Market Overview:
The global spandex fabric market is expected to grow at a CAGR of 5.8% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for tight clothing and sportswear, and the growing awareness about the benefits of spandex fabrics. In terms of type, the solution dry spinning segment is expected to lead the global spandex fabric market during the forecast period. This segment is projected to grow at a CAGR of 6.0% from 2018 to 2030. In terms of application, tight clothing is expected to be one of the fastest-growing segments in the global spandex fabric market duringthe forecast period. This segment is projectedtogrowat aCAGRof6 .2%from2018t o2030 .
Product Definition:
Spandex is a synthetic fiber that was invented in 1959. It is made from polyurethane and elastane, and it can be stretched up to seven times its original length. Spandex fabric is used in a variety of applications, including sportswear, swimwear, lingerie, and foundation garments.
Solution Dry Spinning:
Solution dry spinning is a new term in the textile industry. It is used to remove moisture from fiber by using air as a medium for conveying fiber and collecting dropped spinneret contents on the surface of the drum. The spun fibers are dried naturally or through forced air at low temperatures, which preserve their mechanical properties and prevent color change during drying process.
Solution Wet Spinning:
Solution wet spinning is a new technology that has been developed to improve the spinnerette efficiency and product yield in wet spinning. It helps in reducing the fiber length, improving fiber quality and increasing productivity. The process takes less time compared to dry spinning resulting into increased production capacity for higher output with less investment cost.
Application Insights:
In terms of revenue, tight clothing application dominated the global spandex fabric market with a share of 33.3% in 2017. This is attributed to growing demand for spandex from various end-use industries such as healthcare, swimwear and sportswear manufacturing. In addition, increasing use of stretchy fabrics in women¢â‚¬â„¢s undergarments and pantyhose is expected to propel industry growth over the forecast period.
The other application segment includes activewear, accessories and footwear applications where spandex is used as an elasticity modifier or extender for providing comfortable fit during prolonged use without loosing its shape or size. Growing popularity among consumers for comfort wearables coupled with rising health awareness will drive this segment over the forecast period.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region is anticipated to witness a CAGR of XX% from 2018 to 2030 owing to increasing demand for sportswear, fitness wear, and other tight clothing products in countries such as China, India, Japan, Indonesia among others.
The growing population coupled with rising disposable income levels has resulted in increased spending on luxury lifestyle products including premium sportswear across various emerging economies of Asia Pacific region which includes China and India among others. This factor is also projected to have a positive impact on the industry growth over next eight years or so.
North America spandex fabric market was valued at USD X billion in 2017 owing high product demand from sports apparel application segment due mainly growth of key end-use industries such as sports equipment manufacturing & sales along with activewear manufacturers/suppliers located within U.S.
Growth Factors:
- Increasing demand from the sports and fitness industry for Spandex Fabric as it offers high elasticity and breathability.
- Rising popularity of athleisure wear, which has led to an increase in the demand for Spandex Fabric in the apparel industry.
- Growing use of Spandex Fabric in medical applications such as compression garments and braces due to its high elasticity and durability properties.
- Increasing demand from automotive sector for Spandex Fabrics used in airbags, seatbelts, and other safety equipment owing to its superior strength-to-weight ratio .
Scope Of The Report
Report Attributes
Report Details
Report Title
Spandex Fabric Market Research Report
By Type
Solution Dry Spinning, Solution Wet Spinning
By Application
Tight Clothing, Sportswear, Other
By Companies
Hyosung Corporation, DuPont, Teijin, Asahi Kasei Corporation, Toray Industries, Far Eastern New Century Corporation, Acelon Chemical and Fiber Corporation, Investa
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
231
Number of Tables & Figures
162
Customization Available
Yes, the report can be customized as per your need.
