Spandex Fiber Market

Global Spandex Fiber Market:

The global spandex fiber market size reached USD 8.6 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 12.9 Billion by 2033, exhibiting a growth rate (CAGR) of 4.36% during 2025-2033. The growing demand for comfortable, stretchy clothing in the apparel industry is stimulating the market.

Spandex Fiber Market Analysis:

• Major Market Drivers: The increasing trend of sports and fitness activities is driving the demand for flexible fiber in activewear, further propelling the market.
• Key Market Trends: The rising awareness of eco-friendly textiles is encouraging manufacturers to innovate with sustainable options, which is acting as a significant growth-inducing factor.
• Competitive Landscape: Some of the major market companies include Asahi Kasei Corporation, BASF SE, Huafon Chemical Co. Ltd., Hyosung Corporation, Indorama Corporation, Invista (Koch Industries Inc.), Mitsubishi Chemical Corporation, Taekwang Industrial Co.Ltd, Teijin Limited, TK Chemical Corporation, Toray Industries Inc., Xiamen Lilong Spandex Co. Ltd., and Yantai Tayho Advanced Materials Co. Ltd., among many others.
• Geographical Trends: Asia Pacific represents the largest region for spandex fiber. Large textile manufacturing base, growing population, increasing sportswear demand, and rising healthcare applications across the region, are augmenting the market in the region.
• Challenges and Opportunities: The high production cost for spandex fiber is primarily hindering the market. However, investing in advanced manufacturing technologies that improve efficiency and reduce expenses will continue to strengthen the market over the forecasted period.

Spandex Fiber Market Trends:

Rising Demand for Sustainable Spandex

Increasing consumer preference for eco-friendly clothing is driving the demand for spandex made from renewable or recycled materials. In addition, fashion brands and manufacturers are focusing on reducing their environmental footprint by adopting spandex fibers that offer lower carbon emissions and are more sustainable in production. For instance, in September 2024, The LYCRA Company announced the introduction of bio-derived LYCRA fiber, made with QIRA, marking the first renewable spandex available at scale. It will reduce LYCRA fiber’s carbon footprint by up to 44%, thereby supporting sustainable fashion solutions.

Advanced Spandex Technology Elevating Fabric Performance

Technological innovations in spandex fiber production techniques have led to enhanced fabric versatility by improving its dyeability, elasticity, and durability. Moreover, these advancements allow for more vibrant colors, greater design flexibility, and increased performance in various applications, from activewear to intimate apparel, while also reducing environmental impact through efficient resource use. For instance, in August 2024, Birla Cellulose and Hyosung introduced an innovative line of cellulosic knits featuring CREORA Color+ Spandex. This dyeable spandex ensures vibrant color and elasticity in natural fabrics, thereby enhancing design flexibility for intimate apparel and activewear while supporting sustainability through reduced water and energy usage.

Growing Production Capacity for Bio-Based Fibers

Investments in bio-based spandex production are significantly increasing, to meet the rising demand for sustainable textile solutions. Furthermore, companies are scaling up production capabilities for bio-derived fibers to reduce reliance on petrochemicals, thereby supporting both the fashion industry's environmental goals and the need for innovative, eco-friendly spandex materials. For instance, in April 2024, Hyosung announced a $1 billion investment in a Vietnam facility to produce biobased 1,4-butanediol (BDO), a spandex precursor. They aim to produce 50,000 metric tons of biobased BDO annually by 2026 using Genomatica’s fermentation technology, enhancing sustainable spandex production, and elevating the spandex market revenue.

Global Spandex Fiber Industry Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with the spandex fiber market forecast at the global, regional, and country levels for 2025-2033. Our report has categorized the market based on fabric type, production method, and application.

Breakup by Fabric Type:

• Two-Way
• Four-Way
   

The report has provided a detailed breakup and analysis of the market based on the fabric type. This includes two-way and four-way.

