Cooling Fabrics Market

Cooling Fabrics Market Size & Growth (2023-2028)

The cooling fabrics market in 2022 was estimated to be USD 5.2 billion and is forecasted to reach USD 8.11 billion by 2028, at an annual growth rate of 13.2% during the forecast period of 2023-2028

The smart and intelligent fabric for garments, which helps keep the wearer’s body cool, evaporates sweat and provides protection against heat stress will be witnessing demand in the future. The inherent distinct advantages are likely to propel market demand over the next 8 years considering the growing popularity of the cooling fabrics Market. Rising sports and leisure activities in regions like North America, Europe, and the Asia Pacific are predicted to positively impact the cooling fabrics market. The demand for synthetic cooling fabrics is estimated to grow during the forecast period due to cooling characteristics, excellent strength, high elasticity, and smooth texture. The major demand for cooling fabrics is from the sportswear application. All the aforementioned features are estimated to increase the demand in the sportswear segment in the coming years.

Cooling Fabrics Market Growth Drivers:

The global cooling fabrics market is growing due to the awareness of individuals toward comfortable clothing materials. Cooling Fabrics are witnessing rapid growth in countries like the United States., China, Brazil, Russia, and Malaysia in the sports industry. The sportsmen in these countries are becoming increasingly aware of the need for comfortable clothing, which eventually increases the extent of comfort level during sports competitions. A large number of sportspersons are opting for more desirable fabrics for their clothes. The growing awareness among these individuals will continue to act as a major driver for the global cooling fabrics market in the anticipated period.

The cooling fabrics market is estimated during the forecast period to grow exponentially in emerging economies with the growing economic development, changing lifestyles, and rising sports culture. The cooling fabrics market is boosted by the demand for sportswear in these countries, and emerging countries are like to witness a rise in the sports industry, which in turn, favors the demand. The encouraging factor for the growth of the market is the rising awareness of personal care in Asia-Pacific countries like China and India.

Restraints in the Cooling Fabrics Market:

On the contrary, the high cost of producing fabrics that have cooling capabilities is considered a major challenge in this industry. Also, the technologies that involve the production of these cooling fabrics need higher initial setup costs. The cost of raw materials used in producing these fabrics is also very high, in the end resulting in a higher cost of final products. The cooling fabrics market is majorly limited by the high cost of the product, and a large number of individuals refrain from buying such clothes in developing economies.

COOLING FABRICS MARKET REPORT COVERAGE:

Cooling Fabrics Market Segmentation as per the research report until 2028.

Cooling Fabrics Market - By Type:

• Synthetic

• Natural

Synthetics are estimated during the forecast period for the largest share of the cooling fabrics market. Synthetic cooling fabrics are made from synthetic fibers as raw materials, which include nylon, polyester, and spandex.

Cooling Fabrics Market - By Textile Type:

• Woven

• Nonwoven

• Knitted

By textile type, knitted cooling fabrics are estimated for the largest portion of the global cooling fabrics market over the outlook period. Due to the looseness of the fabric yarn when compared to woven fabrics, knitted textiles have a high degree of elasticity.

Cooling Fabrics Market -By Application:

• Sports Apparel
• Lifestyle
• Protective Wearing
• Others (Towels, Knee Wraps, Caps, and Bandanas)

The sports apparel application is determined to contribute a significant portion to the global cooling fabrics market in the next few years. Cooling fabrics play an extremely crucial role in manufacturing sports apparel, which will be helping the wearer in providing a cooling effect while performing sports activities.

Cooling Fabrics Market - By Region:

• North America

• Europe

• Asia Pacific

• South America

• Middle East & Africa

By region, North America is estimated to dominate at a significant compound annual growth rate in the cooling fabrics market, followed by Europe and the Asia Pacific (APAC). The United States is one of the significant consumers of cooling fabrics in North America. An increase in technological advancement, Research and Development investments, and other factors drive the North American cooling fabrics market, along with the presence of a large range of end-use applications.

Cooling Fabrics Market Key Market Players 

• Formosa Taffeta Co., Ltd.

• Asahi Kasei Corporation

• Heiq Materials AG

• Hexarmor

• Hong Li Textile Co., Ltd

• Lee Yaw Textile Co., Ltd.

• Libolon

• Marcel Liebaert Nv

• Nan Ya Plastics Corporation

• Nanotex LLC

• NILIT Ltd

• Polartec

• Sun Dream Enterprise Co., Ltd.

• Technical Absorbents Limited

• Tehrani Industrial Group

• Tex-Ray Industrial Co., Ltd.

• The North Face

• Ventex Co., Ltd.

• Wilson Fabrics

• Balavigna Weaving Mills Pvt. Ltd.

• Columbia Sportswear Company

• Coolcore

• Everest Textile Co., Ltd.