[Research Report] The composite rollers market size is expected to grow from US$ 177.42 million in 2022 to US$ 263.18 million by 2030; it is estimated to register a CAGR of 5.1% from 2022 to 2030.
Market Insights and Analyst View:
The global composite rollers market is experiencing a significant surge in demand due to the increasing need for lightweight and durable materials across various industries. Composite rollers are made from advanced materials such as carbon fiber, fiberglass, and Kevlar fiber, which offer high strength-to-weight ratios and resistance to corrosion and abrasion properties. They are widely used in conveyor systems, printing machines, laminating machines, and other industrial applications to ensure efficient material handling and transportation systems. The growing focus on sustainability and energy efficiency is expected to further drive the demand for composite rollers worldwide.
Growth Drivers and Challenges:
Composite rollers are utilized in several industries, such as printing, textile, mining, and paper & pulp. These types of rollers are created by using raw materials, including carbon and glass fibers, resins, and coatings, using different technologies. The constant evolution, mainly in the case of industrial machinery, is correlated to easy handling, lower consumption of energy, and lightweight. Such a scenario further opens new prospects for the utilization of composite materials throughout many industrial sectors. Composite rollers find applications in specific areas in mines, such as small and large machinery; hence, the rising mining and exploration activities are expected to boost the demand for these rollers, thereby boosting the composite rollers market growth. The expanding use of composite rollers in the pulp & paper industry is stimulating the global composite rollers market growth. The composite rollers are highly used in the pulp & paper industry as they provide excellent strength, decrease vibration and noise, low inertia, and low electricity consumption. In the paper & pulp industry, composite rollers are used for applications such as paper guide rollers, guide rollers for screens or felts, rollers for the dryer section, shaken breast rollers, and calendar guide rollers. However, the factor hampering the global composite rollers market growth is the growing environmental concern about the recycling of carbon and glass fiber composites. The growing use of carbon and glass fiber composite products has increased awareness about their waste disposal. The widespread usage of composite materials caused a massive rise in trash generation. The growing concern about recycling these composite wastes cost-effectively without causing a negative environmental impact is increasing.
Customize This Report To Suit Your Requirement
You will get customization on any report - free of charge - including parts of this report, or country-level analysis, Excel Data pack, as well as avail great offers and discounts for start-ups & universities
- Get Top Key Market Trends of this report.This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.
Customize This Report To Suit Your Requirement
You will get customization on any report - free of charge - including parts of this report, or country-level analysis, Excel Data pack, as well as avail great offers and discounts for start-ups & universities
- Get Top Key Market Trends of this report.This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.
Report Segmentation and Scope:
The “Global Composite Rollers Market” is segmented on the basis of fiber type, resin type, end use, and geography. Based on fiber type, the composite rollers market is segmented into carbon, glass, and others. The carbon segment is further broken down into PAN based and pitch based. The composite rollers market is segmented based on resin type into thermoset and thermoplastic. The thermoset segment is further broken down into epoxy, polyurethane, and others. The thermoplastic segment is further broken down into polyethylene, polypropylene, poly vinyl chloride, and others. The composite rollers market is segmented based on end use into mining, paper and pulp, textile, film and foil, printing, and others. The composite rollers market based on geography is segmented into North America (the US, Canada, and Mexico), Europe (Germany, France, Italy, the UK, Russia, and the Rest of Europe), Asia Pacific (Australia, China, Japan, India, South Korea, and the Rest of Asia Pacific), Middle East & Africa (South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa), and South & Central America (Brazil, Argentina, and the Rest of South & Central America).
Segmental Analysis:
Based on fiber type, the composite rollers market is segmented into carbon, glass, and others. The carbon segment held a significant share in the composite rollers market and is expected to register considerable growth during the forecast period. Carbon fiber is a long, thin strand of material composed of carbon atoms. These fibers offer high tensile strength coupled with high-temperature tolerance and durability. Carbon fibers possess higher stiffness and strength, excellent corrosion resistance, and longer lifespans than other materials, such as aluminum and steel. Hence, these fibers find broader applications in various end-use industries. These fibers are rigid and chemically inert, which makes them challenging to compress as well as to stretch. They are used in several end-use industries such as mining, textile, pulp & paper, aerospace & defense, automotive, and construction.
Regional Analysis:
Based on geography, the composite rollers market is divided into five key regions: North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa. The global composite rollers market was dominated by Asia Pacific, which accounted for over US$ 80 million in 2022. North America is a second major contributor, expected to account for more than 20% of the global composite rollers market share in 2028. Europe is expected to register significant growth rate of over 4% from 2022 to 2030 . The Europe composite rollers market is segmented into Germany, France, Italy, the UK, Russia, and the Rest of Europe. Countries such as the UK, Germany, and Russia have been witnessing significant growth in the implementation of technologically advanced solutions. Mining, textile, and pulp & paper are among the other industries flourishing in the region and subsequently bolstering the composite rollers market growth. In the case of mining activities, Russia holds a significant position in the world, and in the mining industry, these composite rollers are gaining popularity. The textile industry is also a strong contributor to the rising demand for composite rollers in Europe.
Industry Developments and Future Opportunities:
Various initiatives taken by the key players operating in the composite rollers market are listed below:
- In 2023, Rulmeca introduced the new Rulmeca composite roller. The newly launched product is a nonmetallic roller designed for bulk-handling conveyors.
- In 2021, Pronexos launched a new range of wear-resistant composite coatings, Tonex, that will offer customers new cost-effective options for carbon fiber-reinforced plastic (CFRP) roller applications.
- In 2021, Pronexos produced very long carbon fiber rollers for cruise ship theatres.
