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

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

  • July 2021 •
  • 100 pages •
  • Report ID: 6134374 •
  • Format: PDF
The North America composite rollers market is expected to grow from US$ 28,027.86 thousand in 2021 to US$ 39,516.28 thousand by 2028; it is estimated to grow at a CAGR of 5.0% from 2021 to 2028.

The North American region comprises developed economies, including the US and Canada, along with Mexico as a developing nation.The manufacturing companies located in this region are continuously enhancing their overall business processes to cater to the demand of customers in the best possible way.

Most of the domestic and international companies have a strong foothold in North America.In North America, the US is a major market for composite rollers, followed by Canada and Mexico.

This region largely supports the growth of the composite rollers market through effective manufacture and trade policies.The increasing demand for composite rollers from mining, textile, paper & pulp, and other industries is boosting the growth of the market in the region.

These types of rollers are created by using raw materials, including fibers, prepreg fabrics, resins. The constant evolution, mainly in the landscape of industrial machinery, is correlated to easier handling, lower energy consumption, and lightweight. Such a scenario further opens new prospects of application for composite materials throughout all industrial sectors. 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.

In case of COVID-19, in North America, especially the US, 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 North America countries, i.e., Mexico, Canada, Panama, and Costa Rica. 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 North America 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 North America 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 North America composite rollers market. A few of the key companies operating in the market are Amalga Composites, Inc.; Belle Banne Conveyor Products; Double Company LLC; Epsilon Composite; 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.