PUBLISHER: 360iResearch | PRODUCT CODE: 1470508
PUBLISHER: 360iResearch | PRODUCT CODE: 1470508
[183 Pages Report] The Cooling Fabrics Market size was estimated at USD 2.60 billion in 2023 and expected to reach USD 2.78 billion in 2024, at a CAGR 7.04% to reach USD 4.19 billion by 2030.
Cooling fabrics are innovative textile materials designed to regulate the body temperature by absorbing, storing, and releasing heat. These textiles are engineered with advanced fibers or chemical treatments that provide a cooling sensation, moisture-wicking capabilities, and enhanced breathability. An increased focus on health-conscious lifestyles and the importance of personal comfort is driving the demand for cooling fabrics in the sportswear and outdoor apparel industries. In addition to consumer lifestyle shifts, growing concerns over industrial safety have generated opportunities for incorporating cooling fabrics into protective clothing. However, the high cost of producing advanced fabrics may limit market penetration by smaller manufacturers, which lack the financial resources required for research & development (R&D) investments. In addition, manufacturers focus on sustainable production processes and incorporating biodegradable or recycled fibers can appeal to environmentally conscious consumers while adhering to stricter regulations.
KEY MARKET STATISTICS | |
---|---|
Base Year [2023] | USD 2.60 billion |
Estimated Year [2024] | USD 2.78 billion |
Forecast Year [2030] | USD 4.19 billion |
CAGR (%) | 7.04% |
Type: Growing usage of natural cooling fabrics due to their excellent properties
Natural cooling fabrics are derived from organic sources such as plants and animals, which typically offer excellent breathability, moisture-wicking properties, and inherent temperature regulation abilities. Synthetic cooling fabrics are artificial materials for advanced temperature regulation and moisture management. These fabrics are often more durable, quick-drying, and stain-resistant than their natural counterparts.
Textile: Emergence of knitted and nonwoven cooling fabrics in the athletic and activewear sector
Knitted cooling fabrics use a looped structure, providing flexibility and comfort compared to other textile types. The elasticity of knitted fabrics allows for a better fit and freedom of movement, making them popular in athletic and activewear sectors. Nonwoven cooling fabrics are created through bonding or interlocking fibers without knitting or weaving. This results in lightweight and breathable materials with excellent moisture management properties, ideal for medical applications. Interlacing yarns produce woven cooling fabrics at right angles to create a durable and flexible material for bedding products, outdoor furniture coverings, and apparel, including shirts or dresses.
Distribution Channel: Rapid sales of cooling fabric through online distribution channels
Cooling fabric manufacturers have the opportunity to expand their reach through online distribution channels with the rapid growth of eCommerce platforms and digital technologies. This includes selling products directly through company-owned websites or partnering with popular eCommerce platforms such as Amazon, Alibaba, and eBay. Cooling fabric manufacturers leverage multiple offline channels to maximize their market presence. Manufacturers are partnering with brick-and-mortar retailers such as department stores, clothing chains, or specialized sportswear outlets, allowing customers to touch the product before purchasing.
End-Use Industry: Increasing adoption of cooling fabrics in sportswear and medical sector
In the athletic and sportswear industry, cooling fabrics are essential in ensuring optimal performance by athletes. These high-performance textiles have moisture-wicking properties that help dissipate sweat from the body while providing efficient heat dissipation. Cooling fabrics have extensive applications in the medical sector due to their ability to regulate body temperature and comfort patients suffering from various conditions. Cooling fabrics enhance soldiers' endurance during strenuous activities by efficiently regulating body temperature and reducing heat-related stress. Cooling fabrics are increasingly adopted in the fashion and lifestyle sectors because they provide enhanced comfort without compromising aesthetics.
Regional Insights
In the Americas, the demand for cooling fabrics is increasing due to their extensive adoption in sportswear and military applications. Consumers in the United States and Canada have a higher disposable income, enabling them to invest in new technologies that improve comfort during sports or other outdoor pursuits. The Asia Pacific countries, including China, Japan, and India, collectively demonstrate substantial potential for growth in cooling fabrics. The European Union showcases a strong interest in cooling fabrics, with numerous local and regional players engaging in research and development efforts. The EU's focus on sustainability drives innovation in eco-friendly cooling fabric technologies. Sweltering heat conditions in the Middle East and Africa contribute significantly to the growing need for cooling fabrics.
FPNV Positioning Matrix
The FPNV Positioning Matrix is pivotal in evaluating the Cooling Fabrics Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Cooling Fabrics Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Key Company Profiles
The report delves into recent significant developments in the Cooling Fabrics Market, highlighting leading vendors and their innovative profiles. These include Adidas AG, Ahlstrom-Munksjo Oyj, Asahi Kasei Corporation, BRRR, Columbia Sportswear Company, Coolcore, Everest Textile Co., Formosa Taffeta Co., Ltd., HeiQ Materials AG, HexArmor by Uvex Safety Group GmbH & Co., Invista, Libolon, Marcel Liebaert NV, Nan Ya Plastics Corporation, Nanotex LLC by Crypton, Inc., Nike Inc., Nilit Ltd., Patagonia, Inc., Polartec, LLC by Milliken & Company, TexRay Industrial Co., Ltd., The LYCRA Company LLC, and Thermore (Far East) Ltd..
Market Segmentation & Coverage
1. Market Penetration: It presents comprehensive information on the market provided by key players.
2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
1. What is the market size and forecast of the Cooling Fabrics Market?
2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Cooling Fabrics Market?
3. What are the technology trends and regulatory frameworks in the Cooling Fabrics Market?
4. What is the market share of the leading vendors in the Cooling Fabrics Market?
5. Which modes and strategic moves are suitable for entering the Cooling Fabrics Market?