Composite Rollers Market Forecast Analysis | 2023-2028

Market Insights

The composite rollers market was estimated at USD 140.86 million in 2022 and is likely to grow at a CAGR of 5.09% during 2023-2028 to reach USD 190.39 million in 2028.

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What are composite rollers?

Composite rollers are lightweight alternatives of metal-based rollers which offer up to 60% weight saving over metal rollers. Moreover, they provide lower maintenance requirements, longer operational life, reduced power requirements, lower noise emission, improved productivity, and reduced downtime. These rollers are used in conveyors in industries such as pulp & paper, mining, textile, film & foil processing, and other industries due to their aforementioned advantages.

Market Dynamics

The major factor attributed to the demand for composite rollers is the growing demand for lightweight rollers to enhance operational efficiency and safety benefits, which in turn, is driving the growth of the market.

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Segments Analysis

By Fiber Type

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 on the lower side.

By Resin Type

Based on the resin type, the market is segmented as thermoset and thermoplastic. Thermoplastic dominated the market in 2022 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.

By End-Use Industry Type

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.

Regional Insights

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.

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Market Segmentation

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.

The market is segmented into the following categories.

By Fiber Type

• Glass Fiber
• Carbon Fiber
• Others

By Resin Type

• Thermosets
• Thermoplastics

By End-Use Industry Type

• Mining
• Pulp & Paper
• Textile
• Film & Foil Processing
• Others

By Region

• North America (Country Analysis: the USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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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
• Amalga Composites Inc., and others.

Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.

More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.

We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

What Deliverables Will You Get in this Report?

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the form fiber types by end-use industry type.

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.