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Writer's pictureirene garcia
Feb 284 min read

Unveiling the Future: Spandex Market to USD 8.3 Billion Value in 2023 Forecast by 2030, Featuring a CAGR of 8.24% - MarkNtel Advisors

Market Overview: Global Spandex Market

MarkNtel Advisors, a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. Recently published a report on the Global Spandex Market and provide your business with the latest market trends and analysis from our reports to make informed decisions and stay ahead of the competition.


Spandex Market Insights 2024-30

The Global 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.




Top Players in the Spandex Market:

  • 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)


Segmentation Analysis of Spandex Market

Spandex Market exactly assesses and highlights significant trends and influencing factors within each segment. The comprehensive analysis extends its predictions for the period spanning 2024-30, focusing on the national landscape. The market is exactly categorized based on this analysis, providing valuable insights into its various facets.

-By Application

  • Clothing

  • Medical

  • Home Furnishing

  • Automotive

  • Others (Personal Care, Sports Equipment, etc.)


Spandex is extensively used in textile industries to manufacture numerous clothes like sportswear, activewear, swimwear, casual clothes, etc., making Clothing a leading application. Spandex provides higher stretchability & durability, which makes clothes more agile & comfortable for customers, thus apparel manufacturers prefer to use spandex.

The fiber also offers higher elasticity & wind resistance. As a result, athletes around the world prefer to wear spandex material clothes. Further, the spandex fiber is also increasingly used for casual wear such as socks & hosiery, increasing the share of clothing in the Spandex Market.



-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


A Comprehensive Geographical Analysis:

-By Region

  • North America

  • South America

  • Europe

  • The Middle East & Africa

  • Asia-Pacific


Asia-Pacific holds a remarkable share in the Global Spandex Market due to the prevalence of several textile manufacturers in the region. Countries like China, India, etc., have lower labor rates & government policies that support the setup of industries in the country. As a result, there are numerous textile manufacturers in these countries, which enhances the demand for the spandex.

These countries export the apparel to other nations like the UAE, Africa, and others to cater to the requirements for different clothing articles. This increasing demand for clothes has led to the expansion of the textile industries across the region & has elevated the need for spandex to manufacture activewear & sportswear. Hence, the proliferating the Asia-Pacific Spandex Market.



Why Choose Us?

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 8.240+ 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.

Being one of the most efficient market research companies in India, our specialized team of experienced & efficient market research professionals is capable of grasping every minute and valuable information & data of the market to offer our clients with satisfactory details. Our company has served the biggest market research firms in India at leading positions and is proficient in managing all types of market research projects.


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About Us

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

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 18.24 diverse industrial verticals.


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Company Name: MarkNtel Advisors 

Phone: +1 628 895 8081, +91 120 4278433

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