It is estimated for the global belting fabrics market to witness growth at a healthy rate during the forecast period. The market even witnessed growth at a stable CAGR during the previous forecast period. The rising demand for belt fabric is driving industrial investment in all regions and is boosting the market throughout the globe. Macroeconomic factors such as GDP growth are also boosting the growth of the market during the forecast period.
There are numerous belting fabrics on the market that are used as reinforcement material inside the belts.
Belting fabrics must be resilient and strong because they are processed in multiple layers inside the belts. Heavy duty conveyor belts are widely used in coal, steel, electricity, cement, building materials, mining, and other industries; thus, the extensive use of the belt fabric in these industries drives the market growth.
The spread of COVID-19 has had a positive impact on the market, especially in the food and beverage and pharmaceutical sectors, which have been designated as essential services.
Key Benefits for Industry Participants Stakeholders:
The study's coverage of industry drivers, restrictions, and opportunities
neutral view on the state of the market
recent advancements and trends in the industry
Competitive environment and important players' plans
Covered are attractive development locations, potential niche markets, and
Size of the market in terms of value, past, present, and future
Detailed examination of the belting fabric market
Key Market Trends
Despite the fact that the COVID-19 pandemic is still affecting the growth of various industries, the outbreak’s immediate impact is diverse. While some industries will see a decrease in demand, many others will remain unaffected and will show promising growth opportunities.
The evolution of infrastructure activities such as airports, buildings, and shopping malls is also one of the primary factors driving the growth of the conveyor belt fabric market.
The stronger fabric belts have rigid fabric to withstand high pressure, so the demand for these types of conveyor fabricated belts is increased in large infrastructure projects.
The best-fabricated material for conveyor belts, according to ISO (International Standard Organization), is a special rubber layer with good fabric adhesion properties.
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Segmental Analysis of the Market
By Type
- R fabric
- N fabric
- RZ-fabric
- DRA-fabric
- XR-fabric
- CP-fabric
- W-fabric
- M-Fabric
- Y-fabric
It is estimated for the M fabric to witness a healthy growth in the market during the forecast period.
By Weight
- Light Weight
- Medium Weight
- Heavy Weight
It is estimated for the medium weight category to grow at a healthy rate in the market during the forecast period.
By Application
- Mining
- Food Production
- Commercial Application
- Construction
- Electricity Generation
- Automotive
- Chemical Fertilizers
- Packaging
The commercial application category is estimated to drive highest growth for the market during the forecast period.
The US to drive the growth of the market during the forecast period.
The U.S. is a major producer of cement and cement products, and the region’s growing construction sector will drive market revenue. Furthermore, the presence of several conveyor solution manufacturers in the region, as well as diverse range of steel and power generation companies, will support industry growth.
Competitive Landscape
Some of the prominent companies operating in the market are
- Siemens AG
- Bridgestone Corporation
- ContiTech AG (Continental AG)
- Phoenix CBS GmbH
- Fenner Dunlop Conveyor Belting
- FaBa Comercial Sevices
- Probelt Industrial Corp.
- Kale Conveyor
- Semperit AG Holding
- Ziligen A.S
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Frequently Asked Questions
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