PUBLISHER: IMARC | PRODUCT CODE: 1468433
PUBLISHER: IMARC | PRODUCT CODE: 1468433
Spandex Fiber Market Report by Fabric Type (Two-Way, Four-Way), Production Method (Solution Dry Spinning, Solution Wet Spinning, and Others), Application (Apparel and Clothing, Home Furnishing, and Others), and Region 2024-2032
The global spandex fiber market size reached US$ 8.2 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 12.5 Billion by 2032, exhibiting a growth rate (CAGR) of 4.6% during 2024-2032.
Spandex fiber, also known as elastane, is a man-made fiber that is lightweight, smooth and possesses unique elasticity. It is abrasion-resistant and demonstrates negligible damage from needle cutting when stitched as compared to other elastic materials. In addition, it offers several advantages, including durability; resistance against body oils, perspiration, lotions, and detergents; and no static and pilling problems. As a result, it is widely used in the manufacturing of athletic, aerobic, exercise apparel, swim and bathing suits, brassiere straps and bra side panels, ski pants, slacks, hosiery, socks, belts, surgical hose, bicycle pants, foundation, and shaped garments.
Spandex Fiber Market Trends:
The growing utilization of spandex fiber in swimming and cycling garments worldwide represent one of the key factors driving the market. Moreover, governments of several countries are focusing on encouraging students to participate in sports. This, along with the rising demand for rapid dry and comfortable fabrics for activewear, is propelling the growth of the market. In addition, there is a rise in the utilization of spandex fiber in the healthcare industry to manufacture pressure diapers, compression stockings, surgical hoses, and bandages across the globe. This, coupled with the increasing employment of spandex fiber in the automotive industry to make door panel fabrics, is positively influencing the market. Besides this, the escalating demand for textiles around the world is offering lucrative growth opportunities to investors and end-users. Furthermore, key market players are focusing on the capacity and business expansions, partnerships, and mergers and acquisitions (M&A) to expand their customer base. These players are also extensively investing in research and development (R&D) activities to enhance product quality, which is projected to augment their overall sales and profitability.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global spandex fiber market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on fabric type, production method and application.
Breakup by Fabric Type:
Two-Way
Four-Way
Breakup by Production Method:
Solution Dry Spinning
Solution Wet Spinning
Others
Breakup by Application:
Apparel and Clothing
Sportswear
Casual Wear
Inner Wear
Medical and Healthcare
Others
Home Furnishing
Others
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Asahi Kasei Corporation, BASF SE, Huafon Chemical Co. Ltd., Hyosung Corporation, Indorama Corporation, Invista (Koch Industries Inc.), Mitsubishi Chemical Corporation, Taekwang Industrial Co.Ltd, Teijin Limited, TK Chemical Corporation, Toray Industries Inc., Xiamen Lilong Spandex Co. Ltd. and Yantai Tayho Advanced Materials Co. Ltd.
Key Questions Answered in This Report
- 1. What was the size of the global spandex fiber market in 2023?
- 2. What is the expected growth rate of the global spandex fiber market during 2024-2032?
- 3. What are the key factors driving the global spandex fiber market?
- 4. What has been the impact of COVID-19 on the global spandex fiber market?
- 5. What is the breakup of the global spandex fiber market based on the production method?
- 6. What is the breakup of the global spandex fiber market based on the application?
- 7. What are the key regions in the global spandex fiber market?
- 8. Who are the key players/companies in the global spandex fiber market?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Spandex Fiber Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Fabric Type
