Global Cooling Fabrics Market was valued US$ XX Bn in 2018 and is expected to reach US$ XX Bn by 2026, at CAGR of 9.58% during forecast period.
Major driver of the global cooling fabrics market is increasing demand for protective clothing and sportswear among individuals. Growing participation in sports and regular exercise, because of growing health consciousness is resulting into increasing demand for global cooling fabrics based sportswear, which also anticipated to propel the development of the global market over the long run. Increasing implementation of cooling fabrics in industrial as well as the military sector is another factor, expected to bolster the growth of the global market. Cooling fabrics provide sweat evaporation and protection against pollution, UV rays. Increasing popularity of cooling fiber because of its properties is also fueling the growth of the target market.
However, the high cost of global cooling fabrics market apparels and less awareness regarding the advantages of global cooling fabrics market among consumers, may hamper the demand of the cooling fabrics and restrain the growth of the global cooling fabrics market. Nevertheless, development of cost-effective cooling fabrics and promotional activities using advertisements and social media to spread awareness can create higher revenue opportunities for players in the target market. In addition, the introduction of new advanced improved quality cooling fabrics is another factor, expected to propel the growth of the global cooling fabrics market.
On the basis of the application segment, the demand for cooling capable clothing materials is expected to hold the largest market share during the forecast period. Which in turn, is boosting the sales of sports wears. Furthermore, sports as a result of leisure activities is popular among young generation, which continue to generate demand for fabrics having cooling capabilities. Thus, it can be inferred that the market is growing considerably, because of the rising demand for the fabrics from sports and leisure activities, changes in lifestyle, and growing concerns for health and wellness.
Based on the type segment, the cooling fabrics market has been divided into synthetic and natural. Its growing demand and usage across varied industries as these fabrics have more durability than natural cooling fabrics. The easy availability of raw materials used for manufacturing synthetic cooling fabrics is another factor driving the growth of this segment. Inventions in the textile industry and demand for garments that provide long-lasting cooling effect are leading to an increase in the demand for synthetic cooling fabrics.
In terms of region, North America is estimated to hold the largest market share during the forecast period. Increasing adoption of new technology among consumers and increasing demand of cooling fabrics in the industrial sector, are factor expected to fuel the growth of the global cooling fabrics market in North America. The market in Asia Pacific is expected to witness lucrative growth, especially in emerging economies, followed by Europe. Middle East and Africa, and Latin America are at a nascent stage and anticipated to register a significant growth rate over the forecast period because of rising disposable income and awareness in the region.
The report offers in-depth insights, income details, and other vital information regarding the target market, and the various trends, restraints, drivers, opportunities, and threats. The report offers perceptive and detailed information regarding the various key players operating in the market, technological innovations, their financials, key developments, supply chain trends, apart from future strategies, acquisitions & mergers, and market footprint.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding global cooling fabrics market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, the report also focuses on the modest analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, and SWOT analysis to address the question of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in global cooling fabrics market.
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Scope of the Global Cooling Fabrics Market
Global Cooling Fabrics Market, By Type
• Synthetic Cooling Fabrics
• Natural Cooling Fabrics
Global Cooling Fabrics Market, By Application
• Sports Apparel
• Protective Wearing
• Lifestyle
• Others
Global Cooling Fabrics Market, By Region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
Key players operating in Global Cooling Fabrics Market
• Coolcore LLC
• Invista
• Ahlstrom
• Nilit
• Polartec
• Nan Ya Plastics
• Tex-Ray Industrial Co., Ltd.
• Ventex Inc
• Formosa Taffeta Co., Ltd. (FTC)
• Hexarmor
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