Spandex fiber is also known as lyrca or elastane and is a long-chain polyurethane-polyurea copolymer. It is composed of flexible and rigid macro-glycol segments and di-isocyanate segments. The spandex fiber is characterized by elastic and recovery properties. Spandex fiber is being increasingly used in textile and clothing as well as the healthcare industries.
MARKET DYNAMICS
Spandex fiber is being increasingly used in various industries such as the textile and clothing as well as healthcare industry. The spandex's unique elasticity combined with excellent durability and abrasion resistance makes it a favorable fiber to be used in comfort and activewear. Along with this, it is being used in sportswear, casual clothing, undergarments, and home furnishings. Healthcare applications of spandex fiber include compression stockings & hoses, diapers, and bandages, etc. The increased application of spandex fiber is driving the spandex fiber market.
MARKET SCOPE
The "Global Spandex Fiber Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on global market trend analysis. The report aims to provide an overview of the spandex fiber market with detailed market segmentation by the production process, application, and geography. The global spandex fiber market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading spandex fiber market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The Global Spandex Fiber Market is segmented based on production process and application. Based on the production process, the market is segmented into solution dry spinning and solution wet spinning. Based on application, the market is segmented into apparel and clothing, home furnishing, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global spandex fiber market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The spandex fiber market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the spandex fiber market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the spandex fiber market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global spandex fiber market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The spandex fiber market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the spandex fiber market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the spandex fiber market in these regions.
MARKET PLAYERS
The report covers key developments in the spandex fiber market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from spandex fiber market are anticipated to witness lucrative growth opportunities in the future with the rising demand for spandex fiber in the global market. Below mentioned is the list of few companies engaged in the spandex fiber market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the spandex fiber market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Anand Fabrics
- Eastex Products, Inc
- HYOSUNG TNC
- Indorama Corporation
- Sarweshwar Fashion
- Taekwang Industrial Co. Ltd.
- Textillary Inc.
- TK Chemical Corp
- TORAY INDUSTRIES, INC.
- Yantai Tayho Advanced Materials Co.,Ltd.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Spandex Fiber Market - By Production Process
1.3.2 Spandex Fiber Market - By Application
1.3.3 Spandex Fiber Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. SPANDEX FIBER MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. SPANDEX FIBER MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. SPANDEX FIBER MARKET - GLOBAL MARKET ANALYSIS
6.1. SPANDEX FIBER - GLOBAL MARKET OVERVIEW
6.2. SPANDEX FIBER - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. SPANDEX FIBER MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCTION PROCESS
7.1. OVERVIEW
7.2. PRODUCTION PROCESS MARKET FORECASTS AND ANALYSIS
7.3. SOLUTION DRY SPINNING
7.3.1. Overview
7.3.2. Solution Dry Spinning Market Forecast and Analysis
7.4. SOLUTION WET SPINNING
7.4.1. Overview
7.4.2. Solution Wet Spinning Market Forecast and Analysis
8. SPANDEX FIBER MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. APPAREL AND CLOTHING
8.3.1. Overview
8.3.2. Apparel and Clothing Market Forecast and Analysis
8.4. HOME FURNISHING
8.4.1. Overview
8.4.2. Home Furnishing Market Forecast and Analysis
8.5. OTHERS
8.5.1. Overview
8.5.2. Others Market Forecast and Analysis
9. SPANDEX FIBER MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Spandex Fiber Market Overview
9.1.2 North America Spandex Fiber Market Forecasts and Analysis
9.1.3 North America Spandex Fiber Market Forecasts and Analysis - By Production Process
9.1.4 North America Spandex Fiber Market Forecasts and Analysis - By Application
9.1.5 North America Spandex Fiber Market Forecasts and Analysis - By Countries
9.1.5.1 United States Spandex Fiber Market
9.1.5.1.1 United States Spandex Fiber Market by Production Process
9.1.5.1.2 United States Spandex Fiber Market by Application
9.1.5.2 Canada Spandex Fiber Market
9.1.5.2.1 Canada Spandex Fiber Market by Production Process
9.1.5.2.2 Canada Spandex Fiber Market by Application
9.1.5.3 Mexico Spandex Fiber Market
9.1.5.3.1 Mexico Spandex Fiber Market by Production Process
9.1.5.3.2 Mexico Spandex Fiber Market by Application
9.2. EUROPE
9.2.1 Europe Spandex Fiber Market Overview
9.2.2 Europe Spandex Fiber Market Forecasts and Analysis
9.2.3 Europe Spandex Fiber Market Forecasts and Analysis - By Production Process
9.2.4 Europe Spandex Fiber Market Forecasts and Analysis - By Application
