Spandex Price History and Forecast Analysis | Procurement Resource
During the first part of 2023, Spandex saw its prices fluctuate. This adaptable fabric, well-known for its ability to improve elasticity, comfort, and moisture resistance in clothing, became highly sought-after in innerwear and sportswear. This surge in popularity created a higher demand from suppliers and a rapid turnover in inventory. Consequently, prices went up in the initial quarter.
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Yet, as more supply entered the market to meet industry needs, the second quarter witnessed an oversupply situation, leading to a decline in prices. Overall, the Spandex market showed a mixed sentiment as prices oscillated throughout these 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 analysis, 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, prized for its remarkable elasticity and strength, serves crucial roles across diverse industries such as fashion and manufacturing. Its exceptional flexibility and endurance make it a staple in sportswear, swimwear, and activewear, ensuring both comfort and adaptability. Beyond these sectors, Spandex finds applications in medical attire, compression stockings, and automotive textiles, valued for its unmatched stretch and ability to bounce back.
Key Players:
- Hyosung
- DuPont de Nemours, Inc.
- TK Chemical Corp.
- Taekwang Industrial Co. Ltd.
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