Spandex Market, By Fabric Type (Two-Way and Four-Way), By Application (Apparel, Automotive, Medical, and Other Applications), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

Description

The global spandex market is estimated to be valued at USD 3.04 Billion in 2024 and is expected to reach USD 4.72 Billion by 2031, exhibiting a compound annual growth rate (CAGR) of 6.5% from 2024 to 2031.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2024:	US$ 3.04 Bn
Historical Data for:	2019 To 2023	Forecast Period:	2024 To 2031
Forecast Period 2024 to 2031 CAGR:	6.50%	2031 Value Projection:	US$ 4.72 Bn

Figure. Spandex Market Share (%), By Region 2024

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

Product Code: CMI311

1. RESEARCH OBJECTIVES AND ASSUMPTIONS

Research Objectives
Assumptions
Abbreviations

2. 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

3. 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

4. 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)

5. 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)

6. 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

7. 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

8. Analyst Recommendations

Wheel of Fortune
Analyst View
Coherent Opportunity Map

9. References and Research Methodology

References
Research Methodology
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