The market for composite rollers is projected to expand from US$ 177.42 million in 2022 to US$ 263.18 million by 2030, reflecting an anticipated compound annual growth rate (CAGR) of 5.1% during the period from 2022 to 2030.
Composite rollers are constructed using a variety of materials, including fibers, thermoset and thermoplastic resins, as well as coatings. The fibers utilized in the production of composite rollers include carbon fiber (derived from PAN and pitch), glass fiber, and aramid fiber. Among the thermoset resins employed are epoxy, polyurethane, and others. Additionally, thermoplastic resins such as polyethylene, polypropylene, and polyvinyl chloride are also used in the manufacturing of composite rollers. As the demand for these rollers increases, suppliers of raw materials are concentrating on providing high-quality and innovative options for their production.
The global composite rollers market is categorized by end-use applications, which include mining, paper and pulp, textiles, film and foil, printing, and other sectors. In 2022, the paper and pulp segment held the largest share of the composite rollers market. Within the paper and pulp industry, composite rollers serve various functions, such as guide rollers for screens or felts, paper guide rollers, shaken breast rollers, rollers for the dryer section, and calendar guide rollers. This industry is one of the largest globally and is experiencing growth, particularly in North America, Asia, and Europe. The increasing utilization of composite rollers in the pulp and paper sector is a significant factor driving the overall growth of the composite rollers market.
Asia Pacific is anticipated to exhibit the highest CAGR in the global composite rollers market throughout the forecast period. The composite rollers market in this region includes countries such as Australia, China, India, Japan, South Korea, and other parts of Asia Pacific. The market's growth in this area is primarily due to the expanding paper and pulp, textile, and mining industries. In China, the composite rollers market is flourishing, supported by numerous small and large enterprises operating within the country. Additionally, China's rapid industrialization has created a substantial customer base for composite rollers. As one of the largest manufacturing economies globally, China is recognized as a rapidly growing consumer market and a major importer of goods. The increasing production capacities in textiles, packaging, and printing sectors are driving the demand for composite rollers. In India, a number of emerging companies are entering the market, seeking cost-effective manufacturing solutions. The availability of affordable labor in India has led many international manufacturers to establish production facilities there, contributing to the anticipated rapid growth of the industrial sector and, consequently, the composite rollers market.
Key players 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, and Beijing HaoSheng Transmission Technology Co Ltd, among others. These companies are known for offering innovative products at competitive prices, which attract a significant consumer base and create new opportunities for growth in the coming years.
The overall size of the global composite rollers market has been determined through a combination of primary and secondary research methods. The research process began with extensive secondary research, utilizing both internal and external sources to gather qualitative and quantitative data related to the market. Additionally, numerous primary interviews were conducted with industry participants to validate the findings and gain deeper analytical insights. Participants in this research included industry experts such as vice presidents, business development managers, market intelligence managers, and national sales managers, as well as external consultants like valuation experts, research analysts, and key opinion leaders specializing in the composite rollers market.
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