NEW YORK, Aug. 14, 2017 /PRNewswire/ --
"Resin capsules market to grow at a CAGR of 4.46% between 2017 and 2022"
The resin capsules market size is projected to grow at a CAGR of 4.46% during the forecast period and reach USD 1,256.2 million by 2022. The resin capsules market has generally been characterized by the rise in prices and increase in competition from producers in less developed countries, especially China, which has been aggressively manufacturing and exporting resin capsules. Continuous changes in the landscape of resins employed in the manufacture of resin capsules have shifted the focus of market players toward constant innovations in technologies that can ensure the beneficiation. Advancements in terms of product innovations and technologies are expected to create strong investment opportunities for resin capsule manufacturers. Fluctuations in the prices of raw materials used in resin capsules are expected to be the major restraint for market players, whereas shorter shelf-life of resin capsules is expected to pose a challenge to the growth of the market during the forecast period.
"The polyester segment accounted for the largest share in the resin capsules market in 2016"
The polyester dominated the resin capsules market in 2016 and is projected to retain the leading position through 2022. This can be attributed to the high demand from the mining and construction industries, owing to reasons such as price efficiency, performance, and in particular, their superior UV resistance in comparison to other resin types.
"The mining industry accounted for a considerably higher market share in the resin capsules market"
The resin capsules market has been segmented on the basis of end-use industry—mining, construction, manufacturing, and others (oil & gas and marine). The mining industry led the market for resin capsules in 2016; however, the construction industry is projected to grow at the highest CAGR from 2017 to 2022. Continuous demand for minerals and rare earth metals has propelled the growth mining activities, which drives the demand of resin capsules. The mining industry utilizes resin capsules for rock bolting and cable bolting. It also uses resin capsules to support roofs and sidewalls in underground excavations.
"Asia-Pacific to witness the fastest growth during the forecast period"
The Asia-Pacific region is projected to register the highest CAGR, globally, between 2017 and 2022. China was the largest market for resin capsules in the Asia-Pacific region, in 2016. The Chinese market is projected to grow at the highest CAGR during the forecast period. The rapid expansion of economies in this region is driving the growth of the mining industry. As a result, the mining capacity of various metals and minerals is increasing, thereby boosting the demand for resin capsule.
Breakdown of Primaries
By Company Type: Tier 1 - 33% and Tier 2 - 67%
By Designation: C Level - 33%, D Level - 50%, and Others - 17%
By Region: North America - 22%, Europe - 25%, Asia-Pacific - 10%, South America - 15%, and Middle East & Africa - 28%
Note: The tier of the companies is defined on the basis of their total revenue, as of 2016.Tier 1: Revenue > USD 500 million; Tier 2: USD 100 million < Revenue < USD 500 million
The various key players profiled in the report are as follows:
1. Sika AG (Switzerland)
2. Orica Limited (Australia)
3. Barnes Group Inc. (U.S.)
4. DYWIDAG-Systems International (Germany)
5. Rawlplug (Poland)
6. Bohle AG (Germany)
7. Sormat OY (Finland)
8. Fischer Holding GmbH & CO. (Germany)
9. Arkema SA (France)
10. Hexion Inc. (U.S.).
The primary objective of the study is to define, segment, and project the global in resin capsules market on the basis of catalyst type, resin type, end-use industry, and region. The study aims at strategically analyzing micro markets with respect to individual growth trends, future prospects, and their contribution to the total market. It also provides detailed information about the main factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges). In addition to this, the study analyzes competitive developments such as mergers & acquisitions, expansions, new product launches, and research & development activities in the Resin capsules market.
Reasons to buy the report
The report will help the market leaders/new entrants in this market in the following ways:
1. This report comprehensively segments the resin capsules market and provides the closest approximations of the revenue numbers for the overall market and the sub segments across the different verticals and regions.
2. The report helps stakeholders to understand the market and provides them information on key market drivers, restraints, opportunities, and challenges.
3. This report aims to help stakeholders to better understand their competitors and gain more insights into their position in the business. The competitive landscape section includes mergers & acquisitions, expansions, and new product launches.
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