Spandex Market What Factors are Affecting Growth and Demand of Industry?

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Spandex Market What Factors are Affecting
Growth and Demand of Industry?
Spandex Market, By Production Process (Dry
Spinning, Wet Spinning, Melt Extrusion, Reaction
Spinning), Application (Clothing, Medical,
Others), Fabric Type (Two-Way, Four-Way),
Downstream Processes (Knitting, Weaving, Yarn
Covering), Country (U.S., Canada, Mexico, Brazil,
Argentina, Rest of South America, Germany,
France, Italy, U.K., Belgium, Spain, Russia,
Turkey, Netherlands, Switzerland, Rest of Europe,
Japan, China, India, South Korea, Australia,
Singapore, Malaysia, Thailand, Indonesia,
Philippines, Rest of Asia-Pacific, U.A.E, Saudi
Arabia, Egypt, South Africa, Israel, Rest of
Middle East and Africa) Industry Trends and
Forecast to 2028.
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Market Analysis and Insights
Spandex (also known as elastane or lycra) is soft
smooth, lightweight fiber, made out of synthetic
polymer or polyurethane which has extraordinary
stretch ability. It is has significant elasticity
capability, due to which it finds its application
in a wide-variety of clothing and medical
products development. The factors such as rising
levels of utilization of spandex for development
of stretchable fabric clothing and high demands
associated with the sports-wear and active wear
products are the root cause fueling up the
spandex market growth rate. Additionally, the
various beneficial properties offered by spandex
like superior elasticity, durability,
lightweight, UV resistance will also directly and
positively impact the growth rate of the spandex
market. However, the volatile nature of product
prices along with the slower economic growth and
the threat of emerging substitutes derail growth
of the spandex market.
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Major Key Players

• Some of the major players operating in this
  market are
• inviya
• TORAY INDUSTRIES, INC.
• INVISTA, Asahi Kasei Corporation
• HYOSUNG
• Zhejiang Huafon Spandex
• Yantai Tayho Advanced Materials Co.,Ltd
• TK Chemical Corporation
• TAEKWANG INDUSTRIAL CO.,LTD.

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spandex-market
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Market Segmentation

• By Production Process (Dry Spinning, Wet
  Spinning, Melt Extrusion, Reaction Spinning)
• By Application (Clothing, Medical, Others)
• By Downstream Processes (Knitting, Weaving, Yarn
  Covering)

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Regional Analysis

• Based on geography, the market is segmented into
  five geographical regions
• North America
• Europe
• Asia-Pacific
• South America
• Middle East
• Africa

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