Spandex Market 2024-2030 | Size, Demand, Key Players, Growth and Forecast – MarkNtel

Spandex Market Overview

As per recent research by MarkNtel Advisors, the global Spandex Market size is valued at around USD 8.3 billion in 2023 and estimated to grow at a CAGR of around 8.24% during the forecast period, i.e., 2024-30.

Spandex Market Dynamics

Market Drivers : Surging Demand for Spandex Fibers in Medical Textile Industries –

 Hospitals & medical facilities have high patient traffic. Close patient contact and the presence of immune-compromised patients make these facilities susceptible to higher infection. High-touch surfaces like door knobs, bed rails, medical equipment, etc., are also at high contamination risk. As a result, healthcare workers across the globe tend to use face masks, gloves, etc., for protection from different viruses and bacteria.

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Spandex Market Segmentation Overview 2024-2030: Key Factors

By Application

-Clothing- Market Size & Forecast 2019-2030F, Thousand Tons

-Sportswear-  Market Size & Forecast 2019-2030F, Thousand Tons

-Activewear - Market Size & Forecast 2019-2030F, Thousand Tons

-Others (Swimwear, etc.)- Market Size & Forecast 2019-2030F, Thousand Tons

-Medical- Market Size & Forecast 2019-2030F, Thousand Tons

-Compression Garments & Bandages - Market Size & Forecast 2019-2030F, Thousand Tons

-Elastic Tapes & Wraps - Market Size & Forecast 2019-2030F, Thousand Tons

-Orthopedic Braces - Market Size & Forecast 2019-2030F, Thousand Tons

-Others (Prosthetic Devices, etc.) - Market Size & Forecast 2019-2030F, Thousand Tons

-Home Furnishing- Market Size & Forecast 2019-2030F, Thousand Tons

-Furniture Upholstery- Market Size & Forecast 2019-2030F, Thousand Tons

-Bed Linens- Market Size & Forecast 2019-2030F, Thousand Tons

-Curtains- Market Size & Forecast 2019-2030F, Thousand Tons

-Others (Rugs, Decorative Fabrics, etc.) - Market Size & Forecast 2019-2030F, Thousand Tons

-Automotive- Market Size & Forecast 2019-2030F, Thousand Tons

-Seat Covers- Market Size & Forecast 2019-2030F, Thousand Tons

-Headliners- Market Size & Forecast 2019-2030F, Thousand Tons

-Others- Market Size & Forecast 2019-2030F, Thousand Tons

-Others (Personal Care, Sports Equipment, etc.) - Market Size & Forecast 2019-2030F, Thousand Tons

By Technology

-Dry Spinning- Market Size & Forecast 2019-2030F, Thousand Tons

-Wet Spinning- Market Size & Forecast 2019-2030F, Thousand Tons

-Reaction Spinning- Market Size & Forecast 2019-2030F, Thousand Tons

-Melt Extrusion- Market Size & Forecast 2019-2030F, Thousand Tons

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Spandex Market Geographical Insights:

By Region:

-North America

-South America

-Europe

-The Middle East & Africa

-Asia-Pacific

Key Players and Competitive Strategies in the Spandex Market

Several prominent players dominate the Spandex Market, including:

• Huafon Chemicals Co. Ltd
• Hyosung TNC
• Asahi Kasei Corporation
• Taekwang Industrial Co.Ltd.
• Sunshining Ecotex Clothes Co. Ltd
• Indorama Corporation
• Jiangsu Shuangliang Spandex Co., Ltd
• Others

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Questions Addressed in this Study

1.How big is the Spandex Market Size?

2.What is the Spandex Market Growth?

3.Who are the key players of the Spandex Market?

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Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.

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