The global Spandex market size was valued at US$ 5412.4 million in 2023. With growing demand in downstream market, the Spandex is forecast to a readjusted size of US$ 8036.2 million by 2030 with a CAGR of 5.8% during review period.
The research report highlights the growth potential of the global Spandex market. Spandex are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Spandex. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Spandex market.
This report studies the Spandex Fiber market, Spandex Fiber is a manufactured fiber in which the fiber forming substance is a long-chain synthetic polymer comprised of at least 85% of segmented polyurethane. Spandex fiber is a synthetic fiber known for its exceptional elasticity (stretch ability).
Characteristics of Spandex Fiber:
1. Can be stretched repeatedly and still recover to very near its original length and shape
2. Generally, can be stretched more than 500% without breaking
3. Stronger, more durable and higher retractive force than rubber
4. Lightweight, soft, smooth, supple
5. In garments, provides a combination of comfort and fit, prevents bagging and sagging
6. Heat-settable 鈥� facilitates transforming puckered fabrics into flat fabrics, or flat fabrics into permanent rounded shapes
7. Dyeable
8. Resistant to deterioration by body oils, perspiration, lotions or detergents
9. Abrasion resistant
10. When fabrics containing spandex are sewn, the needle causes little or no damage from 鈥渘eedle cutting鈥� compared to the older types of elastic materials
11. Available in fiber diameters range from 10 deniers to 2500 denier
12. Available in clear and opaque lusters.
Global Spandex Fiber key players include Hyosung Corporation, Zhejiang Huafon Spandex Co. Ltd., ZheJiang Huahai Machinery Group, Highsun Group, Xinxiang Bailu Chemical Fibre Group Co. Ltd., etc. Global top five players hold a share about 55%.
China is the largest market, with a share about 60%, followed by North America and Europe, having a total share about 15 percent.
In terms of product, Solution Dry Spinning is the largest segment, with a share about 80%. And in terms of application, the largest application is Apparel and Clothing, followed by Medical and Healthcare, etc.
Key Features:
The report on Spandex market reflects various aspects and provide valuable insights into the industry.
Market Size and Growth: The research report provide an overview of the current size and growth of the Spandex market. It may include historical data, market segmentation by Type (e.g., Solution Dry Spinning, Solution Wet Spinning), and regional breakdowns.
Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the Spandex market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.
Competitive Landscape: The research report provides analysis of the competitive landscape within the Spandex market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.
Technological Developments: The research report can delve into the latest technological developments in the Spandex industry. This include advancements in Spandex technology, Spandex new entrants, Spandex new investment, and other innovations that are shaping the future of Spandex.
Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Spandex market. It includes factors influencing customer ' purchasing decisions, preferences for Spandex product.
Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Spandex market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Spandex market. The report also evaluates the effectiveness of these policies in driving market growth.
Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the Spandex market.
Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the Spandex industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.
Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the Spandex market.
Market Segmentation:
Spandex market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.
Segmentation by type
Solution Dry Spinning
Solution Wet Spinning
Others
Segmentation by application
Apparel and Clothing
Medical and Healthcare
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Hyosung Corporation
Zhejiang Huafon Spandex Co. Ltd.
Invista
ZheJiang Huahai Machinery Group
Highsun Group
Xinxiang Bailu Chemical Fibre Group Co. Ltd.
Asahi Kasei Corporation
Yantai Tayho Advanced Materials Co. Ltd.
Jiangsu Shuangliang Spandex Co., Ltd.
Taekwang Industrial Co. Ltd.
TK Chemical Corporation
Xiamen Lilong Spandex Co., Ltd.
Indorama Corporation
Toray Industries
Shandong Ruyi
Key Questions Addressed in this Report
What is the 10-year outlook for the global Spandex market?
What factors are driving Spandex market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Spandex market opportunities vary by end market size?
How does Spandex break out type, application?
Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.
