Infographics - Spandex Market

Spandex is a synthetic fiber known for its exceptional elasticity. It is produced from polyurethane and contains between 85-95% polyurethane. Spandex fibers exhibit high moisture absorption as well as excellent elastic recovery, which allows it to be stretched and deformed yet maintain its original shape after stretching. These unique properties make it suitable for a wide range of applications from sportswear, jeans, leggings, shapewear, activewear to swimsuits and bras. Rising demand for athletic and activewear across the globe is driving the growth of the spandex market.

Market Dynamics:

Increasing demand for athletic and activewear is a key driver fueling growth of the global spandex market. Spandex offers properties such as stretch, sweat-wicking, compression, and moisture-wicking which makes it highly suitable for use in these end-use industries. Rising health awareness and increasing participation in sports and fitness activities has been boosting demand for sports apparel, footwear, and other accessories. However, fluctuations in raw material prices poses a challenge for market players. Rising inflation and unstable crude oil prices have been increasing production costs. Opportunities lie in development of bio-based spandex fibers as a sustainable alternative to conventional petroleum-based fibers.

Key Features of the Study:

This report provides in-depth analysis of the global spandex market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global spandex market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include INVISTA, Asahi Kasei Corporation, Hyosung Corporation, Zhejiang Huafon Spandex Co. Ltd., Yantai Tayho Advanced Materials Co. Ltd., Indorama Industries Ltd, TK Chemical Corp., Taekwang Industrial Co. Ltd, Jiangsu Shaungliang Spandex Co. Ltd., Xiamen Lilong Spandex Co. Ltd., Tayho Advanced Materials Co., Ltd, DuPont, BASF, Mitsubishi Chemical, Dongil Industries, Nippon Shokubai, and Guilin Songquan
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global spandex market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global spandex market

Detailed Segmentation

By Fabric Type
- Two-Way
- Four-Way
By Application
- Apparel
- Automotive
- Medical
- Other Applications
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Key Players Insights
- INVISTA
- Asahi Kasei Corporation
- Hyosung Corporation
- Zhejiang Huafon Spandex Co. Ltd.
- Yantai Tayho Advanced Materials Co. Ltd.
- Indorama Industries Ltd
- TK Chemical Corp.
- Taekwang Industrial Co. Ltd
- Jiangsu Shaungliang Spandex Co. Ltd.
- Xiamen Lilong Spandex Co. Ltd.
- Tayho Advanced Materials Co., Ltd
- DuPont
- BASF
- Mitsubishi Chemical
- Dongil Industries
- Nippon Shokubai
- Guilin Songquan

