Global Gobal Spandex Market
Spandex Market Size And Forecast
Spandex Market was valued at USD 4.04 Billion in 2019 and is projected to reach USD 7.80 Billion by 2027, growing at a CAGR of 8.79% from 2020 to 2027.
Global Spandex Market Overview
Spandex is a type of synthetic fiber that is derived from petroleum and is similar to plastic bags and other disposable plastics that are non-biodegradable. They end up in landfills and oceans and have the same environmental implications as plastics. This factor creates the need for natural alternative fibers in various products. With sustainability efforts on the rise, more and more natural options are becoming available for creators who are looking to start for an eco-friendly label. Therefore, the availability of natural fiber as a substitute for spandex might hinder the overall growth of the market in the forecast period.
Global Spandex Market: Segmentation Analysis
The Global Spandex Market is segmented on the basis of Type, Application, industry and geography.
Spandex Market Competitive Landscape
The “Global Spandex Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such as Hyosung Corporation, Asahi Kasei Corp, Taekwang Industrial Co. Ltd. Ltd., Shandong Ruyi Group, and Others.
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