Global Composite Roller Market
The GMI Research forecasts that the Composite Roller Market is witnessing an upsurge in demand over the forecast period. This is mainly due to the increasing usage of composite rollers, high durability, rising mining activities, less electricity consumption, and longer life.
Introduction of the Composite Roller Market:
Composite rollers incorporate the principal business of many industries. They are made by using raw material such as fibers, resins, prepreg fabrics and two technologies. The technologies involved for this purpose are filament winding and wrapping. The ongoing advancement in the industrial machineries is linked to lightweight and lower consumption of energy.
Key Players of the Global Composite Roller Market:
- Amalga Composites Inc.
- Conveyor Products & Solutions
- Pronexos
- Artur Kupper GmbH & Co. KG
- Lorbrand Composites
- Double E Company LLC
- Flexible Steel Lacing Company
- Kastura Roller Manufacturing Corporation Ltd.
- Beijing Haosheng Transmission Technology Co. Ltd.
- NEPEAN Conveyors
Composite Roller Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
The key factors propelling the growth of the global composite rollers market are increasing mining and exploration activities and surging use of composite rollers in the pulp & paper industry. Greater strength, lightweight, higher tension, and safety and operational benefits have led to strengthening the composite roller market size. Augmenting demand for the carbon fibre composite rollers in paper and pulp industries and textile industries is boosting the composite roller market share over the forecast period. These rollers provide low inertia, longer life, and durability along with low electricity consumption and reduced noise when compared to other rollers. However, the factors restraining the growth of the global composite rollers market are the high cost of raw material, high fabrication and assembly costs, and difficulty in repairing compared to metallic structures.
Fibre Type Segment Drivers
Based on the fibre type, market is segmented into glass and carbon. Composite rollers manufactured by using carbon fibre are projected to grow at a higher rate during the forecast period because of the properties, including high strength, lightweight, and superior tension control. Moreover, the demand from the pulp & paper and textile industries is one of the main reasons for the segment’s growth.
End-Use Industry Drivers:
Based on the end- use industry, Pulp & paper is predicted to expand at a higher CAGR over the forecast period owing to the growing use of composite rollers as printing and guide rollers, and other applications. Composite rollers have several characteristics, including resistance to wear, high temperature, and chemicals making it appropriate for operation in pulp & paper mills.
Regional Drivers
On the basis of region, Asia-Pacific is expected to expand at a faster CAGR over the forecast period because of the manufacturing of coal, iron ore, and minerals by various developed countries. Expanding mining industries and flexible packaging market is also boosting the composite rollers demand in this region.
Composite Roller Market Segmentation:
Segmentation by Fiber Type:
- Glass
- Carbon
- Others
Segmentation by Resin Type:
- Thermoset
- Thermoplastic
Segmentation by End-Use Industry:
- Textile
- Mining
- Film & Foil Processing
- Pulp & Paper
- Others
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
About GMI Research
GMI Research is a market research and consulting company that offers business sights and market research reports for every enterprise, including small & medium enterprises and large organizations. Our research team helps the clients to understand the impact of market dynamics such as market size, share, drivers, growth opportunities, and other aspects. We have a team of analysts and industry experts who conduct market intelligence studies to ensure relevant and fact-based research across a wide range of sectors such as FMCG, Technology, Energy, Healthcare, and other industries. We collect relevant information about the industry using both internal and external databases. Our main focus is to keep our clients abridged of the emerging opportunities and challenges in a wide range of industries. We provide step-by-step assistance to our client through strategic and consulting services to reach a managerial and actionable decision. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping businesses stay ahead of the curve.
Media Contact
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: enquiry@gmiresearch.com
Phone: Europe – +353 1 442 8820; US – +1 860 881 2270
Address: Dublin, Ireland
Website: www.gmiresearch.com
