Global Spandex Fiber Market to Register a CAGR of 6.65% by 2025

Publisher: QYResearch
Published Date: 2019/7/30

The global market for spandex fiber will be witnessing robust growth due to factors such as increasing population coupled with growing disposable income, rising preference for and subsequent adoption of spandex-based stretch clothing in the near future. Growing demand for spandex fiber in various end-use industries, strategic alliances, and collaborations between the key players and high-performance properties of the fabric coupled with increasing acceptance of spandex fiber are the other factors that are likely to fuel the growth of the market.

Besides, growing demand for use in sportswear and activewear is also supporting the growth of the market. Rising use of spandex in the healthcare sector mainly for the use in the compress bandage, surgical hoses, and diapers are also anticipated to thrive the market.

The analysts at the QY Research predicts that the global spandex fiber market will reach US$8191.1 mn by 2025 form US$5237.8 mn in 2018. The market will register a CAGR of 6.65% over the forecast period.

Click to view the full report:
https://www.qyresearch.com/index/detail/1214050/global-spandex-fiber-market
This article was first released by QYResearch, if reproduced, please indicate the source.
Telephone number:020-22093278
Contact:press@qyresearch.com
When contacting, please refer to QYR company's Mia introduction.