The latest report by IMARC Group, titled “Cooling Fabrics Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027,” finds that the global cooling fabrics market size reached US$ 2.2 Billion in 2021. Cooling fabrics are advanced fabrics that provide cooling and soft texture to the user. They comprise gel, polymer, or phase change materials (PCMs) that alter their insulating properties in response to the environment. They help to improve the breathability and ventilation of the garments, maintain a comfortable body temperature during physical performance, and improve overall well-being from scorching conditions. Owing to these properties, cooling fabrics are widely utilized to manufacture sports apparel across the globe.
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.
Global Cooling Fabrics Market Trends:
The market is primarily driven by the recent outbreak of coronavirus disease (COVID-19) and the consequent need for personal protective equipment (PPE) and masks. In addition, the rising product adoption in manufacturing heavy protective clothing or armors worn by military personnel, firefighters, and staff working with the hazardous material cleanup is further contributing to market growth. Besides this, leading manufacturers are investing in research and development (R&D) activities to develop a practical cooling garment that can lower the temperature of the brain in stroke and head trauma patients. This, coupled with the increasing number of sports enthusiasts across the globe, is positively influencing market growth. Moreover, significant growth in the real estate sector is accelerating the application of cooling fabrics in furniture upholstery, thereby propelling market growth. Looking forward, IMARC Group expects the market to reach US$ 3.6 Billion by 2027, exhibiting a CAGR of 8.4% during 2022-2027.
- Based on the type, the market has been bifurcated into synthetic and natural.
- On the basis of the application, the market has been segmented into sports apparel, protective wear, lifestyle, and others.
- Region-wise, the market has been divided into North America (the United States and Canada), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa.
- The competitive landscape of the market has been examined in the report, with some of the key players being 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) and Tex-Ray Industrial Co. Ltd.
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