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Spandex Price History and Forecast Analysis | Procurement Resource

Spandex is a synthetic fibre that is very light in weight and highly stretchable, which is widely used to make clothing, such as sportswear. Spandex is made up of long-chain polymers that are called polyurethane. It is produced by reacting long-chained polyglycol molecules combined with a short diisocyanate. The material is more flexible, stretchable, durable, and versatile than rubber and hence, is superior to rubber. It shows resistivity to acids and alkalis but dissolves in sodium hypochlorite. It can be stretched up to 600% and then retain its original shape due to the presence of polyether polyols in it. Its composition contains urethane, or urethane-urea, that provides rigidity and tensile strength to the material.

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The key importing countries for Spandex are the United States, Peru, and Vietnam. On the other hand, the key exporting countries for the same are China, Vietnam, and India.

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 price 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 trend, 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 Spandex Price Trend:

Spandex is a flexible material that is widely used in designing and producing clothing variety, primarily sportswear. The material depicts rubber-like behaviour that is used at places where there is a need for elasticity. It is also used in manufacturing sports goodies like volleyballs, soccer balls, etc. Spandex yarns are used as an alternative to rubber in the commercial sectors, which includes the making of tights, stretchable jeans, swimwear, socks, corsetry, and other sports garments.

Additionally, Spandex is used in the automotive industry to make door panels, car seats, and cushion covers that exhibit a smooth and shiny look with a firm and durable finish. It is also used in the medical industry to make compression garments, as well as elastic bandages that are used for treatments of minor injuries, braces for knees and back support, diapers, and more. Other industrial applications of Spandex include manufacturing footwear, sheets for tables and beds, gloves, etc.

Key Players:

  • Hyosung
  • DuPont de Nemours, Inc.
  • TK Chemical Corp.
  • Taekwang Industrial Co. Ltd.

About Us:

Procurement Resource offers in-depth research on product pricing and market insights for more than 500 chemicals, commodities, and utilities updated daily, weekly, monthly, and annually. It is a cost-effective, one-stop solution for all your market research requirements, irrespective of which part of the value chain you represent.

We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and most up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team tracks the prices and production costs of a wide variety of goods and commodities, hence, providing you with the latest and consistent data.

To get real-time facts and insights to help our customers, we work with a varied range of procurement teams across industries. At Procurement Resource, we support our clients, with up-to-date and pioneering practices in the industry, to understand procurement methods, supply chain, and industry trends, so that they can build strategies to achieve maximum growth.

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