
Global Resin Capsules Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
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2842
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May 2023
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This report was compiled by Shreyas Rokade Shreyas Rokade is a seasoned Research Analyst with CMFE, bringing extensive expertise in market research and consulting, with a strong background in Chemical Engineering. Correspondence Team Lead-CMFE Linkedin | Detailed Market research Methodology Our methodology involves a mix of primary research, including interviews with leading mental health experts, and secondary research from reputable medical journals and databases. View Detailed Methodology Page
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The Resin Capsules Market report offers in-depth insights, revenue details, and other vital information regarding the global resin capsules market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2031.
The Resin Capsules Market report offers insightful and detailed information regarding the various key players operating in the global resin capsules market, their financials, supply chain trends, technological innovations, and key developments, apart from future strategies, acquisitions & mergers, and market footprint.
The global resin capsules market report has been segmented on the basis of catalyst type, resin type, end-use industry, and region.
Resin Capsules Market Overview:
“The Resin Capsules Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”
Resin capsules are resin, catalyst, and other additives packed in polythene tubes, which are commonly used in tunnel construction, civil engineering, and mining industries as an anchoring medium.
Key benefits of resin capsules are that they provide quick anchorage, enable high load-bearing capacity, high resistance to full column bonded bolts, seal dripping holes, and more importantly provide resistance against fresh or seawater, mild alkalis, and acids, and provide support against vibration or blasts.
Demand for strengthening concrete structures has increased the need for chemically bonded anchors, resin capsules play a key role in the grout layers and are used for repair and welding of cracks securing bolts, anchors in drilled holes, and other applications.
These capsules are best suited to construction sites since they are robust and can be easily installed overhead.
Resin capsules also find applications in the construction of dams and tunnels. The mining industry is pivotal in a number of countries, with the dependence of high-tech industries on rare earth. Coal is one of the leading global commodities sought through mining. Resin capsules are widely used as grouting materials for roof bolting in mines.
Increased expansion of the mining industry is expected to boost the demand in the global resin capsules market.
However, the shelf-life of resin capsules does not exceed 6 months, which makes it extremely difficult to store in large quantities. Exposure to sunlight and heat also reduces its shelf-life.
In addition, fluctuations in prices of raw materials and severe health implications are key factors expected to hamper the growth of the global resin capsule market over the forecast period.
The global resin capsules market report has been segmented on the basis of catalyst type, resin type, end-use industry, and region. On the basis of region, the global resin capsules market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
The Asia Pacific accounted for the highest share in terms of revenue in the global resin capsules market, followed by North America and Europe. Growth in the Asia Pacific market is attributed to increased export of resin capsules, coupled with high investments in mining and construction activities, particularly in China and India.
North America accounted for the second-highest share in terms of revenue in the global resin capsules market, owing to increasing infrastructural development in the region.
Also, the markets in Europe and Middle East & Africa are expected to witness significant growth in the global resin capsules market, due to increasing mining and excavation activities.
Global Resin Capsules Market Segmentation:
Global resin capsules market segmentation by catalyst type:
- Organic peroxide
- Water-based
- Oil-based
Global resin capsules market segmentation by resin type:
- Polyester
- Epoxy
- Acrylic
- Others (vinyl esters, phenols, and amines)
Global resin capsules market segmentation by end-use industry:
- Construction
- Mining
- Manufacturing
- Others (oil & gas and marine)
Global resin capsules market segmentation by region:
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn -
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- Sika AG
- Orica Limited
- DYWIDAG-Systems International USA, Inc.
- Rawlplug Group
- Bohle AG
- Sormat Oy
- fischerwerke GmbH & Co. KG,
- Hexion Inc.