Resin Capsules Market By Catalyst Type (Oil-Based, Water Based, Organic Peroxides) By Resin Type (Acrylic, Epoxy, Polyesters, Others), and End-User (Construction, Mining, Manufacturing, Others) - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2018-2026
- Report code : CMI12825 |
- Industry :
Polymers and Resins
- To Be Published : Aug 2019 |
- Format :
Resin, catalyst, and other additives are packed in polythene tubes to form resin capsules. They are widely used as an anchoring medium in tunnel construction, civil engineering, and mining industries. The advantages of using resin capsules are fast anchorage to the surrounding strata, immediate transfer of high load, resistance from the lateral and horizontal strata movements by full column bonded bolts, provide rigidity and strength, seals dripping holes, wet and elimination of deterioration of hole, remains unaffected by fresh or sea water, mild alkalis, and mild acids, provides resistance to anchoring failure due to vibration or blasting, and are easy to install. The rapid industrialization and urbanization has increased the demand for resin capsules. The increasing use of resin capsules in construction and mining industry are the growth drivers for resin capsules market. Shorter shelf life and health hazard are some of the factors hindering the growth of the resin capsule market.
Resin Capsules-Market Taxonomy
On the basis of catalyst type, the global resin capsules market is segmented into:
- Oil-Based
- Water based
- Organic peroxides
On the basis of resin type, the global resin capsules market is segmented into:
- Acrylic
- Epoxy
- Polyester
- Others
On the basis of end user, the global resin capsules market is segmented into:
- Construction
- Mining
- Manufacturing
- Others
Polyester resin has the largest demand, owing to its superior properties such as UV resistance. The demand for resin capsule is largest in mining sector, however the demand in construction industry is rapidly increasing due to various infrastructure development programs.
Resin Capsules -Market Outlook
- Asia Pacific is the leading market for resin capsules, owing to high investments in construction and mining industries. Regions such as India, China, and Australia have mineral resources of zinc, copper, aluminum, coal, limestone, and other precious metals which boost the resin capsules market. The plan of Indian government to auction 280 mines in 2017-18 with expected mineral value of US$ 153.64, will further boost the market for resin capsules. Moreover, various investment plans such as US$ 83.2 million by Hindustan Zinc by 2018 and US$3.72 billion by NALCO by 2020 in India, will benefit the resin capsules market. The rapid infrastructure development in China, is also propelling the growth of the market.
- U.S. has a lucrative demand for resin capsules in mining and construction industry. The investments of around US$ 33 billion by Canada and US$ 1 trillion by USA on infrastructure development in 2017, will be contributing towards the growth of resin capsules market.
- The demand for resin capsules in Europe is expected to increase, owing to the infrastructure development and increasing mining industries.
- In Middle East and Latin America, the infrastructure projects such as US$ 200 billion as part of 2030 development plan in Qatar and US$ 70 million infrastructure development in Columbia will rise the demand for resin capsules. Furthermore, the mining activities in this region will cause the growth of the demand for resin capsules.
- Africa has rich mineral resource. The investments done by the African government and mining companies in mining sector, will propel the growth of resin capsules market.
Key Players in the Global Resins Capsules Market
The companies are adopting various growth strategies such as mergers and acquisitions to sustain their market positions. Some key players operating in the resin capsule market include Arkema SA, Barnes Group Inc., Bohle AG, DYWIDAG-Systems International, Fischer Holding GmbH & CO., Hexion Inc., Rawlplug, Orica Limited, Sika AG, and Sormat OY.
Research Methodology
Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:
- Primary Research (Trade Surveys and Experts Interviews)
- Desk Research
- Proprietor Data Analytics Model
In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.
Coherent Market Insights desk research is based on a principle set of research techniques:
- National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
- Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.
Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:
- Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
- Trade association, National and international media and trade press.
- Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
- Scientific journals, and other technical magazines and whitepapers.
Preliminary Data Mining
The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.
Data Standardization:
Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.
Coherent Statistical model
We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:
- Micro-economic indicators
- Macro-economic indicators
- Environmental indicators
- Socio-political indicators
- Technology indicators
Data Processing
Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.
Data Validation
This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:
- It provides first-hand information on the market dynamics, outlook, and growth parameters.
- Industry experts validates the estimates which helps the company to cement the on-going research study.
- Primary research includes online surveys, face-to face interviews, and telephonic interviews.
The primary research is conducted with the ecosystem players including, but not limited to:
- Raw Material Suppliers
- Manufacturers
- System Integrators
- Distributors
- End-users
Related Insights :
Share
Choose License Type
"How Can I Help You" ?
Finding it difficult to find the research that would cater to your business demands? Give us a chance to help you. One of our Research Consultants will connect to provide a customized solution.
[email protected]Key Benefits
Custom Research Solution
Talk to our research consultant to design an exclusive report as per your research needs.
Customer Fulfilment
We aim to fulfil client's research demands with tailored research solutions.
Quick Turnaround Time Reports
We aim to provide research studies in quickest turnaround time and in a much cost effective manner.
360-degree Approach
We cover each industry from supply and demand side with an aim to provide a most holistic research study.
Assured Quality
We strive to provide most accurate and reliable research findings in our research reports.