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Global Spandex Market Research Report: Forecast (2024-2030)

By Application (Clothing [Sportswear, Activewear, Others], Medical [Compression Garments & Bandages, Elastic Tapes & Wraps, Orthopedic Braces, Others], Home Furnishing [Furniture U......pholstery, Bed Linens, Curtains, Others], Automotive [Seat Covers, Headliners, Others], Others), By Technology (Dry Spinning, Wet Spinning, Reaction Spinning, Melt Extrusion), By Region (North America, South America, Europe, The Middle East & Africa, Asia-Pacific), By Company (Huafon Chemicals Co., Ltd, Hyosung TNC, Asahi Kasei Corporation, Taekwang Industrial Co., Ltd., Sunshining Ecotex Clothes Co., Ltd, Indorama Corporation, Jiangsu Shuangliang Spandex Co., Ltd, TK Chemical Corporation, Xiamen Lilong Spandex Co., Ltd, Yantai Tayho Advanced Material Co., Ltd, New Star Textile Co., Ltd, Positex, The LYCRA Company, Jining Ruyi High-tech Fibre Co., Ltd., Hangzhou Qingyun Advanced Materials Co., Ltd., Others ) Read more

FMCG
Oct 2023
Pages 197
Report Format: PDF, Excel, PPT

Market Definition

Spandex is a synthetic fiber known for its exceptional elasticity and is used in form-fitting consumer apparel, ties, handbags, pillows, bandages, masks, rubber tubing, etc. These fibers are lightweight and offer abrasion resistance, owing to which they are classified as superior to rubber.

Market Insights & Analysis: Global Spandex Market (2024-30):

The Global Spandex Market size is valued at around USD 8.3 billion in 2023 and estimated to grow at a CAGR of around 8.24% during the forecast period, i.e., 2024-30. The factors responsible for the growth of spandex across the globe have been the soaring usage of spandex fiber in the textile industries for manufacturing sportswear, garments, and casual wear, the increasing application of the spandex in the medical & healthcare industry, and rising usage in the automotive interiors, industrial belts, and other applications. The automotive industry highly uses spandex fiber due to its features like higher elasticity, durability, and resistance. This fiber is often blended with other textile materials such as leather, vinyl, Suede, and others to provide a snug fit for seat covers to enhance the overall appearance & comfort of the interior of automotive vehicles.

Report Coverage	Details
Study Period	Historical Data: 2019-22
	Base Year: 2023
	Forecast Period: 2024-30
CAGR (2024-2030)	8.24%
Regions Covered	North America: US, Canada, Mexico
	Europe: Germany, The UK, France, Spain, Italy, Rest of Europe
	Asia-Pacific: China, India, Japan, South Korea, Australia, Southeast Asia, Rest of Asia-Pacific
	South America: Brazil, Argentina, Rest of South America
	Middle East & Africa: UAE, Saudi Arabia, South Africa, Egypt, Rest of MEA
Key Companies Profiled	Huafon Chemicals Co., Ltd, Hyosung TNC, Asahi Kasei Corporation, Taekwang Industrial Co., Ltd., Sunshining Ecotex Clothes Co., Ltd, Indorama Corporation, Jiangsu Shuangliang Spandex Co., Ltd, TK Chemical Corporation, Xiamen Lilong Spandex Co., Ltd, Yantai Tayho Advanced Material Co., Ltd, New Star Textile Co., Ltd, Positex, The LYCRA Company, Jining Ruyi High-tech Fibre Co., Ltd., Hangzhou Qingyun Advanced Materials Co., Ltd., Others
Market Value (2023)	USD 8.3 Billion

Moreover, several automotive manufacturers, including Honda, Volkswagen, etc., have started launching sunroof passenger cars. These convertible roofs & soft tops of automotive passenger vehicles require fibers that provide elasticity and ensure a snug fit, offering resistance to environmental factors like UV radiation & moisture. Thus, these automotive manufacturers are increasingly using spandex fiber to maintain the integrity of the roof material, driving the Global Spandex Market.

In addition, the demand for spandex is rising due to its increasing usage in the formation of medical masks, Orthopedic Braces, Surgical Garments, and other medical & healthcare garments. The growing instances of chronic diseases and the strict guidelines mandating the usage of medical masks to ensure safety in hospitals and medical facilities are augmenting the requirement for cloth face masks, consequently enhancing the Spandex Market size in the future years.

