MarkNtel Advisors Research Analyses that 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.
Which are the top companies operating in the Spandex Market?
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, TK Chemical Corporation, Xiamen Lilong Spandex Co., Ltd, Yantai Tayho Advanced Material Co., Ltd, New Star Textile Co., Ltd, Positex, The LYCRA Company, Jining Ruyi High-tech Fibre Co., Ltd., Hangzhou Qingyun Advanced Materials Co., Ltd., Others
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Competitive Landscape and Spandex Market Share Analysis:
The competitive landscape of the Spandex market offers detailed insights by company. These insights include company overviews, financial performance, revenue specific to the Spandex market, segment market potential, R&D investments, new market strategies, global footprint, production sites and capacities, key strengths and weaknesses, product launches, product range and diversity, as well as dominant applications.
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Research Scope and Market Categories:
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
Geographically, the report provides an in-depth analysis of consumption, revenue, market share, and growth rate—along with historical data and forecasts for the period 2024–2030 as detailed in the respective chapters.
By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
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Which are the driving factors of the Spandex Market?
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. Medical textiles are manufactured using spandex due to their unique characteristics, including elasticity, comfort, and durability. Therefore, the increasing demand for these textiles to minimize the infection spread within healthcare facilities is driving the Global Spandex Material Market.
Key Report Highlights:
- Market Dimensions & Projections
- Pricing Evaluation,
- Recent Strategic Moves by Companies,
- Primary Stakeholders,
- Analysis of Import and Export Trends,
- Competitive Landscape Assessment,
- Emerging Opportunities,
- Market Trends and Indicators
Note - If there are any particular details you need that are not currently included in the report, we will be happy to provide them as part of our customization services.
Comprehensive Table of Contents Spandex Market Analysis and Forecast (2024-2030)
- Market Segmentation
- Introduction
- Product Definition
- Research Process
- Assumptions
- Executive Summary
- Research Methodology
- Overview of Methodological Approaches
- Study Objectives
- Foundational Methodology
- Scope Definition
- Key Assumptions and Limitations
- Forecasting Approach
- Macroeconomic Outlook
- Spandex Market Porters Five Forces Analysis
- Spandex Market Supply Chain Analysis
- Spandex Market Trends & Insights
- Spandex Market Dynamics
- Drivers
- Challenges
- Spandex Market Growth Opportunities & Hotspots
- Spandex Market Policy & Regulations
- Spandex Market Pricing Analysis
- Spandex Market Outlook, 2020-2030F
- Market Size & Outlook
- Revenues (USD Million)
- Units Sold
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