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Global Resin Capsules Market to Reach $1.5 Billion by 2027
In the changed post COVID-19 business landscape, the global market for Resin Capsules estimated at US$1.1 Billion in the year 2020, is projected to reach a revised size of US$1.5 Billion by 2027, growing at a CAGR of 4.1% over the analysis period 2020-2027. Organic Peroxides, one of the segments analyzed in the report, is projected to record a 4.6% CAGR and reach US$696.6 Million by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Water-Based segment is readjusted to a revised 4% CAGR for the next 7-year period.

The U.S. Market is Estimated at $309.6 Million, While China is Forecast to Grow at 6.9% CAGR
The Resin Capsules market in the U.S. is estimated at US$309.6 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$295.3 Million by the year 2027 trailing a CAGR of 7% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.2% and 3.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 2.8% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$192.2 Million by the year 2027.



Oil-Based Segment to Record 3.5% CAGR
In the global Oil-Based segment, USA, Canada, Japan, China and Europe will drive the 3.5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$136.8 Million in the year 2020 will reach a projected size of US$172.2 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Latin America will expand at a 3.8% CAGR through the analysis period.