Global Spandex Fiber Market 2023 by Manufacturers, Regions, Type and Application, Forecast to 2029

This report studies the Spandex Fiber market, Spandex Fiber is a manufactured fiber in which the fiber forming substance is a long-chain synthetic polymer comprised of at least 85% of segmented polyurethane. Spandex fiber is a synthetic fiber known for its exceptional elasticity (stretch ability).
Characteristics of Spandex Fiber:
1. Can be stretched repeatedly and still recover to very near its original length and shape
2. Generally, can be stretched more than 500% without breaking
3. Stronger, more durable and higher retractive force than rubber
4. Lightweight, soft, smooth, supple
5. In garments, provides a combination of comfort and fit, prevents bagging and sagging
6. Heat-settable ﾗ facilitates transforming puckered fabrics into flat fabrics, or flat fabrics into permanent rounded shapes
7. Dyeable
8. Resistant to deterioration by body oils, perspiration, lotions or detergents
9. Abrasion resistant
10. When fabrics containing spandex are sewn, the needle causes little or no damage from ﾓneedle cuttingﾔ compared to the older types of elastic materials
11. Available in fiber diameters range from 10 deniers to 2500 denier
12. Available in clear and opaque lusters.
According to our (Global Info Research) latest study, the global Spandex Fiber market size was valued at USD 5692.9 million in 2022 and is forecast to a readjusted size of USD 8204.2 million by 2029 with a CAGR of 5.4% during review period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Global Spandex Fiber key players include Hyosung Corporation, Zhejiang Huafon Spandex Co. Ltd., ZheJiang Huahai Machinery Group, Highsun Group, Xinxiang Bailu Chemical Fibre Group Co. Ltd., etc. Global top five players hold a share about 55%.
China is the largest market, with a share about 60%, followed by North America and Europe, having a total share about 15 percent.
In terms of product, Solution Dry Spinning is the largest segment, with a share about 80%. And in terms of application, the largest application is Apparel and Clothing, followed by Medical and Healthcare, etc.
This report is a detailed and comprehensive analysis for global Spandex Fiber market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2023, are provided.
Key Features:
Global Spandex Fiber market size and forecasts, in consumption value ($ Million), sales quantity (K MT), and average selling prices (USD/MT), 2018-2029
Global Spandex Fiber market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K MT), and average selling prices (USD/MT), 2018-2029
Global Spandex Fiber market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K MT), and average selling prices (USD/MT), 2018-2029
Global Spandex Fiber market shares of main players, shipments in revenue ($ Million), sales quantity (K MT), and ASP (USD/MT), 2018-2023
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Spandex Fiber
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Spandex Fiber market based on the following parameters - company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Hyosung Corporation, Zhejiang Huafon Spandex Co. Ltd., Invista, ZheJiang Huahai Machinery Group and Highsun Group, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, COVID-19 and Russia-Ukraine War Influence.
Market Segmentation
Spandex Fiber market is split by Type and by Application. For the period 2018-2029, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
    Solution Dry Spinning
    Solution Wet Spinning
    Others
Market segment by Application
    Apparel and Clothing
    Medical and Healthcare
    Others
Major players covered
    Hyosung Corporation
    Zhejiang Huafon Spandex Co. Ltd.
    Invista
    ZheJiang Huahai Machinery Group
    Highsun Group
    Xinxiang Bailu Chemical Fibre Group Co. Ltd.
    Asahi Kasei Corporation
    Yantai Tayho Advanced Materials Co. Ltd.
    Jiangsu Shuangliang Spandex Co., Ltd.
    Taekwang Industrial Co. Ltd.
    TK Chemical Corporation
    Xiamen Lilong Spandex Co., Ltd.
    Indorama Corporation
    Toray Industries
    Shandong Ruyi
Market segment by region, regional analysis covers
    North America (United States, Canada and Mexico)
    Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
    Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
    South America (Brazil, Argentina, Colombia, and Rest of South America)
    Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Spandex Fiber product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Spandex Fiber, with price, sales, revenue and global market share of Spandex Fiber from 2018 to 2023.
Chapter 3, the Spandex Fiber competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Spandex Fiber breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2018 to 2029.
Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2018 to 2029.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2022.and Spandex Fiber market forecast, by regions, type and application, with sales and revenue, from 2024 to 2029.
Chapter 12, market dynamics, drivers, restraints, trends, Porters Five Forces analysis, and Influence of COVID-19 and Russia-Ukraine War.
Chapter 13, the key raw materials and key suppliers, and industry chain of Spandex Fiber.
Chapter 14 and 15, to describe Spandex Fiber sales channel, distributors, customers, research findings and conclusion.