Short Description
Asia-Pacific Spandex Market, By Technology (Solution Dry-Spinning, Wet-Spinning and Others), Application (Clothing, Medical, and Others), Country (Japan, China, South Korea, India, Australia and New Zealand, Taiwan, Hong-Kong, Singapore, Thailand, Malaysia, Indonesia, Philippines and Rest of Asia-Pacific) Industry Trends and Forecast to 2029
Market Definition
Spandex fiber, also known as Lycra or elastane, is a long-chain polyurethane-polyurea copolymer that is composed of flexible macro-glycol segments and rigid di-isocyanate segments arranged in a specific order. The fiber is characterized by its exceptional elastic and recover properties. These characteristics entail its wide-scale use across a diverse set of applications in textile & clothing and healthcare industries. Some prominent areas of application for spandex fibers include sportswear, casual clothing, undergarments and home-furnishings. Healthcare applications of spandex fiber include compression stockings & hoses, diapers and bandages, etc.
Market Segmentation
Asia-Pacific spandex market is segmented into two notable segments based on technology and application.
On the basis of technology, the market is segmented into solution dry-spinning, wet-spinning and others
On the basis of application, the market is segmented into clothing, medical, and others
Market Player
The key market player for Asia-Pacific spandex market is listed below:
Huafon Chemical Co., Ltd.
HYOSUNG TNC
TAKEWANG INDUSTRIAL CO.,LTD.
Asahi Kasei Corporation.
Indorama Corporation
Yantai Tayho Advanced Materials Co.,Ltd
TK CHEMICAL CORPORATION
Xiamen Lilong Spandex Co., Ltd.
Mitsubishi Chemical Corporation
Xinxiang Sunshining Ecotex Clothes Co.,Ltd
TORAY INDUSTRIES, INC.
Jiangsu Shuangliang spandex Co., Ltd
TABLE OF CONTENTS
1 INTRODUCTION 15
1.1 OBJECTIVES OF THE STUDY 15
1.2 MARKET DEFINITION 15
1.3 OVERVIEW OF ASIA-PACIFIC SPANDEX MARKET 15
1.4 LIMITATION 16
1.5 MARKETS COVERED 16
2 MARKET SEGMENTATION 19
2.1 MARKETS COVERED 19
2.2 GEOGRAPHICAL SCOPE 20
2.3 YEARS CONSIDERED FOR THE STUDY 20
2.4 CURRENCY AND PRICING 20
2.5 DBMR TRIPOD DATA VALIDATION MODEL 21
2.6 TYPE LIFE LINE CURVE 24
2.7 MULTIVARIATE MODELING 25
2.8 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS 26
2.9 DBMR MARKET POSITION GRID 27
2.10 MARKET APPLICATION COVERAGE GRID 28
2.11 DBMR MARKET CHALLENGE MATRIX 29
2.12 DBMR VENDOR SHARE ANALYSIS 30
2.13 IMPORT-EXPORT DATA 31
2.14 SECONDARY SOURCES 32
2.15 ASSUMPTIONS 33
3 EXECUTIVE SUMMARY 34
4 PREMIUM INSIGHTS 36
4.1 PESTLE ANALYSIS 37
4.2 PORTER'S FIVE FORCES: 39
4.3 RAW MATERIAL PRODUCTION COVERAGE 41
4.4 VENDOR SELECTION CRITERIA 42
4.5 TECHNOLOGICAL ADVANCEMENT BY MANUFACTURERS 43
4.6 LIST OF BUYERS 45
4.7 REGULATION COVERAGE 45
4.7.1 CERTIFIED STANDARDS 45
4.7.2 MATERIAL HANDLING AND STORAGE 46
4.7.3 TRANSPORT AND PRECAUTIONS 46
4.7.4 RULES AND REGULATIONS: 46
4.7.5 HAZARD IDENTIFICATION 47
4.8 IMPORT-EXPORT SCENARIO 48
5 SUPPLY CHAIN ANALYSIS 49
5.1 RAW MATERIAL PROCUREMENT 49
5.2 MANUFACTURING AND PACKING 50
5.3 MARKETING AND DISTRIBUTION 50
5.4 END USERS 50
5.5 IMPORTANCE OF LOGISTICS SERVICE PROVIDERS 51
6 CLIMATE CHANGE SCENARIO 52
6.1 ENVIRONMENTAL CONCERNS 52
6.2 INDUSTRY RESPONSE 52
6.3 GOVERNMENT'S ROLE 53
6.4 ANALYST RECOMMENDATION 53
7 MARKET OVERVIEW 54
7.1 DRIVERS 56
7.1.1 SHIFTING PREFERENCE TOWARDS IMPORTANCE OF SPANDEX AMONG CLOTHING MANUFACTURERS 56
7.1.2 RISING POPULARITY OF SPANDEX AS A SUBSTITUTE FOR NATURAL AND SYNTHETIC RUBBER IN INDUSTRIAL APPLICATIONS 56
7.1.3 POSITIVE OUTLOOK TOWARDS ACTIVEWEAR SEGMENT 57
7.1.4 GROWING DEMAND IN HEALTHCARE SECTOR 57
7.2 RESTRAINTS 58
7.2.1 HEAT SENSITIVE AND NON-BIODEGRADABLE NATURE OF SPANDEX 58
7.2.2 INCREASING THREAT OF SUBSTITUTES AND RELATIVELY SLOWER ECONOMIC GROWTH 59
7.2.3 HIGH MARKET PRICE DUE TO LABORIOUS MANUFACTURING PROCESS 60
7.2.4 STRINGENT GOVERNMENT NORMS TO CURB CARBON FOOTPRINTS INTO THE ATMOSPHERE 60
7.3 OPPORTUNITIES 61
7.3.1 INTRODUCTION OF SPANDEX IN DENIM AND RISING DEMAND FOR STRETCHED DENIM 61
7.3.2 INCREASING R&D PROGRAMS FOR PRODUCT UTILIZATION ACROSS MEDICAL, AUTOMOTIVE, AND HOME FURNISHING APPLICATIONS 62
7.4 CHALLENGES 62
7.4.1 HIGH PRICE VOLATILITY IN RAW PETROLEUM-BASED MATERIALS 62
7.4.2 AVAILABILITY OF SUBSTITUTES SUCH AS NATURAL LATEX 63
8 IMPACT OF COVID-19 ON ASIA-PACIFIC SPANDEX MARKET 64
8.1 ANALYSIS ON IMPACT OF COVID-19 ON ASIA-PACIFIC SPANDEX MARKET 64
8.2 AFTERMATH OF COVID-19 AND GOVERNMENT INITIATIVE TO BOOST THE ASIA-PACIFIC SPANDEX MARKET 64
8.3 STRATEGIC DECISIONS FOR MANUFACTURERS AFTER COVID-19 TO GAIN COMPETITIVE MARKET SHARE 64
8.4 IMPACT ON PRICE 65
8.5 IMPACT ON DEMAND 65
8.6 IMPACT ON SUPPLY CHAIN 65
8.7 CONCLUSION 66
9 ASIA-PACIFIC SPANDEX MARKET, BY TECHNOLOGY 67
9.1 OVERVIEW 68
9.2 SOLUTION DRY-SPINNING 69
9.3 WET-SPINNING 69
9.4 OTHERS 70
10 ASIA-PACIFIC SPANDEX MARKET, BY APPLICATION 71
10.1 OVERVIEW 72
10.2 CLOTHING 73
10.2.1 CLOTHING, BY SEGMENT 73
10.2.1.1 APPAREL 73
10.2.1.2 TIES & CLOTHING ACCESSORIES 74
10.2.1.3 HANDBAGS 74
10.2.1.4 PILLOWS & BED SHEETS 74
10.2.1.5 OTHERS 74
10.2.2 CLOTHING, BY TECHNOLOGY 74
10.2.2.1 SOLUTION DRY-SPINNING 74
10.2.2.2 WET-SPINNING 74
10.2.2.3 OTHERS 74
10.3 MEDICAL 74
10.3.1 MEDICAL, BY SEGMENT 75
10.3.1.1 RUBBER TUBING 75
10.3.1.2 HOSING 75
10.3.1.3 MASK 75
10.3.1.4 OTHERS 75
10.3.2 MEDICAL, BY TECHNOLOGY 76
10.3.2.1 SOLUTION DRY-SPINNING 76
10.3.2.2 WET-SPINNING 76
10.3.2.3 OTHERS 76
10.4 OTHERS 77
10.4.1 OTHERS, BY TECHNOLOGY 77
10.4.1.1 SOLUTION DRY-SPINNING 77
10.4.1.2 WET-SPINNING 77
10.4.1.3 OTHERS 77
11 ASIA-PACIFIC SPANDEX MARKET, BY COUNTRY 78
11.1 OVERVIEW 79
11.1.1 CHINA 86
11.1.2 INDIA 88
11.1.3 JAPAN 90
11.1.4 INDONESIA 92
11.1.5 PHILIPPINES 94
11.1.6 THAILAND 96
11.1.7 SOUTH KOREA 98
11.1.8 MALAYSIA 100
11.1.9 AUSTRALIA & NEW ZEALAND 102
11.1.10 SINGAPORE 105
11.1.11 REST OF ASIA-PACIFIC 107
12 COMPANY SHARE ANALYSIS: ASIA-PACIFIC 108
12.1 MERGERS & ACQUISITIONS 109
12.2 EXPANSION 109
12.3 NEW PRODUCT DEVELOPMENTS 110
12.4 PARTNERSHIPS 111
13 SWOT ANALYSIS 112
14 COMPANY PROFILES 113
14.1 HUAFON CHEMICALS CO., LTD. 113
14.1.1 COMPANY SNAPSHOT 113
14.1.2 COMPANY SHARE ANALYSIS 113
14.1.3 PRODUCT PORTFOLIO 114
14.1.4 RECENT UPDATES 115
14.2 HYOSUNG TNC. 116
14.2.1 COMPANY SNAPSHOT 116
14.2.2 REVENUE ANALYSIS 116
14.2.3 COMPANY SHARE ANALYSIS 117
14.2.4 PRODUCT PORTFOLIO 117
14.2.5 RECENT UPDATES 118
14.3 ASAHI KASEI CORPORATION 119
14.3.1 COMPANY SNAPSHOT 119
14.3.2 REVENUE ANALYSIS 119
14.3.3 COMPANY SHARE ANALYSIS 120
14.3.4 PRODUCT PORTFOLIO 120
14.3.5 RECENT UPDATES 121
14.4 TAEKWANG INDUSTRIAL CO., LTD 122
14.4.1 COMPANY SNAPSHOT 122
14.4.2 COMPANY SHARE ANALYSIS 122
14.4.3 PRODUCT PORTFOLIO 123
14.4.4 RECENT UPDATE 123
14.5 XINXIANG SUNSHINING ECOTEX CLOTHES CO.,LTD 124
14.5.1 COMPANY SNAPSHOT 124
14.5.2 COMPANY SHARE ANALYSIS 124
14.5.3 PRODUCT PORTFOLIO 125
14.5.4 RECENT UPDATES 125
14.6 INDORAMA CORPORATION 126
14.6.1 COMPANY SNAPSHOT 126
14.6.2 PRODUCT PORTFOLIO 126
14.6.3 RECENT UPDATES 127
14.7 MITSUBISHI CHEMICAL ENGINEERING CORPORATION 128
14.7.1 COMPANY SNAPSHOT 128
14.7.2 REVENUE ANALYSIS 128
14.7.3 PRODUCT PORTFOLIO 129
14.7.4 RECENT UPDATE 129
14.8 JIANGSU SHUANGLIANG SPANDEX CO., LTD 130
14.8.1 COMPANY SNAPSHOT 130
14.8.2 PRODUCT PORTFOLIO 130
14.8.3 RECENT UPDATE 130
14.9 TK CHEMICAL CORPORATION 131
14.9.1 COMPANY SNAPSHOT 131
14.9.2 PRODUCT PORTFOLIO 131
14.9.3 RECENT UPDATE 132
14.10 TORAY INDUSTRIES, INC. 133
14.10.1 COMPANY SNAPSHOT 133
14.10.2 REVENUE ANALYSIS 133
14.10.3 PRODUCT PORTFOLIO 134
14.10.4 RECENT UPDATES 134
14.11 XIAMEN LILONG SPANDEX CO., LTD. 135
14.11.1 COMPANY SNAPSHOT 135
14.11.2 PRODUCT PORTFOLIO 135
14.11.3 RECENT UPDATE 135
14.12 YANTAI TAHO ADVANCED MATERIAL CO., LTD 136
14.12.1 COMPANY SNAPSHOT 136
14.12.2 PRODUCT PORTFOLIO 136
14.12.3 RECENT UPDATES 137
15 QUESTIONNAIRE 138
16 RELATED REPORTS 140