Global Elastic Rubber Tapes Market: Industry Analysis and Forecast (2020-2026)


Posted June 17, 2021 by mbkashid

Global Elastic Rubber Tapes Market size was valued at US$ XX Mn in 2019 and the total revenue is expected to grow at XX% through 2020 to 2026, reaching nearly US$ XX Mn in the forecast period.

 
Global Elastic Rubber Tapes Market size was valued at US$ XX Mn in 2019 and the total revenue is expected to grow at XX% through 2020 to 2026, reaching nearly US$ XX Mn in the forecast period.

The global Elastic Rubber Tapes Market report is a comprehensive analysis of the industry, market, and key players. The report has covered the market by demand and supply-side by segments. The global Elastic Rubber Tapes Market report also provides trends by market segments, technology, and investment with a competitive landscape.
Global Elastic Rubber Tapes Market Overview:

Elastic Rubber Tapes are narrow strips used in clothes and sold worldwide to increase the ability of garment stretch, for the mobility and suitable for various sizes to wear. Elastic comes in four types of construction, and each type varies with costs and benefits. The component which functions the stretching part is made of either rubber or a synthetic material like spandex; this stretching component is then covered with polyester, cotton, nylon, or an amalgamation of these or other fibers that allow it to stick the clothing.
Global Elastic Rubber Tapes Market Dynamics:

Elastic Rubber Tapes are made from latex and some are made without rubber, particularly in the medical field. And common elastic is made from rubber and polyester fiber. Elastic Rubber Tapes are can be stretched 10 times from their original length and regains their original shape when released. This can be repeated performed n number of times with no apparent degradation to the rubber. Rubber is a member of a larger class of materials called elastomers and it is difficult to overestimate their economic and technological importance.

The elastic rubber tape market is creating awareness in the fashion industry, media, and health and the rising disposable income of every individual increasing women spender are fueling the market growth of in near future. And these factors are expected to motivate the global elastic rubber tapes market. However, unskilled labor and the increasing price of natural and synthetic rubber are hampering the growth of the elastic rubber tapes market.
Global Elastic Rubber Tapes Market Segment Analysis:

By Type, Natural Rubber, and Knitted Elastic Narrow Fabric. Natural rubber is dominating the type segment of the elastic rubber tapes market. Natural rubber is one of the most important polymers used in human society. Natural rubber is an essential raw material used in the creation of around 40,000 varieties of products. Natural rubbers are also used in medical devices and tools like surgical gloves and catheters. Natural rubber is obtained from latex and a milky liquid present in either the latex vessels or in cells of rubber-producing plants. The driving properties of natural rubber are the capability to stretch n number of times without breaking, acts as an insulator for electricity, and does not have corrosive properties. These factors further drive the market growth of natural rubbers and boost the consumption of being eco-friendly.

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By Application, apparel, medical, home textile, fitness & rehab, and miscellaneous. The apparel industry is dominating the Elastic rubber tapes market as the elastic rubber tape is utilized in various clothing brands like underwear, lingerie's, intimate apparel, swimwear, knitwear, sportswear, and socks. Elastic rubber is used mostly for fitting reasons. Elastic rubber tapes are also used in trousers, top sleeves, waistband, wristband, hospital products, and hair bands. Elastic rubber tapes are also used in sports training and balance and endurance training programs. Elastic rubber tapes are also popular in shin guards, luggage pockets automobile covers, and car seats.

Second, dominating is the medical industry as elastic rubber tapes are used in the mask, hand gloves, bandages, caths, and others.

Global Elastic Rubber Tapes Market Regional Insights:

Global Elastic Rubber Tapes Market Regional Insights is segmented into North America, Asia Pacific, Europe, Latin America, Middle East, and Africa.

The Asia Pacific is dominating the elastic rubber tapes market as the region is contributing a larger share in terms of sports fashions and fitness wear owing to the growing demand for health awareness in the region. China is the dominating country in the Asia Pacific followed by India. China is the topmost country in terms of importing elastic rubber tapes market and has the largest textile industry globally.

China's market share in world apparel exports accounted for 40% in 2019 and is estimated to grow further in the forecast period. India is the second dominating country and accounted for 11% share in 2020 in terms of textile and clothing export in mercantile shipment. Vardhman textile is the leading conglomerate in India and has a turnover of USD 700 million per annum.

The objective of the report is to present a comprehensive analysis of the global Elastic Rubber Tapes Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the global Elastic Rubber Tapes Market dynamics, structure by analyzing the market segments and project the global Elastic Rubber Tapes Market size. Clear representation of competitive analysis of key players by Grade, price, financial position, Grade portfolio, growth strategies, and regional presence in the global Elastic Rubber Tapes Market make the report investor’s guide.

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Global Elastic Rubber Tapes Market Scope: Inquire before buying

Global Elastic Rubber Tapes Market, by Region

• North America
• Europe
• Asia Pacific
• The Middle East and Africa
• South America
Global Elastic Rubber Tapes Market Key Player

• BALAJI SUPER SPANDEX
• PT. FILLATTICE INDAH INDUSTRY
• Belaji Super Spandex
• Vijay Elastic
• Navsari Elastic Products
• ALTRA
• Garware
• Pioneer
• Habasit
• Elastomer
• Cardinal Health

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About Maximize Market Research: Maximize Market Research provides B2B and B2C research on 20,000 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.
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Issued By manisha
Country India
Categories Business
Tags Elastic Rubber Tapes Market
Last Updated June 17, 2021