The report is divided into three parts.

1. Operational differences in polyester, nylon and spandex. The report examines key aspects such as price trends, capacity growth, industry concentration, integration progress, operating rates, inventory levels, cash flow, and production trends. It highlights the current state of spandex, including slower growth, high capacity concentration, accelerated integration, rising operating rates, significant inventory pressure, and improved cash flow.

2. Discussion on demand and application changes. This section analyzes spandex demand by looking at downstream machinery numbers and operating rates, consumer trends in downstream applications, domestic textile and apparel demand, textile export volumes and values, and export destinations, providing insights into demand development for spandex.

3. 2025 spandex market outlook. Based on the current state of the spandex supply chain, including raw material PTMEG, spandex capacity, and industry trends, the report outlines the future of spandex development. It emphasizes upstream raw material integration, promoting green fiber initiatives under dual-carbon policies, and cost-reduction and efficiency-improvement strategies for the industry.