Global Spandex Market - Industry Structure And Landscape Development

CoherentMarketInsightsPvtLtd

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.

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GLOBAL

SPANDEX

MARKET

Market Size (2019)

US$ 7,150.4 Mn

CAGR (2020-2027)

10.3%

SEGMENTATION (SCOPE)

By Application

Clothing

Sportswear

Home Furnishing

Underwear

Others Casuals

Medical

Diaper

Compression Stockings

& Hoses

Other Medical

By Fabric Type

By Fabric Type

Two-Way

Four-Way

By Process

Knitting

Weaving

Yarn Covering

MAJOR DRIVERS

The growing demand for textiles around the globe is propelling

the market growth of spandex.

The increasing use of spandex in sportswear is projected to offer

profitable market opportunities

PROMINENT REGIONS

NORTH AMERICA

Market Size (2019)

US$ 236.9 Mn

ASIA PACIFIC

Market Size (2019)

US$ 5,515.2 Mn

CAGR (2020-2027)

5.1%

CAGR (2020-2027)

11%

MAJOR DRIVER

Expanding residential construction sector in North

America

MAJOR DRIVER

Rapid expansion of the manufacturing industry in

the developing economies

MAJOR PLAYERS

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.

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