Press release
Spandex Fiber Market Size is Projected to Reach $16.9 Billion by 2030 With a CAGR of 7.31%
According to the report published by Allied Market Research, the global spandex fiber market stood at a revenue of $8.4 billion in 2020 and is expected to accrue $16.9 billion by 2030, registering a CAGR of 7.31% from 2021 to 2030. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and wavering market trends.
Spandex fibers are being extensively used in the production of medical textiles. Growth of the spandex market can be attributed to its usage in compression garments, including bandages, surgical hoses, and support hoses. Spandex is appropriate for use in sportswear and activewear applications, such as swimsuits and workout apparel, because of its lightweight and flexible nature.
Download Sample PDF : https://www.alliedmarketresearch.com/request-sample/1769
Spandex is also utilized in the production of socks. It helps keep socks in place by preventing them from slipping down and makes putting them on and taking them off easier. Socks can contain varying amounts of spandex, depending on the desired level of elasticity. One of the primary uses for spandex is in the manufacture of incontinence products and diapers. The market for diapers is forecasted to experience strong growth during the forecast period due to rising demand from countries such as China and India.
Focus on Producing Sustainable, Bio-based, and Environment-Friendly Spandex:
Polytetramethylene ether glycol (PTMEG) and diphenylmethane diisocyanate (MDI), the raw materials used in the commercial production of spandex fibers, come from petroleum feedstock. The shifting costs of these raw materials combined with the growing emphasis on sustainability along the whole textile value chain are forcing manufacturers of spandex to focus their efforts on developing sustainable, bio-based, and environmentally friendly product lines.
Request the Analysis @ https://www.alliedmarketresearch.com/request-for-customization/1769
In terms of application, the apparel and clothing segment held the largest share, accounting for 91.19% of the global market in 2020 and would lead the trail through the forecast period. However, the others segment is likely to witness the highest CAGR of 8.83% in 2030.
By region, Asia-Pacific was the largest market in 2020, grabbing over three-fifths of the total market share. The same would exhibit the fastest CAGR of 7.93% in 2030.
The report analyzes the key players operating in the global spandex fiber market as Hyosung Corporation, Invista, Asahi Kasei Corporation, Toray Industries, Inc., Indorama Industries Ltd., TK Chemical Corporation, Zhejiang Huafon Spandex Co. Ltd., Xiamen Lilong Spandex Co., Ltd., Yantai Spandex Co., Ltd., and Taekwang Industrial Co. Ltd.
Interested in Procuring this Report? Visit Here: https://www.alliedmarketresearch.com/spandex-fiber-market/purchase-options
Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: 1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Spandex fibers are being extensively used in the production of medical textiles. Growth of the spandex market can be attributed to its usage in compression garments, including bandages, surgical hoses, and support hoses. Spandex is appropriate for use in sportswear and activewear applications, such as swimsuits and workout apparel, because of its lightweight and flexible nature.
Download Sample PDF : https://www.alliedmarketresearch.com/request-sample/1769
Spandex is also utilized in the production of socks. It helps keep socks in place by preventing them from slipping down and makes putting them on and taking them off easier. Socks can contain varying amounts of spandex, depending on the desired level of elasticity. One of the primary uses for spandex is in the manufacture of incontinence products and diapers. The market for diapers is forecasted to experience strong growth during the forecast period due to rising demand from countries such as China and India.
Focus on Producing Sustainable, Bio-based, and Environment-Friendly Spandex:
Polytetramethylene ether glycol (PTMEG) and diphenylmethane diisocyanate (MDI), the raw materials used in the commercial production of spandex fibers, come from petroleum feedstock. The shifting costs of these raw materials combined with the growing emphasis on sustainability along the whole textile value chain are forcing manufacturers of spandex to focus their efforts on developing sustainable, bio-based, and environmentally friendly product lines.
Request the Analysis @ https://www.alliedmarketresearch.com/request-for-customization/1769
In terms of application, the apparel and clothing segment held the largest share, accounting for 91.19% of the global market in 2020 and would lead the trail through the forecast period. However, the others segment is likely to witness the highest CAGR of 8.83% in 2030.
By region, Asia-Pacific was the largest market in 2020, grabbing over three-fifths of the total market share. The same would exhibit the fastest CAGR of 7.93% in 2030.
The report analyzes the key players operating in the global spandex fiber market as Hyosung Corporation, Invista, Asahi Kasei Corporation, Toray Industries, Inc., Indorama Industries Ltd., TK Chemical Corporation, Zhejiang Huafon Spandex Co. Ltd., Xiamen Lilong Spandex Co., Ltd., Yantai Spandex Co., Ltd., and Taekwang Industrial Co. Ltd.
Interested in Procuring this Report? Visit Here: https://www.alliedmarketresearch.com/spandex-fiber-market/purchase-options
Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: 1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage
to this press release on woodPRI. woodPRI disclaims liability for any content contained in
this release.
Recommend
/newsMicroencapsulation Market Deep Analysis on Key Players - Dow Corning, Encapsys, Syngenta Crop Protection, Evonik Industries, 3M and Bayer
Market Study Report Adds Global Microencapsulation Market Size, Status and Forecast 2024 added to its database. The report provides key statistics on the current state of the industry and other analytical data to understand the market.
Extensive research is required for choosing the appropriate cor...
/newsGermany Airbag Market Size 2023: Global Share, Industry And Report Analysis By 2030 | Hyundai Mobis Co., Ltd. Key Safety Systems, Inc. Robert Bosch GmbH
Germany airbag market is expected to grow at a CAGR of around 6% during the forecast period. Germany Airbag Market research report refers to gathering and analyzing significant market data serve as best medium for various industry players to launch novel product or service. It is vital for key firms...
/newsSecurities Brokerages And Stock Exchanges Market Outlook 2021: Big Things are Happening
A new intelligence report released by HTF MI with title "Global Securities Brokerages And Stock Exchanges Market Survey & Outlook" is designed covering micro level of analysis by Insurers and key business segments, offerings and sales channels. The Global Securities Brokerages And Stock Exchange...
/newsRenewable Chemicals Market Emerging Trends and Competitive Landscape Forecast to 2028
The renewable chemicals market was valued at US$ 80,566.30 million in 2021 and is projected to reach US$ 1,76,750.76 million by 2028 it is expected to grow at a CAGR of 11.9% from 2021 to 2028. The research report focuses on the current market trends, opportunities, future potential of the market, a...
/newsHow Coronavirus is Impacting Cold Brew Coffee, Global Market Volume Analysis, Size, Share and Key Trends 2020-2026
"Market Latest Research Report 2020:
Los Angles United States, February 2020: The Cold Brew Coffee market has been garnering remarkable momentum in the recent years. The steadily escalating demand due to improving purchasing power is projected to bode well for the global market. QY Research's lates...
/newsCorporate E-Learning Market - Global Industry Size, Share, Key Players Analysis that are Infor, SkillSoft Corporation, Adrenna, CERTPOINT Systems and others with Regional Forecast to 2022
Overview:
E-Learning is used to enhance the learning procedures for newer job requirements and to make employees sound about the internal and external changes in the market and respective organizations. This method has created considerable differences in the ways of training and developing employee...
