (VRUs) are systems designed to capture and recover harmful vapors emitted during the storage, loading, and unloading of volatile liquids such as gasoline, crude oil, and chemicals. These vapors, primarily hydrocarbons, contribute to air pollution, health hazards, and product loss. VRUs use technologies such as adsorption, absorption, condensation, or membrane separation to capture and condense vapors into liquid form, which can then be reused or safely disposed of. They are widely used in industries such as oil & gas, petrochemicals, and fuel distribution to comply with environmental regulations, reduce emissions, and improve operational efficiency. VRUs help protect the environment by preventing the release of volatile organic compounds (VOCs). It helps enhance workplace safety and minimize economic losses from evaporative product waste.
Vapor recovery units (VRUs) are advanced systems implemented to meet stringent environmental standards set by the Ministry of Environment. The country has adopted strict regulations to control VOC emissions, particularly in industrial zones, oil storage terminals, and gas stations. South Korean VRUs often employ adsorption and condensation technologies to ensure high recovery rates. The government enforces compliance through regular inspections and penalties for non-compliance, driving industries to invest in efficient VRU systems. Additionally, South Korea’s focus on sustainability has led to innovations in energy-efficient VRUs, reducing operational costs while minimizing environmental impact. Major industries, including petrochemicals and oil refining, prioritize VRU installations to align with the nation’s green growth policies and international climate commitments.
South Korea Vapor Recovery Units (VRUs) Market Report Highlights
In terms of technology, the absorption segment accounted for a major South Korea VRUs market share in 2024 due to its high efficiency in capturing VOCs and its adaptability across multiple industrial applications, including oil and gas, petrochemical, and chemical manufacturing facilities.
Based on application, the storage segment held the largest market share in 2024 as oil refineries, fuel terminals, and petrochemical facilities increased the installation of recovery systems to control emissions during the storage of crude oil, gasoline, and other volatile fuels.
In terms of end user, the chemicals & petrochemicals segment is expected to grow at a rapid pace in the coming years, owing to the sector’s rapid capacity expansion and its high VOC emission potential during production and handling processes.
A few major companies operating in the South Korea vapor recovery units market include Aereon; Alma Group; Borsig; Cimarron Energy, Inc.; Cool Sorption A/S; Flogistix LP.; John Zink Hamworthy; PSG Dover; Symex; and VOCZero Ltd.
Polaris Market Research has segmented the South Korea vapor recovery units market report on the basis of technology, application, and end user:
By Technology Outlook (Revenue, USD Million, 2021–2034)
Absorption
Condensation
Membrane Separation
Adsorption
Others
By Application Capacity Outlook (Revenue, USD Million, 2021–2034)
Processing
Storage
Transportation
Railcar Loading
Others
By End User Outlook (Revenue, USD Million, 2021–2034)
Oil & Gas
Upstream (Wellhead, Tank Batteries)
Midstream
Downstream
Chemicals & Petrochemicals
Landfills
Others
Vapor recovery units (VRUs) are systems designed to capture and recover harmful vapors emitted during the storage, loading, and unloading of volatile liquids such as gasoline, crude oil, and chemicals. These vapors, primarily hydrocarbons, contribute to air pollution, health hazards, and product loss. VRUs use technologies such as adsorption, absorption, condensation, or membrane separation to capture and condense vapors into liquid form, which can then be reused or safely disposed of. They are widely used in industries such as oil & gas, petrochemicals, and fuel distribution to comply with environmental regulations, reduce emissions, and improve operational efficiency. VRUs help protect the environment by preventing the release of volatile organic compounds (VOCs). It helps enhance workplace safety and minimize economic losses from evaporative product waste.
Vapor recovery units (VRUs) are advanced systems implemented to meet stringent environmental standards set by the Ministry of Environment. The country has adopted strict regulations to control VOC emissions, particularly in industrial zones, oil storage terminals, and gas stations. South Korean VRUs often employ adsorption and condensation technologies to ensure high recovery rates. The government enforces compliance through regular inspections and penalties for non-compliance, driving industries to invest in efficient VRU systems. Additionally, South Korea’s focus on sustainability has led to innovations in energy-efficient VRUs, reducing operational costs while minimizing environmental impact. Major industries, including petrochemicals and oil refining, prioritize VRU installations to align with the nation’s green growth policies and international climate commitments.
