Spandex Fiber Market - Forecast(2021 - 2026) - PowerPoint PPT Presentation

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Spandex Fiber Market - Forecast(2021 - 2026)

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Spandex Fiber Market is forecast to reach $8.3 billion by 2026, after growing at a CAGR of 7.5% during 2021-2026. – PowerPoint PPT presentation

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Title: Spandex Fiber Market - Forecast(2021 - 2026)


1
Spandex Fiber Market Forecast(2021 -
2026)
Contact Venkat Reddy sales_at_industryarc.com
(1) 970-236-3677
2
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  • Spandex Fiber Market is forecast to reach 8.3
    billion by 2026, after growing at a CAGR of
    7.5 during 2021-2026.
  • Spandex is a lightweight, synthetic fiber made up
    of a long chain polymer called polyurethane,
    which is produced by reacting a polyester with a
    diisocyanate.
  • The demand for spandex fiber is increasing from
    various industry verticals like textile and
    automotive due to its extensive set of properties
    such as elasticity, durability, and resistance to
    UV light. Spandex fiber is widely used in textile
    industries to make stretchable clothing.
  • Besides, surging demand from healthcare for
    bandages, medical housing, and diapers is also
    fueling the growth of the spandex fiber market
    share worldwide during the forecast period.

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  • Key Takeaways
  • The U.S has shown significant growth in the
    spandex fiber market during the forecast period
    due to the huge healthcare spending and presence
    of automakers such as General Motors, Ford, and
    Fiat Chrysler further boost the demand.
  • Technology advancement and development of
    bio-based spandex fiber further propels the
    growth of spandex fiber industry. For instance,
    in 2014, INVISTA, developed LYCRA bio-derived
    spandex fiber from dextrose derived from corn.
  • Due to the COVID-19 Pandemic the growth of
    healthcare industry is accelerating. Thus, demand
    for masks, gloves, and medical apparel is up
    surging, which in turn drive the growth of
    spandex fiber market.

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By Distribution Channel- Segment
Analysis Solution dry spinning segment holds the
largest share of more than 60 in the spandex
fiber market in 2020. The solution dry spinning
is widely preferred as a cost-efficient process
and the fibers manufactured through this process
offer better elastic recovery. In dry spinning
fiber production, the prepolymer (produced by
mixing macro glycol with a diisocyanate monomer)
is reacted with an equal amount of diamine. This
is known as a chain extension reaction. The
resulting solution is diluted with a solvent to
produce the spinning solution. The solvent help
to make the solution thinner and more easily
handled. At last, the spinning solution is pumped
into a cylindrical spinning cell where it is
cured and converted into fibers
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  • Spandex Fiber Market Industry Outlook 
  • , E. I. Du Pont De Nemours And Company
  • Investa
  • Teijin Ltd.
  • Asahi Kasei Corporation
  • Toray Industries
  • Far Eastern New Century Corporation
  • Acelon Chemical and Fiber Corporation
  • Toyobo Co., Ltd.
  • Indorama Corporation

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Spandex Fiber Market Forecast(2021 -
2026)Learn More About the Report _at_
https//www.industryarc.com/Report/16259/spandex-f
ibre-market.html
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  • You Can Customize the Report as Per Your Need.
    We have included Some Customization Options
  • Company Profile
  • Analyst Briefing
  • Data Tables
  • Key Contacts
  • Free Customization
  • Purchase Full Report _at_ https//www.industryarc.com
    /purchasereport.php?id16259

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For More Details Contact Venkat
Reddy Contact (1) 970-236-3677 Email
sales_at_industryarc.com Connect with us on LinkedIn
_at_ http//www.linkedin.com/company/industryarc
Contact (1) 970-236-3677
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