The chemical industry is focused to keep the business operations running along with ensuring the labor safety amid the COVID-19 pandemic. To recover the losses created by the decline in demand for various products, the companies are capitalizing on the escalating demand for products such as disinfectants and personal protective equipment. Many leading players in the chemical industry have expanded their business to enter into the production of safety products. Companies are resorting to advanced technologies in production to reduce the dependence on work-force.
They are increasingly adopting advanced digital capabilities to integrate supply chain and logistics to ensure the effective delivery of products. The industry heads are seeking the real-time situation of their supply chains to identify potential weaknesses, especially in terms of geography, and strengthen it. The financial disclosures are being extended beyond the usual financial statements to deal with the risks that have aroused amid the COVID-19 pandemic.
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Conveyor Belt Fabrics Market: Introduction
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.
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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:
- Light Weight
- Medium Weight
- Heavy Weight
By application, the conveyor belt fabric market can be segmented as:
- Food Production
- Commercial Application
- Electricity Generation
- 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:
- 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.
- Emerson Electric co.
- Schieffer Magam Industries Ltd.
- Apex Belting Ltd.
- ALM Inc.
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