- In 2023, EPSILON Composite, a manufacturer of carbon fiber rollers, partnered with Packone Solutions for the promotion and distribution of its products in India, Sri Lanka, Nepal, and Bangladesh.
- In 2022, Double E Company LLC acquired Daven Manufacturing LLC. With this acquisition, Double E Company LLC plans to broaden its reach into the production of floor, continuing its mission to deliver productivity and safety solutions that solve operational challenges throughout the converting industry.
Composite Rollers Market Regional Insights
Composite Rollers Market Regional Insights
The regional trends and factors influencing the Composite Rollers Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Composite Rollers Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
- Get the Regional Specific Data for Composite Rollers Market
Composite Rollers Market Market Report Scope
Report Attribute | Details |
---|---|
Market size in 2022 | US$ 177.42 Million |
Market Size by 2030 | US$ 263.18 Million |
Global CAGR (2022 - 2030) | 5.1% |
Historical Data | 2020-2021 |
Forecast period | 2023-2030 |
Segments Covered |
By Fiber Type
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
Market Players Density: Understanding Its Impact on Business Dynamics
The Composite Rollers Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Composite Rollers Market are:
- Dongguan Precision Converting Transmission Co Ltd
- Pronexos BV
- Composite Conveyor Equipment Co
- Carbon Light Pvt Ltd
- PROK Pty Ltd
Disclaimer: The companies listed above are not ranked in any particular order.
- Get the Composite Rollers Market top key players overview
COVID-19 Impact:
The COVID-19 pandemic affected almost all industries in various countries. Lockdowns, travel restrictions, and business shutdowns in North America, Europe, Asia Pacific (APAC), South & Central America (SAM), and the Middle East & Africa (MEA) hindered the growth of several industries, including the chemicals & materials industry. The shutdown of manufacturing units of composite rollers companies disturbed global supply chains, manufacturing activities, and delivery schedules. Various companies witnessed delays in product deliveries and a slump in sales of their products in 2020.
Several industries are coming on track as supply constraints affecting these industries are resolving gradually. Moreover, the rising demand for composite rollers from film & foil, printing, textile, and mining industries is substantially promoting the composite rollers market growth.
Competitive Landscape and Key Companies:
Dongguan Precision Converting Transmission Co Ltd, Pronexos BV, Composite Conveyor Equipment Co, Carbon Light Pvt Ltd, PROK Pty Ltd, ADENTE Advanced Engineering Technologies, Lorbrand (Pty) Ltd, Double E Co LLC, HAHL GmbH, and Rossini SpA are among a few players operating in the global composite rollers market. Players operating in the global composite rollers market focus on providing high-quality products to fulfil customer demand.
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
- Excel Dataset
- Hydrogen Storage Alloys Market
- Nuclear Decommissioning Services Market
- Authentication and Brand Protection Market
- Mice Model Market
- Excimer & Femtosecond Ophthalmic Lasers Market
- Smart Water Metering Market
- Sports Technology Market
- Online Recruitment Market
- Oxy-fuel Combustion Technology Market
- Small Satellite Market
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Fiber Type, Resin Type, End Use, and Geography
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
The projected growth of the market is attributed to the increasing use of composites rollers in several end-use industries and rising demand for lightweight and corrosion resistant rollers.
The key players operating in the global composite rollers market include Dongguan Precision Converting Transmission Co Ltd; Pronexos BV; Composite Conveyor Equipment Co; Carbon Light Pvt Ltd; PROK Pty Ltd; ADENTE Advanced Engineering Technologies; Lorbrand (Pty) Ltd; Double E Co LLC; HAHL GmbH; Rossini SpA; Fritz Schafer GmbH & Co KG; B&T Composites SA; EPSILON Composite SA; INOMETA GmbH; Belle Banne Conveyor Products Pty Ltd; FWT Composites & Rolls GmbH; Beijing HaoSheng Transmission Technology Co Ltd among others.
The thermoplastic segment held the largest share of the global composite rollers market in 2022. Thermoplastic materials can further be molded into different shapes and structures, making them applicable in many end-use industries. Thermoplastic–matrix composites employed in many industries are frequently reinforced with E-glass fibers.
In 2022, Asia Pacific held the largest share of the global composite rollers market. Asia Pacific accounted for a significant share of the composite rollers market. The growth of the market in this region is attributed to the growing paper & pulp, textile, and mining industries.
The carbon segment held the largest share in the global composite rollers market in 2022. Carbon fiber is a long, thin strand of material composed of carbon atoms. These fibers offer high tensile strength coupled with high-temperature tolerance and durability. Carbon fibers possess higher stiffness and strength, excellent corrosion resistance, and longer lifespans than other materials, such as aluminum and steel. Hence, these fibers find broader applications in various end-use industries.
Asia Pacific is estimated to register the fastest CAGR in the global composite rollers market over the forecast period. Countries in Asia Pacific have large manufacturing industries, such as textile, pulp & paper, and electronics. Asia Pacific manufacturing sector adopts highly advanced technologies and processes. Further, the spending of manufacturing companies in the region has grown significantly and is further anticipated to grow over the coming years.
Trends and growth analysis reports related to Chemicals and Materials : READ MORE..
The List of Companies - Composite Rollers Market
- Dongguan Precision Converting Transmission Co Ltd
- Pronexos BV
- Composite Conveyor Equipment Co
- Carbon Light Pvt Ltd
- PROK Pty Ltd
- ADENTE Advanced Engineering Technologies
- Lorbrand (Pty) Ltd
- Double E Co LLC
- HAHL GmbH
- Rossini SpA