Composite Rollers Market Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report

"Composite Rollers Market Forecast to 2030 - COVID-19 Impact and Global Analysis - by Fiber Type, Resin Type, and End Use" includes the factors fueling the market growth, revenue estimation and forecast, market share analysis, and the identification of significant market players and their key developments.

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.

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The composite rollers are highly used in mining, textile, printing, paper & pulp, and film & foil applications. The global composite rollers market is highly competitive. Players compete with each other based on product differentiation, quality, and price. Market players are adopting different strategies, such as investments in research and development activities, new product launches, and collaborations, to stand out as strong competitors in the market.

Based on resin type, the global composite rollers market is segmented 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 global composite rollers market share for the thermoplastic segment was largest in 2022. Advantages of thermoplastic resin include high recyclability, high impact resistance, reshaping abilities, chemical resistance, several finishing options, dimensional stability, and no toxic smells, fumes, or harmful discharges used in manufacturing. Due to these advantages, these resins are utilized in the manufacturing of composite rollers. Thermoplastic-matrix composites employed in many industries are frequently reinforced with E-glass fibers. Although carbon fibers possess lower density and can offer higher modulus, E-glass fibers are selected due to their low cost.

The global composite rollers market is segmented into five main regions-North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America. Asia Pacific held the largest revenue share of the global composite rollers market in 2022. The Asia Pacific composite rollers market is segmented into China, Japan, India, South Korea, Australia, and the Rest of Asia Pacific. China is a major country in Asia Pacific for composite rollers market. The low manufacturing and capital costs in China attract new investment and better opportunities for various businesses in the country. China has a huge customer base for composite materials due to rapid industrialization. Furthermore, the growing demand for paper packaging products, films, and foil is also boosting the composite rollers market growth in China.

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Impact of COVID-19 Pandemic on Composite Rollers Market

In 2020, various industries faced challenges in terms of the availability of raw materials, economic slowdown, and reduced investment projects. Due to the COVID-19 pandemic in 2020, various industries had to slow down their operations in response to the disruptions in the value chain caused by restrictions on national and international boundaries. The pandemic introduced various economic challenges, hindering the composite rollers market growth in different regions.

However, the composite rollers market began reviving as governments of various countries took significant measures, such as well-coordinated vaccination drives. The resumption of business activities in the mining, paper & pulp, textile, and printing industries propelled the demand for composite rollers.

Global Composite Rollers Market Breakdown - by Region

The report includes the segmentation of the global 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 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. By geography, the composite rollers market is broadly 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 subsegmented 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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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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