Press release
Spandex Market is expected to reach US$ 20 Bn in Revenue by 2033 with a steady growth rate of 8.3%
According to Persistence Market Research's most recent market report, the global market for spandex will reach US$ 9,100.0 Mn in 2023. The market for spandex is expected to reach US$ 20,198.8 Mn in value by 2033 with a steady growth rate of 8.3%.
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One major factor contributing to the growth of the spandex market is the rising trend of athleisure and active lifestyles. The demand for comfortable and flexible clothing that allows for ease of movement has surged in recent years. Spandex provides the necessary stretch and recovery properties, enabling the production of form-fitting, high-performance garments for sports and fitness activities. The popularity of yoga, fitness training, and other physical activities has further fueled the demand for spandex-based apparel.
Companies
Hyosung Corporation
Asahi Kasei Corporation
INVISTA
Zhejiang Huafon Spandex Co. Ltd
TK Chemical Corp
Taekwang Industrial Co. Ltd.
Yantai Tayho Advanced Materials Co., Ltd
Xiamen Lilong Spandex Co., Ltd
Jiangsu Shuangliang Spandex Co., Ltd.
Toray Industries
Xiamen Lilong Spandex Co., Ltd.
DuPont de Nemours, Inc.
Indorama Industries
Far Eastern New Century Corporation
Mitsubishi Chemical Engineering Corporation
Inviya
LYCRA
Tabb Textile Company Inc
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Furthermore, advancements in textile technology have led to the development of innovative spandex fibers with improved properties. High-performance spandex fibers offer enhanced moisture-wicking, breathability, and resistance to chemicals and UV radiation. These features make spandex a preferred choice for sportswear and outdoor clothing, where functionality and performance are crucial.
Moreover, the growing awareness of sustainable fashion and the demand for eco-friendly materials have influenced the spandex market. Manufacturers are investing in research and development to produce spandex fibers using recycled materials and environmentally friendly processes. Additionally, efforts are being made to improve the recyclability and biodegradability of spandex, reducing its impact on the environment.
Geographically, the spandex market experiences significant growth across various regions. Asia Pacific, particularly China, is a major producer and consumer of spandex due to its large textile manufacturing industry. North America and Europe also have well-established spandex markets, driven by the demand for high-quality sportswear and intimate apparel.
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Spandex Market Segmentation
By Fabric Type, the Spandex market is segmented as:
Two-Way
Four-Way
By Process, the Spandex market is segmented as:
Knitting
Weaving
Yarn Covering
By Application, the Spandex market is segmented as:
Clothing
Sportswear
Home Furnishing
Underwear
Other Clothing (Casuals, denim, etc.)
Medical
Diapers
Compression Stockings & Surgical Hoses
Other Medical Applications (bandages, etc.)
By Region:
North America
Latin America
Europe
East Asia
South Asia & Pacific
Middle East & Africa
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About Us
Persistence Market Research is a U.S.-based full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. Persistence Market Research boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients' business needs.
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How Nylon Spandex Elasticity Impacts Performance?
Image: https://www.iyunaitextile.com/uploads/%E5%8D%9A%E5%AE%A2%E6%A0%87%E9%A2%98-How-Nylon-Spandex-Elasticity-Impacts-Performance.jpg
Nylon Spandex Fabric elasticity variations [https://www.iyunaitextile.com/nylon-spandex-sports-fabric/] define how garments perform during intense activities. You experience superior comfort and flexibility when elasticity is balanced. Stretch nylon fabric [https://www.iyunaitextile.com/nylon-spandex-sports-fabric/] adapts to movement, while nylon stretch fabric ensures durability. Nylon fabric [https://www.iyunaitextile.com/nylon-spandex-sports-fabric/] blends with spandex to create recovery properties, keeping your gear functional even after repeated use.
Key Takeaways
* Nylon spandex fabrics stretch well and bounce back easily. This makes them great…
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Coherent Industry Insights presents encyclopedic research of the Spandex Market with holistic insights into significant variables and features driving the future growth of the market. The Spandex Market was studied for the projected year 2023-2030 as well as the historical period 2017-2022. The research study provides complete qualitative and quantitative analysis to help shareholders obtain a thorough grasp of the Spandex Market and its crucial dynamics.
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