Cooling Fabrics Market: Global Industry Analysis And Forecast (2022-2029)

Cooling Fabrics Market is anticipated to reach US$ 3.19 Bn. by 2029 from US$ 2.00 Bn. in 2021 at a CAGR of 6 % during a forecast period.

Natural and synthetic materials can be used to make cooling fabrics. Cooling fabric is a novel product that provides cooling, warmth, and a soft, skin-like texture. Customers benefit from the cooling effect of cooling fabrics because it helps to evaporate sweat and keeps the fabric from sticking to the body. The circulation of moisture and controlled evaporation are important benefits of cooling fabrics. These fabrics are distinct from other thermoregulation textiles.

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Cooling Fabrics Market Dynamics
The market is expected to grow due to an increase in smart and intelligent fabric clothes that protect against heat, have a wrinkle-free texture, evaporate sweat, dry quickly, and keep the wearer's body cool. The increasing demand for cooling fabrics for use in the textile industry is expected to drive cooling fabrics market growth during the forecast period. Similarly, cooling fabrics are used in sportswear applications due to their properties such as heat, moisture, and perspiration resistance, lightweight, smart, and easy to carry wearable. As a result, rising sports and leisure activities in regions such as North America, Europe, and the Asia Pacific are expected to have a positive impact on the market. Sportspeople prefer to wear outfits made of cooling fabrics, which aid in regulating body temperatures and keeping them dry while on the field.

In addition, cooling polymers are employed in protective clothing. Textiles used for protection are subjected to a variety of hostile and hazardous conditions, including extreme heat. Cooling materials absorb heat by generating a cooler microclimate between the wearer and the environment. As a result, the market is likely to benefit from the rising demand for cooling materials in protective apparel. Rising demand from the medical and defense industries provides the most promising potential for the cooling textiles market during the forecast period.

Cooling textiles are in high demand in military applications due to benefits like temperature management, resistance to damaging ultraviolet (UV) radiation and pollutants, and the protection they give to users in extreme temperatures. The cooling effect can help with the wearer's safety as well as performance. Cooling textiles are also becoming more popular in the medical field for the treatment of heat-related disorders, infections, and chronic illnesses that can result in high body temperatures and fever.

Cooling textiles' high production costs, which necessitate intricate, expensive infrastructure, hinder the market growth. Because cooling textiles require raw ingredients like nylon, polyester, and other oils, increased crude oil prices may result in a high-end product price.
Cooling Fabrics Market Segment Analysis
By Type, by 2021, synthetics are expected to account for the vast majority of the global cooling fabric market. The rise is due to the highly developed production capabilities of these textiles, as well as their cost-effectiveness and ease of manufacture. Nylon, polyester, and spandex are some of the basic ingredients used to make synthetic cooling garments. As a consequence, the segment's growth is aided by the accessibility of raw materials for manufacturing synthetic cooling textiles. Synthetic cooling textiles are predicted to gain in popularity throughout the forecast period due to their amazing strength, high elasticity, and smooth texture.

By Textile Type, Knitted fabrics have a wider range of applications than textiles. Knitted fabrics are easier for the user to use because of qualities like improved ventilation and the ability to fit perfectly. As a result of its use in sports equipment, the market for knitted textiles cooling is expected to widen over the forecast period.
Cooling Fabrics Market Regional Insights
In 2021, North America had the largest market share, accounting for more than two-fifths of the total, followed by Europe and the Asia Pacific. In North America, the United States is one of the largest users of cooling textiles. The market for cooling textiles in North America is driven by technical advancements, R&D investments, the sporting goods industry, and the availability of a diverse variety of end-use applications. In 2021, the United States accounted for 82.9 percent of the North American market.

During the forecast period, the Asia-Pacific region is expected to grow at a CAGR of 9.2%. The rising consumer demand for fitness and health consciousness, combined with government backing, is expected to boost the market's growth in the area. Countries such as China and India are industrial centers, and the rise of production is expected to grow market demand for cooling textiles.

Due to increased demand from the sportswear and textile sectors, Europe is expected to grow at a high rate. Increased customer inclination for practical clothes, as well as emerging influencer trends, are expected to have a beneficial impact on the European market. Latin America's market is growing due to rising disposable income and changing weather conditions, which are both fuelling market growth.
Report Objectives:
• Landscape analysis of the Cooling Fabrics Market
• competitive benchmarking
• Past and current status of the industry with the forecasted market size and trends
• Evaluation of potential key players that include market leaders, followers, and new entrants
• Technology trends
• Potential impact of micro-economic factors of the market
• External and Internal factors affecting market have been analysed

The report also helps in understanding the Cooling Fabrics Market dynamics, structure by analysing the market segments and project the Cooling Fabrics Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Cooling Fabrics Market make the report investor’s guide.
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Cooling Fabrics Market


Report Coverage
Details


Base Year:
2021
Forecast Period:
2022-2029


Historical Data:
2017 to 2021
Market Size in 2021:
US $ 2.00 Bn.


Forecast Period 2022 to 2029 CAGR:
6 %
Market Size in 2029:
US $ 3.19 Bn.


 Segments Covered:
by Type
• Synthetic
• Natural


by Textile Type
• Woven
• Nonwoven
• Knitted


by Application
• Sports Apparel
• Protective Wear
• Lifestyle
• Others



Cooling Fabrics Market, by Region
• North America
• Asia pacific
• Europe
• Middle East and Africa
• South America
Cooling Fabrics Market Key Players
• Coolcore LLC
• Ahlstrom-Munksjö
• Nilit
• Polartec
• Nan Ya Plastics Corporation
• Tex-Ray Industrial Co., Ltd.
• Formosa Taffeta Co., Ltd.
• Asahi Kasei Corporation
• Hexarmor
• Adidas AG
• Ahlstrom-Munksjo Oyj
• Coolcore, LLC
• Formosa Taffeta Co., Ltd.
• HDM, Inc.
• Kraton Corporation
Frequently Asked Questions
1. What is the projected market size & growth rate of Cooling Fabrics Market?
Ans- Cooling Fabrics Market was valued at USD 2.00 billion in 2021 and is projected to reach USD 3.19 billion by 2029, growing at a CAGR of 6 % during the forecast period.

2. What are the key driving factor for the growth of the Cooling Fabrics Market?
Ans- The market is expected to expand due to an increase in smart and intelligent fabric clothes that protect against heat, have a wrinkle-free texture, evaporate sweat, dry quickly, and keep the wearer's body cool.

3. Which Region accounted for the largest Cooling Fabrics Market share?
Ans- In 2021, North America had the largest market share, accounting for more than two-fifths of the total, followed by Europe and the Asia Pacific.

4. What makes North America a Lucrative Market for Cooling Fabrics Market?
Ans- The market for cooling textiles in North America is driven by technical advancements, R&D investments, the sporting goods industry, and the availability of a diverse variety of end-use applications.

5. What are the top players operating in Cooling Fabrics Market?
Ans- Coolcore LLC, Ahlstrom-Munksjö, Nilit, Polartec, Nan Ya Plastics Corporation, Tex-Ray Industrial Co., Ltd., and Formosa Taffeta Co., Ltd.