Spandex Fiber Market Size Report 2022-2027

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Global Spandex Fiber Market Research Report:

According to the latest report by IMARC Group, titled “ Spandex Fiber Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2 027

” the global spandex fiber market reached a strong growth in 2021.

Spandex fiber, also known as elastane, is a man-made fiber that is lightweight, smooth and possesses unique elasticity. It is abrasion-resistant and demonstrates negligible damage from needle cutting when stitched as compared to other elastic materials. In addition, it offers several advantages, including durability; resistance against body oils, perspiration, lotions, and detergents; and no static and pilling problems. As a result, it is widely used in the manufacturing of athletic, aerobic, exercise apparel, swim and bathing suits, brassiere straps and bra side panels, ski pants, slacks, hosiery, socks, belts, surgical hose, bicycle pants, foundation, and shaped garments.

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Global Spandex Fiber Market Trends :

The growing utilization of spandex fiber in swimming and cycling garments worldwide represent one of the key factors driving the market. Moreover, governments of several countries are focusing on encouraging students to participate in sports. This, along with the rising demand for rapid dry and comfortable fabrics for activewear, is propelling the growth of the market. In addition, there is a rise in the utilization of spandex fiber in the healthcare industry to manufacture pressure diapers, compression stockings, surgical hoses, and bandages across the globe. This, coupled with the increasing employment of spandex fiber in the automotive industry to make door panel fabrics, is positively influencing the market. Besides this, the escalating demand for textiles around the world is offering lucrative growth opportunities to investors and end-users. Furthermore, key market players are focusing on the capacity and business expansions, partnerships, and mergers and acquisitions (M&A) to expand their customer base. These players are also extensively investing in research and development (R&D) activities to enhance product quality, which is projected to augment their overall sales and profitability.

Looking forward, the market value is projected to reach a strong growth during the forecast period (2022-2027).

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BASF SE

Huafon Chemical Co. Ltd.

Hyosung Corporation

Indorama Corporation

Invista (Koch Industries Inc.)

Mitsubishi Chemical Corporation

Taekwang Industrial Co.Ltd

Teijin Limited

TK Chemical Corporation

Toray Industries Inc.

Xiamen Lilong Spandex Co. Ltd.

• Yantai Tayho Advanced Materials Co. Ltd.

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A partial

Partial List of Clients

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