USD 1.3 billion
Elastic Market Size, Share, and Growth Analysis
Elastic Market By Type (Woven, Knitted), By Application (Apparel, Underwear), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG15A2378 |
Region:
Global |
Published Date: February, 2025
Pages:
157
|Tables:
63
|Figures:
65
Format -
Elastic Market Insights
Elastic Market size was valued at USD 1.3 billion in 2023 and is poised to grow from USD 1.35 billion in 2024 to USD 1.85 billion by 2032, growing at a CAGR of 4.0% during the forecast period (2025-2032).
Elastic laminates encompass a diverse range of forms, each tailored for specific applications within various industries. Strand-based elastic laminates find utility in wearable products such as infant and adult diapers, offering flexibility and comfort. Film-based variants serve a distinct purpose in the production of hygiene tapes, providing strength and adhesive properties essential for secure application. Netting-based elastic laminates employ a co-extruded multilayer structure, featuring different polymer layers within the same netting configuration, designed to offer versatility in various applications. Meanwhile, elastic laminates based on nonwovens consist of extensible nonwoven webs composed of fibers and thermoplastic elastic polymers.
Market snapshot - 2025-2032
Global Market Size
Largest Segment
Apparel
Fastest Growth
Growth Rate
4.0% CAGR
Global Elastic Market ($ Bn)
Country Share for North America Region (%)
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Elastic Market Segments Analysis
Global Elastic Market is segmented by Type, Application and region. Based on Type, the market is segmented into Woven, Knitted and Others. Based on Application, the market is segmented into Apparel, Underwear and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Analysis by Type
The knitted segment holds a significant role within the Elastic Market, especially concerning the production of elastic materials used in various industries. Knitted elastic fabrics play a pivotal role in creating versatile and adaptable materials extensively used in clothing, medical textiles, automotive components, and other consumer and industrial applications. This segment's significance lies in its ability to produce elastic textiles that offer superior stretchability, durability, and comfort.
The woven segment assumes a crucial role in delivering specialized elastic materials utilized across diverse industries. Woven elastic fabrics offer distinct qualities of strength, resilience, and tailored elasticity, making them integral components in numerous applications. In apparel manufacturing, woven elastic materials find application in formal clothing, outerwear, and accessories, providing structural support and flexibility.
Analysis by Application
The underwear segment held the largest share in the elastic market in 2022, serving as a key driving factor promoting demand for elastic materials and technologies. This segment heavily relies on elastic fabrics and components to deliver comfort, fit, and support in intimate apparel manufacturing. Elastic materials play a significant role in underwear production in many forms such as elastic waistbands and leg bands. These are essential for ensuring proper fit and preventing slippage, providing both support and flexibility. Thus, this segment is likely to continue dominating the market in the forthcoming years.
The apparel segment is projected to register as the fastest growing segment for the elastic market during the forecast period. Elastic fabrics and components are key in the manufacturing of flexible, comfortable, and well-fitted clothing across various categories. Elasticized bands play a significant role in offering satisfaction to consumers in terms of easy movement, desired fit, and overall comfort. Their high use in both everyday attire and sports attire is further projected to help this segment attract significant revenues for the market in the long run.
Global Elastic Market By Application
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Elastic Market Regional Insights
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.
Asia Pacific emerges as a pivotal player in shaping the trajectory of the Elastic Market, showcasing rapid adoption and utilization of technology across diverse industries. With an evolving landscape of digital transformation and technological innovation, Asia Pacific stands as a burgeoning market for elastic's suite of solutions. This region's expanding IT infrastructure, coupled with a burgeoning startup ecosystem and a robust base of enterprises.
Global Elastic Market By Region
- Largest
- Fastest
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Elastic Market Dynamics
Elastic Market Drivers
Rising Adoption of Cloud-based Solutions
- 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.
Elastic Market Restraints
Data Privacy and Security Concerns to Impede Market Growth
- A notable constraint influencing the elastic market revolves around the intricate landscape of data privacy and security concerns. With the exponential surge in data volumes and a growing number of businesses integrating Elastic's solutions for search, logging, and analytics, safeguarding the confidentiality, integrity, and protection of sensitive information emerges as a paramount challenge. The evolving regulatory environment, characterized by stringent standards and heightened compliance measures globally, poses significant constraints on data handling and storage practices.
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Elastic Market Competitive Landscape
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.
Top Players in Elastic Market
- Elastic (United States)
- Google (United States)
- Microsoft (United States)
- Amazon Web Services (AWS) (United States)
- IBM (United States)
- Apache Software Foundation (United States)
- Coveo (Canada)
- Search365 (United States)
- Lucidworks (United States)
- Sajari (United Kingdom)
- Algolia (France)
- Swiftype (United States)
- Meilisearch (France)
- Solr (United States)
- OpenSearch (United States)
- Splunk (United States)
- Datadog (United States)
- Graylog (Germany)
Recent Developments
- 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.
Elastic Key Market Trends
- 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.
Elastic Market SkyQuest Analysis
SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
The global elastic market analysis reveals a dynamic marketplace with a number of standout trends and difficulties. Elastic is a dynamic software company specializing in an array of solutions catering to search, logging, security, and analytics needs. A leading open-source search and analytics engine renowned for its capabilities in enabling real-time exploration, analysis, and visualization of both structured and unstructured data sets.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 1.3 billion |
| Market size value in 2032 | USD 1.85 billion |
| Growth Rate | 4.0% |
| Base year | 2024 |
| Forecast period | 2025-2032 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Elastic Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Elastic Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Elastic Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Elastic Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Elastic Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Elastic Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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