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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.
Report Coverage
The report: “Resin Capsules Market – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Resin Capsules Market Industry.
By Catalyst Type: Organic Peroxides, Oil-Based, Water-Based and Others.
By Resin Type: Polyester, Epoxy, Acrylic and Others.
By End-Use Industry: Mining, Construction, Manufacturing and Others.
By Geography: North America, South America, Europe, APAC, and RoW
Key Takeaways
- 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.
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.
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.
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.
Market Landscape
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Resin Capsules Market . In 2019, the market of resin capsules has been consolidated by the top five players accounting for xx% of the share. 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.
Acquisition
- In February 2016, DSI acquired Jennmar Canada which strengthened DSI’s mining capabilities in Canada
1. Resin Capsules Market - Market Overview
1.1 Definitions and Scope
2. Resin Capsules Market - Executive Summary
2.1 Market Revenue, Market Size and Key Trends by Company
2.2 Key Trends by Catalyst Type
2.3 Key Trends by Resin Type
2.4 Key Trends by End-Use Industry
2.5 Key Trends by Geography
3. Resin Capsules Market - Landscape
3.1 Comparative analysis
3.1.1 Market Share Analysis- Top Companies
3.1.2 Product Benchmarking- Top Companies
3.1.3 Top 5 Financials Analysis
3.1.4 Patent Analysis- Top Companies
3.1.5 Pricing Analysis
4. Resin Capsules Market - Startup companies Scenario Premium (Premium)
4.1 Top startup company Analysis by
4.1.1 Investment
4.1.2 Revenue
4.1.3 Market Shares
4.1.4 Market Size and Application Analysis
4.1.5 Venture Capital and Funding Scenario
5. Resin Capsules Market – Industry Market Entry Scenario Premium (Premium)
5.1 Regulatory Framework Overview
5.2 New Business and Ease of Doing business index
5.3 Case studies of successful ventures
5.4 Customer Analysis - Top companies
6. Resin Capsules Market - Market Forces
6.1 Market Drivers
6.2 Market Constraints
6.3 Market Opportunities
6.4 Porters five force model
6.4.1 Bargaining power of suppliers
6.4.2 Bargaining powers of customers
6.4.3 Threat of new entrants
6.4.4 Rivalry among existing players
6.4.5 Threat of substitutes
7. Resin Capsules Market -Strategic analysis
7.1 Value chain analysis
7.2 Opportunities analysis
7.3 Market life cycle
7.4 Suppliers and distributors Analysis
8. Resin Capsules Market– By Catalyst Type (Market Size -$Million)
8.1 Organic Peroxides
8.2 Oil-Based
8.3 Water-Based
9. Resin Capsules Market– By Resin Type (Market Size -$Million)
9.1 Polyester
9.2 Epoxy
9.3 Acrylic
9.4 Others
10. Resin Capsules Market– By End-Use Industry (Market Size -$Million)
10.1 Mining
10.2 Construction
10.3 Manufacturing
10.4 Others
11. Resin Capsules Market - By Geography (Market Size -$Million)
11.1 North America
11.1.1 U.S.
11.1.2 Canada
11.1.3 Mexico
11.2 South America
11.2.1 Brazil
11.2.2 Argentina
11.2.3 Colombia
11.2.4 Chile
11.2.5 Rest of South America
11.3 Europe
11.3.1 U.K
11.3.2 Germany
11.3.3 Italy
11.3.4 France
11.3.5 Russia
11.3.6 Netherland
11.3.7 Belgium
11.3.8 Spain
11.3.9 Rest of Europe
11.4 Asia Pacific
11.4.1 China
11.4.2 India
11.4.3 Japan
11.4.4 South Korea
11.4.5 Australia& New Zealand
11.4.6 Rest of Asia Pacific
11.5 RoW
11.5.1 Middle East
11.5.1.1 Saudi Arabia
11.5.1.2 UAE
11.5.1.3 Israel
11.5.1.4 Rest of Middle East
11.5.2 Africa
11.5.2.1 South Africa
11.5.2.2 Nigeria
11.5.2.3 Rest of Africa
12. Resin Capsules Market- Entropy
12.1 New Product Launches
12.2 M&A’s, Collaborations, JVs and Partnerships
13. Resin Capsules Market- Entropy (Premium)
13.1 Market Share by Country- Top companies
13.2 Market Share by Region- Top companies
13.3 Market Share by type of Product / Product category- Top companies
13.4 Market Share at global level- Top companies
13.5 Best Practices for companies
13.6 Best Practices for companies
14. Resin Capsules Market- List of Key Companies by Country (Premium)
15. Resin Capsules Market Company Analysis
15.1 Market Share, Company Revenue, Products, M&A, Developments
15.2 Company 1
15.3 Company 2
15.4 Company 3
15.5 Company 4
15.6 Company 5
15.7 Company 6
