Global Spandex Fiber Market Analysis & Outlook 2030
21 Oct 2022
Impact Analysis on the Growth of Market
Inflation and Looming Recession to Haunt Businesses:
In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022...
The Research Report is Updated with 2022 Base Year, 2023 Estimated year and Forecast till 2035 with Market Insights.
With the dip in global production, the GDP has contracted in 2020 and impacted the market across the world. Upon placing a Sample Request, you will receive an updated report with 2022 as base year, 2023 as estimated year and forecast to 2035. This will have market drivers, recovery rate in the market, insights and competitive analysis.
The global spandex fiber market size in 2021 is estimated at USD 10 billion. It is estimated that the compound annual growth rate from 2022 to 2030 will be 9%. Spandex fiber, also known as Lycra or elastic fiber, is a long-chain polyurethane-polyurea copolymer composed of flexible large glycol segments and rigid diisocyanate segments arranged in a specific order. The fiber is characterized by its excellent elasticity and recovery properties. These characteristics mean that it can be used on a large scale in various applications in the textile, clothing, and healthcare industries. Some prominent applications of spandex fibers include sportswear, casual wear, underwear and household goods. Hygienic applications of spandex fibers include compression stockings and hoses, diapers and bandages.
The breakdown of the main interviewees: the growing demand for spandex fiber in various end-user industries, the expanding application range, the cooperation and strategic alliances between market participants and high-performance attributes, and the increasing acceptance of spandex fiber. Spandex is an important factor that is expected to drive market growth during the forecast period. However, the threat of substitutes is growing, economic growth in some parts of the world is relatively slow, and price fluctuations, these factors may hinder market growth during the forecast period. In addition, the growth of the penetration rate of spandex fiber in industries such as new energy, oil and gas, automobiles and aviation will provide important opportunities for industry participants in the entire value chain.
In addition, substantial investment in R&D activities is expected to provide new growth opportunities for the market in the near future. The spandex fiber market report focuses on the current market trends and future growth opportunities of spandex fibers in the textile and industrial industries. clothing. , Medicine and other industries such as automobiles, aviation and sports accessories. It also emphasizes various production methods, such as solution dry spinning, solution wet spinning, and other methods, such as melt extrusion and reaction spinning, for making spandex fibers that are available on the UK market.
It also looks at the current spandex fiber market trends in different regions and suggests future growth opportunities through analysis of government policies and regulations, which can further increase consumer acceptance in the region. The data provided in this report is based on demand or consumption at the national level by material type and end user. By adopting a bottom-up approach and considering price trends, market value and transaction volume can be further derived.
Global spandex fiber market segmentation:
Major players in the global spandex fiber industry have adopted different business strategies, such as business capabilities and expansion, partnerships, mergers, acquisitions, joint ventures, sales agreements, and product and application development to withstand global competition Market... The market participants described in this report are spandex fiber manufacturers who use it internally in certain applications or supply it to other end users in the industry. Data related to market participants and their strategic trends are collected through press releases from their respective companies, various blogs on the website, and major phone calls to industry experts.
Main investment areas:
According to the application, the global market of spandex fiber is divided into clothing and apparel, household goods, etc. The apparel and apparel segment is further subdivided into sportswear, casual wear, underwear, medical and health care, etc. Sportswear is expected to become the most attractive application field for new entrants and major industry players in the global spandex fiber industry. Active wear. The increase in disposable income of emerging economies, coupled with major opportunities in the end-user industry and continuous R&D investment, are expected to provide major opportunities for major players operating in the market.
The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:
- North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys & Opportunity Outlook
- Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook