Cooling Fabrics Market Overview:
Cooling Fabrics Market was worth USD 2.14 Billion in 2021, registering a CAGR of 10.9% during the forecast period (2022-2030), and the market is expected to surpass USD 5.43 Billion by 2030.
Cooling fabric is a fabric technology that adapts to its atmosphere and controls temperature by managing heat and moisture. They are made up of synthetic or natural fibers. They facilitate the consumers with a cooling effect as it evaporates sweat and prevents the fabric from sticking to the body, these fabrics absorb the sweat from the skin and allow clothes and skin to dry rapidly. This capability to stay fresh also adds to the cooling effect. As it develops into a smart fabric for clothing that offers several advantages like cooling effect, evaporating sweat, and many more, product demand is increasing. Over the forecasting years, market demand is likely to rise due to the growing popularity of cooling fabrics and their inherent advantages.
Their growing demand in different sectors like sports clothing, protective wearing, lifestyle, and others are boosting the market growth globally. In addition, growing global advancements along with public awareness about cooling fabrics are some factors likely to fuel the cooling fabrics market. Increasing investments in research & development in terms of customer preferences and the latest trends are also the key market drivers. In recent years Asia-pacific has been observed to hold the dominant market share in the cooling fabric market owing to the increasing population in the region along with rising consumer awareness about the fabric technology and its benefits
Market Dynamics:
Driver
The embracing of lifestyle is the primary factor helping in the growth of the cooling fabrics market. The increase in the mandate of sports clothing, the modern lifestyle, protective wearing of clothing, and several other uses act as a driving influence for the market growth. Moreover, due to people’s familiarity with comfortable materials for clothing is rising the demand for cooling fabrics in the global market
Restraint
Advanced materials like nanomaterials and nonporous polyethylene are used to manufacture cooling fabrics that are expensive for raw materials. Hence, making them unaffordable for the general public which results in hindering cooling fabrics market growth. These high prices are attributed to the extensive research and development done to make smart clothing like cooling fabrics. In addition, limited knowledge about fabrics technology among the general public is also hampering the market growth.
Opportunities
Numerous advantages offered by cooling fabrics such as temperature regulation, evaporating sweat, and protection against heat stress and pollutants increase demand for cooling fabrics in military applications. Several applications in healthcare industries are also creating profitable opportunities for the market such as the use of the fabric in heat-related illnesses, chronic diseases, and many infections.
COVID-19 Impact
The cooling fabric market has been significantly impacted due to the COVID-19 pandemic in many different parts of the world. The factors such as the slowdown of manufacturing rate, supply chain, and economic slowdown are the major impacts of COVID-19 that obstructed the growth of the cooling fabric market. As cooling fabrics are often used in many sports for clothing purposes. Due to the COVID-19 pandemic and complete lockdown, major sports events got canceled which decreased the demand for them in the market. Additionally, lockdown and strict government rules many outdoor sports and leisure activities were forced to stop. Thus, restraining the market during the pandemic.
Cooling Fabrics Report Coverage:
| Report Attributes | Report Details |
| Study Timeline | 2016-2030 |
| Market Size in 2030 (USD Billion) | 5.43 Billion |
| CAGR (2022-2030) | 10.9% |
| By Type | Synthetic and Natural |
| By Textile Type | Woven, Nonwoven, Knitted, and Others |
| By Application | Sports clothing, Lifestyle, Protective wearing, and Others |
| By Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Key Players | Ahlstrom-munksjo, Asahi Kasei Corporation, Coolcore LLC, Formosa Taffeta Co. Ltd., Hexarmor, Nanya Plastics Corporation, Nilit, Polartec, Tex-Ray, Industrial Co. Ltd. |
Market Segmentation:
By Type
The product type segment is bifurcated into synthetic and natural. The synthetic segment is projected to contribute the largest revenue share to the Cooling fabric market owing to the increased use of the fabrics in different sectors. The factors such as easy availability of raw materials, brilliant strength, smooth texture, and high tensile strength are anticipated to support the growth of the type segment. Synthetic cooling fabrics are most suitable for outdoor activities owing to their ability to regulate temperature which is expected to grow the demand for the fabrics in the forecast future. Some of the raw materials used to make synthetic fabrics are nylon, polyester, spandex, and others.
The natural segment is also estimated to substantially grow in the forecasted future owing to raising consumer awareness regarding the environment is most likely to fuel the growth of this segment. In addition, the natural fabrics are feasible, breathable, and biodegradable fabrics adding to the advantages.
By Textile Type
The textile type segment is divided into woven, nonwoven, knitted, and others. The knitted segment is estimated to contribute the largest revenue share of cooling fabrics market statistics. The factors such as the highest degree of elasticity, and better breathability structure, combined with the ability to conform to one’s body most effectively are anticipated to support the growth of the knitted segment during the forecast period. Owing to these advantages offered by the knitted cooling fabrics their demand for the manufacturing of sports clothing and other leisure activities clothing has increased. Resulting in boosting market growth substantially.
By Application
The application segment is separated into sports clothing, lifestyle, protective wearing, and others. With the growing sports industry, the market for cooling fabrics is automatically rising. This rise is attributed to their ability to evaporate sweat and protect from heat stress and pollutants, which is a necessity while playing any sport. Hence, anticipated to boost the growth of sports clothing. Additionally, the increasing application of cooling fabric in industries like manufacturing, healthcare, military for protection purposes is anticipated to grow the market growth in the coming years. Lifestyle and fashion are the other sectors where the use of cooling fabrics is trending at present.
By Region
The regional segment includes Asia Pacific, Europe, North America, the Middle East, and Africa, Latin America. In 2021, North America had the largest revenue share of over 0.76 billion USD in the Cooling fabric market owing to the early acceptance of advanced technologies. The factors such as increased expenditure on research and development studies for manufacturing better quality fabrics coupled with the large presence of key market players are estimated to contribute to the enlarged growth of the North American region.
The Asia Pacific is also projected to contribute the largest market share to the cooling fabric market. Developing countries like India and China in the Asia Pacific are anticipated to witness steady market growth owing to the factor that they are the biggest textile manufacturing countries.
Cooling Fabrics Market Competitive Landscape:
The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry. Further, the surge in Research and Development (R&D), product innovation, various business strategies, and Application launches have accelerated the growth of the Sample Preparation market. Key players in the market include-
- Ahlstrom-Munksjö
- Asahi Kasei Corporation
- Coolcore LLC
- Formosa Taffeta Co. Ltd.
- Hexarmor
- Nan Ya Plastics Corporation
- Nilit
- Polartec
- Tex-Ray Industrial Co., Ltd.
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