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

Carbon Segment to Dominate South America Composite Rollers Market during 2021-2028

According to a new market research study on “South America 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$ 9,735.07 thousand by 2028 from US$ 7,256.14 thousand in 2021. The market is estimated to grow at a CAGR of 4.3% from 2021 to 2028. The report provides trends prevailing in the South America composite rollers market along with the drivers and restraints pertaining to the market growth. Diversified application base of composites rollers in several End-use industries and rising demand for lightweight and corrosion resistant rollers are the major factors driving the growth of the South America composite rollers market. However, the growing environmental concern regarding the recycling of carbon and glass fiber composites may hinder the growth of South America composite rollers market.

In case of COVID-19, in South America, especially Brazil, 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 South America countries, i.e. Argentina, Colombia, Peru, Chile, Ecuador and Bolivia. 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 South America 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 South America composite rollers market. Based on resin type, the South America 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 South America composite rollers market. Furthermore, in this present scenario of COVID 19 pandemic, the South America composite rollers market has been facing difficulties and several countries have suffered heavily. The manufacturing sectors in the South America countries have been experiencing low production and a weak supply chain. Thereby, impacting the market for composite rollers.

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 South America 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 South America Composite Rollers Market as follows:

South America Composite Rollers Market - By Fiber Type

• Glass
• Carbon
• Other Fiber Types

South America Composite Rollers Market - By Resin Type

• Thermoset
• Thermoplastic

South America Composite Rollers Market - By End-use Industry

• Mining
• Pulp & Paper
• Textile
• Film & Foil Processing
• Others

South America Composite Rollers Market - By Country

• Brazil
• Argentina
• Rest of South America

Reasons to buy:

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• The key findings and recommendations highlight crucial progressive industry trends in the South America composite rollers market, thereby allowing players across the value chain to develop effective long-term strategies
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
• Scrutinize in-depth South America market trends and outlook coupled with the factors driving the South America composite rollers market, as well as those hindering it
• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution