Press release
Spandex Fibre Market Size to Reach USD 6.64 Billion by 2023 with Leading Players - Asahi Kasei Corporation, DuPont, Hyosung Corporation, Indorama Industries Limited, INVISTA, Jiangsu Shaungliang Spandex Co. Ltd, Taekwang Industrial Co. Ltd., Yantai,TK Che
According to the Research Report, the global spandex fibre market was valued at USD 3.57 Billion in 2014 and is expected to grow at a CAGR of 7.2% from 2015 to 2023.
Browse details of 80 number of pages research report developed on spandex fibre market@ https://www.researchcosmos.com/reports/spandex-fiber-market-by-end-user-and-production-process-global-industry-analysis-and-forecast-to-2/76260843
spandex fibre market Overview:
Spandex fibre, commonly 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 manufacturing process of spandex entails two major processes, solution dry spinning and solution wet spinning. This fibre is primarily 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 amongst many others. Some prominent areas of application for spandex fibres also include sportswear, casual clothing, undergarments and home-furnishings. Healthcare applications of spandex fibreare plenty and include compression stockings & hoses, diapers and bandages, etc.
The increasing use of spandex in healthcare and textile industry, increasing penetration in other industries such as automobiles, aviation and energy, and the launch of eco-friendly and bio-based spandex are the major market drivers of spandex market. However, the growing threat of substitution and volatility in raw material prices could hamper the market growth eventually.
Geographical Insights of the spandex fibre market:
The spandex fibre market in AsiaPacific is expected to grow the fastest followed by North America and Europe. India is the largest-growing market in AsiaPacific,and this is attributed to the growing foreign investments and improvement in the living standards of people in the country,which are driving the growth of the spandex market in India. Europe has also witnessed a growing market mainly in Germany, France, Italy, Spain, and Netherlandsowing to the growing apparel and textile sector in this region. In North America, U.S. accounted for the largest share in recent years.
Key Players of the spandex fibre market:
The key market players in spandex market are Asahi Kasei Corporation, DuPont, Hyosung Corporation, Indorama Industries Limited, INVISTA, Jiangsu Shaungliang Spandex Co. Ltd, Taekwang Industrial Co. Ltd., Yantai,TK Chemical Corp., Xiamen Lilong Spandex Co. Ltd, Tayho Advanced Materials Co. Ltd, and Zhejiang Huafon Spandex Co. Ltd. Etc.
Significant investments on new commercial avenues for their product segments via strategic partnerships & collaborations are being performed in recent times. Investments towards extensive research and development activities coupled with increasing support for application of spandex fibre is expected to boost the market growth in the near future. There has also been a rise in demand for spandex fibre from various end-user industries and an increase in application scope owing to its superior properties. The launch of many bio-based, eco-friendly spandex products by market players is expected to drive the demand for spandex fibre over the next few years
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spandex fibre market Key Segmentation:
By Production Process:
• Solution Dry Spinning
• Solution Wet Spinning
By End User:
• Textile
• Healthcare
By Region:
• North America
• Europe
• Asia-Pacific
• Latin America
• MiddleEast & Africa
For any queries, inquire more https://www.researchcosmos.com/inquire/spandex-fiber-market-analysis-by-end-user-textile-healthcare-production-process-solution-dry-sp/76260843
Research Cosmos is a provider of standard and customized market research, business intelligence and consulting services across more than 100 domains in different industries of the world. We host the trending market reports of the world’s top-notch publishing companies, offering services to a wide range of customers from students to fortune 500 companies and discloses the hidden opportunities in every leading industry of the world.
Kevin Stewart
Global Sales Manager
Research Cosmos
www.researchcosmos.com
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