- 6.1 Two-Way
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Four-Way
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
7 Market Breakup by Production Method
- 7.1 Solution Dry Spinning
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Solution Wet Spinning
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Others
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
8 Market Breakup by Application
- 8.1 Apparel and Clothing
- 8.1.1 Market Trends
- 8.1.2 Key Segments
- 8.1.2.1 Sportswear
- 8.1.2.2 Casual Wear
- 8.1.2.3 Inner Wear
- 8.1.2.4 Medical and Healthcare
- 8.1.2.5 Others
- 8.1.3 Market Forecast
- 8.2 Home Furnishing
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Others
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
9 Market Breakup by Region
- 9.1 North America
- 9.1.1 United States
- 9.1.1.1 Market Trends
- 9.1.1.2 Market Forecast
- 9.1.2 Canada
- 9.1.2.1 Market Trends
- 9.1.2.2 Market Forecast
- 9.1.1 United States
- 9.2 Asia-Pacific
- 9.2.1 China
- 9.2.1.1 Market Trends
- 9.2.1.2 Market Forecast
- 9.2.2 Japan
- 9.2.2.1 Market Trends
- 9.2.2.2 Market Forecast
- 9.2.3 India
- 9.2.3.1 Market Trends
- 9.2.3.2 Market Forecast
- 9.2.4 South Korea
- 9.2.4.1 Market Trends
- 9.2.4.2 Market Forecast
- 9.2.5 Australia
- 9.2.5.1 Market Trends
- 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
- 9.2.6.1 Market Trends
- 9.2.6.2 Market Forecast
- 9.2.7 Others
- 9.2.7.1 Market Trends
- 9.2.7.2 Market Forecast
- 9.2.1 China
- 9.3 Europe
- 9.3.1 Germany
- 9.3.1.1 Market Trends
- 9.3.1.2 Market Forecast
- 9.3.2 France
- 9.3.2.1 Market Trends
- 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
- 9.3.3.1 Market Trends
- 9.3.3.2 Market Forecast
- 9.3.4 Italy
- 9.3.4.1 Market Trends
- 9.3.4.2 Market Forecast
- 9.3.5 Spain
- 9.3.5.1 Market Trends
- 9.3.5.2 Market Forecast
- 9.3.6 Russia
- 9.3.6.1 Market Trends
- 9.3.6.2 Market Forecast
- 9.3.7 Others
- 9.3.7.1 Market Trends
- 9.3.7.2 Market Forecast
- 9.3.1 Germany
- 9.4 Latin America
- 9.4.1 Brazil
- 9.4.1.1 Market Trends
- 9.4.1.2 Market Forecast
- 9.4.2 Mexico
- 9.4.2.1 Market Trends
- 9.4.2.2 Market Forecast
- 9.4.3 Others
- 9.4.3.1 Market Trends
- 9.4.3.2 Market Forecast
- 9.4.1 Brazil
- 9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast
10 SWOT Analysis
- 10.1 Overview
- 10.2 Strengths
- 10.3 Weaknesses
- 10.4 Opportunities
- 10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 Asahi Kasei Corporation
- 14.3.1.1 Company Overview
- 14.3.1.2 Product Portfolio
- 14.3.1.3 Financials
- 14.3.1.4 SWOT Analysis
- 14.3.2 BASF SE
- 14.3.2.1 Company Overview
- 14.3.2.2 Product Portfolio
- 14.3.2.3 Financials
- 14.3.2.4 SWOT Analysis
- 14.3.3 Huafon Chemical Co. Ltd.
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.3.3 Financials
- 14.3.4 Hyosung Corporation
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.4.3 Financials
- 14.3.4.4 SWOT Analysis
- 14.3.5 Indorama Corporation
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.6 Invista (Koch Industries Inc.)
- 14.3.6.1 Company Overview
- 14.3.6.2 Product Portfolio
- 14.3.7 Mitsubishi Chemical Corporation
- 14.3.7.1 Company Overview
- 14.3.7.2 Product Portfolio
- 14.3.7.3 Financials
- 14.3.7.4 SWOT Analysis
- 14.3.8 Taekwang Industrial Co.Ltd
- 14.3.8.1 Company Overview
- 14.3.8.2 Product Portfolio
- 14.3.8.3 Financials
- 14.3.9 Teijin Limited
- 14.3.9.1 Company Overview
- 14.3.9.2 Product Portfolio
- 14.3.9.3 Financials
- 14.3.9.4 SWOT Analysis
- 14.3.10 TK Chemical Corporation
- 14.3.10.1 Company Overview
- 14.3.10.2 Product Portfolio
- 14.3.10.3 Financials
- 14.3.11 Toray Industries Inc.
- 14.3.11.1 Company Overview
- 14.3.11.2 Product Portfolio
- 14.3.11.3 Financials
- 14.3.11.4 SWOT Analysis
- 14.3.12 Xiamen Lilong Spandex Co. Ltd.
- 14.3.12.1 Company Overview
- 14.3.12.2 Product Portfolio
- 14.3.13 Yantai Tayho Advanced Materials Co. Ltd.
