Global Cooling Fabrics Market is anticipated to reach US$ XX Bn by 2026 from US$ XX Bn in 2020 at a CAGR of 11.2% during a forecast period.
Global Cooling Fabrics Market Overview
Global Cooling Fabrics Market
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The market is expected to grow due to increasing smart and intelligent fabric clothes, which protect against heat, wrinkle-free texture, evaporates sweat, quick-drying, and keeps the wearer's body cool. The growing demand for cooling fabrics for application in the textile industry is expected to drive the cooling fabrics market growth in the forecast period. Similarly in sportswear applications cooling fabrics are used due to their properties like heat, moisture, and perspiration resistance, lightweight, smart, and easy to carry wearable. Thus, rising sports and leisure activities in regions such as North America, Europe, and the Asia Pacific are anticipated to positively impact the market. Sportspersons prefer using outfits made using cooling fabrics which help in regulating the body temperatures to remain dry while they are on the sports field.
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Protective clothing is also made from cooling fabrics. Protective textiles are subjected to a variety of hostile and unfavorable conditions, including extreme temperatures. The body temperatures of those who work in such conditions gradually rise. Cooling textiles provide a cooler microclimate between the person and the environment, removing heat. As a result, the market is projected to be driven by rising demand for cooling textiles in protective garments. Increasing demand from the medical and defense sectors represents the most promising potential for the cooling textiles market throughout the forecast period.
The high production costs of cooling textiles are a restriction on market growth, as they need complex, expensive infrastructure. Since cooling fabrics also use raw materials, such as nylon, polyester, and other raw oil, the growing price of crude oil might lead to a high-end product price.
Global Cooling Fabrics Market Segmentation Analysis
By Type, in 2020, synthetics are anticipated to account for the majority of the global cooling fabric market. The rise is attributable to the well-developed production capability for these textiles, as well as their cost-effectiveness and ease of fabrication. Raw materials such as nylon, polyester, and spandex are used in synthetic cooling textiles. As a result, the segment's growth is fueled by the easy availability of raw ingredients for making synthetic cooling textiles. The demand for synthetic cooling textiles is projected to rise over the forecast period because of their outstanding strength, high elasticity, and smooth texture.
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By Textile Type, knitted cooling fabrics held the largest share of the cooling fabrics market in 2020.
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Knitted fabrics provide greater versatility than textiles. The structure of the body makes knitted textiles simpler for the user due to such features as enhanced ventilation and the ability to fit best. Thus, due to its application for sports equipment, the market for knitted fabrics cooling is anticipated to grow over the forecast period.
Global Cooling Fabrics Market Regional Analysis
North America held the highest market share in 2019, holding more than two-fifths of the total market share followed by Europe and the Asia Pacific. The U.S. market accounted for 82.9% of the North American market in 2019. The growth of the market can be attributed to the growing demand from the sports sector as well as technological advancements.
Asia-Pacific region is projected to witness the highest CAGR of 9.2% during the forecast period. The growing consumer preference toward fitness and health consciousness together with government support is projected to have a positive impact on the growth of the market in the region. The countries like China and India, are the manufacturing hubs that drive the expansion of production is anticipated to augment market demand for cooling fabrics.
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The objective of the report is to present a comprehensive analysis of the Global Cooling Fabrics Market to the stakeholders in the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language.
The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global Cooling Fabrics Market dynamics, structure by analyzing the market segments and project the Global Cooling Fabrics Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Cooling Fabrics Market make the report investor’s guide.
Global Cooling Fabrics Market Scope: Inquire before buying
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Global Cooling Fabrics Market by Region
• North America
• Asia pacific
• Middle East and Africa
• South America
Global Cooling Fabrics Market Key Players
• 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)
• Hexarmor (US)
• Adidas AG
• Ahlstrom-Munksjo Oyj
• Coolcore, LLC
• Formosa Taffeta Co., Ltd.
• HDM, Inc.
• Kraton Corporation
This Report Is Submitted By : Maximize Market Research Company
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