The Resin Capsule Market is estimated at USD 1.3 billion by 2024. The market valuation is expected to be USD 2.1 billion by 2034, registering a moderate CAGR of 5.2%.
The market is focused on providing solutions for anchoring and reinforcement in the construction, mining, and tunneling industries. Resin capsules are pre-measured quantities of resin housed in a sealed container, designed to be inserted into drill holes where they then cure to create a strong bond with surrounding materials.
The capsules offer advantages such as quick installation, high load-bearing capacity, and resistance to various environmental conditions. They are widely utilized for securing bolts, anchors, and other structural elements in challenging terrains and conditions.
The growing demand for infrastructure development projects globally drives the market, particularly in regions with extensive mining and construction activities. Key players in the market continuously innovate to enhance product performance, safety, and environmental sustainability, ensuring a competitive landscape for resin capsule solutions.
| Attributes | Key Insights |
|---|---|
| Market Estimated Size in 2024 | USD 1.3 billion |
| Projected Market Size in 2034 | USD 2.1 billion |
| Value-based CAGR from 2024 to 2034 | 5.2% |
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The scope for global resin capsule market insights expanded at a 7.2% CAGR between 2019 and 2023. The market is anticipated to develop at a CAGR of 5.2% over the forecast period from 2024 to 2034.
| Historical CAGR from 2019 to 2023 | 7.2% |
|---|---|
| Forecast CAGR from 2024 to 2034 | 5.2% |
Between 2019 and 2023, the global market experienced significant growth, with a CAGR of 7.2%. This growth was attributed to increasing infrastructure projects worldwide, particularly in the construction, mining, and tunneling sectors.
From 2024 to 2034, the market is projected to grow slightly slower, with a CAGR of 5.2%. Despite this deceleration, the market is expected to continue expanding due to infrastructure developments and the demand for reliable anchoring and reinforcement solutions.
Factors influencing this growth include technological advancements, environmental regulations, and the emergence of new applications for resin capsules.
| Attributes | Details |
|---|---|
| Restraints |
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Principal Consultant
The table highlights the CAGRs across five crucial countries, the United States, Japan, China, the United Kingdom, and South Korea. Japan emerges as a vibrant market poised for remarkable growth, projected to achieve a 6.5% CAGR by 2034.
Renowned for its commitment to innovation, Japan is a pivotal player across diverse industries, boasting a flourishing economic landscape characterized by ongoing advancement.
The substantial CAGR highlights a proactive stance in embracing and propelling advancements within the market, cementing its role as a significant contributor to the global industry. This underscores the dedication to sustainable practices, positioning it as a noteworthy force driving positive developments within the resin capsule sector on a global scale.
| Countries | CAGRs from 2024 to 2034 |
|---|---|
| The United States | 5.3% |
| Japan | 6.5% |
| China | 6.1% |
| The United Kingdom | 5.7% |
| South Korea | 6.3% |
Resin capsules are extensively used in the United States due to the vast construction industry, which demands reliable anchoring and reinforcement solutions for infrastructure projects such as bridges, highways, and buildings.
The mining sector in the United States relies on resin capsules for securing bolts and anchors in underground operations, further driving market demand.
The dedication to innovation and technological advancement fuels a robust market for resin capsules in Japan. With a strong focus on infrastructure development and earthquake-resistant construction, resin capsules are vital in securing structures and ensuring their stability in seismic-prone regions.
The thriving mining industry also contributes to the significant usage of resin capsules in underground operations.
The market in China experiences high demand due to the rapid urbanization and extensive construction activities. Resin capsules are widely used in the construction sector to anchor and reinforce structures, including high-rise buildings, bridges, and tunnels.
The flourishing mining industry relies on resin capsules for rock reinforcement and ground support in underground mines.
In the United Kingdom, resin capsules are predominantly used in construction and infrastructure. Focusing on sustainable development and infrastructure modernization projects, resin capsules ensure the structural integrity and safety of buildings, bridges, and tunnels.
The mining industry in the United Kingdom utilizes resin capsules for ground stabilization and reinforcement in underground operations.
The market benefits from the thriving construction industry and focuses on infrastructure development. Resin capsules are extensively used in South Korea for securing anchors and bolts in construction projects and for rock reinforcement and ground support in mining operations.
Investing in advanced technology and innovation further drives the adoption of resin capsules in various applications.
