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The expected growth rate for the global elastic market from its 2024 valuation of $1117.81M to its 2031 valuation of $1637.97M is 5.8% compound annual growth rate (CAGR) from 2024 to 2031.
There is a wide variety of elastic laminates, each developed for a particular use in a different sector of the economy. The stretchiness and comfort offered by strand-based elastic laminates make them useful in a variety of wearable items, including diapers for both babies and adults. Hygiene tapes made from film have a special use since they provide the strength and adhesive qualities needed for a secure application. Elastic laminates that rely on netting have a co-extruded multilayer structure that utilizes many polymer layers in the same netting arrangement. This allows them to be used for a wide range of purposes. Nonwoven elastic laminates, on the other hand, are made up of fibers and thermoplastic elastic polymers that can be stretched into webs.
In the Elastic Market, the knitted segment is very important, particularly for the manufacturing of elastic materials that are utilized in many different sectors. Clothing, medical textiles, automobile components, and countless other consumer and industrial goods rely on knitted elastic fabrics for their adaptability and versatility. The capacity to manufacture elastic fabrics with exceptional stretchability, durability, and comfort is the segment's main selling point.
In the delivery of specialized elastic materials used across several industries, the woven segment plays a crucial role. Woven elastic fabrics are indispensable in many fields due to their exceptional strength, resilience, and customized elasticity. Woven elastic fabrics offer structural stability and flexibility, making them ideal for use in the garment industry. These materials are commonly used for formal wear, outerwear, and accessories.
Demand for elastic materials and technologies was propelled by the underwear category, which accounted for the highest share of the elastic market in 2023. Intimate garments made for this market category rely largely on elastic materials and components to provide a snug fit, adequate support, and comfort. Underwear manufacturing relies heavily on elastic materials, which are utilized in a variety of ways, including elastic leg bands and waistbands. These, which offer both support and flexibility, are crucial for a good fit and to avoid slipping. As a result, this subsegment will most certainly maintain its market dominance going forward.
The elastic industry is booming because of emerging trends, like how many different businesses are using cloud-based solutions. The demand for Elastic's analytics, logging, and search capabilities is going up due to this rise. With more and more companies moving their operations to the cloud, Elastic is meeting the growing need for efficient data management and thorough analysis. At the same time, the need for real-time insights and skilled data exploitation is being magnified by the worldwide drive towards digital transformation projects.
The complex web of data privacy and security issues is a major limitation impacting the elastic market. Security of sensitive information is becoming more important as the amount of data continues to expand at an exponential rate and more and more companies use Elastic's search, logging, and analytics solutions. There are major limitations on data processing and storage techniques due to the ever-changing regulatory landscape, which is marked by strict standards and increased compliance protocols worldwide.
With more and more businesses moving to the cloud and embracing digital transformation, the elastic market is set to experience explosive growth. There is an urgent demand for effective and simplified analytics, logging, and search solutions due to the paradigm change towards cloud-based operations. Businesses are moving more and more of their operations to the cloud, which means there is a greater need for powerful platforms that can process and analyze large amounts of data very easily. Elastic is well-positioned to take advantage of this emerging trend because to its comprehensive set of search and analytics tools.
Report Coverage
Global Elastic research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Elastic report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Elastic competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Elastic market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Elastic market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Elastic market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Stretchline, Taiwan Paiho, Fulflex, Asheboro Elastics Corp, Rimteks, Spica Group, Hung Hon (4K), Premco Global, SANKEI, Amanda Textile.
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2031. INFINITIVE DATA EXPERT has segmented the global Elastic market based on the below-mentioned segments:
Global Elastic Market, By Type
Braided
Woven
Knitted
Global Elastic market, By Application
Apparel
Underwear
Others
Global Elastic market, Regional Analysis
There is a wide variety of elastic laminates, each developed for a particular use in a different sector of the economy. The stretchiness and comfort offered by strand-based elastic laminates make them useful in a variety of wearable items, including diapers for both babies and adults. Hygiene tapes made from film have a special use since they provide the strength and adhesive qualities needed for a secure application. Elastic laminates that rely on netting have a co-extruded multilayer structure that utilizes many polymer layers in the same netting arrangement. This allows them to be used for a wide range of purposes. Nonwoven elastic laminates, on the other hand, are made up of fibers and thermoplastic elastic polymers that can be stretched into webs.
