Industry Insights
The global Spandex Fiber market is expected to be valued around USD 5.5 Billion by the end of forecast period. Strong demand particularly from apparel and clothing industry is expected to benefit the market growth. Rising urbanization across the globe has catered to a rise in standard of living thus boosting the clothing and apparel industry. This factor is expected to cater to strong demand for spandex fiber from the clothing industry.
The global Spandex Fiber market is segmented on the basis of Product and Application. The global Spandex Fiber market is segmented based on Product as Solution Dry Spinning, Solution Wet Spinning, and Others. Based on Application the global Spandex Fiber market is segregated as Apparel and Clothing, Medical and Healthcare, and Others.
The regional outlook on the global Spandex Fiber market covers regions, such as North America, Europe, Asia-Pacific, and Rest of the World. The Spandex Fiber market for each region is further bifurcated for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.
Competitive Landscape
The spandex fibers industry is characterized by the presence of a large number of industry participants. The market can be termed as fragmented with respect to the overall company market share.
The global Spandex Fiber market is highly competitive in nature with major players including Hyosung Corporation, Zhejiang Huafon Spandex Co. Ltd., Invista, ZheJiang Huahai Machinery Group, Highsun Group, Xinxiang Bailu Chemical Fibre Group Co. Ltd., Asahi Kasei Corporation, Yantai Tayho Advanced Materials Co. Ltd., Jiangsu Shuangliang Spandex Co., Ltd., Taekwang Industrial Co. Ltd., TK Chemical Corporation, Xiamen Lilong Spandex Co., Ltd., Indorama Corporation, Toray Industries, Shandong Ruyi, and others. The report covers competitive analysis on the key market share holders. The companies are focused on several expansion and growth strategies to enhance their footprint in the Spandex Fiber market. Market players are also involved in value chain integration gain competitive advantage.
Report Scope:
The Spandex Fiber market report scope covers the in-depth business analysis considering major market dynamics, forecast parameters, and price trends for the industry growth. The report forecasts market sizing at global, regional and country levels, providing comprehensive outlook of industry trends in each market segments and sub-segments from 2017 to 2024. The market segmentations include,
Spandex Fiber Market, By Product
• Solution Dry Spinning
• Solution Wet Spinning
• Others
Spandex Fiber Market, By Application
• Apparel and Clothing
• Medical and Healthcare
• Others
Spandex Fiber Market, By Region
• North America
• Europe
• Asia-Pacific
• Rest of the World
The report scope also includes competitive landscape covering the competitive analysis, strategy analysis and company profiles of the major market players. The companies profiled in the report include Hyosung Corporation, Zhejiang Huafon Spandex Co. Ltd., Invista, ZheJiang Huahai Machinery Group, Highsun Group, Xinxiang Bailu Chemical Fibre Group Co. Ltd., Asahi Kasei Corporation, Yantai Tayho Advanced Materials Co. Ltd., Jiangsu Shuangliang Spandex Co., Ltd., Taekwang Industrial Co. Ltd., TK Chemical Corporation, Xiamen Lilong Spandex Co., Ltd., Indorama Corporation, Toray Industries, Shandong Ruyi, and others. Company profiles cover company overview, product landscape, financial overview, and strategy analysis.
Report Highlights
• Global Spandex Fiber market sizes from 2017 to 2024
• Market growth projections through 2024 and the resultant market forecast for 2024
• Impact of the market dynamics including market drivers, restraints and opportunities in the market size
• Key industry trends, product trends, and application trends
• Major driving/ leading segmentations, regions and countries in the global Spandex Fiber market
• Competitive analysis with comprehensive company profiles of the leading industry players
• In-depth analysis on growth and expansion strategies adopted by market players and their resulting effect on market growth and competition
Report Customizations
The customization research services cover the additional custom report features such as additional regional and country level analysis as per the client requirements.
