Spandex Market What Factors are Affecting Growth and Demand of Industry
                     Spandex Market | What Factors are Affecting Growth 
and Demand of Industry?
Spandex Market, By Production Process (Dry Spinning, Wet Spinning, Melt Extrusion, 
Reaction Spinning), Application (Clothing, Medical, Others), Fabric Type (Two-Way, Four-
Way), Downstream Processes (Knitting, Weaving, Yarn Covering), Country (U.S., Canada, 
Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, 
Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, 
South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of 
Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and 
Africa) Industry Trends and Forecast to 2028.
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Market Analysis and Insights 
Spandex (also known as elastane or lycra) is soft smooth, lightweight fiber, made out of 
synthetic polymer or polyurethane which has extraordinary stretch ability. It is has 
significant elasticity capability, due to which it finds its application in a wide-variety of 
clothing and medical products development.
The factors such as rising levels of utilization of spandex for development of stretchable 
fabric clothing and high demands associated with the sports-wear and active wear 
products are the root cause fueling up the spandex market growth rate. Additionally, the 
various beneficial properties offered by spandex like superior elasticity, durability, 
lightweight, UV resistance will also directly and positively impact the growth rate of the 
spandex market. However, the volatile nature of product prices along with the slower 
economic growth and the threat of emerging substitutes derail growth of the spandex 
market.
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Major Key Players
Some of the major players operating in this market are : 
• inviya
• TORAY INDUSTRIES, INC.
• INVISTA, Asahi Kasei Corporation
• HYOSUNG
• Zhejiang Huafon Spandex
• Yantai Tayho Advanced Materials Co.,Ltd
• TK Chemical Corporation
• TAEKWANG INDUSTRIAL CO.,LTD.
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Market Segmentation
• By Production Process (Dry Spinning, Wet Spinning, Melt Extrusion, 
Reaction Spinning)
• By Application (Clothing, Medical, Others)
• By Downstream Processes (Knitting, Weaving, Yarn Covering)
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Regional Analysis
Based on geography, the market is segmented into five geographical 
regions
    North America
       Europe
       Asia-Pacific
       South America
       Middle East 
       Africa
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