Americas Spandex Market 2020 Top Companies - Hyosung, INVISTA, TK Chemical Corporation, Taekwang Industrial Co. Ltd

Americas spandex market is expected to witness prominent growth, given to increasing product adoption in various sports activities. Spandex is a lightweight, synthetic fiber that offers exceptional elasticity, making it a viable option for sportswear applications. As the material is extremely comfortable, lightweight, and can easily dry, it is considered as a premium fabric in activewear and sportswear products.

Stating some major trends that may accelerate Americas spandex market share:

Increasing demand for swimwear

Swimming is considered as one of the most popular and effective fitness and recreational activities. Rising concerns over fitness and health among all age groups have encouraged people to opt for swimming, accelerating the demand for swimwear products.

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Spandex swimwear can protect users from chlorinated water, boosting product significance. Reportedly, in 2018, the swimwear segment recorded over 7% revenue share in Americas spandex market and is expected to experience steady growth over the forecast period.

High prominence in the healthcare sector

Americas spandex market is gaining traction across several end-user industries. In the medical sector, spandex is used for making bandages, diapers, and surgical hoses & compressional. The burgeoning healthcare sector of Americas could improve industry outlook in the coming years.

On the other hand, increasing product implementation in home furnishing products and automotive textiles could further boost Americas spandex market size.

Latin America to emerge as a lucrative revenue growth

Led by Brazil and Argentina, Latin America spandex market is expected to offer sizable growth opportunities to industry participants. Studies claim that Brazil spandex market may record a considerable 10.5% CAGR over 2020- 2025. The nation has witnessed increasing prevalence of obesity, particularly among children. In fact, reports claim that more than 30% children in Brazil are overweight.

Key Point of TOC:

Chapter 6 Company Profiles

6.1 Hyosung
6.1.1 Business Overview
6.1.2 Financial Data
6.1.3 Product Landscape
6.1.4 SWOT Analysis
6.1.5 Strategic Outlook

6.2 INVISTA
6.2.1 Business Overview
6.2.2 Financial Data
6.2.3 Product Landscape
6.2.4 SWOT Analysis
6.2.5 Strategic Outlook

6.3 TK Chemical Corporation
6.3.1 Business Overview
6.3.2 Financial Data
6.3.3 Product Landscape
6.3.4 SWOT Analysis
6.3.5 Strategic outlook

6.4 Taekwang Industrial Co. Ltd.
6.4.1 Business Overview
6.4.2 Financial Data
Continue...

Most people follow an inactive and sedentary lifestyle which has led to increased occurrence of chronic health conditions like high cholesterol, hypertension, and diabetes. This has encouraged people to participate in sports and leisure activities, accelerating market growth over the forecast period.

Elaborating on the regional market share, Argentina spandex is expected to record 10% CAGR by 2025. As per a national survey of risk factors by the FIC (Fundacion InterAmericana del Corazon) Argentina, two-thirds of the adult population of Argentina is estimated to be overweight.

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This has encouraged more people to participate in outdoor and indoor sports activities, creating lucrative growth opportunities for the companies developing spandex sportswear.

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