Spandex - Global Market Outlook (2019-2027)
According to Stratistics MRC, the Global Spandex Market is accounted for $4.12 billion in 2019 and is expected to reach $9.29 billion by 2027 growing at a CAGR of 10.7% during the forecast period. Rising levels of utilization of spandex for development of stretchable fabric clothing and technological advancements to enhance the quality of spandex growth are few factors driving the growth of the market. However, the presence of various strict regulations and compliances regarding the reduction of emission and carbon footprint are hindering the growth of the market.
Spandex is a type of synthetic fiber generally characterized due to its significant elasticity capability. Spandex fiber is a manufactured fiber in which the fibre-forming substance is a long-chain synthetic polymer comprised of segmented polyurethane.
Based on the application, the apparel & clothing segment is anticipated to hold considerable market share during the forecast period due to the increasing demand for activewear, sportswear, intimate wear, yoga pants, cycling shorts and jerseys, swimwear, etc. and technology advancement with moisture management properties coupled with performance efficiency. By geography, North America is going to have a lucrative growth during the forecast period owing to increasing sportswear demand, improved standard of living coupled with increasing disposable incomes, rising health consciousness and growing production facilities.
Some of the key players profiled in the Spandex Market include Zhejiang Huafon Spandex Co. Ltd., Invista, Xiamen Lilong Spandex Co. Ltd., Toray Industries, TK Chemical Corp., Taekwang Industrial Co., Ltd, Mitsubishi Chemical Corporation, Jiangsu Shaungliang Spandex Co., Ltd., Indorama Industries Ltd, Hyosung Corporation, Far Eastern New Century Corporation, Du Pont, BASF SE, Asahi Kasei Corporation, and Yantai Tayho Advanced Material Corporation Ltd.
Fabric Types Covered:
• Two-Way Spandex
• Four-Way Spandex
Downstream Processes Covered:
• Covered Yarn
Production Processes Covered:
• Melt Extrusion
• Reaction Spinning
• Wet Spinning
• Dry Spinning
• Apparel & Clothing
• Medical & Healthcare
• Automotive Textile
• Home Furnishing
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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