How big is the Spandex Market | Insights, Growth & Analysis 2025

Code: MTA9186 Publication Date: Sep 2025

What is the size of Spandex Market?

According to 6Wresearch internal database and industry insights, the Global Spandex Market was valued at USD 8.2 Billion in 2024 and is expected to reach USD 12 Billion by 2031, growing at a compound annual growth rate of 5.90% during the forecast period (2025-2031).

The market is advancing quickly as increased demand for activewear, intimate apparel, and sportswear positively impact consumption. The demand for activewear, intimate apparel, and sportswear, or urban development and urbanization, impacts the demand for stretchable, comfortable fabric evident across many textile and industrial categories, influencing growth momentum.

Growth Factors for Spandex Industry

  • Rising demand for athleisure and performance wear focused on the consumer experience as it relates to comfort and flexibility.
  • An increase in the textile and apparel sectors spurs demand that is lifestyle-driven.
  • Rising demand for the healthcare market relevant to spandex-based products, such as compression garments and bandages.
  • The young consumer group is showing growing interest in stretch denim, and non-denim like yoga pants and shapewear.
  • New fiber blend innovations that emphasize the practicality of softness, long-lasting durability, and comfort.

Spandex Market Trends

The Spandex Market trends related to categories of sportswear, swimwear, and leisurewear point to a substantial turn towards stretchable and durable fabrics. The demand side of apparel is leaning into clothes styles based on comfort-driven clothing, and in addition, many apparel manufacturers are incorporating higher levels of spandex into clothing products. Another trend emerging in the Spandex Market is the growing sector of athleisure and lifestyle apparel, blurring the lines of functionality and fashion in apparel. Advancements in technology related to fibre processing have led to more breathable, lightweight, and durable forms of spandex blends.

Emerging Developments in the Spandex Market

The Spandex Market developments reflect increasing efforts in advanced production processes to achieve eco-efficient outcomes, including recycling-based methods and bio-based raw materials. Such initiatives are gaining traction as manufacturers focus on reducing environmental impact while meeting apparel industry standards.

Additionally, the Spandex Market is experiencing developments such as product diversification into industrial uses like automotive interiors and home furnishings. Companies are expanding their distribution channels with e-commerce platforms and direct-to-consumer models, strengthening accessibility and enhancing brand positioning in competitive landscapes.

List of Leading Companies in the Spandex Market

Some of the leading companies include:

  • Hyosung Corporation
  • Invista
  • Asahi Kasei Corporation
  • Toray Industries Inc.
  • Indorama Corporation
  • Huafon Group

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