The global cooling fabrics market size is expected to reach USD 3.59 Billion in 2028 and register a revenue CAGR of 6.6% over the forecast period, according to the latest report by Reports and Data. Market revenue growth is primarily driven by the rising prevalence of chronic diseases and increasing health consciousness among consumers are factors resulting in the rising number of individuals inclining towards sports & fitness activities, and boosting the use of cooling fabrics for manufacturing sportswear. Thus, the rising use of cooling fabrics for manufacturing sports apparel and protective wearing is expected to drive market revenue growth in the years to come. Cooling fabrics can maintain a comfortable body temperature during physical activities and hot weather. Manufacturers involved in making apparel and clothing for fitness, endurance sports, and outdoor recreation are increasingly utilizing textiles that can regulate body temperature. These companies are aiming to enhance cloth breathability to let heat escape and quickly pull perspiration away from the body after intense activities. This is driving demand for cooling fabrics in the sportswear textile sector.
The Cooling Fabrics market report offers the latest updates on the COVID-19 situation in the market, as well as the profound changes that followed the outbreak. In the COVID-19 Impact Analysis section of the report, a major focus has been laid on the severe effects of the pandemic on the industry’s functioning. Moreover, market experts at Reports and Data offer research-backed insights into the Cooling Fabricsindustry and identify the key barriers to industry growth. The aim of this report is to enable businesses to optimize their growth strategies and capitalize on emerging opportunities.
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Increasing demand for essential consumer products including soaps, detergents, perfumes, etc., growing production of environmentally sustainable chemicals and raw materials, and technological advancements in chemical and material manufacturing processes are some of the key factors driving the growth trend of the global materials & chemicals market. Rapidly surging demand for organic chemicals and high-performance specialty chemicals in the oil & gas, pharmaceutical, pulp & paper, personal care & cosmetics, food & beverage, agriculture, and textile industries is another important parameter for market growth.
Leading Market Competitors:
Ahlstrom-Munksjö, Polartec, LLC, NILIT LTD, Nan Ya Plastics Corporation, COOLCORE LLC, Tex-Ray Industrial Co. Ltd., Formosa Taffeta Co., Asahi Kasei Corporation, HexArmor, and Invista.
Textile Type Outlook (Revenue, USD Billion; Volume, Million Square Meters, 2018-2028)
Type Outlook (Revenue, USD Billion; Volume, Million Square Meters, 2018-2028)
Application Outlook (Revenue, USD Billion; Volume, Million Square Meters, 2018-2028)
- Sports Apparel
- Protective Wearing
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Some Key Highlights in the Report
- In June 2020, Magid, a leading manufacturer of Personal Protective Equipment (PPE) announced the launch of a new product line which is powered by MISSION, an instant cooling innovations company. This new line of product is developed to create an industrial heat safety protocol in order to minimize the number of heat-related illnesses on job sites and at workplaces. Magid Cool powered by the offering of MISSION includes cooling neck gaiters/face covers, cooling bandanas, cooling skull caps, and cooling towels. These products are designed to fight industrial heat illnesses in the workplace.
- Knitted segment is expected to account for largest revenue share in the global cooling fabrics market over the forecast period. Knitted fabric have high wrinkle resistance, versatility, durability, elasticity, and softness. These cooling fabrics allow the body to breathe and are comfortable while wearing.
- Synthetic segment is expected to register robust revenue growth rate over the forecast period. Unlike natural fabric, synthetic cooling fabrics are cost-effective, very durable, and have high strength. These properties are creating demand for synthetic fabrics for manufacturing sports apparel and protective wearing.
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