Asia Pacific Composite Rollers Market is expected to reach US$ 90,090.76 thousand by 2028

Carbon Segment to Dominate Asia Pacific Composite Rollers Market during 2021-2028

According to The Insight Partners market research study on “Asia Pacific Composite Rollers Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast – by Fiber Type, Resin Type, End-Use Industry and Country,” is expected to reach US$ 90,090.76 thousand by 2028 from US$ 62,387.09 thousand in 2021. The market is estimated to grow at a CAGR of 5.4% from 2021 to 2028. The report provides trends prevailing in the Asia Pacific composite rollers market along with the drivers and restraints pertaining to the market growth. An upsurge in the demand for composites rollers from several end-use industries and rising usage of lightweight and corrosion resistant rollers are the major factors driving the growth of the Asia Pacific composite rollers market. However, the environmental concerns towards recycling of carbon and glass fiber composites may hinder the growth of Asia Pacific composite rollers market.

In case of COVID-19, in Asia Pacific, especially India, 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 Asia Pacific countries, i.e., Japan, China and Australia. 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.

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. Furthermore, 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.

Beijing HaoSheng Transmission Technology Co., Ltd., Belle Banne Conveyor Products, Inometa, Lorbrand Composites, Nepean Conveyors, North Street Cooling Towers Pvt. Ltd. and Flexco are some of the leading companies in the Asia Pacific composite rollers market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market.

The report segments the Asia Pacific Composite Rollers Market as follows:

• Asia Pacific Composite Rollers Market – By Fiber Type
  • Glass
  • Carbon
  • Other Fiber Types
• Asia Pacific Composite Rollers Market – By Resin Type
  • Thermoset
  • Thermoplastic
• Asia Pacific Composite Rollers Market – By End-Use Industry
  • Mining
  • Pulp & Paper
  • Textile
  • Film & Foil Processing
  • Others
• Asia Pacific Composite Rollers Market – By Country
  • Australia
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia Pacific