The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Composite Rollers Market.
It was estimated prior to this unanticipated outbreak that the Composite Rollers Market was expected to grow at a CAGR of 5.0% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.
Composite rollers are lightweight alternatives of metal-based rollers which offer up to 60% weight saving over metal rollers. Moreover, they provide lower maintenance requirement, longer operational life, reduced power requirements, lower noise emission, improved productivity, and reduced downtime. These rollers are used in conveyor in industries such as pulp & paper, mining, textile, film & foil processing, and other industries due to their aforementioned advantages.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
Based on the fiber type, the market is segmented as glass fiber, carbon fiber, and others. Carbon fiber-based composite roller accounts for the largest share as it offers maximum strength and performance while keeping the weight at lower side.
Based on the resin type, the market is segmented as thermoset and thermoplastic. Thermoplastic dominated the market in 2019, and is expected to remain dominant during the forecast period. It provides good corrosion resistance, chemical resistance, and dimensional stability. Nylon, HDPE, and others are the major thermoplastic resins used in composite roller manufacturing.
Based on the end-use industry type, the composite rollers market is segmented as mining, pulp & paper, textile, film & foil processing, and others. Pulp & paper is expected to dominate the market during the forecast period. Composite rollers are increasingly being used as printing rollers and guide rollers as they provide excellent resistance to corrosion, chemical, temperature and wear & tear.
In terms of regions, Asia-Pacific is estimated to remain the largest market during the forecast period driven by the booming end-use industries including packaging, pulp & paper, and mining. The adoption of composite rollers is increasing in this region due to their prolonged life cycle, lower maintenance cost, and lower weight. China and India are the major growth engines of the Asia-Pacific region. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.
Key Players:
Some of the major composite roller manufacturers are Lorbrand Composites, NEPEAN Conveyors, Pronexos, Double E Company LLC, Artur Küpper GmbH & Co. KG, Flexible Steel Lacing Company, Katsura Roller Manufacturing Corporation Limited, Conveyor Products & Solutions, Beijing HaoSheng Transmission Technology Co., Ltd, and Amalga Composites Inc., and others.