Global Spandex Fiber Market Is Driven By Increasing Demand For Activewear And Sportswear
Pune, Maharashtra, Jun 17, 2019 (Wired Release) Prudour Pvt. Ltd. – Spandex is a synthetic fiber which is also called as elastane or lycra, and well known for its elasticity. It is made up of polyether-polyurea copolymer, which was produced in the early 1950s as a replacement of rubber. Spandex fibers can be manufactured by using various methods including reaction spinning, solution dry spinning, solution wet spinning, and melt extrusion. Spandex is widely used in sportswear, activewear, casual clothing, home furnishings, bandages, undergarments, compression stocking, and hoses.
Types of spandex fiber are solution dry spinning and solution wet spinning. Solution dry spinning segment to dominate the global spandex fiber market. On the basis of application, the target market is segmented into apparel and clothing and medical and healthcare. Apparel and clothing segment is expected to witness the highest growth in the global spandex fiber market. The region includes North America, Europe, Asia Pacific (APAC), Latin America, and the Middle East and Africa.
Spandex offers superior strength, weight, and versatility which makes it ideal for various kinds of clothing, especially for skin-tight apparels such as shapewear and swimwear. It is mainly used in fabrics due to its properties such as significant strength, the capability to retain its shape after stretching, quick-drying material, smoothness, lightweight nature as compared to other materials. These properties are expected to surge demand for spandex fabric among various end-use industries. Also, increasing demand from the healthcare sector, especially for use in diapers and compression stockings and surgical hoses, is expected to drive the growth of the spandex fiber market throughout the forecast period.
The Asia Pacific is expected to hold a major share in terms of revenue in the global market. This is attributed to industrialization, rapid urbanization, improved standard of living, and low cost of production and processing. In addition, increasing penetration of smartphone, tablets, laptops coupled with expanding e-commerce industry across the globe is resulting in high demand for spandex apparels. Increasing spending capabilities and availability of spandex apparels in a wide range of variety including top wear, bottom wear, and accessories such as belts, gloves, and socks are some factors creating enormous opportunities for the spandex fiber manufacturers and companies to increase production capacities all over the globe. Moreover, increasing popularity of online shopping among millennials due to various benefits provided by e-commerce portals such as the availability of designer and stylish clothes, easy and hassle-free shopping, and discounted prices to the consumers. This is another factor expected to support the growth of the target market over the forecast period.
Key players operating in the global market are Yuwell, Andon, Microlife, SunTech Medical, Health and Life, Rossmax, Bosch Sohn, Welch Allyn, Omron, American Diagnostic, Beurer, Briggs Healthcare, Citizen, and Medisana.