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Spandex, also called as lycra or elastane is a type of synthetic fiber that is known for its exceptional elastic properties. Spandex fibers are manufactured in 4 ways; reaction spinning, melt extrusion, solution wet spinning and solution dry spinning. Elasticity of the spandex fibers increase the clothing pressure comfort which further provides maximum comfort and ease the body movements. Due to high reliability, elasticity and durability, spandex fabrics are widely employed rage of garments especially sports tights and other skin-tight garments.
High demand for spandex fabrics across the world for manufacturing sportswear & gym wear, slacks, socks, hosiery, swimwear and other clothing is expected to raise the demand for spandex fabrics. Additionally, increasing demand for spandex hoses and bandages from medical sector is one of the prime factor driving the market growth. Increasing technological advancements for enhancement of spandex is expected to drive the market growth.
However, manufacturing of spandex fabrics involves use of harmful chemicals which can cause serious skin allergies. This shall hinder the market growth.
Key Market Driver -
Increasing demand for spandex woven sportswear and gymwear.
Key Market Restraint -
Skin problems due to the chemicals used in manufacturing.
Based on production process, the global spandex fabric market is segmented into solution wet spinning, solution dry spinning melt extrusion, and reaction spin. Based on application, market is segmented into sports tights, undergarments, bandages, hoses, orthopedic braces, surgical hoses, and other applications.
From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
The global spandex fabric market consists of global & regional players operating. Some of the key players in the market include Asahi Kasei Corporation, Far Eastern New Century Corporation, Du Pont, Toray Industries, Yantai Tayho Advanced Material Corporation Ltd, Hyosung Corporation, and others.
The market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific region is anticipated to hold the largest share in global market due to the high demand for textile products from economies like South Korea, India, China, and Japan. Additionally, the increasing population in India and China is driving the regional demand for clothing. North America is estimated to show significant growth attributed to substantial spending on clothing and lifestyle. Considerable number of manufacturing companies is the North America shall contribute to the market growth. Europe is expected to show considerable growth due to increasing demand from healthcare sector. Latin America & Middle East & Africa shall exhibit sluggish growth by the end of forecast period.
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