Spandex Market, By Fabric Type, Production Process, and
Application till 2018-2026
Spandex, elastane or lycra is an elastic synthetic fiber. It contains a combination
of long chain polglycol, short chain diisocynate, and minimum 85% of
polyurethane. Stabilizers and colorants are added to improve quality and
enhance appearance of spandex. Spandex offers superior strength, weight, and
versatility as compared to rubber. They have high elasticity and can be stretched
500% of their length. It is mainly used in fabrics due to its properties such as
ability to be stretched, softness, smoothness, lightweight, easy dyeing, abrasion
resistant, resistant to detergent, resistant to body oils and perspiration, and
compatible with other materials and fibers. It is commonly used in textile and
clothing industry and healthcare industry. Spandex is used in sportswear, active
wear, casual clothing, under garments, home furnishings, diapers, bandages, and
compression stocking and hoses.
Increasing use of spandex in healthcare and textile industry, increasing
penetration in other industries such as automobiles, aviation and energy, and the
launch of ecofriendly and bio-based spandex are the major market drivers of
spandex market. Development of alternatives such as natural latex is the major
threat to this market. However, many market players are investing significantly
in research and development to improve characteristics of spandex such as
elasticity, for further growth of spandex market.
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Key Players in the Global Spandex Market
The key market players in spandex market are adopting inorganic and organic
strategies such as merger and acquisition, capacity expansion, and new product
launch to sustain their position. Some companies operating in the spandex
market include Asahi Kasei Corporation, DuPont, Hyosung Corporation,
Indorama Industries Limited, INVISTA, Jiangsu Shaungliang Spandex Co., Ltd,
TK Chemical Corp., Xiamen Lilong Spandex Co., Ltd, Yantai, Taekwang
Industrial Co. Ltd., Tayho Advanced Materials Co., Ltd, and Zhejiang Huafon
Spandex Co. Ltd.
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Spandex Market report categorizes global market by Fabric Type (Two Way Spandex, Four Way Spandex), By Production Process (Wet spinning, Dry spinning, Melt Extrusion, Reaction Spinning), and By Application (Medical, Textile, Others) - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2017-2025