The global demand for Resin Capsules Market is presumed to reach the market size of nearly USD 4.69 MN by 2028 from USD 1.23 MN in 2021 with a CAGR of 7% under the study period 2022 - 2028.
Resin capsules are made up of various polymer or monomer resins and catalyst components packed in a cartridge/capsule form. Resin capsules play a vital function in mining excavations. It is primarily used as an anchoring medium for cable bolts and rock bolts, and it provides the necessary sidewall and roof support to underground excavations. It increases the inherent strength of rock mass stabilization and can be used with pneumatic and hydraulic bolters.
Market Dynamics
Growing investment in dam and tunnel development, increasing industrialization and urbanization globally, rising demand for chemically bonded anchors to strengthen concrete structures are pushing the resin capsule market forward. Additionally, an increase in the number of high-tech industries is one of the factors that will likely boost the growth of the resin capsules market. Resin capsules are the finest choice for the mining industry due to their ease of installation and resistance to anchoring failure caused by vibration. Increased safety concerns in underground mines due to tunnel failure increased demand for resin capsule bolts. The requirement for greater flexibility in the planning, construction, and reinforcement of concrete structures has led to an increase in chemical grouted anchors. Therefore, widespread applications of resin capsules in the mining industry are anticipated to bolster market growth. The high cost of raw materials and the lack of benefits, and the product's short shelf life, will stymie the development of the resin capsules industry.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of resin capsules. The growth and trends of resin capsules industry provide a holistic approach to this study.
Market Segmentation
This section of the resin capsules market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Type
- Polyester
- Epoxy
- Acrylic
- Others (Vinyl Ester, Phenols, And Amines)
By Catalyst Type
- Organic Peroxides
- Oil-Based
- Water-Based
By End-Use Industry
- Construction
- Mining
- Manufacturing
- Others (Marine And Oil & Gas)
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Resin Capsules market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Resin Capsules Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the resin capsules market include Sika AG (Switzerland), Orica Limited (Australia), Barnes Group (US), DYWIDAG-Systems International (Germany), Rawlplug (Poland), Bohle AG (Germany), Sormat OY (Finland), Fischer Holding GmbH & CO. (Germany), Liebig. (France), and Hexion Inc. (US). This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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