Spandex Market Revenue Growth Predicted 2026 By Leading Players Asahi Kasei Corporation, DuPont, Hyosung Corporation, Indorama Industries Limited, INVISTA, Jiangsu Shaungliang Spandex Co., Ltd, TK Chemical Corp., Xiamen Lilong Spandex Co., Ltd, Yantai, Ta

Spandex, elastane or lycra is an elastic synthetic fiber. It contains a combination of long chain polglycol, short chain diisocynate, and minimum 85% of polyurethane. Stabilizers and colorants are added to improve quality and enhance appearance of spandex. Spandex offers superior strength, weight, and versatility as compared to rubber. They have high elasticity and can be stretched 500% of their length. It is mainly used in fabrics due to its properties such as ability to be stretched, softness, smoothness, lightweight, easy dyeing, abrasion resistant, resistant to detergent, resistant to body oils and perspiration, and compatible with other materials and fibers. It is commonly used in textile and clothing industry and healthcare industry. Spandex is used in sportswear, active wear, casual clothing, under garments, home furnishings, diapers, bandages, and compression stocking and hoses.

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Increasing use of spandex in healthcare and textile industry, increasing penetration in other industries such as automobiles, aviation and energy, and the launch of ecofriendly and bio-based spandex are the major market drivers of spandex market. Development of alternatives such as natural latex is the major threat to this market. However, many market players are investing significantly in research and development to improve characteristics of spandex such as elasticity, for further growth of spandex market.

Some companies operating in the spandex market include
• Asahi Kasei Corporation
• DuPont, Hyosung Corporation
• Indorama Industries Limited
• INVISTA,
• Jiangsu Shaungliang Spandex Co., Ltd
• TK Chemical Corp.
• Xiamen Lilong Spandex Co., Ltd
• Yantai,
• Taekwang Industrial Co. Ltd.
• Tayho Advanced Materials Co., Ltd, and
• Zhejiang Huafon Spandex Co. Ltd.

Spandex -Market Outlook

Asia pacific is the largest and rapid growing market, owing to industrialization, improved standard of living, low cost of production and processing, and increasing foreign investments. Moreover, the presence of a large number of local players in India, China, and Japan is fueling the market growth. According to India Brand Equity Foundation (IBEF), trust established by the Department of Commerce, Ministry of Commerce and Industry, and Government of India, the apparel market in India is expected to exhibit a CAGR of 11.8% and is projected to reach US$ 180 billion by 2025 which, in turn, will drive the growth of the spandex market in India.

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Europe is witnessed to have a fastest growing market mainly in Germany, France, Italy, Spain, and Netherlands. This is owing to the growing apparel and textile sector in this region. Thus, there is a significant demand for spandex in Europe.

Spandex -Market Taxonomy

On the basis of fabric type, the global spandex market is segmented into

Two Way Spandex
Four Way Spandex
On the basis of production process, the global spandex market is segmented into

Wet spinning
Dry spinning
Melt extrusion
Reaction spinning

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This release was published on openPR.