Resin Capsules Market size is forecast to reach $1440.40 million by 2025, after growing at a CAGR of 4.46% during 2020-2025. Resin capsules are resin, catalyst and other additives packed in polythene tubes, which are commonly used in civil engineering, tunnel construction and mining industries as an anchoring medium. On the other hand, resin casting is a method of plastic casting where a mold is filled with a liquid synthetic resin, which then hardens. It is primarily used for small-scale production like dentistry and industrial prototypes. Resin capsules comprises various types of thermosetting polymers or synthetic resins and catalyst components packed in a cartridge/capsule form.
Asia-Pacific is expected to dominate the global market during the forecast period, due to rapidly growing mining industry in countries such as China, India and others.
By end-user industry, mining is expected to witness the highest demand for resin capsules market during the forecast period.
The rise in demand for high-quality minerals is expected to contribute significantly to the growth of the mining industry, which in turn is boosting the resin capsules market growth.
Increasing applications of resin capsules in the strata reinforcement function play a critical role in fostering its demand in emerging countries.
Request for Sample of the Report @ https://www.industryarc.com/pdfdownload.php?id=500244
Geography- Segment Analysis
Asia Pacific dominated the resin capsules market with a share of more than 41.56%, followed by North America and Europe. This is primarily because of higher demand from the construction and mining sector in countries like China, India, Indonesia and others. Increase in population, urbanization, and industrialization has boosted the growth of the building & construction industry. The demand for the strengthening of concrete structures has resulted in an increased use of chemical bonded anchors, which in turn increased the usage of resin capsules. Hence, growing construction and mining industries in these regions is expected to boost the resin capsules market. For instance, according to the Australian Bureau of Statistics (ABS) Australian mining output from past several years is growing with a CAGR near to 3%.
Drivers – Resin Capsules Market
Increasing applications of resin capsules in the mining industry
Major players in the resin capsules market are Sika AG, Orica Limited, Barnes Group, DYWIDAG-Systems International, Rawlplug, Bohle AG, Sormat OY, Fischer Holding GmbH & CO., Liebig., and Hexion Inc. among others.
About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to firstname.lastname@example.org to discuss more about our consulting services.