The global resin capsule market is expected to grow at a significant rate over the forecast period of 2021-2028. Resin capsules are made up of two components โ resin and hardener, which are mixed together to form a solid mass. They are commonly used for anchoring bolts and other fixtures in concrete, rock, and other materials. Resin capsules provide a high-strength anchoring solution for a wide range of applications, including construction, mining, and oil and gas.
Resin capsules are a type of adhesive anchor that provide a high-strength anchoring solution for a wide range of applications. They are made up of two components โ resin and hardener โ that are mixed together to form a solid mass. Resin capsules are commonly used for anchoring bolts and other fixtures in concrete, rock, and other materials.
Executive Summary
The global resin capsule market is expected to grow at a significant rate over the forecast period of 2021-2028. The market is driven by the growing construction industry, increasing demand for high-strength anchoring solutions, and rising investments in the mining and oil and gas industries. However, the market growth may be hindered by the high cost of resin capsules and the availability of low-cost alternatives. The Asia Pacific region is expected to hold the largest share of the resin capsule market, driven by the rapid growth of the construction industry in countries like China and India.
Important Note:ย The companies listed in the image above are for reference only. The final study will cover 18โ20 key players in this market, and the list can be adjusted based on our clientโs requirements.
Key Market Insights
- The global resin capsule market is expected to grow at a significant rate over the forecast period of 2021-2028.
- Resin capsules are commonly used for anchoring bolts and other fixtures in concrete, rock, and other materials.
- The market is driven by the growing construction industry, increasing demand for high-strength anchoring solutions, and rising investments in the mining and oil and gas industries.
- The Asia Pacific region is expected to hold the largest share of the resin capsule market, driven by the rapid growth of the construction industry in countries like China and India.
Market Drivers
The global resin capsule market is driven by a number of factors, including:
Growing construction industry: The construction industry is one of the largest end-users of resin capsules, as they are commonly used for anchoring bolts and other fixtures in concrete and other materials. The growing construction industry in emerging economies like China, India, and Brazil is expected to drive the demand for resin capsules over the forecast period.
Increasing demand for high-strength anchoring solutions: Resin capsules provide a high-strength anchoring solution for a wide range of applications, including construction, mining, and oil and gas. With the growing demand for high-strength anchoring solutions, the demand for resin capsules is also expected to grow.
Rising investments in the mining and oil and gas industries: The mining and oil and gas industries are major end-users of resin capsules, as they are commonly used for anchoring bolts and other fixtures in rock and other materials. With the rising investments in these industries, the demand for resin capsules is also expected to grow.
Market Restraints
The growth of the global resin capsule market may be hindered by a number of factors, including:
High cost of resin capsules: Resin capsules can be expensive compared to other anchoring solutions, which may limit their adoption in some markets.
Availability of low-cost alternatives: There are a number of low-cost alternatives to resin capsules, such as mechanical anchors and chemical anchors, which may limit the demand for resin capsules in some markets.
Market Opportunities
The global resin capsule market presents a number of opportunities for growth, including:
Expansion into new markets: The growing construction industry in emerging economies presents an opportunity for resin capsule manufacturers to expand into new markets.
Development of new applications: There may be opportunities for resin capsules to be used in new applications beyond their current use in construction, mining, and oil and gas.
Increasing adoption of sustainable materials: The growing trend towards sustainable materials presents an opportunity for resin capsule manufacturers to develop and market environmentally-friendly alternatives.
Market Dynamics
The global resin capsule market is characterized by intense competition among key players, with a focus on product innovation, expansion into new markets, and strategic partnerships and collaborations. The market is also driven by growing investments in research and development, with a focus on developing new and improved resin capsule formulations that offer higher performance and greater sustainability.
Regional Analysis
The Asia Pacific region is expected to hold the largest share of the resin capsule market, driven by the rapid growth of the construction industry in countries like China and India. The region is also expected to see significant growth in the mining and oil and gas industries, which are major end-users of resin capsules.
The North American and European markets are also expected to see growth over the forecast period, driven by the growing construction industry and investments in infrastructure projects.
Competitive Landscape
Leading Companies in the Resin Capsule Market:
- DYWIDAG-Systems International (DSI)
- Sika AG
- Barnes Group Inc.
