Title: Spandex Fiber Market - Forecast(2021 - 2026)
1Spandex 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
7.5Â 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 OutlookÂ
- , 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_
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ibre-market.html
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- Analyst Briefing
- Data Tables
- Key Contacts
- Free Customization
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