South & Central America Composite Rollers Market Forecast to 2030 - Regional Analysis - by Fiber Type, and End Use

The South & Central America composite rollers market was valued at US$ 9.62 million in 2022 and is expected to reach US$ 13.51 million by 2030; it is estimated to grow at a CAGR of 4.3% from 2022 to 2030.

Expanding Logistics Industry Fuels South & Central America Composite Rollers Market

The global logistics industry is critical in fueling the composite rollers market. Amidst the evolving logistics and material handling landscape, there is a surging demand for efficient conveyor systems equipped with resilient, high-performance rollers. Composite rollers, crafted from cutting-edge materials such as advanced composites and reinforced polymers, offer advantages perfectly aligned with the logistics sector's requirements.

These rollers' lightweight construction provides a pivotal advantage by reducing the overall weight of conveyor systems. This characteristic not only enhances operational efficiency but also contributes to energy savings, a crucial aspect of the logistics landscape. Their exceptional durability, corrosion resistance, and minimal maintenance needs position them as ideal components for continuous and robust material handling applications within warehouses, distribution centers, and transportation hubs.

The logistics industry's pursuit of streamlined operations, coupled with a focus on cost efficiency and uninterrupted material flow, makes composite rollers a sought-after solution. Their ability to withstand harsh environmental factors, including moisture, chemicals, and abrasive substances, further solidifies their applicability across diverse logistics operations.

The International Chamber of Shipping states that around 11 billion tons of goods are shipped via sea yearly, representing 1.5 tons/person based on the present global population. The logistics industry is expected to witness constant growth primarily attributed to fast-growing e-commerce. Thus, the growing logistics industry will offer prosperous growth opportunities to composite rollers in the coming years.

South & Central America Composite Rollers Market Overview

The South & Central America composite rollers market is segmented into Brazil, Argentina, and the Rest of South & Central America. The continuous technological and industrial developments have positively impacted the economic growth of countries such as Brazil and Argentina. Changing economic conditions in South America, growing mining and other industries, and increasing support from the governments for boosting industrial production are offering a huge growth potential for the composite rollers market players in South & Central America. The use of composite rollers is rising with the growing awareness of environmental sustainability. Moreover, the constant research and development by the key players to develop environment-friendly products is anticipated to provide a growth opportunity for the market players during the forecast period.

Several programs and incentives are implemented by the governmental bodies to bolster the growth and investments in numerous businesses in manufacturing, mining, and other industries. Brazil is the major market for composite rollers in the region. Moreover, with robust government and financial support, entry into the Brazilian manufacturing market seems promising. Thus, development in the manufacturing sector and government support to increase industrial production are expected to flourish the market for composite rollers in this region.

South & Central America Composite Rollers Market Segmentation

The South & Central America composite rollers market is segmented into fiber type, resin type, end use, and country.

Based on fiber type, the South & Central America composite rollers market is classified into carbon, glass, and others. Carbon segment is divided into PAN based and pitch based. The carbon segment held the largest share in 2022.

By resin type, the South & Central America composite rollers market is bifurcated into thermoset and thermoplastic. Thermoset is subsegmented into epoxy, polyurethane, and others. Thermoplastic is subsegmented into polyethylene, polypropylene, poly vinyl chloride, and others. The thermoplastic segment held the largest share in 2022.

In terms of end use, the South & Central America composite rollers market is categorized into mining, paper and pulp, textile, film and foil, printing, and others. The paper and pulp segment held the largest share in 2022.

Based on country, the South & Central America composite rollers market is segmented Brazil, Argentina, the Rest of South & Central America. Brazil dominated the South & Central America composite rollers market in 2022.

Double E Co LLC, Fritz Schafer GmbH & Co KG, Lorbrand (Pty) Ltd, and PROK Pty Ltd are some of the leading companies operating in the South & Central America composite rollers market.