Resin Capsule Market Size, Share, Trends, Growth and Forecast 2032

Global Resin Capsule Market Insights

According to Zion Market Research, the global Resin Capsule Market was worth USD 1312.52 Million in 2023. The market is forecast to reach USD 1950.53 Million by 2032, growing at a compound annual growth rate (CAGR) of 4.5% during the forecast period 2024-2032.

The report offers a comprehensive analysis of the market, highlighting the factors that will determine growth, potential challenges, and opportunities that could emerge in the Resin Capsule industry over the next decade.

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The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.

The study contains drivers, restraints, opportunities, and challenges for the resin capsule market along with the impact they have on the market. In order to give the users of this report a comprehensive view on the resin capsule market, we have included competitive landscape and analysis of Porter's five forces model for the market. The report offers exhaustive analysis of macro-economic indicators, market trends, and governing factors along with market attractiveness. The report also includes the qualitative impact of various market factors on market segments and geographies.

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The report provides company market share analysis in order to give a broader overview of the key players in the market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new product type launch, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the market on a global and regional basis. Moreover, the study covers the product portfolio of various companies.

Global Resin Capsule Market: Segmentation

The study provides a decisive view on the resin capsule market by segmenting the market based on type, catalyst type, end use industry, and regions. All the segments have been analyzed based on present and future trends and the market is estimated from 2024 to 2032.

By type segment analysis includes polyester, epoxy, acrylic and others.

By catalyst type segment analysis includes organic peroxides, oil-based, water-based.

By end-use industry segment analysis includes construction, mining, manufacturing and others.

The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America and Middle East & Africa. The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global resin capsule market.

Market Dynamics

Surge in use of resin capsules in construction and mining industry is driving resin capsules market. Resin capsules is benefitted by fast anchorage to the surrounding strata, immediate transfer of high load, resistance from the lateral and horizontal strata movements by full column bonded bolts, provide rigidity and strength, seals dripping holes, wet and elimination of deterioration of hole, remains unaffected by fresh or sea water, mild alkalis, and mild acids, provides resistance to anchoring failure due to vibration or blasting, and are easy to install. This feature of resin capsule has raised the growth rate at faster pace. Shorter shelf life and health hazard are factors restricting the market growth.

Resin Capsules Market Segment Analysis

Mining segment is leading the resin capsules market while construction segment is about to gain a growth at highest CAGR. Use of resins in explosives is one of the major reasons to fuel the growth of the mining segment in the resin capsules market, as resin bolts are needed to provide strength to anchor steel studs to mine walls or ceilings. Polyester resin leaded the market in 2022 and will continue its dominance throughout the forecast attributed to the high demand from mining and construction industries, owing to their overall robust performance, and in particular, their superior UV resistance feature, which provides longevity and durability to the anchor system.

Geographically, resin capsules market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America. Asia-Pacific is expected to be one of the largest markets for resin capsules, followed by the Middle East & Africa and North America. This is due to the increasing investments in construction industry across emerging countries in the Asia Pacific region.

Key Highlights:

Global market analysis and forecast, in terms of value. Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global Resin Capsules Market Global market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided. Resin Capsules Market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study. Global Resin Capsules Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation. Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled. Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global market are also profiled.

Resin Capsule Market: Report Scope

The key players operating in the global resin capsule market are-

• Sika Ag
• Fischer Group
• Sormat OY
• Mungo Befestigungstechnik AG
• Minova
• DSI Underground
• Jennmar Corporation
• Hilti
• Hightech Mining
• Buildtech Products.

The global resin capsule market has been segmented as follows:

Global Resin Capsule Market: Type Segment Analysis

• Polyester
• Epoxy
• Acrylic
• Others

Global Resin Capsule Market: Catalyst Type Segment Analysis

• Organic peroxides
• Oil-based
• Water-based

Global Resin Capsule Market: End-Use Industry Segment Analysis

• Construction
• Mining
• Manufacturing
• Others

Global Resin Capsule Market: Regional Segment Analysis

• North America
  • U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa