Demand for Polyester and Acrylic Resin Capsules in Mining and Construction Sectors to Bolster Growth of the Resin Capsule Market

Introduction

Resin Capsules are extensively used in mining and construction for tunneling and anchoring to support the roof during installation and transfer heavy loads. These materials are easy to install and use and offer exceptional strength and rigidity. The niche applications of products in certain industries drive the growth of this market globally.

Coal Demand & Production to Provide a Filip to the Demand for Resin Capsules

According to the Asia-Pacific Energy Research Centre, five emerging economies account for 97% of coal demand, namely China (59%), the U.S. (12%), Australia (10%), Indonesia (9%), and Russia (7%). Coal production is likely to grow at a staggering rate in the coming years. Asia-Pacific, with a high mining output, accounted for over half the overall value share of the resin capsule market in 2018.

The global resin capsule market was valued at USD 745 million in 2018 and is expected to reach a value of USD 1141.61 million by 2026, with an anticipated CAGR of 5.48% during the forecast period, 2019–2026.

 

APAC to Account for the Lion’s Share, With Mining, Metal, and Mineral Industries Driving Demand

With voracious demand from the mining sector, Asia-Pacific is expected to hold a relatively large share. The region is a hub for metal and mineral industries, which further contributes to the growth momentum. The region’s growing construction and infrastructure sector seeks strengthened concrete structures, which has created application scope for products to impart strength in construction material. According to the Asian Development Bank, the region annually invests USD 881 billion in infrastructure, wherein power and transport account for 52% and 35%, respectively of the total investment.

The Middle East & Africa to Present Lucrative Opportunities in the Form of Metal & Mineral Extraction Activities

The forecast period will see several players in the mining sector further exploiting opportunities in the Middle East and Africa. Africa, with abundant mineral and metal reserves, is a key producer for several verticals. African countries export metals such as uranium for the generation of nuclear energy, platinum for jewelry and industrial applications, and others such as nickel, bauxite, and cobalt that find a multitude of applications across industries. Despite the region’s bounty of a plethora of resources, its people suffer from acute poverty. Encumbered by socio-economic challenges, the African economy is likely to reach a GDP of USD 29 trillion by 2050, which highlights the potential that the region will present in years to come.

Why Buy This Report?

• The global resin capsule market report covers a detailed analysis of the dynamics in the global resin capsule market
• The report specifically focuses on Asia-Pacific and the Middle East and Africa, where both construction and mining sectors are gaining traction and creating growth prospects for the resin capsule market
• The report also includes a brief study on the attractive segments in the market

Competitive Players

1. Sika AG
2. Barnes Group, Inc.
3. Orica Limited
4. DYWIDAG-Systems International
5. Bohle AG
6. Rawlplug
7. Sormat OY
8. Arkema SA
9. Fischer Holding GmbH & CO.
10. Hexion Inc.
11. Koelner Rawlplug IP.

Recent Developments

March 2024: The acquisition of Normet by Minova was seen as a positive development for the resin capsule market, as it created a stronger and more competitive player that could offer a wider range of solutions and services to its customers. The merger also reflected the growing demand for resin capsules in various sectors, such as mining, construction, and infrastructure, driven by factors such as increased safety, efficiency, and sustainability.

Segmentation

1. By Resin Type
   1. Polyester
   2. Epoxy
   3. Acrylic 
2. By Catalyst Type
   1. Organic Peroxides
   2. Oil-Based
   3. Water-Based
3. By Applications
   1. Mining
   2. Construction 
   3. Manufacturing
   4. Others