Global Cooling Fabrics Market Outlook 2031:
The global cooling fabric market size was valued at USD 1.36 Billion in 2022 and is projected to reach USD 2.65 Billion by 2031, expanding at a CAGR of 7.7% during the forecast period 2023 - 2031. Cooling fabrics are cool, soft, and comfortable. These fabrics can be produced using synthetic and natural materials. These fabrics uniformly distribute sweat over the fabric in such manner that they dry more quickly thereby, generate a cooling effect.
Cooling Fabrics Market Trends, Drivers, Restraints, and Opportunities:
- The growth of the cooling fabrics market is driven by the increasing demand for protective wearing, lifestyle, sports apparel, and other applications.
- Rise in the demand for cooling fabrics is driven by their use in sportswear applications due to moisture, heat, and perspiration resistance.
- People working in high temperature environments use cooling fabrics to create a cool microclimate to eliminate body heat. This, in turn, is expected to drive the global cooling fabrics market.
- High cost of raw materials and volatility in their prices restrains the market.
- Increase in the demand for cooling fabrics in military applications due to benefits such as resistance from harmful UV rays & pollutants and temperature regulation is creating opportunities in the market.
- The medical industry represents a field of opportunity for the market as these fabrics can be used to treat heat related illnesses and other related health conditions that cause elevated body temperature.
- Small- to medium-sized enterprises fail to enjoy the cost benefit ratio in the long term, as they cannot make the initial investments required for setting up a manufacturing plant, thereby resulting in the presence of a barrier for new entrants.
Scope of the Cooling Fabrics Market report:
The report on global advanced energy market includes an assessment of the market, size, share, trends, segments, and regional markets.
Attributes
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Details
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Base Year
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2022
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Historic Data
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2016 & 2021
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Forecast Period
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2023–2031
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Regional Scope
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Asia Pacific, North America, Europe, Latin America, and Middle East & Africa
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Report Coverage
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Market scope, analysis, share, competitive analysis, growth facts, restraints, opportunities, and revenue forecast
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Cooling Fabric Segment Insights:
Synthetic segment is projected to constitute key market share
In terms of types, the global cooling fabrics market can be divided into synthetic and natural. Synthetic fabrics have high elasticity, smooth texture, superior strength, and are suitable for outdoor sporting activities, as they provide cooling; therefore the synthetic segment is expected to hold a dominant share of the market during the forecast period.
Knitted segment to hold a significant share of the market
Based on textile types, the market can be divided into woven, nonwoven, and knitted. Knitted fabrics have higher elasticity as opposed to woven fabrics. Furthermore, knitted textiles have high breathability and fit the shape of the body, and thus it provides comfort to the wearer, hence the knitted segment is projected to hold a significant share of the market during the forecast period.
Sports apparel segment to dominate the market
On the basis of end use, the cooling fabrics market can be segmented into sports apparel, lifestyle, protective wearing, and others. The cooling fabric helps regulate the body temperature and provides better breathability than other fabrics, thereby providing comfort to the wearer without hampering their performance.
These factors encourage a heavy usage of cooling fabrics for manufacturing sports apparels; therefore, the sports apparel segment is expected to account for a dominant share of the market during the forecast period.
North America expected to continue to dominate the market
In terms of regions, the global cooling fabrics market can be fragmented into North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. North America dominated the global market in 2019 and this trend is expected to continue during the forecast period.
The US contributes significantly towards the growth of this market due to extensive research and development carried out by leading manufacturers in the country. The presence of an array of end-use application industries and developments in the technological landscape are boosting the cooling fabrics market in North America.
Segments
By Types
By Applications
By End Use
- Sports Apparel
- Lifestyle
- Protective Wearing
- Others
By Regions
- North America
- Europe
- Latin America
- Asia Pacific
- Middle East & Africa
Key Players
Competitive Landscape
Some of the prominent players in the global cooling fabrics market are Nan Ya Plastics Corporation, Tex-Ray Industrial Co., NILIT, Polartec, Coolcore LLC, Ahlstrom-Munksjö, Ltd., Formosa Taffeta Co., Ltd., Asahi Kasei Corporation, Hexarmor, Adidas AG, Nike, Inc., Invista, HDM, Inc., Kraton Corporation, and VENTEX Inc.
These players have engaged in acquisitions, product launches, and partnerships to expand their business and enhance their current position in the global cooling fabrics market.