The growing demand for textiles around the world is driving the expansion of the spandex industry. It's frequently employed in the production of sportswear, clothing, and casual wear. Consumers' increased disposable money is fuelling demand for a variety of textiles. In addition, the growing population base is driving up demand for textiles, which is fueling the expansion of the spandex market. The world population is predicted to exceed 8 billion by the end of 2025, according to the United States Census Bureau.
The spandex market is growing in tandem with the apparel and clothing industry's strong expansion. Growing demand for intimate wear, athletics, compression garments, and other items, as well as the introduction of a new use of spandex in denim, are projected to boost market growth once again. In 2019, the Indian textile and apparel market was predicted to be worth US$ 100 billion. India is the world's second-largest textile and garment exporter, with revenues predicted to rise to US$ 82.00 billion by 2021, up from US$ 22.95 billion in 2020.
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