Market Study : Spandex Industry Research Report 2014 to 2021
Spandex are synthetic material that has elastic properties. It was first produced by E. I. du Pont de Nemours and Company. These fibers have the ability to be stretched upto 500% without breaking them. They possess properties such as elasticity, strength, lightweight, soft, smooth, supple, durability, high retractivity, abrasion resistant, and many more properties.
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Spandex are produced by melt extrusion, reaction spinning, solution dry spinning, and solution wet spinning. Solution dry spinning method is the widely used method worldwide for the production of this fiber.
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A. Drivers :
1. Wide ranging applications across various industriesSpandex is widely used for garments that require comfort and proper fitting such as hosiery, swimsuits, aerobic/exercise wear, ski pants, golf jackets, disposable diaper, waist bands, bra straps and bra side panels. In addition, it is used in compression garments such as surgical hose, support hose, bicycle pants, foundation garments; and shaped garments like bra cups.
2. Growing demand from apparel and textile industry
B. Restraints :
1. Natural latex (Natural fiber) is a close substitute
C. Market Analysis :
Spandex market attractiveness analysis has been included in order to analyze the application segments that are estimated to be lucrative during the forecast period on the basis of their market size and growth rate. Attractiveness of the market has been derived from market size, profit margin, growth rate, availability of raw materials, competition, and other factors such as social and legal constraints. The spandex market has been segmented based on applications such as automotive textile, sportswear, textile and others.
D. Insight Region Of Markets :
In terms of geography, the spandex market has been segmented into regions such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The study provides a detailed view of country-level aspects of the market on the basis of application segments and estimates the market in terms of revenue and volume during the forecast period.
E. Methodology :
Combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific Details on methodology used for this report can be provided on demand.
SEGMENTATIONS IN REPORT :
Spandex By Applications :
1. Automotive Textile