The global spandex market is growing by four per cent a year. The increasing demand for the material from the textile sector especially for sportswear, active wear along with high use in medical applications, is likely to propel the growth of the industry. Rising average disposable income of people is another factor driving the market’s growth.
People around the world have become more conscious about their health and are getting engaged in various kinds of sports or fitness activities. This is creating huge demands in the sports wear market which is largely dependent on the availability of spandex. The need for comfortable sportswear is creating huge demands in the market. Rising disposable income of people has led to greater adoption of high quality inner wear and active wear which is another key factor behind the market’s growth.
Spandex fiber offers excellent strength, weight and versatility which makes it so popular among textile manufacturers. It also finds widespread use in medical applications which is also contributing to the sales figures of the product. The material is light in weight, soft, elastic, stretchable and provides effective resistance against body oils, perspiration, detergent and abrasions. It is used in the production of casual clothing, trekking pants, under garments, home furnishing items, among others.