Spandex Fiber Market Is Finds future growth and Business by 2022
Posted by pooja on June 4th, 2019
Spandex Fiber Market Report, published by Allied Market Research, forecasts that the global market is expected to garner ,482 million by 2022, registering a CAGR of 8.8% during the period 2016-2022. It is anticipated that solution dry spinning segment would generate the highest revenue throughout the forecast period. In the year 2015, Asia-Pacific led the global market and is expected to maintain its position throughout the study period. The region is also expected to witness highest growth over the forecast period.
According to Eswara Prasad, Team Lead Chemical Research at AMR, Asia-Pacific is the most attractive market for the new entrants along with industry players, as the growth in number of industries and increased expenditure towards R&D is expected to provide significant opportunities to the entrants.
The industry players made significant investments on new commercial avenues for their product segments via strategic partnerships & collaborations. Investments towards extensive research and development activities coupled with an increasing support for application of spandex fiber is expected to boost market growth. There is a rise in demand for spandex Fiber from various end-user industries and an increase in application scope owing to its superior properties. Also, launch of bio-based, eco-friendly spandex products by market players is expected to drive the demand for spandex fiber over the forecast period. However, a growing threat of substitution and volatility in raw material prices could hamper the market growth during the forecast period.
Key findings of the study:
In 2015, North America and Europe collectively accounted for more than one-fourth of the worldwide demand for spandex fiber and are expected to lose share over the forecast period. Asia-Pacific is projected to be the fastest growing region, with a CAGR of 9.5% in value terms, followed by LAMEA, North America and Europe.
Access Full Summery @https://www.alliedmarketresearch.com/spandex-fiber-market
Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small- & medium-scale enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.
Allied Market Research provides one-stop solution right from data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients understand the significance and impact of market dynamics. The company applies client’s insight on the factors such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligence support to help clients transform into a prominent business firm.
5933 NE Win Sivers Drive
#205, Portland, OR 97220
Toll Free (USA/Canada):
+1-800-792-5285, +1-503-894-6022, +1-503-446-114
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Like it? Share it!
About the Authorpooja
Joined: May 29th, 2019
Articles Posted: 84
More by this author