Nobody that I'm aware of uses belt dressing on automobiles anymore.
If you have belt squeaking problem (presumably serpentine belts you dealing with), it's caused by the belt and/or poor pulley alignments.
water pump, idle-tensioner pulley, auto serpentine belt tensioner, etc. will all contribute to belt squeaking/squealing when they are mechanically in-question.
Sometimes, certain crankshaft arrangements will cause groaning.
Q.