Spandex Market 2021| Global Size, Share of Material by Asahi Kasei Corp, Hyosung TNC Co, TK Chemical Corp, INVISTA and Others till 2027

Spandex, commonly known as lycra or elastane, is lightweight synthetic fiber known to possess exceptional strength and elasticity. In addition, spandex fabrics possess resistance to UV light. Spandex is used in manufacturing skin tight and stretchable garments. The spandex fiber finds wide usage in applications involving strenuous movements such as active sportswear. Spandex is also used across healthcare and textile industries in the manufacturing of diapers, compression stockings, home furnishings, and undergarments.

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The spandex market is anticipated to grow in the forecast period owing to thriving demands for sportswear and activewear coupled with rising disposable incomes of consumers. Demands from healthcare industries for use in surgical hoses, bandages, diapers, and compression stockings further fuel the spandex market growth. However, declining imports of apparel and clothing in some major countries due to slower economic growth deters the spandex market growth. On the other hand, the global spandex market is likely to showcase growth opportunities with increasing investment in R&D during the forecast period.

"Global Spandex Market Analysis to 2027" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of spandex market with detailed market segmentation by the process, fabric type, application, and geography. The global spandex market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading spandex market players and offers key trends and opportunities in the market.

The global spandex market is segmented on the basis of process, fabric type, and application. Based on process, the market is segmented as knitting, weaving, and yarn covering. On the basis of the fabric type, the market is segmented as two-way and four-way. The market on the basis of the application is classified as clothing and medical. The market, based on clothing, is sub-segmented as sportswear, home furnishing, underwear, and others. By medical, the market is sub segmented as diapers, compression stockings & hoses, and others.

Regional Overview:

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global spandex market based on various segments. It also provides market size and forecast estimates from the year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The spandex market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting spandex market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the spandex market in these regions.

Key Companies are:

1. Asahi Kasei Corp.
2. Hyosung TNC Co
3. Indorama Industries Limited (IIL)
4. INVISTA (Koch Industries, Inc. )
5. Jiangsu Shuangliang Spandex Co. , Ltd
6. Taekwang Synthetic Fiber Co. , Ltd.
7. TK Chemical Corp.
8. Xiamen Lilong Spandex Co. ,Ltd
9. Yantai Tayho Advanced materials Co. ,Ltd
10. Zhejiang Huafon Spandex Co. , Ltd.

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