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A rapidly growing population combined with rising consumer disposable income is expected to propel the demand for sports and activewear, leading to the growth of the spandex market. The spandex market is expected to grow in the forecast period of 2022 to 2029. Data Bridge Market Research analyses that the market is growing at a CAGR of 5.6% in the forecast period of 2022 to 2029 and is expected to reach USD 1,800,584.13 thousand by 2029.
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Market Analysis and Insights: Europe Spandex Market
Market Analysis and Insights: Europe Spandex Market
Spandex fiber, also known as Lycra or elastane, is a long-chain polyurethane-polyurea copolymer composed of flexible macro-glycol segments and rigid di-isocyanate segments arranged in a specific order. The fiber is characterized by its exceptional elastic and recovery properties. These characteristics entail its wide-scale use across diverse applications in textile, clothing, and healthcare industries. Some prominent areas of application for spandex fibers include sportswear, casual clothing, undergarments, and home furnishings. Healthcare applications of spandex fiber include compression stockings, hoses, diapers, bandages, and so on.
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Major TOC of the Asia Pacific Aesthetic services MarketReport
Chapter One:
MARKET SEGEMENTATION
EXECUTIVE SUMMARY
PREMIUM INSIGHTS
MARKET OVERVIEW
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Europe Spandex Market Scope and Market Size
Europe Spandex Market Scope and Market Size
· Based on technology, the spandex market is segmented into solution dry-spinning, wet-spinning, and others. In 2022, the solution dry-spinning is expected to dominate the spandex market due to the high spinning speed and greater ease and flexibility in implementing the dry spinning process.
· Based on application, the spandex market is segmented into clothing, medical, and others. In 2022, the clothing segment is expected to dominate the spandex market due to increasing demand in different applications such as sportswear, activewear, intimate wear, and others.
Competitive Landscape and Spandex Market Share Analysis
Competitive Landscape and Spandex Market Share Analysis
Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Europe presence, production sites and facilities, company strengths and weaknesses, product launch, clinical trials pipelines, brand analysis, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the company’s focus related to Europe spandex market.
The major players covered in the report are
· HYOSUNG TNC,
· Asahi Kasei Corporation.,
· Xinxiang Sunshining Ecotex Clothes Co.,Ltd,
· TORAY INDUSTRIES, INC.,
· Mitsubishi Chemical Corporation, other domestic and global players.
· DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
For instance,
· In August 2021, Hyosung TNC signed a MOU on Gwangyang Bay Resources Circulation Project. The MOU signed companies established a circulation system that bolsters sustainable consumption and production by recycling waste resources. Hyosung TNC will produce recycled fiber Regen with the waste PET bottles.
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