Cooling Fabrics Market Expansion Analysis: Size, Share, Revenue Opportunities, and Competitive Landscape, 2020-2027

The report reveals that the global cooling fabrics industry was valued at $1.9 billion in 2019 and is projected to reach $3.2 billion by 2027, with a compound annual growth rate (CAGR) of 8.6% from 2020 to 2027.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 𝐨𝐟 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰: https://www.alliedmarketresearch.com/request-sample/10659

Market Dynamics

Drivers:

- Increased Demand for Sportswear and Protective Wear: Rising consumer interest in fitness and the need for protective clothing in various industries fuel the market growth.

- Growing Popularity of Cooling Fabrics: Enhanced comfort and functionality offered by cooling fabrics boost their adoption.

Restraints:

- High Product Cost: The relatively high cost of cooling fabrics compared to conventional fabrics can limit market growth.
Opportunities:

- Emerging Demand in Medical and Defense Sectors: Increased applications in medical textiles and defense wear present significant growth opportunities.

Segment Insights

Textile Type:

- Knitted Fabrics: Dominating the market, knitted fabrics accounted for over 40% of the market revenue in 2019 due to their superior breathability and comfort.

- Woven Fabrics: Expected to grow at the fastest CAGR of 9.2% from 2020 to 2027, driven by their excellent physical and chemical properties.

Application:

- Sports Apparel: This segment led the market in 2019, contributing to over half of the global market share, driven by the fabric's ability to absorb sweat and provide a cooling effect.

- Lifestyle: Forecasted to grow at a CAGR of 9.1% by 2027, with advancements in technology and collaborations among market players enhancing product offerings.

Regional Insights

- North America: Held the largest market share in 2019, attributed to technological advancements, R&D investments, and diverse applications.

- Asia-Pacific: Predicted to exhibit the fastest CAGR of 9.2% during the forecast period, driven by increasing health consciousness and government support.

Key Market Players

Asahi Kasei Corporation
Coolcore LLC
Formosa Taffeta Co., Ltd.
Burlington
Hexarmor
Nan Ya Plastics Corporation
Polartec
Nilit
Tex-Ray Industrial Co., Ltd.

𝐎𝐛𝐭𝐚𝐢𝐧 𝐑𝐞𝐩𝐨𝐫𝐭 𝐃𝐞𝐭𝐚𝐢𝐥𝐬: https://www.alliedmarketresearch.com/cooling-fabrics-market-A10294

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