Spandex Market Size and Share

Spandex Market (2025 - 2030)
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Spandex Market Analysis by Mordor Intelligence

The Spandex Market size is estimated at 1.41 million tons in 2025, and is expected to reach 1.88 million tons by 2030, at a CAGR of 5.95% during the forecast period (2025-2030). This sustained expansion rests on rising demand for stretch-enhanced fabrics across apparel, medical, and emerging technical textile uses, with athleisure, seamless knitting, and circular-economy mandates acting as the primary growth engines. Producers also leverage bio-based polyurethane chemistry to future-proof operations against tightening sustainability regulations, while raw-material price volatility keeps margins under pressure. Capacity additions in Asia-Pacific continue to influence global pricing, yet the Middle-East and Africa’s fast‐growing production base signals a gradual geographic rebalancing of the spandex market.

Key Report Takeaways

  •  By production method, solution dry spinning held 92.34% spandex market share in 2024; alternative methods under “Others” are forecast to grow at 6.23% CAGR through 2030. 
  • By application, apparel controlled 80.56% of the spandex market size in 2024, while medical applications are projected to expand at a 6.41% CAGR to 2030. 
  • By geography, Asia-Pacific led with 64.32% revenue share of the spandex market size in 2024; the Middle-East and Africa are expected to post the fastest growth at 6.34% CAGR between 2025-2030. 

Segment Analysis

By Production Method: Dry Spinning Maintains Technical Edge

Solution dry spinning commanded 92.34% spandex market share in 2024, reflecting its superior fiber uniformity, tensile strength, and dye uptake. The segment benefits from process control systems that minimize denier variability, a critical parameter for high-performance wearables. Aligning with sustainability targets, next-generation dry spinning lines reduce energy consumption by up to 20%, lowering specific carbon emissions. Alternative methods grouped under “Others” are projected to expand at a 6.23% CAGR through 2030 as solvent-free melt electrospinning and centrifugal techniques mature, albeit from a low base. 

Emerging processes prioritize closed-loop solvent recovery and bio-based polymer integration, but scalability hurdles persist. Melt electrospinning’s promise of solvent elimination suits regulatory pressure on VOC emissions, yet faces fiber-uniformity challenges at industrial speeds. Centrifugal spinning delivers high throughput but falls short on fine-denier control required for premium intimates and medical devices. Accordingly, established dry-spinning producers invest in hybrid pilot lines while safeguarding their dominant positions through proprietary polyurethane formulations that embed specific elasticity-retention profiles.

Spandex Market: Market Share by Production Method
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By Application: Medical Emerges as Growth Engine

Apparel remained the volume leader, accounting for 80.56% of the spandex market size in 2024. Nevertheless, medical uses are slated to clock a 6.41% CAGR, making healthcare the fastest-growing segment through 2030. Compression stockings, wound-dressing wraps, and orthopedic braces require tightly controlled modulus values, encouraging long-term supplier agreements and relatively stable pricing structures. 

Beyond compression therapy, hospital supply chains increasingly specify antimicrobial spandex blends for postoperative garments, further expanding medical adoption. Other niche applications—industrial filters, automotive seat covers, and smart-textile substrates—provide additional demand optionality. Apparel growth in mature economies moderates as athleisure penetration approaches saturation, but performance differentiation through moisture management, UV resistance, and bio-derived content keeps the category integral to the long-run trajectory of the spandex market.

Spandex Market: Market Share by Application
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Geography Analysis

Asia-Pacific retained a 64.32% share of the spandex market size in 2024, underpinned by China’s integrated feedstock-to-fabric chain, South Korea’s advanced polymer research and development, and India’s expanding spinning capacity. Regional producers benefit from proximity to petrochemical clusters and dense export logistics networks. Yet Chinese overcapacity periodically depresses average selling prices, pushing mills to chase operational efficiency and product diversification. Environmental upgrades mandated by updated emission norms require capital expenditure that may accelerate regional consolidation.

The Middle-East and Africa are forecast to deliver the highest CAGR at 6.34% during 2025-2030. Egypt’s integrated textile park projects and Saudi Arabia’s Vision 2030 incentives attract overseas investors keen on duty-free access to European and U.S. markets. Competitive electricity tariffs and modern port infrastructure further elevate the region as an emerging spandex market production hub.

