Cooling Fabrics Market by Type (Cotton, Linen, Cocoa, Jade, bamboo, Nylon, PP), Textile Type (Woven, Nonwoven, Knitted), Technology (Active, Phase-change, Evaporative), Application (Sport, Lifestyle, Protective Wearing), & Region - Global Forecast to 2028
The cooling fabrics market is projected to grow from USD 2.4 billion in 2023 to USD 3.6 billion by 2028, at a CAGR of 7.7%. The cooling fabrics market has observed stable growth throughout the study period and is anticipated to continue with the same trend during the forecast period. Increase demand for comfortable clothing in hot climates, increasing awareness of the benefits of temperature-regulating fabrics, and advancements in textile technology are expected to drive the growth of the market in the upcoming years.
Attractive Opportunities in the Cooling Fabrics Market
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Market Dynamics:
Driver: Increasing demand for comfortable clothing
People are increasingly engaging in physical activities and leading active lifestyles. Whether it's sports, outdoor adventures, or regular exercise, individuals require clothing that can manage moisture and regulate body temperature during physical exertion. Cooling fabrics are highly breathable, allowing air to circulate and flow through the fabric. This helps to enhance ventilation and promote airflow, which is crucial for maintaining comfort in hot and humid environments. Improved breathability also prevents the build-up of sweat and odor, keeping the wearer fresh and dry. Therefore, by regulating body temperature, managing moisture, and providing breathability, cooling fabrics offer enhanced comfort compared to traditional fabrics, which makes them highly desirable among consumers.
Restraint: High cost of cooling fabrics compared to regular fabrics
The cost of cooling fabrics can vary depending on several factors, including the type of fabric, the cooling technology used, manufacturing processes, consumer preferences, global trade patterns and market demand. Also, cooling fabrics with advanced technologies such as phase change materials (PCM) or microencapsulation tend to be more expensive. These fabrics offer enhanced cooling effects and prolonged temperature regulation. The use of specialized materials, manufacturing processes, and proprietary technologies contribute to their higher cost. Thus, the overall high cost of cooling fabrics can make them relatively expensive compared to traditional fabrics, limiting their affordability for some consumers, which is expected to hamper the growth of cooling fabrics market.
Opportunity: Increasing usage in medical and healthcare sector.
Usage of cooling fabrics is increasing in the medical and healthcare sector owing to their valuable applications. They are incorporated into wound dressings to provide a cooling effect on injured or burned skin. The cooling sensation helps to alleviate pain, reduce inflammation, and promote faster healing. Cooling wound dressings can be particularly beneficial for burns, as they provide relief from the heat and help in managing pain during the recovery process. Thus, the use of cooling fabrics in medical and healthcare applications that aim to enhance patient comfort, support the healing process, and improve the overall quality of care, are expected to create opportunities for cooling fabrics market during forecast period.
Challenge: Low market penetration
Cooling fabrics require some level of explanation and education to fully understand their properties and advantages. However, comprehensive educational resources or campaigns about cooling fabrics may be lacking. Without adequate information, consumers may not actively seek out or understand the benefits of cooling fabrics when making purchasing decisions. Thus, the education and awareness of cooling fabrics are relatively low among the general population which poses a challenge to the market.
Cooling Fabrics market: ecosystem
Prominent companies in this market include well-established, and financially stable manufacturers of cooling fabrics. These companies have been operating in the market for several years and possess a diversified product portfolio and strong global sales and marketing networks. Prominent companies in this market include Coolcore (US), Nan Ya Plastics Corporation (Taiwan), Ahlstrom (Finland), NILIT (Israel), and Polartec (US).
Based on type, the synthetic segment is projected to account for the largest share in 2023.
The synthetic segment is estimated to have the largest share of the global cooling fabrics market in 2023. They are typically made from synthetic fibers such as polyester, nylon, or polypropylene. The key drivers for the synthetic cooling fabrics include the enhanced moisture-wicking, quick drying, breathability, high strength, endurance, elasticity, and smooth texture.
Based on textile type, the knitted segment is projected to account for the largest share in 2023.
The knitted segment is estimated to have the largest share of the global cooling fabrics market in 2023. These fabrics are known for their stretchability, breathability, and flexibility, making them popular choices for cooling applications. Knitted cooling fabrics offer ease of movement and a comfortable fit that is particularly beneficial in sportswear or activewear applications. Thus, the combination of breathability, moisture-wicking, stretch, and comfort makes knitted cooling fabrics an excellent choice for individuals seeking optimal cooling and performance in their clothing, which can be boost the cooling fabrics market.
