Spandex Market Overview
As per recent research by MarkNtel Advisors, 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.
Spandex Market Dynamics
Market Drivers : 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.
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Spandex Market Segmentation Overview 2024-2030: Key Factors
By Application
-Clothing- Market Size & Forecast 2019-2030F, Thousand Tons
-Sportswear- Market Size & Forecast 2019-2030F, Thousand Tons
-Activewear – Market Size & Forecast 2019-2030F, Thousand Tons
-Others (Swimwear, etc.)- Market Size & Forecast 2019-2030F, Thousand Tons
-Medical- Market Size & Forecast 2019-2030F, Thousand Tons
-Compression Garments & Bandages – Market Size & Forecast 2019-2030F, Thousand Tons
-Elastic Tapes & Wraps – Market Size & Forecast 2019-2030F, Thousand Tons
-Orthopedic Braces – Market Size & Forecast 2019-2030F, Thousand Tons
-Others (Prosthetic Devices, etc.) – Market Size & Forecast 2019-2030F, Thousand Tons
-Home Furnishing- Market Size & Forecast 2019-2030F, Thousand Tons
-Furniture Upholstery- Market Size & Forecast 2019-2030F, Thousand Tons
-Bed Linens- Market Size & Forecast 2019-2030F, Thousand Tons
-Curtains- Market Size & Forecast 2019-2030F, Thousand Tons
-Others (Rugs, Decorative Fabrics, etc.) – Market Size & Forecast 2019-2030F, Thousand Tons
-Automotive- Market Size & Forecast 2019-2030F, Thousand Tons
-Seat Covers- Market Size & Forecast 2019-2030F, Thousand Tons
-Headliners- Market Size & Forecast 2019-2030F, Thousand Tons
-Others- Market Size & Forecast 2019-2030F, Thousand Tons
-Others (Personal Care, Sports Equipment, etc.) – Market Size & Forecast 2019-2030F, Thousand Tons
By Technology
-Dry Spinning- Market Size & Forecast 2019-2030F, Thousand Tons
-Wet Spinning- Market Size & Forecast 2019-2030F, Thousand Tons
-Reaction Spinning- Market Size & Forecast 2019-2030F, Thousand Tons
-Melt Extrusion- Market Size & Forecast 2019-2030F, Thousand Tons
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Spandex Market Geographical Insights:
By Region:
-North America
-South America
-Europe
-The Middle East & Africa
-Asia-Pacific
Key Players and Competitive Strategies in the Spandex Market
Several prominent players dominate the Spandex Market, including:
- 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
- Others
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Questions Addressed in this Study
1.How big is the Spandex Market Size?
2.What is the Spandex Market Growth?
3.Who are the key players of the Spandex Market?
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