Global Spandex Market - Industry Structure And Landscape Development
Increasing penetration of spandex clothing & apparel market across the developing region is projected to propel the market growth. According to the Coherent Market Insights analysis, Spandex clothing & apparel market has been dominated by developed regions such as North America and Europe, together accounting for a major chunk in the global spandex clothing & apparel market share. However, the market is experiencing steady growth from the developing regions due to changing lifestyle, growing affluence, and preferences among the people in these regions. Get More Insights (at) https://www.coherentmarketinsights.com/market-insight/spandex-market-311
Increasing penetration of spandex clothing & apparel market across the developing region is projected to propel the market growth. According to the Coherent Market Insights analysis, Spandex clothing & apparel market has been dominated by developed regions such as North America and Europe, together accounting for a major chunk in the global spandex clothing & apparel market share. However, the market is experiencing steady growth from the developing regions due to changing lifestyle, growing affluence, and preferences among the people in these regions.
Get More Insights (at) https://www.coherentmarketinsights.com/market-insight/spandex-market-311
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GLOBAL<br />
SPANDEX<br />
MARKET<br />
<strong>Market</strong> Size (2019)<br />
US$ 7,150.4 Mn<br />
CAGR (2020-2027)<br />
10.3%<br />
SEGMENTATION (SCOPE)<br />
By Application<br />
Clothing<br />
Sportswear<br />
Home Furnishing<br />
Underwear<br />
Others Casuals<br />
Medical<br />
Diaper<br />
Compression Stockings<br />
& Hoses<br />
Other Medical<br />
By Fabric Type<br />
By Fabric Type<br />
Two-Way<br />
Four-Way<br />
By Process<br />
Knitting<br />
Weaving<br />
Yarn Covering<br />
MAJOR DRIVERS<br />
The growing demand for textiles around the globe is propelling<br />
the market growth of spandex.<br />
The increasing use of spandex in sportswear is projected to offer<br />
profitable market opportunities<br />
PROMINENT REGIONS<br />
NORTH AMERICA<br />
<strong>Market</strong> Size (2019)<br />
US$ 236.9 Mn<br />
ASIA PACIFIC<br />
<strong>Market</strong> Size (2019)<br />
US$ 5,515.2 Mn<br />
CAGR (2020-2027)<br />
5.1%<br />
CAGR (2020-2027)<br />
11%<br />
MAJOR DRIVER<br />
Expanding residential construction sector in North<br />
America<br />
MAJOR DRIVER<br />
Rapid expansion of the manufacturing industry in<br />
the developing economies<br />
MAJOR PLAYERS<br />
INVISTA<br />
Asahi Kasei Corporation<br />
Hyosung Corporation<br />
Zhejiang Huafon <strong>Spandex</strong> Co. Ltd.<br />
Yantai Tayho Advanced Materials Co. Ltd.<br />
Indorama Industries Ltd<br />
TK Chemical Corp.<br />
Taekwang Industrial Co., Ltd<br />
Jiangsu Shaungliang <strong>Spandex</strong> Co., Ltd.<br />
Xiamen Lilong <strong>Spandex</strong> Co. Ltd.<br />
Coherent <strong>Market</strong> Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients<br />
achieve transformational growth by helping them make Critical business decisions. We are headquartered in India, having office al<br />
global financial capital in the U.S. Our client base includes players from across all business verticals in over 150 countries worldwide. We<br />
are uniquely positioned to help businesses around the globe deliver practical and lasting results through various recommendations<br />
about operational improvements, technologies, emerging market trends and new working methods. We offer both customized and<br />
syndicated market research reports that help our clients create visionary growth plans to provide traction to their business.
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