Cooling Fabrics Market Size, Share and Growth | Increasing Demand Status, Regional Segments and Forecast to 2027

The global cooling fabrics industry is on the rise, with an estimated value of $1.9 billion in 2019, projected to reach $3.2 billion by 2027, showing a CAGR of 8.6% from 2020 to 2027.

The market is driven by increased demand for sportswear and protective wear, along with the growing popularity of cooling fabrics. However, the high cost of products is a limiting factor. Nevertheless, opportunities are emerging with a surge in demand for medical and defense applications.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐏𝐃𝐅 𝐁𝐫𝐨𝐜𝐡𝐮𝐫𝐞: https://www.alliedmarketresearch.com/request-sample/10659

The COVID-19 pandemic impacted the industry, causing a slowdown in manufacturing and disrupting the supply chain. Despite a temporary decline in demand, the market is gradually recovering.

In terms of textile types, knitted fabrics dominate, contributing to over two-fifths of the market revenue in 2019. Knitted fabrics are favored for their comfort, breathability, and ability to conform to the body. The woven segment is expected to grow rapidly due to superior functionality.

Sports apparel leads the market in applications, representing over half of the global cooling fabrics market share in 2019. The ability of cooling fabrics to absorb heat and provide a cooling effect fuels the growth of this segment. The lifestyle segment is projected to have the fastest CAGR of 9.1% by 2027, driven by collaborations among major players for technological advancements.

Geographically, North America held the largest market share in 2019, driven by technological advancements, R&D investments, and diverse end-use applications. The Asia-Pacific region is expected to exhibit the fastest CAGR of 9.2% from 2020 to 2027, fueled by a consumer trend towards fitness, health consciousness, and government support.

Key players in the industry include Asahi Kasei Corporation, Coolcore LLC, Formosa Taffeta Co., Ltd., Burlington, Hexarmor, Nan Ya Plastics Corporation, Polartec, Nilit, Tex-Ray Industrial Co., Ltd.

𝐅𝐨𝐫 𝐦𝐨𝐫𝐞 𝐝𝐞𝐭𝐚𝐢𝐥𝐞𝐝 𝐢𝐧𝐬𝐢𝐠𝐡𝐭𝐬, 𝐲𝐨𝐮 𝐜𝐚𝐧 𝐜𝐡𝐞𝐜𝐤 𝐨𝐮𝐭 𝐭𝐡𝐞 𝐫𝐞𝐩𝐨𝐫𝐭 𝐡𝐞𝐫𝐞: https://www.alliedmarketresearch.com/cooling-fabrics-market-A10294

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