Rising Demand for Lightweight and Corrosion Resistant Rollers to Bolster Composite Rollers Market Growth
According to our latest study on “Composite Rollers Market Forecast to 2030 – COVID-19 Impact and Global Analysis – by Fiber Type, Resin Type, and End Use” 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. The report highlights key factors driving the composite rollers market growth and prominent players along with their developments in the market.
Composite rollers are made from materials such as fibers, thermoset and thermoplastic resins, and coatings. Different fibers used for making composite rollers are carbon fiber (PAN and pitch-based), glass fiber, and aramid fiber. Several types of thermoset resins used to make composite rollers are epoxy, polyurethane, and others. Further, polyethylene, polypropylene, and polyvinyl chloride are among the thermoplastic resins used for making composite rollers. The growing focus on sustainability and energy efficiency is expected to drive the demand for composite rollers further worldwide. The mining, paper & pulp, textile, film & foil, and printing industries are some of the key end users for composite rollers.
Composite Rollers Market Breakdown – by Region
Composite Rollers Market Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Fiber Type [Carbon (PAN Based and Pitch Based), Glass, and Others], Resin Type [Thermoset (Epoxy, Polyurethane, and Others) and Thermoplastic (Polyethylene, Polypropylene, Poly Vinyl Chloride, and Others)], End Use (Mining, Paper and Pulp, Textile, Film and Foil, Printing, and Others), and Geography
Composite Rollers Market Size Report | Share and Forecast to 2030
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The market for composite rollers is booming due to the rising demand for lightweight and corrosion-resistant rollers to gain operational as well as safety benefits. Composite rollers are further considered as an alternative to traditional steel rollers. Steel rollers have primarily been utilized in a variety of operations, mainly in the textile, mining, paper & pulp industries and in other sectors. Steel rollers are large and difficult to transport. They also produce vast amounts of noise. The use of composite rollers is increasing due to their benefits, including long life, low noise levels, high strength, and low maintenance costs. In addition, the resistance to corrosion and lightweight composite rollers have led to their increased use in several industries, which is driving the global composite rollers market growth. Composite rollers are much lighter than traditional steel and aluminum rollers. This makes their installation easier and helps reduce energy costs. Thus, all the factors mentioned above boost the demand for composite rollers, thereby favoring the market growth.
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 a few players operating in the global composite rollers market. These players focus on providing high-quality products to fulfill customer demand.
Impact of COVID-19 Pandemic on Composite Rollers Market
The COVID-19 pandemic has adversely altered the status of the chemicals & materials sector and negatively affected the composite rollers market growth. The implementation of measures to combat the spread of the virus has aggravated the situation and negatively impacted the growth of various industries. Several industries have been adversely affected by the sudden distortion in operational efficiencies and disruptions in the value chains owing to the sudden closure of national and international boundaries. The COVID-19 pandemic has negatively impacted the import and export of composite rollers in different countries, thereby hindering the composite rollers market growth.
Several countries have resumed their operations, and companies from the manufacturing industries are regaining their operations to normalcy. With this, the demand for composite rollers has risen globally. The increasing demand for composite rollers from various industries such as mining and textile is driving the composite rollers market growth.
The report includes the segmentation of the composite rollers market as follows:
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 segmented 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 segmented into epoxy, polyurethane, and others. The thermoplastic segment is further divided 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. By geography, the composite rollers market is segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South & Central America. The North America composite rollers market is further segmented into the US, Canada, and Mexico. The market in Europe is sub-segmented into Germany, France, the UK, Italy, Russia, and the Rest of Europe. The Asia Pacific composite rollers market is further categorized into China, India, Japan, Australia, South Korea, and the Rest of Asia Pacific. The market in the Middle East & Africa is further segmented into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. The South & Central America composite rollers market is further categorized into Brazil, Argentina, and the Rest of South & Central America.
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