Asia Pacific ANSI Cartridge Seals Market Forecast to 2030

Asia Pacific ANSI Cartridge Seals Market Forecast to 2030

Asia Pacific ANSI Cartridge Seals Market Forecast to 2030 – Regional Analysis – by Type (Single Cartridge Seals and Dual Cartridge Seals) and Application (Chemical & Petrochemical Industry, Pharmaceutical Industry, Food & beverage Industry, and Others)

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Description

The Asia Pacific ANSI cartridge seals market is expected to grow from US$ 118.30 million in 2023 to US$ 182.56 million by 2030; it is estimated to grow at a CAGR of 6.4% from 2023 to 2030.

Increasing Adoption in the Chemical & Petrochemical Industry Fuel the Asia Pacific 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 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 in India 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.

Asia Pacific ANSI Cartridge Seals Market Overview

The ANSI cartridge seals market in APAC is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. The region is witnessing tremendous growth in the chemicals & pharmaceuticals industry. The market players in this region are continuously working on expanding their manufacturing facilities. For instance, in December 2022, Balaxi Pharmaceuticals announced to initiate the construction of a new drug manufacturing facility in Telangana, India. The company invested ~US$ 10.29 million (Rs 85 crore) in this project. The new production facility will help the company enter the European markets and enhance margins in current markets. Thus, the increasing number of new production facilities in the region will raise the demand for ANSI cartridge seals, as it is an important element that helps in preventing leakage in the pump.

Asia Pacific ANSI Cartridge Seals Market Revenue and Forecast to 2030 (US$ Million)

Asia Pacific ANSI Cartridge Seals Market Segmentation

The Asia Pacific ANSI cartridge seals market is segmented based on type, application, and country. Based on type, the Asia Pacific ANSI cartridge seals market is bifurcated into single cartridge seals and dual cartridge seals. The single cartridge seals segment held a larger market share in 2023.

Based on application, the Asia Pacific ANSI cartridge seals market is segmented into chemical & petrochemical industry, pharmaceutical industry, food & beverage industry, and others. The others segment held the largest market share in 2023.

Based on country, the Asia Pacific ANSI cartridge seals market is segmented into China, Japan, India, South Korea, Australia, and the Rest of Asia Pacific. China dominated the Asia Pacific ANSI cartridge seals market share in 2023.

A W Chesterton Co; Sealing Technology; AESSEA Plc; HI-FAB Engineers Pvt. Ltd.; Scenic Co., Ltd; Flowserve Corporation; EagleBurgmann Germany GmbH & Co KG; and Flexaseal Engineered Seals and Systems, LLC. are some of the leading companies operating in the Asia Pacific ANSI cartridge seals market.

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At 6.4% CAGR, the Asia Pacific ANSI Cartridge Seals Market is speculated to be worth US$ 182.56 Million by 2030, says the research team

According to the research team research, the Asia Pacific ANSI cartridge seals market is expected to grow from US$ 118.30 million in 2023 to US$ 182.56 million by 2030, registering a CAGR of 6.4% from 2023 to 2030. Increasing adoption in the chemical & petrochemical industry and increasing strategic initiatives from manufacturers to expand production are the critical factors attributed to the Asia Pacific ANSI cartridge seals market expansion.

The increasing demand from chemical & petrochemical, pharmaceutical, and food & beverages industries is helping drive the adoption of cartridge seals. Companies are opening new manufacturing plants and taking up initiatives such as partnerships and mergers to expand their presence. Moreover, in May 2023, EagleBurgmann was a partner of the oil and gas industry and contributed to the reliability of the transportation process by providing innovative sealing solutions. EagleBurgmann introduced a new smart technology for the digital condition of monitoring seals. This is expected to drive the Asia Pacific ANSI cartridge seals market during the forecast period.

On the contrary, high initial costs and availability of alternative mechanical seals hurdles the growth of Asia Pacific ANSI cartridge seals market.

