NEWARK, Del, Feb. 22, 2024 (GLOBE NEWSWIRE) -- The resin capsule market is anticipated to be valued at US$ 1.3 billion by 2024. The market valuation is estimated to be US$ 2.1 billion by 2034, projected at a CAGR of 5.2%. The market is a thriving sector that provides innovative anchoring and reinforcement solutions primarily utilized in the construction, mining, and tunneling industries. Resin capsules are pre-measured quantities of resin enclosed in a sealed container designed to be inserted into drill holes, where they subsequently cure and form a robust bond with surrounding materials.
One key advantage of resin capsules is their quick and efficient installation process, which significantly reduces project timelines and labor costs compared to traditional anchoring methods. Resin capsules boast high load-bearing capacity and resistance to various environmental factors, making them ideal for use in demanding applications. The demand for resin capsules is primarily driven by the global surge in infrastructure development projects, particularly in regions with extensive construction and mining activities.
Elevate Your Strategy with Our Exclusive Report: Request Your Sample Now! https://www.futuremarketinsights.com/reports/sample/rep-gb-18989
Rapid urbanization, population growth, and increasing infrastructure investment further fuel the market's growth trajectory. Stringent safety regulations and the need for reliable anchoring solutions in hazardous environments contribute to the market's expansion. Innovation plays a crucial role in shaping the resin capsule landscape, with key players continuously striving to enhance product performance, safety standards, and environmental sustainability.
Advancements in resin formulation technologies and developing eco-friendly and non-toxic alternatives are driving the market forward. Strategic collaborations, mergers, and acquisitions among industry players contribute to market consolidation and foster innovation.
Key Takeaways from the Market Study
- Based on catalyst type, the organic peroxide is projected to expand at 5.1% CAGR by 2034.
- China is estimated to register at a CAGR of 6.1% by 2034.
- South Korea experiences significant growth, projected at a CAGR of 6.3% by 2034.
- Based on resin type, polyester is anticipated to expand at a CAGR of 5% by 2034.
“The increasing demand for construction and infrastructure projects worldwide serves as a significant driver for the resin capsule market,” says Nikhil Kaitwade, Associate Vice President at Future Market Insights (FMI).
Get the Complete Report Methodology: https://www.futuremarketinsights.com/request-report-methodology/rep-gb-18989
Competitive Landscape
The competitive landscape of the resin capsule market is characterized by the presence of several key players vying for market share. These companies compete based on product quality, technological innovation, pricing strategies, and geographical presence.
Strategic partnerships, mergers, and acquisitions play a significant role in shaping the competitive dynamics of the market, with players continually seeking to enhance their offerings and expand their market reach.
Product Portfolio of the Resin Capsule Landscape
| Key Player | Product | Key Insights |
| Sika AG | Rokkon® R (FS) | The product is designed to provide reliable anchoring and reinforcement solutions for construction, mining, and tunneling applications. |
| Arkema SA | Sartomer® specialty acrylate monomers and oligomers | The products are designed to enhance the performance and properties of resin formulations used in anchoring and reinforcement applications. |
Leading Players in the Resin Capsule Industry
- Sika AG
- Barnes Group Inc.
- Orica Limited
- DYWIDAG-Systems International
- Bohle AG
- Rawlplug
- Sormat OY
- Arkema SA
- Fischer Holding GmbH & CO.
- Hexion Inc.
- Koelner Rawlplug IP
Drive Your Business Growth Strategy: Purchase the Report for Key Insights! https://www.futuremarketinsights.com/checkout/18989
More Valuable Insights Available
Future Market Insights offers an unbiased global resin capsule market analysis, providing historical data from 2019 to 2023 and forecast statistics from 2024 to 2034
To understand market opportunities, the resin capsule market is segmented based on Catalyst Type (Organic peroxide, Water-based, Oil-based), Resin Type (Polyester, Epoxy, Acrylic, Others), End-use Industry (Construction, Mining, Manufacturing, Others), and Region (North America, Latin America, Western Europe, Eastern Europe, South Asia and Pacific, East Asia, and the Middle East and Africa).
About the Chemicals and Materials Division at Future Market Insights
The chemicals and materials team at Future Market Insights offers expert analysis, time-efficient research, and strategic recommendations to provide authentic insights and accurate results to help clients worldwide. With over 100+ reports and one million+ data points, the team has analyzed the industry lucidly in 50+ countries for over a decade. The team briefly analyzes key trends, including competitive landscape, profit margin, and research development efforts.
Authored By
Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.
Have a Look at Related Research Reports on Chemicals & Materials
The chlorinated polyethylene resins & elastomers market is forecast to reach US$ 600 Million by 2022, expected to flourish at a CAGR of 8% to reach US$ 1,297 Million by 2032.
Global chlorinated isocyanurates demand is anticipated to be valued at US$ 4.5 Billion in 2022, forecast to grow at a CAGR of 5.3% to be valued at US$ 7.5 Billion from 2022 to 2032.
The global market for dimer acid-based polyamide resins is expected to be valued at US$ 2.5 Billion in 2022, anticipated to flourish at a CAGR of 7% to reach US$ 5 Billion by the end of the 2022-2032 forecast period.
The chlorinated polyethylene market is predicted to witness an impressive CAGR of 7.2% over the forecasted period of 2022 to 2032.
The global amino resin market is expected to reach US$ 19.3 billion by 2032, with a significant CAGR of 6.1% during the forecast period.
The polyurethane resins paints and coatings market was valued at US$ 33786.16 million in 2022, with a CAGR of 4.5% expected during the forecast period.
The estimated size of the polysulfide resin market in 2022 was close to US$ 163.65 million and US$ 254.61 million by 2033, alongside a CAGR of 4.1% from 2023 to 2033.
The global amino acids market is projected to attain a valuation of US$ 27.5 billion in 2023 and is expected to reach US$ 63.4 billion by 2033.
A CAGR of 7.5% is anticipated between 2023 and 2033 for the growth of the global amines market, which was valued at US$ 31.9 Billion in 2023.
The acrylic paints market is growing at an average pace and is anticipated to record a CAGR of 4.5 % from 2022 to 2032.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware - 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
