What's driving the Spandex Market trends? Top Companies : Asahi Kasei Corporation, DuPont, Hyosung Corporation, Indorama Industries Limited, INVISTA, Jiangsu Shaungliang Spandex Co., Ltd, Among Others.

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.

Spandex is used in sportswear, active wear, casual clothing, under garments, home furnishings, diapers, bandages, and compression stocking and hoses.

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.

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
On the basis of application, the global spandex market is segmented into
Medical
Textile
Others

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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. 
There is a lucrative demand for spandex in textile and healthcare industry which has augmented the spandex market in North America.

In developing nations of Latin America, Africa, and Middle East, factors such as increasing population, increasing disposable income, and rising preference and adoption of spandex containing products are fueling the growth of spandex market in this region.

Key Players in the Global Spandex Market
The key market players in spandex market are adopting inorganic and organic strategies such as merger and acquisition, capacity expansion, and new product launch to sustain their position. 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.

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