Spandex

Global Spandex Market to Reach US$9.4 Billion by 2030

The global market for Spandex estimated at US$8.0 Billion in the year 2024, is expected to reach US$9.4 Billion by 2030, growing at a CAGR of 2.6% over the analysis period 2024-2030. Two-Way, one of the segments analyzed in the report, is expected to record a 3.0% CAGR and reach US$6.2 Billion by the end of the analysis period. Growth in the Four-Way segment is estimated at 2.0% CAGR over the analysis period.

The U.S. Market is Estimated at US$2.2 Billion While China is Forecast to Grow at 4.3% CAGR

The Spandex market in the U.S. is estimated at US$2.2 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.8 Billion by the year 2030 trailing a CAGR of 4.3% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 1.7% and 2.5% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 2.1% CAGR.

Global Spandex Market - Key Trends and Drivers Summarized

Why Is Spandex Becoming the Fabric of Choice in the Fashion Industry?
Spandex, known for its exceptional stretchability, comfort, and lightweight properties, is becoming the fabric of choice in the fashion industry. Widely used in sportswear, athleisure, intimate apparel, and medical textiles, spandex provides the flexibility, durability, and moisture-wicking capabilities that modern consumers demand. As the trend towards active lifestyles and athleisure wear continues to rise, the demand for spandex-based fabrics is growing rapidly. The versatility of spandex to blend with other fibers, such as cotton, polyester, and nylon, further enhances its appeal in the fashion industry, making it ideal for a wide range of clothing, from leggings and swimsuits to compression garments and socks. The increasing focus on comfort, fit, and performance in apparel is driving the adoption of spandex in both mainstream and high-performance clothing segments.

How Are Technological Innovations Enhancing the Spandex Market?
Technological advancements in spandex fiber production, dyeing processes, and fabric design are significantly enhancing the quality, functionality, and sustainability of spandex fabrics. The development of bio-based and recycled spandex solutions is gaining traction, addressing environmental concerns and promoting sustainable fashion. Innovations in fiber blending, knitting, and weaving technologies are enabling the creation of ultra-thin, lightweight, and heat-resistant spandex fabrics that provide superior stretch, comfort, and breathability. Additionally, advancements in moisture-wicking, anti-microbial, and UV-resistant properties are expanding the application scope of spandex in sportswear, medical textiles, and outdoor clothing. The integration of smart textiles and digital printing technologies with spandex is further driving market innovation, supporting the growth of the spandex market across various textile segments.

Which Market Segments Are Leading the Growth of the Spandex Industry?
Types of spandex include solution dry spinning, solution wet spinning, and melt extrusion, with solution dry spinning holding the largest market share due to its cost-effectiveness and high-quality fiber production. Applications of spandex span apparel, medical textiles, automotive textiles, and home textiles, with apparel being the dominant segment due to the high demand for sportswear, athleisure, intimate wear, and compression garments. End-use sectors comprise fashion, healthcare, automotive, and home furnishings, with fashion leading the market due to the growing trend towards activewear, casual wear, and sustainable fashion. Geographically, Asia-Pacific is the largest market for spandex, driven by the strong presence of textile manufacturers, high demand for sportswear and casual wear, and favorable government policies, while North America and Europe are also significant markets due to their focus on innovation, sustainability, and premium clothing.

What Are the Key Drivers of Growth in the Spandex Market?
The growth in the spandex market is driven by several factors, including rising demand for comfortable, stretchable, and lightweight fabrics, technological advancements in spandex fiber production and fabric design, and increasing popularity of athleisure and sportswear. The need to provide high-performance, durable, and versatile fabrics for fashion, healthcare, and automotive applications is driving the demand for spandex. Technological innovations in bio-based, recycled, and smart spandex solutions, coupled with advancements in moisture-wicking, anti-microbial, and UV-resistant properties, are enhancing the appeal and marketability of spandex fabrics, supporting market growth. The expansion of spandex applications in medical textiles, automotive interiors, home furnishings, and outdoor clothing, along with the growing emphasis on sustainable fashion, circular economy, and ethical sourcing, is creating new opportunities for market players. Additionally, the focus on developing high-performance, ultra-thin, and heat-resistant spandex fabrics for diverse applications is further propelling the growth of the spandex market.

SCOPE OF STUDY:

The report analyzes the Spandex market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Fabric Type (Two-Way, Four-Way); Process (Knitting, Weaving, Yarn Covering); Application (Clothing, Medical, Other Applications)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 41 Featured) -

• Asahi Kasei Corporation
• Hyosung Corporation
• Indorama Industries Limited
• INVISTA
• TAEKWANG Industrial Co., Ltd.
• Toray Industries, Inc.
• Xiamen Lilong Spandex Co., Ltd.
• Zhejiang Huafon Spandex Co., Ltd.

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

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APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

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INDIA
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