Market Overview:
The global spandex 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 spandex in various applications, such as apparel and clothing, medical and healthcare, and others. Additionally, the growing awareness about fitness and health among consumers is also propelling the demand for spandex fibers globally.
Product Definition:
Spandex is a synthetic fiber composed of polyurethane, and sometimes including Lycra. It is typically stretchy and elastic.
Solution Dry Spinning:
Solution dry spinning is a new term in the fiber processing industry. It was introduced by DuPont to differentiate its continuous wet spinning process from the discontinuous solution dry spinning process used for producing high-quality polyester fibers. The solution dry spinning technology has been developed as an alternative to conventional wet processes owing to several advantages such as less energy consumption, low sludge production, and reduced waste generation.
Solution Wet Spinning:
Solution wet spinning is a continuous process used in the manufacturing of spandex. It involves the use of wet spinning machines that contain solutions to melt or boil fibers and convert them into yarns. The solution used can be water, oil, or a combination of both. Spinning these raw materials into solutions helps increase productivity by reducing processing time and also helps in saving energy required for heating equipment during production processes.
Application Insights:
The apparel and clothing segment accounted for the largest market share in 2017. The demand is expected to be fueled by growing textile consumption in the fashion industry. Apparel and clothing manufacturing companies are increasingly using spandex as it helps them achieve their desired fit, while maintaining high quality standards. Growing popularity of athleisure products is also likely to have a positive impact on market growth over the forecast period.
Medical and healthcare application was one of the key contributors towards revenue growth in 2017 owing to rising product usage for providing better comfort during surgeries, physical activities or just wearing it around without any exertion at all.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region is home to several emerging economies, including China, India, Bangladesh, and Vietnam. Increasing population in these countries has resulted in an increased demand for apparels and clothing items. This trend is projected to have a positive impact on the industry growth over the next seven years.
Europe accounted for more than 20% of global revenue share in 2017 owing to high product demand from various application segments coupled with growing consumer awareness regarding health & hygiene issues due to changing lifestyles.
Growth Factors:
- Increasing demand from the apparel industry for stretch fabrics to meet the needs of different body types and styles.
- The popularity of activewear, as well as more casual clothing styles that feature spandex for comfort and flexibility.
- Innovations in spandex fiber technology that improve performance, durability, and breathability.
- Growing demand from emerging markets such as China and India for affordable stretch fabrics.
- Increased use of spandex in medical applications such as braces and compression garments
Scope Of The Report
Report Attributes
Report Details
Report Title
Spandex Market Research Report
By Type
Solution Dry Spinning, Solution Wet Spinning, Others
By Application
Apparel & Clothing, Medical & Healthcare, Others
By Companies
Invista, Hyosung Corporation, Asahi Kasei Corporation, Taekwang Industrial Co. Ltd., Zhejiang Huafon Spandex Co. Ltd., Yantai Tayho Advanced materials Co. Ltd., TK Chemical Corporation
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
234
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Spandex Market Report Segments:
The global Spandex market is segmented on the basis of:
Types
Solution Dry Spinning, Solution Wet Spinning, Others
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
Apparel & Clothing, Medical & Healthcare, Others
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:
- Invista
- Hyosung Corporation
- Asahi Kasei Corporation
- Taekwang Industrial Co. Ltd.
- Zhejiang Huafon Spandex Co. Ltd.
- Yantai Tayho Advanced materials Co. Ltd.
- TK Chemical Corporation
Highlights of The Spandex 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
- Others
- By Application:
- Apparel & Clothing
- Medical & Healthcare
- Others
- 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 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 is a type of fabric made from synthetic polymers. It is often used in clothing to provide stretch and durability.
Some of the key players operating in the spandex market are Invista, Hyosung Corporation, Asahi Kasei Corporation, Taekwang Industrial Co. Ltd., Zhejiang Huafon Spandex Co. Ltd., Yantai Tayho Advanced materials Co. Ltd., TK Chemical Corporation.
The spandex market is expected to register a CAGR of 5.8%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Spandex 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 Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Spandex Market - Supply Chain
4.5. Global Spandex Market Forecast
4.5.1. Spandex Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Spandex Market Size (000 Units) and Y-o-Y Growth
4.5.3. Spandex Market Absolute $ Opportunity
5. Global Spandex 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 Market Size and Volume Forecast by Type
5.3.1. Solution Dry Spinning
5.3.2. Solution Wet Spinning
5.3.3. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Spandex 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 Market Size and Volume Forecast by Application
6.3.1. Apparel & Clothing
6.3.2. Medical & Healthcare
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Spandex 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 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 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 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 Demand Share Forecast, 2019-2029
9. North America Spandex 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 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 Market Size and Volume Forecast by Application
9.4.1. Apparel & Clothing
9.4.2. Medical & Healthcare
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Spandex Market Size and Volume Forecast by Type
9.7.1. Solution Dry Spinning
9.7.2. Solution Wet Spinning
9.7.3. Others
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 Demand Share Forecast, 2019-2029
10. Latin America Spandex 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 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 Market Size and Volume Forecast by Application
10.4.1. Apparel & Clothing
10.4.2. Medical & Healthcare
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Spandex Market Size and Volume Forecast by Type
10.7.1. Solution Dry Spinning
10.7.2. Solution Wet Spinning
10.7.3. Others
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 Demand Share Forecast, 2019-2029
11. Europe Spandex 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 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 Market Size and Volume Forecast by Application
11.4.1. Apparel & Clothing
11.4.2. Medical & Healthcare
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Spandex Market Size and Volume Forecast by Type
11.7.1. Solution Dry Spinning
11.7.2. Solution Wet Spinning
11.7.3. Others
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. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Spandex Demand Share, 2019-2029
12. Asia Pacific Spandex 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 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 Market Size and Volume Forecast by Application
12.4.1. Apparel & Clothing
12.4.2. Medical & Healthcare
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Spandex Market Size and Volume Forecast by Type
12.7.1. Solution Dry Spinning
12.7.2. Solution Wet Spinning
12.7.3. Others
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 Demand Share, 2019-2029
13. Middle East & Africa Spandex 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 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 Market Size and Volume Forecast by Application
13.4.1. Apparel & Clothing
13.4.2. Medical & Healthcare
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Spandex Market Size and Volume Forecast by Type
13.7.1. Solution Dry Spinning
13.7.2. Solution Wet Spinning
13.7.3. Others
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 Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Spandex Market: Market Share Analysis
14.2. Spandex Distributors and Customers
14.3. Spandex Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Invista
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Hyosung Corporation
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Asahi Kasei Corporation
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Taekwang Industrial Co. Ltd.
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Zhejiang Huafon Spandex Co. Ltd.
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Yantai Tayho Advanced materials Co. Ltd.
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. TK Chemical 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. COMPANY8
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
