Friday 28 September 2018

Global Rubber Transmission Belt Market : Technological Advancements, Evolving Industry Trends and Insights 2018-2024

ResearchMoz presents professional and in-depth study of "Rubber Transmission Belt Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024".

Belt drives have been used for more than 200 years for conveyance of materials and transmission of load. There are three basic types of power transmission belts – flat belts, V-belts, and synchronous belts. Flat belts have a rectangular cross section and are efficient due to low bending losses, low creep, and high modulus of elasticity of traction layers.

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V-belts are trapezoidal in cross section and are used in industrial applications because of their relative low cost, ease of installation, and wide range of sizes. These belts work as friction-fit drive elements, using the friction between the belt and the pulley to transmit power. They have a higher power transmission capacity than flat belts as the slip between the belt and pulley is negligible, while the higher friction on the belt flanks substantially lowers the loads on the bearings. Synchronous belts provide similar engagement as gears or chains, where the toothed profile meshes with corresponding grooves in the pulleys. They are used in applications where indexing, positioning, or a constant speed ratio is required. In internal combustion engines, they are used to drive camshafts, fuel injection pumps, balancer shafts, and water pumps. The new trend in the automobile industry is to downsize engines, thereby reducing fuel consumption and carbon emissions. Downsizing of engines mandates the use of high horsepower engines. This has made rubber transmission belts crucial to automobile manufacturers.

Compared to chain drives, rubber transmission belts have low noise operation and stable and non-slippery drive. They do not require lubrication and are light in weight. Thus, rubber transmission belts help save energy. Transmission belts can be homogeneously made of rubber or they can be reinforced by aramid, steel, or nylon fibers for high strength applications. Different types of rubber materials are used depending upon the specific application environment. Synthetic rubber, a crude oil by-product, is widely used in transmission belt applications as compared to natural rubber. Chloroprene-based rubber transmission belts are flame resistant and are used for difficult working conditions such as underground mining pits. Ethylene propylene diene monomer (EPDM) based rubber transmission belts are resistant to acid, oxygen, and ozone belts. They are used for high-temperature applications in foundries, cement works, steelworks, lime kilns, and brickworks. Nitrile-based rubber transmission belts operate at high temperatures and are resistant to oil and grease. Silicone rubber belts are resistant to chemicals, greases, and oils and have an exceptional anti-adhesive effect. Styrene-butadiene rubber (SBR) transmission belts are resistant to abrasion and have good antistatic properties. Natural rubber transmission belts are used for general purpose applications and have low level of damping. Most transmission belts used in automobiles are made up of blends of the rubbers mentioned above.

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The rubber transmission belt market is fragmented with a number of manufacturers scattered throughout the world. Asia Pacific is the largest manufacturer of rubber transmission belts with China being the dominant player in the market. Countries such as India, Thailand, and Malaysia use a significant proportion of natural rubber in their rubber belt formulations. However, since synthetic rubber prices have fallen in the last couple of years due to the drop in crude oil prices, the use of synthetic in rubber transmission belts is set to rise in the countries mentioned above. The U.S. is increasing its production of synthetic rubber belts as exploration of shale gas has led to a fall in prices of synthetic right. Among the consumers of rubber transmission belts, China is the leader, followed by the U.S. and Japan. Europe is witnessing a higher demand due to the increasing use of rubber transmission belts by automobile manufacturers in the region. Among the types of rubber, SBR transmission belts account for the largest market share in terms of volume. Among the belt types, the usage of synchronous belts is rising significantly in vehicular and industrial applications.

Key players operating in the rubber transmission belt market are Gates Corporation, TEC Belting Company, Bando Chemical Industries, Ltd., New England Belting Company, Belt corporation of America, Hsin Yung Chien Co., Ltd, Volga Transmissions Pvt. Ltd, PIX Transmissions Pvt. Ltd., Royal Auto International and J.K. Fenner (India) Limited.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

    Market segments and sub-segments
    Market trends and dynamics
    Supply and demand
    Market size
    Current trends/opportunities/challenges
    Competitive landscape
    Technological breakthroughs
    Value chain and stakeholder analysis

The regional analysis covers:

    North America (U.S. and Canada)
    Latin America (Mexico, Brazil, Peru, Chile, and others)
    Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
    Eastern Europe (Poland and Russia)
    Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
    Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

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Highlights of the report:

    A complete backdrop analysis, which includes an assessment of the parent market
    Important changes in market dynamics
    Market segmentation up to the second or third level
    Historical, current, and projected size of the market from the standpoint of both value and volume
    Reporting and evaluation of recent industry developments
    Market shares and strategies of key players
    Emerging niche segments and regional markets
    An objective assessment of the trajectory of the market
    Recommendations to companies for strengthening their foothold in the market

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