Uploaded on Aug 17, 2020
The global homogenous conveyor belt market was valued at USD 2,279.5 Mn in 2019 and is projected to reach USD X,XXX.0 Mn by 2027, expanding at a CAGR of 4.5% during the forecast period.
Global Homogeneous Conveyor Belt Market Research Report, Forecast 2027 | Growth Market Reports
Global Homogeneous Conveyor Belt Market By
Type (Thermoplastic Polyester Elastomer (TPE),
Thermoplastic Polyurethane (TPU), Polyvinyl
Chloride, Other), By Application (Automotive,
Food & Beverage, Chemical, Packaging,
Agriculture, Paper and Printing, Other), By
Region (North America, Europe, Asia Pacific,
Latin America, Middle East & Asia)
• The global homogenous conveyor belt market was valued at
USD 2,279.5 Mn in 2019 and is projected to reach USD
X,XXX.0 Mn by 2027, expanding at a CAGR of 4.5% during the
forecast period. The market is driven by factors such as an
increase in the use of homogenous conveyor belts in food
applications, rising industrial demand activities in emerging
economies, and increasing demand for automation in various
industries. However, high maintenance & service costs and
limited use of homogenous conveyor belts are key restraints
of this market. Rising R&D investments and growing e-
commerce industry are expected to boost the market in the
future.
Global Homogeneous Conveyor Belt Market
• On the basis of types, the homogenous conveyor belts market is
segmented into thermoplastic polyester elastomer, thermoplastic
polyurethane, polyvinyl chloride, and others. The thermoplastic polyester
elastomer segment holds X0.6% share of the market in 2019 due to
increasing demand from various industries. The thermoplastic
polyurethane segment is anticipated to expand at a CAGR of X.8% during
the forecast period owing to its capabilities of withstanding extreme
temperatures without warping and melting, which is suitable for the food
& beverage industry.
•
Based on applications, the homogenous conveyor belt market is classified
as the food & beverage industry, automotive industry, chemical industry,
agricultural industry, packaging industry, and others. The food & beverage
industry segment is projected to constitute X6.4% share of the market in
2027, as homogenous conveyor belts are considered to be one of the
safest and cleanest types of conveyor belts in the food industry.
Global Homogeneous Conveyor Belt Market Segment
• In terms of regions, the market has been fragmented into
North America, Europe, Asia Pacific, Latin America, and
Middle East & Africa. Asia Pacific is a promising region for
the market. The region constituted a X2.0% share of the
market in 2020. The market in the region is projected to
expand at a CAGR of X.8% during the forecast period. The
demand for homogenous conveyor belts is expected to
rise in Asia Pacific due to the rapid urbanization and
growth in industrialization sector.
Global Homogeneous Conveyor Belt Market Key
Player Analysis
Global Homogeneous Conveyor Belt Market Trends
• On the basis of types, the homogenous conveyor belts market is segmented
into thermoplastic polyester elastomer (TPE), thermoplastic polyurethane
(TPU), polyvinyl chloride (PVC) and others. The thermoplastic polyester
elastomer (TPE) segment accounts for a major share of the market; however,
the thermoplastic polyurethane (TPU) segment is anticipated to expand at a
high CAGR during the forecast period.
• TPE has properties of conventional thermoplastic and rubber. Its elastic
recovery and flexibility property are similar to that of rubber; however, its
processability is much better than that of rubber. Moreover, it offers UV
stability, weather resistance, heat resistance, and mechanical properties,
which are better than conventional rubber; therefore, TPE is ideal in various
industries such as textiles, food & beverage, and heavy-duty metal transfers.
• The use of TPU in the homogenous conveyor belt is the industries is
increasing, as it is environment-friendly, fully recyclable, and biodegradable,
which is a suitable alternative for PVC and other polymers. Additionally, the
use of TPU in conveyor belts is increasing as it can withstand extreme
temperatures without warping and melting.
Homogeneous Conveyor Belt Market Report
Attribute
Report Attribute Report Details
Base Year 2019
Historical Data 2017
Forecast Year 2027
Growth Rate 4.5%
Market Value in 2019 USD 2,279.5 Mn
By Region (North America, Europe, Asia
Regional scope
Pacific, Latin America, Middle East & Asia)
By Type (Thermoplastic Polyester Elastomer
(TPE), Thermoplastic Polyurethane (TPU),
Segments covered Polyvinyl Chloride, Other), By Application
(Automotive, Food & Beverage, Chemical,
Packaging, Agriculture, Paper and Printing,
Other)
Ammeraal Beltech, Chiorino S.p.A.,
ContiTech AG, Esbelt, Forbo Movement
Systems, Habasit, Intralox, Mafdel,
Key Companies Profiled
MEGADYNE S.P.A, NITTA Corporation,
REVEYRON SAS, Sparks Belting, Volta
Belting, Yong li
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