Growth opportunities in the Cooling Fabrics Market look promising over the next six years. This is mainly due to the increase in prevalence of active lifestyles, growing demand for sportswear, and the expanding need of this fabric to manufacture garments.
Cooling Fabrics Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
The increasing preference towards a healthy lifestyle is a prominent driver stimulating the growth of the global cooling fabrics market. In accordance with the Harvard Medical School’s article, a survey which included approximately 79,000 women and 40,000 men represented data for the body weight and physical activity in which over 48% of the population indicated a healthy dataset, which is quite impressive than the previous records. Also, the augmenting demand for sportswear and protective wear across the world is promoting market growth. The robust demand for the smart fabric to produce garments further strengthens the market size. Additionally, the growing preference towards these fabrics as they help to enhance the efficiency of a sportsperson will fuel the market growth. Another factor which includes the increasing prominence of these fabrics led by their adaptive features such as perishability, more intensity, moisture management, and superior cooling, has raised the market demand. However, the excessive value of this fabric, which is not attainable and affordable for the low and middle-class population, will restrain the market growth.
Application Segment Drivers
Based on the Application, the market is segmented into sports apparel, protective wearing, and lifestyle. Among these, sports apparel is expected to lead the market during the forecast period. This is primarily because of the cooling effect it provides without impeding the effectiveness of the individual. Thus, it has become the prerequisite of every player and is widely adopted across the world, which is fuelling the market demand.
Regional Drivers
Based on the regional coverage, North America is projected to dominate the market over the forecast period. This is due to the ongoing research and development activities related to the fabric. For instance, the University of Maryland launched a new adaptive fabric that cools down as the body heats up. This dynamic fabric becomes more breathable in extreme conditions. The considerable prevalence of significant players such as FORMOSA TAFFETA CO., LTD, Ahlstrom-Munksjö, is driving the market growth. A large share of North America’s market is occupied by sportswear. On the other hand, Europe is predicted to expand at a faster CAGR in the market over the forecast period. This is because the fabric has become an important requirement more than a trend. Moreover, the prevalence of leading market players like Coolcore, and Nilit further bolsters the market growth.
Cooling Fabrics Market’s leading Manufacturers:
- Asahi Kasei Corporation
- Tex-Ray Industrial Co. Ltd.
- Polartec
- Ahlstrom-Munksjö
- Brrr
- Hexarmor
- FORMOSA TAFFETA CO., LTD.
- NAN Ya PLASTICS CORPORATION
- NILIT
- Coolcore
Cooling Fabrics Market Segmentation:
Segmentation by Type
- Synthetic
- Natural
Segmentation by Textile Type
- Woven
- Nonwoven
- Knitted
Segmentation by Application
- Sports Apparel
- Protective Wearing
- Lifestyle
- Others
Segmentation by Technology
- Active Cooling Fabrics
- Air Cooled
- Liquid Cooled
- Passive Cooling Fabrics
- Phase Change Cooling
- Evaporative Cooling
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
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