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Companies include, Hyosung, with its creora spandex, has enhanced market offerings by providing high-performance, durable fibers ideal for activewear and fashion. INVISTA, the producer of Lycra, is a market leader known for its innovative spandex fibers that set industry benchmarks for superior stretch and recovery. TK Chemical Corporation has strengthened the market with cost-effective, reliable spandex solutions suitable for a variety of applications. Meanwhile, Taekwang Industrial Co. Ltd contributes high-elasticity, durable spandex products that meet the growing demand for versatile and quality fabrics. Collectively, these companies drive innovation, quality, and competition, shaping the spandex landscape in the Americas.
Top companies operating in the industry include:
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
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
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