DUBLIN–(BUSINESS WIRE)–The “Spandex Fiber Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” report has been added to from ResearchAndMarkets.com offer.
The global spandex fiber market reached a value of US$7.44 billion in 2021. Looking ahead, the editor expects the market to reach a value of US$10.55 billion. by 2027, growing at a CAGR of 5.70% in 2022-2027.
Asahi Kasei Society
Huafon Chemical Co.Ltd.
Invista (Koch Industries Inc.)
Mitsubishi Chemical Corporation
Taekwang Industrial Co.Ltd
TK Chemical Corporation
Toray Industries Inc.
Xiamen Lilong Spandex Co.Ltd.
Yantai Tayho Advanced Materials Co. Ltd.
Keeping in mind the uncertainties of COVID-19, we continuously monitor and assess the direct and indirect influence of the pandemic. This information is included in the report as a major market contributor.
Spandex fiber, also known as elastane, is a synthetic fiber that is lightweight, smooth and has unique elasticity. It is abrasion resistant and has negligible damage from needle cutting when sewn compared to other elastic materials. In addition, it offers several advantages, including durability; resistance to body oils, perspiration, lotions and detergents; and no static and pilling issues. As a result, it is widely used in the manufacture of sportswear, aerobics, exercise, swimwear and bathing suits, bra straps and bra side panels, pants skis, pants, hosiery, socks, belts, surgical hoses, bike pants, foundation, and fashioned garments.
One of the major factors driving the market is the growing use of spandex fiber in swimming and cycling apparel across the globe. Additionally, governments in several countries are working to encourage students to participate in sports. This coupled with the growing demand for quick-drying and comfortable fabrics for sportswear is propelling the growth of the market. Additionally, there is an increase in the use of spandex fiber in the healthcare industry to manufacture pressure diapers, compression stockings, surgical hoses and bandages across the world.
This, coupled with the increasing use of spandex fiber in the automotive industry to manufacture door panel fabrics, is positively influencing the market. Additionally, the growing demand for textiles around the world provides lucrative growth opportunities for investors and end users.
Additionally, major market players are focusing on capacity and business expansion, partnerships, and mergers and acquisitions (M&A) to expand their customer base. These players are also investing heavily in research and development (R&D) activities to improve product quality, which is expected to increase their overall sales and profitability.
Answers to key questions in this report:
How has the global spandex fiber market behaved so far and how will it behave in the coming years?
What has been the impact of COVID-19 on the global spandex fiber market?
What are the main regional markets?
What is the market breakdown by fabric type?
What is the distribution of the market according to the mode of production?
What is the market breakdown by application?
What are the different stages of the industry value chain?
What are the key drivers and challenges in the industry?
What is the structure of the global spandex fiber market and who are the major players?
How competitive is the industry?
Main topics covered:
2 Scope and methodology
3 Executive summary
4.2 Key Industry Trends
5 Global Spandex Fiber Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakdown by Fabric Type
7 Market Breakdown by Production Method
8 Market Breakdown by Application
9 Market Breakdown by Region
10 SWOT Analysis
11 Value chain analysis
12 Analysis of the five forces of carriers
13 Price Analysis
14 Competitive Landscape
14.1 Market structure
14.2 Key Players
14.3 Profiles of Key Players
For more information on this report, visit https://www.researchandmarkets.com/r/oxrq8e