USD 2.11 billion
Global Cooling Fabrics Market Size, Share, Growth Analysis, By Type(Synthetic, and Natural), By Application(Sports Apparel, Protective Wear) - Industry Forecast 2024-2031
Report ID:
SQMIG25K2081 |
Region:
Global |
Published Date: March, 2024
Pages:
223
|
Tables:
63 |
Figures:
75
Global Cooling Fabrics Market Insights
Global Cooling Fabrics Market size was valued at USD 2.11 billion in 2022 and is poised to grow from USD 2.34 Billion in 2023 to USD 5.44 Billion by 2031, at a CAGR of 11.1% during the forecast period (2024-2031).
The driving factors behind the growth of the cooling fabrics market is the increasing awareness and preference for high-performance and technologically advanced textiles among consumers. The rising participation in sports and outdoor activities, coupled with the growing demand for athleisure wear, has significantly boosted the demand for cooling fabrics. The cooling fabrics market presents significant opportunities for growth. The increasing focus on sustainable and eco-friendly textiles has opened avenues for the development of cooling fabrics made from recycled materials or those with reduced environmental impact. The global cooling fabrics market serves the purpose of providing technologically advanced and comfortable textiles to various industries. It is driven by factors such as increasing consumer demand, particularly in the sports and outdoor sectors. However, high production costs, research and development requirements, and regulatory challenges pose restraints to market growth. Nevertheless, the market presents opportunities in terms of sustainability and accessibility through the development of eco-friendly fabrics and the rise of e-commerce platforms.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Synthetic
Fastest Growth
Natural
Growth Rate
11.1% CAGR
Global Cooling Fabrics Market($ Bn)
Country Share for North America Region (%)
Global Cooling fabrics Market Size By Type ($ Bn)
Global Cooling Fabrics Market Size By Type (%)
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Global Cooling Fabrics Market Segmental Analysis
The global cooling fabrics market is segmented on the basis of type, application, and region. In terms of type, the market is segmented into synthetic, natural. With respect to categorization by application, the market is segmented into sports apparel, protective wear, lifestyle, and others. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Cooling Fabrics Market Analysis by Type
The synthetic fabrics segment held the largest share in the global cooling fabrics market and is expected to experience the highest growth rate in the next eight years. Synthetic fabrics, such as polyester, nylon, rayon, and spandex, are examples of materials commonly used in the production of cooling fabrics. These synthetic fabrics not only provide breathability but also allow for proper ventilation. The availability of raw materials for manufacturing synthetic cooling fabrics is another crucial factor driving the growth of this segment. In recent years, there has been an increased preference for polyester and nylon in the production of cooling garments due to their lightweight nature, smooth texture, and resistance to perspiration and UV rays. This can be attributed to the superior strength and performance of synthetic fabrics, making them suitable for a wide range of applications, including sportswear and medical garments.
Natural cooling fabrics, which include materials like cotton and linen, were valued at USD 364.1 million in 2022. These fabrics are expected to witness significant demand in the forecast period due to their properties such as high breathability and biodegradability. Natural fabrics inherently possess ventilation properties, but they are generally more expensive and less durable compared to their synthetic counterparts. Although the natural segment had a relatively smaller market share in 2016, the growing environmental concerns are expected to drive an increase in demand for these fabrics.
Cooling Fabrics Market Analysis by Application
The sports apparel segment holds the largest share in the global cooling fabrics market, primarily due to the growing adoption of these garments to mitigate perspiration during fitness activities. The temperature regulation and moisture-wicking properties inherent in these wearables make them highly valuable for athletes and individuals engaging in physical activities. As a result, the sports segment is expected to exhibit the highest growth rate throughout the forecast period. The use of cooling fabrics in military, healthcare, and industrial applications is increasing, leading to a transformation in the market. Cooling garments have the ability to reduce heat stress caused by excessive exposure, making them valuable for protective wear, particularly in industrial settings. Additionally, these fabrics find applications in other sectors such as lifestyle, automotive, and fashion, further driving market demand.
The adoption of cooling fabrics in military applications provides soldiers with enhanced comfort and protection in challenging environments. In the healthcare sector, cooling fabrics are utilized in medical garments and bedding to improve patient comfort and manage body temperature. Industrial applications involve the use of cooling fabrics in protective clothing to safeguard workers from extreme heat conditions. The utilization of cooling fabrics in lifestyle, automotive, and fashion sectors adds to the market growth. These fabrics are incorporated into everyday clothing, automotive seats, and fashion accessories to provide comfort and a cooling effect, enhancing the overall user experience.
Global Cooling fabrics Market Size By Type (%), 2023 (%)
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Global Cooling Fabrics Market Regional Insights
North America holds a significant share in the global cooling fabrics market. The region's dominance can be attributed to factors such as a high level of consumer awareness regarding the benefits of cooling fabrics, the presence of key market players, and the growing demand for advanced textiles in sports and outdoor activities. The United States, in particular, is a major contributor to the market due to its robust sports industry and technological advancements in textile manufacturing.
The Asia Pacific region is expected to witness the fastest growth in the cooling fabrics market. Factors such as the expanding population, rising disposable income, and growing awareness about fitness and sports activities are fueling the demand for cooling fabrics in the region. Additionally, the presence of a large textile manufacturing industry in countries like China and India contributes to the market growth.
