The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), Spandex Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape. The research company provides an extensive range of strategic reports on diverse industry verticals to substantial and varied client bases, including multinational corporations, financial institutions, governments, and individuals, among others.

Spandex Industry Analytical Overview (2024-2030): Drivers, Opportunities, Challenges, and Trends,

According to the latest report, Spandex Market size is valued at around USD 8.3 billion in 2023 and estimated to grow at a CAGR of around 8.24% during the forecast period, i.e., 2024-30.  The report significantly addressed considerable changes, gap analyses, and competitive studies using qualitative and quantitative data. These include the widespread segmentation, geography, and recent developments, entailing information on the fluctuation in the demand, sales, revenue, and other parameters experienced and expected in the industry for the forecasting year i.e. 2024 to 2030.

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What is Included in Spandex Market Segmentation?

The report has segmented the market into the following categories:

By Application

• Clothing- Market Size & Forecast 2019-2030F, Thousand Tons
  • Sportswear-  Market Size & Forecast 2019-2030F, Thousand Tons
  • Activewear - Market Size & Forecast 2019-2030F, Thousand Tons
  • Others (Swimwear, etc.)- Market Size & Forecast 2019-2030F, Thousand Tons
• Medical- Market Size & Forecast 2019-2030F, Thousand Tons
  • Compression Garments & Bandages - Market Size & Forecast 2019-2030F, Thousand Tons
  • Elastic Tapes & Wraps - Market Size & Forecast 2019-2030F, Thousand Tons
  • Orthopedic Braces - Market Size & Forecast 2019-2030F, Thousand Tons
  • Others (Prosthetic Devices, etc.) - Market Size & Forecast 2019-2030F, Thousand Tons
• Home Furnishing- Market Size & Forecast 2019-2030F, Thousand Tons
  • Furniture Upholstery- Market Size & Forecast 2019-2030F, Thousand Tons
  • Bed Linens- Market Size & Forecast 2019-2030F, Thousand Tons
  • Curtains- Market Size & Forecast 2019-2030F, Thousand Tons
  • Others (Rugs, Decorative Fabrics, etc.) - Market Size & Forecast 2019-2030F, Thousand Tons
• Automotive- Market Size & Forecast 2019-2030F, Thousand Tons
  • Seat Covers- Market Size & Forecast 2019-2030F, Thousand Tons
  • Headliners- Market Size & Forecast 2019-2030F, Thousand Tons
  • Others- Market Size & Forecast 2019-2030F, Thousand Tons
• Others (Personal Care, Sports Equipment, etc.) - Market Size & Forecast 2019-2030F, Thousand Tons

By Technology

• Dry Spinning- Market Size & Forecast 2019-2030F, Thousand Tons
• Wet Spinning- Market Size & Forecast 2019-2030F, Thousand Tons
• Reaction Spinning- Market Size & Forecast 2019-2030F, Thousand Tons
• Melt Extrusion- Market Size & Forecast 2019-2030F, Thousand Tons

By Region

• North America
• South America
• Europe
• The Middle East & Africa
• Asia-Pacific

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Key Factor Driver Spandex Industry Growth by 2030

• Surging Demand for Spandex Fibers in Medical Textile Industries– Hospitals & medical facilities have high patient traffic. Close patient contact and the presence of immune-compromised patients make these facilities susceptible to higher infection. High-touch surfaces like door knobs, bed rails, medical equipment, etc., are also at high contamination risk. As a result, healthcare workers across the globe tend to use face masks, gloves, etc., for protection from different viruses and bacteria. Medical textiles are manufactured using spandex due to their unique characteristics, including elasticity, comfort, and durability. Therefore, the increasing demand for these textiles to minimize the infection spread within healthcare facilities is driving the Global Spandex Material Market.

Who are the Key Players Operating in the Spandex Industry?

The top companies of the Spandex market ruling the industry are: 

• Huafon Chemicals Co., Ltd
• Hyosung TNC
• Asahi Kasei Corporation
• Taekwang Industrial Co., Ltd.
• Sunshining Ecotex Clothes Co., Ltd.
• Indorama Corporation
• Jiangsu Shuangliang Spandex Co., Ltd.
• TK Chemical Corporation
• Xiamen Lilong Spandex Co., Ltd.
• Yantai Tayho Advanced Material Co., Ltd.
• New Star Textile Co., Ltd
• Positex
• The LYCRA Company
• Jining Ruyi High-tech Fibre Co., Ltd.
• Hangzhou Qingyun Advanced Materials Co., Ltd.
• Others (Colossustex)

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FAQs (Frequently Ask Questions)

1. What are the industry’s overall statistics or estimates including CARG and USD Value of the forecasting years?
2. What are the trends influencing the current scenario of the Spandex Market?
3. What are the key factors that would propel and hinder the industry?
4. Which geographical area dominates the Spandex industry?
5. Which is the Leading segment in the market?

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MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.

We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.

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