The ‘Global Cooling Fabrics Market Size, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global cooling fabrics market, assessing the market on the basis of its segments like type, textile type, application, and major regions.
Cooling Fabrics Market Size, Trends, Industry Report, Key Player, Major Segments, and Forecast
The key highlights of the report include:
Market Overview (2018-2028)
Historical Market Size (2022): USD 2.2 billion
• Forecast CAGR (2023-2028): 8.70%
• Forecast Market Size (2028): USD 3.7 billion
The global cooling fabrics market is expected to gain momentum over the coming years due to the increasing awareness about cooling fabrics among consumers coupled with worldwide technological advancements. Surging research and development activities for cooling fabric technology along with changing consumer preferences and trends are expected to drive the market growth for cooling fabrics across the globe.
The growing demand for the product from manufacturers of sportswear is further anticipated to augment market growth as the fabric is able to resist perspiration, regulate temperature and offer a cooling effect.
Based on types, the synthetic segment is holding considerable growth in the cooling fabrics market share on account of the various benefits like sweat resistance, smooth feel, lightweight, and UV ray resistance. The demand for such types of fabric among high-performing sports along with the high demand for the product among sportswear manufacturers is further driving the synthetic segment growth in the market.
Meanwhile, the natural segment is likely to fuel the market growth on account of the surging demand for breathable, sustainable, as well as biodegradable fabrics among consumers. Such types of fabrics offer ventilation and address the growing concerns of consumers regarding fabric sustainability, thereby attracting more consumers and fuelling segment growth in the cooling fabrics market.
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On the basis of textile type, the knitted segment is expected to bolster market growth as offers a high degree of elasticity. Also, knitted fabrics are considered more comfortable by consumers.
Cooling Fabrics Industry Definition and Major Segments
Cooling fabric is made of an exclusive cross-section fiber structure with specialized minerals or other materials that support superior airflow. Any sweat or moisture is pulled away from the skin rapidly providing users with excellent cooling.
Due to the presence of special minerals as well as the fabric structure design, cooling fabric incorporates great sun protection properties. The cooling yarn aid reflects NIR to comfort wearers and makes them feel much cooler. Further, it is greatly refining consumers’ overall well-being in intense heat weather conditions.
By type, the cooling fabrics market is divided into:
Based on textile type, the market is segmented into:
On the basis of application, the market is segregated into:
• Protective Wearing
By region, the market is segmented into:
• Latin America
• Asia Pacific
• Middle East and Africa
Cooling Fabrics Market Trends
With the increasing involvement of cooling fabrics in various industries like healthcare and defense, the market demand is likely to bolster over the upcoming years. This can be attributed to the benefits provided by the product like temperature regulation, and UV rays resistance, among others. The cooling effect delivered contributes to the safety and performance of the wearer. Additionally, it provides protection to wearers from excessive heat exposure which is further aiding the demand for the cooling fabrics market across the globe.
Cooling fabrics also offer protection against heat-related illnesses and can help manage fevers. They lower elevations in body temperatures caused by infections and other chronic illnesses, further bolstering the demand for cooling fabric in the medical industry.
Based on application, the sports apparel segment is holding a significant share of the market and is likely to drive in the forecast period. This is due to the high usage of cooling fabrics by sportswear manufacturers as the product incorporates cooling effects which are generally required while performing various sports activities.
Geographically, the North American region is expected to register significant growth in the market on account of the rapid adoption of advanced technology as well as increasing investment in research and development activities.
Key Market Players
The major players in the global cooling fabrics market report are:
Formosa Taffeta Co., Ltd
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
The report studies the latest updates in the market, along with their impact across the market. It also analyzes the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.
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