Global Spandex Market (Value, Volume): Analysis By Production Process (Dry Spinning, Wet Spinning), By Application (Textile, Medical Care, Others), By Region, By Country (2018 Edition): Opportunities and Forecast (2013-2023)

Date: 1 November 2018

Globally, the market for Spandex has been growing with a swift pace on the back of growing population across the globe. Spandex is gaining more demand due to rise in old age population of developed nations of North America, Europe, and Asia-Pacific which drive the global spandex market growth. Spandex is a manufactured fiber in which the fiber-forming substance is a long chain synthetic polymer comprising at least 85% of segmented polyurethane. This fiber, also known as elastane, is a synthetic long-chain polyurethane-polyurea copolymer composed of rigid diisocyanate segments and flexible macro-glycol segments arranged in a specific order. Growing number of applications of spandex in textile and medical care is promoting the growth. Asia- Pacific dominates the market in terms of volume & growth due to massive demand in China, Japan and Korea. 

According to Azoth Analytics research report “Global Spandex Market (Value, Volume): Analysis By Production Process (Dry Spinning, Wet Spinning), By Application (Textile, Medical Care, Others), By Region, By Country (2018 Edition): Opportunities and Forecast (2013-2023)” global market value is projected to display a robust growth represented by a CAGR of 9.56%during 2018 – 2023.

Increasing   population in emerging economies is observed to be a major driving force for Global Spandex market growth and is expected to be same in future as well. Moreover, increasing demand of athleisure wear owing to growth in population and growing consumer interest towards more comfortable clothes for office as well as for gym is likely to drive spandex market. Amongst the region, APAC accounts for the largest share in the global market in 2017. Growing population & industrial sector is anticipated to increase the spandex market. The demand for spandex is expected rise substantially in the coming years due to the growing old age population and rising healthcare expenditure. 

The report titled “Global Spandex Market (Value, Volume): Analysis By Production Process (Dry Spinning, Wet Spinning), By Application (Textile, Medical Care, Others), By Region, By Country (2018 Edition): Opportunities and Forecast (2013-2023)” has covered and analyzed the potential of Global Spandex Market and provides statistics and information on market size, shares and growth factors. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyses the emerging trends along with major drivers, challenges and opportunities in the global spandex market.

A comprehensive research report created through extensive primary research (inputs from industry experts, companies, stakeholders) and secondary research, the report aims to present the analysis of Global Spandex Market.  The report analyses the Spandex Market By Production Process (Dry Spinning and Wet Spinning) and By Applications (Textile, Medical Care and Others). The report assesses the Spandex Market for the Regions (North America, Europe, Asia Pacific, Rest of the World) and By Country (U.S., Canada, United Kingdom, France, Germany, France, China, South Korea, and Japan) for the actual period of 2013-2017 and for the forecast period of 2018-2023.

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