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

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

  • July 2021 •
  • 97 pages •
  • Report ID: 6134324 •
  • Format: PDF
The Middle East & Africa composite rollers market is expected to grow from US$ 10,385.98 thousand in 2021 to US$ 14,175.63 thousand by 2028; it is estimated to grow at a CAGR of 4.5% from 2021 to 2028.

The Middle East & Africa includes South Africa, the UAE, Saudi Arabia, and the Rest of the Middle East and Africa.The region is expected to witness a rapid increase in commercialization and industrialization, which would further boost the varied industrial sectors.

The governments in the region have recently taken several steps to shift the focus of the economic growth to other manufacturing sectors, including mining, chemical, automotive, electrical, and other industries.Supported by the government, Dubai has developed industrial hubs in this region.

The key motive of the industrial hubs is to attract manufacturers looking to set up new plants.According to the UAE’s Department of Economic Development (DED), the manufacturing industry accounts for 80% of Dubai’s non-oil trade, which makes it the second-largest contributor to the UAE economy.

The government is looking forward to investing large amounts in the manufacturing industry. In the current market scenario, the Middle East region is experiencing decent growth in the number of industries, which is demanding advanced products and solutions. This factor is boosting the composite rollers market in the region.

In case of COVID-19, in Middle East & Africa, especially South Africa, witnessed an unprecedented rise in number of coronavirus cases, which led to the discontinuation of composite rollers manufacturing activities.Downfall of other chemical and materials manufacturing sectors has negatively impacted the demand for composite rollers during the early months of 2020.

Moreover, decline in the overall composite materials manufacturing activities has led to discontinuation of composite rollers manufacturing projects, thereby reducing the demand for composite rollers. Similar trend was witnessed in other Middle East & Africa countries, i.e., UAE and Saudi Arabia. However, the countries are likely to overcome thus drop in demand with the economic activities regaining their pace, especially in the beginning of the 2021.

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 Middle East & Africa 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 Middle East & Africa 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 Middle East & Africa composite rollers market.A few of the key companies operating in the market are Belle Banne Conveyor Products; Inometa; Lorbrand Composites; Nepean Conveyors; North Street Cooling Towers Pvt.

Ltd.; and Flexco.
Loading...

We are very sorry, but an error occurred.
Please contact [email protected] if the problem remains.