Americas spandex market is estimated to witness unprecedented growth over the next few years. This can be primarily attributed to growing health concerns and the subsequent rise in the adoption of various sports and physical activities, including swimming. Spandex fabrics made from nylon and polyester have come to prominence over the decades as premium fabrics for sportswear, activewear and swimwear.

On the basis of application, the industry share can be segmented into apparel, medical, automotive textiles, and home furnishings. The apparel segment can be further classified into activewear, sportswear, swimwear, and gloves. Swimwear captured more than 7% revenue share in 2018 and is projected to experience healthy growth during the forecast timeframe.

Swimming is considered to be among the most popular and one of the most effective fitness and recreational activities. Mounting health and fitness concerns among all age groups are encouraging more and more people to take up swimming as a regular workout regime. This is anticipated to drive the demand for swimwear product in the forthcoming years. In addition, swimwear protects the wearer from chlorinated water during swimming or sea water, which will accelerate the product adoption.

Activewear segment currently accounts for a major share in Americas spandex market and will witness growth at a robust CAGR of 11.5% during the forecast timeframe. This can be attributed to extensive product application in sports and active wear. Spandex is a modern synthetic fiber which offers excellent elasticity, making it best-suited for sportswear applications. In addition, the material is extremely lightweight, comfortable, supple and dries easily.

The medical application segment can be further bifurcated into diapers, bandages, stockings, and hoses & compressional. A booming healthcare sector in America will undeniably bolster the regional industry outlook. Further, growing product implementation in automotive textiles and home furnishing products will complement the regional outlook.

Considering the geographical landscape, Latin America will account for majority of the growth in the upcoming years, led by Brazil and Argentina. Brazil spandex market is estimated to record a healthy 10.5% CAGR up to 2025. The country has witnessed increasing prevalence of obesity and the trend has been particularly observed in children. According to statistics, more than 30% of Brazilian children are overweight.

In addition, majority of the people follow a sedentary and inactive lifestyle which has resulted in the increasing occurrence of a number of chronic health conditions such as high cholesterol, diabetes and hypertension. As a result, an increasing number of people are participating in sports and leisure activities, which will drive the product demand.

Furthering elaborating on the regional outlook, Argentina will witness a CAGR of 10% up to 2025. According to a national survey of risk factors by the Fundación InterAmericana del Corazón (FIC) Argentina, over two-thirds of the adult population in Argentina is overweight. This will certainly more and more people to participate in indoor and outdoor sports activities, driving the regional spandex demand.