Dry Spinning Spandex Fiber Market size was valued at USD 3.12 Billion in 2024 and is projected to reach USD 5.78 Billion by 2033, exhibiting a CAGR of 7.3% from 2026 to 2033.
In 2022, the global Dry Spinning Spandex Fiber Market was valued at approximately USD 4.5 billion and is projected to reach USD 7.2 billion by 2030, growing at a compound annual growth rate (CAGR) of 7.5% during the forecast period. The Asia Pacific region dominated the market, accounting for over 48% of the global share, driven by robust textile manufacturing industries in countries like China, India, and South Korea. North America and Europe also held significant portions of the market, with increasing demand for stretchable fabrics in apparel and activewear contributing to growth in these regions. Opportunities in the Dry Spinning Spandex Fiber Market are expanding due to the rising consumer preference for comfortable and stretchable clothing, particularly in the athleisure and sportswear segments. Technological advancements in dry spinning processes have enhanced the quality and cost effectiveness of spandex fibers, further fueling market expansion. Additionally, the growing medical and healthcare sectors are utilizing spandex fibers in applications such as compression garments and medical textiles, presenting new avenues for market growth.
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Hyosung Corporation
Huafon Chemical Co.
Ltd.
Xinxiang Chemical Fiber Co.
Ltd.
ZheJiang Huahai Machinery Group
Shandong Ruyi Technology Group Co.
Ltd.
Highsun Holding Group
Asahi Kasei Corporation
Yantai Tayho Advanced Materials Co. Ltd.
TK Chemical Corporation
Taekwang Industrial Co. Ltd.
Jiangsu Shuangliang Spandex Co.
Ltd.(Shuangliang Group Co.
Ltd.)
Xiamen Lilong Spandex Co.
Ltd.
Indorama Corporation
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Dry Spinning Spandex Fiber Market
Polyester-Based Spandex
Polyurethane-Based Spandex
Other Synthetic Spandex
Apparel
Home Textiles
Medical & Healthcare
Automotive Textiles
Low Denier (10D-20D)
Medium Denier (21D-40D)
High Denier (41D and above)
Sportswear Manufacturing
Fashion Industry
Medical Textiles
Automotive Components
Online Retail
Offline Retail
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Dry Spinning Spandex Fiber Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Dry Spinning Spandex Fiber Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Dry Spinning Spandex Fiber Market, By Type
6. Global Dry Spinning Spandex Fiber Market, By Application
7. Global Dry Spinning Spandex Fiber Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Dry Spinning Spandex Fiber Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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