Spandex Fiber Market 2018 with Top 20 Countries data, In-depth Research on Market Dynamics, Emerging Growth Factors and Forecast to 2022

Global spandex fiber market size is estimated to be valued at $5,820 million in 2015. It is projected to grow at a CAGR of 8.8% from 2016 to 2022 and reach $10,482 million by 2022.

The spandex fiber manufacturers either use in-house materials or buy from raw material suppliers to process them. Major companies that are prevailing in the world spandex fiber market are Hyosung Corporation, Invista, Asahi Kasei Corporation, Toray Industries, Inc., Indorama Industries Ltd., TK Chemical Corporation, Zhejiang Huafon Spandex Co. Ltd., Xiamen Lilong Spandex Co., Ltd., Yantai Spandex Co., Ltd. and Taekwang Industrial Co. Ltd.

Other players in the value chain include Xinxiang Bailu Chemical Fibre Group Co. Ltd., Baoding Swan Spandex Co., Ltd., Spandex Corporation Ltd., Jiangsu Shuangliang Spandex Co., Ltd., Highsun Group, and Yantai Tayho Advanced materials Co. Ltd., etc.

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Spandex fiber, also known as Lycra or elastane, is a long-chain polyurethane-polyurea copolymer that is composed of flexible macro-glycol segments and rigid di-isocyanate segments arranged in a specific order. The fiber is characterized by its exceptional elastic and recover properties. These characteristics entail its wide-scale use across a diverse set of applications in textile & clothing and healthcare industries. Some prominent areas of application for spandex fibers include sportswear, casual clothing, undergarments and home-furnishings. Healthcare applications of spandex fiber include compression stockings & hoses, diapers and bandages, etc.
Breakdown of Primary Respondents

Rising demand and growing application scope of spandex fiber in various end-user industries, collaborations and strategic alliances between market players and high performance properties coupled with rising acceptance of spandex fiber are some of the important factors that are expected to drive the market growth over the forecast period. However, factors such as increasing threat of substitutes and relatively slower economic growth in certain regions of the world coupled with volatile prices are likely to hamper the market growth during the forecast period. Furthermore, a growth in the penetration of Spandex Fiber in industries such as new energies, oil & gas, automotive and aviation will provide significant opportunities to the industry players across the value chain. Besides, significant investments in research & development activities is expected to provide novel opportunities for the market to grow in the near future.

Top Investment Pockets

By application, the world spandex fiber market is segmented into apparel & clothing, home furnishing and others. Apparel & clothing segment is further sub-segmented into sportswear, casual wear, inner wear, medical & healthcare and others. Sportswear is expected to be the most attractive application segment for new entrants as well as for major industry players operating in the world spandex fiber industry.

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Opportunities in Spandex Fiber Market

Spandex material have unique elasticity combined with excellent durability and abrasion resistance, making it a favorable fiber to be used in comfort and active wear. Increasing disposable income in the emerging economies coupled with significant opportunities in end-user industries and continuous R&D investments are expected to provide significant opportunities for key players operating in the market.

Key Market Benefits

• The study provides spandex fiber market analysis in terms of quantitative, with current trends and future estimations through 2014‐2022 to identify the prevailing market opportunities to capitalize on.
• Extensive analysis by application and production method predicts the various types of spandex fiber used in different end-user applications.
• Competitive intelligence highlights the business practices followed by leading players across various regions.
• An in-depth analysis of current research and clinical developments within world spandex fiber market is provided with key dynamic factors that affect the market behavior.
• Comprehensive spandex fiber market share analysis across all geographic regions are provided to determine the prevailing opportunities in these geographies.
• Key market players and their strategies are analyzed to identify the competitive outlook.

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