Market Overview:
The global composite roll market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for composite rolls from various end-use industries, such as automotive, steel, and aluminum. Composite rolls are made up of two or more different types of materials that offer specific benefits depending on their combination and application. These rolls are used in a wide range of industrial applications owing to their superior properties as compared to traditional rolled products. Based on type, the global composite roll market is segmented into high speed steel (HSS), high chrome steel (HCS), high chromium iron (HCI), and other types. HSS composites are widely used in work rolls for hot strip mills owing to their superior wear resistance and toughness properties as compared to traditional carbon steels grades such as SAE 1045/1050/1060 grade steels.
Product Definition:
A composite roll is a cylinder that is made from two or more materials. The different materials can be the same or different in thickness and/or composition. Composite rolls are often used to form sheet metal parts.
High Speed Steel:
High speed steel is a type of steel with a carbon content below 0.3%. It exhibits low yield strength and tensile strength but has high ductility, malleability and plasticity. The properties exhibited by this product make it suitable for use in the manufacturing of composite roll products such as reinforcement bars, angles, channels etc.
High Chrome Steel:
High chrome steel is a chromium-free, ferritic alloy of iron and nickel with carbon content between 0.25% to 2%. It has the ability to absorb impact and abrasion very well owing to which it is used in composite roll products. The product also provides high corrosion resistance, strength, hardness along with improved dimensional stability at elevated temperatures as compared to low chrome steel products.
Application Insights:
The composite roll is used in various applications including work roll and backup roll. In 2017, the work roll segment dominated the global market with a share of over 80% and is expected to maintain its lead over the forecast period. The use of composite rolls for making high-quality steel sheets has been a major factor driving their demand in this application segment.
Work rolls are used to produce long products such as beams, bars, rails and other structural components that are required for building & construction industry across the globe on a daily basis.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing demand from end-use industries such as automotive, construction, aerospace & defense, energy & power. In addition, rising infrastructure activities in emerging economies such as China and India are expected to drive product demand over the next eight years.
The presence of key steel producers including Nippon Steel & Sumitomo Metal Corporation (NSSMC) Japan; POSCO Korea; and SAIC Group is anticipated to augment market growth in Asia Pacific region. In addition, rapid industrialization along with growing investments for manufacturing facilities expansion is further anticipated to fuel product demand across various end-use applications over the forecast period.
Europe was estimated at USD X billion in 2017 owing high performance steel production capacity of major countries including Germany; UK; France; Russia etc.
Growth Factors:
- Increasing demand from the construction and automotive industries
- Growing popularity of composites in wind energy applications
- Rising demand for lightweight and durable materials in aerospace industry
- Technological advancements in composite manufacturing processes
- Growing awareness about the benefits of composites among end-users
Scope Of The Report
Report Attributes
Report Details
Report Title
Composite Roll Market Research Report
By Type
High Speed Steel, High Chrome Steel, High Chromium Iron, Other
By Application
Work Roll, Backup Roll
By Companies
China First Heavy Industries, Mitsubishi Materials Corporation, TaeguTec, Kark, Marmacor, VirtualExpo Group, DANIELI, Inter Cast, Hyperion
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
240
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Composite Roll Market Report Segments:
The global Composite Roll market is segmented on the basis of:
Types
High Speed Steel, High Chrome Steel, High Chromium Iron, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Work Roll, Backup Roll
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- China First Heavy Industries
- Mitsubishi Materials Corporation
- TaeguTec
- Kark
- Marmacor
- VirtualExpo Group
- DANIELI
- Inter Cast
- Hyperion
Highlights of The Composite Roll Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- High Speed Steel
- High Chrome Steel
- High Chromium Iron
- Other
- By Application:
- Work Roll
- Backup Roll
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Composite Roll Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A composite roll is a type of paper that is made up of several different types of paper. This makes it stronger and more durable than other types of paper.
Some of the key players operating in the composite roll market are China First Heavy Industries, Mitsubishi Materials Corporation, TaeguTec, Kark, Marmacor, VirtualExpo Group, DANIELI, Inter Cast, Hyperion.
The composite roll market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Composite Roll Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Composite Roll Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Composite Roll Market - Supply Chain
4.5. Global Composite Roll Market Forecast
4.5.1. Composite Roll Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Composite Roll Market Size (000 Units) and Y-o-Y Growth
4.5.3. Composite Roll Market Absolute $ Opportunity
5. Global Composite Roll Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Composite Roll Market Size and Volume Forecast by Type
5.3.1. High Speed Steel
5.3.2. High Chrome Steel
5.3.3. High Chromium Iron
5.3.4. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Composite Roll Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Composite Roll Market Size and Volume Forecast by Application
6.3.1. Work Roll
6.3.2. Backup Roll
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Composite Roll Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Composite Roll Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Composite Roll Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Composite Roll Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Composite Roll Demand Share Forecast, 2019-2026
9. North America Composite Roll Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Composite Roll Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Composite Roll Market Size and Volume Forecast by Application
9.4.1. Work Roll
9.4.2. Backup Roll
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Composite Roll Market Size and Volume Forecast by Type
9.7.1. High Speed Steel
9.7.2. High Chrome Steel
9.7.3. High Chromium Iron
9.7.4. Other
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Composite Roll Demand Share Forecast, 2019-2026
10. Latin America Composite Roll Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Composite Roll Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Composite Roll Market Size and Volume Forecast by Application
10.4.1. Work Roll
10.4.2. Backup Roll
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Composite Roll Market Size and Volume Forecast by Type
10.7.1. High Speed Steel
10.7.2. High Chrome Steel
10.7.3. High Chromium Iron
10.7.4. Other
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Composite Roll Demand Share Forecast, 2019-2026
11. Europe Composite Roll Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Composite Roll Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Composite Roll Market Size and Volume Forecast by Application
11.4.1. Work Roll
11.4.2. Backup Roll
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Composite Roll Market Size and Volume Forecast by Type
11.7.1. High Speed Steel
11.7.2. High Chrome Steel
11.7.3. High Chromium Iron
11.7.4. Other
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Composite Roll Demand Share, 2019-2026
12. Asia Pacific Composite Roll Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Composite Roll Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Composite Roll Market Size and Volume Forecast by Application
12.4.1. Work Roll
12.4.2. Backup Roll
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Composite Roll Market Size and Volume Forecast by Type
12.7.1. High Speed Steel
12.7.2. High Chrome Steel
12.7.3. High Chromium Iron
12.7.4. Other
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Composite Roll Demand Share, 2019-2026
13. Middle East & Africa Composite Roll Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Composite Roll Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Composite Roll Market Size and Volume Forecast by Application
13.4.1. Work Roll
13.4.2. Backup Roll
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Composite Roll Market Size and Volume Forecast by Type
13.7.1. High Speed Steel
13.7.2. High Chrome Steel
13.7.3. High Chromium Iron
13.7.4. Other
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Composite Roll Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Composite Roll Market: Market Share Analysis
14.2. Composite Roll Distributors and Customers
14.3. Composite Roll Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. China First Heavy Industries
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Mitsubishi Materials Corporation
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. TaeguTec
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Kark
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Marmacor
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. VirtualExpo Group
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. DANIELI
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Inter Cast
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Hyperion
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
