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Elastic laminates will exceed US $ 5 billion in 2019, an increase of 5.1% compared to 2018. A new FMI survey of 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 laminating 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
Styrene block copolymer Others (PET base)
StructureElastic strand base Elastic film base
Elastic net base Elastic non-woven base
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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 laminating 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.
The post Elastic Laminating Market Is Set to Experience Revolutionary Growth by 2028 appeared first on Future Market Insights.
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