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Spandex Fiber Market Report by Fabric Type, Production Method, Application, and Region 2024-2032

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    Report

  • 136 Pages
  • April 2024
  • Region: Global
  • IMARC Group
  • ID: 5769245
Description Jump to:
The global spandex fiber market size reached US$ 8.2 Billion in 2023. Looking forward, the market is projected to reach US$ 12.5 Billion by 2032, exhibiting a growth rate (CAGR) of 4.80% during 2023-2032.

Spandex fiber, also known as elastane, is a man-made fiber that is lightweight, smooth and possesses unique elasticity. It is abrasion-resistant and demonstrates negligible damage from needle cutting when stitched as compared to other elastic materials. In addition, it offers several advantages, including durability; resistance against body oils, perspiration, lotions, and detergents; and no static and pilling problems. As a result, it is widely used in the manufacturing of athletic, aerobic, exercise apparel, swim and bathing suits, brassiere straps and bra side panels, ski pants, slacks, hosiery, socks, belts, surgical hose, bicycle pants, foundation, and shaped garments.

Spandex Fiber Market Trends

The growing utilization of spandex fiber in swimming and cycling garments worldwide represent one of the key factors driving the market. Moreover, governments of several countries are focusing on encouraging students to participate in sports. This, along with the rising demand for rapid dry and comfortable fabrics for activewear, is propelling the growth of the market. In addition, there is a rise in the utilization of spandex fiber in the healthcare industry to manufacture pressure diapers, compression stockings, surgical hoses, and bandages across the globe. This, coupled with the increasing employment of spandex fiber in the automotive industry to make door panel fabrics, is positively influencing the market.

Besides this, the escalating demand for textiles around the world is offering lucrative growth opportunities to investors and end-users. Furthermore, key market players are focusing on the capacity and business expansions, partnerships, and mergers and acquisitions (M&A) to expand their customer base. These players are also extensively investing in research and development (R&D) activities to enhance product quality, which is projected to augment their overall sales and profitability.

Key Market Segmentation

This report provides an analysis of the key trends in each sub-segment of the global spandex fiber market report, along with forecasts at the global, regional and country level from 2024-2032. The report has categorized the market based on fabric type, production method and application.

Breakup by Fabric Type:

  • Two-Way
  • Four-Way

Breakup by Production Method:

  • Solution Dry Spinning
  • Solution Wet Spinning
  • Others

Breakup by Application:

  • Apparel and Clothing
  • Sportswear
  • Casual Wear
  • Inner Wear
  • Medical and Healthcare
  • Others
  • Home Furnishing
  • Others

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa

Competitive Landscape

The competitive landscape of the industry has also been examined along with the profiles of the key players being Asahi Kasei Corporation, BASF SE, Huafon Chemical Co. Ltd., Hyosung Corporation, Indorama Corporation, Invista (Koch Industries Inc.), Mitsubishi Chemical Corporation, Taekwang Industrial Co.Ltd, Teijin Limited, TK Chemical Corporation, Toray Industries Inc., Xiamen Lilong Spandex Co. Ltd. and Yantai Tayho Advanced Materials Co. Ltd.

Key Questions Answered in This Report

1. What was the size of the global spandex fiber market in 2023?
2. What is the expected growth rate of the global spandex fiber market during 2024-2032?
3. What are the key factors driving the global spandex fiber market?
4. What has been the impact of COVID-19 on the global spandex fiber market?
5. What is the breakup of the global spandex fiber market based on the production method?
6. What is the breakup of the global spandex fiber market based on the application?
7. What are the key regions in the global spandex fiber market?
8. Who are the key players/companies in the global spandex fiber market?

