Brazil Conveyor Belt Market Report and Forecast 2024-2032

Brazil Conveyor Belt Market Size

The Brazil conveyor belt market is projected to grow at a CAGR of 4.2% between 2024 and 2032, aided by the anticipated growth of the construction and food processing sector.

Brazil Conveyor Belt Market Outlook

• The Brazilian federal government is planning to invest BRL 300 million in the expansion of Rio airport infrastructure.

• In 2021, Brazil auctioned 22 airports to private players for infrastructure modernisation, which is expected to drive market growth.

• The revenue of Brazil’s food processing surged by 7.2% in 2023, which is expected to boost the market development.

Brazil Conveyor Belt Market Growth

The expansion of the Congohas Airport of Sao Paulo is expected to increase the passenger footprint at Brazil’s second-largest airport by 34%. The Spanish airport development company Aena plans to invest nearly EUR 370 million into the construction of a new airport terminal that can boost passenger handling capacity by 7.5 million people by 2028 and add a surface area of nearly 105,000 square meters. This is expected to accelerate the demand for medium-weight conveyor belts for handling passenger luggage over the forecast period.

The Brazil mining industry is expected to receive $64.5 billion in investments by 2028. Nearly 26.8% of those investments are aimed at boosting iron ore production (which accounted for over 70% of all mineral exports in 2023). Investments in socio-environmental reconstruction and logistics are expected to constitute a share of nearly 16.6% and 16.1% of the overall funding. This is expected to substantially bolster the demand for heavy-weight conveyor belts, which can streamline workflow operations within the mining industry.

Light-weight conveyor belts are manufactured from plastic materials like polyurethane, polyvinyl chloride, polyethylene, and polypropylene, apart from silicone and EPDM rubber. These plastics have excellent abrasion and chemical resistance properties and are well-suited for food processing and chemical handling applications. EPDM rubber finds increasing applications in outdoor conveyor belt systems due to its high degree of resistance to UV rays and external weather conditions.

Brazil Conveyor Belt Industry Segmentation

Brazil Conveyor Belt Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

Market Breakup by Product Type

• Medium-Weight Conveyor Belt

• Light-Weight Conveyor Belt

• Heavy-Weight Conveyor Belt

Market Breakup by End Use

• Mining

• Manufacturing

• Chemicals, Oils and Gases

• Aerospace

• Others

Market Breakup by Region

• São Paulo

• Minas Gerais

• Rio de Janeiro

• Bahia

• Rio Grande do Sul

Brazil Conveyor Belt Market Share

Based on region, the market is segmented into São Paulo, Minas Gerais, Rio de Janeiro, Bahia, and Rio Grande do Sul. Over the forecast period, Minas Gerais is expected to grow at a CAGR of 4.8%, due to the rapid industrial growth and infrastructure development.

Leading Companies in the Brazil Conveyor Belt Market

The growth of steel production in Brazil is expected to accelerate the demand for silicone-based conveyor belts, which are extensively used for their resistance to extreme temperatures and high durability.

• Continental AG

• Correias Mercúrio SA Indústria e Comércio.

• CVB Produtos Industriais Ltda.

• Evacon

• Fritz SCHÄFER GmbH & Co KG

• FIVES Group

• Others

Key Highlights of the Report