Spandex Market Industry Analysis and Opportunity and Forecast To 2029
Description
The fiber
is characterized by its exceptional elastic and recovery properties. These
characteristics entail its wide-scale use across diverse applications in
textile, clothing, and healthcare industries. Some prominent areas of
application for spandex fibers include sportswear, casual clothing,
undergarments, and home furnishings. Healthcare applications of spandex fiber
include compression stockings, hoses, diapers, and bandages.The spandex
market is expected to gain market growth in the forecast period of
2022 to 2029. Data Bridge Market Research analyses that the market is growing
at a CAGR of 5.9% in the forecast period
of 2022 to 2029 and is expected to reach USD 8,642,865.12 thousand by 2029.
Spandex
fiber, also known as Lycra or elastane, is a long-chain polyurethane-polyurea
copolymer composed of flexible macro-glycol segments and rigid di-isocyanate
segments arranged in a specific order.
Market Analysis and Insights: Spandex Market
To
understand the analysis and the market scenario, contact us for an Analyst
Brief; our team will help you create a revenue impact solution to achieve your
desired goal. The major restrain that may negatively impact the spandex market
is the increasing threat of substitutes such as natural rubber latex (NRL),
polybutylene terephthalate (PBT), and relatively slower economic growth in
certain regions.This global spandex market report provides details of market
share, new developments, and product pipeline analysis, the impact of domestic
and localized market players, analyses opportunities in terms of emerging
revenue pockets, changes in market regulations, product approvals, strategic
decisions, product launches, geographic expansions, and technological
innovations in the market.
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Spandex Market Scope and
Market Size
This business report introduces the
basics of industry such as market definitions, classifications, applications
and industry chain overview, after which it covers industry policies and plans,
product specifications, manufacturing processes, cost structures and so on. Increasing
development of innovation in spandex fibers is expected to provide opportunity
in the global spandex market. However, high price volatility in raw
petroleum-based materials is projected to challenge the global spandex market
growth.The report studies various inhibitors as well
as motivators of the market in both quantitative and qualitative manner so that
users can have perfect information. The base year for calculation in this
market document is considered as 2020 while the historic year is 2019 which
will tell how the SPANDEX market is
going to perform in the forecast years.
· Based on technology, the spandex market is segmented into solution
dry-spinning, wet-spinning, and others. In 2022, the solution dry-spinning is
expected to dominate the spandex market due to the high spinning speed and greater
ease and flexibility in implementing the dry spinning process.
· Based on application, the spandex market is segmented into clothing,
medical, and others. In 2022, the clothing segment is expected to dominate the
spandex market due to increasing demand in different applications such as
sportswear, activewear, intimate wear, and others.
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Major TOC of the Asia Pacific
Aesthetic services MarketReport
Chapter One:
MARKET SEGEMENTATION
EXECUTIVE SUMMARY
PREMIUM INSIGHTS
MARKET OVERVIEW
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Spandex Market Country Level Analysis
Data
points such as new sales, replacement sales, country demographics, regulatory
acts, and import-export tariffs are some of the major pointers used to forecast
the market scenario for individual countries. Also, the presence and
availability of brands and their challenges faced due to large or scarce
competition from local and domestic brands the impact of sales channels are
considered while providing forecast analysis of the country data.
The countries covered in the spandex market report
are
A rapidly growing population combined with rising
consumer disposable income is expected to propel the demand for sports and
activewear, leading to the growth of the global spandex market. North
America, South America, Asia-Pacific, Europe, and the Middle East and Africa.
North America is segmented into U.S., Canada, and Mexico. Europe is segmented
into Germany, the U.K., Italy, France, Spain, Russia, Switzerland, Turkey,
Belgium, Netherlands, Luxemburg, and the Rest of Europe. Asia-Pacific is
segmented into Japan, China, South Korea, India, Singapore, Thailand,
Indonesia, Malaysia, Philippines, Australia, New Zealand, and the Rest of
Asia-Pacific. South America is segmented into Brazil, Argentina, and the Rest
of South America. The Middle East and Africa is segmented into South Africa,
Egypt, Saudi Arabia, United Arab Emirates, Israel, and the Rest of the Middle
East and Africa.
Competitive Landscape and Spandex Market Share Analysis
The
above data points provided are only related to the company’s focus related to
the spandex market. Details included are company overview, company financials,
revenue generated, market potential, investment in research and development,
new market initiatives, presence, production sites and facilities, company
strengths and weaknesses, product launch, clinical trials pipelines,
brand analysis, product approvals, patents, product width and breadth,
application dominance, technology lifeline curve.
Some major players covered in the report are
·
Huafon Chemical Co., Ltd.,
·
HYOSUNG TNC.,
·
Asahi Kasei Corporation,
·
TAEKWANG INDUSTRIAL CO., LTD,
·
Xinxiang Sunshining Ecotex Clothes Co.,Ltd,
·
Indorama Corporation,
·
Mitsubishi Chemical Engineering Corporation.,
·
TORAY INDUSTRIES, INC.,
·
Yantai Tayho Advanced Materials Co., Ltd,
·
Xiamen Lilong Spandex Co., Ltd.,
·
Jiangsu Shuangliang Spandex Co., Ltd,
·
and TK CHEMICAL CORPORATION., among others.
·
DBMR analysts understand competitive strengths and
provide competitive analysis for each competitor separately.
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