Cooling Fabrics Market Size, Share, Growth, Analysis and Forecast to 2027

 

Market Synopsis

According to the MRFR analysis, the Global Cooling Fabrics Market 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. 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 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. 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 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 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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