Resin Capsules Market By Catalyst Type, Resin Type, and End-User
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.
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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.
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.
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