Global Spandex Fabric Market Report Segments:
The global Spandex Fabric market is segmented on the basis of:
Types
Solution Dry Spinning, Solution Wet Spinning
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Tight Clothing, Sportswear, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Hyosung Corporation
- DuPont
- Teijin
- Asahi Kasei Corporation
- Toray Industries
- Far Eastern New Century Corporation
- Acelon Chemical and Fiber Corporation
- Investa
Highlights of The Spandex Fabric Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Solution Dry Spinning
- Solution Wet Spinning
- By Application:
- Tight Clothing
- Sportswear
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Spandex Fabric Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Spandex fabric is a type of synthetic fiber that is made from a mixture of polyester and elastane. It has an elasticity that makes it perfect for use in clothing, such as leggings, yoga pants, and sweatpants.
Some of the major companies in the spandex fabric market are Hyosung Corporation, DuPont, Teijin, Asahi Kasei Corporation, Toray Industries, Far Eastern New Century Corporation, Acelon Chemical and Fiber Corporation, Investa.
The spandex fabric market is expected to grow at a compound annual growth rate of 5.8%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Spandex Fabric Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Spandex Fabric Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Spandex Fabric Market - Supply Chain
4.5. Global Spandex Fabric Market Forecast
4.5.1. Spandex Fabric Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Spandex Fabric Market Size (000 Units) and Y-o-Y Growth
4.5.3. Spandex Fabric Market Absolute $ Opportunity
5. Global Spandex Fabric Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Spandex Fabric Market Size and Volume Forecast by Type
5.3.1. Solution Dry Spinning
5.3.2. Solution Wet Spinning
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Spandex Fabric Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Spandex Fabric Market Size and Volume Forecast by Application
6.3.1. Tight Clothing
6.3.2. Sportswear
6.3.3. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Spandex Fabric Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Spandex Fabric Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Spandex Fabric Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Spandex Fabric Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Spandex Fabric Demand Share Forecast, 2019-2026
9. North America Spandex Fabric Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Spandex Fabric Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Spandex Fabric Market Size and Volume Forecast by Application
9.4.1. Tight Clothing
9.4.2. Sportswear
9.4.3. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Spandex Fabric Market Size and Volume Forecast by Type
9.7.1. Solution Dry Spinning
9.7.2. Solution Wet Spinning
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Spandex Fabric Demand Share Forecast, 2019-2026
10. Latin America Spandex Fabric Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Spandex Fabric Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Spandex Fabric Market Size and Volume Forecast by Application
10.4.1. Tight Clothing
10.4.2. Sportswear
10.4.3. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Spandex Fabric Market Size and Volume Forecast by Type
10.7.1. Solution Dry Spinning
10.7.2. Solution Wet Spinning
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Spandex Fabric Demand Share Forecast, 2019-2026
11. Europe Spandex Fabric Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Spandex Fabric Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Spandex Fabric Market Size and Volume Forecast by Application
11.4.1. Tight Clothing
11.4.2. Sportswear
11.4.3. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Spandex Fabric Market Size and Volume Forecast by Type
11.7.1. Solution Dry Spinning
11.7.2. Solution Wet Spinning
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. B Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Spandex Fabric Demand Share, 2019-2026
12. Asia Pacific Spandex Fabric Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Spandex Fabric Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Spandex Fabric Market Size and Volume Forecast by Application
12.4.1. Tight Clothing
12.4.2. Sportswear
12.4.3. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Spandex Fabric Market Size and Volume Forecast by Type
12.7.1. Solution Dry Spinning
12.7.2. Solution Wet Spinning
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Spandex Fabric Demand Share, 2019-2026
13. Middle East & Africa Spandex Fabric Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Spandex Fabric Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Spandex Fabric Market Size and Volume Forecast by Application
13.4.1. Tight Clothing
13.4.2. Sportswear
13.4.3. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Spandex Fabric Market Size and Volume Forecast by Type
13.7.1. Solution Dry Spinning
13.7.2. Solution Wet Spinning
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Spandex Fabric Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Spandex Fabric Market: Market Share Analysis
14.2. Spandex Fabric Distributors and Customers
14.3. Spandex Fabric Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Hyosung Corporation
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. DuPont
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Teijin
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Asahi Kasei Corporation
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Toray Industries
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Far Eastern New Century Corporation
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Acelon Chemical and Fiber Corporation
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Investa
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
