Market Synopsis
According to the MRFR analysis, the Global Cooling Fabrics
Market Trends Industry size was valued at around USD 2
Billion in 2019 and is expected to reach around USD 3.5 Billion by 2027 at a
CAGR of around 9%.
Cooling fabrics are functional fabrics with thermoregulating
characteristics that maintain body temperature during hot weather and physical
activities. The growing demand for sports apparel and protective wearing,
rising disposable income, consumer awareness about the benefits of functional
fabrics, and an increase in R&D investments propel the growth of the global
Cooling Fabrics Market Trends Industry. Moreover, rising demand for cooling
fabrics in healthcare and marine applications is likely to bring lucrative
growth opportunities for the global market. Furthermore, with the outbreak of
COVID-19, various countries have undergone preventive measures, which led to a
lockdown of factories and disruptions in trade. Therefore, the demand for
global cooling fabrics is expected to decrease during 2020.
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Competitive Landscape
Global Cooling Fabrics Market Trends
Industry is highly consolidated with the presence of global, regional,
and local players. Manufacturers focus on the R&D of new technologies to
maintain a high quality of their products and the innovation of new products to
maintain a strong position in the market. Producers are increasingly focusing
on a strategic alliance with stakeholders to gain maximum market share in the global
market. Furthermore, researchers are increasingly focused on developing fabric
with automatic cooling or insulating properties as per the conditions. For
instance, the University of Maryland researchers have developed such fabric
with high-tech thermal properties.
Segmentation
By Type
- This
segment is further divided into natural and synthetic.
- The
natural segment is projected to be the fastest-growing segment during the
assessment period. This is due to rising inclinations towards
biodegradable, breathable, and natural fabrics. This includes fabrics that
include cotton, silk, etc.
- The
synthetic segment holds the largest market share in the global Cooling
Fabrics Market Trends Industry. They offer outstanding
physical properties such as endurance, high strength, and stretchability.
Furthermore, they give a wide scope for innovation.
By Textile Type
- This
segment is further divided into woven, non-woven, and knitted.
- The
woven segment is projected to witness moderate growth in the coming
decade. Woven fabrics are generally used in protective wearing and have
high dimensional stability and strength.
- The
non-woven segment is projected to witness notable growth during the
assessment period. This is attributed to its low cost and demand in lining
fabrics.
- The knitted
segment holds the major the share of the global market due to the high
stretch properties, fitting, and breathability. Furthermore, this is the
fastest-growing segment owing to an increase in R&D investments in
knitted cooling fabrics.
By Application
- This
segment is further segmented into sports apparel, lifestyle, protective
wearing, and others.
- Sports
apparel holds the largest share of the global Cooling
Fabrics Market Trends Industry owing to the
growing demand for functional fabrics in sports and activewear. Many
researchers are focusing on developing high-tech cooling fabrics for
Olympics players and marathon runners.
- The
lifestyle segment is expected to witness moderate growth in the assessment
period due to rising disposable income and increasing awareness among
end-users about the benefits of cooling fabrics.
- Protective
wearing is expected to witness the fastest growth in the global Cooling
Fabrics Market Trends Industry owing to the rising investments
in the biotechnology and pharmaceutical industries globally.
- The
others segment is projected to witness the fastest growth in the global
market. This segment includes applications such as marine, health apparel,
and other leisure-related activities.
By Region
- North
America: Market growth is driven by the presence of advanced technologies,
growing demand for sports apparel and protective wearing, and large-scale
end-users.
- Europe:
Growing demand for comfortable clothing, an increase in the number of
sports events, and the presence of global producers in Europe are driving
the market in the region.
- Asia-Pacific:
It is the fastest-growing regional market due to the large textile
industry and escalating economies.
- Latin
America: High temperature and rising awareness among consumers about the
benefits of cooling fabrics are driving the regional market.
- Middle
East & Africa: Demand for sports apparel and protective wear and
growing economies are the key factors driving the market in the region.
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