Global rubber conveyor belt market will exhibit strong progress over the coming years due to the widespread applications of the product in the mining sector. Manual material handling activities in this industry pose great risk to workers’ safety. This has augmented the adoption of rubber conveyor belts.

These products are an affordable alternative to the PVC ones, while providing superior anti-corrosion properties. Robust expansion of the mining sector, driven by electronics manufacturing growth, has fueled the demand for reliable material transportation solutions. Rubber-based conveyor belts are commonly used to handle bulk materials, such as raw ores and aggregates.

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Governments across the world are introducing a wide range of initiatives to help the manufacturing sector grow. According to the India Brand Equity Foundation (IBEF), in September 2021, the Indian government approved PLI scheme worth USD 3.35 billion for the auto and drone industries to enhance the country’s manufacturing capabilities. This will greatly improve the demand for rubber conveyor belts for material handling and transportation applications.

Global rubber conveyor belt market value is projected to exceed USD 4 billion by 2027. Below mentioned are some of the key trends expanding the industry size:

Steel reinforced conveyor belts gain traction among end-users:

Global industry size from steel reinforced conveyor belts will record an impressive growth rate during the forecast timeline. These belts are widely used in the construction as well as mining sectors for transporting large volumes of raw materials and finished goods over different units.

Since they do not corrode easily, they offer optimal performance in some of the harshest factory conditions. They are available in a variety of top and bottom cover compounds, which will protect the belts from oil spill, fire, heat, and abrasion.

Several companies are investing in their production capacities to facilitate the product’s large-scale production. For instance, in February 2022, German manufacturing firm Continental AG announced plans to invest EUR 25 million to expand its steel cord conveyor belt production facilities in Brazil. This move will help the company meet the rising demand for high-strength belts, a common feature in the South American mining industry.

Construction activities witness remarkable growth:

Urbanization and industrialization have played a key role in increasing the number of commercial infrastructure projects across the world. For example, the Philippines is noticing a strong rise in commercial construction activities. In January 2022, the Provincial Government of Pangasinan (PGP) in association with Manila Water Company (MWC), Inc. and its fully owned division, Manila Water Philippine Ventures, Inc. (MWPV) inked the Concession Agreement.

It also conducted the groundbreaking ceremony for its Bulk Water Supply Project that will last 25 years. The water consortium is expected to invest PHP 8 billion (USD 155 million) during this period. Projects like these have positively affected the production and sale of construction materials. Rubber conveyor belts will be used in the construction industry to ensure safer material handling.

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Asia Pacific rubber conveyor belt market shows consistent progress:

Asia Pacific rubber conveyor belt market share will increase at a commendable rate in the future. The mining and construction sectors of several countries, such as India, South Korea, and China are expanding at a strong pace due to the rising foreign direct investments (FDIs) and infrastructure activities. This scenario will favor the adoption of rubber conveyor belts as they have high tensile strength and can effortlessly withstand different loads of materials.

Bridgestone Corporation, ContiTech AG, Garlock, ARTEGO, Fenner Group Holdings Limited, Oxford Rubbers, and Trelleborg, among many others, are the leading participants in global rubber conveyor belt market. The equipment demand is strong in applications across metal processing, power generation and cement manufacturing sectors. Recycling sector end-users will create promising new opportunities for the market, considering the surge in environmental protection policies and consumer awareness.

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