The Spandex Market is set to flourish on growing use in athleisure segment

The Spandex Market is set to grow at the highest pace owing to increasing demand from the athleisure wear segment. Spandex or elastane is synthetic fiber known for its exceptional elasticity. It is primarily used in clothing applications that require stretchable fabrics such as sportswear, underwear, swimsuits, and activewear. Spandex provides superior fit, comfort, and flexibility to garments. The rising participation of people in fitness activities and growth of active lifestyle has boosted the sales of athleisure clothing in recent years.

The global spandex market is estimated to be valued at USD 3.24 Billion in 2025 and is expected to reach USD 5.11 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 6.7% from 2025 to 2032.

Key Takeaways
Key players operating in the Spandex are focusing on capacity expansion and new product development to meet the growing demand from end-use industries. For instance, in 2021 Hyosung Corporation inaugurated a new spandex production plant in Thailand to double its production capacity in Southeast Asia.

Spandex Market Demand is driven by surging activewear and athleisure adoption, with the global athleisure market projected to grow from USD 154 Bn in 2020 to USD 248 Bn by 2026 at a CAGR of over 8%.

Technological advancements in spandex fiber such as lightweight, moisture-wicking, and four-way stretch properties have encouraged its use in various sports and active apparel. Brands are focusing on introducing innovative fabrics blended with spandex to provide enhanced comfort and performance to customers.

Market Trends

Development of bio-based spandex: Major players are engaged in the development of bio-based spandex using renewable resources such as sugar beets and corn. This will help reduce dependence on petroleum-based raw materials.
Growing demand for blended fabrics: The incorporation of spandex with other fibers such as cotton, nylon, polyester is gaining popularity due to enhanced functionalities. Manufacturers are offering fabrics blended with up to 15% spandex.

Market Opportunities
Increasing popularity of athleisure concept in developing countries: Countries like India, Brazil, Mexico are witnessing rising health awareness, urbanization, and growing middle-class population which will propel the demand for fitness and casual wear incorporating spandex.
Rising e-commerce channels: Easy product discovery, variety, and discounts offered by online shopping platforms will boost spandex product sales over the forecast period. This will offer opportunities for manufacturers and vendors to reach the target audience.

Impact of COVID-19 on Spandex Market

The COVID-19 pandemic has significantly impacted the growth of the spandex market. During the pre-COVID times, the market was growing at a steady pace due to rising demand from clothing and sports industries. However, the outbreak severely hampered the demand and supply chain activities globally.

The imposition of lockdowns led to a steep decline in demand from end-use industries as operations were halted. Factory shutdowns disrupted the supply of raw materials for spandex manufacturers. This led to a shortage of products in the market. Travel restrictions and border controls further aggravated the supply chain challenges.

The post-COVID scenario is expected to bring positive changes for market growth. With mass vaccination drives and relaxations in imposed norms, economic activities are projected to rebound at a faster pace. This will help restore the demand levels from key end-users like activewear, sports apparel, hosiery, and intimate wear.

Manufacturers are also focusing on adopting advanced technologies and automation to scale up production capabilities. This will assist them in catering to the rising demand and overcoming future disruptions. Players plan to expand their regional footprint and strengthen distribution networks to gain market share in the coming years. Investments in R&D of novel production techniques and bio-based spandex derivatives may open new growth avenues post pandemic.

North America Region Dominates Spandex Market in Terms of Value

North America dominates the global spandex market and accounts for over 30% of the overall market value. The growing demand from activewear and sportswear industries in the US and Canada is a key factor driving the regional market. Major sports brands are aggressively marketing fitness and jogging apparel made using spandex blends.

Changing lifestyles and increasing health consciousness among consumers are further boosting the consumption of such apparel. Regional manufacturers have strong production facilities and distribution networks, helping them establish a significant position. Stringent regulations regarding textile recycling also encourage producers to set up facilities within North America.

Asia Pacific Emerges as Fastest Growing Region for Spandex Market

Asia Pacific is poised to witness the fastest market growth during the forecast period. The presence of developing economies like India and China that have a vast population has bolstered consumer demand. Abundant availability of raw materials and low labor costs allow domestic manufacturers to offer competitive prices.

Countries such as South Korea, Japan, and Taiwan have emerged as top producers/exporters of spandex globally. Investments in cutting-edge technologies by domestic players have augmented their production capabilities. In addition, rising disposable incomes, rapid urbanization, and growing middle-class population are driving the sales of clothing, hosiery and sports goods made using spandex blends across Asia Pacific.

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About Author:

Alice Mutum is a seasoned senior content editor at Coherent Market Insights, leveraging extensive expertise gained from her previous role as a content writer. With seven years in content development, Alice masterfully employs SEO best practices and cutting-edge digital marketing strategies to craft high-ranking, impactful content. As an editor, she meticulously ensures flawless grammar and punctuation, precise data accuracy, and perfect alignment with audience needs in every research report. Alice's dedication to excellence and her strategic approach to content make her an invaluable asset in the world of market insights.

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