Title: Spandex Fiber Market - Forecast(2022 - 2027)
1Spandex Fiber MarketMarket size, Industry
outlook, Market Forecast, Demand Analysis, Market
Share, Market Report 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. - 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.
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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.
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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.
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- Spandex Fiber Market Industry Outlook
- Hyosung Corporation,
- 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
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Spandex Fiber Market - Forecast(2022 -
2027) Learn More About the Report _at_
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ibre-market.html
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- Analyst Briefing
- Data Tables
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