The European Union’s Digital Product Passport and extended producer responsibility frameworks stimulate demand for low-impact elastomers and localized recycling loops. Nearshoring trends in Mexico and Central Europe offer quick-turn replenishment advantages that complement, rather than replace, Asia-centric bulk supply chains. South America, anchored by Brazil, shows moderate growth as domestic sportswear brands scale and public healthcare systems embrace compression therapies.

Spandex Market CAGR (%), Growth Rate by Region
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Competitive Landscape

The spandex market remains moderately consolidated. Scale economies in polyurethane synthesis and high-speed spinning lines protect incumbents from new entrants. Hyosung’s USD 1 billion investment in Vietnam to produce bio-based BDO exemplifies forward integration into greener feedstocks, reinforcing cost leadership while addressing customer sustainability scorecards. Regulatory compliance continues to act as both an entry barrier and a differentiator. Producers holding OEKO-TEX Standard 100 and ISO 14001 certifications gain preferred-supplier status among global brands. Patent filings on bio-derived diisocyanates and solvent-free spinning reached record highs in 2025, indicating that the innovation race is centered on lowering the environmental footprint while maintaining fiber performance.

Spandex Industry Leaders

  1. HYOSUNG

  2. Huafon Chemical Co., Ltd.

  3. The LYCRA Company

  4. Asahi Kasei Corporation

  5. TAEKWANG INDUSTRIAL CO., LTD

  6. *Disclaimer: Major Players sorted in no particular order
Spandex Market - Market Concentration
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Recent Industry Developments

  • July 2025: HYOSUNG announced transitioning its bio-based spandex feedstock from corn to sugarcane to enhance sustainability. The shift to sugarcane-based bio-BDO, developed in partnership with Geno, will reduce carbon emissions and improve supply chain efficiency. Production at Hyosung’s Vietnam plant is set to begin in early 2026, with a capacity of up to 50,000 tons.
  • March 2025: At CIDPEX 2025, HYOSUNG introduced advanced CREORA spandex diaper solutions, emphasizing improved comfort, fit, and manufacturing efficiency. With superior creep resistance and high elongation, the spandex ensures leak prevention and optimal performance in hygiene products. To meet rising global demand, Hyosung has expanded diaper spandex production to India and Turkiye, targeting a total capacity of 11,000 tons by 2026.

Table of Contents for Spandex Industry Report

1. Introduction

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. Research Methodology

3. Executive Summary

4. Market Landscape

  • 4.1 Market Overview
  • 4.2 Market Drivers
    • 4.2.1 Rising penetration of athleisure and performance wear
    • 4.2.2 Government-backed investments in textile clusters
    • 4.2.3 Medical compression garments demand surge post-COVID
    • 4.2.4 Rapid uptake of seamless knitting technology in apparel
    • 4.2.5 Bio-based diisocyanate breakthroughs lowering carbon footprint
  • 4.3 Market Restraints
    • 4.3.1 Intensifying NGO pressure over micro-plastic pollution
    • 4.3.2 Petrochemical feedstock price volatility
    • 4.3.3 Supply-demand imbalance due to China capacity additions
  • 4.4 Value Chain Analysis
  • 4.5 Porter’s Five Forces Analysis
    • 4.5.1 Bargaining Power of Suppliers
    • 4.5.2 Bargaining Power of Buyers
    • 4.5.3 Threat of New Entrants
    • 4.5.4 Threat of Substitutes
    • 4.5.5 Degree of Competition

5. Market Size and Growth Forecasts (Volume)

  • 5.1 By Production Method
    • 5.1.1 Solution Dry Spinning
    • 5.1.2 Solution Wet Spinning
    • 5.1.3 Others
  • 5.2 By Application
    • 5.2.1 Apparels
    • 5.2.2 Medical
    • 5.2.3 Other Applications
  • 5.3 By Geography
    • 5.3.1 Asia-Pacific
    • 5.3.1.1 China
    • 5.3.1.2 India
    • 5.3.1.3 Japan
    • 5.3.1.4 South Korea
    • 5.3.1.5 Rest of Asia-Pacific
    • 5.3.2 North America
    • 5.3.2.1 United States
    • 5.3.2.2 Canada
    • 5.3.2.3 Mexico
    • 5.3.3 Europe
    • 5.3.3.1 Germany
    • 5.3.3.2 United Kingdom
    • 5.3.3.3 France
    • 5.3.3.4 Italy
    • 5.3.3.5 Russia
    • 5.3.3.6 Rest of Europe
    • 5.3.4 South America
    • 5.3.4.1 Brazil
    • 5.3.4.2 Argentina
    • 5.3.4.3 Rest of South America
    • 5.3.5 Middle-East and Africa
    • 5.3.5.1 Saudi Arabia
    • 5.3.5.2 South Africa
    • 5.3.5.3 Rest of Middle-East and Africa

