LYCRA, also known as spandex or elastane, is a synthetic fiber widely used in the textile industry for its exceptional stretch and recovery properties. It was invented in the United States by chemist Joseph Shivers and was introduced to the market in 1959. LYCRA is a registered trademark of INVISTA, a global integrated fibers and polymers company.

INVISTA's headquarters is located in the United States, precisely in Wichita, Kansas. The company operates globally, serving customers in various industries such as apparel, automotive, construction, and more. Apart from LYCRA, INVISTA offers a range of other fiber and polymer products including COOLMAX, CORDURA, STAINMASTER, and THERMOLITE.

In terms of its global presence, INVISTA has numerous subsidiaries, joint ventures, and partnerships. Some notable examples include Textiles Coim Asia Holdings, a joint venture in Asia that manufactures and sells textile grade polyester polymer chips, and FiberVisions, a subsidiary that focuses on the production of specialty staple fibers and polymers. LYCRA holds a dominant position in the global spandex market.

The brand’s reputation for high-quality stretch fabrics has positioned it as a leader in the industry. Its sales and market share have seen consistent growth over the years. Competitors in the spandex market include companies like DowDuPont and Asahi Kasei Corporation, but LYCRA remains the most recognizable and trusted brand for stretch fabrics.

Noteworthy achievements for the brand include the development of LYCRA XTRA LIFE technology, which enhances the durability and shape retention of swimwear, and the introduction of LYCRA BEAUTY, a range of fabrics that provide shaping and comfort. These innovations have further solidified LYCRA's market position and contributed to its growth. As of the latest available information, INVISTA continues to expand its product offerings and global operations.

They are committed to research and development, aiming to provide innovative solutions for their customers. The company maintains a strong presence across multiple sectors, ensuring LYCRA's relevance in various applications. Overall, LYCRA remains a trusted and influential brand in the textile industry, continuously pushing the boundaries of comfort and functionality in fabrics