Global Market Insights Inc.Global Market Insights has a new study based report titled "Spandex Market Size, Industry Potential Outlook , Regional Analysis (U.S., Germany, UK, Italy, Russia, China, India, Japan, South Korea, Brazil, Mexico, Saudi Arabia, UAE, South Africa), Price Trend, Application Development, Competitive Landscape Forecast, ".Global spandex market size was estimated at over kilo tons in and is likely to exceed , kilo tons by , growing at a CAGR of more than from to . It is also commonly known as elastane. Asia Pacific, especially China spandex market size was the dominant region and accounted for more than of the total volume in . China accounted for a major chunk of the market in Asia Pacific region in . Dry spinning technology was majorly preferred among manufacturers over the past few years. 

Other process includes wet spinning, melt extrusion and reaction spinning. Request for Detailed Table of Contents of this report.gminsightsrequesttocupcomingGrowing application scope in apparel and textile industry is likely to drive spandex market over the forecast period. They are used in textile manufacturing applications such as leggings, gloves, cycling jerseys and competitive swimwear. Spandex market price has witnessed to be weak in mid owing to ease of tight supply and low demand from downstream applications. The market is expected to grow with recovery in U.S. economy post recession.. Spandex Market size forecast by product application. Growth drivers, pitfalls industry challenges. Key Spandex Market growth opportunities emerging business models. Competitive benchmarking with market share analysis and company profilesStrenuous movements are involved in active sports that may require garment stretch. This stretch can result in movement restriction for the wearer. 

This can be overcome by using spandex material. Factors such as superior elasticity, regaining to original shape, durability, lightweight, resistance to UV light is likely to favor spandex market demand. Increase in automobile production, particularly in Asia Pacific is likely to drive market growth. Major automobile manufacturers are shifting bases to countries such as Indonesia, Thailand, India and China owing to cheap labor wages and favorable government incentive schemes. It is preferred for manufacturing door panel fabrics required to stretch and adhere to floor. Global automobile sales were estimated at million units in and are likely to cross million units by .Inquire About to purchase this research report.gminsightsinquirybeforebuyingThe Spandex Market Consists of,. Methodology and Scope. Executive Summary. Spandex Market Industry Insights. Industry segmentation.. Industry size, forecast and growth expectations, .. Industry ecosystem analysis.. Raw material insights.. Technology insights.. Regulatory framework.. Industry dynamics.. Key growth opportunities.. Porter's analysis.. Company market share, .. PESTEL analysis.. Regional price trends. Spandex Market Product Insights. Spandex Market Application Insights. Spandex Market Regional Insights. Competitor ProfilesInvista uses biobased ,butanediol as raw material from Genometica’s developed technology which has successfully developed fermentation route for the chemical using E. coli to metabolize sugar.,butanediol is then synthesized to THF which is further used for PTEF production. Asia Pacific market was the dominant and is likely to witness highest gains over the forecast period. China accounted for more than of the global share in and is the major manufacturer for this market. In , China had around manufacturing units with a total capacity of kilo tons and domestic production exceeding kilo tons in the same year.

 D and D are major products manufactured in China.Browse Spandex market report summary.gminsightsindustryanalysisspandexmarketNorth America spandex market share is likely to witness moderate growth rates owing to increasing sportswear demand in the U.S. Europe is likely to witness below average growth rates over the forecast period. Latin America is likely to grow at significant rates owing to growth in sportswear and apparel industry. The global spandex market share is moderately consolidated and comprises of companies sucg as BASF, DuPont, Invista and Mitsubishi Chemical. Other major companies include Zhejiang Huafo, Dow Chemical, Yantai Bailu Chemical Fiber Co and Swan Fiber Co.About Global Market Insights, Inc.:Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.Contact us:Arun HegdeCorporate Sales, USAGlobal Market Insights, Inc.Phone:Toll Free: salesgminsights Web: .gminsightsThis release was published on .