Press release
Spandex Market Worth US$ 8,704.6 Mn By 2021
According to the U.S Federal Trade Commission (FTC), “Spandex is a manufactured fiber in which the fiber-forming substance is a long-chain synthetic polymer comprising at least 85% of segmented polyurethane.” This fiber, also called elastane, is a synthetic long-chain polyurethane-polyurea copolymer composed of rigid diisocyanate segments and flexible macro-glycol segments arranged in a specific order. The fiber is characterized by exceptional stretch and recovery properties, with the elongation at break of around 400% to 600%. These characteristics entail its wide-scale use in a diverse set of applications in textile & clothing and healthcare industries. Some prominent areas of application for spandex fibers include sportswear, casual clothing, home furnishings, and undergarments. Medical and healthcare-related applications of spandex fibers include diapers, compression stockings & hoses, and bandages.
In the recent past, there has been a steady increase in demand for spandex-based stretchable clothing & apparel in developing regions. Steadily rising population, coupled with increasing disposable income, in these regions is expected to drive the growth of the global spandex market over the forecast period. Besides, increasing demand from healthcare-related applications is another major factor driving the growth of the global spandex market during the forecast period. On the contrary, relatively slower economic growth in some major clothing & apparel-importing countries is expected to act as a deterrent to the growth of the global spandex market over the forecast period. Revenue from the global spandex market is expected to increase from US$ 4,834.8 Mn in 2015 to US$ 8,704.6 Mn by 2021, expanding at a CAGR of 10.3% over the forecast period.
In terms of market value, Asia-Pacific is expected to dominate the global spandex market during the forecast period, whereas the Middle East & Africa, Latin America, Europe, and North America are expected to account for a relatively smaller share in the global spandex market value during the forecast period. Asia Pacific is expected to register a CAGR of 11.0% in terms of market value over the forecast period.
Request to view table of content @ http://www.persistencemarketresearch.com/market-research/spandex-market/toc
On the basis of application, the medical segment is slated to expand at a relatively faster CAGR during the forecast period. Growth in this segment is primarily driven by increasing demand for medial textiles & apparel and rising demand for diapers from certain regions. In terms of market value, a medical segment is expected to expand at a CAGR of 10.8% over the forecast period. In terms of overall market value, clothing segment is expected to dominate the global spandex market throughout the forecast period.
A sample of this report is available upon request @ http://www.persistencemarketresearch.com/samples/4358
Hyosung Corporation, INVISTA, Asahi Kasei Corporation, and Zhejiang Huafon Spandex Co. Ltd are leading players in the global Spandex market. Other players in the market include Yantai Tayho Advanced Materials Co., Ltd, TK Chemical Corp., Taekwang Industrial Co. Ltd., Jiangsu Shaungliang Spandex Co., Ltd, Xiamen Lilong Spandex Co., Ltd, and Indorama Industries Limited.
About Us
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.
To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.
Contact Us
Persistence Market Research
305 Broadway
7th Floor, New York City,
NY 10007, United States,
USA Canada Toll Free: 800-961-0353
Email: sales@persistencemarketresearch.com
Web: http://www.persistencemarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Spandex Market Worth US$ 8,704.6 Mn By 2021 here
News-ID: 521099 • Views: …
More Releases from Persistence Market Research
Bean Bag Chairs Market to Reach US$ 8.49 billion by 2032, Reports Persistence Ma …
The global bean bag chairs market is witnessing robust growth, fueled by rising consumer inclination toward ergonomic seating, evolving interior décor trends, and increasing adoption of lightweight and versatile furniture across residential and commercial environments. Bean bag chairs have transitioned from casual, youth-centric seating to mainstream furniture solutions, offering comfort, flexibility, and modern aesthetics.
Get a Sample PDF Brochure of the Report (Use Corporate Email ID for a Quick Response): https://www.persistencemarketresearch.com/samples/31535
…
Toilet Rim Block Market Set for Robust Growth, Reaching US$2.9 Bn by 2031
The global toilet rim block market is witnessing strong and steady growth, driven by rising consumer focus on hygiene, increasing demand for convenient cleaning solutions, and rapid expansion of home care product innovation. As sanitation standards continue to gain importance globally, toilet rim blocks have emerged as a simple yet highly effective solution for maintaining freshness, stain prevention, and continuous cleaning action in households and commercial washrooms.
Get a Sample PDF…
Tennis Equipment Market Set for Steady Growth, Reaching US$2.5 Bn by 2030 - PMR …
The global tennis equipment market is witnessing stable growth, driven by rising sports participation, increasing interest in recreational activities, and the growing influence of professional tournaments worldwide. As tennis continues to expand its reach across emerging markets, demand for high-quality and performance-oriented equipment is gaining momentum. From rackets and balls to footwear, apparel, and accessories, innovation and player-centric design remain at the forefront of industry developments.
Get a Sample PDF Brochure…
Mineral Sunscreen Market to Reach US$2.3 billion by 2030 Amid Rising Demand for …
Market Introduction and Definition
The mineral sunscreen market is anticipated to witness substantial growth from 2023 to 2030, driven by increasing awareness about the harmful effects of UV radiation on the skin and a growing emphasis on skin health. Consumers' rising preference for natural and organic ingredients in personal care products, coupled with concerns about chemical sunscreens, is boosting the demand for mineral-based alternatives. The market is expected to benefit from…
More Releases for Spandex
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…
Spandex Fiber market: Factors Benefitting Emergence of New Entrants | Hyosung Co …
"QY Research holds tons of experience in offering comprehensive and accurate analysis of global as well as regional markets. The report presented here is an industry-best compilation of detailed and quality research studies on the global Spandex Fiber market. It provides SWOT, PESTLE, and other important types of analysis to give a real and complete picture of the current and future scenarios of the global Spandex Fiber market. The analysts…
Spandex Market Potential Growth 2023 -2030, Industry Analysis, Size, Share | Xia …
Report Summary:
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.
In accordance with coherent…
Spandex Market Development from 2021-2031
The global spandex market is estimated to expand at a CAGR of more than 8% over the forecast period of 2022-2031. Growing demand from industries such as medical and textiles is one of the leading driving factors for rising growth and consumption of spandex.
Rapidly growing population combined with increased consumer disposable income is expected to drive demand for sports and active wear, resulting in market expansion. Increasing engagement in sporting…
Spandex Market Size from 2021-2031
The global spandex market is estimated to expand at a CAGR of more than 8% over the forecast period of 2022-2031. Growing demand from industries such as medical and textiles is one of the leading driving factors for rising growth and consumption of spandex.
Rapidly growing population combined with increased consumer disposable income is expected to drive demand for sports and active wear, resulting in market expansion. Increasing engagement in sporting…
Spandex Fabric Market Forecast to 2025
Global Spandex Fabric Market provides a basic overview of the industry including definitions, classifications, applications and industry chain structure. The Spandex Fabric Market analysis is provided for the international Industry including development trends, competitive landscape analysis, and key regions development status.
The report provides key statistics on the market status of the Spandex Fabric Market manufacturers and…
