Global Spandex Fiber Market Size Study & Forecast, by Production Process, Type, Application and Regional Forecasts 2025-2035

The Global Spandex Fiber Market is valued at approximately USD 6.3 billion in 2024 and is expected to expand at a robust compound annual growth rate (CAGR) of 8.43% over the forecast period from 2025 to 2035. Spandex, known for its extraordinary elasticity, is an indispensable component across various end-use sectors-particularly in performance wear, healthcare, and technical textiles. As global fashion trends shift toward stretchable, comfort-driven apparel, and activewear becomes mainstream, the demand for spandex fiber continues to climb. Alongside its role in athleisure and sportswear, this synthetic fiber is also witnessing rapid adoption in medical applications such as compression garments, bandages, and orthopedic supports. With technological advancements elevating fiber strength, durability, and moisture responsiveness, the market is poised for sustained acceleration over the next decade.

The remarkable proliferation of athleisure, the rise of performance-based apparel lines, and evolving consumer preferences for flexible, body-conforming materials are shaping the future of the spandex fiber landscape. Simultaneously, the textile industry is undergoing a seismic transformation marked by a strong tilt toward sustainable sourcing and eco-conscious production. Innovations in bio-based spandex and the integration of AI in textile engineering have allowed producers to reduce energy intensity, optimize manufacturing processes, and minimize waste-creating a more agile and responsive supply chain. Moreover, advancements in the solution dry-spinning process, known for yielding higher tenacity fibers with uniform molecular distribution, are solidifying production efficiency and bolstering output scalability.

From a regional perspective, North America is forecast to retain its dominance due to the region's vibrant apparel and sportswear industries, strong R&D ecosystem, and high adoption of technologically enhanced fabrics. Europe follows closely, backed by the region's innovation-led textile development and increasing preference for sustainable clothing. However, it is Asia Pacific that emerges as the most promising growth hub-largely fueled by population density, fast-paced urbanization, and the region's emergence as the global textile production epicenter. China and India, in particular, are seeing a surge in textile manufacturing infrastructure investments and rising domestic demand for stretchable fabrics, which has propelled the region's trajectory in the global spandex market. Supportive governmental trade policies and access to raw materials are also helping Asia Pacific players solidify their position across international markets.

Major market player included in this report are:

• BASF SE
• Invista (a subsidiary of Koch Industries)
• Hyosung Corporation
• Asahi Kasei Corporation
• Toray Industries, Inc.
• Zhejiang Huafon Spandex Co. Ltd.
• Yantai Tayho Advanced Materials Co., Ltd.
• TK Chemical Corporation
• DuPont de Nemours, Inc.
• Taekwang Industrial Co. Ltd.
• Xiamen Lilong Spandex Co., Ltd.
• Mitsubishi Chemical Holdings Corporation
• Far Eastern New Century Corporation
• Teijin Limited
• Indorama Corporation

Global Spandex Fiber Market Report Scope:

• Historical Data - 2023, 2024
• Base Year for Estimation - 2024
• Forecast period - 2025-2035
• Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
• Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
• Customization Scope - Free report customization (equivalent up to 8 analysts' working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values for the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within the countries involved in the study. The report also provides detailed information about crucial aspects, such as driving factors and challenges, which will define the future growth of the market. Additionally, it incorporates potential opportunities in micro-markets for stakeholders to invest, along with a detailed analysis of the competitive landscape and product offerings of key players.

The detailed segments and sub-segments of the market are explained below:

By Production Process:

• Solution Dry-Spinning Process
• Solution Wet-Spinning Process
• Others

By Type:

• Four-way Stretch Type
• Two-way Stretch Type

By Application:

• Technical Textiles
• Home Textiles
• Medical Textiles
• Apparels

By Region:

• North America
• U.S.
• Canada
• Europe
• UK
• Germany
• France
• Spain
• Italy
• Rest of Europe
• Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• Rest of Asia Pacific
• Latin America
• Brazil
• Mexico
• Middle East & Africa
• UAE
• Saudi Arabia
• South Africa
• Rest of Middle East & Africa

Key Takeaways:

• Market Estimates & Forecast for 10 years from 2025 to 2035.
• Annualized revenues and regional level analysis for each market segment.
• Detailed analysis of geographical landscape with Country level analysis of major regions.
• Competitive landscape with information on major players in the market.
• Analysis of key business strategies and recommendations on future market approach.
• Analysis of competitive structure of the market.
• Demand side and supply side analysis of the market.