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The America’s Spandex Market is expected to grow from USD 0.70 billion in 2019 to USD 1.74 billion by 2027, at a CAGR of 12.00% during the forecast period 2020-2027.
Spandex is a synthetic elastic fibre which is produced by using polyether-polyurea copolymer. It is also known as lycra or elastane. Colourants and stabilizers are added to enhance the appearance and improve the quality of spandex. Spandex was invented in a DuPont laboratory in Virginia, USA. Spandex can be stretched up to 500% of its length, and it possesses properties such as very high strength, elasticity and versatility when compared to rubber. It is primarily used in textiles due to its ability to be stretched, smoothness, softness, easy dyeing, abrasion-resistant, lightweight, resistant to body oils and perspiration, resistant to detergent, and compatible with other materials and fibres. It has a wide range of applications in the textile industry and the healthcare industry. The Americas spandex market is driven by factors such as high demand form the sports apparel segment, rising demand from medical and healthcare applications, and consumers substituting natural rubber for spandex.
This study delivers a comprehensive analysis of production process, end-user applications, and regions. By production process, the market is segmented into dry spinning and wet spinning. The dry spinning segment is more effective and therefore accounts for the largest market share in this segment. However, the wet spinning segment is growing at a substantial growth rate though it is costlier, as its use in manufacturing spandex products for medical purposes has increased. Based on applications, the market is bifurcated into textile, home furnishing, automotive, and medical. The textile segment is further segmented into casual wear, sportswear, innerwear and others. The textile segment holds the largest market share, owing to growing disposable income which is increasing the demand for the spandex made apparels. Also, high growth rate and the surge in demand from the sports apparels segment is driving the growth of the textile segment.
The market has been divided into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. Asia-Pacific holds the largest market share owing to the presence of a large number of manufacturers and increasing demand for spandex from various countries such as India, China, Korea, Japan, and ASEAN countries. North America is expected to grow at a moderate growth rate. The demand from the textile and automotive market is propelling the growth of this market.
Some of the key players in America’s spandex market are Asahi Kasei Corporation, Hyosung Corporation, Invista, TK Chemical Corporation, Zhejiang Huafon Spandex Co. Ltd., Toray Industries, Inc., Indorama Industries Ltd., Taekwang Industrial Co. Ltd., Xiamen Lilong Spandex Co., Ltd., Yantai Spandex Co., Ltd. Baoding Swan Spandex Co., Ltd., Spandex Corporation Ltd., Xinxiang Bailu Chemical Fibre Group Co. Ltd., Highsun Group, Yantai Tayho Advanced materials Co. Ltd., and Jiangsu Shuangliang Spandex Co., Ltd.
This study predicts revenue growth at global, national, and country levels from 2020 to 2027. This report has segmented the market based on below-mentioned segments:
Global America’s Spandex Market Analysis And Forecast, By Production Process:
Global America’s Spandex Market Analysis And Forecast, By Application:
Global America’s Spandex Market Analysis And Forecast, By Region:
Report Description:
1. Introduction
1.1. Objectives of the Study
1.2. Market Definition
1.3. Research Scope
1.4. Currency
1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market Attractiveness Analysis By Production
4.3.2. Market Attractiveness Analysis By Application
4.3.3. Market Attractiveness Analysis By Region
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.2.1. Rapidly increasing population coupled with rising consumer disposable income
5.2.2. Characteristics such as excellent strength, weight, and versatility
5.3. Opportunities
5.3.1. Growing awareness about following a healthy lifestyle is anticipated to result in increased participation in sports activities
