IMARC Group's report titled "Cooling Fabrics Market Report by Type (Synthetic, Natural), Application (Sports Apparel, Protective Wear, Lifestyle, and Others), and Region 2024-2032". The global cooling fabrics market size reached US$ 2.6 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 5.0 Billion by 2032, exhibiting a growth rate (CAGR) of 7.2% during 2024-2032.
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Factors Affecting the Growth of the Cooling Fabrics Industry:
- Rising Demand for Active Lifestyle Apparel:
The growth of the cooling fabrics industry is primarily driven by the increasing demand for active lifestyle apparel. As more individuals engage in outdoor activities and exercise routines, especially in regions with hot climates, there has been a rise in the need for clothing that offers effective moisture management and temperature regulation. Cooling fabrics are designed to excel in these conditions, wicking away sweat and dissipating excess heat, making them a preferred choice for sportswear, athleisure, and outdoor gear. The industry significantly benefits from this trend as consumers seek comfort and performance in their clothing, driving the adoption of cooling fabrics in various market segments.
- Climate Change and Extreme Heat:
Climate change-induced heatwaves represent another major driver for the cooling fabrics industry's growth. With rising global temperatures and the occurrence of more frequent and intense heat waves, there is a rise in the risk of heat-related illnesses. Cooling fabrics provide a solution by leveraging advanced materials and designs to enhance the body's natural cooling mechanisms. They wick away moisture and facilitate heat dissipation, keeping individuals comfortable and safe in extreme heat. Consequently, the increasing concerns for heat-related health issues and the escalating demand for effective cooling solutions across diverse sectors have accelerated the adoption of cooling fabrics.
- Ongoing Technological Advancements and Innovation:
Ongoing technological advancements and innovation drive the evolution of cooling fabrics. Researchers and manufacturers are dedicated to improving these textiles' cooling properties, durability, and sustainability. Innovations may include the integration of phase-change materials, nanotechnology, or moisture-activated cooling mechanisms. These innovations enhance the cooling performance of fabrics and open up new applications and markets beyond traditional sportswear. The rapid advancements in technologies contribute to the growth of the cooling fabrics industry and enable it to provide cutting-edge solutions to address the challenges of thermal comfort, attracting businesses and consumers looking for advanced cooling solutions.
Our report provides a deep dive into the cooling fabrics market analysis, outlining the current trends, underlying market demand, and growth trajectories.
Leading Companies Operating in the Global Cooling Fabrics Industry:
- Adidas AG
- Ahlstrom-Munksjö Oyj
- Asahi Kasei Corporation
- Coolcore LLC
- Formosa Taffeta Co. Ltd.
- HexArmor
- Nan Ya Plastics Corporation
- Nike Inc.
- Nilit Ltd.
- Polartec LLC (Milliken & Company)
- Tex-Ray Industrial Co. Ltd.
Cooling Fabrics Market Report Segmentation:
By Type:
- Synthetic
- Natural
Synthetic represented the leading segment due to its superior moisture-wicking and cooling properties, making it a preferred choice for thermal regulation.
By Application:
- Sports Apparel
- Protective Wear
- Lifestyle
- Others
Sports apparel represented the largest segment owing to the escalating need for effective temperature control and moisture management in athletic and outdoor clothing.
Regional Insights:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
North America's dominance in the cooling fabrics market is attributed to the region’s robust sports and outdoor industry, coupled with the growing prevalence of hot and humid climates.
Global Cooling Fabrics Market Trends:
The rising awareness of the importance of thermal comfort in various industries, including sports, healthcare, and the military, has augmented the demand for cooling fabrics, thereby catalyzing market growth. These textiles offer effective moisture-wicking and temperature regulation, enhancing comfort in hot and humid conditions. Apart from this, climate change-induced heat waves and the increasing prevalence of extreme weather events have escalated the need for textiles that provide relief from high temperatures. Cooling fabrics, with their ability to facilitate heat dissipation and sweat management, address this concern, which is accelerating product adoption rates. Furthermore, ongoing research and development (R&D) efforts have led to technological advancements in cooling fabric materials and designs that enhance performance and durability, thus contributing to market growth.
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IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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