Spandex Market to Raise at a CAGR of 10.3% over the Forecast Period 2023 - 2031

The global Spandex Market size was estimated at US$ 9,100.0 Mn in 2024 and is expected to register a CAGR of 10.3% during 2023-2031.

Spandex Market - Scope of Report

Persistence Market Research recently published a report on the spandex market. Spandex demand has been steadily increasing owing to its excellent properties such as high elasticity, light weight and good color fastness which have enabled manufacturers to produce innovative products such as body shapers, compression socks and orthopedic braces that are comfortable to wear & provide physical support for athletes & elderly people alike.

Spandex is used for making a wide variety of products, such as elastic clothing, sportswear, lingerie, swimwear, medical compression garments and athletic protective gear. Spandex is also used to make flexible high temperature hoses and tubing. Spandex is popular among consumers because it has excellent properties that enable it to stretch and contract repeatedly without losing its shape or strength.

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Key indicators of market background, such as value chain analysis and supply chain, compounded annual growth rate (CAGR), and year-on-year (Y-o-Y) growth of the market are explained in Persistence Market Research's study in a comprehensive manner. This information can help readers understand the quantitative development projections of the spandex market over the forecast period.

The study is relevant for stakeholders in the market, as well as manufacturers, distributors, suppliers, and investors, as it can help them understand the applicable strategies to grow in the market. Stakeholders, investors, industry experts, researchers, and journalists, as well as business researchers in the spandex market can leverage the information and statistics presented in Persistence Market Research's report.

The report includes facts and figures related to the macro- as well as microeconomic factors that are impacting the growth of the market. The study also offers actionable insights based on the future trends in the market. Furthermore, regional players and new entrants in the spandex market can also use the information presented in this report to make business decisions and gain momentum in the market.

Key Segments of Market

Persistence Market Research's study on the spandex market is divided into four significant segments - fabric type, process, application, and region. This report offers comprehensive data and information about the important market dynamics and growth parameters related to these categories.

By Fabric Type

• Two-way
• Four-way

By Process

• Knitting
• Weaving
• Yarn Covering

By Application

Clothing

• Sportswear
• Home Furnishing
• Underwear
• Other Clothing (Casuals, Denims, etc.)

Medical

• Diapers
• Compression Stockings & Surgical Hoses
• Other Medical Applications (Bandages, etc.)

By Region

• North America
• Europe
• Asia Pacific
• MEA
• Latin America

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Key Questions Answered in Market Report

• Which country is anticipated to hold a prominent market share over the forecast period?
• What will be the key driving factors propelling the demand for spandex during the forecast period?
• How current trends will impact the market?
• Who are significant spandex manufacturers?
• What are the crucial strategies of prominent players in the spandex market to upscale their positions in this landscape?

Research Methodology

In this research report, exclusive research methodology is utilized to conduct comprehensive research on the development of the spandex market, and reach conclusions on the future growth factors of the market. In this research methodology, secondary and primary research is utilized by analysts to ensure the precision and reliability of the conclusions.

Secondary resources are referred to by analysts during the evaluation of the market, which comprise facts and figures from white papers, trade journals, and external and internal databases. Analysts have thoroughly interviewed several industry experts, such as sales supervisors, sales operation managers, product portfolio managers, senior managers, market intelligence managers, marketing/product managers, engineering managers, and production managers to provide insightful information.

Comprehensive information acquired from primary and secondary resources is validated from companies operating in the spandex market, to make Persistence Market Research's projections on the growth prospects of the market more accurate and reliable.

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Read more:

https://www.prnewswire.com/news-releases/spandex-market-is-estimated-to-expand-at-a-cagr-of-more-than-8-over-the-forecast-period-of-2021-2031-pmr-821586241.html

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The Chemicals and Materials division of Persistence Market Research offers distinct and pin-point analysis about chemicals and materials industry. Chemical coverage extends from commodity, bulk, specialty and petrochemicals to advanced materials, composites and nanotechnology in particular with special emphasis on 'green alternatives', recycling and renewable technology developments, supply-demand-trade assessment. Our research studies are widely referred by chemical manufacturers, research institutions, channel partners and government bodies for developing - 'The Way Forward'.

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