IMARC Group’s report titled “Spandex Fiber Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, The global spandex fiber market size reached US$ 7.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 10.7 Billion by 2028, exhibiting a growth rate (CAGR) of 5.2% during 2023-2028.

Spandex fiber, also known as elastane, represents a man-made fiber that is smooth, lightweight, and possesses unique elasticity. It is abrasion-resistant and demonstrates negligible damage from needle cutting when stitched as compared to other elastic materials. Spandex fiber is dyeable and has an excellent graze than other flexible fabrics. In addition to this, it offers various advantages, such as resistance against body oils, perspiration, lotions, and detergents, durability, no static and pilling problems, etc. As a result, spandex fiber is extensively utilized in the manufacturing of aerobic, athletic, and exercise apparel, swim and bathing suits, ski pants, slacks, hosiery, socks, belts, brassiere straps and bra side panels, surgical hose, bicycle pants, shaped garments, etc.

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Spandex Fiber Market Trends and Drivers:

The escalating demand for quick dry and comfortable fabrics for activewear and the rising product usage in producing swimming and cycling garments across the globe are among the primary factors driving the spandex fiber market. Besides this, the inflating need for this material in the healthcare industry to manufacture pressure diapers, compression stockings, surgical hoses, bandages, etc., is further augmenting the market growth. Moreover, the growing popularity of spandex fiber in the automotive sector to produce door panel fabrics, on account of its elasticity, resistance to ultraviolet light, durability, etc., is catalyzing the global market. Apart from this, it is also used in the textile industry for tailoring athletic, aerobic, and exercise apparel and casual wear. Furthermore, leading manufacturers are focusing on enhancing the quality of the fabric, owing to the changing fashion trends, which is anticipated to propel the spandex fiber market over the forecasted period.

Report Segmentation:

The report has segmented the market into the following categories:

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

Market 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 with Key Player:

  • Asahi Kasei Corporation
  • 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.
  • Yantai Tayho Advanced Materials Co. Ltd.

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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