PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1477178
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1477178
Cooling Fabrics Market size was valued at USD 2,388.2 Million in 2023, expanding at a CAGR of 7.6% from 2024 to 2032.
The cooling fabrics market encompasses textiles engineered to regulate body temperature and enhance comfort in various applications. These fabrics often incorporate moisture-wicking properties and advanced cooling technologies to provide relief from heat stress. There's a growing demand for cooling fabrics in athletic and sportswear segments, driven by increasing awareness of the importance of temperature regulation during physical activities. However, restraints in this market include high production costs and limited consumer awareness about the benefits of cooling fabrics, hindering widespread adoption. Despite these challenges, opportunities abound in the expansion of product offerings to cater to diverse end-user industries such as healthcare, military, and outdoor recreation.
Cooling Fabrics Market- Market Dynamics
Rising preference for comfortable attire propels growth in the cooling fabrics market
The increasing preference for comfortable attire is a key driver propelling growth in the cooling fabrics market. As individuals prioritize comfort in their clothing choices, the demand for fabrics that regulate body temperature and enhance breathability has surged. A study by Euromonitor International indicates a growing awareness among consumers about the benefits of cooling fabrics, particularly in regions with hot and humid climates. As a result, manufacturers are increasingly investing in research and development to innovate new cooling technologies and meet the evolving demands of the market.
Cooling Fabrics Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 7.6% over the forecast period (2024-2032)
Based on Type segmentation, synthetic fibers were predicted to show maximum market share in the year 2023
Based on Textile Type segmentation, the knitted segment was the leading type in 2023
Based on Technology segmentation, polymer coatings were the leading type in 2023
Based on region, North America was the leading revenue generator in 2023
The Global Cooling Fabrics Market is segmented based on Type, Textile Type, Technology, Application, and Region.
The market is divided into three categories based on Type: Cooling fabrics derived from natural sources such as cotton, bamboo, or linen. These fabrics offer breathability and moisture-wicking properties, making them ideal for warm weather conditions. Cooling fabrics are engineered from synthetic materials like polyester, nylon, or spandex. They often incorporate advanced cooling technologies to enhance comfort and temperature regulation during physical activities.
The market is divided into two categories based on Textile Type: Cooling fabrics produced through weaving techniques offer durability, stability, and a wide range of design options. Nonwoven cooling fabrics are lightweight, breathable, and often used in disposable products such as medical garments, wipes, and filtration materials. Knitted cooling fabrics offer comfort, freedom of movement, and moisture management properties, making them popular in activewear, loungewear, and undergarments.
Cooling Fabrics Market- Geographical Insights
Geographically, this market is widespread in the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further divided as per the nations bringing business.
North America holds a prominent position in the market, driven by a robust demand for cooling textiles in sportswear and athleisure segments. Europe follows closely, with countries including Germany and the UK leading in innovation and adoption of sustainable cooling solutions. Meanwhile, the Asia-Pacific region is poised for significant growth, fueled by rising disposable incomes, increasing health and wellness awareness, and a burgeoning outdoor recreation market. Latin America and the Middle East & Africa regions also show potential for market expansion, supported by a growing emphasis on fitness and lifestyle activities.
In the competitive landscape of the cooling fabrics market, several key players vie for market share through strategies such as product innovation, mergers and acquisitions, and geographical expansion. Companies like Coolcore LLC, Nanotex LLC, and Ahlstrom-Munksjo Oyj are among the leading providers of cooling fabric solutions, offering a wide range of products tailored to different end-user industries. These players focus on research and development to introduce advanced cooling technologies and enhance the performance of their fabrics. Additionally, partnerships with textile manufacturers, retailers, and end-users help strengthen their market presence and distribution networks.
In April 2022, Columbia Sportswear Company announced the expansion of its operations at the distribution center located in Robards, Kentucky (US). The company has invested approx. USD 4 million into upgrading the facility.
GLOBAL COOLING FABRICS MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHTS
Ahlstrom Oyj
Ahlstrom-Munksjo
Asahi Kasei Corporation
Coolcore LLC
Formose Taffeta Co. Ltd.
HexArmor
Hong Li Textile Co., Ltd.
Invista
Nan Ya Plastics Corporation
Nanostitch
Nanotex LLC
NILIT Ltd.
Polartec
Spoerry 1866 AG
Sun Dream Enterprise Co., Ltd.
Tex-Ray Industrial Co. Ltd.
Ventex, Inc.
Others