Global Spandex Market Driver

Surging Demand for Spandex Fibers in Medical Textile Industries – Hospitals & medical facilities have high patient traffic. Close patient contact and the presence of immune-compromised patients make these facilities susceptible to higher infection. High-touch surfaces like door knobs, bed rails, medical equipment, etc., are also at high contamination risk. As a result, healthcare workers across the globe tend to use face masks, gloves, etc., for protection from different viruses and bacteria. Medical textiles are manufactured using spandex due to their unique characteristics, including elasticity, comfort, and durability. Therefore, the increasing demand for these textiles to minimize the infection spread within healthcare facilities is driving the Global Spandex Material Market.

Global Spandex Market Research Report (2024-2030) - Table of Contents

Market Segmentation
Introduction
1. Product Definition
2. Research Process
3. Assumptions
Executive Summary
Global Spandex Market Trends & Insights
Global Spandex Market Dynamics
1. Drivers
2. Challenges
Global Spandex Market Supply Chain Analysis
Global Spandex Market Policies & Regulations
Global Spandex Market Hotspot & Opportunities
Global Spandex Market Outlook, 2019-2030F
1. Market Size & Analysis
  1. By Revenues (USD Million)
  2. By Quantity Sold (Thousand Tons)
2. Market Share & Analysis
  1. By Application
    1. Clothing- Market Size & Forecast 2019-2030F, Thousand Tons
      1. Sportswear- Market Size & Forecast 2019-2030F, Thousand Tons
      2. Activewear - Market Size & Forecast 2019-2030F, Thousand Tons
      3. Others (Swimwear, etc.)- Market Size & Forecast 2019-2030F, Thousand Tons
    2. Medical- Market Size & Forecast 2019-2030F, Thousand Tons
      1. Compression Garments & Bandages - Market Size & Forecast 2019-2030F, Thousand Tons
      2. Elastic Tapes & Wraps - Market Size & Forecast 2019-2030F, Thousand Tons
      3. Orthopedic Braces - Market Size & Forecast 2019-2030F, Thousand Tons
      4. Others (Prosthetic Devices, etc.) - Market Size & Forecast 2019-2030F, Thousand Tons
    3. Home Furnishing- Market Size & Forecast 2019-2030F, Thousand Tons
      1. Furniture Upholstery- Market Size & Forecast 2019-2030F, Thousand Tons
      2. Bed Linens- Market Size & Forecast 2019-2030F, Thousand Tons
      3. Curtains- Market Size & Forecast 2019-2030F, Thousand Tons
      4. Others (Rugs, Decorative Fabrics, etc.) - Market Size & Forecast 2019-2030F, Thousand Tons
    4. Automotive- Market Size & Forecast 2019-2030F, Thousand Tons
      1. Seat Covers- Market Size & Forecast 2019-2030F, Thousand Tons
      2. Headliners- Market Size & Forecast 2019-2030F, Thousand Tons
      3. Others- Market Size & Forecast 2019-2030F, Thousand Tons
    5. Others (Personal Care, Sports Equipment, etc.) - Market Size & Forecast 2019-2030F, Thousand Tons
  2. By Technology
    1. Dry Spinning- Market Size & Forecast 2019-2030F, Thousand Tons
    2. Wet Spinning- Market Size & Forecast 2019-2030F, Thousand Tons
    3. Reaction Spinning- Market Size & Forecast 2019-2030F, Thousand Tons
    4. Melt Extrusion- Market Size & Forecast 2019-2030F, Thousand Tons
  3. By Region
    1. North America
    2. South America
    3. Europe
    4. The Middle East & Africa
    5. Asia-Pacific
  4. By Company
    1. Competition Characteristics
    2. Market Share of Leading Companies
North America Spandex Market Outlook, 2019-2030F
1. Market Size & Analysis
  1. By Revenues (USD Million)
  2. By Quantity Sold (Thousand Tons)
2. Market Share & Analysis
  1. By Application- Market Size & Forecast 2019-2030, Thousand Tons
  2. By Technology- Market Size & Forecast 2019-2030, Thousand Tons
  3. By Country
    1. The US
    2. Canada
    3. Mexico
3. The US Spandex Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
    2. By Quantity Sold (Thousand Tons)
  2. Market Share & Analysis
    1. By Application- Market Size & Forecast 2019-2030, Thousand Tons
    2. By Technology- Market Size & Forecast 2019-2030, Thousand Tons
4. Canada Spandex Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
    2. By Quantity Sold (Thousand Tons)
  2. Market Share & Analysis
    1. By Application- Market Size & Forecast 2019-2030, Thousand Tons
    2. By Technology- Market Size & Forecast 2019-2030, Thousand Tons
5. Mexico Spandex Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
    2. By Quantity Sold (Thousand Tons)
  2. Market Share & Analysis
    1. By Application- Market Size & Forecast 2019-2030, Thousand Tons
    2. By Technology- Market Size & Forecast 2019-2030, Thousand Tons
South America Spandex Market Outlook, 2019-2030F
