Global Spandex Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031

According to our (Global Info Research) latest study, the global Spandex market size was valued at US$ 6039 million in 2024 and is forecast to a readjusted size of USD 8731 million by 2031 with a CAGR of 5.5% during review period.

This report studies the Spandex Fiber market, Spandex Fiber is a manufactured fiber in which the fiber forming substance is a long-chain synthetic polymer comprised of at least 85% of segmented polyurethane. Spandex fiber is a synthetic fiber known for its exceptional elasticity.

The spandex fiber market is experiencing notable growth, driven by increasing demand in various applications, including apparel, textiles, and industrial uses. Spandex, also known as elastane or lycra, is a highly elastic synthetic fiber that offers exceptional stretch and recovery properties. Here are the key trends shaping the spandex fiber market:

1. Growing Demand in Activewear and Athleisure

The popularity of activewear and athleisure clothing is on the rise, fueled by a global shift toward fitness and healthy lifestyles. Spandex fibers are crucial for activewear due to their stretchability, comfort, and moisture-wicking properties, leading to increased demand in this segment.

2. Rise in E-commerce and Online Retailing

The growth of e-commerce platforms has made it easier for consumers to access a wide variety of apparel, including spandex-based products. This trend is contributing to increased sales of spandex-containing garments, particularly in activewear and shapewear categories.

3. Technological Innovations in Fiber Production

Advances in fiber technology are leading to the development of high-performance spandex fibers with improved durability, elasticity, and comfort. Innovations include the introduction of eco-friendly spandex production methods, such as using recycled materials or reducing water consumption during manufacturing.

4. Sustainability Initiatives

The textile industry is increasingly focused on sustainability, prompting manufacturers to adopt environmentally friendly practices. There is a growing demand for sustainable spandex fibers made from recycled or bio-based materials. Brands are actively seeking ways to reduce their environmental footprint, driving innovation in this area.

This report is a detailed and comprehensive analysis for global Spandex market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.

Key Features:

Global Spandex market size and forecasts, in consumption value ($ Million), sales quantity (K MT), and average selling prices (USD/MT), 2020-2031

Global Spandex market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K MT), and average selling prices (USD/MT), 2020-2031

Global Spandex market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K MT), and average selling prices (USD/MT), 2020-2031

Global Spandex market shares of main players, shipments in revenue ($ Million), sales quantity (K MT), and ASP (USD/MT), 2020-2025

The Primary Objectives in This Report Are:

To determine the size of the total market opportunity of global and key countries

To assess the growth potential for Spandex

To forecast future growth in each product and end-use market

To assess competitive factors affecting the marketplace

This report profiles key players in the global Spandex market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Hyosung Corporation, Zhejiang Huafon Spandex Co. Ltd., Invista, ZheJiang Huahai Machinery Group, Highsun Group, Xinxiang Bailu Chemical Fibre Group Co. Ltd., Asahi Kasei Corporation, Yantai Tayho Advanced Materials Co. Ltd., Jiangsu Shuangliang Spandex Co., Ltd., Taekwang Industrial Co. Ltd., etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Market Segmentation

Spandex market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.

Market segment by Type
Solution Dry Spinning
Solution Wet Spinning
Others

Market segment by Application
Apparel and Clothing
Medical and Healthcare
Others

Major players covered
Hyosung Corporation
Zhejiang Huafon Spandex Co. Ltd.
Invista
ZheJiang Huahai Machinery Group
Highsun Group
Xinxiang Bailu Chemical Fibre Group Co. Ltd.
Asahi Kasei Corporation
Yantai Tayho Advanced Materials Co. Ltd.
Jiangsu Shuangliang Spandex Co., Ltd.
Taekwang Industrial Co. Ltd.
TK Chemical Corporation
Xiamen Lilong Spandex Co., Ltd.
Indorama Corporation
Toray Industries
Shandong Ruyi

Market segment by region, regional analysis covers

North America (United States, Canada, and Mexico)

Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)

Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)

South America (Brazil, Argentina, Colombia, and Rest of South America)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe Spandex product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of Spandex, with price, sales quantity, revenue, and global market share of Spandex from 2020 to 2025.

Chapter 3, the Spandex competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the Spandex breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.

Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2025.and Spandex market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2031.

Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.

Chapter 13, the key raw materials and key suppliers, and industry chain of Spandex.

Chapter 14 and 15, to describe Spandex sales channel, distributors, customers, research findings and conclusion.