Global Conveyor Belt Market Outlook in Next 10 Years

Global Conveyor Belt Market Outlook in Next 10 Years

According to a study, the global rubber conveyor belt market is projected to reach 4.41 billion USD by 2025, with the compound annual growth rate of 3% from 2017 to 2025.

In 2017, the solid carcass belt market accounted for 50.5% of the total rubber conveyor belt market. The products are widely used in the severe environment and underground mines. There will be more mining activities in the Asia-Pacific region, due to intensive infrastructure construction, rapid industrialization and urbanization as well as national policies. Thus, demand for belt will advance. So will the demand in South America. Besides, the huge investment in food, drink, chemical and pharmaceutical industries will also boost demand for rubber conveyor belt.