Global Spandex Market Demand & Forecast Analysis, 2016-2032

Executive Summary : - 

Spandex, also known as Lycra or elastane is a synthetic fiber with polymer base having exceptional elastic properties. Dry spinning, wet spinning, melt extrusion and reactor spinning technology are the various methods used for the manufacturing of spandex of which dry spinning is mostly preferred. Spandex market has witnessed considerable growth over the past few years in apparel and textile industry. It has wide range of applications in clothing, automobile and medical industry. Exhausting movements in active sports which requires garment stretch results in movement restriction for the wearer, this restriction can be cancelled by using spandex material. Factors such as durability, resistance to UV light, superior elasticity, lightweight and regaining to original shape is likely to favour spandex market demand. Growing scope in apparel and textile industry are the major drivers of spandex market.

Asia-Pacific will see the strongest level of demand growth spurred on by China. The consumption of Spandex in China has been increasing, mainly because of increasing demand for active wear and sportswear along with an increasing preference for spandex-based clothing. With increase in disposable income of China s huge population and rise in sporting events and people s interest in their personal fitness, the demand for spandex is also expected to grow. China has the largest and most diverse manufacturing sector and still remains one of the attractive locations for manufacturing and textiles which in turn will create growth for textiles and fibres.

There has been a sharp increase in companies and capacities in all major regions producing spandex. Globally, increase in disposable income, rise in living standard and people s interest in their personal fitness is expected to increase the demands for spandex based clothing in the long-term forecast.