PUBLISHER: The Business Research Company | PRODUCT CODE: 1391132
PUBLISHER: The Business Research Company | PRODUCT CODE: 1391132
“Cooling Fabrics Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on cooling fabrics market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for cooling fabrics? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The cooling fabrics market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Cooling fabrics are designed to quickly respond to body heat and interact with body temperature, helping to maintain a reasonable body temperature during hot weather and physical activity. These fabrics are specifically engineered to provide a cooling effect for the wearer.
The main types of cooling fabrics include synthetic cooling fabrics and natural cooling fabrics. Synthetic cooling fabrics are crafted using synthetic fibers such as polyester, spandex, and nylon. These fabrics are often preferred for outdoor sports activities due to their superior evaporative characteristics, which aid in regulating the wearer's body temperature. On the other hand, natural cooling fabrics are made from natural fibers like cotton, chambray, and linen, allowing for airflow and circulation within the fabric. Various textile types, including woven, nonwoven, knitted, and others, contribute to the diverse range of cooling fabrics. These fabrics find applications in different areas, including sports apparel, lifestyle products, protective wear, and more. The versatility of cooling fabrics makes them suitable for various contexts where temperature regulation is essential.
The cooling fabrics market research report is one of a series of new reports from The Business Research Company that provides cooling fabrics market statistics, including cooling fabrics industry global market size, regional shares, competitors with a cooling fabrics market share, detailed cooling fabrics market segments, market trends, and opportunities, and any further data you may need to thrive in the cooling fabrics industry. This cooling fabrics market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The cooling fabrics market size has grown rapidly in recent years. It will grow from $2.99 billion in 2023 to $3.29 billion in 2024 at a compound annual growth rate (CAGR) of 10.3%. The growth observed in the historical period in the cooling fabrics market can be attributed to various factors, including increased participation in sports and outdoor activities, a heightened focus on health and comfort needs, growing emphasis on environmental sustainability, regulatory compliance, and increased investment in research and development. These factors collectively contributed to the expansion and development of the cooling fabrics market during that time, reflecting the evolving consumer preferences, industry standards, and technological advancements.
The cooling fabrics market size is expected to see rapid growth in the next few years. It will grow to $4.98 billion in 2028 at a compound annual growth rate (CAGR) of 10.9%. The anticipated growth in the forecast period in the cooling fabrics market can be attributed to various factors, including an increasing focus on apparel and fashion trends, the impact of urbanization and heat islands, efforts toward climate change adaptation, a rising utilization of cooling fabrics in medical and healthcare applications, and the growth of e-commerce and online retail. Major trends expected during this period include the prominence of sustainable and eco-friendly fabrics, ongoing developments in apparel and fashion trends, innovative research and development initiatives, advancements in technology, and the integration of cutting-edge solutions in the cooling fabrics industry. These trends collectively indicate a dynamic and evolving landscape, reflecting the intersection of fashion, technology, and sustainability in the market.
The anticipated growth in the demand for sports apparel is expected to be a driving force behind the expansion of the cooling fabrics market in the upcoming years. Sports apparel, designed for strenuous athletic activities such as workouts or sports engagement, often incorporates cooling fabrics to help athletes stay dry on the field. This feature enhances wearer comfort, enabling athletes to perform better in sporting events. The global sports apparel industry is forecasted to witness an increase in revenue from $181 billion in 2019 to $208 billion by 2025, underscoring the growing demand for sports-related clothing. Consequently, the rising demand for sports apparel emerges as a key driver propelling the growth of the cooling fabrics market.
The surge in air passenger travel is poised to contribute to the growth of the cooling fabrics market in the foreseeable future. Air passenger travel involves individuals boarding airplanes to travel between different locations. Cooling fabrics play a crucial role in enhancing passenger comfort during air travel, particularly on long-haul flights or in warm cabin conditions. According to the Civil Aviation Authority in March 2023, the number of passengers traveling to and from UK airports exceeded 224 million in 2022, indicating a substantial increase in air passenger travel. This surge in air travel is a significant factor driving the growth of the cooling fabrics market.
Major players in the cooling fabrics industry are actively engaged in the development of technologically advanced solutions. For instance, in January 2022, HeiQ, a UK-based chemicals company, introduced HeiQ Cool, a unique textile technology providing both instant contact and continuous evaporative cooling. This fabric utilizes a biobased thermo-functional polymer to capture heat, delivering an immediate cool feeling by absorbing melting energy. The dual cooling mechanism regulates skin temperature, offering prolonged comfort by replicating the natural cooling process of the skin. This focus on technological innovation underscores the commitment of major firms to advancing cooling fabrics and enhancing their performance in various applications.
Leading companies in the cooling fabrics industry are directing their efforts toward the development of innovative energy-free cooling membrane materials to meet the growing demand for sustainable and energy-efficient cooling solutions. Energy-free cooling membrane materials refer to materials capable of passively cooling surfaces or objects without the need for external energy sources. In January 2023, SPACECOOL Inc., a Japan-based company specializing in durable and supple film shapes, collaborated with Kanbo Pras Corporation, a Japan-based industrial fabric manufacturer, to introduce a new membrane material crafted from the radiative cooling substance SPACECOOL. This material offers cooling benefits without consuming external energy. The innovative product includes versions bonded to canvas fabric and two other versions attached to tarpaulin fabric.
In October 2021, Boyd Corporation, a US-based company renowned for engineered materials and thermal management technologies, completed the acquisition of Siltec for an undisclosed amount. This strategic move positions Siltec, a Germany-based company specializing in compounding silicone for unique items in the highly regulated medical sector, as a valuable addition to Boyd's capabilities in silicone material science and the medical industry. Boyd Corporation aims to leverage Siltec's team of scientists and technologists to drive innovation across its material portfolio. The acquired knowledge will be applied to accelerate innovation in adjacent high-growth markets, including industrial technology, e-mobility, and cloud data centers, where customers demand high-temperature-resistant and durable solutions. This acquisition reflects Boyd Corporation's commitment to advancing innovation and meeting the evolving needs of various industries.
Major companies operating in the cooling fabrics market include Coolcore LLC, Ahlstrom-Munksjo Holding, Polartec LLC, Formosa Taffeta Co Ltd., Hong Li Textile Co Ltd., National Institute of Electronics & Information Technology, Tex-Ray Industrial Co Ltd., Asahi Kasei Corporation, Hexarmor, Invista, Adidas AG, Sun Dream Enterprise Co Ltd., Everest Textile Co Ltd., Nanotex LLC, Singtex Industrial Co Ltd., Nike Inc., Nan Ya Plastics Corporation, Balavigna Weaving Mills Pvt Ltd., Burlington Stores Inc., Columbia Sportswear Company, Heiq Materials AG, Lee Yaw Textile Co Ltd., Libolon, Marcel Liebaert Nv, Patagonia Inc., Technical Absorbents Ltd., Tehrani Industrial Group, VF Corporation, Ventex Co Ltd., Wilson Fabrics, Virul International Pvt Ltd.
North America was the largest region in the cooling fabrics market in 2023. Asia-Pacific is projected to record fastest growth over the forecast period. The regions covered in the cooling fabrics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
The countries covered in the cooling fabrics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA.
The cooling fabrics market consists of sales of flannel, muslin, terry cloth, sateen, gauze, velveteen, and sailcloth, as well as cotton, nylon, and rayon. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.