Global Resin Capsules Market, By Product (Polyester, Epoxy, Acrylic, Others), Catalyst (Organic Peroxide, Oil Based, Water Based), Type (Superfast, Fast, Slow), End User (Mining, Construction, Manufacturing, Oil & Gas, Others) – Industry Trends and Forecast to 2029
Resin Capsules Market Analysis and Size
Resin capsules are mainly used as an anchoring medium for cable bolts and rock bolts, which is playing a vital role in supporting mining excavations. The growing demand for resin capsule can be attributed to the high demand from the mining nations. The mining sector is expected to be largest end user sector of the resin capsules in the overall market. Furthermore, the “organic peroxide” is the highest growing catalyst segment due to the rapid industrialization and urbanization over the forecast period. Moreover, with the growing use of resin capsules, accidents which has caused by the movement of strata in underground mines have considerably reduced during the forecast of 2022-2029.
Data Bridge Market Research analyses that the resin capsules market is expected to undergo a CAGR of 4.88% during the forecast period of 2022 to 2029. This indicates that the market value, which was USD 1,234.49 million in 2021, would rocket up to USD 1,807.29 million by 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Resin Capsules Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Product (Polyester, Epoxy, Acrylic, Others), Catalyst (Organic Peroxide, Oil Based, Water Based), Type (Superfast, Fast, Slow), End-User (Mining, Construction, Manufacturing, Oil & Gas, Others)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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AkzoNobel N.V. (Netherlands), PPG Industries Inc., (U.S.), Arkema (France), Hexion (U.S.), Huntsman International LLC (U.S.), BASF SE(Germany), Cardolite Corporation (U.S.), Kukdo Chemical Co., Ltd., (South Korea), Dupont (U.S.), DAIKIN (Japan), Bostik (France), H.B. Fuller Company (U.S.), Sika AG (Switzerland), Freudenberg SE (Germany), Aditya Birla Group Chemicals (India), Mitsubishi Chemical Corporation (Japan), DOW (U.S.), SOLVAY (Belgium), Air Products, Inc., (U.S.) and Momentive (U.S.)
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Market Opportunities
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Market Definition
Resin capsules are the most tested solution as they provide multiple applications aiding in high loads in free concrete expansion. The pre-portioned constituents in the glass capsule make the installation simpler installation. This makes the resin capsules mainly suitable for overhead installations or individual applications. Resin capsules are a flammable, vicious, water-insoluble substance, constituting binding properties along with quick setting time. Resin capsule normally is a permeable container which is containing resin beads.
Resin Capsules Market Dynamics
Drivers
- Growing demand of resin capsules in mining industries
Resin capsules play an important role in supporting mining excavations. It is widely used as an anchoring medium for cable bolts and rock bolt, and delivers necessary sidewall and roof which aid to the underground excavations. It increases the inherent strength of the rock mass stabilization and can also be used with pneumatic and hydraulic type bolters. The rising demand for resin capsules in the mining industry is expected to drive the market's growth rate.
- Dependence of resin capsule in construction industry
Construction is projected to witness the substantial growth rate in the overall market during the forecast period of 2022-2029. The growth in the construction industry also increase the demand of resin capsule due to its extensive wide utilization in rock bolting applications across dam and tunnelling construction and also increase in the development of road connectivity and infrastructure globally, ultimately fuelling the growth of the resin capsules in the market.
Furthermore, the rising urbanization as well as industrialisation across the globe, growing number of high tech industries and increasing need of chemical bonded anchors to strengthen the concrete structures are some major factors which are expected to drive the growth of the resin capsules market during the forecast period of 2022-2029.
Opportunities
- Increasing focus towards expansion
The major companies of resin capsules are mostly shifting their focus towards introducing new and innovative products and growing their production capacities into the resin capsules market in order to attain the competitive advantage. The products are developed in such a way that would help with the compliance of stringent rule and regulations.
Furthermore, increasing number of research and development activities will also create various growth potential and beneficial opportunities which will lead to the growth of the resin capsules market in the above mentioned forecast period.
Restraints/Challenges
- High cost associated with raw materials
High cost of resin capsules raw materials is posing a major issue to the growth of the resin capsules market which are expected to the major market restraint for the market growth rate.
Also, less benefit along with reduced shelf life of the resin capsules will further hamper the growth of the resin capsules market during the forecast period of 2022-2029.
This resin capsules market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the resin capsules market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
COVID-19 Impact on Resin Capsules Market
The outbreak of coronavirus had a negative impact on the resin capsules market. As a result of this pandemic, the government has imposed stringent regulation throughout the globe which has affected the growth of the resin capsules market. The primary users of resin capsules, such as mining and construction, have also shut down their manufacturing facilities, resulting in a global decline in composite demand. Due to their regional and category mix and acquisition activity, the separate organizations have showed a variability of tendencies. Also, the majority of raw materials providers in this market had to close down their operations and the major suppliers turned their priority to providing pandemic relief.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent Development
- In October 2019, Arkema SA has accomplished the acquisition of Lambson and Prochimir, which is specified in the photoinitiators for photocure resins. This is projected to contribute towards the achievement of group’s ambition of attaining 80% of the sales revenue from this business.This acquisition is also anticipated to contribute towards the growing share for the specialties sector within the group’s portfolio.
- In May 2019, Sika AG had started a new plant in Doha, Qatar. This was opened with the aim of starting the manufacture of Concrete Admixtures. Qatar was selected as the production location due to its large number of planned and ongoing mega projects and large scale infrastructure investments.
Global Resin Capsules Market Scope
The resin capsules market is segmented on the basis of product, catalyst, type and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product
- Polyester
- Epoxy
- Acrylic
- Others
Catalyst
- Organic Peroxide
- Oil Based
- Water Based
Type
- Superfast
- Fast
- Slow
End User
- Mining
- Construction
- Manufacturing, Oil & Gas
- Others
Resin Capsules Market Regional Analysis/Insights
The resin capsules market is analysed and market size insights and trends are provided by country, product, catalyst, type and end-user as referenced above.
The countries covered in the resin capsules market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-pacific dominates the resin capsules market due to the increasing investment in mining and construction activities along with growing export of capsules in this region.
Asia-Pacific will continue to project the highest compound annual growth rate for this period due to the prevalence of improved infrastructure in the region. The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Resin Capsules Market Share Analysis
The resin capsules market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to resin capsules market.
Some of the major players operating in the resin capsules market are:
- AkzoNobel N.V. (Netherlands)
- PPG Industries Inc., (U.S.)
- Arkema (France)
- Hexion (U.S.)
- Huntsman International LLC (U.S.)
- Cardolite Corporation (U.S.)
- BASF SE(Germany)
- Kukdo Chemical Co., Ltd., (South Korea)
- Dupont (U.S.)
- DAIKIN (Japan)
- Bostik (France)
- H.B. Fuller Company (U.S.)
- Sika AG (Switzerland)
- Freudenberg SE (Germany)
- Aditya Birla Group Chemicals (India)
- Mitsubishi Chemical Corporation (Japan)
- DOW (U.S.)
- SOLVAY (Belgium)
- Air Products, Inc., (U.S.)
- Momentive (U.S.)
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