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Resin Capsules Market By Types (Polyester, Epoxy, Acrylic, Others(vinyl ester, phenols, and amines) By Catalyst Types (Organic peroxides, Oil-based, Water-based) By End-Use (Construction, Mining, Manufacturing, Others(marine and oil & gas) - Growth, Future Prospects, And Competitive Analysis, 2016 -2028

About this report

The global resin capsules market report explores the critical analysis of the resin capsules industry using key parameters. The report consists of investment strategies, the need for investments in the resin capsules industry, and the multiple benefits for the investors. Importantly, this report sets out major changes in the global technical regulations for the resin capsules industry and how economic and non-economic barriers are helping the resin capsules market grow. Moreover, the report analyzes the global, regional, and country-level historic and forecasted market size. The report also provides a comprehensive analysis of key investment propositions, demand and supply gap, competitors positioning, STAR analysis, SRC analysis, and Tornado analysis. Key technological developments and other analyses such as porter's five forces analysis, PESTEL analysis, value chain analysis, etc.

resin-capsules-market

Key Highlights of the report

How are the major segments performing in theresin capsules market?

In 2021, the Polyester segment held a significant share due to high product usage in the mining industry owing to its undisturbed setting time, dependability, circulated anchorage and chemical & erosion antagonism.

In 2021, the water-based segment was anticipated to hold a prominent share in the global resin capsules due to the rapid industrialization and urbanization in the Asia Pacific.

In 2021, the Mining segment held a significant share in resin capsules as resin capsules are widely utilized as grouting materials for shelter bolting in mines.

Which region dominated the resin capsules market?

In 2021, the Asia Pacific region was anticipated to hold a prominent share in the global resin capsules market. High growth in the end-use industries in the region was the major factor resulting in such massive demand share captured by the region. The region's mining, construction and manufacturing industries have been growing with a prominent CAGR for the past few years and are expected to grow at the same pace in coming years. Countries such as China, Australia, and India have been showing significant growth in mining output for the past several years.

What is the competitive environment of the resin capsules market?

The resin capsules industry's competitive environment suggests information on the total economic profit made by suppliers and businesses, the sales and revenues constructed in this sector, the resin capsules market share globally, the enterprise organization summary, the introduction of new products, and the opportunities for the industrial Resin Capsules market. For instance, In October 2019, Arkema SA acquired Lambson and Prochimir, specified in the photoinitiators for photocurable resins. This is projected to contribute towards the achievement of the group's ambition of attaining 80% of the sales revenue from this business. This acquisition is also anticipated to contribute to the group's portfolio's growing share of the specialties sector. Furthermore, In May 2019, Sika AG 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 many planned and ongoing mega projects and large-scale infrastructure investments.

Executive Summary

What was the impact of the COVID-19 pandemic on the resin capsules market?

The COVID-19 pandemic affected the mining industry in a variety of ways. 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 shown variability in tendencies. Gold is expected to remain buoyant, and thermally coal and uranium. Iron ore, for instance, is expected to come under more pressure as it is fully exposed to consumer demand. Direct mine site closures due to the virus or lack of personnel are seen, which is expected to harm the resin capsules market. 

Which are the key investments by the players in the Resin Capsules industry market?

These players are immersed in platform expansion and strategic collaborations to extend their portfolios and acquire a robust footing in the global resin capsules market. In June 2020, Nouryon completed a project to more than double the capability for organic peroxides at its plant in Itupeva, Brazil. The development will add the capability for products such as methyl ethyl ketone peroxides (MEKP) and dibenzoyl peroxide (BPO) pastes and waxes. These are critical ingredients utilized in the production of composites helping fast-growing markets including wind turbines and civil construction. 

Some of the major players in the resin capsules market are 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), BASF SE(Germany) and Hexion Inc. (US).

What are the Major Driving Factors for the Resin Capsules Market?

Resin capsules play an important role in helping mining excavations. It is widely used as an anchoring medium for cable and rock bolts and delivers necessary sidewall and roof to aid 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. Furthermore, the rapidly growing construction industry across the globe, owing to increasing population and urbanization, will fuel the resin capsule market size shortly. According to Oxford Economics, the global construction industry will reach USD 12.7 trillion by 2020 and account for nearly 15% of global output, mainly driven by infrastructure development. 

What are the Major Risks for the Resin Capsules Market?