Based on application, the sports apparel segment is projected to account for the largest share in 2023
The sports apparel segment is estimated to have the largest share of the global cooling fabrics market in 2023. Cooling fabrics are extensively used in sports apparel to provide athletes and active individuals with enhanced comfort and performance during physical activities. They are designed for specific sports such as running, cycling, tennis, basketball, soccer, among others. These fabrics aid in moisture-wicking, promote airflow, and enhance comfort, allowing athletes to focus on their performance. Thus, the rising use of sports apprel globally is promoting the growth of cooling fabrics market.
Based on region, Asia Pacific region is projected to register the highest CAGR during the forecast period
The region has a large and active population engaged in sports, fitness, and outdoor activities. As a result, there is a rising demand for performance apparel that offers cooling properties, moisture management, and breathability. Consumers are increasingly seeking clothing that can enhance their comfort and performance during physical activities, driving the demand for cooling fabrics. The region is also witnessing rapid urbanization, accompanied by changes in lifestyle patterns. As more individuals adopt active and health-conscious lifestyles, the demand for sportswear, athleisure wear, and outdoor apparel with cooling properties is increasing, which is expected to drive the market growth.
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Key Market Players
Coolcore (US), Ahlstrom (Finland), NILIT (Israel), Polartec (US), Nan Ya Plastics Corporation (Taiwan), TexRay Industrial Co., Ltd. (Taiwan), Formosa Taffeta Co., Ltd. (Taiwan), Asahi Kasei Corporation (Japan), Everest Textile Co., Ltd. (Taiwan), Nanotex (US), Bhttps://www.marketsandmarkets.com/Market-Reports/cooling-fabrics-market-34980818.htmlington Fabrics (US), Libolon (Taiwan), Columbia Sportswear Company (US), Marcel Liebaert NV (Belgium), HeiQ Materials AG (Switzerland), Patagonia (US), and Virul INTL (US) and others are among the major players leading the market through their innovative offerings, enhanced production capacities, and efficient distribution channels.
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- Latest News, Updates & Trend analysis
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Report Metric |
Details |
|
Market Size Available for Years |
2016 to 2028 |
|
Base Year Considered |
2022 |
|
Forecast Period |
2023–2028 |
|
Forecast Units |
Value (USD Million/Billion) |
|
Segments Covered |
Type, Textile Type, Application, and Region |
|
Geographies Covered |
Europe, Asia Pacific, North America, South America, and the Middle East & Africa |
|
Companies Covered |
The major market players include Coolcore (US), Ahlstrom (Finland), NILIT (Israel), Polartec (US), Nan Ya Plastics Corporation (Taiwan), TexRay Industrial Co., Ltd. (Taiwan), Formosa Taffeta Co., Ltd. (Taiwan), Asahi Kasei Corporation (Japan), Everest Textile Co., Ltd. (Taiwan), Nanotex (US), Bhttps://www.marketsandmarkets.com/Market-Reports/cooling-fabrics-market-34980818.htmlington Fabrics (US), Libolon (Taiwan), Columbia Sportswear Company (US), Marcel Liebaert NV (Belgium), HeiQ Materials AG (Switzerland), Patagonia (US), and Virul INTL (US) and others. |
This research report categorizes the cooling fabrics market based on type, textile type, application, and region.
Based on type, the cooling fabrics market has been segmented as follows:
- Natural
- Synthetic
Based on textile type, the cooling fabrics market has been segmented as follows:
- Woven
- Nonwoven
- Knitted
Based on application, the cooling fabrics market has been segmented as follows:
- Sports apparel
- Lifestyle
- Protective wearing
- Others
Based on the region, the cooling fabrics market has been segmented as follows:
-
Asia Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia Pacific
-
Europe
- Germany
- Italy
- France
- UK
- Spain
- Portugal
- Rest of Europe
-
North America
- US
- Canada
- Mexico
-
Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
- Rest of Middle East & Africa
-
South America
- Brazil
- Argentina
- Rest of South America
Recent Developments
- In April 2022, Columbia Sportswear Commpany announced the expansion of capabilities at its Robards, Kentucky (US) distribution center. The company has invested approximately $4 million in the facility.
- In January 2022, HeiQ Materials AG announced the launch of a new dual action textile cooling technology, HeiQ Cool, the world’s first textile technology to deliver both instant contact cooling and continuous evaporative cooling.
Frequently Asked Questions (FAQ):
What is the key driver for the cooling fabrics market?
Increasing demand for comfortable clothing, rising standard of living coupled with growing population are the major driving factors for cooling fabrics market.
Which region is expected to register the highest CAGR in the cooling fabrics market during forecast period?
The cooling fabrics market in Asia Pacific is estimated to register the highest CAGR during forecast period. Due to the region's expanding population, industrialization, urbanization, and rising demand for premium cars, automotive lead acid battery consumption is on the rise in the Asia Pacific region.