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
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 Breakup by Fabric Type
6.1 Two-Way
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Four-Way
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Production Method
7.1 Solution Dry Spinning
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Solution Wet Spinning
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Others
7.3.1 Market Trends
7.3.2 Market Forecast
8 Market Breakup by Application
8.1 Apparel and Clothing
8.1.1 Market Trends
8.1.2 Key Segments
8.1.2.1 Sportswear
8.1.2.2 Casual Wear
8.1.2.3 Inner Wear
8.1.2.4 Medical and Healthcare
8.1.2.5 Others
8.1.3 Market Forecast
8.2 Home Furnishing
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Others
8.3.1 Market Trends
8.3.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Asahi Kasei Corporation
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.1.3 Financials
14.3.1.4 SWOT Analysis
14.3.2 BASF SE
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.2.3 Financials
14.3.2.4 SWOT Analysis
14.3.3 Huafon Chemical Co. Ltd.
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.3.3 Financials
14.3.4 Hyosung Corporation
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.4.3 Financials
14.3.4.4 SWOT Analysis
14.3.5 Indorama Corporation
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.6 Invista (Koch Industries Inc.)
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.7 Mitsubishi Chemical Corporation
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.7.3 Financials
14.3.7.4 SWOT Analysis
14.3.8 Taekwang Industrial Co.Ltd
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.8.3 Financials
14.3.9 Teijin Limited
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.9.3 Financials
14.3.9.4 SWOT Analysis
14.3.10 TK Chemical Corporation
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.10.3 Financials
14.3.11 Toray Industries Inc.
14.3.11.1 Company Overview
14.3.11.2 Product Portfolio
14.3.11.3 Financials
14.3.11.4 SWOT Analysis
14.3.12 Xiamen Lilong Spandex Co. Ltd.
14.3.12.1 Company Overview
14.3.12.2 Product Portfolio
14.3.13 Yantai Tayho Advanced Materials Co. Ltd.
14.3.13.1 Company Overview
14.3.13.2 Product Portfolio
List of Figures
Figure 1: Global: Spandex Fiber Market: Major Drivers and Challenges
Figure 2: Global: Spandex Fiber Market: Sales Value (in Billion US$), 2018-2023
Figure 3: Global: Spandex Fiber Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 4: Global: Spandex Fiber Market: Breakup by Fabric Type (in %), 2023
Figure 5: Global: Spandex Fiber Market: Breakup by Production Method (in %), 2023
Figure 6: Global: Spandex Fiber Market: Breakup by Application (in %), 2023
Figure 7: Global: Spandex Fiber Market: Breakup by Region (in %), 2023
Figure 8: Global: Spandex Fiber (Two-Way) Market: Sales Value (in Million US$), 2018 & 2023
Figure 9: Global: Spandex Fiber (Two-Way) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 10: Global: Spandex Fiber (Four-Way) Market: Sales Value (in Million US$), 2018 & 2023
Figure 11: Global: Spandex Fiber (Four-Way) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 12: Global: Spandex Fiber (Solution Dry Spinning) Market: Sales Value (in Million US$), 2018 & 2023
Figure 13: Global: Spandex Fiber (Solution Dry Spinning) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 14: Global: Spandex Fiber (Solution Wet Spinning) Market: Sales Value (in Million US$), 2018 & 2023
Figure 15: Global: Spandex Fiber (Solution Wet Spinning) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 16: Global: Spandex Fiber (Other Production Methods) Market: Sales Value (in Million US$), 2018 & 2023
Figure 17: Global: Spandex Fiber (Other Production Methods) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 18: Global: Spandex Fiber (Apparel and Clothing) Market: Sales Value (in Million US$), 2018 & 2023
Figure 19: Global: Spandex Fiber (Apparel and Clothing) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 20: Global: Spandex Fiber (Home Furnishing) Market: Sales Value (in Million US$), 2018 & 2023
Figure 21: Global: Spandex Fiber (Home Furnishing) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 22: Global: Spandex Fiber (Other Applications) Market: Sales Value (in Million US$), 2018 & 2023
Figure 23: Global: Spandex Fiber (Other Applications) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 24: North America: Spandex Fiber Market: Sales Value (in Million US$), 2018 & 2023
Figure 25: North America: Spandex Fiber Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 26: United States: Spandex Fiber Market: Sales Value (in Million US$), 2018 & 2023
Figure 27: United States: Spandex Fiber Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 28: Canada: Spandex Fiber Market: Sales Value (in Million US$), 2018 & 2023
Figure 29: Canada: Spandex Fiber Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 30: Asia-Pacific: Spandex Fiber Market: Sales Value (in Million US$), 2018 & 2023
