Cooling Fabrics Market

The cooling fabrics market is projected to grow from USD 2.4 billion in 2023 to USD 3.6 billion by 2028, at a CAGR of 7.7%. The cooling fabrics market has observed stable growth throughout the study period and is anticipated to continue with the same trend during the forecast period. Increase demand for comfortable clothing in hot climates, increasing awareness of the benefits of temperature-regulating fabrics, and advancements in textile technology are expected to drive the growth of the market in the upcoming years.

Attractive Opportunities in the Cooling Fabrics Market

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Market Dynamics:

Driver: Increasing demand for comfortable clothing

People are increasingly engaging in physical activities and leading active lifestyles. Whether it's sports, outdoor adventures, or regular exercise, individuals require clothing that can manage moisture and regulate body temperature during physical exertion. Cooling fabrics are highly breathable, allowing air to circulate and flow through the fabric. This helps to enhance ventilation and promote airflow, which is crucial for maintaining comfort in hot and humid environments. Improved breathability also prevents the build-up of sweat and odor, keeping the wearer fresh and dry. Therefore, by regulating body temperature, managing moisture, and providing breathability, cooling fabrics offer enhanced comfort compared to traditional fabrics, which makes them highly desirable among consumers.

Restraint: High cost of cooling fabrics compared to regular fabrics

The cost of cooling fabrics can vary depending on several factors, including the type of fabric, the cooling technology used, manufacturing processes, consumer preferences, global trade patterns and market demand. Also, cooling fabrics with advanced technologies such as phase change materials (PCM) or microencapsulation tend to be more expensive. These fabrics offer enhanced cooling effects and prolonged temperature regulation. The use of specialized materials, manufacturing processes, and proprietary technologies contribute to their higher cost. Thus, the overall high cost of cooling fabrics can make them relatively expensive compared to traditional fabrics, limiting their affordability for some consumers, which is expected to hamper the growth of cooling fabrics market.

Opportunity: Increasing usage in medical and healthcare sector.

Usage of cooling fabrics is increasing in the medical and healthcare sector owing to their valuable applications. They are incorporated into wound dressings to provide a cooling effect on injured or burned skin. The cooling sensation helps to alleviate pain, reduce inflammation, and promote faster healing. Cooling wound dressings can be particularly beneficial for burns, as they provide relief from the heat and help in managing pain during the recovery process. Thus, the use of cooling fabrics in medical and healthcare applications that aim to enhance patient comfort, support the healing process, and improve the overall quality of care, are expected to create opportunities for cooling fabrics market during forecast period.

Challenge: Low market penetration

Cooling fabrics require some level of explanation and education to fully understand their properties and advantages. However, comprehensive educational resources or campaigns about cooling fabrics may be lacking. Without adequate information, consumers may not actively seek out or understand the benefits of cooling fabrics when making purchasing decisions. Thus, the education and awareness of cooling fabrics are relatively low among the general population which poses a challenge to the market.

Cooling Fabrics market: ecosystem

Prominent companies in this market include well-established, and financially stable manufacturers of cooling fabrics. These companies have been operating in the market for several years and possess a diversified product portfolio and strong global sales and marketing networks. Prominent companies in this market include Coolcore (US), Nan Ya Plastics Corporation (Taiwan), Ahlstrom (Finland), NILIT (Israel), and Polartec (US).

Based on type, the synthetic segment is projected to account for the largest share in 2023. 

The synthetic segment is estimated to have the largest share of the global cooling fabrics market in 2023. They are typically made from synthetic fibers such as polyester, nylon, or polypropylene. The key drivers for the synthetic cooling fabrics include the enhanced moisture-wicking, quick drying, breathability, high strength, endurance, elasticity, and smooth texture.

Based on textile type, the knitted segment is projected to account for the largest share in 2023.

The knitted segment is estimated to have the largest share of the global cooling fabrics market in 2023. These fabrics are known for their stretchability, breathability, and flexibility, making them popular choices for cooling applications. Knitted cooling fabrics offer ease of movement and a comfortable fit that is particularly beneficial in sportswear or activewear applications. Thus, the combination of breathability, moisture-wicking, stretch, and comfort makes knitted cooling fabrics an excellent choice for individuals seeking optimal cooling and performance in their clothing, which can be boost the cooling fabrics market.

Based on application, the sports apparel segment is projected to account for the largest share in 2023

The sports apparel segment is estimated to have the largest share of the global cooling fabrics market in 2023. Cooling fabrics are extensively used in sports apparel to provide athletes and active individuals with enhanced comfort and performance during physical activities. They are designed for specific sports such as running, cycling, tennis, basketball, soccer, among others. These fabrics aid in moisture-wicking, promote airflow, and enhance comfort, allowing athletes to focus on their performance. Thus, the rising use of sports apprel globally is promoting the growth of cooling fabrics market.

Based on region, Asia Pacific region is projected to register the highest CAGR during the forecast period

The region has a large and active population engaged in sports, fitness, and outdoor activities. As a result, there is a rising demand for performance apparel that offers cooling properties, moisture management, and breathability. Consumers are increasingly seeking clothing that can enhance their comfort and performance during physical activities, driving the demand for cooling fabrics. The region is also witnessing rapid urbanization, accompanied by changes in lifestyle patterns. As more individuals adopt active and health-conscious lifestyles, the demand for sportswear, athleisure wear, and outdoor apparel with cooling properties is increasing, which is expected to drive the market growth.

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Key Market Players

Coolcore (US), Ahlstrom (Finland), NILIT (Israel), Polartec (US), Nan Ya Plastics Corporation (Taiwan), TexRay Industrial Co., Ltd. (Taiwan), Formosa Taffeta Co., Ltd. (Taiwan), Asahi Kasei Corporation (Japan), Everest Textile Co., Ltd. (Taiwan), Nanotex (US), Bhttps://www.marketsandmarkets.com/Market-Reports/cooling-fabrics-market-34980818.htmlington Fabrics (US), Libolon (Taiwan), Columbia Sportswear Company (US), Marcel Liebaert NV (Belgium), HeiQ Materials AG (Switzerland), Patagonia (US), and Virul INTL (US) and others are among the major players leading the market through their innovative offerings, enhanced production capacities, and efficient distribution channels.

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Scope of the Report

:

This research report categorizes the cooling fabrics market based on type, textile type, application, and region.

Based on type, the cooling fabrics market has been segmented as follows:

• Natural
• Synthetic

Based on textile type, the cooling fabrics market has been segmented as follows:

• Woven
• Nonwoven
• Knitted

Based on application, the cooling fabrics market has been segmented as follows:

• Sports apparel
• Lifestyle
• Protective wearing
• Others

Based on the region, the cooling fabrics market has been segmented as follows:

• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Rest of Asia Pacific
• Europe
  • Germany
  • Italy
  • France
  • UK
  • Spain
  • Portugal
  • Rest of Europe
• North America
  • US
  • Canada
  • Mexico
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East & Africa
• South America
  • Brazil
  • Argentina
  • Rest of South America

Recent Developments

• In April 2022, Columbia Sportswear Commpany announced the expansion of capabilities at its Robards, Kentucky (US) distribution center. The company has invested approximately $4 million in the facility.
• In January 2022, HeiQ Materials AG announced the launch of a new dual action textile cooling technology, HeiQ Cool, the world’s first textile technology to deliver both instant contact cooling and continuous evaporative cooling.

Frequently Asked Questions (FAQ):

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