1. Market Size & Analysis
  1. By Revenues (USD Million)
  2. By Quantity Sold (Thousand Tons)
2. Market Share & Analysis
  1. By Application- Market Size & Forecast 2019-2030, Thousand Tons
  2. By Technology - Market Size & Forecast 2019-2030, Thousand Tons
  3. By Country
    1. Brazil
    2. Argentina
    3. Rest of South America
3. Brazil Spandex Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
    2. By Quantity Sold (Thousand Tons)
  2. Market Share & Analysis
    1. By Application- Market Size & Forecast 2019-2030, Thousand Tons
    2. By Technology- Market Size & Forecast 2019-2030, Thousand Tons
4. Argentina Spandex Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
    2. By Quantity Sold (Thousand Tons)
  2. Market Share & Analysis
    1. By Application- Market Size & Forecast 2019-2030, Thousand Tons
    2. By Technology- Market Size & Forecast 2019-2030, Thousand Tons
Europe Spandex Market Outlook, 2019-2030F
1. Market Size & Analysis
  1. By Revenues (USD Million)
  2. By Quantity Sold (Thousand Tons)
2. Market Share & Analysis
  1. By Application- Market Size & Forecast 2019-2030, Thousand Tons
  2. By Technology- Market Size & Forecast 2019-2030, Thousand Tons
  3. By Country
    1. The UK
    2. Germany
    3. France
    4. Italy
    5. Spain
    6. Rest of Europe
3. The UK Spandex Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
    2. By Quantity Sold (Thousand Tons)
  2. Market Share & Analysis
    1. By Application- Market Size & Forecast 2019-2030, Thousand Tons
    2. By Technology- Market Size & Forecast 2019-2030, Thousand Tons
4. Germany Spandex Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
    2. By Quantity Sold (Thousand Tons)
  2. Market Share & Analysis
    1. By Application- Market Size & Forecast 2019-2030, Thousand Tons
    2. By Technology- Market Size & Forecast 2019-2030, Thousand Tons
5. France Spandex Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
    2. By Quantity Sold (Thousand Tons)
  2. Market Share & Analysis
    1. By Application- Market Size & Forecast 2019-2030, Thousand Tons
    2. By Technology- Market Size & Forecast 2019-2030, Thousand Tons
6. Italy Spandex Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
    2. By Quantity Sold (Thousand Tons)
  2. Market Share & Analysis
    1. By Application- Market Size & Forecast 2019-2030, Thousand Tons
    2. By Technology- Market Size & Forecast 2019-2030, Thousand Tons
7. Spain Spandex Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
    2. By Quantity Sold (Thousand Tons)
  2. Market Share & Analysis
    1. By Application - Market Size & Forecast 2019-2030, Thousand Tons
    2. By Technology - Market Size & Forecast 2019-2030, Thousand Tons
The Middle East & Africa Spandex Market Outlook, 2019-2030F
1. Market Size & Analysis
  1. By Revenues (USD Million)
  2. By Quantity Sold (Thousand Tons)
2. Market Share & Analysis
  1. By Application- Market Size & Forecast 2019-2030, Thousand Tons
  2. By Technology- Market Size & Forecast 2019-2030, Thousand Tons
  3. By Country
    1. The UAE
    2. Saudi Arabia
    3. South Africa
    4. Egypt
    5. Rest of the Middle East & Africa
3. The UAE Spandex Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
    2. By Quantity Sold (Thousand Tons)
  2. Market Share & Analysis
    1. By Application- Market Size & Forecast 2019-2030, Thousand Tons
    2. By Technology- Market Size & Forecast 2019-2030, Thousand Tons
4. Saudi Arabia Spandex Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
    2. By Quantity Sold (Thousand Tons)
  2. Market Share & Analysis
    1. By Application- Market Size & Forecast 2019-2030, Thousand Tons
    2. By Technology- Market Size & Forecast 2019-2030, Thousand Tons
5. South Africa Spandex Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
    2. By Quantity Sold (Thousand Tons)
  2. Market Share & Analysis
    1. By Application- Market Size & Forecast 2019-2030, Thousand Tons
    2. By Technology- Market Size & Forecast 2019-2030, Thousand Tons
6. Egypt Spandex Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
    2. By Quantity Sold (Thousand Tons)
  2. Market Share & Analysis
    1. By Application- Market Size & Forecast 2019-2030, Thousand Tons
    2. By Technology- Market Size & Forecast 2019-2030, Thousand Tons
Asia-Pacific Spandex Market Outlook, 2019-2030F
1. Market Size & Analysis
  1. By Revenues (USD Million)
  2. By Quantity Sold (Thousand Tons)
2. Market Share & Analysis
  1. By Application- Market Size & Forecast 2019-2030, Thousand Tons
  2. By Technology- Market Size & Forecast 2019-2030, Thousand Tons
  3. By Country
    1. China
