According to the latest report by IMARC Group “Cooling Fabrics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027“, The global cooling fabrics market reached a value of US$ 2.2 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 3.6 Billion by 2027, exhibiting a CAGR of 8.4% during 2022-2027.
A cooling fabric absorbs sweat from the body surface and helps evaporate moisture into the atmosphere. It is made of gel, polymer, and phase change materials (PCMs) that alter their insulating properties according to the environment. It improves the ventilation of the garment by releasing heat and moisture into the atmosphere and limiting the fabric from sticking to the body. Besides this, it helps maintain a comfortable body temperature during sports, physical activities, and high-intensity workouts in hot weather.
It also maximizes oxygen uptake, increases blood flow to the working muscles, and reduces the risk of inflammation during events, which makes it suitable to wear at home and work. Additionally, as the cooling fabric is temperature-regulating, it is extensively used for designing clothes for kids. It is also used for fabricating sports apparel worldwide due to its aesthetic appearance and sweat-absorbing properties. At present, due to its excellent thermal conductivity and tactile properties, it is widely used in the manufacturing of protective wear in the military and healthcare sectors.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Market Trends:
The rising prevalence of skin allergies and infections, along with growing consumer awareness about comfortable materials for clothing, represents one of the key factors positively influencing the market. A significant rise in global temperature is also propelling consumers to shift toward heat-regulating fabrics. These fabrics help resist perspiration, regulate temperature, and provide a cooling effect to the body. In addition, the rising participation of individuals in sports and physical activities is driving the demand for cooling fabrics as they help regulate the body temperature of the wearer through superior evaporative characteristics. Moreover, the growing adoption of cooling fabrics to make protective clothing for firefighters, military personnel, and healthcare sector staff working in hazardous conditions is creating a favorable market outlook.
Besides this, rising concerns about the manufacturing waste of cooling fabric are encouraging leading investors to introduce sustainable product variants that contain fibers from recycled resources. In addition, leading manufacturers are developing self-cooling materials from recycled plastic bags and other polyethylene products. Furthermore, the increasing sales of luxury cars with premium automotive upholstery are catalyzing the demand for cooling fabrics in the automotive industry. Apart from this, the use of social media to promote the benefits of cooling fabrics is positively influencing the market. Additionally, increasing technological advancements and investments in research and development (R&D) activities to develop low-cost cooling materials are anticipated to drive the market in the coming years.
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
Competitive Landscape with Key Player:
- 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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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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