Cooling Fabrics Market
Growth Factors of Cooling Fabrics Market
The cooling fabrics market size was valued at USD 2.10 billion in 2023, and the market is now projected to grow from USD 2.21 billion in 2024 to USD 3.25 billion by 2032, exhibiting a CAGR of 4.9% during the forecast period of 2023-2030.
Supply chain disruption has hindered the supply and demand drastically. A number of companies were bound to halt their operations to reduce the contact of the individual and consequently, lessen the virus. The logistics system’s low activity has restricted the delivery of raw material. Only indispensable activities and products were exempted from the regulations that have decreased demand for the fabrics from various sectors. Several sports events were postponed and canceled that have influenced the demand for such fabrics and hindered the market expansion. Hence, the COVID-19 pandemic obstructed the cooling fabrics market growth.
Growing demand for the products from makers of sportswear is increasing the cooling fabrics market share globally. The escalating need for the product from the sportswear business because it acts as an intelligent and smart fabric. The demand for the heat-regulating material is growing since it provides dryness to the athlete. It protects the individual’s body from heat stress and keeps the body cool by maintaining a range of attributes including moisture, heat, and perspiration. The growing familiarity among consumers about health and the increasing number of physical gaming events worldwide is propelling the market growth.
The increasing adoption of the product for medical and defense applications is a promising trend in the market. Medical and defense personnel are exposed to several work hazards including excessive heat. The working efficiency of the person is hampered due to the high heat stress, which increases the probability of causing accidents and mishaps. The defense sector is increasingly accepting cooling fabrics owing to their properties, such as protection from excess heat, resistance to ultraviolet rays, and temperature regulation. The cooling effect offered by the fabric is supporting the performance of the user.
Comprehensive Analysis of Cooling Fabrics Market
The cooling fabrics market and chemicals & advanced materials industry is rising at an exponential rate due to its market segmentation. This market growth effectively provides a detailed regional assessment considering the dominant supply and demand forces that impact the glass ceramics & fibers industry. These segmentations are methodically divided by type of type and application. The type includes natural and synthetic. The application is such as sports apparel, lifestyle, protective wear, and others.
The North American region is conducive to the global cooling fabrics market, leading to a recall of USD 0.84 billion because of the integration of advanced technologies in the region. The presence of major end-users and the growing demand for coolants for defense purposes are fueling the market growth.
The top players in the market play a crucial role in the glass ceramics & fibers industry assuring industrial prospectus growth and setting market standards. These players include Coolcore LLC (U.S.), Ahlstrom-Munksjö (Finland), Asahi Kasei Advanced Corporation (Japan), Formosa Taffeta Co. Ltd. (Taiwan), Tex-Ray Industrial Co. Ltd. (Taiwan), Nan Ya Plastics Corporation (Taiwan), Polartec (U.S.), NILIT Ltd. (Israel), Hexarmor (U.S.), Nanostitch (Belgium), Other Players, these market players provide a level-playing competitive landscape.
In January 2023, NILIT introduced a version of its SENSIL EcoCare recycled nylon 6.6 that is now made entirely from the U.S. This sourced material is manufactured at the company's North American facility in Martinsville, VA.
Segmentation Table
Global Cooling Fabrics Market Scope
ATTRIBUTE DETAILS
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Unit Value (USD Billion)
Growth Rate CAGR of 4.9% from 2024 to 2032
Segmentation By Type
- Synthetic
- Natural
By Application
- Sports Apparel
- Lifestyle
- Protective Wear
- Others
By Geography
- North America (By Type, By Application, By Country)
- The U.S. (By Type)
- Canada (By Type)
- Europe (By Type, By Application, By Country)
- Germany (By Type)
- France (By Type)
- UK (By Type)
- Italy (By Type)
- Rest of Europe (By Type)
- Asia Pacific (By Type, By Application, By Country)
- China (By Type)
- Japan (By Type)
- India (By Type)
- Rest of Asia Pacific (By Type)
- Latin America (By Type, By Application, By Country)
- Brazil (By Type)
- Mexico (By Type)
- Rest of Latin America (By Type)
- The Middle East & Africa (By Type, By Application, By Country)
- GCC (By Type)
- Rest of the Middle East & Africa (By Type)
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