Conveyor belt, also known as transport belt, is used in the belt bearing and transporting materials in the role of rubber and fiber, metal composite products, or plastic and fabric composite products with high temperature resistance, wear resistance, anti-static and other characteristics.

The conveyor belt has developed for many years, in 1795 the United States formally put forward the concept of rubber conveyor belt – canvas belt. After years of development, since the 21st century, with the popularization and application of calendering extrusion process, the use of environmental-friendly TPU and other materials and the realization of precision conveying light conveyor belt market share continues to expand, light conveyor belt width further increased, product quality has also been greatly improved.

According to relevant data, from 2014 to 2018, China’s conveyor belt production presented a fluctuating trend, in 2018, China’s conveyor belt production reached 510 million square meters, an increase of 8.5% year on year.

It estimated that 2019 China’s conveyor belt production is about 560 million square meters according to the past year’s development growth rate and the current situation of the industry in 2019 production. Because the conveyor belt has a strong product characteristics, its industry characteristics are more obvious.

In production, in order to maintain the stability of the production line, customers will generally avoid random change of suppliers. Because the conveyor belt takes a relatively small proportion in the production cost, it is a consumable product, and the demand of downstream customers is stable and the price is not sensitive. In addition, industry capacity and scale are not the key competitive advantages, the company’s business performance mainly depends on the boom degree of market demand.

Due to the characteristics of the industry, conveyor belt industry enterprises are based on sales.

According to the recent two years of China’s rubber conveyor belt consumption data and the rubber conveyor belt in the total conveyor belt accounted for about 90% of the calculation, in 2019, China’s conveyor belt demand has a slight decline, 519 million square meters, which mainly due to the weak development of the downstream steel industry, the demand for conveyor belt has declined.