ANSI Cartridge Seals Market Size, Share, Growth by 2030

The ANSI cartridge seals market is anticipated to expand from approximately US$ 514.61 million in 2023 to around US$ 761.54 million by 2030, reflecting a compound annual growth rate (CAGR) of 5.8% during the period from 2023 to 2030.

In North America, a variety of companies are engaged in the production of ANSI cartridge seals. Notable players such as Flowserve, A.W. Chesterton Company, and AESSEAL are actively enhancing their product offerings and introducing innovative solutions to meet customer needs. For instance, in November 2019, A.W. Chesterton Company unveiled new single and double cartridge seals based on their AXIUS modular seal platform, designed to provide scalability for various sealing applications in the field. This ongoing innovation among market participants is expected to significantly contribute to the growth of the ANSI cartridge seals market share.

The expansion of the chemical sector in Europe is a key driver for the growth of ANSI cartridge seals. As reported by Cefic, the European Chemical Industry Council, Europe ranks as the second-largest chemical producer globally, with chemical sales reaching approximately US$ 749.45 billion (EUR 761 billion) in 2021. The report also highlighted that the 27 member states of the European Union derived 34% of their sales from exports in the same year. Consequently, the increasing production and sales within the chemical industry are likely to enhance the growth prospects for ANSI cartridge seals during the forecast period.

The Middle East and Africa (MEA) region stands out as a significant oil and gas producer worldwide. Numerous companies in this sector are engaged in oil exploration activities, which are expected to drive the demand for ANSI cartridge seals in pump systems. Additionally, the pharmaceutical industry in South America (SAM) is experiencing remarkable growth. According to the Community of Latin American and Caribbean States (CELAC), the pharmaceutical sector contributes 3.1% to the region's manufacturing GDP. Therefore, the burgeoning pharmaceutical industry in SAM is projected to positively impact the ANSI cartridge seals market share.

The Asia-Pacific (APAC) region is witnessing rapid growth in the ANSI cartridge seals market, primarily due to the presence of numerous pharmaceutical manufacturing firms that are expanding their production capabilities. For example, in December 2022, Balaxi Pharmaceuticals announced the initiation of a new drug manufacturing facility in Telangana, India, with an investment of nearly US$ 10.29 million (Rs 85 crore). Furthermore, China and Japan rank as the second and third largest pharmaceutical markets globally, respectively. Thus, the expanding pharmaceutical sector in APAC is expected to significantly drive the growth of the ANSI cartridge seals market.

The chemical industry in Europe continues to be a major factor propelling the ANSI cartridge seals market. As previously mentioned, Cefic indicates that Europe is the second-largest chemical producer in the world, with substantial sales figures. The 27 EU countries' reliance on foreign exports for 34% of their sales further underscores the importance of this sector. Therefore, the increasing production and sales of chemicals are likely to enhance the growth trajectory of the ANSI cartridge seals market during the forecast period.

Key players in the ANSI cartridge seals market include A.W. Chesterton Co, Advanced Sealing Technology, AESSEAL, 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. This market analysis also examined several other prominent global and regional players, emerging companies, market disruptors, and niche participants, providing a comprehensive overview of the ANSI cartridge seals market landscape.