9.2.5 Europe Spandex Fiber Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Spandex Fiber Market
9.2.5.1.1 Germany Spandex Fiber Market by Production Process
9.2.5.1.2 Germany Spandex Fiber Market by Application
9.2.5.2 France Spandex Fiber Market
9.2.5.2.1 France Spandex Fiber Market by Production Process
9.2.5.2.2 France Spandex Fiber Market by Application
9.2.5.3 Italy Spandex Fiber Market
9.2.5.3.1 Italy Spandex Fiber Market by Production Process
9.2.5.3.2 Italy Spandex Fiber Market by Application
9.2.5.4 United Kingdom Spandex Fiber Market
9.2.5.4.1 United Kingdom Spandex Fiber Market by Production Process
9.2.5.4.2 United Kingdom Spandex Fiber Market by Application
9.2.5.5 Russia Spandex Fiber Market
9.2.5.5.1 Russia Spandex Fiber Market by Production Process
9.2.5.5.2 Russia Spandex Fiber Market by Application
9.2.5.6 Rest of Europe Spandex Fiber Market
9.2.5.6.1 Rest of Europe Spandex Fiber Market by Production Process
9.2.5.6.2 Rest of Europe Spandex Fiber Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Spandex Fiber Market Overview
9.3.2 Asia-Pacific Spandex Fiber Market Forecasts and Analysis
9.3.3 Asia-Pacific Spandex Fiber Market Forecasts and Analysis - By Production Process
9.3.4 Asia-Pacific Spandex Fiber Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Spandex Fiber Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Spandex Fiber Market
9.3.5.1.1 Australia Spandex Fiber Market by Production Process
9.3.5.1.2 Australia Spandex Fiber Market by Application
9.3.5.2 China Spandex Fiber Market
9.3.5.2.1 China Spandex Fiber Market by Production Process
9.3.5.2.2 China Spandex Fiber Market by Application
9.3.5.3 India Spandex Fiber Market
9.3.5.3.1 India Spandex Fiber Market by Production Process
9.3.5.3.2 India Spandex Fiber Market by Application
9.3.5.4 Japan Spandex Fiber Market
9.3.5.4.1 Japan Spandex Fiber Market by Production Process
9.3.5.4.2 Japan Spandex Fiber Market by Application
9.3.5.5 South Korea Spandex Fiber Market
9.3.5.5.1 South Korea Spandex Fiber Market by Production Process
9.3.5.5.2 South Korea Spandex Fiber Market by Application
9.3.5.6 Rest of Asia-Pacific Spandex Fiber Market
9.3.5.6.1 Rest of Asia-Pacific Spandex Fiber Market by Production Process
9.3.5.6.2 Rest of Asia-Pacific Spandex Fiber Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Spandex Fiber Market Overview
9.4.2 Middle East and Africa Spandex Fiber Market Forecasts and Analysis
9.4.3 Middle East and Africa Spandex Fiber Market Forecasts and Analysis - By Production Process
9.4.4 Middle East and Africa Spandex Fiber Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Spandex Fiber Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Spandex Fiber Market
9.4.5.1.1 South Africa Spandex Fiber Market by Production Process
9.4.5.1.2 South Africa Spandex Fiber Market by Application
9.4.5.2 Saudi Arabia Spandex Fiber Market
9.4.5.2.1 Saudi Arabia Spandex Fiber Market by Production Process
9.4.5.2.2 Saudi Arabia Spandex Fiber Market by Application
9.4.5.3 U.A.E Spandex Fiber Market
9.4.5.3.1 U.A.E Spandex Fiber Market by Production Process
9.4.5.3.2 U.A.E Spandex Fiber Market by Application
9.4.5.4 Rest of Middle East and Africa Spandex Fiber Market
9.4.5.4.1 Rest of Middle East and Africa Spandex Fiber Market by Production Process
9.4.5.4.2 Rest of Middle East and Africa Spandex Fiber Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Spandex Fiber Market Overview
9.5.2 South and Central America Spandex Fiber Market Forecasts and Analysis
9.5.3 South and Central America Spandex Fiber Market Forecasts and Analysis - By Production Process
9.5.4 South and Central America Spandex Fiber Market Forecasts and Analysis - By Application
9.5.5 South and Central America Spandex Fiber Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Spandex Fiber Market
9.5.5.1.1 Brazil Spandex Fiber Market by Production Process
9.5.5.1.2 Brazil Spandex Fiber Market by Application
9.5.5.2 Argentina Spandex Fiber Market
9.5.5.2.1 Argentina Spandex Fiber Market by Production Process
9.5.5.2.2 Argentina Spandex Fiber Market by Application
9.5.5.3 Rest of South and Central America Spandex Fiber Market
9.5.5.3.1 Rest of South and Central America Spandex Fiber Market by Production Process
9.5.5.3.2 Rest of South and Central America Spandex Fiber Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. SPANDEX FIBER MARKET, KEY COMPANY PROFILES
11.1. ANAND FABRICS
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. EASTEX PRODUCTS, INC
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. HYOSUNG TNC
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. INDORAMA CORPORATION
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. SARWESHWAR FASHION
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. TAEKWANG INDUSTRIAL CO. LTD.
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. TEXTILLARY INC.
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. TK CHEMICAL CORP
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. TORAY INDUSTRIES, INC.
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. YANTAI TAYHO ADVANCED MATERIALS CO.,LTD.
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1.Anand Fabrics
2.Eastex Products, Inc
3.HYOSUNG TNC
4.Indorama Corporation
5.Sarweshwar Fashion
6.Taekwang Industrial Co. Ltd.
7.Textillary Inc.
8.TK Chemical Corp
9.TORAY INDUSTRIES, INC.
10.Yantai Tayho Advanced Materials Co.,Ltd.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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