Spandex Fiber Market Size 2025-2029
The spandex fiber market size is forecast to increase by USD 4.5 billion, at a CAGR of 7.5% between 2024 and 2029.
The spandex fiber market is expanding, largely due to its increasing use in the automotive industry as a superior substitute for rubber in components like vehicle wraps and seat covers. This driver aligns with a growing consumer preference for high performance fibers and materials that offer durability and lightness. In parallel, the bicomponent fiber market is influenced by the trend of integrating spandex into competitive swimming and cycling apparel, meeting the demand for freedom of movement in sportswear. However, the material's propensity to cause skin allergies presents a notable challenge, as its moisture-retaining nature can lead to irritation and other dermatological issues, affecting consumer adoption.These market dynamics are shaping the development of next-generation materials, including innovations in the polyester staple fiber (PSF) sector where blending enhances fabric properties. The rising demand for functional sportswear is a clear indicator of market direction, influencing the woven fiberglass fabric market and its approach to composite materials. As government campaigns encourage participation in sports, the need for comfortable and high-performing activewear grows. This context frames the industry's challenge: balancing the performance benefits of spandex, crucial for the fiber based packaging market applications in industrial settings, against the necessity of addressing health concerns like skin sensitivity to ensure broad market acceptance and continued growth.
What will be the Size of the Spandex Fiber Market during the forecast period?
Explore in-depth regional segment analysis with market size data - historical 2019 - 2023 and forecasts 2025-2029 - in the full report.
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The market's trajectory is defined by continuous material science advancements, moving beyond traditional dry spinning processes toward more sustainable methods. Innovations in chemical depolymerization are enabling true textile-to-textile recycling, creating a closed-loop system for post-consumer textile recycling. This intersects with the development of bio-derived spandex, where research into microbial conversion processes is unlocking new pathways for producing precursors from biomass. This evolution in the high performance fibers space is fundamentally altering the value chain, from raw material sourcing to end-of-life management, influencing the broader spandex fiber market.Concurrently, application engineering is adapting to new performance and sustainability benchmarks, impacting sectors like the polyester staple fiber (PSF) industry. The technical requirements for compression garment technology are becoming more stringent, demanding precise stretch and recovery metrics. In the automotive sector, the use of spandex fiber extends beyond aesthetics to functional performance in components. This diversification reflects an industry-wide push to leverage the unique elastomeric properties of synthetic fibers in novel, high-value applications, steering the natural fiber composites market toward hybrid material solutions that combine performance with environmental benefits.
How is this Spandex Fiber Industry segmented?
The spandex fiber industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2025-2029, as well as historical data from 2019 - 2023 for the following segments.
- Application
- Apparel and clothing
- Medical
- Others
- Material type
- Synthetic polyurethane
- Recycled spandex
- Bio-based spandex
- End-user
- Textile and fashion
- Sports and activewear
- Compression and medical garments
- Geography
- APAC
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- North America
- Europe
- Germany
- UK
- France
- Italy
- Spain
- The Netherlands
- South America
- Middle East and Africa
- Rest of World (ROW)
By Application Insights
The apparel and clothing segment is estimated to witness significant growth during the forecast period.
The apparel and clothing segment remains the primary consumer of spandex fiber, driven by the material's essential flexibility and its ability to enhance comfort and fit. Its integration is critical in activewear and sportswear, where freedom of movement is paramount. While niche markets contribute under 5% to geographic opportunities, the core apparel segment remains central to overall demand. The growth is further supported by the rising popularity of athleisure, which blends athletic and everyday fashion.
Changing fashion trends and a growing consumer preference for comfortable clothing are sustaining demand in this segment. The evolution of bio-based spandex, such as those made from renewable butanediol, is also positively influencing market dynamics by appealing to environmentally conscious consumers. Spandex is typically blended with other fibers like cotton or polyester, and its durability and shape retention properties make it ideal for intimate apparel and hosiery, further cementing its role in the industry.
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The Apparel and clothing segment was valued at USD 6.0 billion in 2019 and showed a gradual increase during the forecast period.
Regional Analysis
APAC is estimated to contribute 49.0% to the growth of the global market during the forecast period.Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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The APAC region stands as the dominant force in the global spandex fiber market, functioning as both a major production hub and a massive consumer. Growth in APAC is propelled by countries like India and China, where rising disposable incomes and a burgeoning middle class are fueling demand for high-quality apparel and sportswear. The expansion of e-commerce platforms across the region has also significantly improved consumer access to a wide array of spandex-based products, further stimulating market growth.
This region's leadership is contrasted with smaller growth markets, such as one that accounts for just over 3% of global opportunities, highlighting APAC's central role. A strong focus on sustainable manufacturing practices is also becoming a key driver in APAC. As manufacturers increasingly adopt eco-friendly materials and processes, they are better positioned to cater to the growing global demand for sustainable textiles, reinforcing the region's strategic importance in the supply chain.
