Spandex Fiber Market - Forecast to 2020

The spandex fiber market is expected to grow at a CAGR of 7.2% between 2015 and 2020. Factors such as increasing awareness and increasing disposable income are propelling the growth of the spandex fiber smarket.
Textile is expected to grow at the highest CAGR
In the spandex fiber market, the textile industry is estimated to grow at a significant pace during the forecast period. In the textile industry, spandex fiber is used across application areas such as sportswear, swimwear, apparel, lingerie, active wear, and other stretchable fiber. Increasing awareness for the stretchable fiber is one of the reason for growing demand of spandex fiber in the textile industry.

APAC is the fastest-growing region in the spandex fiber market

The market in APAC is expected to grow at the highest CAGR between 2015 and 2020. The growth is attributed to increasing industrialization in this region. The increasing production facilities by market players in APAC is the main factor responsible for the increasing spandex fiber market in the region. Further, the presence of local players such as Teijin Ltd (Japan), Toray Industries (Japan), and Asahi Kasei (Japan) are also contributing towards the growth of the spandex market.

Several primary interviews with market experts have been conducted across four major regions, namely, the North America, Europe, Asia-Pacific, and Rest of the World (Brazil and Turkey). The primary participants considered for the study are C level executives, managers, and D level executives of the tier 1, tier 2, and tier 3 companies.

‧ By Company Type - Tier 1 – 47%, Tier 2 – 34% and Tier 3 – 19%
‧ By Designation – C level – 45%, Director level – 30%, Others – 25%
‧ By Region – APAC – 55%, North America - 25%, Europe – 13%, RoW – 7%

The key players operating in this market include Hyosung Corporation (South Korea), Du Pont (U.S.), Teijin ltd (Japan), Toray Industries (Japan), Asahi Kasei Corporation (Japan), Far Eastern New Century Corporation (Taiwan), and INVISTA (U.S.).

“Reasons to buy the report”:
‧ This report includes the market statistics pertaining to end-use industry, production process, and geography along with their respective volumes.
‧ The Porter’s five forces framework has been utilized along with the value chain analysis to provide an in-depth insight into the spandex fiber market.
‧ Major drivers, restraints, and opportunities for the spandex fiber market have been detailed in this report.
‧ Illustrative segmentation, analysis, and forecast for the markets based on end-use industry, production process, and geography has been conducted to give an overall view of the spandex fiber market.
‧ A detailed competitive landscape includes key players, in-depth analysis, and revenue of key players.

TABLE OF CONTENTS

1 INTRODUCTION 13
1.1 OBJECTIVES OF THE STUDY 13
1.2 MARKET DEFINITION 13
1.3 MARKET SCOPE 14
1.3.1 MARKETS COVERED 14
1.3.2 YEARS CONSIDERED FOR THE STUDY 15
1.4 CURRENCY & PRICING 15
1.5 LIMITATIONS 16
1.6 STAKE HOLDERS 16
2 RESEARCH METHODOLOGY 17
2.1 RESEARCH DATA 18
2.1.1 SECONDARY DATA 18
2.1.1.1 KEY DATA FROM SECONDARY SOURCES 18
2.1.2 PRIMARY DATA 19
2.1.2.1 KEY DATA FROM PRIMARY SOURCES 19
2.1.2.2 KEY INDUSTRY INSIGHTS 19
2.1.2.3 BREAKDOWN OF PRIMARIES 20
2.2 MARKET SIZE ESTIMATION 20
2.2.1 BOTTOM-UP APPROACH 21
2.2.2 TOP DOWN APPROACH 21
2.3 MARKET BREAKDOWN & DATA TRIANGULATION 22
2.4 RESEARCH ASSUMPTIONS AND LIMITATIONS 23
3 EXECUTIVE SUMMARY 24
4 PREMIUM INSIGHTS 28
4.1 SIGNIFICANT OPPORTUNITIES FOR SPANDEX FIBER MARKET 28
4.2 SPANDEX FIBER MARKET: KEY REGIONS 28
4.3 SPANDEX FIBER MARKET IN ASIA-PACIFIC 29
4.4 SPANDEX FIBER MARKET ATTRACTIVENESS 30
4.5 SPANDEX FIBER MARKET SHARE, BY APPLICATION 31
4.6 LIFE CYCLE ANALYSIS, BY REGION 32

