Spandex Market Outlook Industry Share, Growth, Drivers, Emerging Technologies, and Forecast Research Report 2029

Description

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, and bandages.The spandex market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses that the market is growing at a CAGR of 5.9% in the forecast period of 2022 to 2029 and is expected to reach USD 8,642,865.12 thousand by 2029. 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.

Market Analysis and Insights: Spandex Market

To understand the analysis and the market scenario, contact us for an Analyst Brief; our team will help you create a revenue impact solution to achieve your desired goal. The major restrain that may negatively impact the spandex market is the increasing threat of substitutes such as natural rubber latex (NRL), polybutylene terephthalate (PBT), and relatively slower economic growth in certain regions.This global spandex market report provides details of market share, new developments, and product pipeline analysis, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market.

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Spandex Market Scope and Market Size

This business report introduces the basics of industry such as market definitions, classifications, applications and industry chain overview, after which it covers industry policies and plans, product specifications, manufacturing processes, cost structures and so on. Increasing development of innovation in spandex fibers is expected to provide opportunity in the global spandex market. However, high price volatility in raw petroleum-based materials is projected to challenge the global spandex market growth.The report studies various inhibitors as well as motivators of the market in both quantitative and qualitative manner so that users can have perfect information. The base year for calculation in this market document is considered as 2020 while the historic year is 2019 which will tell how the SPANDEX market is going to perform in the forecast years.

· 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.

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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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Spandex Market Country Level Analysis

Data points such as new sales, replacement sales, country demographics, regulatory acts, and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, the presence and availability of brands and their challenges faced due to large or scarce competition from local and domestic brands the impact of sales channels are considered while providing forecast analysis of the country data.

The countries covered in the spandex market report are

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 global spandex market. North America, South America, Asia-Pacific, Europe, and the Middle East and Africa. North America is segmented into U.S., Canada, and Mexico. Europe is segmented into Germany, the U.K., Italy, France, Spain, Russia, Switzerland, Turkey, Belgium, Netherlands, Luxemburg, and the Rest of Europe. Asia-Pacific is segmented into Japan, China, South Korea, India, Singapore, Thailand, Indonesia, Malaysia, Philippines, Australia, New Zealand, and the Rest of Asia-Pacific. South America is segmented into Brazil, Argentina, and the Rest of South America. The Middle East and Africa is segmented into South Africa, Egypt, Saudi Arabia, United Arab Emirates, Israel, and the Rest of the Middle East and Africa.

Competitive Landscape and Spandex Market Share Analysis

The above data points provided are only related to the company’s focus related to the spandex market. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, 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.

Some major players covered in the report are

· Huafon Chemical Co., Ltd.,

· HYOSUNG TNC.,

· Asahi Kasei Corporation,

· TAEKWANG INDUSTRIAL CO., LTD,

· Xinxiang Sunshining Ecotex Clothes Co.,Ltd,

· Indorama Corporation,

· Mitsubishi Chemical Engineering Corporation.,

· TORAY INDUSTRIES, INC.,

· Yantai Tayho Advanced Materials Co., Ltd,

· Xiamen Lilong Spandex Co., Ltd.,

· Jiangsu Shuangliang Spandex Co., Ltd,

· and TK CHEMICAL CORPORATION., among others.

· DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

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