Spandex Market Expected to Hit US$ 8,704.6 Mn by 2021

“Global Market Study on Spandex Market: High demand for stretchable fabrics in clothing sector to drive growth”

Posted: Tuesday, November 07, 2017 at 11:10 AM CST

New York City, NY -- (SBWire) -- 11/07/2017 --According to a new market report published by Persistence Market Research titled, "Global Market Study on Spandex Market: High demand for stretchable fabrics in clothing sector to drive growth", the global spandex market has been estimated to reach US$ 4,834.8 Mn in 2015, and is expected to expand at a CAGR of 10.3% over 2015-2021, to reach US$ 8,704.6 Mn by 2021.

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In terms of market value, Asia-Pacific is expected to dominate the global spandex market during the forecast period, whereas the Middle East & Africa, Latin America, Europe, and North America are expected to account for a relatively smaller share in the global spandex market value during the forecast period. Asia Pacific is expected to register a CAGR of 11.0% in terms of market value over the forecast period.

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Hyosung Corporation, INVISTA, Asahi Kasei Corporation, and Zhejiang Huafon Spandex Co. Ltd are leading players in the global Spandex market. Other players in the market include Yantai Tayho Advanced Materials Co., Ltd, TK Chemical Corp., Taekwang Industrial Co. Ltd., Jiangsu Shaungliang Spandex Co., Ltd, Xiamen Lilong Spandex Co., Ltd, and Indorama Industries Limited.

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