Cooling Fabrics Market Outlook - 2027
The global cooling fabrics market size 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% from 2020 to 2027.
Cooling fabrics can be made from both natural and synthetic materials. Cooling fabric is an innovative product that provides cooling, warmth, and a skin-like soft texture. Cooling fabrics provide convenience for customers by having a cooling effect as it helps to evaporate sweat and prevents the fabric from sticking to the body. Vital benefits of cooling fabrics include the circulation of moisture and controlled evaporation. These fabrics are distinct from other textiles used for thermoregulation.
The global demand for cooling fabrics is rising due to people's knowledge of comfortable materials for clothing. Cooling fabrics are witnessing rapid growth in the sports industry in countries such as the U.S., China, Brazil, Russia, and Malaysia. In these countries, sportsmen are increasingly becoming aware about the need for comfortable clothes, which consequently raises the degree of comfort during sports competitions. In addition, a significant number of athletes prefer more desirable materials for their garments. In the expected timeframe, the rising knowledge among these individuals will continue to act as a major driver for the global market for cooling fabrics. In addition, the demand for cooling fabrics is expected to rise rapidly in emerging economies during the forecast era, with rising economic growth, evolving lifestyles and increasing sports culture. However, a significant number of individuals refrain from purchasing such clothing due to the high cost of the product, which restricts cooling fabrics market growth.
The global cooling fabrics market is segmented based on type, textile type, applications, and region. By type, the market is classified into synthetic and natural. Based on textile type, the market is segmented into woven, nonwoven, knitted, and others. Based on application, the market is divided into sports apparel, lifestyle, protective wearing, and others. Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The manufacturers studied and profiled in the global cooling fabrics market are Ahlstrom-Munksjö, Asahi Kasei Corporation, Burlington, Coolcore LLC, Formosa Taffeta Co., Ltd., Hexarmor, Nan Ya Plastics Corporation, Nilit, Polartec, and Tex-Ray Industrial Co., Ltd.
Global Cooling Fabrics Market, by Type
By type, due to the well-developed production ability for producing these fabrics and the ease of the manufacturing process, synthetic fabrics accounted for a substantial cooling fabrics market share. In addition, synthetic fibers are more cost-effective to manufacture, leading to greater demand for such fabrics.
By Type
Synthetic is projected as the most lucrative segment.
Global Cooling Fabrics Market, by Textile Type
By textile type, knitted cooling fabrics are estimated for the largest portion of the global cooling fabrics market over the outlook period. Knitted textiles have a high degree of elasticity due to the looseness of the fabric thread as opposed to woven fabrics.
By Textile Type
Knitted is projected as the most lucrative segment.
Global Cooling Fabrics Market, by Application
By application, as a result of the growing sports industry, which in turn boosts sportswear sales, demand for cooling capable clothing materials is expected to increase at a substantial pace for sports apparel. In addition, sports are common among the young generation due to leisure activities, which continue to generate demand for fabrics with cooling capabilities.
By Application
Sports Apparel is projected as the most lucrative segment.
Global Cooling Fabrics Market, by Region
By region, among all the regions, North America held a significant share in the market, driven by well-developed sports industry in the countries such as the U.S. and Canada.
By Region
North America holds a dominant position in 2019 and would continue to maintain the lead over the forecast period.
Key Benefits For Stakeholders
- The report provides an in-depth analysis of the cooling fabrics market forecast along with the current trends and future estimations.
- This report highlights the key drivers, opportunities, and restraints of the market along with the impact analyses during the forecast period.
- Porter’s five forces analysis helps analyze the potential of the buyers & suppliers and the competitive scenario of the global cooling fabrics industry for strategy building.
- A comprehensive cooling fabrics market analysis covers factors that drive and restrain market growth.
- The qualitative data in this report aims on market dynamics, trends, and developments.
Impact Of Covid-19 On The Global Cooling Fabrics Market
- The world is battling the contagious COVID-19 pandemic, which has spread across the globe.
