Rubber conveyor belt market trends research and projections for 2019- 2026

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Rubber conveyor belt market share by applications
and regions for 2019- 2026
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• According to the latest research by GMI, Global
  Rubber Conveyor Belt Market size is expected to
  surpass USD 4 billion by 2026. Growing industrial
  usage for cleaning agents will propel the
  industry growth in the upcoming years
• Intensifying rubber conveyor belt usage in the
  mining industry will likely enhance the product
  use during the forecast timespan. These are
  widely used in underground mining and open pit
  mining applications as they offer efficient
  transportation services of bulk materials over
  short, medium, and long distances through
  topographically difficult terrains having steep
  angles.
• For long-distance coal conveying, these belts are
  preferred due to their anti-abrasive,
  flame-resistant, heat resistant, and
  oil-resistant properties and power savings
  capability.
• Moreover, increasing population and improving
  economic conditions are leading to an increase in
  the utilization for commodities, such as iron
  ore, coal, and copper, fueling the growth of
  mining industry. This is also directly bolstering
  the usage for rubber conveyor belts by 2026.

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• Some major findings of the rubber conveyor belt
  market report include
• The surging global demand across power
  generation, mining, and manufacturing industries
  will propel the rubber conveyor belt usage
• The high versatility, lightweight nature, and
  cost-effectiveness have made conveyor belts
  highly popular across various end-use industries
• Asia Pacific holds the major share in the overall
  rubber conveyor belt market due to significant
  presence of the end user industries such as
  mining, power generation, general manufacturing,
  recycling, etc.
• The steel cord reinforced conveyor belts have
  high tensile strength at maximum conveying
  capacity as well as excellent impact resistance,
  they also exhibit only slight elongation even
  over long conveyor distances.
• North America and Europe will show sluggish
  growth rate in comparison to other regions due to
  more adoption of renewable sources for power
  generation and slow growth rate in mining and
  other manufacturing sectors

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• Regional Analysis

• North America rubber conveyor belt market will be
  primarily driven by the demand from mining and
  manufacturing industries. The U.S. in one of the
  major mining countries of the world with the
  regional mineral deposits ranging from various
  ferrous and non-ferrous metals. The prevalence of
  several mining companies in the region will boost
  the regional product demand. In terms of revenue,
  the industry is estimated to reach over USD 1.5
  billion by 2026.

• Competitive Analysis

• Crucial rubber conveyor belt manufacturers
  consists of Bridgestone, YOKOHAMA, ContiTech,
  Fenner, Trelleborg, LUTZE, Bando, Garlock, SIG
  Società Italiana Gomma, Oxford Rubbers and ARTEGO
  etc.

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