Europe Spandex Market Growth rate, Key Players Trends 2029
Description
A rapidly growing population combined with rising consumer disposable income is expected to propel the demand for sports and activewear, leading to the growth of the spandex market. The spandex market is expected to grow in the forecast period of 2022 to 2029. Data Bridge Market Research analyses that the market is growing at a CAGR of 5.6% in the forecast period of 2022 to 2029 and is expected to reach USD 1,800,584.13 thousand by 2029.
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Market Analysis and Insights: Europe Spandex Market
Spandex fiber, also known as Lycra or elastane, is a long-chain polyurethane-polyurea copolymer composed of flexible macro-glycol segments and rigid di-isocyanate segments arranged in a specific order. The fiber is characterized by its exceptional elastic and recovery properties.
