Spandex Market Size, Industry Share & Forecast, 2016-2023: Global Market Insights, Inc. - PowerPoint PPT Presentation

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Spandex Market Size, Industry Share & Forecast, 2016-2023: Global Market Insights, Inc.

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Spandex market size was estimated at over 760 kilo tons in 2015 and is likely to exceed 1,550 kilo tons by 2023, growing at a CAGR of more than 8% from 2016 to 2023. The global spandex market share is moderately consolidated and comprises of companies sucg as BASF, DuPont, Invista and Mitsubishi Chemical. Growing application scope in apparel and textile industry is likely to drive spandex market over the forecast period. – PowerPoint PPT presentation

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Title: Spandex Market Size, Industry Share & Forecast, 2016-2023: Global Market Insights, Inc.


1
Spandex Market Size, Share, Industry Outlook
Forecast 2016-2023
2
Global Market Scenario of Spandex Industry
  • Global spandex market size was estimated at over
    760 kilo tons in 2015 and is likely to exceed
    1,550 kilo tons by 2023, growing at a CAGR of
    more than 8 from 2016 to 2023. It is also
    commonly known as elastane.
  • Asia Pacific, especially China spandex market
    size was the dominant region and accounted for
    more than 60 of the total volume in 2015. China
    accounted for a major chunk of the market in Asia
    Pacific region in 2015.
  • Dry spinning technology was majorly preferred
    among manufacturers over the past few years.
    Other process includes wet spinning, melt
    extrusion and reaction spinning.
  • Growing application scope in apparel and textile
    industry is likely to drive spandex market over
    the forecast period. They are used in textile
    manufacturing applications such as leggings,
    gloves, cycling jerseys and competitive swimwear.
    Spandex market price has witnessed to be weak in
    mid 2014 owing to ease of tight supply and low
    demand from downstream applications.

3
Continue
  • Increase in automobile production, particularly
    in Asia Pacific is likely to drive market growth.
    Major automobile manufacturers are shifting bases
    to countries such as Indonesia, Thailand, India
    and China owing to cheap labor wages and
    favorable government incentive schemes.
  • It is preferred for manufacturing door panel
    fabrics required to stretch and adhere to floor.
    Global automobile sales were estimated at 75
    million units in 2011 and are likely to cross 90
    million units by 2017.
  • Sportswear application is likely to witness
    highest gains over the forecast period.
    Technology advancement with moisture management
    properties coupled with performance efficiency is
    likely to benefit elastane market growth. Up to
    3 of spandex fiber in fabric is enough for
    fabric improvement shape retention whereas high
    performance garments such as swimwear is may
    contain 30.
  • Global sportswear market size was estimated at
    over USD 260 billion in 2013 and is likely to
    grow at a CAGR of over 7 up to 2023. Sportswear
    accounted for over 15 of the clothing industry.

4
For Customization in this report as per your
requirement please click_at_ https//www.gminsights.c
om/roc/312
Research Methodology
5
Regional and Competitive Insights
  • Asia Pacific market was the dominant and is
    likely to witness highest gains over the forecast
    period. China accounted for more than 50 of the
    global share in 2014 and is the major
    manufacturer for this market. In 2012, China had
    around 30 manufacturing units with a total
    capacity of 520 kilo tons and domestic production
    exceeding 320 kilo tons in the same year. 40D and
    20D are major products manufactured in China.
  • North America spandex market share is likely to
    witness moderate growth rates owing to increasing
    sportswear demand in the U.S. Europe is likely to
    witness below average growth rates over the
    forecast period. Latin America is likely to grow
    at significant rates owing to growth in
    sportswear and apparel industry.
  • The global spandex market share is moderately
    consolidated and comprises of companies sucg as
    BASF, DuPont, Invista and Mitsubishi Chemical.
    Other major companies include Zhejiang Huafo, Dow
    Chemical, Yantai Bailu Chemical Fiber Co and Swan
    Fiber Co.

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6

Research Report Summery On Spandex Market_at_
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