Table of Contents
1. Introduction
1.1 Key Insights
1.2 Report Overview
1.3 Markets Covered
1.4 Stakeholders
2. Research Methodology
2.1 Research Scope
2.2 Market Research Process
2.3 Research Data Analysis
2.4.1 Secondary Research
2.4.2 Primary Research
2.4.3 Models for Estimation
2.5 Market Size Estimation
2.5.1 Bottom-Up Approach - Segmental Market Analysis
2.5.2 Top-Down Approach - Parent Market Analysis
3. Executive Summary
4. Market Overview
4.1 Introduction
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Challenges
4.2 Porter's Five Force Analysis
5. Spandex Fiber Market, By Product
5.1 Introduction
5.2 Solution Dry Spinning
5.2.1 Market Overview
5.2.2 Market Size and Forecast
5.3 Solution Wet Spinning
5.3.1 Market Overview
5.3.2 Market Size and Forecast
5.4 Others
5.4.1 Market Overview
5.4.2 Market Size and Forecast
Spandex Fiber Market, By Application
6.1 Introduction
6.2 Apparel and Clothing
6.2.1 Market Overview
6.2.2 Market Size and Forecast
6.3 Medical and Healthcare
6.3.1 Market Overview
6.3.2 Market Size and Forecast
6.4 Others
6.4.1 Market Overview
6.4.2 Market Size and Forecast
7. Spandex Fiber Market, By Geography
7.1 Introduction
7.2 North America
7.2.1 North America Spandex Fiber, By Product
7.2.2 North America Spandex Fiber, By Application
7.3 Europe
7.3.1 Europe Spandex Fiber, By Product
7.3.2 Europe Spandex Fiber, By Application
7.4 Asia-Pacific
7.4.1 Asia-Pacific Spandex Fiber, By Product
7.4.2 Asia-Pacific Spandex Fiber, By Application
7.5 Rest of the World
7.5.1 Rest of the World Spandex Fiber, By Product
7.5.2 Rest of the World Spandex Fiber, By Application
8. Competitive Insights
8.1 Key Insights
8.2 Company Market Share Analysis
8.3 Strategic Outlook
8.3.1 Mergers & Acquisitions
8.3.2 New Product Development
8.3.3 Portfolio/Production Capacity Expansions
8.3.4 Joint Ventures, Collaborations, Partnerships & Agreements
8.3.5 Others
9. Company Profiles
9.1 Hyosung Corporation
9.1.1 Company Overview
9.1.2 Product/Service Landscape
9.1.3 Financial Overview
9.1.4 Recent Developments
9.2 Zhejiang Huafon Spandex Co. Ltd.
9.2.1 Company Overview
9.2.2 Product/Service Landscape
9.2.3 Financial Overview
9.2.4 Recent Developments
9.3 Invista
9.3.1 Company Overview
9.3.2 Product/Service Landscape
9.3.3 Financial Overview
9.3.4 Recent Developments
9.4 ZheJiang Huahai Machinery Group
9.4.1 Company Overview
9.4.2 Product/Service Landscape
9.4.3 Financial Overview
9.4.4 Recent Developments
9.5 Highsun Group
9.5.1 Company Overview
9.5.2 Product/Service Landscape
9.5.3 Financial Overview
9.5.4 Recent Developments
9.6 Xinxiang Bailu Chemical Fibre Group Co. Ltd.
9.6.1 Company Overview
9.6.2 Product/Service Landscape
9.6.3 Financial Overview
9.6.4 Recent Developments
9.7 Asahi Kasei Corporation
9.7.1 Company Overview
9.7.2 Product/Service Landscape
9.7.3 Financial Overview
9.7.4 Recent Developments
9.8 Yantai Tayho Advanced Materials Co. Ltd.
9.8.1 Company Overview
9.8.2 Product/Service Landscape
9.8.3 Financial Overview
9.8.4 Recent Developments
9.9 Jiangsu Shuangliang Spandex Co., Ltd.
9.9.1 Company Overview
9.9.2 Product/Service Landscape
9.9.3 Financial Overview
9.9.4 Recent Developments
9.10 Taekwang Industrial Co. Ltd.
9.10.1 Company Overview
9.10.2 Product/Service Landscape
9.10.3 Financial Overview
9.10.4 Recent Developments
9.11 TK Chemical Corporation
9.11.1 Company Overview
9.11.2 Product/Service Landscape
9.11.3 Financial Overview
9.11.4 Recent Developments
9.12 Xiamen Lilong Spandex Co., Ltd.
9.12.1 Company Overview
9.12.2 Product/Service Landscape
9.12.3 Financial Overview
9.12.4 Recent Developments
9.13 Indorama Corporation
9.13.1 Company Overview
9.13.2 Product/Service Landscape
9.13.3 Financial Overview
9.13.4 Recent Developments
9.14 Toray Industries
9.14.1 Company Overview
9.14.2 Product/Service Landscape
9.14.3 Financial Overview
9.14.4 Recent Developments
9.15 Shandong Ruyi
9.15.1 Company Overview
9.15.2 Product/Service Landscape
9.15.3 Financial Overview
9.15.4 Recent Developments
SDMR employs a three way data triangulation approach to arrive at market estimates. We use primary research, secondary research and data triangulation by top down and bottom up approach
Secondary Research:
Our research methodology involves in-depth desk research using various secondary sources. Data is gathered from association/government publications/databases, company websites, press releases, annual reports/presentations/sec filings, technical papers, journals, research papers, magazines, conferences, tradeshows, and blogs.
Key Data Points through secondary research-
Macro-economic data points
Import Export data
Identification of major market trends across various applications
Primary understanding of the industry for both the regions
Competitors analysis for the production capacities, key production sites, competitive landscape
Key customers
Production Capacity
Pricing Scenario
Cost Margin Analysis
Key Data Points through primary research-
Major factors driving the market and its end application markets
Comparative analysis and customer analysis
Regional presence
Collaborations or tie-ups
Annual Production, and sales
Profit Margins
Average Selling Price
Data Triangulation:
Data triangulation is done using top down and bottom approaches. However, to develop accurate market sizing estimations, both the methodologies are used to accurately arrive at the market size. Insert Image