Based on type, the Asia Pacific ANSI cartridge seals market is bifurcated into single cartridge seals and dual cartridge seals. The single cartridge seals segment held 53.1% market share in 2023, amassing US$ 62.78 million. It is projected to garner US$ 90.51 million by 2030 to expand at 5.4% CAGR during 2023-2030.

Based on application, the Asia Pacific ANSI cartridge seals market is categorized into chemical & petrochemical industry, pharmaceutical industry, food & beverage industry, and others. The others segment held 45.9% market share in 2023, amassing US$ 54.31 million. It is projected to garner US$ 89.97 million by 2030 to expand at 7.5% CAGR during 2023-2030.

Based on country, the Asia Pacific ANSI cartridge seals market has been categorized into China, Japan, India, South Korea, Australia, and the Rest of Asia Pacific. Our regional analysis states that China captured 34.2% share of Asia Pacific ANSI cartridge seals market in 2023. It was assessed at US$ 40.41 million in 2023 and is likely to hit US$ 66.88 million by 2030, exhibiting a CAGR of 7.5% during the forecast period.

Key players operating in the Asia Pacific ANSI cartridge seals market are A W Chesterton Co; Sealing Technology; AESSEA Plc; HI-FAB Engineers Pvt. Ltd.; Scenic Co., Ltd; Flowserve Corporation; EagleBurgmann Germany GmbH & Co KG; and Flexaseal Engineered Seals and Systems, LLC., among others.

o Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Asia Pacific ANSI cartridge seals market.
o Highlights key business priorities in order to assist companies to realign their business strategies
o The key findings and recommendations highlight crucial progressive industry trends in the Asia Pacific ANSI cartridge seals market, thereby allowing players across the value chain to develop effective long-term strategies
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
o Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the Asia Pacific ANSI cartridge seals market, as well as those hindering it
o Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution

