Americas Spandex Market Size, Share, Growth Analysis, By Application(Apparel, Sportswear, Gloves, Swimwear), By Region - Industry Forecast 2024-2031

America Spandex Market size was valued at USD 0.99 billion in 2022 and is poised to grow from USD 1.11 billion in 2023 to USD 2.75 billion by 2031, growing at a CAGR of 12% in the forecast period (2024-2031).

There is fierce competition among the major competitors in the spandex business in the Americas. By utilizing their wide product portfolios and reach, top firms like Invista, Hyosung Corporation, and RadiciGroup have solidified a presence in the area. To preserve their market dominance, these industrial giants frequently engage in strategic alliances, acquisitions, and investments in R&D. 'Invista (Wichita, Kansas, USA)', 'Hyosung Corporation (Seoul, South Korea)', 'RadiciGroup (Bergamo, Italy)', 'Asahi Kasei Corporation (Tokyo, Japan)', 'Zhejiang Huafon Spandex Co., Ltd. (Zhejiang, China)', 'Highsun Synthetic Fiber Technologies Co., Ltd. (Shanghai, China)', 'Toray Industries, Inc. (Tokyo, Japan)', 'Teijin Limited (Tokyo, Japan)', 'TK Chemical Corporation (Seoul, South Korea)', 'Far Eastern New Century Corporation (Taipei, Taiwan)', 'Xiamen Lilong Spandex Co., Ltd. (Xiamen, China)', 'Asahi Spandex Co., Ltd. (Osaka, Japan)', 'TKA Textile Co., Ltd. (Seoul, South Korea)', 'Xinxiang Bailu Chemical Fiber Co., Ltd. (Henan, China)', 'Zhejiang Huafei Machinery Co., Ltd. (Zhejiang, China)', 'SRO Group (Stiren Runol) Ltd. (Tel Aviv, Israel)', 'Yantai Tayho Advanced Materials Co., Ltd. (Yantai, China)', 'Taekwang Industrial Co., Ltd. (Seoul, South Korea)', 'Tongkun Group Co., Ltd. (Zhejiang, China)', 'Shandong Ruyi Technology Group Co., Ltd. (Shandong, China)'

In the Americas, as urban customers look for fashionable and comfortable clothing alternatives, rising populations and urbanization have increased consumption of clothes, especially garments filled with spandex.

E-commerce Growth: The reputation of e-commerce has multiplied the provision of garments with a spandex combination, giving clients entry to a massive choice on-line. As more human beings purchase garb online, this practice has multiplied, especially after the COVID-19 epidemic.

The Americas spandex market was dominated by North America, in particular the United States. The region's prominence was largely owing to its well-established fashion sector and the extensive usage of spandex in many sorts of garments. Clothing with spandex in it, from casual clothing to athletics, was particularly popular in the United States. The increased demand for spandex in North America was also fueled by the presence of top fashion labels and a focus on fitness and active lives.