Spandex Yarn: Market Size & Forecast 2026

The global spandex yarn market sits at approximately USD 7.27 billion in 2025 (base year), expanding to a forecast USD 11.62 billion by 2032 at a 6.9% CAGR. The category is characterised by concentrated upstream supply, four to five producers control the majority of global capacity, and a feedstock cost structure in which PTMEG and MDI together represent roughly 80% of finished conversion cost. Demand growth is being pulled by sportswear, activewear, and compression garments; the consensus view that EVs will structurally displace spandex demand is overstated, as current-generation electric vehicles use water-glycol-based coolants rather than spandex in any significant quantity. > **Analyst Take.** The call is to build feedstock-indexed dual-region structures before the 2026-2027 annual contract round closes. Buyers who fixed-price in 2024 on PTMEG assumptions locked in 15-20% below-marke

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