TABLE OF CONTENTS

1. Introduction
1.1 Study Scope
1.2 The Research Team Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Asia Pacific ANSI Cartridge Seals Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 Asia-Pacific
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. Asia Pacific ANSI Cartridge Seals Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Adoption in the Chemical & Petrochemical Industry
5.1.2 Increasing Strategic Initiatives from Manufacturers to Expand Production
5.2 Market Restraint
5.2.1 High Initial Costs and Availability of Alternative Mechanical Seals
5.3 Market Opportunities
5.3.1 Rising Demand for High Ambient Temperature Applications
5.4 Future Trends
5.4.1 Technological Advancements in Sealing Solutions and Pumps
5.5 Impact Analysis of Drivers And Restraints
6. ANSI Cartridge Seals – Asia Pacific Market Analysis
6.1 Asia Pacific ANSI Cartridge Seals Market Overview
6.2 Asia Pacific ANSI Cartridge Seals Market Revenue Forecast and Analysis
7. Asia Pacific ANSI Cartridge Seals Market – by Type
7.1 Overview
7.2 ANSI Cartridge Seals Market, by Type (2022 and 2030)
7.2.1 Single Cartridge Seals
7.2.1.1 Overview
7.2.1.2 Single Cartridge Seals: ANSI Cartridge Seals Market – Revenue and Forecast to 2030 (US$ Million)
7.2.2 Dual Cartridge Seals
7.2.2.1 Overview
7.2.2.2 Dual Cartridge Seals: ANSI Cartridge Seals Market – Revenue and Forecast to 2030 (US$ Million)
8. Asia Pacific ANSI Cartridge Seals Market – by Application
8.1 Overview
8.2 Cartridge Seals Market, by Application (2022 and 2030)
8.2.1 Chemical and Petrochemical Industry
8.2.1.1 Overview
8.2.1.2 Chemical and Petrochemical Industry: Cartridge Seals Market – Revenue and Forecast to 2030 (US$ Million)
8.2.2 Pharmaceutical Industry
8.2.2.1 Overview
8.2.2.2 Pharmaceutical Industry: Cartridge Seals Market – Revenue and Forecast to 2030 (US$ Million)
8.2.3 Food and Beverage Industry
8.2.3.1 Overview
8.2.3.2 Food and Beverage Industry: Cartridge Seals Market – Revenue and Forecast to 2030 (US$ Million)
8.2.4 Others
8.2.4.1 Overview
8.2.4.2 Others: Cartridge Seals Market – Revenue and Forecast to 2030 (US$ Million)
9. Asia Pacific ANSI Cartridge Seals Market – by Country Analysis
9.1 Asia Pacific: ANSI cartridge seals Market
9.1.1 Asia Pacific: ANSI Cartridge Seals Market, by Key Country
9.1.1.1 China: ANSI Cartridge Seals Market – Revenue and Forecast to 2030 (US$ Million)
9.1.1.1.1 China: ANSI Cartridge Seals Market, by Type
9.1.1.1.2 China: ANSI Cartridge Seals Market, by Application
9.1.1.2 Japan: ANSI Cartridge Seals Market – Revenue and Forecast to 2030 (US$ Million)
9.1.1.2.1 Japan: ANSI Cartridge Seals Market, by Type
9.1.1.2.2 Japan: ANSI Cartridge Seals Market, by Application
9.1.1.3 India: ANSI Cartridge Seals Market – Revenue and Forecast to 2030 (US$ Million)
9.1.1.3.1 India: ANSI Cartridge Seals Market, by Type
9.1.1.3.2 India: ANSI Cartridge Seals Market, by Application
9.1.1.4 South Korea: ANSI Cartridge Seals Market – Revenue and Forecast to 2030 (US$ Million)
9.1.1.4.1 South Korea: ANSI Cartridge Seals Market, by Type
9.1.1.4.2 South Korea: ANSI Cartridge Seals Market, by Application
9.1.1.5 Australia: ANSI Cartridge Seals Market – Revenue and Forecast to 2030 (US$ Million)
9.1.1.5.1 Australia: ANSI Cartridge Seals Market, by Type
9.1.1.5.2 Australia: ANSI Cartridge Seals Market, by Application
9.1.1.6 Rest of Asia Pacific: ANSI Cartridge Seals Market – Revenue and Forecast to 2030 (US$ Million)
9.1.1.6.1 Rest of Asia Pacific: ANSI Cartridge Seals Market, by Type
9.1.1.6.2 Rest of Asia Pacific: ANSI Cartridge Seals Market, by Application
10. Industry Landscape
10.1 Overview
10.2 Market Initiative
10.3 Product Development
10.4 Mergers & Acquisitions
11. Company Profiles
11.1 A W Chesterton Co
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 AESSEAL Plc
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 HI-FAB Engineers Pvt Ltd
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Scenic Co Ltd
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Flowserve Corp
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 EagleBurgmann Germany GmbH & Co KG
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 Flexaseal Engineered Seals and Systems LLC
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
12. Appendix
12.1 About Research Team
12.2 Word Index

LIST OF TABLES

Table 1. Asia Pacific ANSI Cartridge Seals Market Revenue and Forecast to 2030 (US$ Million)
Table 2. Asia Pacific: ANSI cartridge seals Market, by Country – Revenue and Forecast to 2030 (US$ Million)
Table 3. China: ANSI Cartridge Seals Market, by Type – Revenue and Forecast to 2030 (US$ Million)
Table 4. China: ANSI Cartridge Seals Market, by Application – Revenue and Forecast to 2030 (US$ Million)
Table 5. Japan: ANSI Cartridge Seals Market, by Type – Revenue and Forecast to 2030 (US$ Million)
Table 6. Japan: ANSI Cartridge Seals Market, by Application – Revenue and Forecast to 2030 (US$ Million)
Table 7. India: ANSI Cartridge Seals Market, by Type – Revenue and Forecast to 2030 (US$ Million)
Table 8. India: ANSI Cartridge Seals Market, by Application – Revenue and Forecast to 2030 (US$ Million)
Table 9. South Korea: ANSI Cartridge Seals Market, by Type – Revenue and Forecast to 2030 (US$ Million)
Table 10. South Korea: ANSI Cartridge Seals Market, by Application – Revenue and Forecast to 2030 (US$ Million)
Table 11. Australia: ANSI Cartridge Seals Market, by Type – Revenue and Forecast to 2030 (US$ Million)
Table 12. Australia: ANSI Cartridge Seals Market, by Application – Revenue and Forecast to 2030 (US$ Million)
Table 13. Rest of Asia Pacific: ANSI Cartridge Seals Market, by Type – Revenue and Forecast to 2030 (US$ Million)
Table 14. Rest of Asia Pacific: ANSI Cartridge Seals Market, by Application – Revenue and Forecast to 2030 (US$ Million)
Table 15. List of Abbreviation

