Spandex Fiber Market Size, Share, Report, Research, Growth, Analysis, Insight, Forecast 2022-2027

Global Spandex Fiber Market Overview (2022-2027)

• Historical Market Size (2021): US$ 7.44 Billion
• Forecast CAGR (2022-2027): 5.70%
• Forecast Market Size (2027): US$ 10.55 Billion

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Spandex fiber or elastane is a smooth, lightweight man-made fiber with unique elasticity. It exhibits excellent abrasion resistance and negligible needle-cutting damage during stitching compared to other elastic textiles. It offers numerous benefits, including durability, resistance to body oils, sweat, lotions, and detergents, and no static and pilling issues. As a result, spandex fiber finds extensive applications in manufacturing athletic, aerobic, and exercise apparel, swimsuits, bathing suits, surgical hose, cycling pants, hosiery, socks, belts, foundation, and shaped garments.

Key Industry Trends and Drivers:

The market is primarily driven by the rising product utilization in swimming and cycling garments. Moreover, there is a surge in the use of spandex fiber in the healthcare sector to fabricate bandages, surgical hoses, pressure diapers, and compression stockings. In line with this, the increasing use of spandex fiber in the automotive industry for manufacturing door panel fabrics is positively influencing the market growth. Moreover, the escalating demand for textiles around the globe is another major growth-inducing factor.
Besides this, several key players are focusing on mergers and acquisitions (M&A), capacity and business expansions, and partnerships to expand their customer base. Furthermore, governments of numerous countries are taking favorable initiatives to promote sports participation among students. In addition, the increasing demand for quick-drying, comfortable materials for activewear has catalyzed market growth. Other factors, including extensive investments in research and development (R&D) activities, growing awareness regarding personal healthcare, and rising living standards, are also anticipated to drive the market further.

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For the competitor segment, the report includes global key players of the spandex fiber market.

• Asahi Kasei Corporation
• BASF SE
• Huafon Chemical Co. Ltd.
• Hyosung Corporation
• Indorama Corporation
• Invista (Koch Industries Inc.)
• Mitsubishi Chemical Corporation
• Taekwang Industrial Co.Ltd
• Teijin Limited
• TK Chemical Corporation
• Toray Industries Inc.
• Xiamen Lilong Spandex Co. Ltd. and Yantai Tayho Advanced Materials Co. Ltd.

The report segmentation is as follows:

Breakup by Fabric Type:

• Two-Way
• Four-Way

Breakup by Production Method:

• Solution Dry Spinning
• Solution Wet Spinning
• Others

Breakup by Application:

• Apparel and Clothing
  • Sportswear
  • Casual Wear
  • Inner Wear
  • Medical and Healthcare
  • Others
• Home Furnishing
• Others

Breakup by Region:

• North America
  • United States
  • Canada
• Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa

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Key Questions Answered in the Global Spandex Fiber Market Report

• How has the global spandex fiber industry performed in the past and how will it perform in the near future?
• What is the impact of COVID-19 on the global spandex fiber market?
• What are the key regions in the global spandex fiber industry?
• What are the different stages in the value chain of the industry?
• What are the major driving factors and challenges in the global spandex fiber market?
• What is the structure of the global spandex fiber industry and who are the leading players?
• What is the degree of competition in the market?

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