At 5.4% CAGR, the Asia Pacific Composite Rollers Market is Projected to be Worth US$ 126.98 million by 2030, Says Business Market Insights

According to Business Market Insights' research, the Asia Pacific composite rollers market was valued at US$ 83.62 million in 2022 and is expected to reach US$ 126.98 million by 2030, registering a CAGR of 5.4% from 2022 to 2030. Rising demand for lightweight and corrosion resistant rollers and expanding logistics industry are among the critical factors attributed to the Asia Pacific composite rollers market expansion.

The market for composite rollers is booming due to the increasing demand for lightweight and corrosion-resistant rollers to gain operational as well as safety benefits. Composite rollers are further considered as an alternative to traditional steel rollers. Steel rollers have primarily been utilized in a variety of operations, mainly in the textile, mining, paper & pulp industries and in other sectors. Steel rollers are large in size and difficult to transport. They also produce vast amounts of noise. The use of composite rollers is increasing due to their benefits, including long life, low noise levels, high strength, and low maintenance costs. In addition, the resistance to corrosion and lightweight composite rollers have led to their increased use in several industries, which is driving the Asia Pacific composite rollers market growth. Composite rollers are much lighter than traditional steel and aluminum rollers. This makes them easier to install and helps reduce energy costs. Thus, all the factors mentioned above boost the demand for composite rollers, thereby favoring the market growth.

On the contrary, growing environmental concerns toward recycling of carbon and glass fiber composites hampers the growth Asia Pacific composite rollers market.

Based on fiber type, the Asia Pacific composite rollers market is classified into carbon, glass, and others. Carbon segment is divided into PAN based and pitch based. The carbon segment held 54.4% share of the Asia Pacific composite rollers market in 2022, amassing US$ 45.46 million. It is projected to garner US$ 72.16 million by 2030 to expand at 5.9% CAGR during 2022-2030.

Based resin type, the Asia Pacific composite rollers market is bifurcated into thermoset and thermoplastic. Thermoset segment is subsegmented into epoxy, polyurethane, and others. Thermoplastic segment is categorized into polyethylene, polypropylene, poly vinyl chloride, and others. The thermoplastic segment held 59.7% share of the Asia Pacific composite rollers market in 2022, amassing US$ 49.94 million. It is projected to garner US$ 77.11 million by 2030 to expand at 5.6% CAGR during 2022-2030.

Based on end use, the Asia Pacific composite rollers market is categorized into mining, paper and pulp, textile, film and foil, printing, and others. The paper and pulp segment held 32.4% share of Asia Pacific composite rollers market in 2022, amassing US$ 27.07 million. It is projected to garner US$ 43.89 million by 2030 to expand at 6.2% CAGR during 2022-2030.

Based on country, the Asia Pacific composite rollers market is categorized into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. China held 44.2% share of Asia Pacific composite rollers market in 2022, amassing US$ 36.98 million. It is projected to garner US$ 57.60 million by 2030 to expand at 5.7% CAGR during 2022-2030.

Key players operating in the Asia Pacific composite rollers market are Beijing HaoSheng Transmission Technology Co Ltd, Belle Banne Conveyor Products Pty Ltd, Carbon Light Pvt Ltd, Dongguan Precision Converting Transmission Co Ltd, Fritz Schafer GmbH & Co KG, HAHL GmbH, Lorbrand (Pty) Ltd, PROK Pty Ltd, and Rossini SpA, among others.

• In 2023, EPSILON Composite, a manufacturer of carbon fiber rollers, partnered with Packone Solutions for the promotion and distribution of its products in India, Sri Lanka, Nepal, and Bangladesh.
  
  
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