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Spandex Market Size Detail Analysis focusing on Key Players like Asahi Kasei Corporation, DuPont, Hyosung Corporation, Indorama Industries Limited, INVISTA, Jiangsu Shaungliang Spandex Co., Ltd, TK Chemical Corp., Xiamen Lilong Spandex Co., Ltd, Yantai, T

05-28-2019 03:15 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Coherent Market Insights

Spandex Market

Spandex Market

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

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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.

Dry spinning is commonly used for synthesis of spandex as it is a cost effective method. However, the use of wet spinning method is increasing due to its application in manufacturing spandex for medical use. Textile is the largest application segment of spandex market, owing to increasing awareness about its stretching ability and increasing demand for sportswear.

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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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,

Key Players in the Global Spandex Market
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.

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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Coherent Market Insights
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