Resin Capsule Market size worth over USD 1.07 bn by 2025
Published Date: July 4, 2019 Authors: Kiran Pulidindi, Hemant Pandey
Global Resin Capsule Market size is forecast to exceed USD 1.07 billion by 2025; according to a new research report by Global Market Insights, Inc.
Rapidly growing mining industry in Asia Pacific will drive the global resin capsule market in coming years. It is a two-compartment tube, which consist catalyst in one compartment and resin in other. They are used in mining for roof and wall support bolting. Increasing mining activities in Asia Pacific are anticipated to propel the product demand over the forecast period. According to World Coal Organization (WCO), Asia was the largest coal producer and consumer with production over 60% and consumption over 54%. Coal production in the region is expected to grow with a highest CAGR in near future. Owing to the high mining output in the region Asia Pacific in 2018 accounted for over 50% share in resin capsule market and will grow with a highest CAGR 5.7% during the forecast timeframe.
Additionally, significantly growing construction industry in the region is anticipated to have positive impact on the product market during the forecast period. Availability of low cost product substitute i.e. cement capsule is major factor hindering resin capsule market size. However, comparatively very low setting time of resin capsule in comparison with its available counterpart along with stringent government legislations regarding employee safety working in mines will positively impact the industry growth by 2025.
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Browse key industry insights spread across 243 pages with 428 market data tables & 18 figures & charts from the report, “Resin Capsule Market Size By Product (Polyester, Epoxy, Acrylic) By Catalyst (Organic Peroxide, Oil Based, Water Based) By Type (Superfast, Fast, Slow) By End-User (Mining, Construction, Manufacturing, Oil & Gas) Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Poland, Norway, Russia, China, India, Japan, Australia, Indonesia, Malaysia, Brazil, Mexico, Saudi Arabia, South Africa, Iran), Application Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025” in detail along with the table of contents:
Polyester was the largest product segment in resin capsule market size in 2018 and forecast to growth with a CAGR over 5.5% during the forecast period. This can be attributed to the high product usage in mining industry, which was the largest end-user segment in resin capsule market. Acrylic product segment in resin capsule market generated revenue over 120 million in 2018 and forecast to grow with a prominent CAGR over the forecast period. Significantly growing manufacturing industry in Asia Pacific will fuel the product demand in coming years.
The outer compartment of resin capsule contains the resin mixture and inner compartment contains the catalyst mixture. Hydrogen peroxide, oil-based and water based are the major catalyst types in resin capsule market. Chemical reaction between catalyst and resin mixture creates the high strength bond and hardens the resin adhesive. Water based catalyst demand is projected to grow with a highest CAGR during the forecast period. This can be attributed to the low product cost and reduced mixture time. Superfast resin capsule demand shall grow with a highest CAGR during the forecast period, as it requires very low time to grout the bolt
Middle East and Africa were the one of the major regions in resin capsule market size in 2018 and forecast to grow with a CAGR over 5% in next few years. Growing mining and construction industry in the region were the major attributing such prominent demand share in the region. Growing mining activities coupled with high growth in construction industry will fuel the product demand in the region over the forecast period.
Europe accounted for over 15% share in resin capsule market in 2018 and anticipated to grow with a healthy CAGR in near future. High product usage due to the stringent workers safety regulations in the region will complement industry growth by 2025. Global resin capsule market share comprises many large multinational regional players. Some prominent players operating in the industry includes Sormat Oy, Sika Ag, Mungo Befestigungstechnik AG, Fischer Group, DSI Underground, Minova, Jennmar Corporation and Hilti.
Resin Capsule research report includes in-depth coverage of the industry, with estimates & forecast in terms of revenue in Kilo Tons and USD million from 2014 to 2025, for the following segments:
Resin Capsule Market, Product By End-User
- Oil & gas
- Oil & gas
- Oil & gas
- Oil & gas
Resin Capsule Market By Catalyst
- Organic peroxide
- Oil based
- Water based
Resin Capsule Market By Type
Resin Capsule Market By End-User
- Oil & gas
The above information is provided on a regional and country basis for the following:
- North America
- South Africa
- Saudi Arabia