1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Spandex Annual Sales 2019-2030
2.1.2 World Current & Future Analysis for Spandex by Geographic Region, 2019, 2023 & 2030
2.1.3 World Current & Future Analysis for Spandex by Country/Region, 2019, 2023 & 2030
2.2 Spandex Segment by Type
2.2.1 Solution Dry Spinning
2.2.2 Solution Wet Spinning
2.2.3 Others
2.3 Spandex Sales by Type
2.3.1 Global Spandex Sales Market Share by Type (2019-2024)
2.3.2 Global Spandex Revenue and Market Share by Type (2019-2024)
2.3.3 Global Spandex Sale Price by Type (2019-2024)
2.4 Spandex Segment by Application
2.4.1 Apparel and Clothing
2.4.2 Medical and Healthcare
2.4.3 Others
2.5 Spandex Sales by Application
2.5.1 Global Spandex Sale Market Share by Application (2019-2024)
2.5.2 Global Spandex Revenue and Market Share by Application (2019-2024)
2.5.3 Global Spandex Sale Price by Application (2019-2024)
3 Global Spandex by Company
3.1 Global Spandex Breakdown Data by Company
3.1.1 Global Spandex Annual Sales by Company (2019-2024)
3.1.2 Global Spandex Sales Market Share by Company (2019-2024)
3.2 Global Spandex Annual Revenue by Company (2019-2024)
3.2.1 Global Spandex Revenue by Company (2019-2024)
3.2.2 Global Spandex Revenue Market Share by Company (2019-2024)
3.3 Global Spandex Sale Price by Company
3.4 Key Manufacturers Spandex Producing Area Distribution, Sales Area, Product Type
3.4.1 Key Manufacturers Spandex Product Location Distribution
3.4.2 Players Spandex Products Offered
3.5 Market Concentration Rate Analysis
3.5.1 Competition Landscape Analysis
3.5.2 Concentration Ratio (CR3, CR5 and CR10) & (2019-2024)
3.6 New Products and Potential Entrants
3.7 Mergers & Acquisitions, Expansion
4 World Historic Review for Spandex by Geographic Region
4.1 World Historic Spandex Market Size by Geographic Region (2019-2024)
4.1.1 Global Spandex Annual Sales by Geographic Region (2019-2024)
4.1.2 Global Spandex Annual Revenue by Geographic Region (2019-2024)
4.2 World Historic Spandex Market Size by Country/Region (2019-2024)
4.2.1 Global Spandex Annual Sales by Country/Region (2019-2024)
4.2.2 Global Spandex Annual Revenue by Country/Region (2019-2024)
4.3 Americas Spandex Sales Growth
4.4 APAC Spandex Sales Growth
4.5 Europe Spandex Sales Growth
4.6 Middle East & Africa Spandex Sales Growth
5 Americas
5.1 Americas Spandex Sales by Country
5.1.1 Americas Spandex Sales by Country (2019-2024)
5.1.2 Americas Spandex Revenue by Country (2019-2024)
5.2 Americas Spandex Sales by Type
5.3 Americas Spandex Sales by Application
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Spandex Sales by Region
6.1.1 APAC Spandex Sales by Region (2019-2024)
6.1.2 APAC Spandex Revenue by Region (2019-2024)
6.2 APAC Spandex Sales by Type
6.3 APAC Spandex Sales by Application
6.4 China
6.5 Japan
6.6 South Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
6.10 China Taiwan
7 Europe
7.1 Europe Spandex by Country
7.1.1 Europe Spandex Sales by Country (2019-2024)
7.1.2 Europe Spandex Revenue by Country (2019-2024)
7.2 Europe Spandex Sales by Type
7.3 Europe Spandex Sales by Application
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa Spandex by Country
8.1.1 Middle East & Africa Spandex Sales by Country (2019-2024)
8.1.2 Middle East & Africa Spandex Revenue by Country (2019-2024)
