In the initial half of 2023, Spandex experienced a fluctuating pricing pattern. This versatile material, renowned for enhancing elasticity, comfort, and moisture resistance in clothing, gained popularity in innerwear and sportswear segments, resulting in heightened supplier demands and inventory turnover. This surge in demand drove prices upward during the first quarter.
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However, increased supply to meet downstream industry demands led to excess inventory in the second quarter, causing prices to decline. Overall, the market sentiment for Spandex fluctuated as prices rose and fell across the two quarters.
Definition
Spandex, also known as elastane, is a synthetic fiber widely used in textile and clothing manufacturing. It is valued for its exceptional elasticity and stretch properties, allowing garments to comfortably conform to the body. Spandex is commonly found in sportswear, activewear, and undergarments, providing flexibility and comfort to clothing.
Key Details About the Spandex Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Spandex in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
The Spandex Price chart, including India Spandex price, USA Spandex price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting the Spandex Price Trend:
Spandex finds key industrial uses in various sectors, including apparel and textiles, due to its exceptional elasticity and durability. It is extensively employed in sportswear, swimwear, and activewear to provide flexibility and comfort. Additionally, Spandex is used in medical garments, compression stockings, and automotive textiles for its stretch and recovery properties.
Key Players:
- Hyosung
- DuPont de Nemours, Inc.
- TK Chemical Corp.
- Taekwang Industrial Co. Ltd.
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