Carbon Segment to Dominate Asia Pacific Composite Rollers Market during 2021-2028
According to a new 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.
According to a new 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
Reasons to buy:
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Asia Pacific composite rollers market
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the Asia Pacific 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 Asia Pacific market trends and outlook coupled with the factors driving the Asia Pacific 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
Table of Contents
1. Introduction
3. Research Methodology
4. Asia Pacific Composite Rollers Market Landscape
5. Asia Pacific Composite Rollers Market - Key Market Dynamics
6. Composite Rollers Market - Asia Pacific Analysis
7. Asia Pacific Composite Rollers Market Analysis - By Fiber type
8. Asia Pacific Composite Rollers Market Analysis - By Resin Type
9. Asia Pacific Composite Rollers Market Analysis - By End-Use Industry
10. Asia Pacific Composite Rollers Market - Country Analysis
11. Impact COVID-19 Pandemic on Asia Pacific Composite Rollers Market
12. Company Profiles
13. Appendix
List of Tables
List of Figures
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Beijing HaoSheng Transmission Technology Co., Ltd.
- Belle Banne Conveyor Products
- Inometa
- Lorbrand Composites
- Flexco
- Nepean Conveyors
- North Street Cooling Towers Pvt. Ltd.
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 108 |
Published | July 2021 |
Forecast Period | 2021 - 2028 |
Estimated Market Value ( USD | $ 62387.09 Million |
Forecasted Market Value ( USD | $ 90090.76 Million |
Compound Annual Growth Rate | 5.4% |
Regions Covered | Asia Pacific |