Press release
Resin Capsule Market : Information by Resin Type (Polyester, Epoxy), Catalyst Type (Organic Peroxides, Oil-Based), Application (Mining, Construction),and Region — Forecast Till 2026
Resin Capsule Market
Growth of construction and infrastructure activities globally are anticipated to drive the resin capsule market. According to the U.S. Department of Housing and Urban Development, privately-owned housing increased by 10.3% in 2017 as compared to 2016.
Against a backdrop of favorable conditions and remarkable drivers, the resin capsule market is expected to witness significant growth with a CAGR of 13.2% during 2019–2026
Intended Audience
Product Manufacturers
Original Equipment Manufacturers (OEMs), Dealers, and Suppliers
Banks, Venture Capitalists, Financial Institutions, and Other Investors
Potential Investors
Research and Development Institutes
Association and Industry Bodies
Segmentation Insights
Request For Sample Report :https://straitsresearch.com/report/resin-capsule-market/request-sample
The global capsule market is segmented by resin type, catalyst type, and application.
Polyester, epoxy, and acrylic are the resin types studied in the resin capsule market. Polyester is expected to be a promising segment in the market due to its remarkable properties such as reliability, controlled setting time, distributed anchorage, and chemical and corrosion resistance. It finds extensive application in mining industries. Recently, Minova RSA, a part of Minova and Orica International, developed a new generation polyester resin, which facilitates systematic roof support methodology, thereby minimizing human errors.
Based on catalyst type, the resin capsule market is segmented into organic peroxides, oil-based, and water-based. Water-based catalyst serves various benefits for the installation of resin bolts. These benefits include blending quality, conformity, and low formulation cost. For instance, Hexion Inc. launched two new waterborne epoxy resin products, namely EPI-REZ Resin 6521-WH-56 and EPI-REZ Resin 6531-WH-57, offering remarkable adhesiveness to both metals and non-metals.
Based on application, the resin capsule market is segmented into mining, construction, manufacturing, and oil & gas. The rapidly growing construction industry in the wake of population growth and urbanization is expected to fuel the resin capsule market during the forecast period. According to Oxford Economics, the global construction sector will attain a value USD 12.7 trillion by 2020 with an annual growth rate of 3.9%, mainly driven by infrastructure development. The use of resin capsules in the construction industry for fixing and supporting high loads in concrete, and tunnel and dam construction as they provide remarkable properties such as rigidity, high strength, easy installation, and maintenance.
Regional Insights
To study the global resin capsule market in a better way, we have classified the market in five regions, namely North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.
Asia-Pacific is expected to spearhead the resin capsule market, owing to a great deal of construction and infrastructure activities. For instance, China has invested in the South-North Water Transfer Project, which will carry water from three of the country’s largest rivers to the north; the project is expected to be completed in 48 years. According to the Study of Organization for Economic Co-operation and Development (OECD), the region’s construction market is foreseen to attain a value of USD 5.36 trillion by 2025, accounting around 60% of the global construction industry.
The Middle East and Africa region is gaining a significant market share, on account of the burgeoning construction sector. Infrastructure projects such as Qatar National Vision 2030 estimating a valuation of around USD 200 Billion. Africa, with its rich mineral resource, abides to the stringent mining-related regulations resulting in a hostile impact on the mining lubricant industry. The strong presence of key players in the region engenders disruption in the energy market to ferret out new sources by adopting fuel cells and instigating development in vanadium batteries.
North America, with its dominating polyester segment, is projected to flourish in the global resin capsule market. The increasing demand from mining and construction sectors due to polyester resins’ price efficiency, performance, and superior UV resistance in comparison to other resin types is a key factor that drives market growth in the region. Moreover, the strong demand from bio-based polyester resins with technological advancements is expected to provide ample opportunities for market growth during the forecast period.
Key Players
Some of the most notable resin capsule market participants are Sika AG (Switzerland), Orica Limited (Australia), Barnes Group (US), DYWIDAG-Systems International (Germany), Rawlplug (Poland), Bohle AG (Germany), Sormat OY (Finland), Fischer Holding GmbH & CO. (Germany), Liebig. (France), and Hexion Inc. (US).
Market players in the industry are increasing their share with acquisition and merger strategies. For instance, DYWIDAG-Systems International acquired Mining Worlds S.A. in Buenos Aires, Argentina. The company is a manufacturer and distributor of the most efficient fortification and slope control products for underground mining projects.