- 14.3.13.1 Company Overview
- 14.3.13.2 Product Portfolio
- 14.3.1 Asahi Kasei Corporation
List of Figures
- Figure 1: Global: Spandex Fiber Market: Major Drivers and Challenges
- Figure 2: Global: Spandex Fiber Market: Sales Value (in Billion US$), 2018-2023
- Figure 3: Global: Spandex Fiber Market Forecast: Sales Value (in Billion US$), 2024-2032
- Figure 4: Global: Spandex Fiber Market: Breakup by Fabric Type (in %), 2023
- Figure 5: Global: Spandex Fiber Market: Breakup by Production Method (in %), 2023
- Figure 6: Global: Spandex Fiber Market: Breakup by Application (in %), 2023
- Figure 7: Global: Spandex Fiber Market: Breakup by Region (in %), 2023
- Figure 8: Global: Spandex Fiber (Two-Way) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 9: Global: Spandex Fiber (Two-Way) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 10: Global: Spandex Fiber (Four-Way) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 11: Global: Spandex Fiber (Four-Way) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 12: Global: Spandex Fiber (Solution Dry Spinning) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 13: Global: Spandex Fiber (Solution Dry Spinning) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 14: Global: Spandex Fiber (Solution Wet Spinning) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 15: Global: Spandex Fiber (Solution Wet Spinning) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 16: Global: Spandex Fiber (Other Production Methods) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 17: Global: Spandex Fiber (Other Production Methods) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 18: Global: Spandex Fiber (Apparel and Clothing) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 19: Global: Spandex Fiber (Apparel and Clothing) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 20: Global: Spandex Fiber (Home Furnishing) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 21: Global: Spandex Fiber (Home Furnishing) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 22: Global: Spandex Fiber (Other Applications) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 23: Global: Spandex Fiber (Other Applications) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 24: North America: Spandex Fiber Market: Sales Value (in Million US$), 2018 & 2023
- Figure 25: North America: Spandex Fiber Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 26: United States: Spandex Fiber Market: Sales Value (in Million US$), 2018 & 2023
- Figure 27: United States: Spandex Fiber Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 28: Canada: Spandex Fiber Market: Sales Value (in Million US$), 2018 & 2023
- Figure 29: Canada: Spandex Fiber Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 30: Asia-Pacific: Spandex Fiber Market: Sales Value (in Million US$), 2018 & 2023
- Figure 31: Asia-Pacific: Spandex Fiber Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 32: China: Spandex Fiber Market: Sales Value (in Million US$), 2018 & 2023
- Figure 33: China: Spandex Fiber Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 34: Japan: Spandex Fiber Market: Sales Value (in Million US$), 2018 & 2023
- Figure 35: Japan: Spandex Fiber Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 36: India: Spandex Fiber Market: Sales Value (in Million US$), 2018 & 2023
- Figure 37: India: Spandex Fiber Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 38: South Korea: Spandex Fiber Market: Sales Value (in Million US$), 2018 & 2023
- Figure 39: South Korea: Spandex Fiber Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 40: Australia: Spandex Fiber Market: Sales Value (in Million US$), 2018 & 2023
- Figure 41: Australia: Spandex Fiber Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 42: Indonesia: Spandex Fiber Market: Sales Value (in Million US$), 2018 & 2023
- Figure 43: Indonesia: Spandex Fiber Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 44: Others: Spandex Fiber Market: Sales Value (in Million US$), 2018 & 2023
- Figure 45: Others: Spandex Fiber Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 46: Europe: Spandex Fiber Market: Sales Value (in Million US$), 2018 & 2023
- Figure 47: Europe: Spandex Fiber Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 48: Germany: Spandex Fiber Market: Sales Value (in Million US$), 2018 & 2023
- Figure 49: Germany: Spandex Fiber Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 50: France: Spandex Fiber Market: Sales Value (in Million US$), 2018 & 2023
- Figure 51: France: Spandex Fiber Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 52: United Kingdom: Spandex Fiber Market: Sales Value (in Million US$), 2018 & 2023
- Figure 53: United Kingdom: Spandex Fiber Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 54: Italy: Spandex Fiber Market: Sales Value (in Million US$), 2018 & 2023
- Figure 55: Italy: Spandex Fiber Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 56: Spain: Spandex Fiber Market: Sales Value (in Million US$), 2018 & 2023
- Figure 57: Spain: Spandex Fiber Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 58: Russia: Spandex Fiber Market: Sales Value (in Million US$), 2018 & 2023
- Figure 59: Russia: Spandex Fiber Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 60: Others: Spandex Fiber Market: Sales Value (in Million US$), 2018 & 2023
- Figure 61: Others: Spandex Fiber Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 62: Latin America: Spandex Fiber Market: Sales Value (in Million US$), 2018 & 2023
- Figure 63: Latin America: Spandex Fiber Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 64: Brazil: Spandex Fiber Market: Sales Value (in Million US$), 2018 & 2023
- Figure 65: Brazil: Spandex Fiber Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 66: Mexico: Spandex Fiber Market: Sales Value (in Million US$), 2018 & 2023
- Figure 67: Mexico: Spandex Fiber Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 68: Others: Spandex Fiber Market: Sales Value (in Million US$), 2018 & 2023
- Figure 69: Others: Spandex Fiber Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 70: Middle East and Africa: Spandex Fiber Market: Sales Value (in Million US$), 2018 & 2023
- Figure 71: Middle East and Africa: Spandex Fiber Market: Breakup by Country (in %), 2023
- Figure 72: Middle East and Africa: Spandex Fiber Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 73: Global: Spandex Fiber Industry: SWOT Analysis
- Figure 74: Global: Spandex Fiber Industry: Value Chain Analysis
- Figure 75: Global: Spandex Fiber Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Spandex Fiber Market: Key Industry Highlights, 2023 and 2032
- Table 2: Global: Spandex Fiber Market Forecast: Breakup by Fabric Type (in Million US$), 2024-2032
- Table 3: Global: Spandex Fiber Market Forecast: Breakup by Production Method (in Million US$), 2024-2032
- Table 4: Global: Spandex Fiber Market Forecast: Breakup by Application (in Million US$), 2024-2032
- Table 5: Global: Spandex Fiber Market Forecast: Breakup by Region (in Million US$), 2024-2032
- Table 6: Global: Spandex Fiber Market: Competitive Structure
- Table 7: Global: Spandex Fiber Market: Key Players
