Global Cooling Fabrics Market

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 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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FAQs

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 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. '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)'

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.

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.

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.

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Global Cooling Fabrics Market

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