Spandex Fiber Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

Spandex fiber is also known as lyrca or elastane and is a long-chain polyurethane-polyurea copolymer. It is composed of flexible and rigid macro-glycol segments and di-isocyanate segments. The spandex fiber is characterized by elastic and recovery properties. Spandex fiber is being increasingly used in textile and clothing as well as the healthcare industries.

MARKET DYNAMICS

Spandex fiber is being increasingly used in various industries such as the textile and clothing as well as healthcare industry. The spandex's unique elasticity combined with excellent durability and abrasion resistance makes it a favorable fiber to be used in comfort and activewear. Along with this, it is being used in sportswear, casual clothing, undergarments, and home furnishings. Healthcare applications of spandex fiber include compression stockings & hoses, diapers, and bandages, etc. The increased application of spandex fiber is driving the spandex fiber market.

MARKET SCOPE

The "Global Spandex Fiber Market Analysis to 2031" is a specialized and in-depth study of the chemicals and materials industry with a special focus on global market trend analysis. The report aims to provide an overview of the spandex fiber market with detailed market segmentation by the production process, application, and geography. The global spandex fiber market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading spandex fiber market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The Global Spandex Fiber Market is segmented based on production process and application. Based on the production process, the market is segmented into solution dry spinning and solution wet spinning. Based on application, the market is segmented into apparel and clothing, home furnishing, and others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global spandex fiber market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The spandex fiber market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the spandex fiber market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the spandex fiber market in these regions.

MARKET PLAYERS

The report covers key developments in the spandex fiber market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from spandex fiber market are anticipated to witness lucrative growth opportunities in the future with the rising demand for spandex fiber in the global market. Below mentioned is the list of few companies engaged in the spandex fiber market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the spandex fiber market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   Anand Fabrics
  
•   Eastex Products, Inc
  
•   HYOSUNG TNC
  
•   Indorama Corporation
  
•   Sarweshwar Fashion
  
•   Taekwang Industrial Co. Ltd.
  
•   Textillary Inc.
  
•   TK Chemical Corp
  
•   TORAY INDUSTRIES, INC.
  
•   Yantai Tayho Advanced Materials Co.,Ltd.
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Spandex Fiber Report Scope