Resin Capsules Market to surpass $1.07 bn by 2025: Global Market Insights, Inc.

Polyester resin capsules market share is expected to expand at 5.5% CAGR over 2019 to 2025 owing to the high product usage in mining industry which is the largest end-user market segment.

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Selbyville, Delaware, July 09, 2019 (GLOBE NEWSWIRE) --

The Resin Capsule Market revenue is set to rise from US$ 750 million in 2018 to around US$ 1.07 billion by 2025, according to a 2019 Global Market Insights, Inc. report. Rapidly growing mining industry in Asia Pacific will drive the global resin capsules 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 capsules 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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Polyester was the largest product segment in resin capsules 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. 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 capsules 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.

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:

https://www.gminsights.com/industry-analysis/resin-capsule-market

Middle East and Africa were the one of the major regions in resin capsules 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 capsules 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.

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About Global Market Insights 

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.


        

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