Less benefit, along with decreased shelf life of the resin capsules, hinders the growth of the resin capsules market during the forecast period. The shelf life on resin capsules does not transcend 6 months, which makes them incredibly difficult to hold in large quantities. Disclosure to sunlight and heat also decreases its shelf-life. In addition, fluctuations in the costs of raw materials and extreme health implications are key factors to hinder the growth of the global resin capsule market over the forecast period. Moreover, manufacturing resin capsules is capital-intensive; the initial capital in selecting a manufacturing plant for resin capsules is very elevated. Immediate technological inventions have led to the growth of highly advanced equipment, which is costly to buy. 

Which is the key application in the resin capsules market?

During the forecast period, the mining segment held a significant share in the resin capsules market. Resin capsules are widely utilized as grouting materials for roof bolting in mines. The mining industry is pivotal in various countries, supporting high-tech industries on infrequent land. Coal is one of the highest global commodities desired through mining. Increased mining industry expansion is expected to boost the global resin capsules market demand. Moreover, the demand for strengthening substantial structures has raised the requirement for chemically related anchors; resin capsules play a critical role in the grout coatings and are utilized for repair and welding of damages, ensuring bolts, anchors in plugged holes and other applications. These capsules are best suited to building sites since they are strong and can be readily installed overhead. Resin capsules also find applications in the building of dams and tunnels.

How the resin capsules market performing in regions?

Asia-Pacific is expected to dominate the resin capsules market during the forecast period. The increasing demand for resin capsules, with growing mining and construction activities in developing countries like Australia, India and China, is anticipated to propel the market for resin capsules in the region as they have been delivering a substantial increase in mining output for the past several years. For instance, as per the data published by the Australian Bureau of Statistics (ABS), Australian mining output for the past several years expanding with a CAGR near 3%. Coal mining output in the country has increased from USD 11.4 billion in 1998 to USD 65.6 billion in 2018. Moreover, increasing construction and mining industries in the Middle East and Africa will completely impact product demand over the forecast period.

North America is expected to hold a significant share due to the extensive manufacturing base for chemicals. The existence of a large manufacturing base for engineered plastics and chemicals shall promote regional growth. Europe is anticipated to grow significantly due to the growing demand for engineered plastics from the industrial and automotive sectors. 

What is the regulatory landscape for the resin capsules market?

The use and management of resin-producing trees in three locations in the drylands of Ethiopia clarify what elements of the livelihood portfolio or productive bricolage process choose landscape dynamics and variety. The livelihood schemes of the households in Ethiopia’s drylands are utilized to be based on just rare economic activities, including pastoralism in Borana and mixed farming in Abergele. 

What is the Market Size of Resin Capsulesregarding value?

The global resin capsules market is anticipated to grow at a substantial CAGR of 4.10% in the upcoming years. The global resin capsules industry was estimated to be worth USD 1.1 billion in 2021 and was expected to be worth USD 1.39 billion by 2028.

What are the major players planning for the future of the resin capsulesmarket?

Growing regional existence and investment in downstream applications are anticipated to deliver a competitive edge in the market. Presentation of high-value outcomes, such as solvents and resin utilized in applications, is the primary strategy. 

Segmentation of Global Resin Capsules Market-

Global Resin Capsules Market – By Types

  • Polyester
  • Epoxy
  • Acrylic
  • Others(vinyl ester, phenols, and amines)

Global Resin Capsules Market – By Catalyst Types

  • Organic peroxides
  • Oil-based
  • Water-based

Global Resin Capsules Market – By End-Use

  • Construction
  • Mining
  • Manufacturing
  • Others(marine and oil & gas)

Global Resin Capsules Market – By Region

  • North America
    • US.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • South-east Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East and Africa

Frequently asked questions about the global resin capsules market

The COVID-19 pandemic affected the mining industry in various ways. 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.

the Asia Pacific accounted for the most heightened share in the global resin capsulesmarket.

Increasing investments in the construction industry and rapid urbanization and industrialization stimulate the demand for resin capsules and drive market growth.

The Polyester segment had a major share in the global market in 2021.

The organic peroxides segment had a major share in the global market in 2021.

Resin Capsules Market Scope

Report Attribute Details
Market Value in 2021 USD 1.1 billion
Market Value in 2028 USD 1.39 billion
CAGR 4.10%
Benchmarking Year 2021
Past data 2016 – 2021
Forecast period 2022 – 2028
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Trusted By
Godaddy
Published Date:  Oct 2022
Category:  Pharmaceuticals
Report ID:   60717
Report Format:   PDF
Pages:   120
Rating:    4.2 (40)
Delivery Time: 24 Hours to 48 Hours   
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