ANSI Cartridge Seals Market Size, Analysis Report 2030

[Research Report] The ANSI cartridge seals market size is expected to grow from US$ 514.61 million in 2023 to US$ 761.54 million by 2030; it is estimated to register a CAGR of 5.8% from 2023 to 2030.

 

ANSI Cartridge Seals Market Analyst Perspective:

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.

ANSI Cartridge Seals Market Overview:

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.

Customize This Report To Suit Your Requirement

You will get customization on any report - free of charge - including parts of this report, or country-level analysis, Excel Data pack, as well as avail great offers and discounts for start-ups & universities

Get FREE CUSTOMIZATION

ANSI Cartridge Seals Market: Strategic Insights

• Get Top Key Market Trends of this report.
  This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.

Free Sample PDF

 

ANSI Cartridge Seals Market Driver:

Increasing Adoption in the Chemical & Petrochemical Industry to Drive Growth of ANSI cartridge seals 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. 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.

ANSI Cartridge Seals Market Segmental Analysis:

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.

ANSI Cartridge Seals Market Regional Analysis:

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.

ANSI Cartridge Seals Market Key Player Analysis:

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.

ANSI Cartridge Seals Market Regional Insights

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.

ANSI Cartridge Seals Market Report Scope

ANSI Cartridge Seals Market Players Density: Understanding Its Impact on Business Dynamics

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:

1. A W Chesterton Co
2. Advanced Sealing Technology Inc
3. AESSEAL Plc
4. HI-FAB Engineers Pvt Ltd
5. Scenic Co Ltd

Disclaimer: The companies listed above are not ranked in any particular order.

ANSI Cartridge Seals Market Recent Developments: 

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:

• In 2023, The Edmonton company announced that it had sold a controlling stake in its sealing business to the UK-based AES Engineering Ltd. AES Edmonton will be formed as a result of the transaction data, which will be for an undisclosed amount. AES Edmonton will be based in brand-new facilities that follow the strictest AES standards. The company will continue to provide services to all sectors of the local economy and the Canadian sealing market.

• In January 2022, the EagleBurgmann launched CobaDGS mechanical seal, the first gas-lubricated seal to totally stop climate-critical leakage. It is a high-pressure, nitrogen-supplied dry gas seal, making it appropriate for compressors used by gas network operators. Nitrogen can be produced on-site using an optional supply unit, which will save money on transportation.

• In 2022, A.W. Chesterton Company released its newest mechanical seal product, the 1510 General Duty Single Cartridge Seal. Accompanying the recently released 1810/2810 high-performance seals, this seal represents another foundational component for Chesterton's cartridge seal portfolio and future mechanical seal business.

• In 2021, Stramek Flow Control SL, a leading industrial equipment supplier, introduced a new range of Standard Cartridge Mechanical Seals, “Auro Series- Type X, Q, S,” with features such as ISO and ANSI pumps, three modular designs, special shape seal face, Xtradiamond seal face, and XtraLast FFKM O-Rings.

• In 2020, A.W. Chesterton Company in connection with its German unit, near Munich, the company has established a new European Mechanical Seals Manufacturing Facility. In addition, the new service center provides Chesterton customers and partners with superior quality seal production, together with Chesterton's cutting-edge design of seals to improve regional services and faster response times.