With a projected valuation of USD 3.87 billion in 2022, The Belting Fabrics Market is anticipated to expand at a compound annual growth rate (CAGR) of 5.2%. Conveyor belt reinforcement and other belting applications need the use of woven or non-woven belting textiles. They are intended to give the belts stability, strength, and durability to guarantee their safe and effective operation. Polyester, nylon, cotton, aramid, and glass fibres are just a few of the materials used to make belting fabrics. To give them further qualities like abrasion resistance, fire retardance, and oil resistance, additional coatings can be applied.
The growing need for rubber conveyor belts in the mining, industrial, and power sectors is expected to drive significant expansion in the conveyor belt segment throughout the forecast period. Due to the region's increasing industrialization and high demand from a variety of end-use industries, including mining, the automobile industry, and agriculture, the Asia Pacific area is predicted to dominate the belting fabric market.
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Power, mining, and transportation are just a few of the industries that depend on belting fabrics for essential functions. Due to its mechanical strength, resistance to cuts and wear, and flexibility at low temperatures, which make it a preferred choice in several end-use industries, polyester is predicted to increase at the fastest rate during the projected period.
To stay ahead of the competition and launch new products, the major companies in the global belting fabrics market are spending in R&D. The players are also concentrating on employing partnerships, collaborations, and mergers and acquisitions to increase their regional footprint.
Market Segmental Analysis
By Type
Transmission belts
Sandwich belts
Conveyor belts
By Application
Industrial
Agriculture
Mining
Packaging
Automotive
Others
By Fabric
Polyester
Nylon 6
Nylon 66
Monofilament
Aramid
Steel
Other
Country Scope
U.S.; Canada; U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia; China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico; Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria
Market Competitive Outlook
SRF Limited, Sanrhea Technical Textiles Ltd., Milliken, Star Polymers Inc, Arvind Ltd, Taconic, Azad Industries, Senyu Group, Ajy Tech India Pvt. Ltd, CEREX, FILATECH, and Shandong Helon Polytex Chemical Fibre.
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The study envisage detailed qualitative as well as quantitative market data insights and follows Industry benchmark classification and NAICS standards to built strong players coverage in the study.
Definition: Belting fabrics are used as reinforcement material in conveyor belts and other mechanical rubber equipment for the transmission of material or energy.
What's Trending in Market:Rapid Adoption of These Fabrics for the Productions of Conveyor BeltChallenges:Fluctuation in Raw Material Prices, Environment and Health Concerns, and Compliance to Stringent Regulations.Restraints:Lack of Supply Chain in Underdeveloped RegionsMarket Growth Drivers:High Demand for Belting Fabrics Used as Reinforcement Material inside the Conveyor BeltsRising Demand for Conveyor CarcassGlobal Belting Fabrics Market Development Scenario by Players Ø Financials Information, Business Overview and Product Specification Matrix Ø Patent Analysis Briefing* [if applicable] Ø No.
of Patents Issuance by Year / by Players / By Issuing Office Ø Key Development – Product/Service Launch, Mergers & Acquisition, Joint Ventures Belting Fabrics Market Competition Each company profiled in the research document is studied considering various factors such as product and its application portfolios, market share, growth potential, future plans, and development activity.
Most importantly, the report sheds light on important strategies that key and emerging players are taking to maintain their ranking in the Global Belting Fabrics Market.
2) Can we narrow the available business segments?
