Spandex Fiber Market 2016 - Global Forecasts to 2020 for the $3.5 Billion Industry Featuring Hyosung, Du Pont, Teijin , Toray Industries, Asahi Kasei, Far Eastern New Century & INVISTA

Jan 27, 2016, 11:10 ET from Research and Markets

DUBLIN, Jan. 27, 2016 /PRNewswire/ --

Research and Markets ( has announced the addition of the "Spandex Fiber Market by Production Process (Solution Dry Spinning, and Solution Wet Spinning), by End-Use (Textile, and Healthcare) & by Region (Asia-Pacific, North America, Europe, and RoW) - Forecast to 2020" report to their offering.

The global spandex fiber market was valued at USD 3.57 Billion in 2014, and is expected to grow at a CAGR of 7.2% between 2015 and 2020

Increasing disposable income in the emerging economies such as China, Japan, India, and others is increasing demand for textile products. Textile being the major segment, is fueling the growth of the spandex fiber market.

Manufacturing of spandex fiber entails two processes, namely, solution dry spinning and solution wet spinning. These two processes are covered in the segment of production process of this market. The solution dry spinning is the most cost efficient process, the fibers manufactured through this process offer better elastic recovery. This is the reason why it accounts for the largest market share out of the two manufacturing processes.

Textile is the fastest-growing segment in the spandex fiber market. The demand for applications such as sport wear, active wear, intimate wear, and others is increasing and hence the segment is growing. Spandex fiber has unmatched physical and chemical qualities, which makes it the most favorable choice for fabric manufacturers. Other than the textile industry, spandex is also used in the healthcare industry in applications such as stretchable bandages, compress bandages, and medical housing. This segment is witnessing higher growth from the European region, due to large number of bandages manufacturers present in the region.

The market in the APAC region accounts the largest share and is expected to grow at the highest CAGR during the forecast period. The increasing demand of textile products in the economies such as China, Japan, India, and South Korea among many others drives the spandex fiber market in this region. Also, the presence of large number of local players in china are contributing towards the growth of spandex fiber market.

However, this fiber if exposed to high temperature can damage the structure of the fiber and cause the fiber to shrink. This fiber can also cause skin allergies, as several chemicals are used in the manufacturing of the fiber.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Industry Trends

7 Spandex Fiber Market, By Production Process

8 Spandex Fiber Market, By End Use Industry

9 Spandex Fiber Market, By Region

10 Competitive Landscape

11 Company Profiles

  • Acelon Chemical And Fiber Corporation
  • Asahi Kasei Corporation
  • E. I. Du Pont De Nemours And Company
  • Far Eastern New Century Corporation
  • Hyosung Corporation
  • Indorama Corporation
  • Invista
  • Teijin Limited
  • Toray Industries Inc.
  • Toyobo Co., Ltd

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SOURCE Research and Markets