Asia-Pacific is the most attractive market for the new entrants along with industry players, as the growth in number of industries and increased expenditure towards R&D is expected to provide significant opportunities to the entrants

Spandex Fiber Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $10,482 million by 2022, registering a CAGR of 8.8% during the period 2016-2022. It is anticipated that solution dry spinning segment would generate the highest revenue throughout the forecast period. In the year 2015, Asia-Pacific led the global market and is expected to maintain its position throughout the study period. The region is also expected to witness highest growth over the forecast period.

In 2015, North America and Europe collectively accounted for more than one-fourth of the worldwide demand for spandex fiber and are expected to lose share over the forecast period. Asia-Pacific is projected to be the fastest growing region, with a CAGR of 9.5% in value terms, followed by LAMEA, North America and Europe.


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The report provides comprehensive analysis of the key players that operate in the world spandex fiber market such as Hyosung Corporation, Invista, Asahi Kasei Corporation, Toray Industries, Inc., Indorama Industries Ltd., TK Chemical Corporation, Zhejiang Huafon Spandex Co. Ltd., Xiamen Lilong Spandex Co., Ltd., Yantai Spandex Co., Ltd. and Taekwang Industrial Co. Ltd. These players occupy a major share in the world spandex fiber market followed by other tier 2 and tier 3 players worldwide.

The industry players made significant investments on new commercial avenues for their product segments via strategic partnerships & collaborations. Investments towards extensive research and development activities coupled with an increasing support for application of spandex fiber is expected to boost market growth. There is a rise in demand for spandex Fiber from various end-user industries and an increase in application scope owing to its superior properties. Also, launch of bio-based, eco-friendly spandex products by market players is expected to drive the demand for spandex fiber over the forecast period. However, a growing threat of substitution and volatility in raw material prices could hamper the market growth during the forecast period.

In the year 2015, apparel & clothing segment was the largest application segment, and is expected to grow at a high CAGR of 8.9% I terms of revenue, followed by home furnishing and others segment. The extraordinary physio-chemical properties of spandex fiber, such as elasticity, durability and abrasion resistance have increased its penetration in a wide array of application, as it results in improved performance of the end product.

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Key Market Benefits

• The study provides spandex fiber market analysis in terms of quantitative, with current trends and future estimations through 2014‐2022 to identify the prevailing market opportunities to capitalize on.
• Extensive analysis by application and production method predicts the various types of spandex fiber used in different end-user applications.
• Competitive intelligence highlights the business practices followed by leading players across various regions.
• An in-depth analysis of current research and clinical developments within world spandex fiber market is provided with key dynamic factors that affect the market behavior.
• Comprehensive spandex fiber market share analysis across all geographic regions are provided to determine the prevailing opportunities in these geographies.
• Key market players and their strategies are analyzed to identify the competitive outlook.