Spandex Market 2023-2027 Sales & Income, Manufacture Players, Scope, Volume and Value
Market Synopsis According to MRFR analysis, the global Spandex Market is expected to reach over USD 6.78 Billion by the end of 2027 at a CAGR of 7.1%. Spandex is an elastomeric fiber that can be stretched up to 200% of its original shape. These fibers are known for their excellent strength, high stretchability, and better durability as compared to conventional synthetic fabrics. Owing to the aforementioned properties, spandex fibers are blended with other fabrics such as cotton, wool, and silk and are used in numerous clothing applications. Several garments such as Zenati suits, swimsuits, rowing suits, and exercise apparels are incorporated with spandex fibers on the account of its ability to regain the original shape after stretching. Major Market Players The major players in the Spandex Market: Zhejiang Huafon Spandex Co. Ltd. Asahi Kasei Corporation Xiamen Lilong Spandex Co., Ltd DuPont INVISTA TK Chemical Corp. Indorama Industries Limited Yantai Taekwang Industrial Co. Ltd.