Figure 31: Asia-Pacific: Spandex Fiber Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 32: China: Spandex Fiber Market: Sales Value (in Million US$), 2018 & 2023
Figure 33: China: Spandex Fiber Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 34: Japan: Spandex Fiber Market: Sales Value (in Million US$), 2018 & 2023
Figure 35: Japan: Spandex Fiber Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 36: India: Spandex Fiber Market: Sales Value (in Million US$), 2018 & 2023
Figure 37: India: Spandex Fiber Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 38: South Korea: Spandex Fiber Market: Sales Value (in Million US$), 2018 & 2023
Figure 39: South Korea: Spandex Fiber Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 40: Australia: Spandex Fiber Market: Sales Value (in Million US$), 2018 & 2023
Figure 41: Australia: Spandex Fiber Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 42: Indonesia: Spandex Fiber Market: Sales Value (in Million US$), 2018 & 2023
Figure 43: Indonesia: Spandex Fiber Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 44: Others: Spandex Fiber Market: Sales Value (in Million US$), 2018 & 2023
Figure 45: Others: Spandex Fiber Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 46: Europe: Spandex Fiber Market: Sales Value (in Million US$), 2018 & 2023
Figure 47: Europe: Spandex Fiber Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 48: Germany: Spandex Fiber Market: Sales Value (in Million US$), 2018 & 2023
Figure 49: Germany: Spandex Fiber Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 50: France: Spandex Fiber Market: Sales Value (in Million US$), 2018 & 2023
Figure 51: France: Spandex Fiber Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 52: United Kingdom: Spandex Fiber Market: Sales Value (in Million US$), 2018 & 2023
Figure 53: United Kingdom: Spandex Fiber Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 54: Italy: Spandex Fiber Market: Sales Value (in Million US$), 2018 & 2023
Figure 55: Italy: Spandex Fiber Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 56: Spain: Spandex Fiber Market: Sales Value (in Million US$), 2018 & 2023
Figure 57: Spain: Spandex Fiber Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 58: Russia: Spandex Fiber Market: Sales Value (in Million US$), 2018 & 2023
Figure 59: Russia: Spandex Fiber Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 60: Others: Spandex Fiber Market: Sales Value (in Million US$), 2018 & 2023
Figure 61: Others: Spandex Fiber Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 62: Latin America: Spandex Fiber Market: Sales Value (in Million US$), 2018 & 2023
Figure 63: Latin America: Spandex Fiber Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 64: Brazil: Spandex Fiber Market: Sales Value (in Million US$), 2018 & 2023
Figure 65: Brazil: Spandex Fiber Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 66: Mexico: Spandex Fiber Market: Sales Value (in Million US$), 2018 & 2023
Figure 67: Mexico: Spandex Fiber Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 68: Others: Spandex Fiber Market: Sales Value (in Million US$), 2018 & 2023
Figure 69: Others: Spandex Fiber Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 70: Middle East and Africa: Spandex Fiber Market: Sales Value (in Million US$), 2018 & 2023
Figure 71: Middle East and Africa: Spandex Fiber Market: Breakup by Country (in %), 2023
Figure 72: Middle East and Africa: Spandex Fiber Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 73: Global: Spandex Fiber Industry: SWOT Analysis
Figure 74: Global: Spandex Fiber Industry: Value Chain Analysis
Figure 75: Global: Spandex Fiber Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Spandex Fiber Market: Key Industry Highlights, 2023 and 2032
Table 2: Global: Spandex Fiber Market Forecast: Breakup by Fabric Type (in Million US$), 2024-2032
Table 3: Global: Spandex Fiber Market Forecast: Breakup by Production Method (in Million US$), 2024-2032
Table 4: Global: Spandex Fiber Market Forecast: Breakup by Application (in Million US$), 2024-2032
Table 5: Global: Spandex Fiber Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 6: Global: Spandex Fiber Market: Competitive Structure
Table 7: Global: Spandex Fiber Market: Key Players

Companies Mentioned

  • Asahi Kasei Corporation
  • BASF SE
  • Huafon Chemical Co. Ltd.
  • Hyosung Corporation
  • Indorama Corporation
  • Invista (Koch Industries Inc.)
  • Mitsubishi Chemical Corporation
  • Taekwang Industrial Co.Ltd
  • Teijin Limited
  • TK Chemical Corporation
  • Toray Industries Inc.
  • Xiamen Lilong Spandex Co. Ltd.
  • Yantai Tayho Advanced Materials Co. Ltd.

Methodology

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Table Information

Report AttributeDetails
No. of Pages136
PublishedApril 2024
Forecast Period2023 - 2032
Estimated Market Value ( USD ) in 2023 $ 8.2 Billion
Forecasted Market Value ( USD ) by 2032 $ 12.5 Billion
Compound Annual Growth Rate4.8%
Regions CoveredGlobal
No. of Companies Mentioned13

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