In the Elastic Market, the knitted segment is very important, particularly for the manufacturing of elastic materials that are utilized in many different sectors. Clothing, medical textiles, automobile components, and countless other consumer and industrial goods rely on knitted elastic fabrics for their adaptability and versatility. The capacity to manufacture elastic fabrics with exceptional stretchability, durability, and comfort is the segment's main selling point.
In the delivery of specialized elastic materials used across several industries, the woven segment plays a crucial role. Woven elastic fabrics are indispensable in many fields due to their exceptional strength, resilience, and customized elasticity. Woven elastic fabrics offer structural stability and flexibility, making them ideal for use in the garment industry. These materials are commonly used for formal wear, outerwear, and accessories.
Demand for elastic materials and technologies was propelled by the underwear category, which accounted for the highest share of the elastic market in 2023. Intimate garments made for this market category rely largely on elastic materials and components to provide a snug fit, adequate support, and comfort. Underwear manufacturing relies heavily on elastic materials, which are utilized in a variety of ways, including elastic leg bands and waistbands. These, which offer both support and flexibility, are crucial for a good fit and to avoid slipping. As a result, this subsegment will most certainly maintain its market dominance going forward.
The elastic industry is booming because of emerging trends, like how many different businesses are using cloud-based solutions. The demand for Elastic's analytics, logging, and search capabilities is going up due to this rise. With more and more companies moving their operations to the cloud, Elastic is meeting the growing need for efficient data management and thorough analysis. At the same time, the need for real-time insights and skilled data exploitation is being magnified by the worldwide drive towards digital transformation projects.
The complex web of data privacy and security issues is a major limitation impacting the elastic market. Security of sensitive information is becoming more important as the amount of data continues to expand at an exponential rate and more and more companies use Elastic's search, logging, and analytics solutions. There are major limitations on data processing and storage techniques due to the ever-changing regulatory landscape, which is marked by strict standards and increased compliance protocols worldwide.
With more and more businesses moving to the cloud and embracing digital transformation, the elastic market is set to experience explosive growth. There is an urgent demand for effective and simplified analytics, logging, and search solutions due to the paradigm change towards cloud-based operations. Businesses are moving more and more of their operations to the cloud, which means there is a greater need for powerful platforms that can process and analyze large amounts of data very easily. Elastic is well-positioned to take advantage of this emerging trend because to its comprehensive set of search and analytics tools.
Report Coverage
Global Elastic research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Elastic report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Elastic competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Elastic market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2031 |
| Base Year | 2023 |
| Forecast Period | 2023-2031 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Stretchline, Taiwan Paiho, Fulflex, Asheboro Elastics Corp, Rimteks, Spica Group, Hung Hon (4K), Premco Global, SANKEI, Amanda Textile. |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Elastic Market from 2021 to 2031.
- Market Forecast for Elastic Market from 2021 to 2031.
- Regional Market Share and Revenue from 2021 to 2031.
- Country Market share within region from 2021 to 2031.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Elastic competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Elastic
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Elastic market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Elastic market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Stretchline, Taiwan Paiho, Fulflex, Asheboro Elastics Corp, Rimteks, Spica Group, Hung Hon (4K), Premco Global, SANKEI, Amanda Textile.
Primary Target Market
- Market Players of Elastic
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2031. INFINITIVE DATA EXPERT has segmented the global Elastic market based on the below-mentioned segments:
Global Elastic Market, By Type
Braided
Woven
Knitted
Global Elastic market, By Application
Apparel
Underwear
Others
Global Elastic market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
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