South Korea Vapor Recovery Units (VRUs) Market Report Highlights
In terms of technology, the absorption segment accounted for a major South Korea VRUs market share in 2024 due to its high efficiency in capturing VOCs and its adaptability across multiple industrial applications, including oil and gas, petrochemical, and chemical manufacturing facilities.
Based on application, the storage segment held the largest market share in 2024 as oil refineries, fuel terminals, and petrochemical facilities increased the installation of recovery systems to control emissions during the storage of crude oil, gasoline, and other volatile fuels.
In terms of end user, the chemicals & petrochemicals segment is expected to grow at a rapid pace in the coming years, owing to the sector’s rapid capacity expansion and its high VOC emission potential during production and handling processes.
A few major companies operating in the South Korea vapor recovery units market include Aereon; Alma Group; Borsig; Cimarron Energy, Inc.; Cool Sorption A/S; Flogistix LP.; John Zink Hamworthy; PSG Dover; Symex; and VOCZero Ltd.
Polaris Market Research has segmented the South Korea vapor recovery units market report on the basis of technology, application, and end user:
By Technology Outlook (Revenue, USD Million, 2021–2034)
Absorption
Condensation
Membrane Separation
Adsorption
Others
By Application Capacity Outlook (Revenue, USD Million, 2021–2034)
Processing
Storage
Transportation
Railcar Loading
Others
By End User Outlook (Revenue, USD Million, 2021–2034)
Oil & Gas
Upstream (Wellhead, Tank Batteries)
Midstream
Downstream
Chemicals & Petrochemicals
Landfills
Others
Table of Contents
120 Pages
- 1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
- 2. Executive Summary
- 2.1. Market Highlights
- 3. Research Methodology
- 3.1. Overview
- 3.1.1. Data Mining
- 3.2. Data Source
- 3.2.1. Primary Source
- 3.2.2. Secondary Source
- 4. South Korea Vapor Recovery Units Market Insights
- 4.1. South Korea Vapor Recovery Units Market – Market Snapshot
- 4.2. South Korea Vapor Recovery Units Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Expanding Oil & Gas Infrastructure
- 4.2.1.2. Stringent Environmental Regulations
- 4.2.2. Restraints and Challenges
- 4.2.2.1. High Initial Investment and Operating Costs
- 4.3. Porter’s Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTEL Analysis
- 4.5. South Korea Vapor Recovery Units Market Trends
- 4.6. Value Chain Analysis
- 5. South Korea Vapor Recovery Units Market, by Technology
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. South Korea Vapor Recovery Units Market, by Technology, 2020-2034 (USD Million)
- 5.3. Absorption
- 5.3.1. South Korea Vapor Recovery Units Market, by Absorption, by Region, 2020-2034 (USD Million)
- 5.4. Condensation
- 5.4.1. South Korea Vapor Recovery Units Market, by Condensation, by Region, 2020-2034 (USD Million)
- 5.5. Membrane Separation
- 5.5.1. South Korea Vapor Recovery Units Market, by Membrane Separation, by Region, 2020-2034 (USD Million)
- 5.6. Adsorption
- 5.6.1. South Korea Vapor Recovery Units Market, by Adsorption, by Region, 2020-2034 (USD Million)
- 5.7. Others
- 5.7.1. South Korea Vapor Recovery Units Market, by Others, by Region, 2020-2034 (USD Million)
- 6. South Korea Vapor Recovery Units Market, by Application
