Asia Pacific Composite Rollers Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Fiber Type, Resin Type, and End-Use Industry

Asia Pacific Composite Rollers Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Fiber Type, Resin Type, and End-Use Industry

  • July 2021 •
  • 108 pages •
  • Report ID: 6134223 •
  • Format: PDF
The Asia Pacific composite rollers market is expected to grow from US$ 62,387.09 thousand in 2021 to US$ 90,090.76 thousand by 2028; it is estimated to grow at a CAGR of 5.4% from 2021 to 2028.

Asia Pacific comprises several developing economies such as China and India, and developed economies such as Japan, South Korea, and Australia.These emerging countries are further witnessing a surge in the middle-class population, along with growth in urbanization and industrialization, which offers ample opportunities for the key market players in the composite rollers market.

Countries such as Australia, Japan, India, China, South Korea, Singapore, Taiwan, and Indonesia have large manufacturing industries in a diverse sector which includes chemical, textile, pulp & paper, electronics, and other industries.The manufacturing sector in these countries has experienced a huge shift over the years.

The Asia Pacific manufacturing sector is highly adopting innovation accelerators which include advanced technologies and processes.Over the past decade, the spending of manufacturing companies in the region has grown significantly and is further anticipated to grow at the highest estimated growth rate.

Composite rollers are employed in specific areas in mines in case of heavy machineries; hence, the rising mining & exploration activities are presumed to boost the demand for these rollers, that is why boosting the market growth. Moreover, expanded use of composite rollers in other industry like pulp & paper industry is stimulating the growth of the composite rollers market in this region.

The market for Asia Pacific composite rollers is segmented into fiber type, resin type, end-use industry, and country.Based on fiber type, the market is segmented into carbon, glass, and others.

In 2020, the carbon segment held the largest share in Asia Pacific composite rollers market.Based on resin type, the Asia Pacific composite rollers is divided into thermoset and thermoplastic.

The thermoplastic segment is expected to be the fastest growing segment over the forecast period.As per end-use industry, the market is bifurcated into mining, pulp and paper, textile, film and foil processing, and others.

In 2020, the pulp and paper segment held the largest share in Asia Pacific composite rollers market. Further, in this present scenario of COVID-19 pandemic, the Asia Pacific composite rollers market has been facing difficulties and several countries have suffered heavily. The manufacturing sectors in the Asia Pacific countries have been experiencing low production and a weak supply chain. Thereby, impacting the market for composite rollers.

Based on fiber type, the market is segmented into carbon, glass, and others.The carbon segment is expected to grow at the fastest CAGR during the forecasted period.

Carbon fiber is a long thin strand of material composed up of carbon atoms and with a diameter of approximately 0.005 mm to 0.010 mm. These fibers offer high tensile strength, coupled with high-temperature tolerance and durability. Carbon fibers possess higher stiffness & strength, excellent corrosion resistance, and longer lifespans than other materials such as aluminum and steel. Hence, these fibers find wider application in end-use industries. The fibers are rigid and chemically inert, which makes them challenging to compress, as well as to stretch. These fibers contribute high strength to the vessels used in glass storage, which helps prevent the explosions of gas storage systems. They are used in several end-use industries such as mining, textile, pulp & paper, aerospace & defense, automotive, construction, and others. With the rise in focus toward lightweight, resistant, corrosion-resistant, and fire-tolerant composite materials, there has been an increase in use of carbon fibers in composite rollers. The use of carbon fiber composite materials has gained prominence in the manufacture of efficient composite roller production, owing to their rigidity, resistance to high-temperature, and more extended durability.

The overall Asia Pacific composite rollers market size has been derived using both primary and secondary sources.To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market.

The process also serves the purpose of obtaining an overview and forecast for the Asia Pacific composite rollers market with respect to all the segments pertaining to the region.Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic.

The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the Asia Pacific composite rollers market. A few of the key companies operating in the market are Beijing HaoSheng Transmission Technology Co., Ltd.; Belle Banne Conveyor Products; Inometa; Lorbrand Composites; Nepean Conveyors; North Street Cooling Towers Pvt. Ltd.; and Flexco.
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