Global Resin Capsules Market, By Resin Type (Polyester, Epoxy, Acrylic, and Others), By Catalyst Typ

Published Date: | Report Code : MT1958315

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Growing demand from end-use industry applications in developing regions and promotion of application specific grades by companies is expected to drive the Resin Capsules Market during the forecast period. This market has witnessed number of key developments in terms of application specific grade developments and strategic investments in emerging regions by companies to strengthen their market position in the global market. Some of the other key factors governing the market dynamics include regulatory scenario, exchange rates, environmental constraints, and so on. All these factors are expected to have a significant impact on the dynamics of Resin Capsules Market during the forecast period.
 
Resin capsules are a vicious, water-insoluble and flammable substance that displays the binding property and has fast setting time. Key advantages of resin capsules are their rapid anchorage, high load-bearing capability, high resistance to full-column bonded bolts, seals dripping holes and, more importantly, resistance to fresh or marine water, mild alkali and acids, and provides support against vibration or blasts.

Resin capsules are resin, catalyst and other additives packed into polythene tubes, widely used as an anchoring medium in tunnel building, civil engineering and mining. In tunnel building and other engineering procedures, a resin capsule has extensive implementation. Dripping holes are also sealed with the use of resin capsules. Mining industries are likewise the main users of resin capsule in rock and cable bolting.

Global resin capsules market is growing with the increasing investment in construction and engineering activities. Additionally, resin capsules benefit from quick anchoring of the adjacent strata, instant transfer of heavy load, resistance from lateral and horizontal strata through full-column bonded bolts, rigidity and strength, seals dripping holes, moisture and the elimination of hole decay, stays unaffected by fresh or marine water, mild alkali and mild acids, provides vibration or blast resistance to anchoring failure and is simple to install. All these factors are fueling the growth for global resin capsules market.

Key Factors Impacting Market Growth:
    • Rapid urbanization and industrialization
    • Increasing applications in the mining industry
    • Technological and product advancement
    • Fluctuations in the prices of raw materials
    • Cost-to-benefit ratio is a problem for small manufacturers
    • Shorter shelf-life of resin capsule
    • Health implications of resin capsule

Regional Outlook 

By region, resin capsules market has been segmented in North America, Europe, Asia pacific, Middle East, and Rest of the World. The North America and Western Europe regions are estimated to register a stable demand during the forecast period with market recovery from recent slowdowns. North America region includes US, Canada, and Mexico. US is estimated to dominate this market with a sizeable share followed by Canada, and Mexico. Industrial sector is a major contributor US and Canada economies overall. Hence, the supply of advanced materials in production activities is critical to the overall growth of industries in this region. Western Europe region is dominated by Germany, UK, France, Italy, and Spain. These countries also have a strong influence of the industrial sector resulting in sizeable demand for resin capsules market.  
Asia Pacific is estimated to register highest CAGR by region during the forecast period. Presence of some of the high growth economies such as China and India is expected to propel the demand in this region. In addition, this region has witnessed strategic investments by major companies to increase their market presence. Middle East and Eastern Europe are estimated to be other key regions for resin capsules market with a strong market potential during the forecast period. Rest of the World consisting of South America and Africa are estimated to be emerging markets during the forecast period.

Companies Covered: Sika AG, Barnes Group Inc., Orica Limited, DYWIDAG-Systems International, Bohle AG, Rawlplug, Sormat OY, Arkema SA, Fischer Holding GmbH & CO., Hexion Inc., and Liebig...

Market Segmentation:

By Resin Type:
    • Polyester
    • Epoxy
    • Acrylic
    • Others

By Catalyst Type:
    • Organic Peroxide
    • Water-Based
    • Oil-Based

By End Use Industry:
    • Construction
    • Mining
    • Manufacturing
    • Others

By Region:

    • North America
        ◦ By Country (US, Canada, Mexico)
        ◦ By Resin Type
        ◦ By Catalyst Type
        ◦ By End Use Industry

    • Western Europe
        ◦ By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
        ◦ By Resin Type
        ◦ By Catalyst Type
        ◦ By End Use Industry

    • Eastern Europe
        ◦ By Country (Russia, Turkey, Rest of Eastern Europe)
        ◦ By Resin Type
        ◦ By Catalyst Type
        ◦ By End Use Industry

    • Asia Pacific
        ◦ By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
        ◦ By Resin Type
        ◦ By Catalyst Type
        ◦ By End Use Industry

    • Middle East 
        ◦ By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
        ◦ By Resin Type
        ◦ By Catalyst Type
        ◦ By End Use Industry

    • Rest of the World
        ◦ By Region (South America, Africa)
        ◦ By Resin Type
        ◦ By Catalyst Type
        ◦ By End Use Industry

Reasons To Buy This Report:

    • Market size estimation of the global resin capsules market on regional and global basis 
    • Unique research design for market size estimation and forecast 
    • Profiling of major companies operating in the market with key developments
    • Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:
    • By Segment 
    • By Sub-segment 
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