Global Resin Capsules Market, By Resin Type (Polyester, Acrylic, Epoxy and others), By Catalyst Type (Organic Peroxides, Water-Based and Oil-Based), By Diameter (Up to 20 mm, 21-30 mm, 31-40 mm above 40 mm), By End-Use Industry (Mining, Manufacturing, Construction and Others), By Company and By Geography, Forecast & Opportunities, 2021-2031F

Forecast Period	2027-2031
Market Size (2025)	USD 1.52 Billion
CAGR (2026-2031)	5.78%
Fastest Growing Segment	Polyester
Largest Market	North America
Market Size (2031)	USD 2.13 Billion

Market Overview

The Global Resin Capsules Market will grow from USD 1.52 Billion in 2025 to USD 2.13 Billion by 2031 at a 5.78% CAGR. Resin capsules are specialized two-component chemical anchoring systems comprising a resin and a catalyst housed within a sealed glass or plastic tube, designed primarily to secure rock bolts for ground stabilization in mining and tunneling operations. The growth of this market is fundamentally driven by the escalating necessity for robust strata control in deep underground excavations and the rigorous enforcement of occupational safety regulations across the global extraction industries. Additionally, substantial capital allocation toward civil infrastructure development, specifically in the construction of subterranean transportation networks and hydropower tunnels, continues to provide a strong structural foundation for market expansion.

Despite the positive demand trajectory, the industry faces a significant challenge regarding the volatility of raw material costs, particularly for polyester and epoxy resins, which can unpredictably impact manufacturing expenses and profit margins. This economic pressure persists alongside sustained requirements from heavy industry sectors. According to the International Energy Agency, in 2024, global coal demand was projected to reach approximately 8.74 billion tonnes, indicating a continued and massive scale of mining activity that necessitates consistent supplies of rock reinforcement technologies.

Key Market Drivers

The expansion of underground mining and excavation activities acts as the foremost driver for the resin capsules industry. As operators access deeper mineral deposits, geological stress increases, necessitating high-performance rock reinforcement to prevent tunnel collapse. Resin capsules provide the essential immediate load-bearing capacity and corrosion resistance required for these hostile environments. This demand is quantified by rising extraction volumes; according to the Ministry of Coal, April 2024, in the 'Monthly Summary for the Cabinet', India's total coal and lignite production exceeded 1 billion tonnes in the 2023-24 fiscal year. Such intensification of activity is supported by heavy investment from industry leaders. According to BHP, in 2024, the company reported a total capital and exploration expenditure of USD 9.3 billion, ensuring the continued development of large-scale operations that consume these safety consumables.

Simultaneously, a surge in tunneling projects for transit and hydroelectric power is propelling market growth within civil construction. Urbanization is compelling governments to develop subterranean transportation networks and energy tunnels, where resin capsules are critical for anchoring liners and machinery. These infrastructure initiatives provide a stable revenue stream distinct from the cyclical mining industry. Validating this trend, according to Webuild S.p.A., March 2024, in the 'FY 2023 Results Presentation', the group achieved a record total order backlog of EUR 64 billion, driven largely by complex underground rail and hydroelectric projects. This massive pipeline of heavy civil works underscores the long-term reliance on chemical anchoring systems for structural stability in non-mining sectors.

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Key Market Challenges

The primary challenge hampering the growth of the Global Resin Capsules Market is the significant volatility associated with raw material costs, specifically for polyester and epoxy resins. These essential chemical components are derived from petrochemical feedstocks, making their pricing structures highly sensitive to fluctuations in global crude oil and natural gas markets. Manufacturers of resin capsules typically operate on tight margins and long-term contracts with mining and infrastructure clients. When upstream commodity prices surge unexpectedly, producers face a difficult financial environment where production expenses outpace revenue projections, causing severe margin compression and making consistent pricing strategies difficult to maintain.

This instability in input costs creates substantial uncertainty for manufacturers, often forcing them to delay capacity expansions or absorb financial losses. The extent of this cost pressure is evident in recent industrial data regarding chemical feedstocks. According to the Verband der Chemischen Industrie (VCI), in the second quarter of 2024, the price of naphtha—a crucial precursor for synthetic resin production—averaged nearly 620 euros per tonne, representing a 10 percent increase compared to the previous year. Such erratic shifts in expenditure directly undermine the financial stability required for sustained market growth and supply chain reliability.

Key Market Trends

The integration of resin capsules with automated rock bolting systems is aggressively reshaping the market by replacing hazardous manual installation with fully mechanized workflows. Mining operators are increasingly deploying autonomous rigs that precisely inject resin and insert bolts, significantly reducing cycle times and eliminating operator exposure to unstable ground. This technological shift is substantiated by substantial capital outlays for advanced machinery explicitly designed for mechanized chemical anchoring. According to Sandvik AB, July 2024, in the press release 'Sandvik wins major order for underground mining equipment in Portugal', the company secured a contract valued at approximately SEK 340 million that included the delivery of DS411 rock bolters, confirming the robust industrial demand for automated strata reinforcement solutions.

