Industrial, Manufacturing & Heavy Industry Market News

Resin capsules market worth 1,256.2 million USD by 2022 according to market forecasts

The report "Resin Capsules Market by Catalyst Type (Organic Peroxides, Oil-based, and Water-based), Resin Type (Polyester, Epoxy, and Acrylic), End-Use Industry (Mining, Construction, and Manufacturing), and Region - Global Forecast to 2022", The market for resin capsules is projected to grow from USD 972.8 Million in 2016 to USD 1,256.2 Million by 2022, with a CAGR of 4.46%, from 2017 to 2022.

- Advertising -

The resin capsules market is fairly competitive due to the presence of large players who have a strong foothold in the market. Increase in government investments on infrastructural developments in developing countries and rise in construction & mining activities are expected to boost the demand for resin capsules.

Increasing applications of resin capsules in the strata reinforcement function play a critical role in fostering its demand in emerging countries.

Download PDF Brochure www.marketsandmarkets.com/pdfdownload.asp?id=236836332

The polyester resin type held a considerably large market share in the resin capsules market.

- Advertising -

Polyester resins dominated the resin capsules market in 2016, and is projected to retain the leading position through 2022. This can be 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.

The construction segment is projected to grow at the highest rate during the forecast period, among all end-use industries.

The resin capsules market is segmented into mining, construction, manufacturing, and others. The mining segment accounted for the largest share in 2016; however, construction is projected to grow at the highest CAGR over the next five years.

The 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.

Asia-Pacific resin capsules market constituted the largest market share in the year, 2016.

Countries such as China and Australia are expected to witness high growth in the resin capsules market, due to high foreign investments in the mining industry. The region has vast mineral resources of copper, zinc, aluminum, coal, limestone, and rare earth & precious metals.

Rapid expansion of economies in the Asia-Pacific region is driving the mining and construction industry, leading to higher demand of resin capsules. The positive outlook of the economies is attracting huge investments from global mining companies.

Report www.marketsandmarkets.com/requests….asp?id=236836332

The global market for resin capsules is dominated by the presence of large players such as Sika AG (Switzerland), Orica Limited (Australia), Barnes Group Inc. (U.S.), DYWIDAG-Systems International (Germany), Rawlplug (Poland), Bohle AG (Germany), Sormat OY (Finland), Fischer Holding GmbH & CO.

(Germany), Arkema SA (France), and Hexion Inc. (U.S.).

 

News From

MarketsandMarkets™ - Business ResearchMarketsandMarkets™
Category: Market Research Publishers and RetailersCompany profile: MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth ...