Composite Rollers Market worth $163 million by 2024, at a CAGR of 5.2%

October 02 03:18 2020
Composite Rollers Market worth $163 million by 2024, at a CAGR of 5.2%

Browse 103 market data Tables and 29 Figures spread through 123 Pages and in-depth TOC on “Composite Rollers Market”
Composite Rollers Market by Fiber Type (Carbon, Glass, Others), End-Use Industry (Mining, Pulp & Paper, Textile, Film & Foil Processing), Resin Type, and Region (North America, Europe, APAC, Row)

The composite roller market size is estimated to grow from USD 127 million in 2019 to USD 163 million by 2024, at a CAGR of 5.2% between 2019 and 2024. A roller comprises various components, including shell, bearing, shaft, labyrinth seal, circlip, and housing, to name a few. And, composite are that category of rollers where shell or tube of a roller is manufactured using composite materials. Composite roller is an excellent alternative to steel and other metal rollers. Composite rollers are extremely lightweight in nature and generates low noise & vibration along with better life-cycle that makes them highly suitable for use in paper & pulp, textile, mining, and other industries.

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Carbon is expected to be the most widely used fiber type of composite rollers market.

Carbon fiber composite rollers provide maximum strength and performance with minimum weight and hold the majority of the share in the composite rollers market. This high consumption is attributed mainly to the high demand from the paper & pulp, textile, and film & foil processing industries. Additionally, they can also be used in mining applications for conveying bulk materials.

Pulp & paper is the major end-use industry in the composite rollers market

Pulp & paper is the major consumer of composite rollers owing to the increasing usage of composite rollers as printing roller, guide rollers, and other applications. Composite rollers possess various characteristics, such as resistance to corrosion, wear, high temperature, and chemicals, that makes it highly useful for operation in pulp & paper mills.

APAC is expected to dominate the composite rollers market during the forecast period due to the substantial adoption of composite rollers in the mining, pulp & paper, and packaging sectors. Composite rollers are lightweight and offer superior life-cycle in comparison to other metal rollers due to which Asian companies are adopting these rollers to minimize the overall cost. Moreover, growing mining industries in China and Australia is one of the significant factors behind the high consumption of composite rollers in the region.

Major composite rollers manufacturers are Lorbrand Composites (South Africa), Double E Company LLC (US), Pronexos (Netherlands), Conveyor Products & Solutions (Australia), NEPEAN Conveyors (Australia), and  Artur Küpper GmbH & Co. KG (Germany).

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