Spandex Market, By Fabric Type (Two-Way and Four-Way), By Application (Apparel, Automotive, Medical, and Other Applications), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)
Spandex Market, By Fabric Type (Two-Way and Four-Way), By Application (Apparel, Automotive, Medical, and Other Applications), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)
Spandex is a synthetic fiber known for its exceptional elasticity. It is produced from polyurethane and contains between 85-95% polyurethane. Spandex fibers exhibit high moisture absorption as well as excellent elastic recovery, which allows it to be stretched and deformed yet maintain its original shape after stretching. These unique properties make it suitable for a wide range of applications from sportswear, jeans, leggings, shapewear, activewear to swimsuits and bras. Rising demand for athletic and activewear across the globe is driving the growth of the spandex market.
Market Dynamics:
Increasing demand for athletic and activewear is a key driver fueling growth of the global spandex market. Spandex offers properties such as stretch, sweat-wicking, compression, and moisture-wicking which makes it highly suitable for use in these end-use industries. Rising health awareness and increasing participation in sports and fitness activities has been boosting demand for sports apparel, footwear, and other accessories. However, fluctuations in raw material prices poses a challenge for market players. Rising inflation and unstable crude oil prices have been increasing production costs. Opportunities lie in development of bio-based spandex fibers as a sustainable alternative to conventional petroleum-based fibers.
Key Features of the Study:
This report provides in-depth analysis of the global spandex market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global spandex market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include INVISTA, Asahi Kasei Corporation, Hyosung Corporation, Zhejiang Huafon Spandex Co. Ltd., Yantai Tayho Advanced Materials Co. Ltd., Indorama Industries Ltd, TK Chemical Corp., Taekwang Industrial Co. Ltd, Jiangsu Shaungliang Spandex Co. Ltd., Xiamen Lilong Spandex Co. Ltd., Tayho Advanced Materials Co., Ltd, DuPont, BASF, Mitsubishi Chemical, Dongil Industries, Nippon Shokubai, and Guilin Songquan
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global spandex market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global spandex market
Detailed Segmentation
By Fabric Type
Two-Way
Four-Way
By Application
Apparel
Automotive
Medical
Other Applications
By Region:
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
Key Players Insights
INVISTA
Asahi Kasei Corporation
Hyosung Corporation
Zhejiang Huafon Spandex Co. Ltd.
Yantai Tayho Advanced Materials Co. Ltd.
Indorama Industries Ltd
TK Chemical Corp.
Taekwang Industrial Co. Ltd
Jiangsu Shaungliang Spandex Co. Ltd.
Xiamen Lilong Spandex Co. Ltd.
Tayho Advanced Materials Co., Ltd
DuPont
BASF
Mitsubishi Chemical
Dongil Industries
Nippon Shokubai
Guilin Songquan
1. RESEARCH OBJECTIVES AND ASSUMPTIONS
Research Objectives
Assumptions
Abbreviations
2. MARKET PURVIEW
Report Description
Market Definition and Scope
Executive Summary
Global Spandex Market, By Fabric Type
Global Spandex Market, By Application
Global Spandex Market, By Fabric Region
3. MARKET DYNAMICS, REGULATIONS, AND TRENDS ANALYSIS
Market Dynamics
Impact Analysis
Key Highlights
Regulatory Scenario
Product Launches/Approvals
PEST Analysis
PORTER’s Analysis
Merger and Acquisition Scenario
4. Global Spandex Market, By Fabric Type, 2024-2031, (USD Bn)
Introduction
Market Share Analysis, 2024 and 2031 (%)
Y-o-Y Growth Analysis, 2020 - 2031
Segment Trends
Two-Way
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Four-Way
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
5. Global Spandex Market, By Application, 2024-2031, (USD Bn)
Introduction
Market Share Analysis, 2024 and 2031 (%)
Y-o-Y Growth Analysis, 2020 - 2031
Segment Trends
Apparel
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Automotive
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Medical
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Other Applications
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
6. Global Spandex Market, By Region, 2019 - 2031, Value (USD Bn)
Introduction
Market Share (%) Analysis, 2024,2027 & 2031, Value (USD Bn)