As per Zion Market Research, the global resin capsules market was capitalized USD USD 850.8 Million in 2019 and is projected to attain USD 1242.8 Million by 2025, developing at a CAGR of more than 4.85% during the forecasted period 2019–2025. The increased use of resin capsules in the mining & construction industry is propelling the global resin capsules market. The capsules provide strength & rigidity and seal the dripping holes. These capsules are easy to install and remains unaffected by fresh or seawater, mild acids, and mild alkalis.
Some of the leading players in the market are Barnes Group Inc.; Sika AG; DYWIDAG-Systems International; Orica Limited; Rawlplug; Bohle AG; Arkema SA; Sormat OY; Hexion Inc.; and Fischer Holding GmbH & CO.
Augmented Use Of Resin Capsules In Mining & Construction Industry To Accelerate The Growth Of Global Market
The demand for strengthening concrete structures has augmented the need for chemically bonded anchors. The resin capsules have a significant role in the grout layers and are utilized for repairing & welding the cracks securing bolts, anchors in speared holes, and other several applications. Resin capsules are ideal on the construction sites as they are strong and can be effortlessly installed overhead. They are also used in the construction of tunnels and dams. The mining industry is crucial in several countries, with reliance on high-tech industries. Coal is one of the main global commodities obtained through mining. Resin capsules are broadly utilized as grouting materials for the roof bolting in mines. The amplified expansion of the mining industry is projected to impel the demand for the resin capsules. Nevertheless, the shelf-life of resin capsules is less than six months, which makes it quite hard to store in huge quantities. The shelf-life is also reduced by exposure to sunlight and heat. Additionally, fluctuations in costs of raw materials and serious health implications are major factors projected to impact the growth of the global resin capsule market during the forecasted period.
The global resin capsules market is bifurcated on the basis of resin type, catalyst type, end-use industry, and regional analysis. Based on the catalyst type, the market is divided into organic peroxide, oil-based, and water-based. Based on the resin type, the market is divided into epoxy, polyester, acrylic, and others (phenols, vinyl esters, and amines). Based on the end-use industry, the market is divided into mining, manufacturing, construction, and others (marine and oil & gas).
The Asia Pacific Region Expected To Dominate The Global Resin Capsules Market
Based on geographical analysis, the global resin capsules market is divided into North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. The Asia Pacific region contributed to the major share with regard to revenue in the global resin capsules market, accompanied by North America and Europe. The development in the Asia Pacific market is owing to the augmented export of resin capsules, along with high investments in mining & construction activities, mainly in India and China.
This review is based on a report by Zion Market Research, titled “Resin Capsules Market – Segmented By Catalyst Type (Organic Peroxide, Oil-Based, Water-Based), Resin Type (Epoxy, Polyester, Acrylic, Others), End-Use Industry (Mining, Manufacturing, Construction, Others), And Geography – Global Industry Perspective, Comprehensive Analysis, and Forecast, 2019 – 2025”
The global resin capsules market is segmented as follows:
By catalyst type:
- Organic peroxide
By resin type:
- Others (vinyl esters, phenols, and amines)
By end-use industry:
- Others (oil & gas and marine)
- North America
- The U.S.
- The U.K.
- Asia Pacific
- Latin America
- Middle East and Africa