In the pharmaceutical industry, the cartridge seal is used for packaging to ensure product integrity during storage and transportation. The growing pharmaceutical industry is driving the adoption of cartridge seals in the pumps. Further, governments of several countries are taking various initiatives to grow the pharmaceutical sector in their country, augmenting the market growth. For instance, the government of India launched a policy known as 'Pharma Vision 2020', which aims to attract the pharmaceutical industry in India and become a global leader in end-to-end drug manufacturing, which will help the ANSI cartridge seals market to grow in the forecasted period. In addition, strict laws regulating food safety exist in many parts of the world. These rules encompass every step of the food supply chain, including production, processing, transportation, and distribution. Such regulations also propel the adoption of the cartridge seal in the food and beverage industry. The companies also manufacture products that are FDA / EU-compliant materials. AESSEAL plc is a UK-based company offering various cartridge seals suitable for the food and beverage industry. The AESSEAL plc offers F-Convertor II, F-SCUSI, F-CSM, F-CDM, and F-FIDC. Thus, the growing pharmaceutical and food and beverage industries are propelling the growth of the ANSI cartridge seals market.
The cartridge seal is utilized to stop fluid or gas leakage through the space between the shaft and the container. The cartridge seal has elements such as gland, sleeve, seal faces (2 or 4), an energizing force source (single spring, multiple springs, metal bellows, or elastomer), and a lock collar to set it to the shaft. The cartridge seal is a completely enclosed seal system with preassembled components.
Cartridge seals are mostly used in the chemical & petrochemical industry for sealing applications. A cartridge seal provides efficient fluid containment and prevents leakage, ensuring the safe operation of various equipment and processes. In the chemical industry, agitators and mixers are used for blending and stirring various substances. Cartridge seals are used in this equipment to prevent leakage and maintain the process efficiency. For instance, EagleBurgmann, headquartered in Germany, offers its cartridge unit for application in the chemical industry. The growth of the chemical industry is boosting the adoption of cartridge seals. For instance, in March 2023, according to the Secretary of Chemicals & Petrochemicals and the Ministry of Chemicals & Fertilizers, the chemical industry was valued at US$ 220 billion in March 2022. By the end of 2025, the chemical industry is expected to be valued at US$ 300 billion, reaching US$ 1 trillion by 2040.
In the petrochemical industry, cartridge seals can be used in pumps, mixers, and compressors. Flexaseal Engineered Seals and Systems, LLC. — a US-based company—offers 53A, 58A, 59A, 63A & 66A, 78A, and 79A product cartridge seals for petrochemical plants. All these products have a rugged and durable design to withstand higher temperatures. The increasingly high demand for the petrochemical products such as methane, ethane, and propylene is helping boost the adoption of cartridge seals. For instance, according to the US Energy Information Administration, ethane production in the US was 0.95 million barrels per day (b/d) in the first quarter of 2013, and it increased to 1.85 million b/d in the first quarter of 2021. This is propelling the adoption of the cartridge seal in the petrochemical industry.
Based on type, the ANSI cartridge seals market is segmented into single cartridge seals and dual cartridge seals. The dual cartridge seals segment is expected to have the higher ANSI cartridge seals market share 2023. It ensures that only clean lubrication is applied to the seal faces, greatly extending the life of mechanical seals and making them ideal for sealing hazardous, abrasive, or corrosive fluids.
Based on geography, the ANSI cartridge seals market size is primarily segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America (SAM). North America held the largest ANSI cartridge seals market share in 2022, followed by Europe and Asia Pacific. Further, Asia Pacific is expected to register the highest CAGR in the market from 2023 to 2030.
North America is home to various market players that produce ANSI cartridge seals. Flowserve, A.W. Chesterton Company, and AESSEAL are among the market players that are continuously working on expanding their product portfolio and providing new and innovative solutions to their customers. In November 2019, A.W. Chesterton Company announced the launch of new single and double cartridge seals. These seals are built on its new AXIUS modular seal platform, which will help provide in-field scalability for different sealing applications. Thus, the increasing innovation by the market players will further fuel the growth of the ANSI cartridge seals market.
The ANSI cartridge seals market consists of the players such as A W Chesterton Co, Advanced Sealing Technology, AESSEA, EagleBurgmann, Flexaseal Engineered Seals and Systems, LLC., Flowserve Corporation, HI-FAB Engineers Pvt. Ltd., Scenic Co., Ltd, Stramek Flow Control, S.L., and World Sealing Corporation. Among the players in the ANSI cartridge seals market Flowserve Corp and EagleBurgmann Germany GmbH & Co KG are the top two players owing to the diversified product portfolio offered.
The regional trends and factors influencing the ANSI Cartridge Seals Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses ANSI Cartridge Seals Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ 514.61 Million |
| Market Size by 2030 | US$ 761.54 Million |
| Global CAGR (2023 - 2030) | 5.8% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2030 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The ANSI Cartridge Seals Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the ANSI Cartridge Seals Market are:
Disclaimer: The companies listed above are not ranked in any particular order.
Inorganic and organic strategies such as mergers and acquisitions are highly adopted by companies in the ANSI cartridge seals market. A few recent key market developments are listed below:
The List of Companies - ANSI Cartridge Seals Market
The ANSI cartridge seal market is expected to reach US$ 761.54 million by 2030.
The global ANSI cartridge seal market was estimated to be USD 489.47 million in 2022 and is expected to grow at a CAGR of 5.8%, during the forecast period 2023 - 2030.
APAC is anticipated to grow with the highest CAGR over the forecast period with a CAGR of 6.4%.
The key players, holding majority shares, in ANSI cartridge seal market includes Flowserve Corp, EagleBurgmann Germany GmbH & Co KG, John Crane, AESSEAL Plc, and A W Chesterton Co.
The incremental growth, expected to be recorded for the ANSI cartridge seal market during the forecast period, is US$ 246.94 million.
Technological advancements in sealing solutions and pumps will shape the future of the ANSI cartridge seal market.
Cartridge seals are mostly used in the chemical & petrochemical industry for sealing applications. A cartridge seal provides efficient fluid containment and prevents leakage, ensuring the safe operation of various equipment and processes. The growth of the chemical industry is boosting the adoption of cartridge seals. For instance, in March 2023, according to the Secretary of Chemicals & Petrochemicals and the Ministry of Chemicals & Fertilizers, the chemical industry was valued at US$ 220 billion in March 2022. By the end of 2025, the chemical industry is expected to be valued at US$ 300 billion, reaching US$ 1 trillion by 2040.