Simultaneously, the industry is witnessing a decisive shift toward eco-friendly resin formulations driven by stringent environmental, social, and governance (ESG) mandates. Manufacturers are reformulating chemical anchors to minimize volatile organic compounds and lower the carbon footprint of underground consumables, aligning with the net-zero targets of major extraction companies. This transition to sustainable chemical inputs is quantified by the aggressive decarbonization results of leading suppliers who provide these critical safety products. According to Orica Limited, November 2024, in the 'Annual Report 2024', the company reported achieving a 43 percent reduction in global net Scope 1 and 2 greenhouse gas emissions from its 2019 baseline, illustrating the sector-wide impetus to adopt low-impact technologies and greener supply chains.

Segmental Insights

The Polyester segment is establishing itself as the fastest growing category in the Global Resin Capsules Market due to its superior cost efficiency and rapid setting capabilities. Mining and infrastructure sectors increasingly prioritize polyester capsules for rock bolting because they offer reliable strata reinforcement at a lower price point compared to epoxy alternatives. This material is particularly favored in high volume underground excavation projects where quick installation and immediate load bearing capacity are essential for operational safety. Consequently, the demand for polyester capsules continues to rise as operators seek to optimize expenses without compromising structural integrity.

Regional Insights

North America holds a dominant position in the Global Resin Capsules Market, primarily driven by the robust expansion of the mining and construction sectors. This regional leadership is significantly reinforced by stringent safety regulations enforced by the Mine Safety and Health Administration (MSHA), which necessitate reliable ground support systems in underground operations. These regulatory standards ensure a consistent demand for resin capsules to provide structural stability in tunnels and mines. Additionally, substantial government investment in infrastructure projects across the United States and Canada further sustains the market, solidifying North America’s status as the leading region.

Recent Developments

• In July 2025, Jennmar announced the acquisition of Weber Mining & Tunnelling SAS, a specialized manufacturer of resins and foams headquartered in France. The transaction included Weber’s manufacturing facilities in France and Poland, as well as its sales and distribution networks in Turkey, Australia, and Mexico. This acquisition significantly expanded Jennmar’s international footprint and added a patented line of resin products to its global portfolio, directly supporting the growing demand for hard rock mining solutions. The deal allowed Jennmar to leverage Weber’s technical expertise to accelerate the availability of advanced chemical ground support systems worldwide.
• In March 2025, Minova announced the completion of its acquisition of Platipus Anchors, a leading designer and manufacturer of earth anchoring systems. This transaction was part of the company's broader strategy to diversify its ground support offerings and reinforce its position in the geotechnical and infrastructure markets. The addition of Platipus Anchors’ specialized technology allowed Minova to extend its capabilities beyond traditional mining applications, offering enhanced solutions for slope stabilization and civil engineering projects. This acquisition demonstrated Minova's continued investment in broadening its technical portfolio and expanding its global footprint in the ground engineering sector.
• In September 2024, Sandvik Mining and Rock Solutions launched a new styrene-free resin capsule at MINExpo International in Las Vegas. The company introduced the Fasloc SF Styrene-Free resin capsule, which was developed to improve safety in underground environments by eliminating styrene while ensuring high performance and simplified installation. This product launch was accompanied by the release of the latest generation of the Automatic Resin Injection (ARI) system, which integrates with intelligent rock bolters to automate the loading and injection of resin cartridges. This comprehensive solution was designed to enhance productivity and safety in ground support operations.
• In August 2024, Minova acquired Itabolt, a manufacturer specializing in roof support bolts for the underground mining industry in Brazil. This strategic acquisition was intended to strengthen Minova’s presence in the Latin American market and expand its share in the emerging global metals sectors across Brazil, Peru, Chile, and Colombia. By integrating Itabolt’s local manufacturing capabilities and product lines, Minova aimed to offer a more complete portfolio of ground support solutions, including bolting systems that complement its existing resin and grouting offerings. The move underscored Minova's commitment to regional expansion and operational growth.

Key Market Players

• Dywidag-Systems International
• Sika AG
• Bohle AG
• Fosroc
• Kunal Conchem
• Multifix
• Laxmi Industries
• Hexion Inc.
• Orica Limited
• Barnes Group Inc.

By Resin Type	By Catalyst Type	By Diameter	By End-Use Industry	By Region
Polyester Acrylic Epoxy and others	Organic Peroxides Water-Based and Oil-Based	Up to 20 mm 21-30 mm 31-40 mm above 40 mm	Mining Manufacturing Construction and Others	North America Europe Asia Pacific South America Middle East & Africa

Report Scope:

In this report, the Global Resin Capsules Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

• Resin Capsules Market, By Resin Type:

• Polyester
• Acrylic
• Epoxy and others

• Resin Capsules Market, By Catalyst Type:

• Organic Peroxides
• Water-Based and Oil-Based

• Resin Capsules Market, By Diameter:

• Up to 20 mm
• 21-30 mm
• 31-40 mm above 40 mm

• Resin Capsules Market, By End-Use Industry:

• Mining
• Manufacturing
• Construction and Others

• Resin Capsules Market, By Region:

• North America
• United States
• Canada
• Mexico
• Europe
• France
• United Kingdom
• Italy
• Germany
• Spain
• Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• South America
• Brazil
• Argentina
• Colombia
• Middle East & Africa
• South Africa
• Saudi Arabia
• UAE