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Spandex Trends and Forecast
The future of the global spandex market looks promising with opportunities in the clothing and medical markets. The global spandex market is expected to reach an estimated $8.2 billion by 2030 with a CAGR of 2.6% from 2024 to 2030. The major drivers for this market are rapidly increasing population coupled with rising consumer disposable income, growing innovation in spandex fibers development, as well as, growing need for textile industry materials, particularly for athletic and activewear as well as extensive use in medical applications.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Spandex by Segment
The study includes a forecast for the global spandex by technology, application, and region.
Spandex Market by Technology [Shipment Analysis by Value from 2018 to 2030]:
• Solution Dry-Spinning
• Wet-Spinning
• Others
Spandex Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Clothing
• Medical
• Others
Spandex Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Spandex Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies spandex companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the spandex companies profiled in this report include-
• DuPont de Nemours
• Asahi Kasei
• Hyosung
• Zhejiang Huafon Spandex
• Yantai Tayho Advanced Materials
• Indorama Industries
• TK Chemical
• Taekwang Industrial
• Jiangsu Shaungliang Spandex
• Xiamen Lilong Spandex
Spandex Market Insights
Lucintel forecasts that solution dry-spinning is expected to witness the higher growth over the forecast period because it increases the productivity of the product to a great extent as compared to other processes, such as wet spinning and melt spinning.
APAC is expected to witness highest growth over the forecast period due to the industrial sector is expanding quickly in nations like China and India, and international investment is also rising in the area.
Features of the Global Spandex Market
Market Size Estimates: Spandex market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Spandex market size by technology, application, and region in terms of value ($B).
Regional Analysis: Spandex market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different technology, application, and regions for the spandex market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the spandex market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the spandex market size?
Answer: The global spandex market is expected to reach an estimated $8.2 billion by 2030.
Q2. What is the growth forecast for spandex market?
Answer: The global spandex market is expected to grow with a CAGR of 2.6% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the spandex market?
Answer: The major drivers for this market are rapidly increasing population coupled with rising consumer disposable income, growing innovation in spandex fibers development, as well as, growing need for textile industry materials, particularly for athletic and activewear as well as extensive use in medical applications.
Q4. What are the major segments for spandex market?
Answer: The future of the global spandex market looks promising with opportunities in the clothing and medical markets.
Q5. Who are the key spandex market companies?
Answer: Some of the key spandex companies are as follows:
• DuPont de Nemours
• Asahi Kasei
• Hyosung
• Zhejiang Huafon Spandex
• Yantai Tayho Advanced Materials
• Indorama Industries
• TK Chemical
• Taekwang Industrial
• Jiangsu Shaungliang Spandex
• Xiamen Lilong Spandex
Q6. Which spandex market segment will be the largest in future?
Answer: Lucintel forecasts that solution dry-spinning is expected to witness the higher growth over the forecast period because it increases the productivity of the product to a great extent as compared to other processes, such as wet spinning and melt spinning.
Q7. In spandex market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to the industrial sector is expanding quickly in nations like China and India, and international investment is also rising in the area.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the spandex market by technology (solution dry-spinning, wet-spinning, and others), application (clothing, medical, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Spandex Market, Spandex Market Size, Spandex Market Growth, Spandex Market Analysis, Spandex Market Report, Spandex Market Share, Spandex Market Trends, Spandex Market Forecast, Spandex Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Spandex Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Spandex Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Spandex Market by Technology
3.3.1: Solution Dry-Spinning
3.3.2: Wet-Spinning
3.3.3: Others
3.4: Global Spandex Market by Application
3.4.1: Clothing
3.4.2: Medical
3.4.3: Others
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Spandex Market by Region
4.2: North American Spandex Market
4.2.2: North American Spandex Market by Application: Clothing, Medical, and Others
4.3: European Spandex Market
4.3.1: European Spandex Market by Technology: Solution Dry-Spinning, Wet-Spinning, and Others
4.3.2: European Spandex Market by Application: Clothing, Medical, and Others
4.4: APAC Spandex Market
4.4.1: APAC Spandex Market by Technology: Solution Dry-Spinning, Wet-Spinning, and Others
4.4.2: APAC Spandex Market by Application: Clothing, Medical, and Others
4.5: ROW Spandex Market
4.5.1: ROW Spandex Market by Technology: Solution Dry-Spinning, Wet-Spinning, and Others
4.5.2: ROW Spandex Market by Application: Clothing, Medical, and Others
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Spandex Market by Technology
6.1.2: Growth Opportunities for the Global Spandex Market by Application
6.1.3: Growth Opportunities for the Global Spandex Market by Region
6.2: Emerging Trends in the Global Spandex Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Spandex Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Spandex Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: DuPont de Nemours
7.2: Asahi Kasei
7.3: Hyosung
7.4: Zhejiang Huafon Spandex
7.5: Yantai Tayho Advanced Materials
7.6: Indorama Industries
7.7: TK Chemical
7.8: Taekwang Industrial
7.9: Jiangsu Shaungliang Spandex
7.10: Xiamen Lilong Spandex
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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