Friday Sep 22, 2023

Spandex Fiber Market 2022-2027 | By Fabric Type, Production Method and Application

The latest research study “Spandex Fiber Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global spandex fiber market reached a value of US$ 7.44 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 10.55 Billion by 2027 exhibiting a CAGR of 5.70% during 2022-2027.

Request a Free PDF Sample for more detailed market insights:

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.

Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Spandex Fiber Market 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.

Ask Analyst for Customization and Explore Full Report with TOC & List of Figure:

Spandex Fiber Market Report Scope
Report Coverage Details
Market size value in 2021 US$ 7.44 Billion
Market forecast in 2027 US$ 10.55 Billion
Growth Rate CAGR of 5.70% from 2022 to 2027
Base year for estimation 2021
Historical data 2016-2021
Forecast period 2022-2027

Global Spandex Fiber Market 2022-2027 Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Spandex Fiber Companies:

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 has segmented the market on the basis of region, fabric type, production method and application.

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

If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.

 Key highlights of the report:

  • Market Performance (2016-2021)
  • Market Outlook (2022- 2027)
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us:

IMARC Services Private Limited.
30 N Gould St Ste R
Sheridan, WY 82801 USA – Wyoming
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800


Back to Top