Spandex Fiber Market by Type of Production Method (Solution Dry Spinning, Solution Wet Spinning and Others) and Application (Apparel & Clothing, Home Furnishing and Others) - Global Opportunity Analysis and Industry Forecast, 2014-2022

  • ID: 4033339
  • Report
  • Region: Global
  • 120 pages
  • Allied Analytics LLP
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FEATURED COMPANIES

  • Highsun Group
  • Spandex Corporation Ltd.
  • MORE
Spandex Fiber Market by Type of Production Method (Solution Dry Spinning, Solution Wet Spinning and Others) and Application (Apparel & Clothing, Home Furnishing and Others) - Global Opportunity Analysis and Industry Forecast, 2014-2022

The demand for spandex fiber has witnessed a tremendous growth driven by the growing penetration in the clothing and textile industry, particularly in the sportswear and intimate wear applications. Spandex fiber are superior to rubber having more strength, are lighter, and are more versatile. In fact, spandex fiber can be stretched to almost 500% of their length. Spandex fibers are compatible with other materials, and can be spun with other types of fibers to produce unique fabrics, which have characteristics of both fibers. They are generally mixed with synthetic and natural fiber such as polyester or cotton for clothing applications and contributes for a minimal percentage of the final fabric. In developed regions such as North America, spandex fiber is mostly used in women clothing, and also accounts for a significant market share in clothing in economies such as the U.S. The world spandex fiber market was valued at $5,820 million in 2015 and is expected to grow at a CAGR of 8.8% to reach $10,482 million by 2022 end.

The world demand for spandex fiber has witnessed a noticeable growth over the past few years and the trend is expected to continue over the forecast period, owing to increase in demand in numerous applications and continuous investments in R&D to find new commercial avenues. Rise in demand for comfort in sportswear and intimate wear is anticipated influence the market growth. Spandex fiber has high demand in emerging economies such as China, India, and others. However, the increase in use of substitutes is expected to hamper the market growth.

The report segments the world spandex fiber market on the basis of application, production method, and geography. On the basis of application, it is divided into apparel & clothing, home furnishing and others. Based on production type, the market is segmented into solution dry spinning, solution wet spinning and others. Solution dry spinning segment is expected to grow at the fastest rate over the forecast period owing to the ease of production and low costs. Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific is expected to be the largest region, both in terms of value and volume.

Major players in the world spandex fiber market focus on expanding their geographical presence and broaden their product portfolio by means of significant investments, mergers and collaborations in emerging economies. For instance, major companies such as Hyosung Corporation and Invista have made significant investments for the expansion of Spandex fiber capacity in emerging economies such as China, Singapore and Turkey to meet the rapidly growing demand for spandex fibers.

Comprehensive competitive analysis and profiles of major market players in the report are:
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.
Taekwang Industrial Co. Ltd.

KEY MARKET BENEFITS

The study provides an in-depth quantitative analysis of the world spandex fiber market with current trends and future estimations to elucidate the imminent investment pockets.
The report provides the quantitative analysis of the current market and estimations through 2014-2022 to identify the prevailing market opportunities to capitalize on.
Extensive analysis of various production methods of Spandex fiber that can be used to produce spandex fiber of varied denier sizes.
Competitive analysis highlights the business practices followed by leading players across various regions.
An in-depth analysis of current research and clinical developments that affect the market behavior.
Comprehensive analysis of all geographic regions are provided that determines the prevailing opportunities there.
Analysis of key market players and their strategies are discussed to identify the competitive outlook.

KEY MARKET SEGMENT:

The world spandex fiber market is segmented based on production method, application, and geography.

By Production Method

Solution Dry Spinning
Solution Wet Spinning
Others (Melt Extrusion and Reaction Spinning)

By Application

Apparel & Clothing
Sportswear
Casual Wear
Inner Wear
Medical & Healthcare
Others
House Furnishing
Others (Automotive, Sports Accessories, etc.)

BY GEOGRAPHY

North America
U.S.
Canada
Mexic
Europe
Germany
UK
Netherlands
Rest of Europe
Asia-Pacific
Japan
China
South Korea
Rest of Asia-Pacific
LAMEA
Brazil
Argentina
South Africa
Rest of LAMEA
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FEATURED COMPANIES

  • Highsun Group
  • Spandex Corporation Ltd.
  • MORE
CHAPTER 1 INTRODUCTION
1.1. Report Description
1.2. Key Benefits For Stakeholders
1.3. Key Market Segments
1.4. Research methodology

CHAPTER 2 EXECUTIVE SUMMARY
2.1. Market snapshot
2.2. CXO perspective

CHAPTER 3 MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top Investment Pockets
3.2.2. Top winning strategy
3.3. Market Share Analysis, 2015
3.4. Value chain analysis
3.5. Porters Five Forces analysis
3.5.1. Bargaining power of the supplier
3.5.2. Bargaining power of the buyer
3.5.3. Threat of substitute
3.5.4. Competitive rivalry
3.5.5. Threat of new entrants

3.6. Market Dynamics
3.6.1. Drivers
3.6.1.1. Rising Demand and growing application scope In End-user Industries
3.6.1.2. Collaborations & strategic alliances
3.6.1.3. High Performance Properties Coupled with Rising Acceptance of Spandex fiber to Fuel Market Growth
3.6.2. Restraints
3.6.2.1. High threat of Substitutes to hinder market growth
3.6.2.2. Relatively slower economic growth In certain regions of the world coupled with volatility in raw material prices
3.6.3. Opportunity
3.6.3.1. Significant Investments in Research & Development Activities
3.6.3.2. Expansion In The emerging regions such as Asia-Pacific to provide new opportunities
3.7. Typical Properties of Spandex Fiber
3.8. Emerging Trends in Spandex Fiber Market