8.2 Middle East & Africa Spandex Sales by Type
8.3 Middle East & Africa Spandex Sales by Application
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends
10 Manufacturing Cost Structure Analysis
10.1 Raw Material and Suppliers
10.2 Manufacturing Cost Structure Analysis of Spandex
10.3 Manufacturing Process Analysis of Spandex
10.4 Industry Chain Structure of Spandex
11 Marketing, Distributors and Customer
11.1 Sales Channel
11.1.1 Direct Channels
11.1.2 Indirect Channels
11.2 Spandex Distributors
11.3 Spandex Customer
12 World Forecast Review for Spandex by Geographic Region
12.1 Global Spandex Market Size Forecast by Region
12.1.1 Global Spandex Forecast by Region (2025-2030)
12.1.2 Global Spandex Annual Revenue Forecast by Region (2025-2030)
12.2 Americas Forecast by Country
12.3 APAC Forecast by Region
12.4 Europe Forecast by Country
12.5 Middle East & Africa Forecast by Country
12.6 Global Spandex Forecast by Type
12.7 Global Spandex Forecast by Application
13 Key Players Analysis
13.1 Hyosung Corporation
13.1.1 Hyosung Corporation Company Information
13.1.2 Hyosung Corporation Spandex Product Portfolios and Specifications
13.1.3 Hyosung Corporation Spandex Sales, Revenue, Price and Gross Margin (2019-2024)
13.1.4 Hyosung Corporation Main Business Overview
13.1.5 Hyosung Corporation Latest Developments
13.2 Zhejiang Huafon Spandex Co. Ltd.
13.2.1 Zhejiang Huafon Spandex Co. Ltd. Company Information
13.2.2 Zhejiang Huafon Spandex Co. Ltd. Spandex Product Portfolios and Specifications
13.2.3 Zhejiang Huafon Spandex Co. Ltd. Spandex Sales, Revenue, Price and Gross Margin (2019-2024)
13.2.4 Zhejiang Huafon Spandex Co. Ltd. Main Business Overview
13.2.5 Zhejiang Huafon Spandex Co. Ltd. Latest Developments
13.3 Invista
13.3.1 Invista Company Information
13.3.2 Invista Spandex Product Portfolios and Specifications
13.3.3 Invista Spandex Sales, Revenue, Price and Gross Margin (2019-2024)
13.3.4 Invista Main Business Overview
13.3.5 Invista Latest Developments
13.4 ZheJiang Huahai Machinery Group
13.4.1 ZheJiang Huahai Machinery Group Company Information
13.4.2 ZheJiang Huahai Machinery Group Spandex Product Portfolios and Specifications
13.4.3 ZheJiang Huahai Machinery Group Spandex Sales, Revenue, Price and Gross Margin (2019-2024)
13.4.4 ZheJiang Huahai Machinery Group Main Business Overview
13.4.5 ZheJiang Huahai Machinery Group Latest Developments
13.5 Highsun Group
13.5.1 Highsun Group Company Information
13.5.2 Highsun Group Spandex Product Portfolios and Specifications
13.5.3 Highsun Group Spandex Sales, Revenue, Price and Gross Margin (2019-2024)
13.5.4 Highsun Group Main Business Overview
13.5.5 Highsun Group Latest Developments
13.6 Xinxiang Bailu Chemical Fibre Group Co. Ltd.
13.6.1 Xinxiang Bailu Chemical Fibre Group Co. Ltd. Company Information
13.6.2 Xinxiang Bailu Chemical Fibre Group Co. Ltd. Spandex Product Portfolios and Specifications
13.6.3 Xinxiang Bailu Chemical Fibre Group Co. Ltd. Spandex Sales, Revenue, Price and Gross Margin (2019-2024)
13.6.4 Xinxiang Bailu Chemical Fibre Group Co. Ltd. Main Business Overview
13.6.5 Xinxiang Bailu Chemical Fibre Group Co. Ltd. Latest Developments
13.7 Asahi Kasei Corporation
13.7.1 Asahi Kasei Corporation Company Information
13.7.2 Asahi Kasei Corporation Spandex Product Portfolios and Specifications
