CONVEYOR BELT FABRICS MARKET GLOBAL ANALYSIS AND LATEST STUDY REPORT 2017 – 2025
The impact of COVID-19 pandemic can be felt across the chemical industry. The growing inability in the production and manufacturing processes, in the light of the self-quarantined workforce has caused a major disruption in the supply chain across the sector. Restrictions encouraged by this pandemic are obstructing the production of essentials such as life-saving drugs.
The nature of operation in chemical plants that cannot be easily stopped and started, makes the operational restrictions in these plants a serious concern for the industry leaders. Restricted and delayed shipments from China have created a price hike in the raw materials, affecting the core of the chemicals industry.
The slacking demand from different impacted industries such as automotive is negatively influencing the growth of the chemical industry. In light of the current crisis, the market leaders are focused to become self-reliant which is expected to benefit the economic growth of different economies in the longer term. Companies are triggering events to restructure and recover from the losses incurred during the COVID-19 pandemic.
Conveyor belts are integral components of a conveyor system, and are used to physically transport bulk materials from one place to another in an incessant motion. Conveyor belt fabric is a type of material used in conveyor belts, which must be long lasting, durable and resistant to a comprehensive range of moisture, temperature and chemicals. Conveyor belts are manufactured out of many different materials, all with differing specifications, properties and benefits. Moreover, fabric conveyor belts are used to transport heavy abrasive materials such as rock, ore or gravel, which create hefty need of conveyor belt fabrics.
In conveyor belt fabric, special fabric weaves are also presented for applications requiring high flex and high anti-tear properties. There is a wide range of belting fabrics available in the market that are used as reinforcement material inside the conveyor belts. Processed in multiple layers inside the conveyor belts, the belting fabrics are required to be resilient and offer requisite strength. The covering fabric of heavy duty conveyor belts primarily used and the skeleton material is steel wire, nylon, etc. Heavy duty conveyor belts are extensively used in the coal, steel, electricity, cement, building materials, mining, and other industries, excessive use of conveyor belts fabric for such industries escalates the market growth.
Conveyor Belt Fabrics Market: Dynamics
Accelerating demand of conveyor belt fabric is the reason of growing high industrial investment in all the regions. The qualities of conveyor belt fabric are profoundly dependent on its rigidness and strength, which increase its workability withstand the high pressure. Macroeconomic factors, such as GDP growth, are among major growth drivers for the conveyor belt fabric market. Evolution in infrastructure activities of airports, buildings, malls and others are also among the foremost factors driving the growth of the conveyor belt fabric market.
Heavy duty conveyor belts have rigid fabric in order to handle high pressure, so in big infrastructure projects need of these type of conveyor fabricated belts is intensified. According to ISO (International Standard Organization) special rubber layer with good fabric adhesion properties are the best fabricated material for conveyor belt. These standard leads industries to focus towards using of conveyor belt fabric for gaining adhesion properties. Economic slowdown in the European region and some of the Middle East countries, may act as a restraining factor for the conveyor belt fabric market.
Conveyor Belt Fabrics Market: Segmentation
Conveyor belt fabric market can be segmented based on product type, weight and cover type.
By product type, the conveyor belt fabric market can be segmented as:
R fabric (rigid fabric)
N fabric (non-rigid fabric)
DRA-fabric (interwoven polyester fabric)
CP-fabric (cotton/polyester fabric)
W-fabric (whisper fabric)
M-Fabric (monofilament fabric)
By weight, the conveyor belt fabric market can be segmented as:
By application, the conveyor belt fabric market can be segmented as:
Chemical & Fertilizers
Conveyor Belt Fabrics Market: Regional Outlook
The market of Asia Pacific prevails the global demand for the conveyor belts fabric market. Developing countries of Asia Pacific, such as India and China, have fast industrial investment and this is a prominent factor driving the demand for the conveyor belt fabric market in Asia Pacific. Therefore, Asia Pacific is estimated to be the substantially growing region for the conveyor belts fabric market during the forecast period. North America also has a significant market position for the conveyor belts fabric market; moreover owing to market saturation in several end-user industries in North America, the demand for conveyor belts and conveyor belt fabric is expected to exhibit a sluggish growth during the forecast period. The demand for conveyor belts fabric in the MEA region is expected to grow at a better pace in the near future primarily owing to developing economies.
Conveyor Belt Fabrics Market: Market Participants
Examples of some of the prominent market participants of the conveyor belt fabric market are: