Spandex Market is estimated to expand at a CAGR of more than 8% over the forecast period of 2021-2031: PMR prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
/Spandex Market By Top Brands, Trends And Demand Estimate To Boost Growth In Demand By : Global Forecast
Spandex Market By Top Brands, Trends And Demand Estimate To Boost Growth In Demand By : Global Forecast
atulpmrJune 28, 2021
According to a new market report published by Persistence Market Research titled, “
Global Market Study on Spandex Market: High demand for stretchable fabrics in clothing sector to drive growth”, the global spandex market has been estimated to reach US$ 4,834.8 Mn in 2015, and is expected to expand at a CAGR of 10.3% over 2015-2021, to reach US$ 8,704.6 Mn by 2021.
According to the U.S Federal Trade Commission (FTC), “Spandex is a manufactured fiber in which the fiber-forming substance is a long-chain synthetic polymer comprising at least 85% of segmented polyurethane.” This fiber, also called elastane, is a synthetic long-chain polyurethane-polyurea copolymer composed of rigid diisocyanate segments and flexible macro-glycol segments arranged in