DecisionDatabases.com adds a new research study on “Global Spandex Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 – 2021”. The spandex market is anticipated to show 9.4% CAGR in terms of value during 2016 to 2021.Rising demand from textile and apparel industry has accelerated the growth of global spandex market. Fashion trends are motivating its use in competitive swimwear, cycling jerseys, leggings, and gloves.
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Spandex is polyurethane elastic fiber. PTMEG and MDI are the derivatives in the production of this fiber. It is composed of 85% polyurethane polymer chain that gives it 500%-800% elasticity. It is widely used as raw material in skintight garments, belts, competitive swimwear, cycling jerseys, leggings, gloves, active wear and athletic, aerobic and many exercise garments.
The spandex market is estimated to reach a consumption volume of 1390.4 KT by 2021.The report expects the spandex market to grow at CAGR of 8.3% in terms of volume. In the past few years, China has emerged as the largest manufacturer of spandex. Its annual consumption is more than 57% of the world consumption. Therefore, Asia Pacific is estimated to arise as leading market for Spandex and will continue to grow over the forecast period.
INVISTA recently introduced bio-derived Spandex. It is the only commercial product of its kind. Apparel fabrics and garments manufactured using this bio-derived fiber are 70% from renewable sources. Use of renewable feedstock has resulted in lower CO2 emissions footprint as compared to conventional Spandex. Companies are innovating to capture a larger market share.
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Global Spandex market report is segmented based on applications as automotive textile, sportswear, textile and others. Sportswear is the fastest growing applications in this market owing to emerging fashion trends at the global platform.
Renowned brands of Spandex in this industry are Lycra (INVISTA), Elaspan (INVISTA), Acepora (Taekwang), Creora (Hyosung), INVIYA (Indorama Corporation), ROICA and Dorlastan (Asahi Kasei), Linel (Fillattice), ESPA (Toyobo) and NEWSTAR® (Yantai). The report comprehensively assesses the key players of the spandex market.
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Segmentations in Report:
Spandex by Applications:
• Automotive Textile
Spandex By Geography:
• North America
• Asia Pacific
• Latin America
• Middle East And Africa
• Asahi Kasei Corporation
• Bayer AG
• E. I. du Pont de Nemours and Company
• Spandex Corporation Ltd.
• Swan Fiber Co., Ltd.
• The Dow Chemical Company
• Toray Industries, Inc.
• Xinxiang Bailu Chemical Fiber Co., Ltd.
• Yantai Tayho Advanced Materials Corporation Ltd.
• Zhejiang Huafo
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