Tuesday, June 25, 2024
spot_imgspot_img
spot_imgspot_img
HomeNews & ViewsBusiness FocusThe spandex market is expected to grow

The spandex market is expected to grow

spandex-market-390x220The spandex market is expected to grow with the recovery in the US economy post-recession. Technology advancement with moisture management properties coupled with performance efficiency is likely to benefit elastane market growth. The global spandex market is estimated to grow at a CAGR of more than eight per cent from 2016 to 2023. It is also commonly known as elastane.

Increase in automobile production, particularly in the Asia Pacific, is likely to drive market growth. In the Asia Pacific, the Chinese spandex market size accounted for more than 60 per cent of the total volume in 2015. In 2012, China had around 30 manufacturing units with a total capacity of 520 kilo tons with domestic production exceeding 320 kilo tons in the same year. 40D and 20D are major products manufactured in China.
Factors such as superior elasticity, regaining original shape, durability, lightweight, resistance to UV light are likely to favor spandex market demand. Spandex is used in textile manufacturing applications such as leggings, gloves, cycling jerseys and competitive swimwear. Strenuous movements are involved in active sports that may require garment stretch. This stretch can result in movement restriction for the wearer. This can be overcome by using spandex material.

Weekly Newsletter

Get hand picked industry updates delivered straight to your inbox
SUBSCRIBE

YOU MAY ALSO LIKE

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement - spot_img

Join Our Weekly Newsletter

Get hand picked industry updates delivered straight to your inbox
Sign Me Up
- Industry Associate - spot_img

Upcoming Events

Simillar News

Recent Random

Together, we can weave a future where sustainability is not the exception but the norm

IntroductoryAs a legitimate representative of USB Certification Bangladesh, I am honored to address all of you regarding the vital sustainable sectors in the textile...

Renewcell Bankruptcy: A Setback for Circular Fashion Technology

Introduction: Renewcell offered hope in sustainable fashion, where creativity and environmental awareness coexist. The Swedish company, known for its innovative work in circular fashion...

Late Sowing? No Problem! Revolutionize Cotton Harvest with Cutting-Edge Canopy Management Strategies

Cotton is vital to Pakistan's economy, contributing 0.8% to the GDP and 4.1% to agricultural value addition. As the world's 5th largest cotton producer,...
Get hand picked industry updates delivered straight to your inbox
Sign Me Up

Weekly Newsletter

Get hand picked industry updates delivered straight to your inbox
SUBSCRIBE