A recent report released by QY Research, tilted “Global Spandex Fiber Market Research Report 2019,”provides an extensive analysis of applications, product type, key market drivers, regional analysis, trends, and opportunities for the market. The study also offers a detailed quantitative analysis. It offers an evaluation of the present and future market scenario of the spandex fiber market for the forecast period.
The analysts at the QY Research predicts that the global spandex fiber market will reach US$8191.1 mn by 2025 form US$5237.8 mn in 2018. The market will register a CAGR of 6.65% over the forecast period.
Global Spandex Fiber Market: Trends and Opportunities
The global market for spandex fiber will be witnessing robust growth due to factors such as increasing population coupled with growing disposable income, rising preference for and subsequent adoption of spandex-based stretch clothing in the near future. Growing demand for spandex fiber in various end-use industries, strategic alliances, and collaborations between the key players and high-performance properties of the fabric coupled with increasing acceptance of spandex fiber are the other factors that are likely to fuel the growth of the market.
Besides, growing demand for use in sportswear and activewear is also supporting the growth of the market. Rising use of spandex in the healthcare sector mainly for the use in the compress bandage, surgical hoses, and diapers are also anticipated to thrive the market.
Global Spandex Fiber Market: Segment Analysis
The market is segmented into application and product type. The application segment includes medical & healthcare, apparel & clothing, and others. Apparels and clothing segment will dominate the global market for spandex fiber because of the growing per capita income of the consumers.
The product type segment includes solution wet spinning, solution dry spinning, and others. Solution dry spinning segment is likely to dominate the market due to its cost-effective process.
Global Spandex Fiber Market: Regional Outlook
Asia Pacific is the largest growing region for spandex fiber market due to increasing per capita income and rising foreign investments in emerging economies such as China and India. North America is also likely to expand the spandex fiber market due to the presence of various manufacturers in this region. Increasing participation in sporting activities in both the regions is expected to favor market growth in the coming years.
Global Spandex Fiber Market: Top Players
Zhejiang Huafon Spandex Co. Ltd., Shandong Ruyi, Hyosung Corporation, Yantai Tayho Advanced Materials Co. Ltd., Xinxiang Bailu Chemical Fibre Group Co. Ltd., Toray Industries, Indorama Corporation, Invista, Xiamen Lilong Spandex Co., Ltd., Zhejiang Huahai Machinery Group, Jiangsu Shuangliang Spandex Co., Ltd., Asahi Kasei Corporation, TK Chemical Corporation, Highsun Group, and Taekwang Industrial Co. Ltd. are the key players that are operating in the global market for spandex fiber.
Global Spandex Fiber Market: Competitive Landscape
The report contains the key profiles of the top players and also provides their strategies to develop the innovative product, mergers and acquisitions, joint ventures, and collaborations. The SWOT analysis and Porter’s five force models have also been included in the report to explain the competitive analysis and its impact on the global market
Full Report Overview@ https://www.qyresearch.com/index/detail/1214050/global-spandex-fiber-market