6. Competitive Landscape

  • 6.1 Market Concentration
  • 6.2 Strategic Moves
  • 6.3 Market Share (%)/Ranking Analysis
  • 6.4 Company Profiles (includes Global level Overview, Market level overview, Core Segments, Financials as available, Strategic Information, Market Rank/Share for key companies, Products and Services, and Recent Developments)
    • 6.4.1 Asahi Kasei Corporation
    • 6.4.2 Huafon Chemical Co., Ltd.
    • 6.4.3 HYOSUNG
    • 6.4.4 Indorama Corporation
    • 6.4.5 Jining Ruyi High-tech Fibre Co.,Ltd.
    • 6.4.6 Mitsui Chemicals, Inc.
    • 6.4.7 TAEKWANG INDUSTRIAL CO., LTD
    • 6.4.8 The LYCRA Company
    • 6.4.9 TK CHEMICAL CORPORATION
    • 6.4.10 TORAY INDUSTRIES, INC.
    • 6.4.11 Xiamen Lilong Spandex Co., Ltd.
    • 6.4.12 Yantai Tayho Advanced Materials Co., Ltd.

7. Market Opportunities and Future Outlook

  • 7.1 White-space and unmet-need assessment
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Global Spandex Market Report Scope

Spandex (also known as Elastane Fiber) is a synthetic polymer that contains at least 85% polyurethane and is made up of a long-chain polyglycol combined with a short di-isocyanate. Spandex has excellent stretchability and is a strong, light, and versatile fiber. The Global Spandex Market is segmented by production method, application and geography. By production method, the market is segmented into Solution Dry Spinning, Solution Wet Spinning, and Others. By Application, the market is segmented into Apparels, Medical, and Other Applications. The report also covers the market size and forecasts for the Global Spandex Market in 15 countries across major regions. For each segment, the market sizing and forecasts have been done based on revenue (USD Million).

By Production Method
Solution Dry Spinning
Solution Wet Spinning
Others
By Application
Apparels
Medical
Other Applications
By Geography
Asia-Pacific China
India
Japan
South Korea
Rest of Asia-Pacific
North America United States
Canada
Mexico
Europe Germany
United Kingdom
France
Italy
Russia
Rest of Europe
South America Brazil
Argentina
Rest of South America
Middle-East and Africa Saudi Arabia
South Africa
Rest of Middle-East and Africa
By Production Method Solution Dry Spinning
Solution Wet Spinning
Others
By Application Apparels
Medical
Other Applications
By Geography Asia-Pacific China
India
Japan
South Korea
Rest of Asia-Pacific
North America United States
Canada
Mexico
Europe Germany
United Kingdom
France
Italy
Russia
Rest of Europe
South America Brazil
Argentina
Rest of South America
Middle-East and Africa Saudi Arabia
South Africa
Rest of Middle-East and Africa
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Key Questions Answered in the Report

How large is the spandex market in 2025?

The spandex market size reached 1.41 million tons in 2025 and is forecast to hit 1.88 million tons by 2030.

Which production method dominates the current supply?

Solution dry spinning delivers 92.34% of global output, thanks to its fiber-quality and energy-efficiency profile.

What is the fastest-growing application for spandex?

Medical compression garments are projected to grow at a 6.41% CAGR between 2025-2030, outpacing apparel.

Which region will grow quickest through 2030?

The Middle-East and Africa lead with a forecast 6.34% CAGR, supported by government-backed textile-cluster investments.

How are sustainability pressures shaping spandex innovation?

Producers are scaling bio-based diisocyanate chemistry and solvent-free spinning techniques to lower carbon footprints and meet EU sustainability mandates.

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