Report : Europe Composite Rollers Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Fiber Type (Glass, Carbon, and Other Fiber Types), Resin Type (Thermoset and Thermoplastic), and End-Use Industry (Mining, Pulp & Paper, Textile, Film & Foil Processing, and Others)
Carbon Segment to Dominate Europe Composite Rollers Market during 2021-2028
According to a new market research study on “Europe 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$ 34,173.83 thousand by 2028 from US$ 24,764.18 thousand in 2021. The market is estimated to grow at a CAGR of 4.7% from 2021 to 2028. The report provides trends prevailing in the Europe composite rollers market along with the drivers and restraints pertaining to the market growth. Rise in the demand for composites rollers from several end-use industries and upsurge in the demand for lightweight and corrosion resistant rollers are the major factors driving the growth of the Europe composite rollers market. However, the incrementing environmental concern toward recycling of carbon and glass fiber composites may hinder the growth of Europe composite rollers market.
In case of COVID-19, in Europe, especially France, 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 Europe countries, i.e., Russia, UK, Italy, Spain, Germany and Poland. 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 Europe 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 Europe composite rollers market. Based on resin type, the Europe 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 Europe composite rollers market. Furthermore, in this present scenario of COVID 19 pandemic, the Europe composite rollers market has been facing difficulties and several countries have suffered heavily. The manufacturing sectors in the Europe countries have been experiencing low production and a weak supply chain. Thereby, impacting the market for composite rollers.
Artur Kuepper Pty Ltd., Belle Banne Conveyor Products, Double Company LLC, Epsilon Composite, FWT Composites & Rolls GmbH, HÄHL GmbH, Inometa, Lorbrand Composites, Nepean Conveyors, North Street Cooling Towers Pvt. Ltd., Pronexos B.V., Reglass S.R.L and Flexco are some of the leading companies in the Europe 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 Europe Composite Rollers Market as follows:
- Europe Composite Rollers Market – By Fiber Type
- Other Fiber Types
- Europe Composite Rollers Market – By Resin Type
- Europe Composite Rollers Market – By End-Use Industry
- Pulp & Paper
- Film & Foil Processing
- Europe Composite Rollers Market – By Country
- Rest of Europe
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