North America Spandex Market to 2032

Q: What is the current market size of the North America Spandex Market?

North America Spandex Market was valued at USD 1.58 (Revenue in USD Million) in 2021.

Overview

The North America Spandex Market is expected to reach a 2.49 USD Million by 2032 and is projected to grow at a CAGR of 7.96% from 2025 to 2032.

Revenue, 2024 (USD Million)

1.58

Forecast, 2032 (USD Million)

2.49

CAGR, 2024 - 2032

7.96%

Report Coverage

North America

North America Spandex Market 2018-2032 USD Million

North America Spandex Market, Key Findings (2025-2032)

Market Growth and Projections:

Market Size (2024): 1.58 USD Million
Projected Market Size (2032): 2.49 USD Million
CAGR (2025-2032): 7.96%

Key Findings of North America Spandex Market

The North America Spandex Market was valued at 1.58 USD Million in 2024.
The North America Spandex Market is likely to grow at a CAGR of 7.96% during the forecast period of 2024 to 2032.
In 2024, the Largest segment Solution Dry-Spinning in Technology Segment accounted for the largest share of the market with a revenue of 1.39 USD Million
The fastest growing segment Clothing in Application Segment grew Fastest with a CAGR of 8.21% during the forecast period from 2024 to 2032.

North America Spandex Market Scope

North America Spandex Market Segmentation & Scope

Application

Medical
Others
Clothing

Technology

Others
Wet-Spinning
Solution Dry-Spinning

North America Spandex Market Data Coverage Insights

Study Period	2024-2032
Base Year	2021
Unit	Revenue in USD Million
Market Value in 2024	1.58 USD Million
Market Value in 2032	2.49 USD Million
CAGR (2025-2032)	7.96%
Historic Data	2016-2023
Market Segments Covered	Application ,Technology

Regional Insights:

Leading Market (2024-2032): North America, leading in terms of revenue 1.58 USD Million in 2024
- Key Country: U.S., leading in terms of revenue with value of 1.06 USD Million in 2024.

Segments and Scope

North America Spandex Market to 2032, By Application
- Clothing is the largest segment in North America Spandex Market to 2032 with a revenue of 0.99 USD Million in the year 2024.
- Clothing is the Fastest growing segment in North America Spandex Market to 2032 with a Growth rate of 8.21 % in forecast period 2025-2032.
North America Spandex Market to 2032, By Technology
- Solution Dry-Spinning is the largest segment in North America Spandex Market to 2032 with a revenue of 1.39 USD Million in the year 2024.
- Solution Dry-Spinning is the Fastest growing segment in North America Spandex Market to 2032 with a Growth rate of 8.08 % in forecast period 2025-2032.

North America Spandex Market Company Share Analysis

Company Name
Asahi Kasei corporation
HYOSUNG
XINXIANG SUNSHINING TEXTILES CO., LTD.
Indorama corporation
Huafon Chemical Co., Ltd.

North America Spandex Market Geographical Sales Distribution, 2018-2032 USD Million

North America Spandex Market Company Profiling

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Frequently Asked Questions

What are the primary segments covered in the North America Spandex Market?

The North America Spandex Market is segmented based on Segmentation Application ,Technology.

What is the current market size of the North America Spandex Market?

North America Spandex Market was valued at USD 1.58(Revenue in USD Million) in 2021.

What is the expected growth rate of the North America Spandex Market?

North America Spandex Market is projected to grow at a CAGR of 7.96% during the forecast period of 2024 to 2032.

Which is the dominating segment in the North America Spandex Market?

The Solution Dry-Spinning segment is expected to dominate the North America Spandex Market, holding a largest market share of 1.39 USD Million in 2024