5.4. Challenges
5.4.1. Laborious manufacturing process and superior properties that results in the high market price
6. Global America’s Spandex Market Analysis and Forecast, By Production
6.1. Segment Overview
6.2. Dry Spinning
6.3. Wet Spinning
7. Global America’s Spandex Market Analysis and Forecast, By Application
7.1. Segment Overview
7.2. Textile
7.2.1. Casual wear
7.2.2. Sportswear
7.2.3. Innerwear
7.2.4. Others
7.3. Home Furnishing
7.4. Automotive
7.5. Medical
8. Global America’s Spandex Market Analysis and Forecast, By Regional Analysis
8.1. Segment Overview
8.2. North America
8.2.1. U.S.
8.2.2. Canada
8.2.3. Mexico
8.3. Europe
8.3.1. Germany
8.3.2. France
8.3.3. U.K.
8.3.4. Italy
8.3.5. Spain
8.4. Asia-Pacific
8.4.1. Japan
8.4.2. China
8.4.3. India
8.5. South America
8.5.1. Brazil
8.6. Middle East and Africa
8.6.1. UAE
8.6.2. South Africa
9. Global America’s Spandex Market-Competitive Landscape
9.1. Overview
9.2. Market Share of Key Players in Global America’s Spandex Market
9.2.1. Global Company Market Share
9.2.2. North America Company Market Share
9.2.3. Europe Company Market Share
9.2.4. APAC Company Market Share
9.3. Competitive Situations and Trends
9.3.1. Application Launches and Developments
9.3.2. Partnerships, Collaborations, and Agreements
9.3.3. Mergers & Acquisitions
9.3.4. Expansions
10. Company Profiles
10.1. Asahi Kasei Corporation
10.1.1. Business Overview
10.1.2. Company Snapshot
10.1.3. Company Market Share Analysis
10.1.4. Company Production Portfolio
10.1.5. Recent Developments
10.1.6. SWOT Analysis
10.2. Hyosung Corporation
10.2.1. Business Overview
10.2.2. Company Snapshot
10.2.3. Company Market Share Analysis
10.2.4. Company Production Portfolio
10.2.5. Recent Developments
10.2.6. SWOT Analysis
10.3. Invista
10.3.1. Business Overview
10.3.2. Company Snapshot
10.3.3. Company Market Share Analysis
10.3.4. Company Production Portfolio
10.3.5. Recent Developments
10.3.6. SWOT Analysis
10.4. TK Chemical Corporation
10.4.1. Business Overview
10.4.2. Company Snapshot
10.4.3. Company Market Share Analysis
10.4.4. Company Production Portfolio
10.4.5. Recent Developments
10.4.6. SWOT Analysis
10.5. Zhejiang Huafon Spandex Co. Ltd.
10.5.1. Business Overview
10.5.2. Company Snapshot
10.5.3. Company Market Share Analysis
10.5.4. Company Production Portfolio
10.5.5. Recent Developments
10.5.6. SWOT Analysis
10.6. Toray Industries
10.6.1. Business Overview
10.6.2. Company Snapshot
10.6.3. Company Market Share Analysis
10.6.4. Company Production Portfolio
10.6.5. Recent Developments
10.6.6. SWOT Analysis
10.7. Indorama Industries Ltd
10.7.1. Business Overview
10.7.2. Company Snapshot
10.7.3. Company Market Share Analysis
10.7.4. Company Production Portfolio
10.7.5. Recent Developments
10.7.6. SWOT Analysis
10.8. Taekwang Industrial Co. Ltd
10.8.1. Business Overview
10.8.2. Company Snapshot
10.8.3. Company Market Share Analysis
10.8.4. Company Production Portfolio
10.8.5. Recent Developments
10.8.6. SWOT Analysis
10.9. Xiamen Lilong Spandex Co
10.9.1. Business Overview
10.9.2. Company Snapshot
10.9.3. Company Market Share Analysis
10.9.4. Company Production Portfolio
10.9.5. Recent Developments
10.9.6. SWOT Analysis
10.10. Yantai Spandex Co., Ltd
10.10.1. Business Overview
10.10.2. Company Snapshot
10.10.3. Company Market Share Analysis
10.10.4. Company Production Portfolio
10.10.5. Recent Developments
10.10.6. SWOT Analysis
10.11. Baoding Swan Spandex Co., Ltd
10.11.1. Business Overview
10.11.2. Company Snapshot
10.11.3. Company Market Share Analysis
10.11.4. Company Production Portfolio
10.11.5. Recent Developments
10.11.6. SWOT Analysis
10.12. Spandex Corporation Ltd
10.12.1. Business Overview
10.12.2. Company Snapshot
10.12.3. Company Market Share Analysis
10.12.4. Company Production Portfolio
10.12.5. Recent Developments
10.12.6. SWOT Analysis
10.13. Xinxiang Bailu Chemical Fibre Group Co. Ltd.
10.13.1. Business Overview
10.13.2. Company Snapshot
10.13.3. Company Market Share Analysis
10.13.4. Company Production Portfolio
10.13.5. Recent Developments
10.13.6. SWOT Analysis
10.14. Highsun Group
10.14.1. Business Overview
10.14.2. Company Snapshot
10.14.3. Company Market Share Analysis
10.14.4. Company Production Portfolio
10.14.5. Recent Developments
10.14.6. SWOT Analysis
10.15. Yantai Tayho Advanced materials Co. Ltd.
10.15.1. Business Overview
10.15.2. Company Snapshot
10.15.3. Company Market Share Analysis
10.15.4. Company Production Portfolio
10.15.5. Recent Developments
10.15.6. SWOT Analysis
10.16. Jiangsu Shuangliang Spandex Co., Ltd.
10.16.1. Business Overview
10.16.2. Company Snapshot
10.16.3. Company Market Share Analysis
10.16.4. Company Production Portfolio
10.16.5. Recent Developments
10.16.6. SWOT Analysis
List of Table
1. Global America’s Spandex Market, By Production, 2017-2027 (USD Billion) (K Units)