Market Dynamics
Our researchers analyzed the data with 2024 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The Global Spandex Fiber Market for apparel continues its expansion, driven largely by the booming Global Spandex Fiber Market for sportswear, where polyurethane-based fiber performance is paramount. Concurrently, the Global Spandex Fiber Market for medical textiles is growing, highlighting the material's versatility. Understanding the intricacies of the Global Spandex Fiber Market manufacturing process, which increasingly involves advanced dry spinning techniques, is crucial for stakeholders and OEMs navigating the complex Global Spandex Fiber Market supply chain. The excellent elastomeric properties of synthetic fibers like spandex are rigorously evaluated against industry-wide stretch and recovery testing standards. Key considerations include the impact of feedstock prices on spandex and ensuring high chlorine resistance in performance fabrics.In response to market demands, sustainability initiatives in fiber manufacturing are gaining traction, with a significant focus on bio-based spandex fiber development and recycled spandex fiber innovation. These efforts are aimed at reducing water consumption in production and improving textile lifecycles. Further innovation is seen in spandex blending with natural fibers to enhance comfort. Beyond apparel, new opportunities are emerging, such as specialized applications in automotive interiors and the growing market for high-denier spandex yarns. The critical role in compression and medical garments continues to evolve, while innovation in dyeable spandex fibers addresses challenges in creating vibrant, color-fast elastic textiles.
What are the key market drivers leading to the rise in the adoption of Spandex Fiber Industry?
- The expanding application of spandex fiber within the automotive industry is a significant factor driving market growth.
The increasing utilization of spandex fiber in the automotive sector serves as a primary growth catalyst. Valued for its quality, lightness, and adaptability, it is progressively replacing natural and synthetic rubber in various industrial applications. Within vehicles, its non-absorbent nature makes it suitable for protective garments and interior components. A significant portion of this demand is for items like door panels, car seat covers, and vehicle wraps. This adoption is further supported by stringent government regulations mandating safety features such as seat belts, which often incorporate elastic materials for comfort and effectiveness. A single region is projected to contribute 49% of the total growth, underscoring the concentrated nature of this industrial demand.A continuous wave of innovative product introductions is another key factor shaping the market landscape. These launches often focus on enhancing material properties or introducing sustainable alternatives to traditional spandex. Development efforts are centered on creating fibers with specialized characteristics, such as improved heat resistance, enhanced dyeability, or antimicrobial features. The introduction of recycled spandex yarn and bio-derived spandex variants addresses the growing consumer and regulatory pressure for environmentally responsible products. This focus on product differentiation allows manufacturers to target high-value niches and command premium pricing, moving the competitive basis from purely cost to include performance and sustainability metrics.
What are the market trends shaping the Spandex Fiber Industry?
- The increasing integration of spandex fiber into swimming and sports apparel is a prominent upcoming market trend.
The rising integration of spandex fiber into competitive swimming and cycling apparel is a significant market trend. This is driven by consumer demand for high-performance sportswear that offers maximum flexibility and freedom of movement, where the material's excellent stretch and recovery are paramount. Various government campaigns promoting youth participation in water-related and other sporting activities are amplifying this demand. Mature markets, with one representing over 21% of the geographic opportunity, are at the forefront of this trend, as health-conscious millennials increasingly incorporate activities like swimming and cycling into their routines, driving sales of specialized activewear within the broader bio-based fibre market.A parallel trend gaining momentum is the industry-wide focus on increasing sustainability initiatives in fiber production, a movement influencing the entire eco fiber market. This involves a shift away from traditional petrochemical-based manufacturing toward processes that utilize renewable resources and circular economy principles. Innovations in sustainable fiber production include the development of bio-derived spandex from corn-based butanediol and the scaling of recycled spandex yarn from pre- and post-consumer textile waste. These efforts not only reduce the environmental footprint of the final product but also cater to a growing segment of environmentally conscious consumers and brands, creating a distinct competitive advantage.
What challenges does the Spandex Fiber Industry face during its growth?
- A key challenge impacting industry growth is the higher potential for spandex fabrics to trigger skin allergies.
A significant challenge facing the market is the higher possibility of spandex triggering skin allergies, an issue that could temper adoption rates. Because the polymer fabric does not absorb sweat, retained moisture can enable allergens to penetrate the skin more deeply. The manufacturing of this elastomeric fiber technology involves harmful chemicals and dyes that may be released onto the skin during perspiration, leading to contact dermatitis or other allergic reactions. This concern is particularly relevant in applications involving prolonged skin contact, such as activewear and intimate apparel, impacting adoption in key consumer markets, including one that represents over 21% of global opportunities.The market also contends with the challenge of fluctuating prices for spandex fiber, which introduces significant volatility for both manufacturers and their customers. This price instability is directly linked to the industry's petrochemical dependency, as the cost of key raw materials like polytetramethylene ether glycol and methyl diphenyl diisocyanate is tied to the volatile global crude oil market. This feedstock price volatility can compress profit margins and complicates long-term planning and pricing strategies. Textile mills and apparel brands, in turn, face uncertainty, which can lead them to explore synthetic polyurethane alternatives or blends to mitigate financial risk.
