Press release
Cooling Fabrics Global Market Report 2024: Key Players, Demand Patterns And Forecasts 2033 | Coolcore LLC, Ahlstrom-Munksjö Holding, Polartec LLC, Formosa Taffeta Co Ltd., Hong Li Textile Co Ltd
Cooling Fabrics Market Size
The Business Research Company offers in-depth market insights through Cooling Fabrics Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The cooling fabrics market size has grown rapidly in recent years. It will grow from $2.99 billion in 2023 to $3.29 billion in 2024 at a compound annual growth rate (CAGR) of 10.3%. The growth in the historic period can be attributed to increased sports and outdoor activities, increased focus on health and comfort needs, environmental sustainability, regulatory compliance, and increased research and development
.
The cooling fabrics market size is expected to see rapid growth in the next few years. It will grow to $4.98 billion in 2028 at a compound annual growth rate (CAGR) of 10.9%. The growth in the forecast period can be attributed to increasing focus on apparel and fashion trends, urbanization and heat islands, climate change adaptation, increasing use in medical and healthcare applications, and growing e-commerce and online retail. Major trends in the forecast period include sustainable and eco-friendly fabrics, apparel and fashion trends, innovative research and development, technological advancements, cutting edge technological solutions
.
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Market Segmentation:
The main types of cooling fabrics are synthetic cooling fabrics and natural cooling fabrics. Synthetic cooling fabrics are manufactured using synthetic fibers such as polyester, spandex, and nylon. Synthetic fabrics are considered more suitable for outdoor sports activities as they regulate the body temperature of the wearer through their superior evaporative characteristics. Natural cooling fabrics are manufactured using natural fibers like cotton, chambray, and linen which allows for airflow and circulation in and out of the fabric. The various types of textiles include woven, nonwoven, knitted, and others. The cooling fabrics are used in different areas including sports apparel, lifestyle, protective wearing, and others.
Major Driver - Rising Sports Apparel Demand Boosts Growth In Cooling Fabrics Market
The increasing demand for sports apparel is projected to propel the growth of the cooling fabrics market in the coming years. Sportswear is clothing that is worn during strenuous athletic tasks such as working out or engaging in sports. Sportspeople tend to wear outfits made of cooling fabrics to stay dry when on the field, which enables the wearer to be more relaxed and thus aids success in sporting events. For instance, the global sports apparel industry revenue is expected to increase from $181 billion in 2019 to $208 billion by 2025. Therefore, the increasing demand for sports apparel drives the cooling fabrics market growth.
Competitive Landscape:
Major companies operating in the cooling fabrics market include Coolcore LLC, Ahlstrom-Munksjö Holding, Polartec LLC, Formosa Taffeta Co Ltd., Hong Li Textile Co Ltd, National Institute of Electronics & Information Technology, Tex-Ray Industrial Co Ltd., Asahi Kasei Corporation, Hexarmor, Invista, Adidas AG, Sun Dream Enterprise Co Ltd., Everest Textile Co Ltd., Nanotex LLC, Singtex Industrial Co Ltd., Nike Inc., Nan Ya Plastics Corporation, Balavigna Weaving Mills Pvt Ltd., Burlington Stores Inc., Columbia Sportswear Company, Heiq Materials AG, Lee Yaw Textile Co Ltd., Libolon, Marcel Liebaert Nv, Patagonia Inc., Technical Absorbents Ltd., Tehrani Industrial Group, VF Corporation, Ventex Co Ltd., Wilson Fabrics, Virul International Pvt Ltd.
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Top Trend - Advanced Dual Cooling Textile Technology Is A Key Trend Gaining Popularity In The Cooling Fabrics Market
Major firms in the cooling fabrics industry are focused on developing technologically advanced solutions for cooling fabrics. For instance, in January 2022, HeiQ, a UK-based chemicals company, launched the HeiQ Cool, a unique textile technology that offers both instant contact and continuous evaporative cooling. This fabric regulates skin temperature with dual cooling: first, by absorbing melting energy for immediate cooling before sweating, then through vaporizing energy, replicating the skin's natural cooling process for prolonged comfort. This is powered by a biobased thermo-functional polymer that captures heat, providing an immediate cool feeling.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Cooling Fabrics Market Characteristics
3. Cooling Fabrics Market Trends And Strategies
4. Cooling Fabrics Market - Macro Economic Scenario
5. Cooling Fabrics Market Size And Growth
…..
27. Cooling Fabrics Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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