2. Global Dry spinning, America’s Spandex Market, By Region, 2017-2027 (USD Billion) (K Units)
3. Global Wet spinning, America’s Spandex Market, By Region, 2017-2027 (USD Billion) (K Units)
4. Global America’s Spandex Market, By Application, 2017-2027 (USD Billion) (K Units)
5. Global Textile, America’s Spandex Market, By Region, 2017-2027 (USD Billion) (K Units)
6. Global Home Furnishing, America’s Spandex Market, By Region, 2017-2027 (USD Billion) (K Units)
7. Global Automotive, America’s Spandex Market, By Region, 2017-2027 (USD Billion) (K Units)
8. Global Medical, America’s Spandex Market, By Region, 2017-2027 (USD Billion) (K Units)
9. North America America’s Spandex Market, By Production, 2017-2027 (USD Billion) (K Units)
10. North America America’s Spandex Market, By Application, 2017-2027 (USD Billion) (K Units)
11. U.S. America’s Spandex Market, By Production, 2017-2027 (USD Billion) (K Units)
12. U.S. America’s Spandex Market, By Application, 2017-2027 (USD Billion) (K Units)
13. Canada America’s Spandex Market, By Production, 2017-2027 (USD Billion) (K Units)
14. Canada America’s Spandex Market, By Application, 2017-2027 (USD Billion) (K Units)
15. Mexico America’s Spandex Market, By Production, 2017-2027 (USD Billion) (K Units)
16. Mexico America’s Spandex Market, By Application, 2017-2027 (USD Billion) (K Units)
17. Europe America’s Spandex Market, By Production, 2017-2027 (USD Billion) (K Units)
18. Europe America’s Spandex Market, By Application, 2017-2027 (USD Billion) (K Units)
19. Germany America’s Spandex Market, By Production, 2017-2027 (USD Billion) (K Units)
20. Germany America’s Spandex Market, By Application, 2017-2027 (USD Billion) (K Units)
21. France America’s Spandex Market, By Production, 2017-2027 (USD Billion) (K Units)
22. France America’s Spandex Market, By Application, 2017-2027 (USD Billion) (K Units)
23. U.K. America’s Spandex Market, By Production, 2017-2027 (USD Billion) (K Units)
24. U.K. America’s Spandex Market, By Application, 2017-2027 (USD Billion) (K Units)
25. Italy America’s Spandex Market, By Production, 2017-2027 (USD Billion) (K Units)
26. Italy America’s Spandex Market, By Application, 2017-2027 (USD Billion) (K Units)
27. Spain America’s Spandex Market, By Production, 2017-2027 (USD Billion) (K Units)
28. Spain America’s Spandex Market, By Application, 2017-2027 (USD Billion) (K Units)
29. Asia Pacific America’s Spandex Market, By Production, 2017-2027 (USD Billion) (K Units)
30. Asia Pacific America’s Spandex Market, By Application, 2017-2027 (USD Billion) (K Units)
31. Japan America’s Spandex Market, By Production, 2017-2027 (USD Billion) (K Units)
32. Japan America’s Spandex Market, By Application, 2017-2027 (USD Billion) (K Units)
33. China America’s Spandex Market, By Production, 2017-2027 (USD Billion) (K Units)
34. China America’s Spandex Market, By Application, 2017-2027 (USD Billion) (K Units)
35. India America’s Spandex Market, By Production, 2017-2027 (USD Billion) (K Units)
36. India America’s Spandex Market, By Application, 2017-2027 (USD Billion) (K Units)
37. South America America’s Spandex Market, By Production, 2017-2027 (USD Billion) (K Units)
38. South America America’s Spandex Market, By Application, 2017-2027 (USD Billion) (K Units)
39. Brazil America’s Spandex Market, By Production, 2017-2027 (USD Billion) (K Units)
40. Brazil America’s Spandex Market, By Application, 2017-2027 (USD Billion) (K Units)
41. Middle East and Africa America’s Spandex Market, By Production, 2017-2027 (USD Billion) (K Units)
42. Middle East and Africa America’s Spandex Market, By Application, 2017-2027 (USD Billion) (K Units)
43. UAE America’s Spandex Market, By Production, 2017-2027 (USD Billion) (K Units)
44. UAE America’s Spandex Market, By Application, 2017-2027 (USD Billion) (K Units)
45. South Africa America’s Spandex Market, By Production, 2017-2027 (USD Billion) (K Units)
46. South Africa America’s Spandex Market, By Application, 2017-2027 (USD Billion) (K Units)
List of Figures
1. Global America’s Spandex Market Segmentation
2. Global America’s Spandex Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global America’s Spandex Market Attractiveness Analysis by Production
9. Global America’s Spandex Market Attractiveness Analysis by Application
10. Global America’s Spandex Market Attractiveness Analysis by Region
11. Global America’s Spandex Market: Dynamics
12. Global America’s Spandex Market Share by Production (2020 & 2027)
13. Global America’s Spandex Market Share by Application (2020 & 2027)
14. Global America’s Spandex Market Share by Regions (2020 & 2027)
15. Global America’s Spandex Market Share by Company (2019)
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Hi John,
Thanks for the report. We've been going through it and see some good data on the market and players. –
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