Exclusive Customer Landscape
The spandex fiber market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the spandex fiber market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Key Companies & Market Insights
Companies are implementing various strategies, such as strategic alliances, spandex fiber market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
Asahi Kasei Corp. - The market's core offering comprises high-performance elastomeric fibers engineered for exceptional stretch, recovery, and durability. These materials are available in a wide range of deniers and can be customized with properties such as chlorine resistance, heat tolerance, and enhanced dyeability to meet specific textile manufacturing requirements. Innovations focus on delivering superior comfort, shape retention, and longevity in finished garments across diverse applications, including activewear, intimate apparel, and medical textiles. Additionally, offerings are expanding to include sustainable variants, such as fibers derived from recycled or bio-based sources, to address growing environmental considerations without compromising performance.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
- Asahi Kasei Corp.
- BASF SE
- Highsun Holding Group
- Huafon Group Co. Ltd.
- Hyosung Corp.
- Indorama Corp.
- INVISTA Equities, LLC
- INVIYA
- Radici Partecipazioni Spa
- Taekwang Industrial Co. Ltd.
- TK Chemical Co. Ltd.
- Toray Industries Inc.
- Xiamen Lilong Spandex Co. Ltd.
- Yantai Tayho Advanced Materials Co. Ltd.
- Zhejiang Huafon Spandex Co. Ltd
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Recent Development and News in Spandex Fiber Market
In May 2024, Hyosung TNC announced an expansion of its spandex production facilities in India to increase the output of materials specifically for diapers, with the new capacity expected to be operational by February 2025.In February 2024, BASF announced a significant cost-saving program impacting its Ludwigshafen site, aiming to reduce costs by over EUR 1 billion by the end of 2026, a move that affects the operational landscape for its chemical intermediates production.In January 2024, Asahi Kasei introduced ROICA V550, a new stretch yarn developed to offer excellent elongation and recovery while being engineered to degrade under specific end-of-life conditions without releasing harmful substances.
Research Analyst Overview
The global spandex fiber market continues to evolve through advancements in elastomeric fiber technology. The core production relies on polyurethane chemistry, where a polyol precursor like polytetramethylene ether glycol reacts with a diisocyanate raw material, primarily methyl diphenyl diisocyanate. This reaction, often achieved through continuous polymerization, is followed by the dry spinning process to create the fibers. The resulting spandex fiber properties, such as high elongation properties and excellent stretch recovery, are fundamental. Innovations are yielding specialized variants like chlorine resistant spandex and heat resistant fiber with antistatic fiber properties. The final fabric performance is heavily dependent on manipulating the yarn denier range and the precise textile blending ratio to meet specific end-use requirements for stretch and comfort.The breadth of spandex fiber applications demonstrates its functional versatility, with the industry expecting an expansion of over 6% in demand. From performance sportswear fabric and athleisure apparel design to medical textile applications using compression garment technology, its utility is extensive. It is integral to intimate apparel construction, hosiery manufacturing, automotive textile use, and industrial protective garments. Performance is measured by the fabric stretchability metric, garment shape retention, moisture wicking properties, and needle cutting damage resistance. Concurrently, a shift toward sustainable fiber production is evident, embracing circular economy principles. This includes developing bio-derived spandex from renewable butanediol, such as corn-derived butanediol, and creating recycled spandex yarn via pre-consumer waste recycling and post-consumer textile recycling technologies like chemical depolymerization, mechanical recycling process, and textile-to-textile recycling.
Dive into Technavio’s robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Spandex Fiber Market insights. See full methodology.
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Market Scope
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Report Coverage
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Details
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Page number
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286
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Base year
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2024
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Historic period
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2019 - 2023 |
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Forecast period
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2025-2029
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Growth momentum & CAGR
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Accelerating at a CAGR of 7.5%
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Market growth 2024-2029
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USD 4.5 billion
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Market structure
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Fragmented
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YoY growth 2024-2029(%)
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6.9%
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Key countries
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China, Japan, India, South Korea, Australia, Indonesia, US, Canada, Mexico, Germany, UK, France, Italy, Spain, The Netherlands, Brazil, Argentina, Chile, Saudi Arabia, UAE, South Africa, Israel, Turkey
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Competitive landscape
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Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks
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What are the Key Data Covered in this Spandex Fiber Market Research and Growth Report?
