Global Cooling Fabric Market will propel to garner USD 3,365.4 Mn, with a CAGR of 9.8% by 2025
05 June 2018
Cooling fabric is a material which helps to trap the body heat and keep the skin dry. Cooling fabric provides number of benefits such as insulation capacity, breathability, high cooling effect, and protection from UV rays. Cooling fabrics can be manufactured by utilizing the evaporative cooling technology, phase change technology, ice & gel pack, or super-absorbent fiber technology. Cooling fabrics are used in manufacturer of various headgears, work wear, uniforms, jackets, coats, home textiles, T-shirts, wrist bands, protective wears, sport swear, and neck bands.
Increasing demand for sportswear is expected to drive the demand for cooling fabric market. Moreover, growing concerns for health and safety of workers are raising the demand for protective apparels has led to increased demand for cooling fabric. However, high manufacturing cost of cooling fabric and low awareness among customers is expected to hamper the cooling fabric market. In terms of volume, global cooling fabric market in 2017 stood at 262.80 kilo tons and is expected to reach 450.76 kilo tons by 2025 growing at a CAGR of 9.5% from 2018 to 2025. In terms of revenue, global cooling fabric market in 2016 stood at USD 1,924.2 Mn and is expected to reach USD 3,365.4 Mn by 2025 growing at a CAGR of 9.8% from 2018 to 2025.
On the basis of type cooling fabric can be classified as synthetic cooling fabric and natural cooling fabric. Synthetic cooling fabric occupied larger market share as compared to natural cooling fabric. However, natural cooling fabric is expected to grow at a faster growth rate during the forecast period. Major applications of cooling fabric can be classified as sportswear, protective wearing, lifestyle and others. Sportswear application held the major market share and is expected to grow at a fastest growth rate during the forecast period.
Region wise global cooling fabric market is segmented into North America, South America, Europe, Asia Pacific, and Middle East and Africa. North America held the largest market share followed by Europe. Asia Pacific is expected to grow at a fastest growth rate followed by North America during the forecast period. North America held more than 35% market share in 2016, while Europe held more than 30% market share in 2017.
Some of the global major players operating in the cooling fabric market include Coolcore LLC, Invista, Ahlstrom, Nilit, Polartec, Nan Ya Plastics, Tex-Ray Others Co, Formosa Taffeta Co., Ltd, Hexarmor, Technical Adsorbents, Sportingtex, Garmatex Technologies and Others.
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