Global Spandex Fiber Market Growth 2023-2029

Global Spandex Fiber Market Growth 2023-2029

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 (stretch ability).

Characteristics of Spandex Fiber:

1. Can be stretched repeatedly and still recover to very near its original length and shape

2. Generally, can be stretched more than 500% without breaking

3. Stronger, more durable and higher retractive force than rubber

4. Lightweight, soft, smooth, supple

5. In garments, provides a combination of comfort and fit, prevents bagging and sagging

6. Heat-settable — facilitates transforming puckered fabrics into flat fabrics, or flat fabrics into permanent rounded shapes

7. Dyeable

8. Resistant to deterioration by body oils, perspiration, lotions or detergents

9. Abrasion resistant

10. When fabrics containing spandex are sewn, the needle causes little or no damage from “needle cutting” compared to the older types of elastic materials

11. Available in fiber diameters range from 10 deniers to 2500 denier

12. Available in clear and opaque lusters.

LPI (LP Information)' newest research report, the “Spandex Fiber Industry Forecast” looks at past sales and reviews total world Spandex Fiber sales in 2022, providing a comprehensive analysis by region and market sector of projected Spandex Fiber sales for 2023 through 2029. With Spandex Fiber sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Spandex Fiber industry.

This Insight Report provides a comprehensive analysis of the global Spandex Fiber landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Spandex Fiber portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Spandex Fiber market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Spandex Fiber and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Spandex Fiber.

The global Spandex Fiber market size is projected to grow from US$ 5412.4 million in 2022 to US$ 8036.2 million in 2029; it is expected to grow at a CAGR of 8036.2 from 2023 to 2029.

Global Spandex Fiber key players include Hyosung Corporation, Zhejiang Huafon Spandex Co. Ltd., ZheJiang Huahai Machinery Group, Highsun Group, Xinxiang Bailu Chemical Fibre Group Co. Ltd., etc. Global top five players hold a share about 55%.

China is the largest market, with a share about 60%, followed by North America and Europe, having a total share about 15 percent.

In terms of product, Solution Dry Spinning is the largest segment, with a share about 80%. And in terms of application, the largest application is Apparel and Clothing, followed by Medical and Healthcare, etc.

This report presents a comprehensive overview, market shares, and growth opportunities of Spandex Fiber market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Solution Dry Spinning

Solution Wet Spinning

Others

Segmentation by application

Apparel and Clothing

Medical and Healthcare

Others

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

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

Key Questions Addressed in this Report

What is the 10-year outlook for the global Spandex Fiber market?

What factors are driving Spandex Fiber market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Spandex Fiber market opportunities vary by end market size?

How does Spandex Fiber break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.