According to a CCF Group analysis, spandex exports from China increased by 32% from January to September 2021, compared to a 29% increase in 2019. Turkey remained the most important export market. Turkish, South Korean, Taiwanese, and Egyptian spandex exports accounted for 40% of total exports. From January to September 2021, Chinese spandex exports to Columbia, Turkey, Bangladesh, Taiwan, and India increased from 63 to 134 percent. Chinese spandex is mostly exported from Zhejiang, Jiangsu, Guangdong, Chongqing, Henan, and Shandong. From 2016 to 2023, the worldwide spandex market is expected to develop at a CAGR of more than 8%. It’s also referred to as elastane.
Elastane market expansion is projected to be aided by technological advancements with moisture management capabilities along with performance efficiency. Superior elasticity, restoring original form, durability, lightweight, and UV light resistance are anticipated to boost demand for spandex. Spandex is utilized in the production of leggings, gloves, bicycle jerseys, and competitive swimwear, among other things. Active sports entail strenuous motions that may necessitate garment stretch. The wearer’s mobility may be restricted as a result of this stretch. This can be remedied by the use of spandex.