13.7.3 Asahi Kasei Corporation Spandex Sales, Revenue, Price and Gross Margin (2019-2024)
13.7.4 Asahi Kasei Corporation Main Business Overview
13.7.5 Asahi Kasei Corporation Latest Developments
13.8 Yantai Tayho Advanced Materials Co. Ltd.
13.8.1 Yantai Tayho Advanced Materials Co. Ltd. Company Information
13.8.2 Yantai Tayho Advanced Materials Co. Ltd. Spandex Product Portfolios and Specifications
13.8.3 Yantai Tayho Advanced Materials Co. Ltd. Spandex Sales, Revenue, Price and Gross Margin (2019-2024)
13.8.4 Yantai Tayho Advanced Materials Co. Ltd. Main Business Overview
13.8.5 Yantai Tayho Advanced Materials Co. Ltd. Latest Developments
13.9 Jiangsu Shuangliang Spandex Co., Ltd.
13.9.1 Jiangsu Shuangliang Spandex Co., Ltd. Company Information
13.9.2 Jiangsu Shuangliang Spandex Co., Ltd. Spandex Product Portfolios and Specifications
13.9.3 Jiangsu Shuangliang Spandex Co., Ltd. Spandex Sales, Revenue, Price and Gross Margin (2019-2024)
13.9.4 Jiangsu Shuangliang Spandex Co., Ltd. Main Business Overview
13.9.5 Jiangsu Shuangliang Spandex Co., Ltd. Latest Developments
13.10 Taekwang Industrial Co. Ltd.
13.10.1 Taekwang Industrial Co. Ltd. Company Information
13.10.2 Taekwang Industrial Co. Ltd. Spandex Product Portfolios and Specifications
13.10.3 Taekwang Industrial Co. Ltd. Spandex Sales, Revenue, Price and Gross Margin (2019-2024)
13.10.4 Taekwang Industrial Co. Ltd. Main Business Overview
13.10.5 Taekwang Industrial Co. Ltd. Latest Developments
13.11 TK Chemical Corporation
13.11.1 TK Chemical Corporation Company Information
13.11.2 TK Chemical Corporation Spandex Product Portfolios and Specifications
13.11.3 TK Chemical Corporation Spandex Sales, Revenue, Price and Gross Margin (2019-2024)
13.11.4 TK Chemical Corporation Main Business Overview
13.11.5 TK Chemical Corporation Latest Developments
13.12 Xiamen Lilong Spandex Co., Ltd.
13.12.1 Xiamen Lilong Spandex Co., Ltd. Company Information
13.12.2 Xiamen Lilong Spandex Co., Ltd. Spandex Product Portfolios and Specifications
13.12.3 Xiamen Lilong Spandex Co., Ltd. Spandex Sales, Revenue, Price and Gross Margin (2019-2024)
13.12.4 Xiamen Lilong Spandex Co., Ltd. Main Business Overview
13.12.5 Xiamen Lilong Spandex Co., Ltd. Latest Developments
13.13 Indorama Corporation
13.13.1 Indorama Corporation Company Information
13.13.2 Indorama Corporation Spandex Product Portfolios and Specifications
13.13.3 Indorama Corporation Spandex Sales, Revenue, Price and Gross Margin (2019-2024)
13.13.4 Indorama Corporation Main Business Overview
13.13.5 Indorama Corporation Latest Developments
13.14 Toray Industries
13.14.1 Toray Industries Company Information
13.14.2 Toray Industries Spandex Product Portfolios and Specifications
13.14.3 Toray Industries Spandex Sales, Revenue, Price and Gross Margin (2019-2024)
13.14.4 Toray Industries Main Business Overview
13.14.5 Toray Industries Latest Developments
13.15 Shandong Ruyi
13.15.1 Shandong Ruyi Company Information
13.15.2 Shandong Ruyi Spandex Product Portfolios and Specifications
13.15.3 Shandong Ruyi Spandex Sales, Revenue, Price and Gross Margin (2019-2024)
13.15.4 Shandong Ruyi Main Business Overview
13.15.5 Shandong Ruyi Latest Developments
14 Research Findings and Conclusion
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*If Applicable.
