Vancouver, British Columbia, Jan. 25, 2021 (GLOBE NEWSWIRE) -- The global cooling fabrics market was valued at USD 1.74 Billion in 2019 and is projected to reach value of USD 4.03 Billion by 2027, at a CAGR of 11.0% during the forecast period, according to a current analysis by Emergen Research. Growth in the adoption of sweat-absorbent fabrics along with the rise in popularity of synthetic fibers is anticipated to drive the cooling fabrics market during the forecast period.
Cooling fabrics enable circulation of air around the body and keep the body temperature low. These fabrics help regulate the body temperature by managing the level of heat and moisture caused by exercise, stress, or central heating. Implementation of cooling fabrics in the military as well as industrial sector is another factor driving the cooling fabrics market. Introduction of advanced cooling fabrics by market players is projected to propel the demand for cooling fabrics in the near future.
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Economic development, changes in the lifestyle of people in developing nations, and rise in sports culture are estimated to propel the market during the forecast period. Moreover, rising awareness about personal care is also boosting the market. However, high costs of cooling fabrics are expected to limit the adoption of these fabrics in the near future.
Key Highlights of Report
- In July 2020, Donghua University in China developed a new type of cooling fabrics made from different polymers. These fabrics can efficiently transfer heat and remove sweat while repelling water from the outside.
- The synthetic segment held a major share of the cooling fabrics market in the year 2019. Synthetic fabrics are easier to take care of and less expensive than natural cooling fabrics. Also, they can be engineered to obtain required qualities.
- The knitted segment held the largest share of the market in 2019. Higher elasticity of knitted fabrics as compared to woven fabrics and their rising usage in sports apparel are propelling the segment.
- Increase in inclination of people to maintain better health and rise in temperature of the earth are creating high demand for cooler garments in lifestyle application. The ability of these garment to reduce stress and heat is likely to propel the lifestyle application segment during the forecast period.
- The cooling fabrics market in Asia Pacific is expected to witness significant growth in the near future, due to increase in the disposable income of people in developing nations and high level of promotion by market players in the region
- Key market participants include Nike, Inc., Adidas AG, Nan Ya Plastics Corporation, Nilit Ltd., Tex-Ray Industrial Co., Ltd., Polartec LLC, Ahlstrom Corporation, Invista, Kraton Corporation, and Coolcore LLC
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For the purpose of this report, Emergen Research has segmented the global cooling fabrics market based on type, technology, textile type, application, and region:
- Type Outlook (Revenue, USD Million; 2017–2027)
- Natural
- Synthetic
- Technology Outlook (Revenue, USD Million; 2017–2027)
- Active Cooling Fabrics
- Air Cooled
- Liquid Cooled
- Passive Cooling Fabrics
- Phase Change Cooling
- Evaporation Cooling
- Active Cooling Fabrics
- Textile Type Outlook (Revenue, USD Million; 2017–2027)
- Woven
- Non-woven
- Knitted
- Application Outlook (Revenue, USD Million; 2017–2027)
- Sports Apparel
- Protective Wearing
- Lifestyle
- Others
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- Regional Outlook (Revenue, USD Million; 2017–2027)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- UAE
- Rest of MEA
- North America
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About Emergen Research
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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