The report covers forecast and analysis for the cooling fabrics market on a global and regional level. The study provides historical data from 2015 to 2018 along with a forecast from 2019 to 2025 based on both volume and revenue. The study includes drivers and restraints for the cooling fabrics market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities and various trends in the cooling fabrics market on a global level.
As per the report, the global demand for cooling fabrics market was valued at approximately USD 2.1 billion in 2018 and is expected to generate revenue of around USD 5.6 billion by end of 2025, growing at a CAGR of around 10% between 2019 and 2025.
Cooling fabrics can be prepared out of natural as well as synthetic materials. Cooling fabric is an innovative product that offers cooling, comfort, and soft texture which is similar to the skin. Cooling fabrics offer consumers comfort by providing a cooling effect as it helps in evaporation of sweat and prevents the fabric from clinging to the body. Vital advantages of cooling fabrics include moisture circulation and regulated evaporation. These fabrics are different from other thermoregulatory textiles.
Increasing demand from sportswear and protective wearing market applications is driving the growth of global cooling fabrics market. Innovations and technological developments in the textile industry and rising demand for new garments that provide comfort and cooling are also expected to drive the cooling fabrics market during the forecast period. However, high prices of technologically advanced cooling fabrics may act as a restraint for cooling fabrics market growth.
Based on type, the cooling fabrics market is segmented into natural and synthetic. Synthetic cooling fabrics dominated the global cooling fabrics market in 2018. The durability of synthetic fabrics and cooling provided by them, which are sometimes not achievable with natural fabrics, lead to their higher market share. Synthetic cooling fabrics manufactured from nylon, polyester, and spandex are widely used. Easy availability of raw materials used to make these fabrics is another factor that drives the growth of this segment.
Based on end-user, the cooling fabrics market is segmented into sports apparel, protective wearing, lifestyle, and others. The sports segment held the lead in the global cooling fabrics market demand owing to the growing sportswear market and the increase in sports and leisure-related activities across the globe. The cooling fabrics market has grown considerably in recent years due to the demand from sports & leisure activities sector, improving lifestyle, and growing concerns for overall wellness.
In terms of geography, global cooling fabrics market is segmented into five major regions such as North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America dominated the demand for cooling fabrics across the globe, in 2018. Defense and sports apparel end-users generated the demand for cooling fabrics from this region. Cooling fabrics can be utilized in numerous innovative ways for defense and sports applications. Presence of numerous cooling fabrics manufacturers across North America has further helped the development of cooling fabrics market in this region. The U.S is the leading market in North America for cooling fabrics. Europe and the Asia Pacific closely followed North America in terms of demand for cooling fabrics.
Some of the key players operating in the global cooling fabrics include Ventex, Nan Ya Plastics, Tex-Ray Industrial Co. Ltd., Invista, Ahlstrom, Formosa Taffeta Co. Ltd., Singtex, Invista, HexArmor, Polartec and Coolcore LLC, among others.
Global Cooling fabrics Market: Type Segment Analysis
Global Cooling fabrics Market: End-User Segment Analysis
- Sports Apparel
- Protective Wearing
Global Cooling fabrics Market: Regional Segment Analysis
- North America
- Asia Pacific
- Latin America
- Middle East and Africa