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.
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ANSI Cartridge Seals Market: Strategic Insights
Market Size Value in US$ 514.61 million in 2023 Market Size Value by US$ 761.54 million by 2030 Growth rate CAGR of 5.8% from 2023 to 2030 Forecast Period 2023-2030 Base Year 2023
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ANSI Cartridge Seals Market: Strategic Insights
| Market Size Value in | US$ 514.61 million in 2023 |
| Market Size Value by | US$ 761.54 million by 2030 |
| Growth rate | CAGR of 5.8% from 2023 to 2030 |
| Forecast Period | 2023-2030 |
| Base Year | 2023 |
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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.
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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.
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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 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.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type, and Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
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.
The incremental growth, expected to be recorded for the ANSI cartridge seal market during the forecast period, is US$ 246.94 million.
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 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 List of Companies - ANSI Cartridge Seals Market
- A W Chesterton Co
- Advanced Sealing Technology Inc
- AESSEAL Plc
- HI-FAB Engineers Pvt Ltd
- Scenic Co Ltd
- Flowserve Corp
- EagleBurgmann Germany GmbH & Co KG
- Flexaseal Engineered Seals and Systems LLC
- Stramek Flow Control SL
- World Sealing Corp
- John Crane
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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