Spandex Market, by Fabric Type (Two-Way and Four-Way), by Application (Clothing (Sportswear, Home Furnishing, Underwear, Other Casuals) and Medical (Diaper, Compression Stockings & Hoses, Other Medical)), by Process (Knitting, Weaving, and Yarn Covering),

Spandex Market, by Fabric Type (Two-Way and Four-Way), by Application (Clothing (Sportswear, Home Furnishing, Underwear, Other Casuals) and Medical (Diaper, Compression Stockings & Hoses, Other Medical)), by Process (Knitting, Weaving, and Yarn Covering), by Region (North America, Europe, Asia pacific, Latin America, and Middle East & Africa)- Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

Spandex is a synthetic fabric with high elasticity. The word “Spandex” is not a brand name, contrary to common opinion. This term refers to polyether-poly urea copolymer fabrics that have been manufactured using various production processes. The spandex fabric can stretch up to five to eight times its normal size, and it is commonly used in form-fitting consumer apparel. In most cases, spandex in its pure form is not used in the manufacturing of garments

Market Dynamics

The demand for sports and activewear is anticipated to increase due to a rapidly growing population and increased disposable incomes, consequently boosting market expansion. Growing awareness about maintaining a healthy lifestyle is projected to increase sports participation, raising the need for comfortable apparel, such as cycling pants. Increasing demand for apparel, such as undergarments, sportswear, and activewear, is predicted to propel the market's expansion due to rising disposable income levels and the growing popularity of various sports and leisure activities. The spandex fibre offers superior strength, weight, and versatility compared to other fibres, increasing its demand in the apparel and medical industries. In addition to possessing high elasticity and stretchability, it is frequently combined with cotton, wool, and other materials.

Growing demand for spandex from the medical industry for the manufacturing of medical textile is projected to create major market opportunities. Due to its high elasticity properties, it is majorly used in the production of clothing and apparel for the healthcare sector. On the other hand, the market is experiencing steady growth in the developing regions, due to changing lifestyle, growing affluence, and preferences among the people in these regions.

Key features of the study:

• This report provides an in-depth analysis of global spandex market, and provides market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2022-2030), considering 2021 as the base year
• It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global spandex market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
• 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., and Xiamen Lilong Spandex Co. Ltd
• Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future products launches, technology up gradation, market expansion, and marketing tactics
• The global spandex market report caters to various stakeholders in this industry including investors, suppliers, spandex 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:

• Global Spandex Market, By Fabric Type:
• Two-Way
• Four-Way
• Global Spandex Market, By Application:
• Clothing (Sportswear, Home Furnishing, Underwear, Other Casuals)
• Medical (Diaper, Compression Stockings & Hoses, Other Medical)
• Global Spandex Market, By Process:
• Knitting
• Weaving
• Yarn Covering
• Global Spandex Market, By Region:
• North America

U.S.

Canada

• Europe

U.K.

France

Germany

Rest of Europe

• Asia Pacific

China

India

Rest of Asia Pacific

• Latin America

Brazil

Argentina

Mexico

Rest of Latin America

• Middle East & Africa

Africa

• Company Profiles
• Invista*

Company Overview

Product Portfolio

Financial Performance

Key Strategies

Recent Developments

Future Plans

• 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.

“*” marked represents similar segmentation in other categories in the respective section.