The table below overviews the resin capsule landscape based on catalyst type and resin type. Organic peroxide is projected to lead the catalyst type market at a 5.1% CAGR by 2034, while polyester in the resin type category is likely to expand at a CAGR of 5% by 2034.
Organic peroxides serve as catalysts in various chemical processes, driving demand from industries such as polymer manufacturing, plastics, and rubber. The versatility of polyester drives demand for polyester resins, positioning them as the leading category in the resin type market.
| Category | CAGRs from 2024 to 2034 |
|---|---|
| Organic Peroxide | 5.1% |
| Polyester | 5% |
Organic peroxide emerges as the frontrunner in the catalyst type segment, expected to achieve a solid 5.1% CAGR by 2034. This projection reflects the increasing demand for organic peroxides as catalysts in various industrial processes, particularly in polymer manufacturing, plastics, and rubber industries.
Organic peroxides are crucial in initiating and accelerating chemical reactions, making them indispensable components in producing resin capsules and other related products.
Polyester resin stands out in the resin type category, poised to expand at a CAGR of 5% by 2034. The versatility and wide-ranging applications across the automotive, construction, and electronics industries contribute to its steady growth trajectory.
With attributes like high strength, durability, and corrosion resistance, polyester resin finds extensive use in manufacturing fiberglass, coatings, laminates, and, notably, resin capsules. This sustained demand for polyester resin underscores its significance in shaping the market landscape over the forecast period.
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The competitive landscape is characterized by intense rivalry among key players striving to gain a significant market share. Companies engage in strategies such as product innovation, strategic partnerships, mergers, and acquisitions to strengthen their foothold in the market.
Manufacturers focus on expanding their geographical presence to tap into emerging markets with increasing infrastructure development activities. Moreover, competitive pricing strategies and quality assurance measures are crucial in differentiating products and attracting customers.
Key Market Developments
| Attributes | Details |
|---|---|
| Estimated Market Size in 2024 | USD 1.3 billion |
| Projected Market Valuation in 2034 | USD 2.1 billion |
| CAGR Share from 2024 to 2034 | 5.2% |
| Forecast Period | 2024 to 2034 |
| Historical Data Available for | 2019 to 2023 |
| Market Analysis | Value in USD billion |
| Key Regions Covered | North America; Latin America; Western Europe; Eastern Europe; South Asia and Pacific; East Asia; Middle East and Africa |
| Key Market Segments Covered | By Catalyst Type, By Resin Type, By End-use Industry, By Region |
| Key Countries Profiled | United States, Canada, Brazil, Mexico, Germany, United Kingdom, France, Spain, Italy, Poland, Russia, Czech Republic, Romania, India, Bangladesh, Australia, New Zealand, China, Japan, South Korea, GCC Countries, South Africa, Israel |
| Key Companies Profiled | 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 |
By 2024, the resin capsule landscape is anticipated to be valued at USD 1.3 billion.
The resin capsule market is projected to flourish at a CAGR of 5.2% from 2024 to 2034.
By 2034, the resin capsule market will generate USD 2.1 billion in value terms.
Polyester is anticipated to expand at 5% CAGR by 2034.
With a CAGR of 6.5%, Japan is expected to dominate the market for resin capsules.
1. Executive Summary
2. Market Overview
3. Market Background
4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034
5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Catalyst Type
5.1. Organic peroxide
5.2. Water-based
5.3. Oil-based
6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Resin Type
6.1. Polyester
6.2. Epoxy
6.3. Acrylic
6.4. Others
7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By End-use Industry
7.1. Construction
7.2. Mining
7.3. Manufacturing
7.4. Others
8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region
8.1. North America
8.2. Latin America
8.3. Western Europe
8.4. Eastern Europe
8.5. South Asia and Pacific
8.6. East Asia
8.7. Middle East and Africa
9. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
10. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
11. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
12. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
13. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
14. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
15. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
16. Key Countries Market Analysis
17. Market Structure Analysis
18. Competition Analysis
18.1. Sika AG
18.2. Barnes Group Inc.
18.3. Orica Limited
18.4. DYWIDAG-Systems International
18.5. Bohle AG
18.6. Rawlplug
18.7. Sormat OY
18.8. Arkema SA
18.9. Fischer Holding GmbH & CO.
18.10. Hexion Inc.
18.11. Koelner Rawlplug IP
19. Assumptions & Acronyms Used
20. Research Methodology
Chemicals & Materials
October 2022
REP-GB-154
250 pages
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Resin Capsule Market