5 MARKET OVERVIEW 33
5.1 INTRODUCTION 34
5.2 MARKET SEGMENTATION 34
5.2.1 BY PRODUCTION PROCESS 35
5.2.2 BY END USE INDUSTRY 35
5.2.3 BY REGION 35
5.3 MARKET DYNAMICS 35
5.3.1 DRIVERS 36
5.3.1.1 Elongations, Flexibility and Comfort 36
5.3.1.2 Increasing disposable income in the developing countries 36
5.3.1.3 Wide range of applications across industries 37
5.3.2 RESTRAINTS 37
5.3.2.1 Sensitive to heat 37
5.3.2.2 Medical Issues 37
5.3.3 OPPORTUNITIES 37
5.3.3.1 Rapid growing demand in the textile industry 37
5.3.3.2 Higher growth in the Asia-Pacific market 37
6 INDUSTRY TRENDS 38
6.1 INTRODUCTION 38
6.2 VALUE CHAIN ANALYSIS 38
6.2.1 RAW MATERIALS 38
6.2.2 RESEARCH AND DEVELOPMENTS 39
6.2.3 MANUFACTURING 39
6.2.4 DISTRIBUTION NETWORK 39
6.3 PORTER’S FIVE FORCES ANALYSIS 40
6.3.1 THREAT OF NEW ENTRANTS 40
6.3.2 THREAT OF SUBSTITUTES 41
6.3.3 BARGAINING POWER OF SUPPLIERS 41
6.3.4 BARGAINING POWER OF BUYERS 41
6.3.5 INTENSITY OF COMPETITIVE RIVALRY 41
6.4 STRATEGIC BENCHMARKING 42
6.4.1 NEW PRODUCT LAUNCH 42
6.4.2 EXPANSIONS 42
6.4.3 COLLABORATION/ JOINT VENTURE/ PARTNERSHIP 43
7 SPANDEX FIBER MARKET, BY PRODUCTION PROCESS 44
7.1 INTRODUCTION 45
7.2 MARKET SIZE & PROJECTION 45
7.3 SOLUTION DRY SPINNING 46
7.4 SOLUTION WET SPINNING 47
8 SPANDEX FIBER MARKET, BY END USE INDUSTRY 50
8.1 INTRODUCTION 51
8.2 MARKET SIZE & PROJECTION 51
8.3 TEXTILE 53
8.4 HEALTHCARE 55
9 SPANDEX FIBER MARKET, BY REGION 57
9.1 INTRODUCTION 58
9.2 ASIA-PACIFIC 60
9.3 NORTH AMERICA 65
9.4 EUROPE 69
9.5 REST OF THE WORLD 74
10 COMPETITIVE LANDSCAPE 77
10.1 OVERVIEW 77
10.1.1 EXPANSION: MOST PREFERRED GROWTH STRATEGY 78
10.2 MAXIMUM DEVELOPMENTS IN BETWEEN 2010-2015 79
10.3 MAXIMUM DEVELOPMENTS IN 2015 80
10.4 HYOSUNG CORPORATION: TOP MOST PLAYER 81
10.5 COMPETITIVE SITUATION & TRENDS 82
10.5.1 EXPANSIONS 82
10.5.2 NEW PRODUCT LAUNCHES 83
10.5.3 COLLABORATIONS 83
10.5.4 NEW PROJECT ANNOUNCEMENTS 84
10.5.5 OTHER DEVELOPMENTS 84
11 COMPANY PROFILE 85
(Overview, Financial*, Products & Services, Strategy, and Developments)
11.1 INTRODUCTION 85
11.2 HYOSUNG CORPORATION 86
11.3 E. I. DU PONT DE NEMOURS AND COMPANY 90
11.4 TEIJIN LIMITED 93
11.5 FAR EASTERN NEW CENTURY CORPORATION 96
11.6 ASAHI KASEI CORPORATION 99
11.7 TORAY INDUSTRIES INC. 102
11.8 ACELON CHEMICAL AND FIBER CORPORATION 106
11.9 TOYOBO CO., LTD 109
11.10 INDORAMA CORPORATION 112
11.11 INVISTA 114
*Details might not be captured in case of unlisted companies

12 APPENDIX 116
12.1 DISCUSSION GUIDE 116
12.2 AVAILABLE CUSTOMIZATIONS 119