The global spandex fiber market size reached USD 8.6 Billion in 2024. Looking forward, the market is projected to reach USD 12.9 Billion by 2033, exhibiting a growth rate (CAGR) of 4.36% during 2025-2033. The growing demand for comfortable, stretchy clothing in the apparel industry is stimulating the market.
Spandex fiber, also known as elastane, is a man-made fiber that is lightweight, smooth and possesses unique elasticity. It is abrasion-resistant and demonstrates negligible damage from needle cutting when stitched as compared to other elastic materials. In addition, it offers several advantages, including durability; resistance against body oils, perspiration, lotions, and detergents; and no static and pilling problems. As a result, it is widely used in the manufacturing of athletic, aerobic, exercise apparel, swim and bathing suits, brassiere straps and bra side panels, ski pants, slacks, hosiery, socks, belts, surgical hose, bicycle pants, foundation, and shaped garments.
2. What is the expected growth rate of the global spandex fiber market during 2025-2033?
3. What are the key factors driving the global spandex fiber market?
4. What has been the impact of COVID-19 on the global spandex fiber market growth?
5. What is the breakup of the global spandex fiber market based on the production method?
6. What is the breakup of the global spandex fiber market based on the application?
7. What are the key regions in the global spandex fiber market?
8. Who are the key players/companies in the global spandex fiber market?
Spandex fiber, also known as elastane, is a man-made fiber that is lightweight, smooth and possesses unique elasticity. It is abrasion-resistant and demonstrates negligible damage from needle cutting when stitched as compared to other elastic materials. In addition, it offers several advantages, including durability; resistance against body oils, perspiration, lotions, and detergents; and no static and pilling problems. As a result, it is widely used in the manufacturing of athletic, aerobic, exercise apparel, swim and bathing suits, brassiere straps and bra side panels, ski pants, slacks, hosiery, socks, belts, surgical hose, bicycle pants, foundation, and shaped garments.
Spandex Fiber Market Trends:
The growing utilization of spandex fiber in swimming and cycling garments worldwide represent one of the key factors driving the market. Moreover, governments of several countries are focusing on encouraging students to participate in sports. This, along with the rising demand for rapid dry and comfortable fabrics for activewear, is propelling the growth of the market. In addition, there is a rise in the utilization of spandex fiber in the healthcare industry to manufacture pressure diapers, compression stockings, surgical hoses, and bandages across the globe. This, coupled with the increasing employment of spandex fiber in the automotive industry to make door panel fabrics, is positively influencing the market. Besides this, the escalating demand for textiles around the world is offering lucrative growth opportunities to investors and end-users. Furthermore, key market players are focusing on the capacity and business expansions, partnerships, and mergers and acquisitions (M&A) to expand their customer base. These players are also extensively investing in research and development (R&D) activities to enhance product quality, which is projected to augment their overall sales and profitability.Market Segmentation:
This report provides an analysis of the key trends in each segment of the market, along with the spandex fiber market forecast at the global, regional, and country levels for 2025-2033. The report categorizes the market based on fabric type, production method, and application.Breakup by Fabric Type:
- Two-Way
- Four-Way
Breakup by Production Method:
- Solution Dry Spinning
- Solution Wet Spinning
- Others
Breakup by Application:
- Apparel and Clothing
- Sportswear
- Casual Wear
- Inner Wear
- Medical and Healthcare
- Others
- Home Furnishing
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Asahi Kasei Corporation, BASF SE, Huafon Chemical Co. Ltd., Hyosung Corporation, Indorama Corporation, Invista (Koch Industries Inc.), Mitsubishi Chemical Corporation, Taekwang Industrial Co.Ltd, Teijin Limited, TK Chemical Corporation, Toray Industries Inc., Xiamen Lilong Spandex Co. Ltd. and Yantai Tayho Advanced Materials Co. Ltd.Key Questions Answered in This Report
1. What was the size of the global spandex fiber market in 2024?2. What is the expected growth rate of the global spandex fiber market during 2025-2033?
3. What are the key factors driving the global spandex fiber market?
4. What has been the impact of COVID-19 on the global spandex fiber market growth?
5. What is the breakup of the global spandex fiber market based on the production method?
6. What is the breakup of the global spandex fiber market based on the application?
7. What are the key regions in the global spandex fiber market?
8. Who are the key players/companies in the global spandex fiber market?
Table of Contents
1 Preface3 Executive Summary11 Value Chain Analysis13 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Spandex Fiber Market
6 Market Breakup by Fabric Type
7 Market Breakup by Production Method
8 Market Breakup by Application
9 Market Breakup by Region
10 SWOT Analysis
12 Porters Five Forces Analysis
14 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- Asahi Kasei Corporation
- BASF SE
- Huafon Chemical Co. Ltd.
- Hyosung Corporation
- Indorama Corporation
- Invista (Koch Industries Inc.)
- Mitsubishi Chemical Corporation
- Taekwang Industrial Co.Ltd
- Teijin Limited
- TK Chemical Corporation
- Toray Industries Inc.
- Xiamen Lilong Spandex Co. Ltd.
- Yantai Tayho Advanced Materials Co. Ltd.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 141 |
| Published | May 2025 |
| Forecast Period | 2024 - 2033 |
| Estimated Market Value ( USD | $ 8.6 Billion |
| Forecasted Market Value ( USD | $ 12.9 Billion |
| Compound Annual Growth Rate | 4.6% |
| Regions Covered | Global |
| No. of Companies Mentioned | 13 |