Global Cooling Fabrics Market Size By Region, 2024-2031
- Largest
- Fastest
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Global Cooling Fabrics Market Dynamics
Cooling Fabrics Market Drivers
Increasing Demand for Active and Outdoor Apparel
- The growing popularity of sports, fitness activities, and outdoor adventures has fueled the demand for cooling fabrics. In 2022, there was a surge in the adoption of cooling fabrics in activewear and outdoor apparel. For example, major sportswear brands introduced innovative cooling fabric technologies in their product lines to enhance comfort and performance. The demand for cooling fabrics in these segments is driven by the desire for moisture management, breathability, and temperature regulation during physical activities.
Rising Awareness of Health and Wellness
- The global focus on health and wellness has boosted the demand for cooling fabrics in various applications. Consumers are becoming increasingly conscious of the importance of comfort and performance in their clothing, leading to the adoption of cooling fabrics in everyday wear and sleepwear. In 2022, there was an uptick in the use of cooling fabrics in casual clothing, loungewear, and bedding, driven by the desire for enhanced comfort and better sleep quality.
Cooling Fabrics Market Restraints
High Manufacturing Costs
- The cooling fabrics market is the relatively high manufacturing costs associated with advanced fabric technologies and materials. Developing and producing cooling fabrics with desired properties such as moisture-wicking, breathability, and durability can be costly, limiting their adoption, especially in price-sensitive markets.
Limited Awareness and Accessibility
- The growing demand for cooling fabrics, there is still a lack of awareness among some consumer segments about the benefits and availability of these fabrics. Limited accessibility to cooling fabrics, particularly in certain geographical regions or retail channels, can also hinder market growth. Efforts to increase awareness and improve distribution networks are essential to overcome these restraints.
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Global Cooling Fabrics Market Competitive Landscape
The global cooling fabrics market is highly competitive in nature, with key players such as Coolcore LLC, Polartec LLC, Nan Ya Plastics Corporation, and Ahlstrom-Munksjö leading the market. These companies focus on product innovation, research and development, strategic partnerships, and mergers and acquisitions to stay ahead in the market. The emphasis on developing advanced cooling technologies, expanding product portfolios, and catering to diverse application requirements drives the competitive landscape of the cooling fabrics market. companies focus on product innovation, research and development, strategic partnerships, and mergers and acquisitions to strengthen their market position.
Cooling Fabrics Market Top Player’s Company Profiles
- Coolcore LLC (US)
- Polartec LLC (US)
- Nan Ya Plastics Corporation (Taiwan)
- Ahlstrom-Munksjö (Finland)
- Columbia Sportswear Company (US)
- Under Armour, Inc. (US)
- Adidas AG (Germany)
- Nike, Inc. (US)
- New Balance Athletics, Inc. (US)
- Asics Corporation (Japan)
- Toray Industries, Inc. (Japan)
- Helly Hansen AS (Norway)
- Decathlon Group (France)
- Mizuno Corporation (Japan)
- The North Face, Inc. (US)
- Puma SE (Germany)
- Skechers USA, Inc. (US)
- Russell Brands, LLC (US)
- Patagonia, Inc. (US)
- Berghaus Limited (UK)
Cooling Fabrics Market Recent Developments
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In February 2024, Elista unveiled its debut in the rapidly expanding air conditioner market. Their range includes 'Made in India' 4-in-1 convertible air conditioners, highlighting both inverter and fixed-speed models. This lineup emphasizes a combination of innovation and technology, aiming to redefine indoor cooling standards.
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In March 2024, Microsoft and Shell announced a strategic alliance to accelerate the energy sector's transformation. Their collaboration seeks to support the progress towards a net-zero emissions future and provide customers with innovative solutions for help in their own energy transition and carbon reduction efforts.
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In March 2024, Gates, a manufacturer of power transmission and fluid power solutions, announced its collaboration in the data center cooling market with CoolIT Systems.
Global Cooling Fabrics Key Market Trends
- Sustainable Cooling Fabrics: A prominent trend in the cooling fabrics market is the increasing focus on sustainability. In 2022, there was a rise in the development and adoption of cooling fabrics made from recycled materials or utilizing environmentally friendly manufacturing processes. This trend aligns with the growing consumer demand for eco-friendly and sustainable products across various industries, including textiles.
- Integration of Smart Technologies: In 2022, advancements in wearable technology led to the introduction of cooling fabrics embedded with sensors or cooling mechanisms controlled by mobile applications. These smart cooling fabrics offer personalized cooling experiences and enhance the functionality and performance of the garments. This trend is driven by the growing demand for innovative and technologically advanced textiles.
Global Cooling Fabrics Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global cooling fabrics market analysis, the increasing demand for sportswear and outdoor apparel has propelled the demand for cooling fabrics. This is further, driven by a growing interest in fitness and active lifestyles, has contributed to the market's expansion. People engaging in physical activities require clothing that can effectively manage moisture and provide ventilation to prevent discomfort caused by excessive sweating and heat build-up. The market analysis also reveals that the use of cooling fabrics extends beyond the sportswear and apparel industry. Cooling fabrics are increasingly being employed in sectors such as military, healthcare, and industrial applications. In industrial settings, cooling garments help mitigate heat stress and provide protection to workers exposed to high temperatures. The global cooling fabrics market has experienced significant growth due to the increasing demand for sportswear, the emphasis on health and wellness, and the expansion into various applications. The market analysis highlights the challenges of manufacturing costs and limited awareness, as well as the opportunities arising from sustainability and smart technology integration.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 2.11 billion |
| Market size value in 2031 | USD 5.44 Billion |
| Growth Rate | 11.1% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Cooling Fabrics Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Cooling Fabrics Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Cooling Fabrics Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Cooling Fabrics Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Cooling Fabrics Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Cooling Fabrics Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Cooling Fabrics Market Report Snapshots
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