CRI Report has released a report titled “Cooling Fabrics Market – Analysis of Market Size, Share & Trends for 2019 – 2020 and Forecasts to 2030” which is anticipated to reach USD 6.73 billion by 2030.
According to a study by CRI Report, the market is anticipated to portray a CAGR of 8.7% between 2020 and 2030. According to the report, a large proportion of athletes prefer more appealing fabrics for their clothing. People’s awareness of comfortable clothing materials is increasing global demand for cooling fabrics. Rising expertise among these folks will continue to be a primary driver for the global market for cooling fabrics in the foreseeable future. Furthermore, increased economic growth, changing lifestyles, and an increase in sports culture are likely to drive demand for cooling fabrics in emerging nations throughout the forecast period.
The market report on global Cooling Fabrics Market includes in-depth insights as:
- The estimated value of the market was USD 2.95 billion in the year 2020.
- Global Cooling Fabrics in North America held the largest market share in the year 2020.
- Global Cooling Fabrics market is segmented by type into Synthetic and Natural.
- Global Cooling Fabrics market is divided by application into Sports Apparel, Protective Wear, Lifestyle, and Others
- Key players are likely to focus on product innovations and expansion through mergers to retain their positions in developed markets.
“Individuals’ increasing need for protective apparel and sportswear is a major driver projected to propel the global cooling fabrics market forward. Growing engagement in sports and regular exercise as a result of rising health awareness is driving up demand for cooling fabrics-based sportswear, which is expected to drive the global market forward in the long run. Another factor projected to boost the global market’s growth is the growing use of cooling textiles in the industrial and military sectors. Cooling textiles allow sweat to evaporate while also providing protection from pollutants and UV radiation. The target market is also growing due to the increasing popularity of cooling fiber due to its features”, said a lead analyst at CRI Report.
Natural and synthetic materials can be used to create cooling fabrics. Cooling fabric is a new type of fabric that offers cooling, warmth, and a skin-like softness. Customers will appreciate the convenience of cooling materials because they aid to dissipate sweat and keep the cloth from clinging to the body. The movement of moisture and regulated evaporation are two important features of cooling fabrics. These fabrics are unique from other thermoregulating textiles. Polyester, nylon, rayon, and spandex are examples of synthetic materials that are not only breathable but also allow for optimum airflow. Another important aspect driving industry growth is the easy availability of raw ingredients for creating synthetic cooling fabrics. Because of their lightweight, silky feel, and resistance to perspiration and UV radiation, polyester and nylon have recently gained popularity in the creation of cooling clothes.
Global Cooling Fabrics market is segmented by type into Synthetic and Natural. In 2020, synthetic textiles accounted for the majority of the global cooling fabrics market. Because of the increased strength and performance of synthetic textiles, this market is predicted to grow at the quickest rate over the next eight years. These are utilized in a wide range of applications, including sportswear and medical. In the projection period, the natural cooling fabrics segment is also predicted to increase. Because of its qualities like excellent breathability and biodegradability, the product is expected to see significant demand over the projected period. Natural materials have built-in breathability, but they are more expensive and less durable than synthetic materials.
Key Players in the Market
- Some of the key players operating in the global Cooling Fabrics Market are Adidas AG, Ahlstrom-Munksjo Oyj, Coolcore, LLC, Formosa Taffeta Co., Ltd., HDM, Inc., Kraton Corporation, Nan Ya Plastics Corporation, NILIT Ltd., Polartec, LLC, and Other Prominent Players
Get Valuable Insights into Global Cooling Fabrics Market
In the new report, CRI Report thrives to present an unbiased analysis of the global Cooling Fabrics Market that covers the historical demand data as well as the forecast figures for the period, i.e., 2021-2030. The study includes compelling insights into growth that is witnessed in the market. Global Cooling Fabrics market is segmented by type into Synthetic and Natural. Global Cooling Fabrics market is divided by application into Sports Apparel, Protective Wear, Lifestyle, and Others. Geographically, the market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East, and Africa.