- Some of the major economies suffering the COVID-19 crises include Germany, France, Italy, Spain, the UK, and Norway.
- Cooling fabrics are primarily used in sports apparel, lifestyle, protective wearing, others; and as an impact of national lockdown, these sectors were experiencing a slight decline in growth rates.
- Owing to recent COVID-19 pandemic, the global cooling fabrics market is experiencing sudden decline in sales. Apart from this, players in this market are facing many issues related to production and transportation. Thus, the industry leaders are focused on strategizing business moves and minimizing negative impact of the COVID-19 pandemic. With many countries starting unlocking processes, the global cooling fabrics market is expected to regain its regular activities in the upcoming period.
- The coronavirus (COVID-19) has caused an exceptional situation globally, creating an incredible demand for healthcare goods in general, and specifically for protective medical products.
- Cooling fabrics are also used to manufacture protective wear. Cooling fabrics create a cooler microclimate to remove heat between the user and the environment. Hence, the increasing demand for cooling fabrics in protective clothing is expected to drive the market.
Cooling Fabrics Market, by Type Report Highlights
| Aspects | Details |
 By Type |
|
 By Textile Type |
|
 By Application |
|
 By Region |
|
 Key Market Players | Hexarmor, Burlington, Tex-Ray Industrial Co., Ltd., Coolcore LLC, Ahlstrom-Munksjö, Polartec, Asahi Kasei Corporation, Nan Ya Plastics Corporation, Formosa Taffeta Co., Ltd., Nilit |
Analyst Review
As per CXOs of the leading companies, the global cooling fabrics market is moving toward growth stabilization phase in its industry life cycle. The factors driving the global market for cooling fabrics are growth in demand from the sports apparel, lifestyle, and other sectors. In 2019, synthetic cooling fabrics segment dominated the global market for cooling fabrics. The durability and cooling offered by synthetic fabrics, which are often not achievable with natural fabrics, contribute to their higher market share. Commonly used synthetic cooling fabrics are made from nylon, polyester, and spandex. Another factor driving the growth of this segment is the simple availability of raw materials used to produce these fabrics.
The knitted cooling fabrics are expected to account for the largest share of the cooling fabrics market in 2019. Knitted textiles have a high degree of elasticity due to the looseness of the fabric thread as opposed to woven fabrics. The application of sports apparel is determined to add a substantial portion to the global demand for cooling fabrics in the next few years. In the manufacture of sports apparel, cooling fabrics play an extremely important role, allowing the wearer to have an impact when conducting sports activities. North America, however, is expected to dominate the cooling fabrics market at a substantial compound annual growth rate, followed by Europe and the Asia-Pacific (APAC). One of the main customers of cooling fabrics in North America is the U.S. Increased technological innovation, investment in R&D and other factors are driving the demand for cooling fabrics in North America, along with the existence of a wide range of end-use applications.
Key factors driving the cooling fabrics market growth include changing consumer trends and preferences along with increasing research and development activities.
The market value of cooling fabrics in the forecast period is anticipated to be $3.2 Billion.
Ahlstrom-Munksjö, Asahi Kasei Corporation, Burlington, Coolcore LLC, Formosa Taffeta Co., Ltd., Hexarmor, and Nan Ya Plastics Corporation are the top companies in the cooling fabrics industry
Sports apparel and protective wearing application is projected to increase the demand for cooling fabrics market
Synthetic is the leading segment in this market
Increasing research and development for cooling fabrics is the main factor anticipated to drive the cooling fabrics market.
The expansion of sports apparel is expected to boost demand for cooling fabrics, thus boosting the growth of the global market during the projected period.
Owing to the outbreak of the COVID-19 pandemic, the global cooling fabrics market is expected to witness a slowdown during the next couple of years. However, rise in need for cooling fabrics in the healthcare industry, being an essential service, is expected to boost the growth of the global market during the forecast period.
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