Besides the construction segment, India will also hold a significant share in mining sector that will in turn augment the growth of resin capsule market. India possesses 1,531 operating mines and produces over 95 minerals.
Selbyville, United States - August 9, 2019 /MarketersMedia/ —
Global Resin Capsule Market analysis mainly introduces the changing market dynamics in terms of covering all details inside analysis and opinion, volume and value market share by players, by regions, by product type, by consumers and their price change details, cost/revenue structure.
Increased demand from mining and construction sectors is expected to drive resin capsule market trends over 2019-2025. The growth of mining sector in APAC region with the contribution of India and China will help to expand resin capsule market size. The use of resins, such as acrylic, epoxy, polyester, in sectors like construction for flooring, roofing, etc., will also help augment the industry outlook over the forecast years.
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Growth drivers are
1. Substantial mining and quarrying activities across the globe
2. Increasing construction spending in Asia Pacific
Significantly growing construction industry is predicted to have positive influence on resin capsule market outlook due to comparatively very low setting time of resin. Construction is expected to be one of the most dynamic industrial sectors in the coming times. The volume of construction output is expected to grow by 85% to reach approximately $15.5 trillion worldwide by 2030, with three countries, China, India, and the U.S., leading the race and being responsible for 57% of worldwide growth. The use of resin capsules for anchoring bolts into concrete, roofing, flooring etc. will help to augment the resin capsule industry growth.
Besides the construction segment, India will also hold a significant share in mining sector that will in turn augment the growth of resin capsule market. India possesses 1,531 operating mines and produces over 95 minerals. The industry accounted for around 2.9% of the total gross value added (GVA) in 2017-18. India is forecast to become the second largest steel consumer by end of 2019 and per capita steel consumption is expected to rise from 69 kg to 160 kg by 2030.
Likewise, China also plays a significant role to increase the revenue share of resin capsule market by contributing to mining sector. China is the world’s largest producer of gold, coal, and most rare earth minerals. It is the world’s leading consumer of iron ore and thermal coal accounting for about 58% and 49% of global demand, respectively. Resin capsules are used in mining for roof and wall support bolting. Owing to the high mining output in Asia, over 50% share in resin capsule industry was reported by Asia Pacific in 2018 and is expected to grow with a CAGR of 5.7% over 2019-2025.
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The U.S. will also emerge to be a significant growth ground in the coming years, supporting resin capsule market expansion. In 2017, Mexico manufactured 4.3 million tons of the several resins, with PVC, HDPE, and PET accounting for up to over 50% of these resins. Even with the capacity of Mexico for resin production, a similar amount was imported from the U.S., reaching 4.2 million tons. U.S. exporters to Mexico participate in a market worth over $30 billion, with opportunities for the U.S. to consistently partake in the sale of resins, capital equipment, plastic parts, and plastic materials. Such a huge market and growing production and imports will help the U.S. resin capsule industry to expand its revenue share over 2019-2025.
Several resin capsule industry players have been undertaking strategies like mergers, collaborations, acquisitions etc. to expand their footprint across the globe. For instance, an adhesive resin and resin capsule provider company DSI Underground Australia recently announced that it has acquired the Fero Group (Fero).
The anti-corrosion products and services provider company serves the mining, oil and gas, civil, commercial, marine, residential, and industrial sectors. With the acquisition, DSI will be able to invest further in innovation and developments to continue driving effectiveness and safety across the mining sector. Such acquisitions will contribute to enhance resin capsules market share through mining sector.
Partial Chapter of the Table of Content:
Chapter 2. Executive Summary
2.1. Resin Capsule industry 360° synopsis, 2014 – 2025
2.1.1. Business trends
2.1.2. Product trends
2.1.3. Catalyst trends
2.1.4. Type trends
2.1.5. End-user trends
2.1.6. Regional trends
Chapter 3. Resin Capsule Industry Insights
3.1. Industry segmentation
3.2. Industry size and forecast, 2014 - 2025
3.3. Industry ecosystem analysis
3.3.1. Profit margin
3.3.2. Value addition
3.3.3. Distribution channel analysis
3.3.4. Vendor matrix
3.3.4.1. List of key raw materials manufacturers/suppliers
3.3.4.2. List of key manufacturers/distributors
3.3.4.3. List of key end-users
3.4. Innovation & sustainability
3.4.1. Patent analysis
3.4.2. Future trends
3.5. Industry impact forces
3.5.1. Growth drivers
3.5.1.1. Substantial mining and quarrying activities across the globe
3.5.1.2. Increasing construction spending in Asia Pacific
3.5.2. Industry pitfalls & challenges
3.5.2.1. Availability of low cost product substitute i.e. cement capsule
3.6. Regulatory landscape
3.6.1. U.S.
3.6.2. China
3.6.3. Europe
3.7. Growth potential analysis
3.8. Regional price trends
3.8.1. Cost structure analysis
3.8.1.1. R&D cost
3.8.1.2. Manufacturing & equipment cost
3.8.1.3. Raw material cost
3.8.1.4. Distribution cost
3.8.1.5. Operating cost
3.8.1.6. Miscellaneous cost
3.8.2. Price by product
3.8.3. Price by end-user
3.9. Competitive landscape, 2018
3.9.1. Company market share analysis, 2018
3.9.2. Brand analysis
3.9.3. Key stakeholders
3.9.4. Strategic dashboard
3.10. Porter’s analysis
3.10.1. Supplier application
3.10.2. Buyer application
3.10.3. Threat of new entrants
3.10.4. Threat of substitutes
3.10.5. Industry rivalry
3.11. PESTEL analysis
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With considerable contribution made towards the growth of global resin capsule industry by construction and mining sectors, Global Market Insights estimates resin capsule market share to surpass $1.07 billion by 2025.
Contact Info:
Name: Arun Hedge
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Organization: Global Market Insights, Inc.
Website: https://www.gminsights.com/industry-analysis/resin-capsule-market
Source: MarketersMedia
Release ID: 88906193