What is the major application of cooling fabrics?
The sports apparel segment with increasing people’s active participation in sports & outdoor activities worldwide is the major application of cooling fabrics.
Who are the major manufacturers of cooling fabrics?
The key players operating in the market include Coolcore (US), Nan Ya Plastics Corporation (Taiwan), Ahlstrom (Finland), NILIT (Israel), and Polartec (US).
What is the total CAGR expected to record for the cooling fabrics market during 2023-2028?
The market is expected to record a CAGR of 7.7% from 2023-2028. .
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The study involved four major activities in estimating the current market size of cooling fabrics. Exhaustive secondary research was done to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizes with industry experts across the value chain of cooling fabrics through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, market breakdown and data triangulation were used to estimate the size of the segments and sub-segments of the market.
Secondary Research
The research methodology used to estimate and forecast the access control market begins with capturing data on revenues of key vendors in the market through secondary research. BusinessWeek, Factiva, World Bank, and Industry Journals, such as Hoovers, Bloomberg BusinessWeek, Factiva, World Bank, and Industry Journals, were referred to for identifying and collecting information for this study. These secondary sources included annual reports, press releases & investor presentations of companies; white papers; certified publications; articles by recognized authors; notifications by regulatory bodies; trade directories; and databases. Vendor offerings have also been taken into consideration to determine market segmentation.
Primary Research
The cooling fabrics market comprises several stakeholders, such as such as raw material suppliers, importers & exporters of textiles, cooling fabrics manufacturers, and regulatory organizations in the supply chain. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. Primary sources from the supply side included industry experts such as Chief Executive Officers (CEOs), vice presidents, marketing directors, technology and innovation directors, and related key executives from various key companies and organizations operating in the cooling fabrics market. Primary sources from the demand side included directors, marketing heads, and purchase managers from various sourcing industries. Following is the breakdown of the primary respondents:
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Market Size Estimation
Both the top-down and bottom-up approaches were used to estimate and validate the total size of the cooling fabrics market. These methods were also used extensively to determine the size of various sub-segments in the market. The research methodology used to estimate the market size included the following:
- The key players were identified through extensive primary and secondary research.
- The value chain and market size of the cooling fabrics market, in terms of value, were determined through primary and secondary research.
- All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.
- All possible parameters that affect the market covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data.
- The research included the study of reports, reviews, and newsletters of top market players, along with extensive interviews for opinions from key leaders, such as CEOs, directors, and marketing executives.
Global Cooling Fabrics Market Size: Bottom-Up Approach
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Global Cooling Fabrics Market Size: Top-Down Approach
Data Triangulation
After arriving at the overall market size using the market size estimation processes as explained above, the market was split into several segments and sub-segments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides in the textile sector.
Market definition
Cooling fabrics, also known as cooling textiles, refer to specially designed textiles that have the ability to provide a cooling effect to the wearer's body. Cooling fabrics incorporate various technologies and innovative materials to achieve their cooling properties. These fabrics are commonly used in athletic and sports apparel, outdoor clothing, and bedding products. They aim to provide a more comfortable and thermally regulated experience in warm conditions, allowing individuals to stay cool and perform better during physical activities or in hot climates.
Key Stakeholders
- Manufacturers, Suppliers, and Distributors of Cooling Fabrics
- Regulatory Bodies, Government Agencies, and NGOs
- Research & Development (R&D) Institutions
- Importers and Exporters of Textiles
- End-use Industries
- Consulting Firms, Trade Associations, and Industry Bodies
- Investment Banks and Private Equity Firms
Report Objectives:
- To analyze and forecast the market size of cooling fabrics in terms of value
- To provide detailed information regarding the major factors (drivers, restraints, challenges, and opportunities) influencing the regional market
- To analyze and forecast the global cooling fabrics market on the basis of type, textile type, application, and region
- To analyze the opportunities in the market for stakeholders and provide details of a competitive landscape for market leaders
- To forecast the size of various market segments based on five major regions: North America, Europe, Asia Pacific, South America, and the Middle East & Africa, along with their respective key countries
- To track and analyze the competitive developments, such as new product launches, acquisitions, partnerships, investments, and expansions, in the market
- To strategically profile the key players and comprehensively analyze their market shares and core competencies
Available Customizations:
With the given market data, MarketsandMarkets offers customizations according to the client-specific needs.
The following customization options are available for the report:
- Additional country-level analysis of the cooling fabrics market
- Profiling of additional market players (up to 5)
Product Analysis
- Product matrix, which gives a detailed comparison of the product portfolio of each company.
Growth opportunities and latent adjacency in Cooling Fabrics Market
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