Global Spandex Market - Size, Share, Analysis and Trends to 2021

Global Spandex Market - Asia-Pacific is expected to dominate

the global Market in terms of value, during the forecast period 2021

Persistence Market Research

Global Spandex Market Value Expected to

Grow US$ 8,704.6 Mn By 2021 - Persistence

Market Research

Persistence Market Research

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Global Spandex Market - Asia-Pacific is expected to dominate

the global Market in terms of value, during the forecast period 2021

Persistence Market Research Released New Market Report “Global Market Study on

Spandex Market: High demand for stretchable fabrics in clothing sector to drive

growth”, the global spandex market has been estimated to reach US$ 4,834.8 Mn in 2015,

and is expected to expand at a CAGR of 10.3% over 2015-2021, to reach US$ 8,704.6 Mn by

2021

According to the U.S Federal Trade Commission (FTC), “Spandex is a manufactured fiber in

which the fiber-forming substance is a long-chain synthetic polymer comprising at least 85%

of segmented polyurethane.” This fiber, also called elastane, is a synthetic long-chain

polyurethane-polyurea copolymer composed of rigid diisocyanate segments and flexible

macro-glycol segments arranged in a specific order. The fiber is characterized by exceptional

stretch and recovery properties, with the elongation at break of around 400% to 600%.

These characteristics entail its wide-scale use in a diverse set of applications in textile &

clothing and healthcare industries. Some prominent areas of application for spandex fibers

include sportswear, casual clothing, home furnishings, and undergarments. Medical and

healthcare-related applications of spandex fibers include diapers, compression stockings &

hoses, and bandages.

In the recent past, there has been a steady increase in demand for spandex-based

stretchable clothing & apparel in developing regions. Steadily rising population, coupled with

increasing disposable income, in these regions is expected to drive the growth of the global

spandex market over the forecast period. Besides,...