Press release
Resin Capsules Market to See Incredible Growth During 2024 - 2031 | Arkema SA, Barnes Group Inc., Bohle AG
Resin Capsules Market
Resin capsules, also known as anchoring capsules, are used in construction applications to anchor bolts, rods, and rebar in concrete structures. They contain epoxy or polyester resin that hardens when activated to fix the metal fasteners inside hardened concrete.
Market Dynamics:
The resin capsules market is expected to grow at a CAGR of 5% during the forecast period, driven by growing construction activities around the world and rising demand for anchored fasteners in concrete structures. Resin capsules provide permanent anchoring of bolts and rods during concrete casting compared to alternative temporary fixing methods. They improve load transfer capacity between embedded metal fasteners and concrete structures. Furthermore, better performance qualities such as high bonding strength and corrosion resistance of modern resins used in capsules enhance their adoption across commercial and industrial construction projects.
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Major Market Drivers Behind Increased Demand for Resin Capsules
Rising Usage of Resin Capsules in Construction Industry
The construction industry has been witnessing significant growth over the past few years. Resin capsules find extensive usage in new construction as well as repair and rehabilitation activities. They help in grouting and anchoring of rebars, bolts, dowels and slotted inserts in concrete structures. Owing to increase in infrastructure development projects worldwide, consumption of resin capsules is projected to rise steadily in the coming years.
Notable Market Opportunity for Resin Capsules Suppliers
Increasing Uptake in Wind Turbine Installation and MRO Services
With rising focus on renewable energy sources, installation of wind turbines is increasing at a brisk pace worldwide. Resin capsules play an important role in anchoring and grouting of wind turbine components such as towers, rotor hubs and blades. They are also used extensively in maintenance, repair and overhaul (MRO) activities of installed wind farms. This presents a lucrative opportunity for resin capsules suppliers to tap into the fast growing wind energy market.
Significant Market Trend Favoring Resin Capsules Producers
Growing Prominence of Self-Curing Resin Capsules
Earlier, resin capsules required adding a hardener separately which led to wastage in case of incorrect mixing. However, technological advancements have led to the development of innovative self-curing resin capsules that cure on their own after application without addition of hardeners. This single component system ensures better handling convenience and higher productivity. Self-curing resin capsules are anticipated to gain more prominence going forward and drive the global market.
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Top Companies Featured in This Report:
★ Arkema SA
★ Barnes Group Inc.
★ Bohle AG
★ DYWIDAG-Systems International
★ Fischer Holding GmbH & CO.
★ Hexion Inc.
★ Rawlplug
★ Orica Limited
★ Sika AG
★ Sormat OY.
Market Segmentation:
By Product Type:
★ Oil-Based
★ Water based
★ Organic peroxides
★ Acrylic
★ Epoxy
★ Polyester
★ Construction
★ Mining
★ Manufacturing
★ Others
By Applications:
★
Key Regions/Countries Classified as Follows:
» North America (U.S., Canada, Mexico)
» Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
» Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
» South America (Brazil, Argentina, Rest of SA)
» Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
Trends in Navigation Keyword Market:
Market Growth: Expect significant expansion in the navigation keyword market, with a projected Compound Annual Growth Rate (CAGR) of 14.65% from 2024 to 2031.
Increasing Demand: Notice a surge in demand for navigation keywords due to the widespread adoption of GPS-enabled devices and the need for precise mapping data.
Technological Innovations: Witness innovative breakthroughs enhancing the accuracy and reliability of navigation keywords, such as real-time traffic updates, 3D mapping, and augmented reality.
Tailored Solutions: Explore industry-specific navigation keyword solutions designed to meet the unique needs of automotive, aviation, and maritime sectors.
Integration with Advanced Technologies: Embrace the integration of navigation keywords with cutting-edge technologies like artificial intelligence and the Internet of Things, unlocking advanced functionalities.
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Environmental Sustainability: Embrace environmentally conscious navigation keyword solutions that address issues like traffic congestion and air quality, promoting sustainable transportation options.
Report Highlights:
📈 Examination of navigation keyword market share at both country and regional levels
📈 Thorough analysis of the competitive landscape and emerging trends
📈 Detailed review of product advancements, technological developments, drivers, and limitations
📈 Strategic recommendations tailored for key business segments based on market insights
📈 Valuable guidance for newcomers venturing into the navigation keyword market
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Author Bio:
Alice Mutum is a seasoned senior content editor at Coherent Market Insights, leveraging extensive expertise gained from her previous role as a content writer. With seven years in content development, Alice masterfully employs SEO best practices and cutting-edge digital marketing strategies to craft high-ranking, impactful content. As an editor, she meticulously ensures flawless grammar and punctuation, precise data accuracy, and perfect alignment with audience needs in every research report. Alice's dedication to excellence and her strategic approach to content make her an invaluable asset in the world of market insights.
(LinkedIn: https://www.linkedin.com/in/alice-mutum-3b247b137 )
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