Buy Now : https://straitsresearch.com/buy-now/resin-capsule-market/global/
Resin Capsule Market Segmentation
By Resin Type
Polyester
Epoxy
Acrylic
By Catalyst Type
Organic Peroxides
Oil-Based
Water-Based
By Application
Mining
Construction
Manufacturing
Others
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Spain
Rest of Europe
Asia-Pacific
Japan
India
China
South Korea
Australia
Rest of Asia-Pacific
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
MEA
Saudi Arabia
South Africa
UAE
Rest of MEA
Contact Us:
Email: sales@straitsresearch.com
Address: 825 3rd Avenue, New York, NY, USA, 10022
Tel: +1 6464807505, +44 203 318 2846
Website: https://straitsresearch.com/
About Us :
StraitsResearch.com is a leading market research and market intelligence organization, specializing in research, analytics, and advisory services along with providing business insights & market research reports.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Resin Capsule Market : Information by Resin Type (Polyester, Epoxy), Catalyst Type (Organic Peroxides, Oil-Based), Application (Mining, Construction),and Region — Forecast Till 2026 here
News-ID: 2420178 • Views: …
More Releases from StraitsResearch
Maleic Anhydride Market 2022: Explore Top Factors that Will Boost the Global Mar …
Maleic Anhydride Market
The research methodology of Straits Research involves an ideal combination of primary and secondary research with the help of which the experts' inferences and calculations are derived. Our reports are revised at regular intervals to be able to give recent information to our clients and help them make efficient business decisions. The information provided in the reports is verified in terms of quality and reliability.
The Major Players Covered in this…
Blood Glucose Lancets Market Emerging Technological Growth, Future Growth and Bu …
Blood Glucose Lancets Market
The research methodology of Straits Research involves an ideal combination of primary and secondary research with the help of which the experts' inferences and calculations are derived. Our reports are revised at regular intervals to be able to give recent information to our clients and help them make efficient business decisions. The information provided in the reports is verified in terms of quality and reliability.
The Major Players Covered in…
Graphic Film Market: Business Class Seating Type To Rising at 4.6% During 2022-2 …
Graphic Film Market
The research methodology of Straits Research involves an ideal combination of primary and secondary research with the help of which the experts' inferences and calculations are derived. Our reports are revised at regular intervals to be able to give recent information to our clients and help them make efficient business decisions. The information provided in the reports is verified in terms of quality and reliability.
The Major Players Covered in this…
Digital PCR Market to See Wonderful Rise during 2022-2029 with High CAGR Growth
Digital PCR Market
The research methodology of Straits Research involves an ideal combination of primary and secondary research with the help of which the experts' inferences and calculations are derived. Our reports are revised at regular intervals to be able to give recent information to our clients and help them make efficient business decisions. The information provided in the reports is verified in terms of quality and reliability.
The Major Players Covered in this…
More Releases for Resin
Alkyd Resin Market
The "Alkyd Resin Market" is expected to reach USD xx.x billion by 2031, indicating a compound annual growth rate (CAGR) of xx.x percent from 2024 to 2031. The market was valued at USD xx.x billion In 2023.
Growing Demand and Growth Potential in the Global Alkyd Resin Market, 2024-2031
Verified Market Research's most recent report, "Alkyd Resin Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2030," provides an in-depth examination…
Water Based Amino Resin Market Size, Share and Forecast By Key Players-BASF, Hex …
𝐔𝐒𝐀, 𝐍𝐞𝐰 𝐉𝐞𝐫𝐬𝐞𝐲- According to the MRI Team's Market Research Intellect, the global Water Based Amino Resin market is anticipated to grow at a compound annual growth rate (CAGR) of 16.58% between 2024 and 2031. The market is expected to grow to USD 68 Billion by 2024. The valuation is expected to reach USD 199.02 Billion by 2031.
The market for water-based amino resin is expanding rapidly due to the growing…
Solvent Based Amino Resin Market Size, Share and Forecast By Key Players-BASF, A …
𝐔𝐒𝐀, 𝐍𝐞𝐰 𝐉𝐞𝐫𝐬𝐞𝐲- According to the MRI Team's Market Research Intellect, the global Solvent Based Amino Resin market is anticipated to grow at a compound annual growth rate (CAGR) of 16.57% between 2024 and 2031. The market is expected to grow to USD 45.6 Billion by 2024. The valuation is expected to reach USD 133.38 Billion by 2031.
The market for solvent-based amino resin is expanding significantly due to its extensive…
Alkyd Resin Market
According to the latest research report published by Market Data Forecast, the global alkyd resin market is expected to grow at a CAGR of 3.32% during the forecast period 2024-2029. The market value was at USD 2.89 billion in 2023, and the value is expected to reach USD 3.52 billion by the end of 2029.
Alkyd resin is the oil-modified complex polyester that acts as a film-forming agent in paints and…
Composite Resin
According to a new market research report published by Global Insight Services "Composite Resin Market" is expected to grow by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Download Sample of Report : https://www.globalinsightservices.com/request-sample/GIS20852
Composite resin…
Polyethylene Naphthalate Resin (PEN Resin) Market 2022 | Detailed Report
The research reports on "Polyethylene Naphthalate Resin (PEN Resin) Market" report gives detailed overview of factors that affect global business scope. Polyethylene Naphthalate Resin (PEN Resin) Market report shows the latest market insights with upcoming trends and breakdowns of products and services. This report provides statistics on the market situation, size, regions and growth factors. An exclusive data offered in this report is collected by research and industry experts team.
Download…
