Global Spandex Market- Industry Trends and Forecast To 2029

Market Definition

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, and so on
Market Segmentation

Global spandex market is segmented into two notable segments based on technology and application.

• On the basis of technology, the market is segmented into solution dry-spinning, wet-spinning, and others 

• On the basis of application, the market is segmented into clothing, medical, and others.

Market Players 

The key players of global spandex market are: 

• Huafon Chemical Co., Ltd., 
• HYOSUNG TNC., 
• Asahi Kasei Corporation, 
• TAEKWANG INDUSTRIAL CO., LTD, 
• Xinxiang Sunshining Ecotex Clothes Co.,Ltd, 
• Indorama Corporation, 
• Mitsubishi Chemical Engineering Corporation., 
• TORAY INDUSTRIES, INC., 
• Yantai Tayho Advanced Materials Co., 
• Ltd, Xiamen Lilong Spandex Co., Ltd., 
• Jiangsu Shuangliang Spandex Co., Ltd
• TK CHEMICAL CORPORATION