Spandex Fiber Market Size 2022, Industry Share, Trends, Analysis 2027
The latest research study “ Spandex Fiber Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027 ” by IMARC Group, finds that the global spandex fiber market size reached a value of US$ 7.44 Billion in 2021 . Looking forward, IMARC Group expects the market to reach a value of US$ 10.55 Billion by 2027 exhibiting a CAGR of 5.70% during 2022-2027. Spandex fiber, also known as lycra, is a synthetic fiber produced from polyurethane. It is lightweight, smooth, and possesses superior elasticity, strength, and versatility. Compared to other elastic materials, it exhibits negligible damage from the needle while stitching. Due to this, spandex fiber is widely used to manufacture swim and bathing suits, athletic, aerobic, and exercise apparel, brassiere straps and bra side panels, ski pants, hosiery, belts, surgical hose, and shaped garments. Moreover, spandex fiber finds extensive applications in the apparel, clothing, an...