According to the U.S Federal Trade Commission (FTC), “Spandex is a manufactured fiber in which the fiber-forming substance is a long chain synthetic polymer comprising at least 85% of segmented polyurethane.” This fiber, also known as elastane, is a synthetic long-chain polyurethane-polyurea copolymer composed of rigid diisocyanate segments and flexible macro-glycol segments arranged in a specific order. The fiber is characterized by exceptional stretch and recover properties with relatively higher elongation at break values. These characteristics entail its wide-scale use across a diverse set of applications in textile & clothing and healthcare industries. Some prominent areas of application for spandex fibers include sportswear, casual clothing, home-furnishings, and undergarments. Medical and healthcare-related applications of spandex fibers include diapers, compression stockings & hoses, and bandages.
The global spandex market is expected to expand at a steady CAGR of 10.3% in terms of value over the forecast period, to reach market value of US$ 8,704.6 Mn by 2021.
Demand for Spandex is influenced by a number of factors. Steadily increasing population, coupled with an increase in disposable incomes, especially in developing regions and growing preference for and subsequent adoption of spandex-based stretch clothing in these regions are expected to drive growth of the global spandex market during the forecast period. Besides, increasing demand for use in activewear and sportswear is another major factor expected to fuel growth of the spandex market over the forecast period. Also, growth in demand from the healthcare sector, especially for use in diapers and compression stockings & surgical hoses, is expected to drive growth of the spandex market throughout the forecast period.
Interested in report: Please follow the below links to meet your requirements; Request for the Report Sample: http://www.persistencemarketresearch.com/samples/4358
Persistence Market Research, in its report titled, “Spandex Market: Global Industry Analysis and Forecast, 2015–2020”, has segmented the global spandex market by application, fabric type, downstream process, and region. On the basis of application, the market is segmented into clothing and medical. Clothing segment is sub-segmented into sportswear, home furnishings, underwear, and other clothing. Medical segment has been sub-segmented into diapers, compression stockings & hoses, and other medical applications. On the basis of fabric type, the global spandex market has been segmented into two key segments: two-way and four-way. On the basis of downstream process type, the market has been segmented into knitting, weaving, and yarn covering. Finally, on the basis of region, the overall spandex market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.
View TOC (table of content), Figures and Tables of the Report: http://www.persistencemarketresearch.com/toc/4358
Asia Pacific spandex market is expected to expand at a relatively faster CAGR of 11.0% in terms of value over the forecast period. The market in the region is expected to account for a volume share of around 78.1% in the global spandex market by 2021 end. In terms of value, Asia Pacific is expected to be followed distantly by Middle East & Africa, Latin America, Europe, and North America in that order over the forecast period.
For more info: http://www.persistencemarketresearch.com/contact-us.asp
Key points covered in the report
1) Report segments the market on the basis of types, application, products, technology, etc (as applicable)
2) The report covers geographic segmentation
North America
Europe
Asia
RoW
3) The report provides the market size and forecast for the different segments and geographies for the period of 2010 to 2020
4) The report provides company profiles of some of the leading companies operating in the market
5) The report also provides porters five forces analysis of the market.
About Us
Persistence Market Research (PMR) is a full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. PMR boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients’ business needs.
PMR stands committed to bringing more accuracy and speed to clients’ business decisions. From ready-to-purchase market research reports to customized research solutions, PMR’s engagement models are highly flexible without compromising on its deep-seated research values.
Contact
Persistence Market Research
305 Broadway
7th Floor, New York City,
NY 10007, United States
USA – Canada
Toll Free: +1 800-961-0353
Email: sales@persistencemarketresearch.com
Web: http://www.persistencemarketresearch.com