Spandex Fiber Market Size to reach $6 billion by 2025 - PowerPoint PPT Presentation

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Spandex Fiber Market Size to reach $6 billion by 2025

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Spandex Fiber Market by Process (Wet, Dry), Application (Healthcare, Textile) and by Region (North America, Europe, Asia Pacific, Middle East & Africa, and Central & South America), Global Forecasts 2020 to 2025 – PowerPoint PPT presentation

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Title: Spandex Fiber Market Size to reach $6 billion by 2025


1
Spandex Fiber Market
  • by Process (Wet, Dry), Application (Healthcare,
    Textile) and by Region (North America, Europe,
    Asia Pacific, Middle East Africa, and Central
    South America), Global Forecasts 2020 to 2025

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2
Global Spandex Fiber Market Size and Share-Global
Forecast to 2025
  • The Global Spandex Fiber Market is projected to
    reach more than 6 USD billion by the end of 2025,
    growing at a CAGR of more than 7 over the
    foreseeable future. Spandex soon became popular
    owing to its toughness. Spandex also has a
    greater tolerance to dry heat and oil relative to
    rubber.
  • The level of comfort and wicking capacity found
    in Spandex is unprecedented and does not exist at
    such a high level in any other product. Spandex
    is used in a constantly growing variety of
    clothing pieces.
  • In terms of type, the global spandex market
    report is segmented into solution dry spinning
    and solution wet spinning. Solution dry spinning
    is expected to maintain its dominance over the
    forecast period. In term of application, the
    global spandex fiber market is segmented into
    textile and healthcare. It is well known that
    spandex is commonly used in the textile industry.
    However, this is also a valuable cloth for
    hospitality and manufacturing organizations.
  • Spandex fabrics are mostly used in garments where
    fit and comfort both are required. For instance,
    leggings, shorts, wetsuits, leotards, zentai
    suits, triathlon suits, etc. It is also used in
    the manufacture of household items such as
    microbeads pillows and fitted sheets. One of the
    lesser recognized applications of spandex is
    event preparation and indoor decoration.

3
Global Spandex Fiber Market Size and Share-Global
Forecast to 2025
  • In terms of type, the global spandex fiber is
    segmented into solution dry spinning and solution
    wet spinning. More than 90 per cent of worldwide
    spandex fibers is produced using the dry spinning
    solution. The initial step is to produce the
    prepolymer. In addition, the prepolymer interacts
    with the same amount of diamine. The, the
    spinning solution is then injected into a
    cylindrical spinning cell and transformed into
    fibre.
  • In terms of application the spandex fiber market
    is segmented into textile and healthcare. Textile
    accounts for a majority of the market share owing
    to its application across belts, gloves, socks,
    tights, swimwear, jersey and shorts, exercise
    apparel, leotards, triathlon suits, wetsuits,
    zentai suits, leggings, shorts, skinny jeans, ski
    pants, yoga pants, compression garments, and
    shape garments, etc.
  • Spandex is very sensitive to heat due its
    chemical formation and does not absorb liquid.
    Hence, washing spandex fiber in hot water or
    ironing might damage the fabric.
  • The global market of technical ceramics is also
    segmented into various geographies such as North
    America, Europe, Asia Pacific, Middle East
    Africa, and Central South America. Asia Pacific
    accounted for a major market revenue share owing
    to the presence of China and India. Key players
    include Hyosung Corporation, Teijin Limited, Far
    Eastern New Century Corporation, Asahi Kasei
    Corporation, Toray Industries Inc., Acelon
    Chemical and Fiber Corporation, Toyobo Co., Ltd,
    Indorama Corporation, Invista.

4
Global Spandex Fiber Market Size and Share-Global
Forecast to 2025
  • Key Segments Across Spandex Fiber Market
  • Type Overview, 2018-2025, (USD Billion) (Million
    Tons)
  • Solution dry spinning
  • Solution wet spinning
  • Applications Overview, 2018-2025, (USD Billion)
    (Million Tons)
  • Textile
  • Healthcare
  • Regional Overview, 2018-2025, (USD Billion)
    (Million Tons)
  • North America
  • Europe
  • Asia Pacific
  • Central South America
  • Middle East Africa

5
About Us
  • Adroit Market Research is an India-based business
    analytics and consulting company. Our target
    audience is a wide range of corporations,
    manufacturing companies, product/technology
    development institutions and industry
    associations that require understanding of a
    markets size, key trends, participants and
    future outlook of an industry. We intend to
    become our clients knowledge partner and provide
    them with valuable market insights to help create
    opportunities that increase their revenues. We
    follow a code Explore, Learn and Transform. At
    our core, we are curious people who love to
    identify and understand industry patterns, create
    an insightful study around our findings and churn
    out money-making roadmaps. Our analysts have
    tracked high growth markets in chemicals
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    retail, consumer goods, technology, and
    machinery equipment sectors across the world to
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    prepare go-to-market (GTM) strategies, identify
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