Global Resin Capsules Market to Surpass USD 1.25 Bn by 2022, Forecasts M&M in Its New Report Recently Uploaded at MarketPublishers.com
01 Sep 2017 • by Natalie Aster
LONDON – Today, the resin capsules market is characterised by the hike in prices and intensifying competition from producers from emerging countries (particularly China). Continuous changes in the raw materials sector have encouraged manufacturers of resin capsules to shift the focus toward constant innovations in technologies that can boost revenues and ensure remarkable benefits. However, fluctuations in raw materials prices is considered to be the major market growth restraint.
By the end of 2022, the worldwide resin capsules market is likely to go beyond USD 1.25 billion in terms of value, exhibiting growth at a 4.4% CAGR over 2017-2022.
The polyester sector is anticipated to maintain the leading position in the overall resin capsules market through 2022. Growth in this sector is spurred by high demand from the mining and construction industries and also unique features of this type of resin.
As of 2016, the mining industry was the top consumer of resin capsules; however, the highest growth rates in the coming years are anticipated in the construction application sector.
The APAC resin capsules market is projected to increase at the most rapid pace through 2022 if compared with other regional markets. The major share of this regional market belongs to China. This country market is also predicted to be the key growth engine of the APAC resin capsules market through 2022.
The cutting-edge report “Resin Capsules Market by Catalyst Type, Resin Type, End-Use Industry and Region - Global Forecast to 2022” prepared by MarketsandMarkets (M&M) is a reliable source of top-quality updated data on the market performance at different geographical levels. This publication includes relevant data on the market landscape, dynamics, segmentation, key growth limiters and drivers, prevailing trends, and emerging threats and opportunities. Moreover, the report features the market structure, covers the competitive landscape, includes profiles of the top players and discloses market future forecasts up till 2022.
Many other new market research studies by M&M are available in the publisher’s catalogue at MarketPublishers.com.