According to the new market research report “Cooling Fabrics Market by Type (Synthetic, Natural), Textile Type (Woven, Non-woven, Knitted), Application (Sports Apparel, Lifestyle, Protective Wearing, Others), Region (North America, Europe, APAC, South America, MEA) – Global Forecast to 2024″, The cooling fabrics market in 2019 is estimated to be USD 2.4 billion and is projected to reach USD 3.7 billion by 2024, at a CAGR of 9.1% from 2019 to 2024. This growth is attributed primarily to the increasing demand for sports apparel, lifestyle, and protective wearing applications.
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The cooling fabrics market in 2019 is estimated to be USD 2.4 billion and is expected to reach USD 3.7 billion by 2024, at a CAGR of 9.1% from 2019 to 2024. Growth in this market is attributed primarily to the increasing demand for cooling fabrics in sports apparel, lifestyle, and protective wearing. Cooling fabrics generally have the property to adapt to the environmental conditions and regulate the temperature by managing heat and moisture. These fabrics distribute the body heat and cool the body by evaporating sweat. The fibers used to make cooling fabrics can pull the sweat and moisture very quickly from the skin and extend the wet area of the surface as much as possible.
Based on type, the cooling fabrics market has been segmented into synthetic and natural fabrics. Synthetic cooling fabrics market accounts for larger market share owing to better moisture-wicking properties and provides an enhanced cooling effect to the wearer compared to natural cooling fabrics. Synthetic fabrics have other qualities such as, excellent strength, endurance, high elasticity, and smooth texture, which are sometimes not achievable with natural fabrics.
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The cooling fabrics market in 2019 is estimated to be USD 2.4 billion and is projected to reach USD 3.7 billion by 2024, at a CAGR of 9.1% during the forecast period. Growth in this market is attributed mainly to the increasing demand for cooling fabrics in sports apparel, lifestyle, and protective wearing.
Cooling fabrics lowers the body temperature of the wearer when the wearer gets sweaty. Cooling fabrics generally have the property to adapt to the environmental conditions and regulate the temperature of the body by managing heat and moisture. These fabrics distribute the body heat and cool the body by evaporating sweat. The fibers used to make cooling fabrics can pull the sweat and moisture very quickly from the skin and extend the wet area of the surface as much as possible. Major companies operating in the cooling fabrics market are Coolcore LLC (US), Ahlstrom-Munksjö (Finland), NILIT (Israel), Polartec (US), , Nan Ya Plastics Corporation (Taiwan), Tex-Ray Industrial Co., Ltd. (Taiwan), Formosa Taffeta Co., Ltd. (Taiwan), Asahi Kasei Corporation (Japan), and Hexarmor (US), among others.
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Coolcore LLC (US), is one of the leading manufacturers of cooling fabrics. The company is focusing on business expansion strategies such as new product launch and partnership to strengthen its market position and consolidate its financial position in the cooling fabrics market.
NILIT (Israel) is another key player in the cooling fabrics market. In December 2014, the company acquired the production facilities of INVISTA Americana in Sao Paulo, Brazil that produces nylon 6.6. This acquisition helped the company increase its presence and market share in Brazil and the South American nylon market. Further, the company met the demand for garments in the local market of Brazil.
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