CHAPTER 4 SPANDEX FIBER MARKET, BY PRODUCTION METHOD
4.1. Overview
4.1.1. Market Size and Forecast
4.2. solution dry spinning
4.2.1. Key Market Trends
4.2.2. Key Growth Factors and Opportunities
4.2.3. Market Size and Forecast
4.3. solution wet spinning
4.3.1. Key Market Trends
4.3.2. Key Growth Factors and Opportunities
4.3.3. Market Size and Forecast

4.4. Others
4.4.1. Key Market Trends
4.4.2. Key Growth Factors and Opportunities
4.4.3. Market Size and Forecast

CHAPTER 5 SPANDEX FIBER MARKET, BY APPLICATION
5.1. Overview
5.1.1. Market Size and Forecast
5.2. apparel & clothing
5.2.1. Key Market Trends
5.2.2. Key Growth Factors and Opportunities
5.2.3. Market Size and Forecast
5.2.4. Sportswear
5.2.5. Casual Wear
5.2.6. Inner Wear
5.2.7. Medical & Health Care
5.2.8. Others

5.3. Home Furnishing
5.3.1. Key Market Trends
5.3.2. Key Growth Factors and Opportunities
5.3.3. Market Size and Forecast
5.4. Others
5.4.1. Key Market Trends
5.4.2. Key Growth Factors and Opportunities
5.4.3. Market Size and Forecast

CHAPTER 6 SPANDEX FIBER MARKET, BY GEOGRAPHY
6.1. Overview
6.1.1. Market Size and Forecast
6.2. North America
6.2.1. Key Market Trends
6.2.2. Key Growth Factors and Opportunities
6.2.3. Market Size and Forecast
6.2.4. U.S.
6.2.5. Canada
6.2.6. Mexico
6.3. Europe
6.3.1. Key Market Trends
6.3.2. Key Growth Factors and Opportunities
6.3.3. Market Size and Forecast
6.3.4. UK
6.3.5. Germany
6.3.6. Netherlands
6.3.7. Rest of Europe
6.4. Asia-Pacific

6.4.1. Key Market Trends
6.4.2. Key Growth Factors and Opportunities
6.4.3. Market Size and Forecast
6.4.4. China
6.4.5. Japan
6.4.6. South Korea
6.4.7. Rest of Asia-Pacific
6.5. LAMEA
6.5.1. Key Market Trends
6.5.2. Key Growth Factors and Opportunities
6.5.3. Market Size and Forecast
6.5.4. Brazil
6.5.5. Argentina
6.5.6. South Africa
6.5.7. Rest of LAMEA

CHAPTER 7 COMPANY PROFILES
7.1. Asahi Kasei Corporation
7.1.1. Overview
7.1.2. Operating Business Segments
7.1.3. Business performance
7.1.4. Key Strategic Moves and Developments

7.2. Hyosung Corporation
7.2.1. Overview
7.2.2. Operating Business Segments
7.2.3. Business performance
7.2.4. Key Strategic Moves and Developments

7.3. Indorama Industries Limited
7.3.1. Overview
7.3.2. Operating Business Segments
7.3.3. Business performance
7.3.4. Key Strategic Moves and Developments

7.4. INVISTA
7.4.1. Overview
7.4.2. Operating Business Segments
7.4.3. Key Strategic Moves and Developments
7.5. Toray Industries, Inc.
7.5.1. Overview
7.5.2. Operating Business Segments
7.5.3. Business performance

7.6. TK Chemical Corporation
7.6.1. Overview
7.6.2. Operating Business Segments
7.6.3. Business performance
7.6.4. Key Strategic Moves and Developments

7.7. Zhejiang Huafon Spandex Co., Ltd.
7.7.1. Overview
7.7.2. Operating Business Segments
7.7.3. Business performance
7.8. Xiamen Lilong Spandex Co., Ltd.
7.8.1. Overview
7.8.2. Operating Business Segments
7.9. Yantai Spandex Co., Ltd.
7.9.1. Overview
7.9.2. Operating Business Segments

7.10. TAEKWANG INDUSTRIAL CO., LTD.
7.10.1. Overview
7.10.2. Operating Business Segments
7.10.3. Business performance
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FEATURED COMPANIES

  • Highsun Group
  • Spandex Corporation Ltd.
  • MORE
Spandex Fiber Market Report, 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.

According to Eswara Prasad, Team Lead Chemical Research at AMR, 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.

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.

Key findings of the study:
Solution dry spinning production method is expected to witness highest CAGR of 8.9% during the forecast period.
Sportswear and inner wear sub-segments together accounted for around three-fourths of the market share in 2015.
Asia-Pacific is anticipated to lead the market demand throughout the forecast period, growing at a high CAGR of 9.5% during the forecast period.
In 2015, China led the world demand in the spandex fiber market.
The world spandex fiber market is moderately consolidated, with top 10 players constituting of approximately 66.8% market share.
Hyosung Corporation leads the world spandex fiber market in 2015, with a market share of around 18.1%.
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.

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.
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  • Xinxiang Bailu Chemical Fibre Group Co. Ltd.
  • Baoding Swan Spandex Co., Ltd.
  • Spandex Corporation Ltd.
  • Jiangsu Shuangliang Spandex Co., Ltd.
  • Highsun Group
  • Yantai Tayho Advanced materials Co. Ltd.
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