Definitions, segmentations, and various classifications of the industry, applications of the industry, and chain structure are given in the Resin Capsule Market report presented by Stratview Research. Past, present, and future scenarios of the Resin Capsule Market in key regions, and industry policies and news are mentioned in this newly launched report.
Market Insights
The resin capsule market was estimated at USD 755.56 million in 2022 and is likely to grow at a CAGR of 5.36% during 2023-2028 to reach USD 1038.82 million in 2028.
What are resin capsules?
Resin capsules are primarily used as an anchoring medium for rock bolts and cable bolts, playing an important role in supporting mining excavations. These capsules are used to enhance the inherent strength of the rock mass stabilization and can also be utilized with hydraulic and pneumatic type bolters.
Market Dynamics
The major factors driving the growth of the resin capsules market are-
· An increase in safety standards in mining.
· Rapid growth in the mining industry in the Asia-Pacific region.
· The growing construction industry across the world.
Why buy this report?
The report provides an in-depth analysis of the Resin Capsule Market including critical market information and valuable insights which are of high value to the companies, enabling them to know and understand the growth strategies and other opportunities in the market. The report also aims at answering the following key questions –
· What is the current and future potential of Resin Capsule Market?
· How will the COVID-19 pandemic impact the market?
· How are other crucial market factors changing the market dynamics?
· When is the recovery expected from the pandemic?
· Which segments offer high-growth opportunities in the long run?
· How fierce is the market competition?
· What are the key emerging trends?
· What are the strategic growth opportunities and key success factors?
Linchpins in the Resin Capsule Market –
To provide detailed information on the competitive landscape, this report includes detailed profiles of the Resin Capsule Market key players. For each player, product details, price, and gross and revenue numbers are also mentioned. Here is a list of the major key players, that are mentioned in the Resin Capsule Market report -
- Buildtech Products
- DSI Underground
- Fischer Group
- Hightech Mining
- Hilti Corporation
- Jennmar Corporation
- Minova
- Mungo Befestigungstechnik AG
- Sika Ag
- Sormat Oy.
Region-wise analysis
The report sheds light on the locations or region-wise details of the Resin Capsule Market. Also, Resin Capsule Market industry growth in various regions and R&D status are also covered such as:
Based on the product type, the market is segmented as polyester, epoxy, acrylic, and others. Polyester resin capsules are estimated to account for the largest share of the market during the forecast period, owing to high product usage in the mining industry because of the features such as reliability, distributed anchorage, controlled setting time, and chemical & corrosion resistance offered by polyester resins. India, South Africa, Indonesia, Brazil, and Russia are the major countries with rapid growth in the manufacturing industry, fueling the market growth during the forecast period.
Based on the catalyst type, the market is segmented as oxygen peroxide, oil based, and water based. Oxygen peroxide-based resin capsule is estimated to witness a significant growth rate in the market owing to the rapidly growing industrialization and urbanization in the Asia-Pacific region. On the other hand, water-based resin capsules are estimated to hold the major share of the market over the forecast period. Factors such as, their capacity to enhance the quality of mixing, consistency, encapsulating and reducing formulating cost, and rapid growth in emerging economies such as China, Indonesia, India, and Russia are expected to drive the growth of the market during the forecast period.
Based on the type, the market is segmented as superfast, fast, and slow. Superfast resin capsule is estimated to register a high growth rate in the market during the forecast period. It offers quick setting time and is used in the mining at the toe of the hole to grout the bolt quickly.
Based on the end-user type, the market is segmented as mining, construction, manufacturing, oil & gas, and others. Construction is estimated to witness a significant growth rate in the market during the forecast period owing to the wide utilization of resin capsules in rock bolting applications across tunneling and dam construction, and an increase in the development of infrastructure and road connectivity globally, eventually fueling the resin capsules market growth over the forecast period.
In terms of regions, Asia-Pacific is estimated to be the leading region in the market with China, Australia, and India being the major countries with lucrative growth opportunities during the forecast period. Growing enhancements in various end-use industries such as mining, construction, and manufacturing, resulting in better outputs are expected to fuel the growth of the regional market over the forecast period. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.
Several important topics included in the Resin Capsule Market research report are as follows:
· Resin Capsule Market Overall Overview
· Resin Capsule Market Competition by Manufacturers, Type and Application
· Resin Capsule Market by Volume, Value and Sales Price
· Resin Capsule Market Manufacturers Analysis
· Resin Capsule Market Technology and Development Trend
Competitive Benchmarking
Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.
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