Global Spandex Market Growth 2025-2031

The global Spandex market size is predicted to grow from US$ 6031 million in 2025 to US$ 8463 million in 2031; it is expected to grow at a CAGR of 5.8% from 2025 to 2031.

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.

LP Information, Inc. (LPI) ' newest research report, the “Spandex Industry Forecast” looks at past sales and reviews total world Spandex sales in 2024, providing a comprehensive analysis by region and market sector of projected Spandex sales for 2025 through 2031. With Spandex sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Spandex industry.

This Insight Report provides a comprehensive analysis of the global Spandex 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 portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Spandex market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Spandex 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.

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

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 analysing 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 market?

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

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

How do Spandex market opportunities vary by end market size?

How does Spandex break out by Type, by Application?

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