Spandex Market Poised for Global Expansion: Analysing Technology Trends and Business Opportunities

Spandex Market A Dive from 8.24% CAGR in 2024-30| MarkNtel Advisors

MarkNtel Advisors has recently released an all-encompassing report on Spandex market. The report thoroughly explores the present and future market scenarios, providing valuable insights into market size, share, and competitor segmentation. It also delivers an overview of manufacturers, regions, product categories, and application areas. This extensive research is designed to empower clients with the knowledge required to comprehend and capitalize on market trends for their business strategies.

Forecast 2024-30: Revealing Spandex Market Insights and Analysis

The Global Spandex Market size is valued at around USD 8.3 billion in 2023 and estimated to grow at a CAGR of around 8.24% during the forecast period, i.e., 2024-30.

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Driving Innovation: Exploring the Spandex Market and its Growth Challenge

Global Spandex Market Challenge

Availability of Low-cost Substitutes Impeding the Market Growth – Traditionally, the spandex fiber is manufactured via a specific chemical & catalyst-based process that involves the usage of certain chemicals like macro glycol, diisocyanate monomer, and others, making the production of spandex relatively higher. Hence, due to the increased production costs of spandex, manufacturers' price is significantly higher than other fibers such as nylon, cotton, polyester, and others in order to preserve profitability in their business.

The high cost of the spandex has led the end-user industries like apparel manufacturers, medical textile producers, etc., to incline towards the alternatives & seek cost-effective solutions. Substitutes like polyester, acrylic, etc., offer similar functionality like durability and are less expensive than spandex. As a result, more end-users are using these substitutes in place of spandex, restraining the Global Spandex Market.

Spandex Market: Key Players

The LYCRA Company

-Product Portfolio

-Strategic Alliances or Partnerships

-Recent Developments

-Financial Details

-Others

Jining Ruyi High-tech Fibre Co., Ltd.

-Product Portfolio

-Strategic Alliances or Partnerships

-Recent Developments

-Financial Details

-Others

Hangzhou Qingyun Advanced Materials Co., Ltd.

-Product Portfolio

-Strategic Alliances or Partnerships

-Recent Developments

-Financial Details

-Others

Get More Information On the Spandex Market Report: https://www.marknteladvisors.com/research-library/spandex-market.html

Spandex Market Segmentation Outline:

By Application

-Clothing- Market Size & Forecast 2019-2030F, Thousand Tons

--Sportswear- Market Size & Forecast 2019-2030F, Thousand Tons

--Activewear - Market Size & Forecast 2019-2030F, Thousand Tons

--Others (Swimwear, etc.)- Market Size & Forecast 2019-2030F, Thousand Tons

-Medical- Market Size & Forecast 2019-2030F, Thousand Tons

--Compression Garments & Bandages - Market Size & Forecast 2019-2030F, Thousand Tons

--Elastic Tapes & Wraps - Market Size & Forecast 2019-2030F, Thousand Tons

--Orthopedic Braces - Market Size & Forecast 2019-2030F, Thousand Tons

--Others (Prosthetic Devices, etc.) - Market Size & Forecast 2019-2030F, Thousand Tons

-Home Furnishing- Market Size & Forecast 2019-2030F, Thousand Tons

--Furniture Upholstery- Market Size & Forecast 2019-2030F, Thousand Tons

--Bed Linens- Market Size & Forecast 2019-2030F, Thousand Tons

--Curtains- Market Size & Forecast 2019-2030F, Thousand Tons

--Others (Rugs, Decorative Fabrics, etc.) - Market Size & Forecast 2019-2030F, Thousand Tons

-Automotive- Market Size & Forecast 2019-2030F, Thousand Tons

--Seat Covers- Market Size & Forecast 2019-2030F, Thousand Tons

--Headliners- Market Size & Forecast 2019-2030F, Thousand Tons

--Others- Market Size & Forecast 2019-2030F, Thousand Tons

-Others (Personal Care, Sports Equipment, etc.) - Market Size & Forecast 2019-2030F, Thousand Tons

By Technology

-Dry Spinning- Market Size & Forecast 2019-2030F, Thousand Tons

-Wet Spinning- Market Size & Forecast 2019-2030F, Thousand Tons

-Reaction Spinning- Market Size & Forecast 2019-2030F, Thousand Tons

-Melt Extrusion- Market Size & Forecast 2019-2030F, Thousand Tons

By Region

-North America

-South America

-Europe

-The Middle East & Africa

-Asia-Pacific

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