Cooling Fabrics Market Outlook: Presents Market Insights & Depth Analysis

Allied Market Research published a report on the global cooling fabrics market, forecasting significant growth from 2020 to 2027. The market was valued at $1.9 billion in 2019 and is projected to reach $3.2 billion by 2027, growing at a CAGR of 8.6%.

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

Market Drivers, Restraints, and Opportunities

- Drivers: The rising demand for sportswear and protective clothing, coupled with the increasing popularity of cooling fabrics, significantly propels market growth. These fabrics are particularly favored in hot climates or during intense physical activities for their ability to regulate body temperature and improve comfort.

- Restraints: Despite strong growth drivers, high product costs present a challenge for market expansion. The higher price point of cooling fabrics compared to traditional fabrics may limit widespread adoption, particularly in cost-sensitive segments.

- Opportunities: The growing applications of cooling fabrics in medical and defense sectors present lucrative opportunities. As demand rises for protective and healthcare garments that offer enhanced cooling properties, market players are expected to explore innovative solutions tailored for these industries.

Key Market Insights

Textile Type:

- The knitted segment led the market, contributing over 40% of revenue in 2019. Knitted fabrics are favored for their superior comfort, breathability, and body-fit properties, making them ideal for sports and activewear.

- The woven segment is expected to grow at the fastest rate, with a CAGR of 9.2%. Woven fabrics' advanced functionality and superior physical and chemical properties make them increasingly popular in cooling fabric applications.

Application:

- The sports apparel segment dominated the market in 2019, accounting for more than half of the total market share. Cooling fabrics, which absorb sweat and provide cooling effects, are highly beneficial in athletic wear, driving segment growth.

- The lifestyle segment is expected to grow at the fastest rate, with a CAGR of 9.1%. This surge is driven by increased consumer demand for cooling fabrics in casual and performance apparel.

Regional Insights:

- North America held the largest share of the market in 2019, fueled by technological advancements, increased R&D investments, and a variety of end-use applications.

- The Asia-Pacific region is poised to experience the fastest growth, with a CAGR of 9.2%. Growing health and fitness trends, along with government support for innovation in activewear, contribute to the region's rapid market expansion.

Leading Companies in the Cooling Fabrics Market

The cooling fabrics market is competitive, with several key players leading the industry:

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

Conclusion:

The global cooling fabrics market is set for robust growth over the forecast period, driven by advancements in textile technology, an increasing demand for sportswear, and applications in diverse industries such as defense and healthcare. Although challenges like high product costs remain, innovations in fabric technology and a shift toward health-conscious consumer behavior present significant opportunities for market players. The Asia-Pacific region is expected to be the fastest-growing market, while North America remains a dominant force in driving the industry's overall growth.

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

Contact:

David Correa

United States

1209 Orange Street,

Corporation Trust Center,

Wilmington, New Castle,

Delaware 19801 USA.

Int'l: +1-503-894-6022

Toll Free: +1-800-792-5285

Fax: +1-800-792-5285

help@alliedmarketresearch.com

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

This release was published on openPR.