Global Spandex Market is Expected to Grow at 5.9% in the Forecast Period of 2022 to 2029


The Global Spandex Market is forecasted to grow at 5.9%, with significant demand for sports and activewear being an important driver for the global spandex market. A rapidly growing population combined with rising consumer disposable income is expected to propel the demand for sports and activewear, leading to the growth of the global spandex market.

The major restraint that may negatively impact the global spandex market is the increasing threat of substitutes such as natural rubber latex (NRL), polybutylene terephthalate (PBT), and relatively slower economic growth in certain regions.

Global Spandex Market Scenario

According to Data Bridge Market Research, the spandex market in Asia-Pacific has the highest market share. The market leader is Huafon Chemical Co., Ltd., which accounts for an estimated market share of 23.03% in the global spandex market. The company has gained outstanding sale through innovative product development for various industries.

  • In October 2021, Huafon Chemical combined with five well-known domestic yarn and fabric suppliers. It brought the forum with the theme "New Materials, New Life-Display of Recent Achievements in Qianxi Spandex Research and Development" for downstream enterprise representatives, brands, and purchasers of an industrial chain.

Spandex Market Trends Impacting the Market

Now the question is which other regions Huafon Chemical Co., Ltd., HYOSUNG TNC, Asahi Kasei Corporation are targeting? Data Bridge Market Research has forecast a large growth in the Asia-Pacifc spandex market, and the market leaders are targeting other regions to be their next revenue pockets for 2022.

The global spandex market is becoming more competitive every year with companies such as regions Huafon Chemical Co., Ltd., HYOSUNG TNC, Asahi Kasei Corporation as they are the market leaders for spandex. The data bridge market research reports highlight the major growth factors and opportunities in the global spandex market.

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Global Spandex Market Development

  • In December 2021, ZOLL Medical Corporation (ZOLL), an Asahi Kasei company, acquired Itamar Medical Ltd. (Itamar Medical), an Israeli medical device manufacturer. ZOLL subsidiaries to Asahi Kasei focus on the continuity of Itamar Medical's business while using ZOLL's global infrastructure and strong brand to accelerate and expand growth opportunities.

Scope of the Global Spandex Market

The countries covered in the global spandex market report are segmented into North America, South America, Asia-Pacific, Europe, the Middle East and Africa. North America is segmented into U.S., Canada, and Mexico. Europe is segmented into Germany, the U.K., Italy, France, Spain, Russia, Switzerland, Turkey, Belgium, Netherlands, Luxemburg, and the Rest of Europe. Asia-Pacific is segmented into Japan, China, South Korea, India, Singapore, Thailand, Indonesia, Malaysia, Philippines, Australia, New Zealand, and the Rest of Asia-Pacific. South America is segmented into Brazil, Argentina, and the Rest of South America. The Middle East and Africa is segmented into South Africa, Egypt, Saudi Arabia, United Arab Emirates, Israel, and the Rest of the Middle East and Africa.

The global spandex market is segmented based on technology and application. Based on technology, the global spandex market is segmented into solution dry-spinning, wet-spinning, and others. Based on application, the global spandex market is segmented into clothing, medical, and others

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Key Pointers Covered in Global Spandex Market Industry Trends and Forecast to 2029

  • Market Size
  • Market Standards and Changes
  • Market Trials in Different Regions
  • Market Requirements in Different Regions
  • Market Shares in Different Regions
  • Recent Developments for Market Competitors
  • Recent Market Value for Different regions
  • Sales Data for Market Competitors
  • Key Vendors and Disruptors Study
  • Supply Chain Competiveness

Key Market Competitors Covered in the Report

  • Huafon Chemical Co., Ltd.
  • Yantai Tayho Advanced Materials Co.,Ltd
  • Xiamen Lilong Spandex Co., Ltd.
  • Asahi Kasei Corporation.
  • Xinxiang Sunshining Ecotex Clothes Co.,Ltd
  • Mitsubishi Chemical Corporation
  • Jiangsu Shuangliang spandex Co., Ltd
  • Indorama Corporation

Above are the key players covered in the report, to know about more and exhaustive list of global spandex market, contact us

Research Methodology: Global Spandex Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Primary Respondents

  • Demand Side: End Industries
  • Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.

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