Table of Contents

RESEARCH OBJECTIVES AND ASSUMPTIONS
- Research Objectives
- Assumptions
- Abbreviations
MARKET PURVIEW
- Report Description
  - Market Definition and Scope
- Executive Summary
  - Global Spandex Market, By Fabric Type
  - Global Spandex Market, By Application
  - Global Spandex Market, By Fabric Region
MARKET DYNAMICS, REGULATIONS, AND TRENDS ANALYSIS
- Market Dynamics
- Impact Analysis
- Key Highlights
- Regulatory Scenario
- Product Launches/Approvals
- PEST Analysis
- PORTER’s Analysis
- Merger and Acquisition Scenario
Global Spandex Market, By Fabric Type, 2024-2031, (USD Bn)
- Introduction
  - Market Share Analysis, 2024 and 2031 (%)
  - Y-o-Y Growth Analysis, 2020 - 2031
  - Segment Trends
- Two-Way
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Four-Way
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Global Spandex Market, By Application, 2024-2031, (USD Bn)
- Introduction
  - Market Share Analysis, 2024 and 2031 (%)
  - Y-o-Y Growth Analysis, 2020 - 2031
  - Segment Trends
- Apparel
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Automotive
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Medical
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Other Applications
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Global Spandex Market, By Region, 2019 - 2031, Value (USD Bn)
- Introduction
  - Market Share (%) Analysis, 2024,2027 & 2031, Value (USD Bn)
  - Market Y-o-Y Growth Analysis (%), 2019 - 2031, Value (USD Bn)
  - Regional Trends
- North America
  - Introduction
  - Market Size and Forecast, By Fabric Type, 2019 - 2031, Value (USD Bn)
  - Market Size and Forecast, By Application, 2019 - 2031, Value (USD Bn)
    - U.S.
    - Canada
- Latin America
  - Introduction
  - Market Size and Forecast, By Fabric Type, 2019 - 2031, Value (USD Bn)
  - Market Size and Forecast, By Application, 2019 - 2031, Value (USD Bn)
    - Brazil
    - Argentina
    - Mexico
    - Rest of Latin America
- Europe
  - Introduction
  - Market Size and Forecast, By Fabric Type, 2019 - 2031, Value (USD Bn)
  - Market Size and Forecast, By Application, 2019 - 2031, Value (USD Bn)
    - Germany
    - U.K.
    - Spain
    - France
    - Italy
    - Russia
    - Rest of Europe
- Asia Pacific
  - Introduction
  - Market Size and Forecast, By Fabric Type, 2019 - 2031, Value (USD Bn)
  - Market Size and Forecast, By Application, 2019 - 2031, Value (USD Bn)
    - China
    - India
    - Japan
    - Australia
    - South Korea
    - ASEAN
    - Rest of Asia Pacific
- Middle East
  - Introduction
  - Market Size and Forecast, By Fabric Type, 2019 - 2031, Value (USD Bn)
  - Market Size and Forecast, By Application, 2019 - 2031, Value (USD Bn)
    - GCC Countries
    - Israel
    - Rest of Middle East
- Africa
  - Introduction
  - Market Size and Forecast, By Fabric Type, 2019 - 2031, Value (USD Bn)
  - Market Size and Forecast, By Application, 2019 - 2031, Value (USD Bn)
    - South Africa
    - North Africa
    - Central Africa
COMPETITIVE LANDSCAPE
- INVISTA
  - Company Highlights
  - Product Portfolio
  - Key Developments
  - Financial Performance
  - Strategies
- Asahi Kasei Corporation
  - Company Highlights
  - Product Portfolio
  - Key Developments
  - Financial Performance
  - Strategies
- Hyosung Corporation
  - Company Highlights
  - Product Portfolio
  - Key Developments
  - Financial Performance
  - Strategies
- Zhejiang Huafon Spandex Co. Ltd.
  - Company Highlights
  - Product Portfolio
  - Key Developments
  - Financial Performance
  - Strategies
- Yantai Tayho Advanced Materials Co. Ltd.
  - Company Highlights
  - Product Portfolio
  - Key Developments
  - Financial Performance
  - Strategies
- Indorama Industries Ltd
  - Company Highlights
  - Product Portfolio
  - Key Developments
  - Financial Performance
  - Strategies
- TK Chemical Corp.
  - Company Highlights
  - Product Portfolio
  - Key Developments
  - Financial Performance
  - Strategies
- Taekwang Industrial Co. Ltd
  - Company Highlights
  - Product Portfolio
  - Key Developments
  - Financial Performance
  - Strategies
- Jiangsu Shaungliang Spandex Co. Ltd.
  - Company Highlights
  - Product Portfolio
  - Key Developments
  - Financial Performance
  - Strategies
- Xiamen Lilong Spandex Co. Ltd.
  - Company Highlights
  - Product Portfolio
  - Key Developments
  - Financial Performance
  - Strategies
- Tayho Advanced Materials Co., Ltd
  - Company Highlights
  - Product Portfolio
  - Key Developments
  - Financial Performance
  - Strategies
- DuPont
  - Company Highlights
  - Product Portfolio
  - Key Developments
  - Financial Performance
  - Strategies
- BASF
  - Company Highlights
  - Product Portfolio
  - Key Developments
  - Financial Performance
  - Strategies
- Mitsubishi Chemical
  - Company Highlights
  - Product Portfolio
  - Key Developments
  - Financial Performance
  - Strategies
- Dongil Industries
  - Company Highlights
  - Product Portfolio
  - Key Developments
  - Financial Performance
  - Strategies
- Nippon Shokubai
  - Company Highlights
  - Product Portfolio
  - Key Developments
  - Financial Performance
  - Strategies
- Guilin Songquan
  - Company Highlights
  - Product Portfolio
  - Key Developments
  - Financial Performance
  - Strategies
Analyst Recommendations
- Wheel of Fortune
- Analyst View
- Coherent Opportunity Map
References and Research Methodology
- References
- Research Methodology
- About us

*Browse 32 market data tables and 28 figures on 'Global Spandex Market' - Global forecast to 2031

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