1 / 8

Americas Spandex Market Growth, Application, Driver, Trends and Forecasts by 2025

According to a study conducted by Global Market Insights, Inc., Americas spandex market is expected to record prominent revenue growth over 2025.<br>

Sampat12
Download Presentation

Americas Spandex Market Growth, Application, Driver, Trends and Forecasts by 2025

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Americas Spandex Market Growth, Application, Driver, Trends and Forecasts by 2025 © 2020 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  2. Global Market Scenario of Americas Spandex Industry • According to a study conducted by Global Market Insights, Inc., Americas spandex market is expected to record prominent revenue growth over 2025. • Americas spandex market is expected to witness prominent growth, given to increasing product adoption in various sports activities. Spandex is a lightweight, synthetic fiber that offers exceptional elasticity, making it a viable option for sportswear applications. As the material is extremely comfortable, lightweight, and can easily dry, it is considered as a premium fabric in activewear and sportswear products. • Stating some major trends that may accelerate Americas spandex market share: • Increasing demand for swimwear • Swimming is considered as one of the most popular and effective fitness and recreational activities. Rising concerns over fitness and health among all age groups have encouraged people to opt for swimming, accelerating the demand for swimwear products. © 2020 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  3. Continue:- • Spandex swimwear can protect users from chlorinated water, boosting product significance. Reportedly, in 2018, the swimwear segment recorded over 7% revenue share in Americas spandex market and is expected to experience steady growth over the forecast period. • Americas spandex market is gaining traction across several end-user industries. In the medical sector, spandex is used for making bandages, diapers, and surgical hoses & compressional. The burgeoning healthcare sector of Americas could improve industry outlook in the coming years. • On the other hand, increasing product implementation in home furnishing products and automotive textiles could further boost Americas spandex market size. • Led by Brazil and Argentina, Latin America spandex market is expected to offer sizable growth opportunities to industry participants. Studies claim that Brazil spandex market may record a considerable 10.5% CAGR over 2020- 2025. The nation has witnessed increasing prevalence of obesity, particularly among children. In fact, reports claim that more than 30% children in Brazil are overweight. © 2020 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  4. Request for sample copy of this research report@ https://www.gminsights.com/request-sample/detail/4518 © 2020 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  5. 360° Industry Analysis • Most people follow an inactive and sedentary lifestyle which has led to increased occurrence of chronic health conditions like high cholesterol, hypertension, and diabetes. This has encouraged people to participate in sports and leisure activities, accelerating market growth over the forecast period. • Elaborating on the regional market share, Argentina spandex is expected to record 10% CAGR by 2025. As per a national survey of risk factors by the FIC (FundacionInterAmericana del Corazon) Argentina, two-thirds of the adult population of Argentina is estimated to be overweight. • This has encouraged more people to participate in outdoor and indoor sports activities, creating lucrative growth opportunities for the companies developing spandex sportswear. Request for customization:https://www.gminsights.com/roc/4518 © 2020 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  6. Competitive Analysis: • Hyosung, INVISTA, TK Chemical Corporation, Taekwang Industrial Co. Ltd. • Growth Drivers: • Product penetration in the apparel and textile industry • Large automotive production capacity along with technological developments in the industry • Expansion in the global spandex production capacity along with ease in raw material availability © 2020 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  7. Latest Research Report On Glass Manufacturing Market@ https://www.gminsights.com/industry-analysis/americas-spandex-Market Request for sample of this research report@ https://www.gminsights.com/request-sample/detail/4518 Request for customization: https://www.gminsights.com/roc/4518 © 2020 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  8. Stay In Touch You can visit us at: www.gminsights.com Thank You…! © 2020 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

More Related