Advertising Driven Press Release Distribution
Advertising Driven Press Release Distribution
Resin Capsules Market size is forecast to reach $1440.40 million by 2025, after growing at a CAGR of 4.46% during 2020-2025. Resin capsules are resin, catalyst and other additives packed in polythene tubes, which are commonly used in civil engineering, tunnel construction and mining industries as an anchoring medium. On the other hand, resin casting is a method of plastic casting where a mold is filled with a liquid synthetic resin, which then hardens. It is primarily used for small-scale production like dentistry and industrial prototypes. Resin capsules comprises various types of thermosetting polymers or synthetic resins and catalyst components packed in a cartridge/capsule form.
By Catalyst Type – Segment Analysis
Organic peroxides segment held a significant share in resin capsules market in 2019, followed by water-based resin capsule segment. This can be attributed to the rapid industrialization and urbanization in the Asia Pacific. Water-based resin capsule improves mixing quality, encapsulation, consistency and a reduction in formulation cost. Reduced cost of the product has fueling its demand in mining industry, where resin capsules are purchase in bulk quantity.
Request for Sample of the Report @ https://www.industryarc.com/pdfdownload.php?id=500244
Report Price: $ 4500 (Single User License)
By Resin Type – Segment Analysis
Polyester segment held a significant share in resin capsules market in 2019. This is due to high product usage in mining industry due to its properties such as controlled setting time, reliability, distributed anchorage and chemical & corrosion resistance. Moreover, product usage in tunnelling from past few years is growing as it is highly useful for rock stabilization. Quick setting time is the major advantage due to which it will witness highest growth rate by 2025. It is used in the mining at the toe of the hole to grout the bolt quickly.
Polyester segment is expected to grow during the forecast period due to its high demand from the construction and mining industries, owing to reasons such as performance, price efficiency and in particular, their superior UV resistance in comparison to other resins.
By End-Use Industry – Segment Analysis
Mining segment held a significant share in resin capsules market in 2019 growing at a CAGR of 4.83% during the forecast period. Resin capsules are widely used as grouting materials for roof bolting in mines. Mining industry is pivotal in a number of countries, with dependence of high-tech industries on rare earths. Coal is one of the leading global commodities sought through mining. Increased expansion of the mining industry is expected to boost demand of the global resin capsules market.
Demand for strengthening concrete structures has increased the need for chemical bonded anchors, resin capsules play a key role in the grout layers and are used for repair and welding of cracks securing bolts, anchors in drilled holes and other applications. These capsules are best suited on construction sites since they are robust and can be easily installed overhead. Resin capsules also find applications in the construction of dams and tunnels.
Resin capsules are widely used in the manufacturing industry owing to their ability to mix effectively, and their properties which help in improved film shredding, increased encapsulation, easier bolt installation, and extended shelf life.
Geography- Segment Analysis
Asia Pacific dominated the resin capsules market with a share of more than 41.56%, followed by North America and Europe. This is primarily because of higher demand from the construction and mining sector in countries like China, India, Indonesia and others. Increase in population, urbanization, and industrialization has boosted the growth of the building & construction industry. The demand for the strengthening of concrete structures has resulted in an increased use of chemical bonded anchors, which in turn increased the usage of resin capsules. Hence, growing construction and mining industries in these regions is expected to boost the resin capsules market. For instance, according to the Australian Bureau of Statistics (ABS) Australian mining output from past several years is growing with a CAGR near to 3%.
However, COVID-19 pandemic likely to affect the mining industry in a variety of ways. Gold is expected to remain buoyant as will thermally coal and uranium but 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 is seen which is expected to have negative impact on the resin capsules market.
Drivers – Resin Capsules Market
Increasing applications of resin capsules in the mining industry
Resin capsules play a vital role in supporting mining excavations. It is primarily used as an anchoring medium for rock bolts and cable bolts and provides necessary roof and sidewall support to the underground excavations. It enhances the inherent strength of the rock mass stabilization and can be used with hydraulic and pneumatic type bolters. Owing to the operational ergonomics of the resin/bolt system, the installation time of rock bolting reduced significantly. Additionally, with the increasing usage of resin capsules, accidents caused by the movement of strata in underground mines have significantly reduced.
Resin capsules, owing to their dynamic loading and squeezing capabilities, are able to cope with increased stress loading, thus becoming increasingly important in the mining industry. This implies that the increasing number of applications of resin capsules in mining excavations will drive the market growth during the forecast period.
Talk to one of our sales representative about the full report by providing your details in the link below:
Challenges – Resin Capsules Market
Shorter shelf-life and health implications of resin capsules
Shelf-life on resin capsules does not exceed 6 months, which makes it extremely difficult to store in large quantities. Exposure to sunlight and heat also reduces its shelf-life. In addition, fluctuations in prices of raw materials and severe health implications are key factors expected to hamper growth of the global resin capsule market over forecast period. Moreover, the manufacture of resin capsules is a capital-intensive process; the initial capital involved in setting up a manufacturing plant for resin capsules is very high. The rapid technological innovations have led to the development of highly advanced equipment, which is expensive to buy.
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the resin capsules market. Major players in the resin capsules market are Sika AG, Orica Limited, Barnes Group, DYWIDAG-Systems International, Rawlplug, Bohle AG, Sormat OY, Fischer Holding GmbH & CO., Liebig., and Hexion Inc. among others.
In February 2016, DSI acquired Jennmar Canada which strengthened DSI’s mining capabilities in Canada
Asia-Pacific is expected to dominate the global market during the forecast period, due to rapidly growing mining industry in countries such as China, India and others.
By end-user industry, mining is expected to witness the highest demand for resin capsules market during the forecast period.
The rise in demand for high-quality minerals is expected to contribute significantly to the growth of the mining industry, which in turn is boosting the resin capsules market growth.
Increasing applications of resin capsules in the strata reinforcement function play a critical role in fostering its demand in emerging countries.
A. Resins Market
B. Chromatography Resins Market
About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to firstname.lastname@example.org to discuss more about our consulting services.
Oxyfluorfen Market Forecast to Reach $440 Million by 2026
Broadcast Radio Market Estimated to Reach $1.65 Billion Mark by 2026
Content Delivery Network Security Market Size Expected to Reach $8.85 Billion by 2025
Actinic Keratosis Treatment Market Size Estimated to Reach $7.8 Billion by 2026
Catheter Coatings Market Size Estimated to Reach $1.5 Billion by 2026