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% from 2023 to 2028. The rising interest in sports and fitness activities has led to an increased demand for performance-enhancing textiles. Cooling fabrics are highly sought after in the sports industry as they help manage body heat and moisture during intense physical activities, improving comfort and performance.
Companies such as Coolcore (US), Nan Ya Plastics Corporation (Taiwan), Ahlstrom (Finland), NILIT (Israel), and Polartec (US), fall under the winners’ category. These are leading players in the cooling fabrics market, globally. These players have adopted the strategies of new product launches, acquisitions, expansions, partnerships, and investments to increase their market shares.
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Coolcore is one of the leading players engaged in manufacturing cooling fabrics especially for sports apparel and other types of wicking clothing applications. The chemical-free cooling fabrics of the company deliver three major functions of wicking, moisture circulation, and regulated evaporation. All fabrics offered by the company have patented technologies that offer superior moisture wicking & transport advantages compared to the traditional textiles. People involved in running, cycling, hiking, walking, skating, and boating are the major end-users of the company's products.
Nan Ya Plastics Corporation
Nan Ya Plastics Corporation is one of the leaders specialized in the production and distribution of plastic and chemicals. It is a subsidiary of the Formosa Plastics Group, one of Taiwan's largest and most diversified conglomerates. The company operates through 4 business segments, namely, plastics product, plastics material, electronic materials, and polyester product. It offers the cooling fabrics under polyester product segment. The company has presence across Asia Pacific, North America, South America, Europe, and Middle East & Africa.
Ahlstrom, formerly known as Ahlstrom-Munksjö after its merger with Munksjö Oyj, is a global company that specializes in the manufacturing of fiber-based materials. The company operates in various business areas, including Advanced Filtration, Building and Energy, Food Packaging, Industrial Solutions, and Medical and Life Science. It has a global presence with more than 35 manufacturing plants in various countries across Asia Pacific, Europe, North America, and South America.
NILIT is a global manufacturer and supplier of high-quality nylon (polyamide) fibers, based in Israel. The company specializes in the production of nylon 6.6 fibers and serves various industries, including apparel, activewear, intimate apparel, hosiery, swimwear, automotive, home textiles, and outdoor applications. Their fibers are valued for their superior performance attributes, such as moisture management, temperature regulation, abrasion resistance, and shape retention.
Polartec is among the major manufacturers of fabrics and fabric technologies used in various end-use applications. The company operates as a subsidiary of Milliken & Company, the latter acquired the former in June 2019. It offers base materials as well as insulated, protected, and flame-resistant fabrics. Under base materials, the company provides base fabrics with superior efficiency, excellent wicking properties, fast drying capability, and enhanced performance. These materials are used in the manufacturing of active clothes, workwear, and military uniforms.
Cooling Fabrics Market by Type (Natural, Synthetic), Textile Type (Woven, Nonwoven, Knitted), Application (Sports Apparel, Lifestyle, Protective Wearing), and Region( APAC, Europe, North America, ROW)- Global Forecast to 2028
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