15.8 Company 7
15.9 Company 8
15.10 Company 9
15.11 Company 10 and more
"*Financials would be provided on a best efforts basis for private companies"
LIST OF TABLES
1.Global Resin Capsules Market By Catalyst Type Market 2019-2024 ($M)1.1 Organic Peroxides Market 2019-2024 ($M) - Global Industry Research
1.2 Oil-Based Market 2019-2024 ($M) - Global Industry Research
1.3 Water-Based Market 2019-2024 ($M) - Global Industry Research
2.Global Resin Capsules Market By Resin Type Market 2019-2024 ($M)
2.1 Polyester Market 2019-2024 ($M) - Global Industry Research
2.2 Epoxy Market 2019-2024 ($M) - Global Industry Research
2.3 Acrylic Market 2019-2024 ($M) - Global Industry Research
3.Global Resin Capsules Market By End-Use Industry Market 2019-2024 ($M)
3.1 Mining Market 2019-2024 ($M) - Global Industry Research
3.2 Construction Market 2019-2024 ($M) - Global Industry Research
3.3 Manufacturing Market 2019-2024 ($M) - Global Industry Research
4.Global Resin Capsules Market By Catalyst Type Market 2019-2024 (Volume/Units)
4.1 Organic Peroxides Market 2019-2024 (Volume/Units) - Global Industry Research
4.2 Oil-Based Market 2019-2024 (Volume/Units) - Global Industry Research
4.3 Water-Based Market 2019-2024 (Volume/Units) - Global Industry Research
5.Global Resin Capsules Market By Resin Type Market 2019-2024 (Volume/Units)
5.1 Polyester Market 2019-2024 (Volume/Units) - Global Industry Research
5.2 Epoxy Market 2019-2024 (Volume/Units) - Global Industry Research
5.3 Acrylic Market 2019-2024 (Volume/Units) - Global Industry Research
6.Global Resin Capsules Market By End-Use Industry Market 2019-2024 (Volume/Units)
6.1 Mining Market 2019-2024 (Volume/Units) - Global Industry Research
6.2 Construction Market 2019-2024 (Volume/Units) - Global Industry Research
6.3 Manufacturing Market 2019-2024 (Volume/Units) - Global Industry Research
7.North America Resin Capsules Market By Catalyst Type Market 2019-2024 ($M)
7.1 Organic Peroxides Market 2019-2024 ($M) - Regional Industry Research
7.2 Oil-Based Market 2019-2024 ($M) - Regional Industry Research
7.3 Water-Based Market 2019-2024 ($M) - Regional Industry Research
8.North America Resin Capsules Market By Resin Type Market 2019-2024 ($M)
8.1 Polyester Market 2019-2024 ($M) - Regional Industry Research
8.2 Epoxy Market 2019-2024 ($M) - Regional Industry Research
8.3 Acrylic Market 2019-2024 ($M) - Regional Industry Research
9.North America Resin Capsules Market By End-Use Industry Market 2019-2024 ($M)
9.1 Mining Market 2019-2024 ($M) - Regional Industry Research
9.2 Construction Market 2019-2024 ($M) - Regional Industry Research
9.3 Manufacturing Market 2019-2024 ($M) - Regional Industry Research
10.South America Resin Capsules Market By Catalyst Type Market 2019-2024 ($M)
10.1 Organic Peroxides Market 2019-2024 ($M) - Regional Industry Research
10.2 Oil-Based Market 2019-2024 ($M) - Regional Industry Research
10.3 Water-Based Market 2019-2024 ($M) - Regional Industry Research
11.South America Resin Capsules Market By Resin Type Market 2019-2024 ($M)
11.1 Polyester Market 2019-2024 ($M) - Regional Industry Research
11.2 Epoxy Market 2019-2024 ($M) - Regional Industry Research
11.3 Acrylic Market 2019-2024 ($M) - Regional Industry Research
12.South America Resin Capsules Market By End-Use Industry Market 2019-2024 ($M)
12.1 Mining Market 2019-2024 ($M) - Regional Industry Research
12.2 Construction Market 2019-2024 ($M) - Regional Industry Research
12.3 Manufacturing Market 2019-2024 ($M) - Regional Industry Research
13.Europe Resin Capsules Market By Catalyst Type Market 2019-2024 ($M)
13.1 Organic Peroxides Market 2019-2024 ($M) - Regional Industry Research
13.2 Oil-Based Market 2019-2024 ($M) - Regional Industry Research
13.3 Water-Based Market 2019-2024 ($M) - Regional Industry Research
14.Europe Resin Capsules Market By Resin Type Market 2019-2024 ($M)
14.1 Polyester Market 2019-2024 ($M) - Regional Industry Research
14.2 Epoxy Market 2019-2024 ($M) - Regional Industry Research
14.3 Acrylic Market 2019-2024 ($M) - Regional Industry Research
15.Europe Resin Capsules Market By End-Use Industry Market 2019-2024 ($M)
15.1 Mining Market 2019-2024 ($M) - Regional Industry Research
15.2 Construction Market 2019-2024 ($M) - Regional Industry Research
15.3 Manufacturing Market 2019-2024 ($M) - Regional Industry Research
