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Americas Spandex Market Analysis

Report ID: GMI4518 Published Date: August 2024Report Format: PDF
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Americas Spandex Market Analysis

Americas Spandex Market Size, By Application, 2021 - 2032 (USD Million)

The Apparel segment will capture USD 1.56 billion and demonstrate a 12.7% CAGR till 2032. The high elasticity of spandex makes its suitable for home decor products including chair & pillow covers, as it stretches to fit most chairs, allows quick recovery, and is anti-skid. The product offers great convenience on account of its wrinkle-resistance, comfort, softness, and ease of cleaning. Rising inclination towards interior designing for offices and homes will foster North America spandex market demand.

Spandex offers wrinkle & stain resistance properties and UV protection, making it ideal for curtains and party drapes. It provides desirable aesthetic properties, is skin-friendly, durable, and breathable thus stimulating its use as sofa cover. Growing furniture industry owing to increasing construction activities in the region will positively impact Americas spandex market share.

As consumer health consciousness rises and spending increases, the prominence of sports is growing, creating new opportunities for spandex manufacturers. With a heightened interest in sports activities, the demand for spandex fabric is set to surge. Additionally, as construction activities expand in the region, the demand for home furnishings will rise, further propelling the growth of the North American spandex market. 

Spandex finds applications in automotive textiles, including door panel fabrics and car seat covers, and can be blended with other textile materials. Significant R&D investments aimed at innovating textile fibers present promising growth opportunities. With automotive production on the rise in the region, the demand for automotive textiles will increase, thereby stimulating the growth of the market.

Americas Spandex Market Size, 2021 - 2032 (USD Million)

The Americas spandex is projected to achieve USD 2.53 billion, with a CAGR of 12.3% from 2024 to 2032. The Americas spandex market is experiencing dynamic growth, driven by increased demand for activewear and athleisure. Technological advancements are playing a pivotal role, with innovations such as improved fiber elasticity, moisture-wicking properties, and eco-friendly production processes enhancing product performance and sustainability. Companies are investing in R&D to develop a high-performance spandex that offers superior comfort and durability. Additionally, advancements in manufacturing techniques, including 3D knitting and digital printing, are allowing for greater customization and efficiency. The rise in consumer preference for versatile and functional apparel is further fueling market expansion. Environmental concerns are also prompting industry to explore recycled and biodegradable spandex options, aligning with broader sustainability goals. As these trends continue, the spandex market in the Americas is expected to see sustained growth, driven by both technological innovation and evolving consumer demands.

Author: Kiran Pulidindi, Manish Verma
Frequently Asked Question(FAQ) :

Who are the top Americas spandex industry players?+

Hyosung, INVISTA, TK Chemical Corporation, Taekwang Industrial Co. Ltd, Asahi Kasei, American Dyeing & Manufacturing, Toray Industries, Fibertex, Shandong Ruyi Technology Group, Nantong Huamao Industrial Co., Ltd., and Teijin Limited

Why is the use of spandex rising in apparel across the Americas?+

Americas spandex market from the apparel segment will record USD 1.56 billion by 2032 owing to its suitability for home decor products including chair & pillow covers

How big is the Americas spandex market?+

Americas spandex industry size was USD 1.12 billion in 2023 and will grow at a 12.03% CAGR from 2024 to 2032 due to increasing demand for compressional stockings and surgical hoses in the medical sector

Americas Spandex Market Scope

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