- CAGR of the Spandex Fiber industry during the forecast period
- Detailed information on factors that will drive the growth and forecasting between 2024 and 2029
- Precise estimation of the size of the market and its contribution of the industry in focus to the parent market
- Accurate predictions about upcoming growth and trends and changes in consumer behaviour
- Growth of the market across APAC, North America, Europe, South America, Middle East and Africa
- Thorough analysis of the market’s competitive landscape and detailed information about companies
- Comprehensive analysis of factors that will challenge the spandex fiber market growth of industry companies
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1 Executive Summary
- 1 Executive Summary
- 1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Global Market Characteristics
- Executive Summary - Chart on Market by Geography
- Executive Summary - Chart on Market Segmentation by Application
- Executive Summary - Chart on Market Segmentation by Material Type
- Executive Summary - Chart on Market Segmentation by End-user
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- Executive Summary - Chart on Company Market Positioning
2 Technavio Analysis
- 2 Technavio Analysis
- 2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- 2.2 Criticality of inputs and Factors of differentiation
- Chart on Overview on criticality of inputs and factors of differentiation
- 2.3 Factors of disruption
- Chart on Overview on factors of disruption
- 2.4 Impact of drivers and challenges
- Chart on Impact of drivers and challenges in 2024 and 2029
3 Market Landscape
- 3 Market Landscape
- 3.1 Market ecosystem
- Chart on Parent Market
- Data Table on - Parent Market
- 3.2 Market characteristics
- Chart on Market characteristics analysis
- 3.3 Value chain analysis
- Chart on Value chain analysis
4 Market Sizing
- 4 Market Sizing
- 4.1 Market definition
- Data Table on Offerings of companies included in the market definition
- 4.2 Market segment analysis
- 4.3 Market size 2024
- 4.4 Market outlook: Forecast for 2024-2029
- Chart on Global - Market size and forecast 2024-2029 ($ billion)
- Data Table on Global - Market size and forecast 2024-2029 ($ billion)
- Chart on Global Market: Year-over-year growth 2024-2029 (%)
- Data Table on Global Market: Year-over-year growth 2024-2029 (%)
5 Historic Market Size
- 5 Historic Market Size
- 5.1 Global Spandex Fiber Market 2019 - 2023
- Historic Market Size - Data Table on Global Spandex Fiber Market 2019 - 2023 ($ billion)
- 5.2 Application segment analysis 2019 - 2023
- Historic Market Size - Application Segment 2019 - 2023 ($ billion)
- 5.3 Material Type segment analysis 2019 - 2023
- Historic Market Size - Material Type Segment 2019 - 2023 ($ billion)
- 5.4 End-user segment analysis 2019 - 2023
- Historic Market Size - End-user Segment 2019 - 2023 ($ billion)
- 5.5 Geography segment analysis 2019 - 2023
- Historic Market Size - Geography Segment 2019 - 2023 ($ billion)
- 5.6 Country segment analysis 2019 - 2023
- Historic Market Size - Country Segment 2019 - 2023 ($ billion)
6 Qualitative Analysis
- 6 Qualitative Analysis
- 6.1 Impact of AI on Global Spandex Fiber Market
7 Five Forces Analysis
- 7 Five Forces Analysis
- 7.1 Five forces summary
- Five forces analysis - Comparison between 2024 and 2029
- 7.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2024 and 2029
- 7.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2024 and 2029
- 7.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2024 and 2029
- 7.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2024 and 2029
- 7.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2024 and 2029
- 7.7 Market condition
- Chart on Market condition - Five forces 2024 and 2029
8 Market Segmentation by Application
- 8 Market Segmentation by Application
- 8.1 Market segments
- Chart on Application - Market share 2024-2029 (%)
- Data Table on Application - Market share 2024-2029 (%)
- 8.2 Comparison by Application
- Chart on Comparison by Application
- Data Table on Comparison by Application
- 8.3 Apparel and clothing - Market size and forecast 2024-2029
- Chart on Apparel and clothing - Market size and forecast 2024-2029 ($ billion)
- Data Table on Apparel and clothing - Market size and forecast 2024-2029 ($ billion)
- Chart on Apparel and clothing - Year-over-year growth 2024-2029 (%)
- Data Table on Apparel and clothing - Year-over-year growth 2024-2029 (%)
- 8.4 Medical - Market size and forecast 2024-2029
- Chart on Medical - Market size and forecast 2024-2029 ($ billion)
- Data Table on Medical - Market size and forecast 2024-2029 ($ billion)
- Chart on Medical - Year-over-year growth 2024-2029 (%)
- Data Table on Medical - Year-over-year growth 2024-2029 (%)
- 8.5 Others - Market size and forecast 2024-2029
- Chart on Others - Market size and forecast 2024-2029 ($ billion)
