Global Composite Rollers Market: Overview
The constant evolution in the landscape of industrial machineries is correlated to easier handling, lightweight, and lower energy consumption. Such a scenario opens up new vistas of application for composite materials across all industrial sectors. Composite rollers comprise core business of many industries. These materials are made using raw materials like prepreg fabrics, resins, and fibers and two technologies. Two technologies that are used for this purpose are wrapping and filament winding.
Type, end use, resin type, and region are the four parameters based on which the global composite rollers market has been segmented for better understanding of the market.
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Global Composite Rollers Market: Notable Developments
One of the developments that characterize the changing course of the global composite rollers market is as mentioned below:
- In March 2019, Netherlands-based Pronexos B.V. entered into a partnership with Apex International for supply of carbon fiber composite rollers. The latter is a leading producer of metering rolls and anilox for the printing industry across the globe. This partnership is likely to assist Pronexos B.V in meeting the increasing demand for composite rollers in packaging and printing applications.
Some well-known organizations in the global composite rollers market comprise the below-mentioned:
- Pronexos B.V.
- Artur Kpper GmbH & Co. KG
- Beijing Haosheng Transmission Technology Co. Ltd.
- Lorbrand Composites
- Mitsubishi Chemical Corporation
- Flexible Steel Lacing Company
Global Composite Rollers Market: Key Trends
The following drivers, opportunities, and restraints characterize global composite rollers market over the review period, from 2019 to 2027.
Properties of Composite Rollers Creates its Huge Demand in the Paper and Pulp Industry
The expansion of the global composite rollers market is mainly owing to the rising demand from several end use industries like textile, mining, and paper and pulp. Composite rollers are produced utilizing carbon fiber is likely to emerge as one of the fastest growing segment due to its unique properties. Carbon fiber composite rollers come with superior tension control, lightweight, and high strength among other properties.
In addition, high demand for carbon fiber composite rollers from the textile and paper and pulp industries is one of the major factors for composite rollers market growth. Composite rollers are extensively utilized in many applications as guide rollers, printing rollers, which create massive demand for the product in the paper and pulp industry. Various properties of composite rollers like resistance to high temperature, chemicals, wear, and corrosion make it suitable for use in paper and pulp mills. These factors are likely to drive the expansion of the global composite rollers market over the review period, from 2019 to 2027.
Composite rollers are substantially used in the mining industry as these rollers offer diminished noise and vibration, consumes low electricity, low inertia, and exceptional strength. Furthermore, composite rollers are very lightweight as compared to steel rollers and they do not require frequent replacement. These factors are likely to add impetus to the growth of the global composite rollers market in years to come.
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Global Composite Rollers Market: Geographical Analysis
To offer comprehensive view of the global composite rollers market, TMR experts have split the market on the basis of regions. Latin America, Europe, Asia Pacific, the Middle East and Africa, and North America comprise the major regions of the market.
From the geographical perspective, Asia Pacific is expected to retain its market dominance throughout the period of forecast. Such dominance in Asia Pacific is ascribed to the considerable use and demand for composite rollers in the packaging, paper and pulp, and mining industries of the region. In addition many companies in the region are adopting the product due to it’s prolong life cycle and lightweight, which boosts the composite rollers market in Asia Pacific.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.