Dywidag-Systems International (Germany) and Sormat OY (Finland) are the Top Players in the Resin Capsules Market
MarketsandMarkets projects the resin capsules market to grow from USD 1,010.0 Million in 2017 to USD 1,256.2 Million by 2022, after growing at a CAGR of 4.46% from 2017. The resin capsules market is fairly competitive due to the presence of large players who have a strong foothold in the market. Fluctuations in the prices of raw materials have made a significant contribution to the overall slowdown in the resin capsule industry.
The resin capsules market witnessed several mergers & acquisitions by key players to expand their product & service portfolios and improve their distribution network through acquisitions. Expansion & divestures formed the second-most adopted key strategy by market players in order to expand their geographical reach to untapped markets and through the divestment of the non-profitable or non-core business units to utilize resources in core business areas. The increase in demand for resin capsules, coupled with high development in the infrastructural construction growth in emerging markets, has encouraged companies to adopt this strategy.
The global market for resin capsules is dominated by the presence of large players such as Sika AG (Switzerland), Orica Limited (Australia), Barnes Group Inc. (U.S.), DYWIDAG-Systems International (Germany), Rawlplug (Poland), Bohle AG (Germany), Sormat OY (Finland), Fischer Holding GmbH & CO. (Germany), Arkema SA (France), and Hexion Inc. (U.S.). These companies use various strategies such as mergers & acquisitions, expansions, new product launches, and partnerships to strengthen their position in the market. Mergers & acquisitions formed the most adopted strategy by players during the study period of the competitive landscape.
The year 2016 witnessed acquisitions in the resin capsules market by key players in order to expand their geographical footprint and improve the company’s distribution network through organic and inorganic growth strategies.
Dywidag-Systems International (Germany) acquired Jenmar Canada (U.S.), a provider of resin capsules to mining industry clients located all over the world. This acquisition was made with an objective to improve the company’s product portfolio, customer base, and technical expertise. It is focused on providing customized products to its customers, which gives the company a competitive edge.
Sormat OY (Finland), one of the top players in the resin capsule industry, aims to maintain its position in the market through expansions. In the last few years, Sormat OY has entered into various significant supply agreements, acquired companies, expanded production facilities, and launched new products to expand its presence in the resin capsules market. The company, in December 2012, announced its acquisition of Liebig (Ireland) to improve its heavy-duty anchor product range.
Related Reports:
Resin Capsules Market by Catalyst Type (Organic Peroxides, Oil-based, and Water-based), Resin Type (Polyester, Epoxy, and Acrylic), End-Use Industry (Mining, Construction, and Manufacturing), and Region - Global Forecast to 2022
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