Global Spandex Fiber Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Production Method;

Solution Dry Spinning, Solution Wet Spinning, and Others (Melt Extrusion, and Reaction Spinning). By Fiber Type (Polyurethane Spandex, Polyester Spandex, Nylon Spandex, Others.

By Yarn Count;

70 Denier, 100 Denier, 150 Denier, 200 Denier, Others.

By End Use;

Knitwear, Swimwear, Activewear, Medical Textiles, Automotive Interiors, Others.

By Application;

Apparel & Clothing(Sportswear, Casual Wear, Inner Wear, Medical & Healthcare, and Others), Home Furnishing, and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn232794537 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Spandex Fiber Market (USD Million), 2021 - 2031

In the year 2024, the Global Spandex Fiber Market was valued at USD 8,362.00 million. The size of this market is expected to increase to USD 13,963.56 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 7.6%.

Spandex, also known as elastane, is a synthetic fiber characterized by its exceptional elasticity and strength, making it a crucial component in the textile industry. Its ability to stretch up to five times its original length and return to its initial shape has made spandex fibers indispensable in the manufacturing of sportswear, activewear, undergarments, and compression garments. Spandex's lightweight and breathable properties contribute to its popularity in the fashion industry, where it enhances comfort and fit in clothing.

Beyond apparel, the spandex fiber market is expanding into other sectors such as healthcare and automotive industries. In healthcare, spandex is utilized in medical compression garments and surgical textiles due to its supportive and therapeutic qualities. The automotive sector incorporates spandex in seat covers and interior fabrics, benefiting from its durability and resistance to wear and tear. As global demand for flexible, high-performance materials continues to rise, the spandex fiber market is poised for further growth, driven by technological advancements in fiber production and increasing applications across diverse industries worldwide.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Production Method
    2. Market Snapshot, By Yarn Count
    3. Market Snapshot, By End Use
    4. Market Snapshot, By Application
    5. Market Snapshot, By Region
  4. Global Spandex Fiber Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Rise of athleisure and fitness trends
        2. Global expansion of apparel industry
        3. Focus on sustainable production practices
        4. Medical and healthcare textile applications
      2. Restraints
        1. Supply chain disruptions
        2. Limited use in traditional garments
        3. Technical limitations in extreme conditions
      3. Opportunities
        1. Integration of smart textiles
        2. Functional textiles in automotive and industry
        3. Strategic partnerships for market expansion
        4. Mergers and acquisitions in the sector
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Spandex Fiber Market, By Production Method, 2021 - 2031 (USD Million)
      1. Solution Dry Spinning
      2. Solution Wet Spinning
      3. Others
        1. Melt Extrusion
        2. Reaction Spinning
    2. Global Spandex Fiber Market, By Yarn Count, 2021 - 2031 (USD Million)
      1. 70 Denier
      2. 100 Denier
      3. 150 Denier
      4. 200 Denier
      5. Others
    3. Global Spandex Fiber Market, By Application, 2021 - 2031 (USD Million)
      1. Apparel & Clothing
        1. Sportswear
        2. Casual Wear
        3. Inner Wear
        4. Medical & Healthcare
        5. Others
          1. Home Furnishing
          2. Others
    4. Global Spandex Fiber Market, By End Use, 2021 - 2031 (USD Million)
      1. Knitwear
      2. Swimwear
      3. Activewear
      4. Medical Textiles
      5. Automotive Interiors
      6. Others
    5. Global Spandex Fiber Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape Analysis
    1. Company Profiles
      1. Hyosung Corporation
      2. Invista
      3. Asahi Kasei Corporation
      4. Toray Industries, Inc
      5. Indorama Industries Ltd
      6. TK Chemical Corporation
      7. Zhejiang Huafon Spandex Co. Ltd
      8. Xiamen Lilong Spandex Co., Ltd
  7. Analyst Views
  8. Future Outlook of the Market