Description

A rapidly growing population combined with rising consumer disposable income is expected to propel the demand for sports and activewear, leading to the growth of the spandex market.The spandex market is expected to grow in the forecast period of 2022 to 2029. Data Bridge Market Research analyses that the market is growing at a CAGR of 5.6% in the forecast period of 2022 to 2029 and is expected to reach USD 1,800,584.13 thousand by 2029. The major restrain that may negatively impact the spandex market is the increasing threat of substitutes such as natural rubber latex (NRL), polybutylene terephthalate (PBT), and relatively slower economic growth in certain regions.

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Market Analysis and Insights: Europe Spandex Market

This spandex market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario contact us for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.  

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Increasing development of innovation in spandex fibers is expected to provide opportunity in the spandex market. However, high price volatility in raw petroleum-based materials is projected to challenge the spandex market growth.

Spandex fiber, also known as Lycra or elastane, is a long-chain polyurethane-polyurea copolymer composed of flexible macro-glycol segments and rigid di-isocyanate segments arranged in a specific order. The fiber is characterized by its exceptional elastic and recovery properties. These characteristics entail its wide-scale use across diverse applications in textile, clothing, and healthcare industries. Some prominent areas of application for spandex fibers include sportswear, casual clothing, undergarments, and home furnishings. Healthcare applications of spandex fiber include compression stockings, hoses, diapers, bandages, and so on.

Europe Spandex Market Scope and Market Size

Europe spandex market is segmented into two segments based on technology and application. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.

• Based on technology, the spandex market is segmented into solution dry-spinning, wet-spinning, and others. In 2022, the solution dry-spinning is expected to dominate the spandex market due to the high spinning speed and greater ease and flexibility in implementing the dry spinning process.
• Based on application, the spandex market is segmented into clothing, medical, and others. In 2022, the clothing segment is expected to dominate the spandex market due to increasing demand in different applications such as sportswear, activewear, intimate wear, and others.

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Major TOC of the Asia Pacific Aesthetic services MarketReport

Chapter One:

MARKET SEGEMENTATION

EXECUTIVE SUMMARY  

PREMIUM INSIGHTS

MARKET OVERVIEW

Competitive Landscape and Spandex Market Share Analysis

Europe spandex market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Europe presence, production sites and facilities, company strengths and weaknesses, product launch, clinical trials pipelines, brand analysis, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the company’s focus related to Europe spandex market. 

The major players covered in the report are

·       HYOSUNG TNC,

·       Asahi Kasei Corporation.,

·       Xinxiang Sunshining Ecotex Clothes Co.,Ltd,

·       TORAY INDUSTRIES, INC.,

·       Mitsubishi Chemical Corporation,

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