Cooling FabricsRising Use of Cooling Fabrics in Sports Apparel and Protective Wearing Is A Key Factor Driving Market Revenue Growth
The globalCooling Fabrics Marketsize is expected to reach USD 3.59 Billion in 2028 and register a revenue CAGR of 6.6% over the forecast period, according to a latest report by Reports and Data. Market revenue growth is primarily driven by rising prevalence of chronic diseases and increasing health consciousness among consumers are factors resulting in rising number of individuals inclining towards sports fitness activities, and boosting use of cooling fabrics for manufacturing sportswear. Thus, rising use of cooling fabrics for manufacturing sports apparel and protective wearing is expected to drive market revenue growth in the years to come. Cooling fabrics can maintain a comfortable body temperature during physical activities and hot weather. Manufacturers involved in making apparel and clothing for fitness, endurance sports, and outdoor recreation are increasingly utilizing textiles that can regulate body temperature. These companies are aiming to enhance cloth breathability to let heat escape and quickly pull perspiration away from the body after intense activities. This is driving demand for cooling fabrics in the sportswear textile sector.
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Top Companies:Ahlstrom-Munksj, Polartec, LLC, NILIT LTD, Nan Ya Plastics Corporation, COOLCORE LLC, Tex-Ray Industrial Co. Ltd., Formosa Taffeta Co., Asahi Kasei Corporation, HexArmor, and Invista.
Some Key Highlights in the Report:
In June 2020, Magid, a leading manufacturer of Personal Protective Equipment (PPE) announced the launch of a new product line which is powered by MISSION, an instant cooling innovations company. This new line of product is developed to create an industrial heat safety protocol in order to minimize the number of heat-related illnesses on job sites and at workplaces. Magid Cool powered by the offering of MISSION includes cooling neck gaiters/face covers, cooling bandanas, cooling skull caps, and cooling towels. These products are designed to fight industrial heat illnesses in the workplace.
Knitted segment is expected to account for largest revenue share in the global cooling fabrics market over the forecast period. Knitted fabric have high wrinkle resistance, versatility, durability, elasticity, and softness. These cooling fabrics allow the body to breathe and are comfortable while wearing.
Synthetic segment is expected to register robust revenue growth rate over the forecast period. Unlike natural fabric, synthetic cooling fabrics are cost-effective, very durable, and have high strength. These properties are creating demand for synthetic fabrics for manufacturing sports apparel and protective wearing.
Sport apparel segment is expected to account for a considerably large revenue share in the global cooling fabrics market during the forecast period. Growing health consciousness and inclination towards outdoor sports fitness activities among consumers due to rising prevalence of chronic diseases is expected to drive demand for sports apparels manufactured using cooling fabrics.
The cooling fabrics market in North America is expected to account for largest revenue share over the forecast period. Increasing demand for sport apparels due to large population bases inclined towards sports fitness activities is expected to boost revenue growth of the market in the region.
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Market Segmentation:
Textile Type Outlook (Revenue, USD Billion; Volume, Million Square Meters, 2018-2028)
- Knitted
- Woven
- Nonwoven
Type Outlook (Revenue, USD Billion; Volume, Million Square Meters, 2018-2028)
- Synthetic
- Natural
Application Outlook (Revenue, USD Billion; Volume, Million Square Meters, 2018-2028)
- Lifestyle
- Sports Apparel
- Protective Wearing
- Others
Regional Outlook:
North America (U.S.A., Canada, Mexico)
Europe (Italy, U.K., Germany, France, Rest of Europe)
Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
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Key questions covered in the global Cooling Fabrics market report:
- What is the expected market size of the global Cooling Fabrics market during the forecast period?
- What factors are expected to hamper global Cooling Fabrics market growth over the forecast period?
- Which application segment is expected to dominate other application segments over the forecast period?
- Which region is expected to dominate in terms of revenue during the forecast period?
- What are the key outcomes of Porters Five Forces analysis and SWOT analysis?
- Which leading players are operating in the global Cooling Fabrics market?
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