16.APAC Resin Capsules Market By Catalyst Type Market 2019-2024 ($M)
16.1 Organic Peroxides Market 2019-2024 ($M) - Regional Industry Research
16.2 Oil-Based Market 2019-2024 ($M) - Regional Industry Research
16.3 Water-Based Market 2019-2024 ($M) - Regional Industry Research
17.APAC Resin Capsules Market By Resin Type Market 2019-2024 ($M)
17.1 Polyester Market 2019-2024 ($M) - Regional Industry Research
17.2 Epoxy Market 2019-2024 ($M) - Regional Industry Research
17.3 Acrylic Market 2019-2024 ($M) - Regional Industry Research
18.APAC Resin Capsules Market By End-Use Industry Market 2019-2024 ($M)
18.1 Mining Market 2019-2024 ($M) - Regional Industry Research
18.2 Construction Market 2019-2024 ($M) - Regional Industry Research
18.3 Manufacturing Market 2019-2024 ($M) - Regional Industry Research
19.MENA Resin Capsules Market By Catalyst Type Market 2019-2024 ($M)
19.1 Organic Peroxides Market 2019-2024 ($M) - Regional Industry Research
19.2 Oil-Based Market 2019-2024 ($M) - Regional Industry Research
19.3 Water-Based Market 2019-2024 ($M) - Regional Industry Research
20.MENA Resin Capsules Market By Resin Type Market 2019-2024 ($M)
20.1 Polyester Market 2019-2024 ($M) - Regional Industry Research
20.2 Epoxy Market 2019-2024 ($M) - Regional Industry Research
20.3 Acrylic Market 2019-2024 ($M) - Regional Industry Research
21.MENA Resin Capsules Market By End-Use Industry Market 2019-2024 ($M)
21.1 Mining Market 2019-2024 ($M) - Regional Industry Research
21.2 Construction Market 2019-2024 ($M) - Regional Industry Research
21.3 Manufacturing Market 2019-2024 ($M) - Regional Industry Research
LIST OF FIGURES
1.US Resin Capsules Market Revenue, 2019-2024 ($M)2.Canada Resin Capsules Market Revenue, 2019-2024 ($M)
3.Mexico Resin Capsules Market Revenue, 2019-2024 ($M)
4.Brazil Resin Capsules Market Revenue, 2019-2024 ($M)
5.Argentina Resin Capsules Market Revenue, 2019-2024 ($M)
6.Peru Resin Capsules Market Revenue, 2019-2024 ($M)
7.Colombia Resin Capsules Market Revenue, 2019-2024 ($M)
8.Chile Resin Capsules Market Revenue, 2019-2024 ($M)
9.Rest of South America Resin Capsules Market Revenue, 2019-2024 ($M)
10.UK Resin Capsules Market Revenue, 2019-2024 ($M)
11.Germany Resin Capsules Market Revenue, 2019-2024 ($M)
12.France Resin Capsules Market Revenue, 2019-2024 ($M)
13.Italy Resin Capsules Market Revenue, 2019-2024 ($M)
14.Spain Resin Capsules Market Revenue, 2019-2024 ($M)
15.Rest of Europe Resin Capsules Market Revenue, 2019-2024 ($M)
16.China Resin Capsules Market Revenue, 2019-2024 ($M)
17.India Resin Capsules Market Revenue, 2019-2024 ($M)
18.Japan Resin Capsules Market Revenue, 2019-2024 ($M)
19.South Korea Resin Capsules Market Revenue, 2019-2024 ($M)
20.South Africa Resin Capsules Market Revenue, 2019-2024 ($M)
21.North America Resin Capsules By Application
22.South America Resin Capsules By Application
23.Europe Resin Capsules By Application
24.APAC Resin Capsules By Application
25.MENA Resin Capsules By Application
26.Sika AG, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Orica Limited, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Barnes Group Inc., Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Dywidag-Systems International, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Rawlplug, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Bohle AG, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Sormat Oy, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Fischer Holding GmbH & Co., Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Arkema SA, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Hexion Inc., Sales /Revenue, 2015-2018 ($Mn/$Bn)
36.Mungo, Sales /Revenue, 2015-2018 ($Mn/$Bn)
37.W R Grace & Company, Sales /Revenue, 2015-2018 ($Mn/$Bn)
38.Liebig International Ltd., Sales /Revenue, 2015-2018 ($Mn/$Bn)
39.Polygon Chemicals Pvt. Ltd., Sales /Revenue, 2015-2018 ($Mn/$Bn)
40.Precision Drawell, Sales /Revenue, 2015-2018 ($Mn/$Bn)
41.Fosroc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
42.Kee Systems, Sales /Revenue, 2015-2018 ($Mn/$Bn)
43.Kunal Conchem, Sales /Revenue, 2015-2018 ($Mn/$Bn)
44.Multifix, Sales /Revenue, 2015-2018 ($Mn/$Bn)
45.Hightech Mining Products, Sales /Revenue, 2015-2018 ($Mn/$Bn)
46.Forgefix Ltd., Sales /Revenue, 2015-2018 ($Mn/$Bn)
47.Laxmi Industries, Sales /Revenue, 2015-2018 ($Mn/$Bn)
48.Candorr International, Sales /Revenue, 2015-2018 ($Mn/$Bn)