Future Scope of Spandex Fiber Market to Register Unwavering Growth During 2021-2025

Spandex fiber, the man-made fiber is gaining popularity in recent times due to its lightweight smooth and high elastic properties. Due to its unique elastic properties, the Spandex fiber is greatly used in the garment industry for making stretchable clothes. It is used in fabrics like hosiery, exercise suits, socks, undergarments, hand gloves, swimming suits, denims, etc. Spandex fiber prevents bagging or sagging of materials. It cannot be easily damaged while cutting or sewing. In European countries, it is popularly known as ‘elastane’, which is also recognized by the same across the world. Compared to rubber, Spandex is better in quality, light-weight, and supple.

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Despite stretching up to 500% of its length, the Spandex fiber retains its original length and shape. The demand for the Spandex Fiber Market is predicted to increase at a considerable rate annually. According to latest reports, the Asian countries have driven the Spandex Fiber Market being the major producer of Spandex. Furthermore, China contributes a major share in the global Spandex production. The newly established projects in the country cater to the rapidly growing demand for Spandex. Currently, the manufacturers in Korea are the largest producers of Spandex in the world. Due to various consumer demands, Spandex fiber is being developed in a wide range of dimensions leading to consumer satisfaction.

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The quality and applications of Spandex fiber is vastly increased since its inception due to tremendous R&D activities and technology innovations to boost the productivity. Superior and wide variety of fibers are under development combining traditional fibers and spandex fibers. Also, Spandex is used in the hospitality and industrial organizations as well in automotive sector and making door panels. It is estimated that by 2030, the Spandex fiber will cover a maximum share in the total fiber demand globally. Consumer lifestyle changes and new trends in the end products of garment industry have boosted the value chain of the global Spandex Fiber Market.

Key players include Hyosung Corporation, Teijin Limited, Eastern New Century Corporation, Asahi Kasei Corporation, Toray Industries Inc., Acelon Chemical and Fiber Corporation, Toyobo Co., Ltd, Indorama Corporation, Invista

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Key Segments Across Spandex Fiber Market

• Type Overview, 2018-2025, (USD Billion) (Million Tons)
  • Solution dry spinning
  • Solution wet spinning
• Applications Overview, 2018-2025, (USD Billion) (Million Tons)
  • Textile
  • Healthcare
• Regional Overview, 2018-2025, (USD Billion) (Million Tons)
  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Rest of Asia-Pacific
  • Central & South America

• Brazil
• Argentina
• Rest of Central & South America
• Middle East & Africa
  • Saudi Arabia
  • Rest of Middle East & Africa

What does the report include?

• The study on the global Spandex Fiber includes qualitative factors such as drivers, restraints, and opportunities.
• The study covers the competitive landscape of existing/prospective players in the industry and their strategic initiatives for the product development
• The study covers a qualitative and quantitative analysis of the market segmented on the basis of Type and application. Moreover, the study provides similar information for the key geographies.
• Actual market sizes and forecasts have been provided for all the above-mentioned segments.

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