10-Aug-2020 | Zion Market Research
According to Zion Market Research, the worldwide market for elastic laminates is likely to be capitalized at US$ 8.57 billion by the end of 2026. The elastic laminates market is estimated to develop with a CAGR of above 5.9% during the forecast period. The elastic laminates have better stretch properties & help diaper, adult incontinence, and feminine care producers to build comfort into their products. The elastic laminates are utilized for better elasticity in hygiene products. The elastic laminates can have various structures like film-based, strand-based, nonwovens-based, and netting-based.
Some of the major players in the market are Pantex International S.p.A., Golden Phoenix Fiberwebs, Inc., Mondi Group plc, Neos Italia Srl, Exxon Mobil Corp, Berry Global Group, Inc., Schweitzer-Mauduit International, Inc., Tredegar Corporation, Aplix S.A., and Kraton Corporation. Several regional and unrecognized players are estimated to contribute to the worldwide elastic laminates market in 2019–2025.
Surge In Demand For Incontinence Products & Diapers To Boost The Expansion Of Global Elastic Laminates Market
The use of elastic laminates in baby diapers makes up for over 78% of the sanitation application products section. The producers desire to utilize elastic laminates to produce premium hygiene products so as to offer better comfort, leakage resistance, and absorbency. The high birth rates in emerging nations are anticipated to boost the development of the worldwide elastic laminates market. The elastic laminates are utilized in the back-sheets of diapers as they offer good water vapor diffusion, making the diapers extremely comfortable to the wearer. The temperature and relative humidity in the diaper or other sanitized products like sanitary pads and adult diapers can be lowered by utilizing laminates of nonwoven webs and breathable films. There are massive opportunities for companies operating in the worldwide elastic laminate market to overcome the Asian markets, considering the fact that the acquiring power of the people is surging, with the augmenting awareness on the subject of personal hygiene.
The global elastic laminates market is segmented based on type, applications, and geography. On the basis of type, the market is divided into styrene-block copolymers, ethylene-based elastomers, and propylene-based elastomers. On the account of the applications, the market is divided into medical, hygiene, and others.
Asia Pacific Region To Rule The Global Elastic Laminates Market Owing To Rapid Economic Development
Based on the geographical analysis, the global elastic laminates market is divided into North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. The Asia Pacific region is expected to hold maximum share in the elastic laminates market globally. The rising understanding amongst people to uphold better hygiene coupled with widespread programs led to spread awareness concerning the benefits of new products resulted in the demand across the Asia Pacific elastic laminates market. Additionally, the fast economic development that surged disposable earnings among people also boosted the growth in the Asia Pacific.
Browse the full “Elastic Laminates Market - By Type (Propylene-Based Elastomers, Ethylene-Based Elastomers, and Styrene-Block Copolymers), Applications (Medical, Hygiene, and Others), And By Region - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026.” Report at https://www.zionmarketresearch.com/report/elastic-laminates-market
The global elastic laminates market is segmented as follows:
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