The Global Cooling Fabrics Market size is expected to reach $3.6 billion by 2026, rising at a market growth of 17.3% CAGR during the forecast period. Cooling fabrics is considered as a new development in the textile sector that provides a cool sensation to the skin created for comfort. Cooling fabrics also take the form of protective clothing in places where burning sensation can be undesirable. These fabrics are prepared with the help of moisture management and evaporative cooling technologies. A few of the cooling fabrics work by equally allocating sweat over the fabric in order to make them dry rapidly and as a result, produce a cooling effect.
People are getting aware of comfortable materials for clothing which in turn, boosting the demand for cooling fabrics across the globe. Countries like the U.S., Brazil, China, Russia, and Malaysia are witnessing massive demand for cooling fabrics in their sports industry. In these nations, sportspersons are getting highly conscious about the need for convenient clothing, which eventually increases the intensity of comfort during sports activities.
One of the key trends for the global cooling fabrics market is the increasing awareness among sportsperson. Moreover, the majority of sportsperson prefer highly desirable & comfortable materials for their garments. The developing countries are witnessing rapid economic development, growing sports-related activities & culture, and shifting lifestyle patterns, these aspects are likely to contribute to the growth of the global cooling fabrics market during the forecast period. On the flip side, the high price of the product discourages a large number of people from buying this sort of clothing & this aspect will hamper the global cooling fabrics market during the forecast period.
Based on Application, the market is segmented into Sports Apparel, Protective Wear, Lifestyle and Other Applications. The market would witness lucrative growth opportunities due to the rising usage of cooling fabrics for healthcare, military, & industrial applications. The ability of cooling garments to decrease the heat stress caused by extreme exposure, especially in industrial applications, would increase their utilization for making protective wear. Besides, there are utilized in other applications like lifestyle, automotive, and fashion which would augment the demand of the market in the next few years.
Based on Type, the market is segmented into Synthetic and Natural. In 2019, the synthetic fabrics segment held the maximum revenue share of the global cooling fabrics market. Moreover, the segment would showcase a similar kind of trend during the forecast period by maintaining its dominating position in the global market. The high revenue share can be credited to the superior strength & improved performance of synthetic fabrics.
| Report Attribute | Details |
|---|---|
| Market size value in 2019 | USD 1.6 Billion |
| Market size forecast in 2026 | USD 3.6 Billion |
| Base Year | 2019 |
| Historical Period | 2016 to 2018 |
| Forecast Period | 2020 to 2026 |
| Revenue Growth Rate | CAGR of 17.3% from 2020 to 2026 |
| Number of Pages | 139 |
| Number of Tables | 260 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Companies Strategic Developments, Company Profiling |
| Segments covered | Application, Type, Region |
| Country scope | US, Canada, Mexico, Germany, UK, France, Russia, Spain, Italy, China, Japan, India, South Korea, Singapore, Malaysia, Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria |
| Growth Drivers |
|
| Restraints |
|
Free Valuable Insights: Global Cooling Fabrics Market to reach a market size of $3.6 Billion by 2026
Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa. The cooling fabrics find massive demand in the North American region in 2019. The demand is due to the broad-scale R&D activities by makers to develop an advanced cooling wearable that offers both conveniences to the wearer as well supports the energy conversation. North America would emerge as the leading region during the forecast period.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Kraton Corporation, Ahlstrom-Munksjo Oyj, Asahi Kasei Corporation, Formosa Taffeta Co. Ltd., HexArmor, Tex-Ray Industrial Co., Ltd., Nilit Ltd., Koch Industries, Inc. (Invista BV), Coolcore LLC, and Milliken & Company.
By Application
By Type
By Geography
The global cooling fabrics market size is expected to reach $3.6 billion by 2026.
Increasing government funding in cell-based research are driving the market in coming years, however, small & medium enterprises find it difficult to enter the market have limited the growth of the market.
Kraton Corporation, Ahlstrom-Munksjo Oyj, Asahi Kasei Corporation, Formosa Taffeta Co. Ltd., HexArmor, Tex-Ray Industrial Co., Ltd., Nilit Ltd., Koch Industries, Inc. (Invista BV), Coolcore LLC, and Milliken & Company.
The North America market dominated the Global Cooling Fabrics Market by Region in 2019. The U.S. market obtained the major share of the North American Market in 2019 due to the increasing demand from the sports industry and various recent technological developments.
The expected CAGR of the cooling fabrics market is 17.3% from 2020 to 2026.
Our team of dedicated experts can provide you with attractive expansion opportunities for your business.
Unique Offerings 