MarkNtel Advisors recently published a report, titled, ” Global Spandex Market By Application (Clothing [Sportswear, Activewear, Others], Medical [Compression Garments & Bandages, Elastic Tapes & Wraps, Orthopedic Braces, Others], Home Furnishing [Furniture Upholstery, Bed Linens, Curtains, Others], Automotive [Seat Covers, Headliners, Others], Others),. As per as the report 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.
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Global Spandex Market Driver
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.
Leading Companies in Global 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.
Global Spandex Market Segmentation:
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
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By Region
-North America
-South America
-Europe
-The Middle East & Africa
-Asia-Pacific.
Key questions answered in the Global Spandex Market are:
•What is Global Spandex Market?
•What was the market size in 2023?
•What is the growth rate of the Global Spandex Market?
•Which are the factors expected to drive the market growth?
•What are the different segments of the Global Spandex Market?
•What segments are covered in the Market?
•Who are the key players in the Global Spandex Market?
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