According to the research report titled ‘Americas Spandex Market Size by Application, Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2019 - 2025‘, available with Market Study Report, Americas spandex market is anticipated to witness notable growth during 2019-2025.
 

Several applications of the product in apparel and textile industry, and advancement in technology are the major factors propelling the Americas spandex market growth. Moreover, growing health concerns and subsequent rise in adoption of various sports and physical activities, including swimming is positively influencing the industry growth.
 

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Further, easy availability of raw materials is fueling the industry growth worldwide. However, issue regarding functional drawbacks such as moisture trapping and heat sensitivity is the major factor hampering the Americas spandex industry growth.
 

Based on application spectrum, Americas spandex industry is segmented into medical, apparel, automotive textiles, and home furnishings. Among them, the apparel segment can be further bifurcated into sportswear, activewear, swimwear, and gloves. The swimwear segment held 7% of the industry share in 2018 and is expected to witness considerable growth during the forecast timeframe.
 

Meanwhile, the activewear segment showcased decent gains in recent times and is expected to register a CAGR of 11.5% during the forecast period, owing to various applications of the product in sports and active wear sector, due to its benefits such as comfort, lightweight, excellent elasticity, and easy drying.
 

Whereas, the medical application segment is further bifurcated into bandages, diapers, stockings, and hoses & compressional. Flourishing healthcare industry is likely to drive the growth of medical segment of Americas spandex industry size in coming years.
 

Considering the geographical landscape, Latin America spandex market is likely to witness highest growth in the upcoming years, with major contribution from Brazil and Argentina. Brazil market is predicted to grow with 10.5% CAGR through 2025, owing to rising prevalence of obesity especially among children.
 

While, Argentina spandex market is poised to witness a CAGR of 10% through 2025, owing to presence of overweight population in the region, which is likely to participate in indoor and outdoor sports activities.
 

Major players influencing Americas spandex market trends are INVISTA, Taekwang Industrial Co. Ltd., TK Chemical Corporation, and Hyosung (KR Motors).