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Elastic Laminate Market Study: An Emerging Hint of Opportunity by 2028

12-27-2021 07:12 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Future Market Insights

/ PR Agency: Future Market Insights
Elastic Laminate Market Study: An Emerging Hint of Opportunity

Elastic laminates will exceed US $ 5 billion in 2019, an increase of 5.1% compared to 2018. A new FMI survey on elastic laminates around the world predicts strong adoption of elastic laminates by manufacturers of personal hygiene products, which currently hold an almost 85% share. .. Baby diapers are the most popular for applying elastic laminates, but the share of women's hygiene products is also growing rapidly. In addition, the increasing incorporation of elastic laminates into medical products such as medical tapes is expanding its revenue-increasing share of the global elastic laminate market, the report said.

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Non-woven webs and breathable films are now recognized as potential solutions for effectively addressing humidity-related problems associated with elastic laminates, primarily used in incontinence and sanitary products. The Merries Disposable Diaper, the first to introduce baby diapers with nearly 40% better breathability, continues to focus on innovation in breathable materials.

In a fairly fragmented situation in the global elastic laminate market, only 20-25% of total revenue comes from five companies, including Berry Global Group, Inc., Tredegar Corporation, Kraton Corporation, Schweitzer-Mauduit International, Inc. and Exxon. It belongs to a major company. Mobile Co., Ltd.

While top companies continue to strategically focus on M & A and new product launches, capacity expansion remains the most important move, the report said. Berry Global Group, Inc. Recently announced an increase in production capacity in North America, supported by a large investment in Spinlace technology used to manufacture elastic laminates.

Major segments covered in the elastic laminate market-
By material type:
Ethylene-based elastomer
Propene-based elastomer
Styrene block copolymer
Others (PET base)

Elastic strand base
Elastic film base
Elastic net base
Elastic non-woven base

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By application
Feminine care
Other applications

Schweitzer-Mauduit International, Inc. Increased processing capacity for polypropylene-based non-woven and net products. Aplix SA, Golden Phoenix Fiberwebs, Inc., Pantex International SpA, Neos Italia Srl and Mondi Group plc will occupy a larger collective share of the market value of elastic laminates. Regional expansion and new launches will drive the strategic growth of these players competing in the elastic laminate market.

The report forecasts a healthy CAGR of 5.6% for the global elastic laminate market value from 2018 to 2028.

Driven by availability and economical price, propylene will continue to be the preferred material choice among manufacturers of elastic laminates. However, the production of elastic laminates using elastomers based on ethylene, polyethylene terephthalate and styrene block copolymers has recently emerged as a popular trend.

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Technological advances aimed at developing low-cost, high-performance hygiene products have been cited as a key demand-determining factor driving the performance of the elastic laminate market. Manufacturers of hygiene and incontinence products are focusing on the introduction of products based on sustainable material-based elastic laminates. According to the report, the rapid shift to recyclable and bio-based materials drives strategic development for many companies investing aggressive R & D efforts to promote biodegradable elastic laminates in the market. doing.

Mr. Debashish Roy
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
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Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

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