Global Market Insights Inc., estimates that global resin capsule market size will be worth more than US$1.07 billion by 2025, with robust demand across mining, construction, oil & gas, and manufacturing industries. The product demand, however, may be slightly affected by the availability of low-cost alternatives such as cement capsules.
Resin capsules market are a tried and tested solution across a range of diverse applications for supporting high loads in concrete expansion. These are extensively used to fix rock bolts, wooden dowels or anchor bolts with complete column grout for strata control at mining and tunneling sites to eliminate the risk of roof falls. Resin capsules offer several advantages such as permanent anchorage, rapid high-strength development, controlled setting time, and superior resistance to vibrations as well as corrosion, which makes them preferable for use in mines, tunnels, and dam construction.
Fischer Group, Sika Ag, Mungo, DSI Underground, Hightech Mining, Buildtech Products, Jennmar Corporation, Hilti, Minova, Befestigungstechnik AG, and Sormat Oy are a few notable resin capsule manufacturers and suppliers.
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Stringent worker safety regulations in the mining industry
The mining industry is one of the largest end-users or resin capsules. These are used for easy installation of roof support and to reduce the possibility of human errors. Growth in the global mining industry in the near future and the presence of strict regulatory frameworks pertaining to worker safety will boost the consumption of resin capsules.
In July 2019, the government of Queensland had appointed additional mines inspectors to reduce tragedies related to mining and quarrying. Mines and quarries within the state had implemented a safety reset in the following months for discussions between the management, union representatives, and the operational staff on potential risks and safe practices.
This move by the Queensland government was followed by two independent reviews investigating the potential causes of worker deaths over the past couple of decades, while also looking into the effectiveness existing health and safety regulations. Similar moves from government and regulatory bodies across the globe and tightening legislation will undeniably encourage the installation of resin capsules market in the near future.
Polyester resin capsules are used extensively in underground coal mining industries worldwide, where rock bolts are used as a primary support. As a result, polyester resin capsule anchored rock bolts are rapidly gaining acceptance in the underground metalliferous mining industry.
Minova Australia had launched a new line of polyester resin capsules called Lokset in September 2019. It included a 12-month shelf life resin capsule Lokset Advance to deliver improved efficiency, and lower storage, waste, and disposal.
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Strong potential in advanced plastics manufacturing
A revolution in biodegradable plastic manufacturing technologies could completely reshape the way manufacturers manage harmful materials, while having a sustainable impact on the environment. Aquapak, a leader in plastic technology, developed a new innovative polymer resin capsule market called Hydropol in May 2020. The product is unlike most other plastic materials used in myriad industries today that fully decomposes in water at a specific temperature range, considerably minimizing the risk for biological systems.
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