Global Resin Capsules Market : Industry Analysis and Forecast (2019-2027)
Global Resin Capsules Market was valued US$ 1.02 Billion in 2019 and is expected to reach
US$ 1.38 Billion by 2027 from at a CAGR of 4.5%.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
Surge in use of resin capsules in construction and mining industry is driving resin capsules market. Resin capsules is benefitted by fast anchorage to the surrounding strata, immediate transfer of high load, resistance from the lateral and horizontal strata movements by full column bonded bolts, provide rigidity and strength, seals dripping holes, wet and elimination of deterioration of hole, remains unaffected by fresh or sea water, mild alkalis, and mild acids, provides resistance to anchoring failure due to vibration or blasting, and are easy to install. These feature of resin capsule has raise the growth rate at faster pace. Shorter shelf life and health hazard are factors restricting the market growth.
Mining segment is leading the resin capsules market while construction segment is about to gain a growth at highest CAGR. Use of resins in explosives is one of the major reasons to fuel the growth of the mining segment in the resin capsules market, as resin bolts are needed to provide strength to anchor steel studs to mine walls or ceilings.
Polyester resin leaded the market in 2016 and will continue its dominance throughout the forecast attributed to the high demand from mining and construction industries, owing to their overall robust performance, and in particular, their superior UV resistance feature, which provides longevity and durability to the anchor system.
Geographically, resin capsules market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America. Asia-Pacific is expected to be one of the largest markets for resin capsules, followed by the Middle East & Africa and North America. This is due to the increasing investments in construction industry across emerging countries in the Asia Pacific region.
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Scope of the Report Global Resin Capsules Market
Global Resin Capsules Market, by Catalyst Type:
• Organic peroxide
Global Resin Capsules Market, by Resin Type:
Global Resin Capsule Market, by End-use Industry:
Global Resin Capsules Market By Geography:
• North America
• Asia Pacific
• Middle East & Africa
• Latin America
Key Players Analysed in Global Resin Capsules Market:
• Sika AG (Switzerland)
• Barnes Group Inc. (U.S.)
• Orica Limited (Australia)
• DYWIDAG-Systems International (Germany)
• Bohle AG (Germany)
• Rawlplug (Poland)
• Sormat OY (Finland)
• Arkema SA (France)
• Fischer Holding GmbH & CO. (Germany)
• Hexion Inc. (U.S.)
Maximize Market Research provides B2B and B2C market research on 20,000 high growth emerging technologies & opportunities in Chemical, Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.
Name: Vikas Godage
Organization: Maximize Market Research
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