Market Trends of Conveyor Belt Industry In Mining Industry
Textile-reinforced Conveyor Belts to Witness Significant Growth
- Conveyor belts with textile reinforcement are typically used for abrasive and heavy-duty goods. They are a more affordable alternative to steel cord belts for shorter transporting distances and lesser capacities. The textile-reinforced conveyor belt is ideal for mining, mineral processing, and quarrying sectors. It may be blended with many different qualities, such as covers that are grease, heat, abrasion, impact, and fire-resistant quality. There are four basic types of construction for reinforcing high-strength belts: cord fabrics, straight warp fabrics, solid woven fabric, and cabled cords.
- The internal structure of a fabric belt carcass or textile consists of a single or multi-layered series of synthetic fabric layers interlaced between rubber-based shock-absorbent layers. The top and bottom sides of the belt consist of hard-wearing, abrasion, and cut-resistant rubber covers. The covers protect the belt from damage, especially at the loading points of the conveyor. This provides the tensile strength to the conveyor belt used in the mining industry.
- The strength, extension, and flexibility of synthetic fibers used in technical woven fabrics are higher than natural fibers used earlier. The primary fibers are cotton, viscose rayon, nylon, polyester, glass, and aramid. The aramid tenacity is seven times that of steel, and aramid is lighter than steel. It resists temperatures of 400-500 ºC, dampness, and chemicals and has high abrasion resistance. Thus, it is used in mining conveyor belts. Its strength significantly influences the mining industry's carrying capacity and operating safety of conveyor belts. Therefore, materials like textile-reinforced conveyor belts are anticipated to become more prevalent to boost the conveyor belt's strength.
- The belting manufacturers supply tables for fabric belting, reflecting the number of plies proposed for a belt based on the different types and grades of materials to be transported on the belt. The fabric is better than steel reinforcement in conveyor belts as textiles make it much more flexible, high-strength, energy-efficient, corrosion-resistant, and lightweight.
- With rising mining activities across several regions and increased investments in the mining industry, the need for textile-reinforced conveyor belts is expected to rise in the forecast period.
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Asia-P acific to Register Major Growth
- The government's ambitious 'Made in China 2025' initiative, partially inspired by Germany, for Industry 4.0 aims to boost the country's competitiveness in the industrial sector. The ten-year plan, introduced in May 2015, is the government's bid to shift the industries up to the medium-high end of the global industry value chain and foster several advanced manufacturing clusters. The increase in industrialization will grow the market for conveyor belt solutions for the mining sector.
- In April 2024, according to the National Development and Reform Commission, China announced it would build more coal mines to push for higher domestic supply and tame price increases. The world's biggest coal producer and consumer set targets to add about 300 million tons of annual mining capacity for "emergency storage reserves" by 2030.
- The increased government's infrastructure investments and investments from industries, coupled with the 'Make in India' initiative, are expected to drive the market studied. The Government of India increased the industrial sector's share of the gross domestic product (GDP) to 25% by 2022, from 17% in 2018.
- In February 2024, Indian state-run company Coal India announced it would begin operations at five new coal mines and expand the capacity of at least 16 existing mines to help meet the growing demand for fossil fuel. The miner plans to start operations at five new mines in the next fiscal year, with a combined annual capacity of 14.3 mt. These developments in the mining sector in India are likely to drive the market studied in the region.
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