Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Spandex Market by Type (Solution Dry Spinning, Solution Wet Spinning, Others), By Application (Apparel & Clothing, Medical & Healthcare, Others) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Spandex Market by Type (Solution Dry Spinning, Solution Wet Spinning, Others), By Application (Apparel & Clothing, Medical & Healthcare, Others) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 131947 3300 Chemical & Material 377 234 Pages 4.5 (46)

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.

Global Spandex Industry Outlook

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


Historical Year

2019 to 2020 (Data from 2010 can be provided as per availability)

Forecast Year


Number of Pages


Number of Tables & Figures


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:


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.


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:

  1. Invista
  2. Hyosung Corporation
  3. Asahi Kasei Corporation
  4. Taekwang Industrial Co. Ltd.
  5. Zhejiang Huafon Spandex Co. Ltd.
  6. Yantai Tayho Advanced materials Co. Ltd.
  7. TK Chemical Corporation

Global Spandex Market Overview

Highlights of The Spandex Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Solution Dry Spinning
    2. Solution Wet Spinning
    3. Others
  1. By Application:

    1. Apparel & Clothing
    2. Medical & Healthcare
    3. Others
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. 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

Global Spandex Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. 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 Overview Financials Developments Strategic Outlook
      14.4.2. Hyosung Corporation Overview Financials Developments Strategic Outlook
      14.4.3. Asahi Kasei Corporation Overview Financials Developments Strategic Outlook
      14.4.4. Taekwang Industrial Co. Ltd. Overview Financials Developments Strategic Outlook
      14.4.5. Zhejiang Huafon Spandex Co. Ltd. Overview Financials Developments Strategic Outlook
      14.4.6. Yantai Tayho Advanced materials Co. Ltd. Overview Financials Developments Strategic Outlook
      14.4.7. TK Chemical Corporation Overview Financials Developments Strategic Outlook
      14.4.8. COMPANY8 Overview Financials Developments Strategic Outlook
      14.4.9. COMPANY9 Overview Financials Developments Strategic Outlook
      14.4.10. COMPANY 10 Overview Financials Developments Strategic Outlook
      14.4.11. COMPANY 11 Overview Financials Developments Strategic Outlook
      14.4.12. COMPANY 12 Overview Financials Developments Strategic Outlook
      14.4.13. COMPANY 13 Overview Financials Developments Strategic Outlook
      14.4.14. COMPANY 14 Overview Financials Developments Strategic Outlook
      14.4.15. COMPANY 15 Overview Financials Developments Strategic Outlook
      14.4.16. COMPANY 16 Overview Financials Developments Strategic Outlook
      14.4.17. COMPANY 17 Overview Financials Developments Strategic Outlook
      14.4.18. COMPANY 18 Overview Financials Developments Strategic Outlook
      14.4.19. COMPANY 19 Overview Financials Developments Strategic Outlook
      14.4.20. COMPANY 20 Overview Financials Developments Strategic Outlook

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