At 4.3% CAGR, the South America ANSI Cartridge Seals Market is projected to be worth US$ 35.45 Million by 2030, says Business Market Insights

According to Business Market Insights’ research, the South America ANSI cartridge seals market is expected to grow from US$ 26.44 million in 2023 to US$ 35.45 million by 2030, registering a CAGR of 4.3% 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 South America ANSI cartridge seals market expansion.

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.

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. This is expected to drive the South America ANSI cartridge seals market during the forecast period.

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

Based on type, the South America ANSI cartridge seals market is bifurcated into single cartridge seals and dual cartridge seals. The single cartridge seals segment held 52.0% market share in 2023, amassing US$ 13.75 million. It is projected to garner US$ 17.16 million by 2030 to expand at 3.2% CAGR during 2023–2030.

Based on application, the South America ANSI cartridge seals market is categorized into chemical & petrochemical industry, pharmaceutical industry, food & beverage industry, and others. The chemical & petrochemical industry segment held 54.8% share of South America ANSI cartridge seals market in 2023, amassing US$ 14.48 million. It is projected to garner US$ 20.29 million by 2030 to expand at 4.9% CAGR during 2023–2030.

Based on country, the South America ANSI cartridge seals market has been categorized into Brazil, Argentina, and the Rest of South America.  Our regional analysis states that Brazil captured 66.9% share of South America ANSI cartridge seals market in 2023. It was assessed at US$ 17.69 million in 2023 and is likely to hit US$ 25.08 million by 2030, exhibiting a CAGR of 5.1% during the forecast period.            

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

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