LIST OF FIGURES

Figure 1. Asia Pacific ANSI Cartridge Seals Market Segmentation
Figure 2. Asia Pacific ANSI Cartridge Seals Market Segmentation – by Country
Figure 3. Asia Pacific ANSI Cartridge Seals Market Overview
Figure 4. Asia Pacific ANSI Cartridge Seals Market, by Type
Figure 5. Asia Pacific ANSI Cartridge Seals Market, by Country
Figure 6. Asia-Pacific – PEST Analysis
Figure 7. Asia Pacific ANSI cartridge seals Market- Ecosystem Analysis
Figure 8. Asia Pacific Expert Opinions
Figure 9. Asia Pacific ANSI Cartridge Seals Market Impact Analysis of Drivers and Restraints
Figure 10. Asia Pacific ANSI Cartridge Seals Market Revenue Forecast and Analysis (US$ Million)
Figure 11. Asia Pacific ANSI Cartridge Seals Market Revenue Share, by Type (2022 and 2030)
Figure 12. Single Cartridge Seals: Asia Pacific ANSI Cartridge Seals Market – Revenue and Forecast to 2030 (US$ Million)
Figure 13. Dual Cartridge Seals: Asia Pacific ANSI Cartridge Seals Market – Revenue and Forecast to 2030 (US$ Million)
Figure 14. Asia Pacific Cartridge Seals Market Revenue Share, by application (2022 and 2030)
Figure 15. Chemical and Petrochemical Industry: Asia Pacific Cartridge Seals Market – Revenue and Forecast to 2030 (US$ Million)
Figure 16. Pharmaceutical Industry: Asia Pacific Cartridge Seals Market – Revenue and Forecast to 2030 (US$ Million)
Figure 17. Food and Beverage Industry: Asia Pacific Cartridge Seals Market – Revenue and Forecast to 2030 (US$ Million)
Figure 18. Others: Asia Pacific Cartridge Seals Market – Revenue and Forecast to 2030 (US$ Million)
Figure 19. Asia Pacific: ANSI Cartridge Seals Market, by Key Country – Revenue (2022) (US$ Million)
Figure 20. Asia Pacific: ANSI Cartridge Seals Market Revenue Share, by Key Country (2022 and 2030)
Figure 21. China: ANSI Cartridge Seals Market – Revenue and Forecast to 2030 (US$ Million)
Figure 22. Japan: ANSI Cartridge Seals Market – Revenue and Forecast to 2030 (US$ Million)
Figure 23. India: ANSI Cartridge Seals Market – Revenue and Forecast to 2030 (US$ Million)
Figure 24. South Korea: ANSI Cartridge Seals Market – Revenue and Forecast to 2030 (US$ Million)
Figure 25. Australia: ANSI Cartridge Seals Market – Revenue and Forecast to 2030 (US$ Million)
Figure 26. Rest of Asia Pacific: ANSI Cartridge Seals Market – Revenue and Forecast to 2030 (US$ Million)

The List of Companies – Asia Pacific ANSI Cartridge Seals Market

o A W Chesterton Co
o AESSEA Plc
o HI-FAB Engineers Pvt. Ltd.
o Scenic Co., Ltd
o Flowserve Corporation
o EagleBurgmann Germany GmbH & Co KG
o Flexaseal Engineered Seals and Systems, LLC.

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