Global Elastic Market

Elastic Market Size, Share, Growth Analysis, By Type(Braided, Woven, and Knitted), By Application(Apparel, Underwear, and Others), By Region - Industry Forecast 2025-2032


Report ID: SQMIG15A2378 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 63 | Figures: 65

Elastic Market News

  • In October 2023, Formlabs has announced the introduction of three healthcare-focused 3D printing materials to its library. BioMed Elastic 50A Resin, BioMed Flex 80A Resin, and IBT Flex Resin have been added to the company’s range of materials. The company says the two new BioMed materials will expand the applications for 3D printing in healthcare, reducing the time and costs associated with traditional production methods, such as moulding, for surgical models, medical devices, and more.

  • In May 2023, the winners of “Renewable Material of the Year 2023” Innovation Award are bio-based and biodegradable elastic materials from KUORI (CH), carbon-light yeast oil COLIPI (DE) and the plastic-free natural polymer traceless® (DE). The annual Renewable Materials Conference, which took place from 23-25 May, 2023, in Siegburg, Germany is one of the largest and most important gatherings for the renewable materials industry.

  • In October 2022, independent Netherlands-based photopolymer manufacturer Liqcreate has added a new elastic engineering resin to its 3D printing material portfolio. Designed to be one of the softest elastomer resins on the market, Elastomer-X features high elongation, good tear strength and a Shore A hardness of as low as 43, lending it a pliability akin to that of TPUs and silicones.

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FAQs

Global Elastic Market size was valued at USD 1215.2 Million in 2022 and is poised to grow from USD 1261.4 Million in 2023 to USD 1699.9 Million by 2031, growing at a CAGR of 3.8% in the forecast period (2024-2031).

The competitive environment of the global Elastic Market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. Innovation is a key competitive factor. Leading brands invest in research and development to introduce new flavors, packaging formats, and health-focused variations to cater to changing consumer preferences. They often set the trends in the industry. 'Stretchline', 'Taiwan Paiho', 'Fulflex', 'Asheboro Elastics Corp', 'Rimteks', 'Spica Group', 'Hung Hon (4K)', 'Premco Global', 'SANKEI', 'Amanda Textile'

The elastic market thrives on the back of burgeoning trends such as the widespread adoption of cloud-based solutions in various industries. This surge drives a heightened demand for Elastic's suite of search, logging, and analytics tools. As businesses transition their operations to the cloud, the imperative for streamlined data management and in-depth analysis intensifies, perfectly aligning with the capabilities offered by Elastic. Simultaneously, the global push towards digital transformation initiatives amplifies the urgency for real-time insights and adept data utilization.

The trajectory of the elastic market is poised for significant growth, propelled by the rising adoption of cloud computing and the widespread embrace of digital transformation across diverse industries. This paradigm shift towards cloud-based operations underscores a pivotal need for streamlined and efficient search, logging, and analytics solutions. As businesses increasingly migrate their operations to the cloud infrastructure, the demand intensifies for robust platforms that can seamlessly handle and derive insights from massive volumes of data. Elastic, with its suite of search and analytics tools, stands primed to capitalize on this burgeoning trend.

North America plays a pivotal role in propelling the elastic market, standing as a key driving force behind its growth and innovation. The region's proactive adoption of advanced technologies, particularly in cloud computing, data analytics, and digital transformation, positions it as a significant market for Elastic's suite of solutions.

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Global Elastic Market

Report ID: SQMIG15A2378

$5,300
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