- Data Table on Others - Market size and forecast 2024-2029 ($ billion)
- Chart on Others - Year-over-year growth 2024-2029 (%)
- Data Table on Others - Year-over-year growth 2024-2029 (%)
- 8.6 Market opportunity by Application
- Market opportunity by Application ($ billion)
- Data Table on Market opportunity by Application ($ billion)
9 Market Segmentation by Material Type
- 9 Market Segmentation by Material Type
- 9.1 Market segments
- Chart on Market Segmentation by Material Type - Market share 2024-2029 (%)
- Data Table on Market Segmentation by Material Type - Market share 2024-2029 (%)
- 9.2 Comparison by Market Segmentation by Material Type
- Chart on Comparison by Market Segmentation by Material Type
- Data Table on Comparison by Market Segmentation by Material Type
- 9.3 Synthetic polyurethane - Market size and forecast 2024-2029
- Chart on Synthetic polyurethane - Market size and forecast 2024-2029 ($ billion)
- Data Table on Synthetic polyurethane - Market size and forecast 2024-2029 ($ billion)
- Chart on Synthetic polyurethane - Year-over-year growth 2024-2029 (%)
- Data Table on Synthetic polyurethane - Year-over-year growth 2024-2029 (%)
- 9.4 Recycled spandex - Market size and forecast 2024-2029
- Chart on Recycled spandex - Market size and forecast 2024-2029 ($ billion)
- Data Table on Recycled spandex - Market size and forecast 2024-2029 ($ billion)
- Chart on Recycled spandex - Year-over-year growth 2024-2029 (%)
- Data Table on Recycled spandex - Year-over-year growth 2024-2029 (%)
- 9.5 Bio-based spandex - Market size and forecast 2024-2029
- Chart on Bio-based spandex - Market size and forecast 2024-2029 ($ billion)
- Data Table on Bio-based spandex - Market size and forecast 2024-2029 ($ billion)
- Chart on Bio-based spandex - Year-over-year growth 2024-2029 (%)
- Data Table on Bio-based spandex - Year-over-year growth 2024-2029 (%)
- 9.6 Market opportunity by Market Segmentation by Material Type
- Market opportunity by Market Segmentation by Material Type ($ billion)
- Data Table on Market opportunity by Market Segmentation by Material Type ($ billion)
10 Market Segmentation by End-user
- 10 Market Segmentation by End-user
- 10.1 Market segments
- Chart on End-user - Market share 2024-2029 (%)
- Data Table on End-user - Market share 2024-2029 (%)
- 10.2 Comparison by End-user
- Chart on Comparison by End-user
- Data Table on Comparison by End-user
- 10.3 Textile and fashion - Market size and forecast 2024-2029
- Chart on Textile and fashion - Market size and forecast 2024-2029 ($ billion)
- Data Table on Textile and fashion - Market size and forecast 2024-2029 ($ billion)
- Chart on Textile and fashion - Year-over-year growth 2024-2029 (%)
- Data Table on Textile and fashion - Year-over-year growth 2024-2029 (%)
- 10.4 Sports and activewear - Market size and forecast 2024-2029
- Chart on Sports and activewear - Market size and forecast 2024-2029 ($ billion)
- Data Table on Sports and activewear - Market size and forecast 2024-2029 ($ billion)
- Chart on Sports and activewear - Year-over-year growth 2024-2029 (%)
- Data Table on Sports and activewear - Year-over-year growth 2024-2029 (%)
- 10.5 Compression and medical garments - Market size and forecast 2024-2029
- Chart on Compression and medical garments - Market size and forecast 2024-2029 ($ billion)
- Data Table on Compression and medical garments - Market size and forecast 2024-2029 ($ billion)
- Chart on Compression and medical garments - Year-over-year growth 2024-2029 (%)
- Data Table on Compression and medical garments - Year-over-year growth 2024-2029 (%)
- 10.6 Market opportunity by End-user
- Market opportunity by End-user ($ billion)
- Data Table on Market opportunity by End-user ($ billion)
11 Customer Landscape
- 11 Customer Landscape
- 11.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
12 Geographic Landscape
- 12 Geographic Landscape
- 12.1 Geographic segmentation
- Chart on Market share by geography 2024-2029 (%)
- Data Table on Market share by geography 2024-2029 (%)
- 12.2 Geographic comparison
- Chart on Geographic comparison
- Data Table on Geographic comparison
- 12.3 APAC - Market size and forecast 2024-2029
- Chart on APAC - Market size and forecast 2024-2029 ($ billion)
- Data Table on APAC - Market size and forecast 2024-2029 ($ billion)
- Chart on APAC - Year-over-year growth 2024-2029 (%)
- Data Table on APAC - Year-over-year growth 2024-2029 (%)
- Chart on Regional Comparison - APAC
- Data Table on Regional Comparison - APAC
- 12.3.1 China - Market size and forecast 2024-2029
- Chart on China - Market size and forecast 2024-2029 ($ billion)
- Data Table on China - Market size and forecast 2024-2029 ($ billion)
- Chart on China - Year-over-year growth 2024-2029 (%)
- Data Table on China - Year-over-year growth 2024-2029 (%)
- 12.3.2 Japan - Market size and forecast 2024-2029
- Chart on Japan - Market size and forecast 2024-2029 ($ billion)
