Americas Spandex Market Growth, Application, Driver, Trends and Forecasts by 2026

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Americas Spandex Market Growth, Application,
Driver, Trends and Forecasts by 2026
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Global Market Scenario of Americas Spandex
Industry

• According to a study conducted by Global Market
  Insights, Inc., Americas spandex market is
  expected to record prominent revenue growth over
  2025.
• 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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Continue-

• 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.
• 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.
• 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.

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360 Industry Analysis

• 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.
• 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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• Competitive Analysis
• Hyosung, INVISTA, TK Chemical Corporation,
  Taekwang Industrial Co. Ltd.
• Growth Drivers
• Product penetration in the apparel and textile
  industry
• Large automotive production capacity along with
  technological developments in the industry
• Expansion in the global spandex production
  capacity along with ease in raw material
  availability

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