The global spandex market is expected to reach 1 million tonnes by 2020
According to the recent studied study “Global Spandex Market Report 2019” published by Wood Mackenzie Chemicals, global elastane demand, or Spandex, is currently 860 kt.By the end of next year, elastane consumption will pass the million tonnes bar and will be firmly established as a basic textile product, while at the same time the industry must adapt to cope withChinese competition and the challenge of closed loop recycling.
"Since spandex is invariably a minority component of textiles, with only 2 to 3% sufficient content to offer optimal comfort, it is obvious that this million tonnes of spandex really projects a very strong imprint on global textiles", said David Hart, principal consultant at Wood Mackenzie Chemicals.
China leads the global market with 75% of global production capacity."Spandex recently hit the headlines with the acquisition of the activity of The Lycra Company by Shandong Ruyi (China), for around 2.4 billion dollars.However, in practice, spandex has grown considerably in the world textile markets over the past fifteen to twenty years.What was once considered a specialized wire on a small scale now goes to the forefront as a key partner in many clothing products, "added Hart.
According to the report, current elastane market growth was slightly greater than 9%during the decade, almost three times the average growth of all fibers.The determining factor is the purchasing power of an emerging world middle class, demanding in sophisticated sports clothing, intimate clothes and shapewear, as well as well -adjusted and comfortable day clothes.The speed with which Spandex has detached itself from its traditional American and European markets to cope with a strong growing Asian opportunity indicates that the globalization of Spandex demand still has a way to go.
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Spandex continues to extend its leadership on the market to around 67% of the current global market for elastic threads.It offers finer threads and greater uniformity than rubber and is an effective partner for a whole range of natural and synthetic fibers.
"Spandex has also seen its relative price fall in the past twenty to thirty years, going from around 10 times that of a nylon thread to approximate price equivalence.This makes it possible to introduce desirable stretching properties without imposing a significant cost premium, "said Hart.
The global textile industry is making considerable efforts to meet environmental challenges by choosing raw materials, including recycled plastic bottles and manufacturing processes.The spandex industry must however solve its environmental problem. Largement used in minority percentages in fiber mixtures, this minority content could potentially hinder the recycling efforts of the majority components of the textile mixture.
Source: https: //www.woodmac.com– 06/25/19
