Press Release

Global Spandex Fiber Market is Expected to Reach US$ 8.2 Billion by 2025

Date : Aug 22, 2018

New report published by Global QYResearch which offers insights on the global Spandex Fiber market. The Spandex Fiber market has been experiencing steady growth graph since past years. The global Spandex Fiber production value has increased to 8,191 Million USD in 2025 from 4,801 Million USD in 2017, growing at a CAGR of 6.91% between 2017and 2025.

Global Spandex Fiber Market: Market Driver and Restraint

Applications of Spandex Fiber are anticipated to create new business segments in the market. Spandex Fiber is in use for a broad range of Apparel & Clothing and Medical & Healthcare.

The primary use for spandex fiber is in fabric. They are useful for a number of reasons. First, they can be stretched repeatedly, and will return almost exactly back to original size and shape. Second, they are lightweight, soft, and smooth. Additionally, they are easily dyed. They are also resilient since them are resistant to abrasion and the deleterious effects of body oils, perspiration, and detergents. They are compatible with other materials, and can be spun with other types of fibers to produce unique fabrics, which have characteristics of both fibers.

Spandex is used in a variety of different clothing types. Since it is lightweight and does not restrict movement, it is most often used in athletic wear. The form-fitting properties of spandex make it a good for use in under-garments. Garments where comfort and fit are desired: Hosiery, swimsuits, aerobic/exercise wear, ski pants, golf jackets, disposable diaper, waist bands, bra straps and bra side panels. Compression garments: Surgical hose, support hose, bicycle pants, foundation garments and Shaped garments: Bra cups.

Global Spandex Fiber Market: Key Takeaways

  • Increasing disposable income in the developing countries has led to increase in demand for apparels, which in turn is fueling the growth of textile market. The demand for spandex fibers is expected to grow due to rapid growth of sportswear market in the recent years. This is creating enormous opportunities for the spandex fiber manufacturers and to tap these opportunities, companies are increasing their production capacities all over the globe.

  • Strenuous movements are involved in active sports that may require garment stretch. This stretch can result in movement restriction for the wearer. This can be overcome by using spandex material. Factors such as superior elasticity, regaining to original shape, durability, lightweight, resistance to UV light is likely to favor spandex market demand.

Global Spandex Fiber Market: Forecast by Type

This segment includes Solution Dry Spinning and Solution Wet Spinning. Solution Dry Spinning Method is expected to remain dominant in the global Spandex Fiber market throughout the forecast period with the largest Production share in 2018.

Global Spandex Fiber Market: Forecast by Application

Application segment consists of Apparel & Clothing, Medical & Healthcare and others. Report data showed that the largest application in the Spandex Fiber market is Apparel & Clothing in 2017.

Global Spandex Fiber Market: Forecast by Region

Geographically, this report is segmented into several key Regions, with production, consumption, revenue, and market share and growth rate of Spandex Fiber in these regions, from 2013 to 2025 (forecast), covering North America, Europe, China and Asia Others.

Global Spandex Fiber Market: Key Players

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 and Shandong Ruyiare the key vendors included in this report.

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