Middle East and Africa Spandex Market, By Technology (Solution Dry-Spinning, Wet-Spinning and Others), Application (Clothing, Medical, and Others), Country (South Africa, Egypt, Saudi Arabia, U.A.E., Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2029.
Market Analysis and Insights: Middle East and Africa Spandex Market
Middle East and Africa spandex market is expected to grow in the forecast period of 2022 to 2029. Data Bridge Market Research analyses that the market is growing at a CAGR of 5.1% in the forecast period of 2022 to 2029 and is expected to reach USD 389,038.29 thousand by 2029.
Spandex fiber, also known as Lycra or elastane, is a long-chain polyurethane-polyurea copolymer composed of flexible macro-glycol segments and rigid di-isocyanate segments arranged in a specific order. The fiber is characterized by its exceptional elastic and recovery properties. These characteristics entail its wide-scale use across diverse applications in textile, clothing, and healthcare industries. Some prominent areas of application for spandex fibers include sportswear, casual clothing, undergarments, and home furnishings. Healthcare applications of spandex fiber include compression stockings, hoses, diapers, and bandages,.
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 spandex market.
The major restrain that may negatively impact the 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.
Increasing development of innovation in spandex fibers is expected to provide opportunity in the spandex market. However, high price volatility in raw petroleum-based materials is projected to challenge the spandex market growth.
This Middle East and Africa spandex market report provide details of market share, new developments, and product pipeline analysis, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario, contact us for an Analyst Brief; our team will help you create a revenue impact solution to achieve your desired goal.
Middle East and Africa Spandex Market Scope and Market Size
Middle East and Africa spandex market is segmented into two segments based on technology and application. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- Based on technology, the spandex market is segmented into solution dry-spinning, wet-spinning, and others. In 2022, the solution dry-spinning is expected to dominate the spandex market due to the increasing productivity of the spandex, which will help the manufacturer satisfy the increasing spandex demand in the region.
- Based on application, the spandex market is segmented into clothing, medical, and others. In 2022, the clothing segment is expected to dominate the spandex market due to the rising demand for stretch, fit, and comfort in daily wear in the region.
Spandex Market Country Level Analysis
The market is analyzed, and market size information is provided by technology and application.
The countries covered in the spandex market report are South Africa, Egypt, Saudi Arabia, United Arab Emirates, Israel, and the Rest of the Middle East and Africa.
- In 2022, United Arab Emirate is expected to dominate the spandex market due to the high disposable income of consumers, which help create more awareness about spandex comfort products.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts, and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of sales channels are considered while providing forecast analysis of the country data.
Positive Outlook towards Activewear Segment
Middle East and Africa spandex market also provides you with detailed market analysis for every country's growth in the installed base of different kinds of products for the market, the impact of technology using lifeline curves and changes in spandex regulatory scenarios, and their impact on the spandex market. The data is available for the historical period 2010 to 2020.
Competitive Landscape and Middle East and Africa Spandex Market Share Analysis
Middle East and Africa spandex market competitive landscape provide details by the competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, company strengths and weaknesses, product launch, clinical trials pipelines, brand analysis, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the company’s focus related to the spandex market.
The major players covered in the report are HYOSUNG TNC, Asahi Kasei Corporation., Xinxiang Sunshining Ecotex Clothes Co.,Ltd, Jiangsu Shuangliang spandex Co., Ltd, Indorama Corporation, TORAY INDUSTRIES, INC. other domestic and global players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
For instance,
- In December 2021, Asahi Kasei Medical Co., Ltd. acquired Bionique Testing Laboratories LLC, a leader in mycoplasma testing services for the biotherapeutics and life-sciences industries. The acquisition expands Asahi Kasei Medical's biosafety contract testing business.
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