This report was recently updated on July 20 2024 with the latest and most recent
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Global Cooling Fabrics Market Size, Trends & Analysis - Forecasts to 2026 By Type (Natural, and Synthetic); By Textile Type (Knitted, Woven, and Nonwoven); By Application (Protective Wearing, Lifestyle, and Sports Apparel); By Region (North America, Europe, Asia Pacific, Middle East, and Africa, and CSA); End-User Landscape, Vendor Landscape, and Company Market Share Analysis & Competitor Analysis
Cooling fabric is an innovative product that is designed to offer comfort, cooling, and soft texture which resembles a similar texture as skin. Cooling fabric provides comfort wear by providing a cooling effect as it helps in the evaporation of sweat and cut off the fabric from clinging to the body. It provides advantages which include regulated evaporation and moisture circulation. The GME studies show that the cooling fabrics market is estimated to attain a peek at a CAGR of 10.1% in the middle of 2020-2026 duration. The increasing application of cooling fabrics in sportswear and protective wearing is triggering the demand for cooling fabric in recent times. Increasing development in the R & D sector of cooling fabrics is creating lucrative opportunities for the market to proliferate. The product market is further expected to grow as the demand for the product is rising at a fast rate in military applications due to associated benefits such as resistance from harmful UV rays, temperature regulation coupled with protection to wearers in excessive heat exposure.
Natural and synthetic are the two types of cooling fabrics. The synthetic segment is the largest growing market of cooling fabrics as the product is ideal for outdoor sports engagements because of effective evaporative features. Also, the segment offers excellent strength, smooth texture, and high elasticity due to which the market of the product is expected to grow in the forecast period also.
The cooling fabric can be explained based on textiles as knitted, woven, and nonwoven. The knitted market is estimated to accelerate in the coming years as they are more suitable to wear due to easy breathability and the ability of the product to fit the shape of the body. Due to which many manufacturers in sports apparel are inclined towards cooling fabric which boosts the demand of the knitted segment during the forecast period.
The application performed by the cooling fabric is segmented as protective wearing, lifestyle, and sports apparel. The sports apparel segment is the largest growing segment of all the other competitors as the cooling fabric provides a cooling effect to the wearer while performing sports activities. The fabric absorbs heat in the form of sweat and gives the cooling effect back to the wearer. This exchange of heat improves the performance of the sportsman without and hamper
The Asia Pacific is the fastest-growing region of cooling fabrics market as the customers are shifting toward fitness and becoming health conscious coupled with government support. The rapid shift of manufacturing facilities towards emerging countries, such as China and India, and the expansion of product applications are the factors adding value to the growth of the cooling fabrics market in the region.
Key players operating in the market include Polartec, Nan Ya Plastics Corporation, Ahlstrom-Munksjö, Formosa Taffeta Co., Ltd., Tex-Ray Industrial Co., Ltd., NILIT Coolcore LLC, and Hexarmor among others.
Please note: This is not an exhaustive list of companies profiled in the report.
In November 2020, Ahlstrom-Munksjö launched a new product FibRoc, having high durable application and high-performance solution.
In March 2018, Coolcore LLC announced its launch of a new product FibreX. The product is of a new single strand with similar thermal regulatory effects as of original wear.
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The Global Cooling Fabrics Market has been studied from the year 2017 till 2026. However, the CAGR provided in the report is from the year 2018 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Cooling Fabrics Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies and customer analytics.
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