- Data Table on Japan - Market size and forecast 2024-2029 ($ billion)
- Chart on Japan - Year-over-year growth 2024-2029 (%)
- Data Table on Japan - Year-over-year growth 2024-2029 (%)
- 12.3.3 India - Market size and forecast 2024-2029
- Chart on India - Market size and forecast 2024-2029 ($ billion)
- Data Table on India - Market size and forecast 2024-2029 ($ billion)
- Chart on India - Year-over-year growth 2024-2029 (%)
- Data Table on India - Year-over-year growth 2024-2029 (%)
- 12.3.4 South Korea - Market size and forecast 2024-2029
- Chart on South Korea - Market size and forecast 2024-2029 ($ billion)
- Data Table on South Korea - Market size and forecast 2024-2029 ($ billion)
- Chart on South Korea - Year-over-year growth 2024-2029 (%)
- Data Table on South Korea - Year-over-year growth 2024-2029 (%)
- 12.3.5 Australia - Market size and forecast 2024-2029
- Chart on Australia - Market size and forecast 2024-2029 ($ billion)
- Data Table on Australia - Market size and forecast 2024-2029 ($ billion)
- Chart on Australia - Year-over-year growth 2024-2029 (%)
- Data Table on Australia - Year-over-year growth 2024-2029 (%)
- 12.3.6 Indonesia - Market size and forecast 2024-2029
- Chart on Indonesia - Market size and forecast 2024-2029 ($ billion)
- Data Table on Indonesia - Market size and forecast 2024-2029 ($ billion)
- Chart on Indonesia - Year-over-year growth 2024-2029 (%)
- Data Table on Indonesia - Year-over-year growth 2024-2029 (%)
- 12.4 North America - Market size and forecast 2024-2029
- Chart on North America - Market size and forecast 2024-2029 ($ billion)
- Data Table on North America - Market size and forecast 2024-2029 ($ billion)
- Chart on North America - Year-over-year growth 2024-2029 (%)
- Data Table on North America - Year-over-year growth 2024-2029 (%)
- Chart on Regional Comparison - North America
- Data Table on Regional Comparison - North America
- 12.4.1 US - Market size and forecast 2024-2029
- Chart on US - Market size and forecast 2024-2029 ($ billion)
- Data Table on US - Market size and forecast 2024-2029 ($ billion)
- Chart on US - Year-over-year growth 2024-2029 (%)
- Data Table on US - Year-over-year growth 2024-2029 (%)
- 12.4.2 Canada - Market size and forecast 2024-2029
- Chart on Canada - Market size and forecast 2024-2029 ($ billion)
- Data Table on Canada - Market size and forecast 2024-2029 ($ billion)
- Chart on Canada - Year-over-year growth 2024-2029 (%)
- Data Table on Canada - Year-over-year growth 2024-2029 (%)
- 12.4.3 Mexico - Market size and forecast 2024-2029
- Chart on Mexico - Market size and forecast 2024-2029 ($ billion)
- Data Table on Mexico - Market size and forecast 2024-2029 ($ billion)
- Chart on Mexico - Year-over-year growth 2024-2029 (%)
- Data Table on Mexico - Year-over-year growth 2024-2029 (%)
- 12.5 Europe - Market size and forecast 2024-2029
- Chart on Europe - Market size and forecast 2024-2029 ($ billion)
- Data Table on Europe - Market size and forecast 2024-2029 ($ billion)
- Chart on Europe - Year-over-year growth 2024-2029 (%)
- Data Table on Europe - Year-over-year growth 2024-2029 (%)
- Chart on Regional Comparison - Europe
- Data Table on Regional Comparison - Europe
- 12.5.1 Germany - Market size and forecast 2024-2029
- Chart on Germany - Market size and forecast 2024-2029 ($ billion)
- Data Table on Germany - Market size and forecast 2024-2029 ($ billion)
- Chart on Germany - Year-over-year growth 2024-2029 (%)
- Data Table on Germany - Year-over-year growth 2024-2029 (%)
- 12.5.2 UK - Market size and forecast 2024-2029
- Chart on UK - Market size and forecast 2024-2029 ($ billion)
- Data Table on UK - Market size and forecast 2024-2029 ($ billion)
- Chart on UK - Year-over-year growth 2024-2029 (%)
- Data Table on UK - Year-over-year growth 2024-2029 (%)
- 12.5.3 France - Market size and forecast 2024-2029
- Chart on France - Market size and forecast 2024-2029 ($ billion)
- Data Table on France - Market size and forecast 2024-2029 ($ billion)
- Chart on France - Year-over-year growth 2024-2029 (%)
- Data Table on France - Year-over-year growth 2024-2029 (%)
- 12.5.4 Italy - Market size and forecast 2024-2029
- Chart on Italy - Market size and forecast 2024-2029 ($ billion)
- Data Table on Italy - Market size and forecast 2024-2029 ($ billion)
- Chart on Italy - Year-over-year growth 2024-2029 (%)
- Data Table on Italy - Year-over-year growth 2024-2029 (%)
- 12.5.5 Spain - Market size and forecast 2024-2029
- Chart on Spain - Market size and forecast 2024-2029 ($ billion)
- Data Table on Spain - Market size and forecast 2024-2029 ($ billion)
- Chart on Spain - Year-over-year growth 2024-2029 (%)
- Data Table on Spain - Year-over-year growth 2024-2029 (%)
- 12.5.6 The Netherlands - Market size and forecast 2024-2029
- Chart on The Netherlands - Market size and forecast 2024-2029 ($ billion)
- Data Table on The Netherlands - Market size and forecast 2024-2029 ($ billion)