    2. Japan
    3. India
    4. South Korea
    5. Australia
    6. Southeast Asia
    7. Rest of Asia-Pacific
3. China Spandex Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
    2. By Quantity Sold (Thousand Tons)
  2. Market Share & Analysis
    1. By Application- Market Size & Forecast 2019-2030, Thousand Tons
    2. By Technology- Market Size & Forecast 2019-2030, Thousand Tons
4. Japan Spandex Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
    2. By Quantity Sold (Thousand Tons)
  2. Market Share & Analysis
    1. By Application- Market Size & Forecast 2019-2030, Thousand Tons
    2. By Technology- Market Size & Forecast 2019-2030, Thousand Tons
5. India Spandex Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
    2. By Quantity Sold (Thousand Tons)
  2. Market Share & Analysis
    1. By Application- Market Size & Forecast 2019-2030, Thousand Tons
    2. By Technology- Market Size & Forecast 2019-2030, Thousand Tons
6. South Korea Spandex Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
    2. By Quantity Sold (Thousand Tons)
  2. Market Share & Analysis
    1. By Application- Market Size & Forecast 2019-2030, Thousand Tons
    2. By Technology- Market Size & Forecast 2019-2030, Thousand Tons
7. Australia Spandex Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
    2. By Quantity Sold (Thousand Tons)
  2. Market Share & Analysis
    1. By Application- Market Size & Forecast 2019-2030, Thousand Tons
    2. By Technology- Market Size & Forecast 2019-2030, Thousand Tons
Global Spandex Market Strategic Imperatives for Success & Growth
Competitive Outlook
1. Company Profiles
  1. Huafon Chemicals Co., Ltd
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  2. Hyosung TNC
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  3. Asahi Kasei Corporation
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  4. Taekwang Industrial Co., Ltd.
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  5. Sunshining Ecotex Clothes Co., Ltd.
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  6. Indorama Corporation
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  7. Jiangsu Shuangliang Spandex Co., Ltd.
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  8. TK Chemical Corporation
    1. Product Portfolio
    2. Strategic Alliances or Partnerships
    3. Recent Developments
    4. Financial Details
    5. Others
  9. Xiamen Lilong Spandex Co., Ltd.
    1. Product Portfolio
    2. Strategic Alliances or Partnerships
    3. Recent Developments
    4. Financial Details
    5. Others
  10. Yantai Tayho Advanced Material Co., Ltd.
    1. Product Portfolio
    2. Strategic Alliances or Partnerships
    3. Recent Developments
    4. Financial Details
    5. Others
  11. New Star Textile Co., Ltd
    1. Product Portfolio
    2. Strategic Alliances or Partnerships
    3. Recent Developments
    4. Financial Details
    5. Others
  12. Positex
    1. Product Portfolio
    2. Strategic Alliances or Partnerships
    3. Recent Developments
    4. Financial Details
    5. Others
  13. The LYCRA Company
    1. Product Portfolio
    2. Strategic Alliances or Partnerships
    3. Recent Developments
    4. Financial Details
    5. Others
  14. Jining Ruyi High-tech Fibre Co., Ltd.
    1. Product Portfolio
    2. Strategic Alliances or Partnerships
    3. Recent Developments
    4. Financial Details
    5. Others
  15. Hangzhou Qingyun Advanced Materials Co., Ltd.
    1. Product Portfolio
    2. Strategic Alliances or Partnerships
    3. Recent Developments
    4. Financial Details
    5. Others
  16. Others (Colossustex)
Disclaimer

MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:

1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.

2. Sample Selection and Data Collection In this stage, the firm identifies the target audience and determines the appropriate sample size to ensure representativeness. They employ various sampling methods, such as random or stratified sampling, based on the research objectives. Data collection is carried out using tools like surveys, interviews, and observations, ensuring the gathered data is reliable and relevant.

3. Data Analysis and Validation Once data is collected, MarkNtel Advisors undertake a rigorous analysis process. This includes cleaning the data to remove inconsistencies, employing statistical software for quantitative analysis, and thematic analysis for qualitative data. Validation steps are taken to ensure the accuracy and reliability of the findings, minimizing biases and errors.

4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making

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