Quick Summary:
The ever-evolving Spandex market is projected to accelerate significantly, reaching a remarkable $9.4 Billion by 2030, a clear indicator of the promising investment opportunities within this sector. The growth of this industry is driven by a wide range of sectors with applications ranging from sportswear to medical equipment. This comprehensive report provides an invaluable understanding of the key trends and potential shifts in this market, enabling you to make informed decisions about your strategic investments.
In addition, the report features an extensive analysis of regional markets including the U.S and China, providing you with a global perspective. Notably, China is expected to witness an impressive CAGR of 4.3% up to 2030. Furthermore, you'll be provided with an in-depth competitive landscape of the market with the special features on 41 prominent competitors. From emerging markets to global heavyweights, this report is your gateway to understanding the Spandex market on a holistic level.
Global Spandex Market to Reach $9.4 Billion by 2030
The global market for Spandex estimated at US$7.6 Billion in the year 2022, is projected to reach a revised size of US$9.4 Billion by 2030, growing at a CAGR of 2.6% over the analysis period 2022-2030. Two-Way, one of the segments analyzed in the report, is projected to record 3% CAGR and reach US$6.2 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Four-Way segment is readjusted to a revised 2% CAGR for the next 8-year period.
The U.S. Market is Estimated at $2.1 Billion, While China is Forecast to Grow at 4.3% CAGR
The Spandex market in the U.S. is estimated at US$2.1 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$1.8 Billion by the year 2030 trailing a CAGR of 4.3% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.7% and 2.4% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 2% CAGR.Select Competitors (Total 41 Featured) -
- Asahi Kasei Corporation
- Hyosung Corporation
- Indorama Industries Limited
- INVISTA
- TAEKWANG Industrial Co., Ltd.
- Toray Industries, Inc.
- Xiamen Lilong Spandex Co., Ltd.
- Zhejiang Huafon Spandex Co., Ltd.
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
What is the estimated value of the Global Market for Spandex?
What is the growth rate of the Global Market for Spandex?
What is the forecasted size of the Global Market for Spandex?
Who are the key companies in the Global Market for Spandex?
| Report Attribute | Details |
|---|---|
| No. of Pages | 273 |
| Published | November 2023 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 7.6 Billion |
| Forecasted Market Value ( USD | $ 9.4 Billion |
| Compound Annual Growth Rate | 2.7% |
| Regions Covered | Global |
Table of Contents
Companies Mentioned
A selection of companies mentioned in this report includes:
- Asahi Kasei Corporation
- Hyosung Corporation
- Indorama Industries Limited
- INVISTA
- TAEKWANG Industrial Co., Ltd.
- Toray Industries, Inc.
- Xiamen Lilong Spandex Co., Ltd.
- Zhejiang Huafon Spandex Co., Ltd.
