Global Cooling Fabrics Market Report and Forecast 2024-2032

Global Cooling Fabrics Market Outlook

The global cooling fabrics market size attained a value of approximately USD 2.60 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 8%, reaching a value of around USD 5.20 billion by 2032.

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The increasing demand for cooling fabrics in summer, in the form of t-shirts, shorts, and shirts, among others, to bolster the comfort of people living in humid, temperate, and areas near to equator, is driving the cooling fabrics market growth. Summer clothing incorporated with cooling fabrics, such as summer cotton fabric, cool linen, flowing silk, and bamboo fabric, among others, are witnessing a heightened demand among youngsters. Increasing sale of summer collections via e-commerce sales channels, is also adding to the market revenue for cooling fabrics. Moreover, changing consumer preferences towards more breathable, printable, and stylish clothing products is likely to aid the market for cooling fabrics over the forecast period.

Global Cooling Fabrics Market Share by Region

North America holds a major share of the global market for cooling fabrics, supported by new technological advancements, research and development investments, and the presence of an established consumer base. Within North America, United States accounts for a healthy share of the market while Canada covers the second-largest share after the United States. The well-developed sports industry in the United States is further propelling the market for cooling fabrics. The increased demand for these fabrics for military applications is expected to further strengthen the market for cooling fabrics in this region. The cooling fabrics market in North America is predicted to develop in response to the rising demand for cooling fabrics in the industrial sector. Rising disposable income of consumers and high level of promotions by market players in the region are expected to further augment the dynamics of the market for cooling fabrics.

Cooling Fabrics: Market Segmentation

Cooling fabrics are made out of gel, polymer, or phase change materials (PCMs) that vary their insulating qualities as the temperature changes. These textiles work by absorbing heat and moisture and releasing it into the atmosphere, which helps to increase the breathability and ventilation of the fabrics. They also help to maintain a comfortable body temperature during physical activity and improve general well-being in hot weather. Cooling fabrics are commonly used to make sportswear all over the world due to their superior thermal conductivity and tactile qualities.

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The cooling fabrics market segmentation by type is:

• Synthetic

• Natural

Based on textile type, the market is divided into:

• Woven

• Nonwoven

• Knitted

• Others

On the basis of application, the market is categorised into:

• Sports Apparel

• Lifestyle

• Protective Wearing

• Others

The regional markets for cooling fabrics are divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Increasing Demand for Protective Clothing and Sportswear Augmenting the Market Growth

Rising need for protective apparel and sportswear is projected to propel the cooling fabrics market growth. Increasing engagement in sports and regular exercise due to increasing health awareness is driving demand for cooling fabrics-based sportswear, which is expected to drive the global market forward in the long run. Growing adoption of cooling materials in the industrial and military sectors is another factor expected to generate cooling fabrics market revenue.

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Cooling fabrics aid in sweat evaporation and offer protection against pollution and UV rays. The increasing popularity of cooling fibres due to their properties is also fuelling the growth of the market for cooling fabrics. The creation of low-cost cooling fabrics and promotional operations that use commercials and social media to raise awareness can help players in the market earn more money. In addition, the introduction of new, advanced, and higher-quality cooling fabrics is likely to boost the global market's growth. Increasing technological advancements and investments in research and development are expected to expand the market share of cooling fabrics in the global fashion and clothing sector in the coming years.

Key Players in the Global Cooling Fabrics Market

The report gives a detailed analysis of the following key players in the global market for cooling fabrics, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• Ahlstrom-Munksjö

• Polartec®, LLC

• Coolcore

• Formosa Taffeta Co., Ltd.

• HexArmor

• HeiQ Materials AG

• Asahi Kasei Corporation

• Libolon

• Nan Ya Plastics Corporation

• Nilit Ltd

• Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

Key Highlights of the Report