In-Depth Analysis of the Global Spandex Market: 2024-2030 Forecasts

Latest Market Study report by MarkNtel Advisors: Market Research Company, “Global Spandex Market- By Application (Clothing [Sportswear, Activewear, Others], Medical [Compression Garments & Bandages, Elastic Tapes & Wraps, Orthopedic Braces, Others], Home Furnishing [Furniture Upholstery, Bed Linens, Curtains, Others], Automotive [Seat Covers, Headliners, Others], Others)” and other forecast 2024-30”.

This report offers a detailed examination of pivotal aspects including market Size, growth factor, drivers of expansion, encompassed segments, and the pivotal role played by industry leaders.

Insight into the Global Spandex Market

The Global Spandex Market size is around USD 8.3 billion in 2023 and is estimated to grow at a CAGR of around 8.24% during the forecast period, i.e., 2024-30.

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Report Coverage & Detailed Breakdown

  • Forecast Period: 2024 to 2030.
  • Base Year: 2023
  • Market Size in 2023: USD 8.3 billion.
  • CAGR: 8.24%

Segmentation Analysis: Spandex Market

By Application

  • Clothing- Market Size & Forecast 2019-2030F, Thousand Tons
    • Sportswear-  Market Size & Forecast 2019-2030F, Thousand Tons
    • Activewear - Market Size & Forecast 2019-2030F, Thousand Tons
    • Others (Swimwear, etc.)- Market Size & Forecast 2019-2030F, Thousand Tons
  • Medical- Market Size & Forecast 2019-2030F, Thousand Tons
    • Compression Garments & Bandages - Market Size & Forecast 2019-2030F, Thousand Tons
    • Elastic Tapes & Wraps - Market Size & Forecast 2019-2030F, Thousand Tons
    • Orthopedic Braces - Market Size & Forecast 2019-2030F, Thousand Tons
    • Others (Prosthetic Devices, etc.) - Market Size & Forecast 2019-2030F, Thousand Tons
  • Home Furnishing- Market Size & Forecast 2019-2030F, Thousand Tons
    • Furniture Upholstery- Market Size & Forecast 2019-2030F, Thousand Tons
    • Bed Linens- Market Size & Forecast 2019-2030F, Thousand Tons
    • Curtains- Market Size & Forecast 2019-2030F, Thousand Tons
    • Others (Rugs, Decorative Fabrics, etc.) - Market Size & Forecast 2019-2030F, Thousand Tons
  • Automotive- Market Size & Forecast 2019-2030F, Thousand Tons
    • Seat Covers- Market Size & Forecast 2019-2030F, Thousand Tons
    • Headliners- Market Size & Forecast 2019-2030F, Thousand Tons
    • Others- Market Size & Forecast 2019-2030F, Thousand Tons
  • Others (Personal Care, Sports Equipment, etc.) - Market Size & Forecast 2019-2030F, Thousand Tons

Spandex is extensively used in textile industries to manufacture numerous clothes like sportswear, activewear, swimwear, casual clothes, etc., making Clothing a leading application.

By Technology

  • Dry Spinning- Market Size & Forecast 2019-2030F, Thousand Tons
  • Wet Spinning- Market Size & Forecast 2019-2030F, Thousand Tons
  • Reaction Spinning- Market Size & Forecast 2019-2030F, Thousand Tons
  • Melt Extrusion- Market Size & Forecast 2019-2030F, Thousand Tons

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Regional/ Countries Insight:

  • North America
  • South America
  • Europe
  • The Middle East & Africa
  • Asia-Pacific

Asia-Pacific holds a remarkable share in the Global Spandex Market due to the prevalence of several textile manufacturers in the region.

Spandex Market Players Analysis

Thorough analysis spotlighting key players in the global Spandex market, elucidating their strategies and competitive positioning.

  • Huafon Chemicals Co., Ltd
  • Hyosung TNC
  • Asahi Kasei Corporation
  • Taekwang Industrial Co., Ltd.
  • Sunshining Ecotex Clothes Co., Ltd
  • Indorama Corporation
  • Jiangsu Shuangliang Spandex Co., Ltd
  • TK Chemical Corporation
  • Xiamen Lilong Spandex Co., Ltd
  • Yantai Tayho Advanced Material Co., Ltd
  • New Star Textile Co., Ltd
  • Positex
  • The LYCRA Company
  • Jining Ruyi High-tech Fibre Co., Ltd.
  • Hangzhou Qingyun Advanced Materials Co., Ltd.
  • Others

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Key Stakeholder Benefits

  • Informed Decision-Making: Empowering stakeholders with comprehensive market insights for strategic decision-making.
  • Strategic Planning: Equipping stakeholders with strategic reports to navigate market entry, product development, and competitive strategies.
  • Market Sizing & Forecasting: Providing accurate data for informed investment decisions and resource allocation.
  • Competitive Benchmarking: Facilitating performance assessment against industry peers and capitalizing on strengths.
  • Identifying Investment Opportunities: Enabling stakeholders to spot lucrative investment prospects and maintain a competitive edge.

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