Spandex Fabric Market Size, Share & Industry Analysis, By Production Process (Melt Extrusion, Reaction Spin , Solution Wet Spinning, Solution Dry Spinning), By Application (Sports Tights, Undergarments, Bandages, Hoses, Orthopedic Braces, Surgical Hoses, Others) And Regional Forecast, 2024-2032

Region :Global | Report ID: FBI104683 | Status : Ongoing

KEY INDUSTRY INSIGHTS

Spandex, also called as lycra or elastane is a type of synthetic fiber that is known for its exceptional elastic properties. Spandex fibers are manufactured in 4 ways; reaction spinning, melt extrusion, solution wet spinning and solution dry spinning. Elasticity of the spandex fibers increase the clothing pressure comfort which further provides maximum comfort and ease the body movements. Due to high reliability, elasticity and durability, spandex fabrics are widely employed rage of garments especially sports tights and other skin-tight garments.

High demand for spandex fabrics across the world for manufacturing sportswear & gym wear, slacks, socks, hosiery, swimwear and other clothing is expected to raise the demand for spandex fabrics. Additionally, increasing demand for spandex hoses and bandages from medical sector is one of the prime factor driving the market growth. Increasing technological advancements for enhancement of spandex is expected to drive the market growth.

However, manufacturing of spandex fabrics involves use of harmful chemicals which can cause serious skin allergies. This shall hinder the market growth.

Key Market Driver -

Increasing demand for spandex woven sportswear and gymwear.

Key Market Restraint -

Skin problems due to the chemicals used in manufacturing.

Market Segmentation:

Based on production process, the global spandex fabric market is segmented into solution wet spinning, solution dry spinning melt extrusion, and reaction spin. Based on application, market is segmented into sports tights, undergarments, bandages, hoses, orthopedic braces, surgical hoses, and other applications.

From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Key Players Covered:

The global spandex fabric market consists of global & regional players operating. Some of the key players in the market include Asahi Kasei Corporation, Far Eastern New Century Corporation, Du Pont, Toray Industries, Yantai Tayho Advanced Material Corporation Ltd, Hyosung Corporation, and others.

Key Insights

New Advancements in Production Technologies

Key Trends in the Spandex Fabric Market

New Product Launches, Expansions, Key Players

Ranking of Key Players in the Market

Regional Analysis:

The market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific region is anticipated to hold the largest share in global market due to the high demand for textile products from economies like South Korea, India, China, and Japan. Additionally, the increasing population in India and China is driving the regional demand for clothing. North America is estimated to show significant growth attributed to substantial spending on clothing and lifestyle. Considerable number of manufacturing companies is the North America shall contribute to the market growth. Europe is expected to show considerable growth due to increasing demand from healthcare sector. Latin America & Middle East & Africa shall exhibit sluggish growth by the end of forecast period.

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Segmentation

ATTRIBUTE	DETAILS
By Production Process	Melt Extrusion Reaction Spin Solution Wet Spinning Solution Dry Spinning
By Application	Sports Tights Undergarments Bandages Hoses Orthopedic Braces Surgical Hoses Others
By Geography	North America (U.S., and Canada) Europe (Germany, UK, France, Italy, and Rest of Europe) Asia Pacific (China, India, Japan, and Rest of Asia Pacific) Latin America (Mexico, Brazil, and Rest of Latin America) Middle East & Africa (UAE, South Africa, and Rest of Middle East & Africa)

Spandex Fabric Industry Developments

In April 2016, Asahi Kasei launched the world’s first recycled eco-friendly Spandex under brand name Roica EF for various applications like innerwear, sportswear, and outwear. Now recycling of spandex was considered as difficult due to the thermal decomposition temperature.

Far Eastern New century, a Taiwan based textile manufacturer and supplier, unveiled a new range of environmental advances and chemical recycling solutions for textiles which also includes Spandex-blended polyester.

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PUBLISHING STATUS: Ongoing
BASE YEAR: 2023
HISTORICAL DATA: 2019-2022

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