Two-way spandex stretches in one direction, usually horizontally, and offering limited flexibility. On contrary, four-way spandex stretches both vertically and horizontally, thereby providing greater comfort and movement.

Breakup by Production Method:

• Solution Dry Spinning
• Solution Wet Spinning
• Others
   

Solution dry spinning currently holds the largest spandex fiber market demand

The report has provided a detailed breakup and analysis of the market based on the production method. This includes solution dry spinning, solution wet spinning, and others. According to the report, solution dry spinning represented the largest market segmentation.

Solution dry spinning is commonly used to produce spandex fibers, where a polymer solution is extruded, evaporating the solvent, and leaving solid filaments. For example, Hyosung launched Creora Color+ spandex, using this method to enhance colorfastness.

Breakup by Application:

• Apparel and Clothing
  • Sportswear
  • Casual Wear
  • Inner Wear
  • Medical and Healthcare
  • Others
• Home Furnishing
• Others
   

Apparel and clothing currently hold the largest spandex fiber market statistics

The report has provided a detailed breakup and analysis of the market based on the application. This includes apparel and clothing (sportswear, casual wear, inner wear, medical and healthcare, and others), home furnishing, and others. According to the report, apparel and clothing represented the largest market segmentation.

Spandex fiber is widely used in apparel for its stretchability, offering comfort and flexibility in activewear, yoga pants, and sportswear. For example, brands like Nike and Adidas have integrated spandex in their performance clothing lines for better mobility.

Breakup by Region:

• North America
  • United States
  • Canada
• Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa
   

Asia-Pacific currently dominates the spandex fiber market outlook

The market research report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and the Middle East and Africa. According to the report, Asia-Pacific accounted for the largest market share. 

According to the spandex market overview, Asia-Pacific exhibits a clear dominance in the market due to its large textile manufacturing base and growing demand for activewear, sportswear, and medical applications. In addition, countries like China and India contribute significantly with their expansive production facilities, thereby boosted output to meet the region's needs. Furthermore, expanding production capacities in China, further solidify the region's dominance, thereby catering to the rising demand for stretchable fabrics across various industries.

Competitive Landscape:

The spandex fiber market research report has provided a comprehensive analysis of the competitive landscape. Detailed profiles of all major market companies have also been provided. Some of the key players in the market include:

• Asahi Kasei Corporation
• BASF SE
• Huafon Chemical Co. Ltd.
• Hyosung Corporation
• Indorama Corporation
• Invista (Koch Industries Inc.)
• Mitsubishi Chemical Corporation
• Taekwang Industrial Co.Ltd
• Teijin Limited
• TK Chemical Corporation
• Toray Industries Inc.
• Xiamen Lilong Spandex Co. Ltd.
• Yantai Tayho Advanced Materials Co. Ltd.
   

(Please note that this is only a partial list of the key players, and the complete list is provided in the report.)

 Spandex Fiber Market Recent Developments:

• September 2024: The LYCRA Company announced the introduction of bio-derived LYCRA fiber, made with QIRA, which will reduce LYCRA fiber’s carbon footprint by up to 44%.
• August 2024: Birla Cellulose and Hyosung introduced an innovative line of cellulosic knits featuring CREORA Color+ Spandex. This dyeable spandex ensures vibrant color and elasticity in natural fabrics, enhancing design flexibility for intimate apparel and activewear.
• February 2024: Indorama India expanded its spandex fiber production to 20,000 tons annually, capitalizing on growing demand for spandex-blended clothing. The company focuses on sustainability with products like ECOModa-100, recycled spandex, and serves both domestic and international markets under its Inviya brand.

Spandex Fiber Market Report Scope:

Key Benefits for Stakeholders:

• IMARC's industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the spandex fiber market from 2019-2033.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the global spandex fiber market.
• The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
• Porter's five forces analysis assists stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the spandex fiber industry and its attractiveness.
• The competitive landscape allows stakeholders to understand their competitive environment and provides insight into the current positions of key players in the market.