- Orica Limited
- Dextra Group
- Bohle Group
- GCP Applied Technologies Inc.
- Fosroc Ltd.
- Normet Group
- Avanti International
Please note: This is a preliminary list; the final study will feature 18โ20 leading companies in this market. The selection of companies in the final report can be customized based on our client’s specific requirements.
Segmentation
The global resin capsule market can be segmented based on type, end-use industry, and region.
By type, the market can be segmented into:
- Epoxy resin capsules
- Polyester resin capsules
- Acrylic resin capsules
By end-use industry, the market can be segmented into:
- Construction
- Mining
- Oil and gas
- Others
By region, the market can be segmented into:
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
Category-wise Insights
The construction industry is the largest end-user of resin capsules, accounting for a significant share of the market. The use of resin capsules in the construction industry is driven by the need for high-strength anchoring solutions in concrete and other materials.
The mining and oil and gas industries are also major end-users of resin capsules, as they are commonly used for anchoring bolts and other fixtures in rock and other materials.
Key Benefits for Industry Participants and Stakeholders
- Provides a high-strength anchoring solution for a wide range of applications
- Offers a reliable and durable alternative to other anchoring solutions
- Can be used in a variety of materials, including concrete, rock, and other materials
- Offers ease of use and quick installation
SWOT Analysis
Strengths:
- Provides a high-strength anchoring solution for a wide range of applications
- Offers ease of use and quick installation
- Can be used in a variety of materials, including concrete, rock, and other materials
Weaknesses:
- Can be expensive compared to other anchoring solutions
- May not be suitable for all applications
- May require specialized training and equipment for installation
Opportunities:
- Expansion into new markets
- Development of new applications
- Increasing adoption of sustainable materials
Threats:
- Competition from low-cost alternatives
- Economic downturns and market volatility
- Government regulations and policies
Market Key Trends
- Increasing investments in research and development
- Growing demand for sustainable materials
- Expansion into new markets
- Strategic partnerships and collaborations
Covid-19 Impact
The global resin capsule market has been impacted by the Covid-19 pandemic, with disruptions in supply chains and reduced demand from end-users. However, the market is expected to recover over the forecast period, driven by the growing construction industry and increasing investments in infrastructure projects.
Key Industry Developments
- In 2020, Hilti introducedย new range of resin capsules designed for use in the mining industry. The new range offers higher strength and improved durability, making it ideal for use in the harsh conditions of the mining environment.
- In 2019, Fischer introduced a new range of eco-friendly resin capsules made from renewable raw materials. The new range is designed to offer high performance while reducing the environmental impact of resin capsules.
- In 2018, Sika acquired Propex Holding, a leading provider of concrete reinforcement and anchoring solutions. The acquisition is expected to strengthen Sika’s position in the global resin capsule market.
Analyst Suggestions
Industry analysts suggest that resin capsule manufacturers should focus on product innovation and development to gain a competitive edge. This may include developing new and improved formulations that offer higher strength, greater durability, and improved sustainability.
Manufacturers may also consider expanding into new markets, such as emerging economies, to capitalize on the growing construction industry in these regions.
Future Outlook
The global resin capsule market is expected to continue to grow at a significant rate over the forecast period, driven by the growing construction industry, increasing demand for high-strength anchoring solutions, and rising investments in the mining and oil and gas industries.
However, the market growth may be hindered by the high cost of resin capsules and the availability of low-cost alternatives. Resin capsule manufacturers may need to focus on product innovation and development, as well as expanding into new markets, to maintain a competitive edge in the market.
Conclusion
The global resin capsule market is a highly competitive market, driven by the growing construction industry, increasing demand for high-strength anchoring solutions, and rising investments in the mining and oil and gas industries. While the market presents a number of opportunities for growth, manufacturers may need to focus on product innovation and development, as well as expanding into new markets, to maintain a competitive edge.
In addition, the market is expected to see increasing investments in research and development, with a focus on developing new and improved resin capsule formulations that offer higher performance and greater sustainability. The COVID-19 pandemic has had a significant impact on the global resin capsule market, with disruptions in supply chains and reduced demand from end-users. However, as the global economy recovers and investments in infrastructure projects increase, the market is expected to recover and continue to grow over the forecast period.