According to the research report titled ‘Americas Spandex Market Size by Application (Apparel [Sportswear, Gloves, Swimwear, Activewear], Medical [Diapers, Surgical Hoses & Compressional Stockings, Bandages], Home Furnishings, Automotive Textiles), Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2019 - 2025’ available with Market Study Report, Americas spandex market is slated to register significant growth over 2019-2025.
 

Individual inclination towards sports and physical activities to maintain fitness, product penetration in textile & apparel industry as well as rising production capacity in consort with the availability of raw materials are propelling the growth of Americas spandex market.
 

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For the unversed, spandex fabrics, made from nylon and polyester, are used as premium fabrics for sportswear, swimwear, and activewear.
 

While technological developments in the automotive sector is catalyzing the industry growth, but functional disadvantages such as moisture trapping and heat sensitivity are likely to act as challenges for businesses operating in this domain.
 

In terms of application scope, swimwear apparel segment held over 7% revenue share in America spandex industry in 2018 and is anticipated to grow significantly over 2019-2025, owing to growing health and fitness concerns among people opting for swimming irrespective of their age, coupled with the ability of the product to protect the wearer from chlorinated water.
 

On the other hand, activewear apparel segment is slated to record 11.5% CAGR through 2025, creditable to extensive product application in sports. The fabric has superior elasticity, is extremely lightweight, supple, comfortable, and dries fast.
 

Moreover, medical application, comprising of diapers, bandages, stockings, and hoses & compressional is expected to register notable gains by 2025, attributed to booming healthcare sector. Besides, rising product usage in home furnishing products and automotive textiles will foster the industry revenues.
 

As per expert verbatim, Brazil spandex market is poised to record 10.5% CAGR through 2025. Rising occurrence of chronic health conditions like diabetes, high cholesterol, and hypertension, has led people to adopt sports and leisure activities, further driving the product demand.
 

Parallelly, Argentina industry is slated to register 10% CAGR through 2025, owing to obesity among people, and subsequent health awareness among the populace with incorporation of indoor and outdoor sports activities.
 

The competitive landscape of Americas Spandex industry is defined by companies such as Taekwang Industrial Co. Ltd., INVISTA Sarl, Hyosung Corporation, and TK Chemical Corp. among others.