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Cooling Fabrics Market Witnesses Impressive Growth, Projected to Surpass $4.98 Billion by 2028 - Driven by Surge in Sports Apparel Demand and Air Passenger Travel
Cooling Fabrics Market
The cooling fabrics market has experienced rapid growth, with its size poised to increase from $2.99 billion in 2023 to $3.29 billion in 2024, demonstrating an impressive Compound Annual Growth Rate (CAGR) of 10.3%. This robust momentum is anticipated to persist, reaching a substantial $4.98 billion by 2028, maintaining a strong CAGR of 10.9%.
Driving Forces:
The surging demand for sports apparel emerges as a significant driver propelling the growth of the cooling fabrics market. As athletes increasingly opt for sportswear made of cooling fabrics, the global sports apparel industry's revenue is projected to surge from $181 billion in 2019 to an estimated $208 billion by 2025. This escalating demand for sports apparel is a key factor fueling the growth of the cooling fabrics market.
The market is further propelled by the upswing in air passenger travel. Cooling fabrics contribute to passenger comfort during air travel, particularly in long-haul flights or warm cabin conditions. In 2022, the UK witnessed a notable increase, exceeding 224 million passengers traveling to and from airports, indicating a surge in air passenger travel that significantly contributes to the growth of the cooling fabrics market.
Explore the Global Cooling Fabrics Market with a Detailed Sample Report:
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Key Market Players:
Leading companies in the cooling fabrics market, including Coolcore LLC, Ahlstrom-Munksjö Holding, Polartec LLC, and Adidas AG, play pivotal roles in shaping the market landscape. These industry giants are actively involved in technological advancements, innovation, and addressing emerging trends.
Innovations in Cooling Fabrics:
A prominent trend gaining popularity in the cooling fabrics market is the adoption of advanced dual cooling textile technology. For example, HeiQ, a UK-based chemicals company, introduced HeiQ Cool in January 2022-a textile technology offering both instant contact and continuous evaporative cooling. This innovative fabric utilizes a biobased thermo-functional polymer, capturing heat for immediate cooling before sweating and replicating the skin's natural cooling process for prolonged comfort.
Addressing the rising demand for sustainable and energy-efficient cooling solutions, companies are focusing on the development of innovative energy-free cooling membrane materials. SPACECOOL Inc. and Kanbo Pras Corporation introduced a membrane material crafted from the radiative cooling substance SPACECOOL, providing cooling without energy consumption.
Regional Dynamics and Market Segmentation:
North America emerged as the largest region in the cooling fabrics market in 2023, with Asia-Pacific anticipated to witness the fastest growth over the forecast period.
The cooling fabrics market covered in this report is segmented -
1) By Type: Synthetic, Natural
2) By Textile Type: Woven, Nonwoven, Knitted, Other Textile Types
3) By Application: Sports Apparel, Lifestyle, Protective Wearing, Other Applications
Access the Complete Report for In-Depth Analysis:
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Cooling Fabrics Global Market Report 2024 from TBRC covers the following information:
• Market size date for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Trends, opportunities, strategies and so much more.
The Cooling Fabrics Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on cooling fabrics market size, cooling fabrics market drivers and trends, cooling fabrics market major players, competitors' revenues, market positioning, and market growth across geographies. The cooling fabrics market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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