Spandex Market Size By Type(Solution Dry Spinning, Solution Wet Spinning and Others), By Application(Compression Garment, Diapers/Hygiene, Upholstery and Others), By Industry(Apparel & Clothing, Medical & Healthcare, and Others), By Geographic Scope And Forecast
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 highly popular and most commonly used material type in the manufacturing of activewear and sportswear. Owing to its high stretchability, it makes the clothes agile and comfortable for movements. The spandex fiber material is known to stretch 100 times more than its original size, making it a favorite material for sportswear. It is also breathable, wicks moisture, and dries quickly. This is the main reason it is a staple in form-fitting exercise clothes. With the rising wellness trend among consumers, the activewear segment is expanding. This factor, in turn, is expected to boost the demand for spandex fiber in manufacturing sportswear and activewear garments keeping users pleasantly cool and dry with natural comfort and versatility.
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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