- Chart on The Netherlands - Year-over-year growth 2024-2029 (%)
- Data Table on The Netherlands - Year-over-year growth 2024-2029 (%)
- 12.6 South America - Market size and forecast 2024-2029
- Chart on South America - Market size and forecast 2024-2029 ($ billion)
- Data Table on South America - Market size and forecast 2024-2029 ($ billion)
- Chart on South America - Year-over-year growth 2024-2029 (%)
- Data Table on South America - Year-over-year growth 2024-2029 (%)
- Chart on Regional Comparison - South America
- Data Table on Regional Comparison - South America
- 12.6.1 Brazil - Market size and forecast 2024-2029
- Chart on Brazil - Market size and forecast 2024-2029 ($ billion)
- Data Table on Brazil - Market size and forecast 2024-2029 ($ billion)
- Chart on Brazil - Year-over-year growth 2024-2029 (%)
- Data Table on Brazil - Year-over-year growth 2024-2029 (%)
- 12.6.2 Argentina - Market size and forecast 2024-2029
- Chart on Argentina - Market size and forecast 2024-2029 ($ billion)
- Data Table on Argentina - Market size and forecast 2024-2029 ($ billion)
- Chart on Argentina - Year-over-year growth 2024-2029 (%)
- Data Table on Argentina - Year-over-year growth 2024-2029 (%)
- 12.6.3 Chile - Market size and forecast 2024-2029
- Chart on Chile - Market size and forecast 2024-2029 ($ billion)
- Data Table on Chile - Market size and forecast 2024-2029 ($ billion)
- Chart on Chile - Year-over-year growth 2024-2029 (%)
- Data Table on Chile - Year-over-year growth 2024-2029 (%)
- 12.7 Middle East and Africa - Market size and forecast 2024-2029
- Chart on Middle East and Africa - Market size and forecast 2024-2029 ($ billion)
- Data Table on Middle East and Africa - Market size and forecast 2024-2029 ($ billion)
- Chart on Middle East and Africa - Year-over-year growth 2024-2029 (%)
- Data Table on Middle East and Africa - Year-over-year growth 2024-2029 (%)
- Chart on Regional Comparison - Middle East and Africa
- Data Table on Regional Comparison - Middle East and Africa
- 12.7.1 Saudi Arabia - Market size and forecast 2024-2029
- Chart on Saudi Arabia - Market size and forecast 2024-2029 ($ billion)
- Data Table on Saudi Arabia - Market size and forecast 2024-2029 ($ billion)
- Chart on Saudi Arabia - Year-over-year growth 2024-2029 (%)
- Data Table on Saudi Arabia - Year-over-year growth 2024-2029 (%)
- 12.7.2 UAE - Market size and forecast 2024-2029
- Chart on UAE - Market size and forecast 2024-2029 ($ billion)
- Data Table on UAE - Market size and forecast 2024-2029 ($ billion)
- Chart on UAE - Year-over-year growth 2024-2029 (%)
- Data Table on UAE - Year-over-year growth 2024-2029 (%)
- 12.7.3 South Africa - Market size and forecast 2024-2029
- Chart on South Africa - Market size and forecast 2024-2029 ($ billion)
- Data Table on South Africa - Market size and forecast 2024-2029 ($ billion)
- Chart on South Africa - Year-over-year growth 2024-2029 (%)
- Data Table on South Africa - Year-over-year growth 2024-2029 (%)
- 12.7.4 Israel - Market size and forecast 2024-2029
- Chart on Israel - Market size and forecast 2024-2029 ($ billion)
- Data Table on Israel - Market size and forecast 2024-2029 ($ billion)
- Chart on Israel - Year-over-year growth 2024-2029 (%)
- Data Table on Israel - Year-over-year growth 2024-2029 (%)
- 12.7.5 Turkey - Market size and forecast 2024-2029
- Chart on Turkey - Market size and forecast 2024-2029 ($ billion)
- Data Table on Turkey - Market size and forecast 2024-2029 ($ billion)
- Chart on Turkey - Year-over-year growth 2024-2029 (%)
- Data Table on Turkey - Year-over-year growth 2024-2029 (%)
- 12.8 Market opportunity by geography
- Market opportunity by geography ($ billion)
- Data Tables on Market opportunity by geography ($ billion)
13 Drivers, Challenges, and Opportunity
- 13 Drivers, Challenges, and Opportunity
- 13.1 Market drivers
- Increasing usage in automotive industry
- Rising innovative product launches
- Growing memberships in health and fitness clubs
- 13.2 Market challenges
- Higher possibility of triggering skin allergies
- Fluctuating prices of spandex fiber
- Availability of substitutes
- 13.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2024 and 2029
- 13.4 Market opportunities
- Growing use of spandex fiber in swimming and sports clothing
- Increasing sustainability initiatives in fiber production
- Rising disposable income and changing consumer preferences
14 Competitive Landscape
- 14 Competitive Landscape
- 14.1 Overview
- 14.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
- 14.3 Landscape disruption
- Overview on factors of disruption
- 14.4 Industry risks
- Impact of key risks on business
15 Competitive Analysis
- 15 Competitive Analysis
- 15.1 Companies profiled
- 15.2 Company ranking index
- 15.3 Market positioning of companies
- Matrix on companies position and classification
- 15.4 Asahi Kasei Corp.
