IMARC Group, a leading market research company, has recently released a report titled “Cooling Fabrics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global cooling fabrics market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
What Are The Growth Prospects Of The Cooling Fabrics Industry?
According to the report, The global cooling fabrics market size reached US$ 2.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 3.9 Billion by 2028, exhibiting a growth rate (CAGR) of 8.1% during 2023-2028.
What is Cooling Fabrics?
Cooling fabrics are advanced fabrics offering cooling and soft texture to the user. They consist of polymer, gel, or phase change materials (PCMs) that can modify their insulating properties based on the environment. These fabrics work by absorbing heat and moisture and releasing them into the atmosphere, which improves the ventilation and breathability of the garments. They also help maintain a comfortable body temperature during physical activity and provide relief from scorching weather conditions, contributing to overall well-being. As a result, cooling fabrics are widely used in the production of sportswear due to their excellent thermal conductivity and tactile properties.
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What are the growth prospects and trends in the Cooling Fabrics industry?
The market Is primarily driven by the increasing demand for cooling fabrics in the medical sector. In addition, the recent onset of the coronavirus disease (COVID-19) pandemic led to the escalating demand for cooling fabrics for personal protective equipment (PPE) to protect wearers from heat stress, which is contributing to the market growth. Moreover, the widespread adoption of cooling fabrics for heavy protective clothing worn by firefighters, military personnel, and hazardous material cleanup crews represents another major growth-inducing factor. Besides this, key market players are producing cooling garments that increase blood flow to working muscles, improve oxygen uptake, and minimize inflammation risk during events which is accelerating the product adoption rate. Furthermore, the rising number of sports enthusiasts and extensive research and development (R&D) activities to develop practical cooling garments that can decrease the temperature of the brain in stroke and head trauma patients are creating a positive market outlook.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Type:
- Synthetic
- Natural
Breakup by Application:
- Sports Apparel
- Protective Wear
- Lifestyle
- Others
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
- Adidas AG
- Ahlstrom-Munksjö Oyj
- Asahi Kasei Corporation
- Coolcore LLC
- Formosa Taffeta Co. Ltd.
- HexArmor
- Nan Ya Plastics Corporation
- Nike Inc.
- Nilit Ltd.
- Polartec LLC (Milliken & Company)
- Tex-Ray Industrial Co. Ltd.
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