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. South Korea Vapor Recovery Units Market, by Application, 2020-2034 (USD Million)
- 6.3. Processing
- 6.3.1. South Korea Vapor Recovery Units Market, by Processing, by Region, 2020-2034 (USD Million)
- 6.4. Storage
- 6.4.1. South Korea Vapor Recovery Units Market, by Storage, by Region, 2020-2034 (USD Million)
- 6.5. Transportation
- 6.5.1. South Korea Vapor Recovery Units Market, by Transportation, by Region, 2020-2034 (USD Million)
- 6.6. Railcar Loading
- 6.6.1. South Korea Vapor Recovery Units Market, by Railcar Loading, by Region, 2020-2034 (USD Million)
- 6.7. Others
- 6.7.1. South Korea Vapor Recovery Units Market, by Others, by Region, 2020-2034 (USD Million)
- 7. South Korea Vapor Recovery Units Market, by End User
- 7.1. Key Findings
- 7.2. Introduction
- 7.2.1. South Korea Vapor Recovery Units Market, by End User, 2020-2034 (USD Million)
- 7.3. Oil & Gas
- 7.3.1. South Korea Vapor Recovery Units Market, by Oil & Gas, by Region, 2020-2034 (USD Million)
- 7.3.2. Upstream (Wellhead, Tank Batteries)
- 7.3.2.1. South Korea Vapor Recovery Units Market, by Upstream (Wellhead, Tank Batteries), by Region, 2020-2034 (USD Million)
- 7.3.3. Midstream
- 7.3.3.1. South Korea Vapor Recovery Units Market, by Midstream, by Region, 2020-2034 (USD Million)
- 7.3.4. Downstream
- 7.3.4.1. South Korea Vapor Recovery Units Market, by Downstream, by Region, 2020-2034 (USD Million)
- 7.4. Chemicals & Petrochemicals
- 7.4.1. South Korea Vapor Recovery Units Market, by Chemicals & Petrochemicals, by Region, 2020-2034 (USD Million)
- 7.5. Landfills
- 7.5.1. South Korea Vapor Recovery Units Market, by Landfills, by Region, 2020-2034 (USD Million)
- 7.6. Others
- 7.6.1. South Korea Vapor Recovery Units Market, by Others, by Region, 2020-2034 (USD Million)
- 8. Competitive Landscape
- 8.1. Expansion and Acquisition Analysis
- 8.1.1. Expansion
- 8.1.2. Acquisitions
- 8.2. Partnerships/Collaborations/Agreements/Exhibitions
- 9. Company Profiles
- 9.1. Aereon, Inc.
- 9.1.1. Company Overview
- 9.1.2. Financial Performance
- 9.1.3. Product Benchmarking
- 9.1.4. Recent Development
- 9.2. Alma Group
- 9.2.1. Company Overview
- 9.2.2. Financial Performance
- 9.2.3. Product Benchmarking
- 9.2.4. Recent Development
- 9.3. Borsig
- 9.3.1. Company Overview
- 9.3.2. Financial Performance
- 9.3.3. Product Benchmarking
- 9.3.4. Recent Development
- 9.4. Cimarron Energy, Inc.
- 9.4.1. Company Overview
- 9.4.2. Financial Performance
- 9.4.3. Product Benchmarking
- 9.4.4. Recent Development
- 9.5. Cool Sorption A/S
- 9.5.1. Company Overview
- 9.5.2. Financial Performance
- 9.5.3. Product Benchmarking
- 9.5.4. Recent Development
- 9.6. Flogistix, LP
- 9.6.1. Company Overview
- 9.6.2. Financial Performance
- 9.6.3. Product Benchmarking
- 9.6.4. Recent Development
- 9.7. John Zink Hamworthy Combustion
- 9.7.1. Company Overview
- 9.7.2. Financial Performance
- 9.7.3. Product Benchmarking
- 9.7.4. Recent Development
- 9.8. PSG Dover
- 9.8.1. Company Overview
- 9.8.2. Financial Performance
- 9.8.3. Product Benchmarking
- 9.8.4. Recent Development
- 9.9. Symex Technologies LLC
- 9.9.1. Company Overview
- 9.9.2. Financial Performance
- 9.9.3. Product Benchmarking
- 9.9.4. Recent Development
- 9.10. VocZero Ltd
- 9.10.1. Company Overview
- 9.10.2. Financial Performance
- 9.10.3. Product Benchmarking
- 9.10.4. Recent Development
Pricing
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