- Asahi Kasei Corp. - Overview
- Asahi Kasei Corp. - Business segments
- Asahi Kasei Corp. - Key news
- Asahi Kasei Corp. - Key offerings
- Asahi Kasei Corp. - Segment focus
- SWOT
- 15.5 BASF SE
- BASF SE - Overview
- BASF SE - Business segments
- BASF SE - Key news
- BASF SE - Key offerings
- BASF SE - Segment focus
- SWOT
- 15.6 Highsun Holding Group
- Highsun Holding Group - Overview
- Highsun Holding Group - Product / Service
- Highsun Holding Group - Key offerings
- SWOT
- 15.7 Huafon Group Co. Ltd.
- Huafon Group Co. Ltd. - Overview
- Huafon Group Co. Ltd. - Product / Service
- Huafon Group Co. Ltd. - Key offerings
- SWOT
- 15.8 Hyosung Corp.
- Hyosung Corp. - Overview
- Hyosung Corp. - Product / Service
- Hyosung Corp. - Key offerings
- SWOT
- 15.9 Indorama Corp.
- Indorama Corp. - Overview
- Indorama Corp. - Product / Service
- Indorama Corp. - Key offerings
- SWOT
- 15.10 INVISTA Equities, LLC
- INVISTA Equities, LLC - Overview
- INVISTA Equities, LLC - Product / Service
- INVISTA Equities, LLC - Key offerings
- SWOT
- 15.11 INVIYA
- INVIYA - Overview
- INVIYA - Product / Service
- INVIYA - Key offerings
- SWOT
- 15.12 Radici Partecipazioni Spa
- Radici Partecipazioni Spa - Overview
- Radici Partecipazioni Spa - Product / Service
- Radici Partecipazioni Spa - Key offerings
- SWOT
- 15.13 Taekwang Industrial Co. Ltd.
- Taekwang Industrial Co. Ltd. - Overview
- Taekwang Industrial Co. Ltd. - Product / Service
- Taekwang Industrial Co. Ltd. - Key offerings
- SWOT
- 15.14 TK Chemical Co. Ltd.
- TK Chemical Co. Ltd. - Overview
- TK Chemical Co. Ltd. - Product / Service
- TK Chemical Co. Ltd. - Key offerings
- SWOT
- 15.15 Toray Industries Inc.
- Toray Industries Inc. - Overview
- Toray Industries Inc. - Business segments
- Toray Industries Inc. - Key news
- Toray Industries Inc. - Key offerings
- Toray Industries Inc. - Segment focus
- SWOT
- 15.16 Xiamen Lilong Spandex Co. Ltd.
- Xiamen Lilong Spandex Co. Ltd. - Overview
- Xiamen Lilong Spandex Co. Ltd. - Product / Service
- Xiamen Lilong Spandex Co. Ltd. - Key offerings
- SWOT
- 15.17 Yantai Tayho Advanced Materials Co. Ltd.
- Yantai Tayho Advanced Materials Co. Ltd. - Overview
- Yantai Tayho Advanced Materials Co. Ltd. - Product / Service
- Yantai Tayho Advanced Materials Co. Ltd. - Key offerings
- SWOT
- 15.18 Zhejiang Huafon Spandex Co. Ltd
- Zhejiang Huafon Spandex Co. Ltd - Overview
- Zhejiang Huafon Spandex Co. Ltd - Product / Service
- Zhejiang Huafon Spandex Co. Ltd - Key offerings
- SWOT
16 Appendix
- 16 Appendix
- 16.1 Scope of the report
- Market definition
- Objectives
- Notes and caveats
- 16.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
- 16.3 Currency conversion rates for US$
- Currency conversion rates for US$
- 16.4 Research methodology
- 16.5 Data procurement
- 16.6 Data validation
- 16.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
- 16.8 Data synthesis
- 16.9 360 degree market analysis
- 360 degree market analysis
- 16.10 List of abbreviations
INFORMATION SOURCES
DATA ANALYSIS
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