February 17, 2021
According to a recent study titled “Global cooling fabrics market analysis, 2020”, available with Market Study Report LLC, global cooling fabrics market is projected to record a robust yearly growth rate of 9.5% during 2020-2025.
Cooling fabrics are synthetic materials that maintain an optimum temperature level for the body. Material characteristics like sweat evaporation and breathability are stimulating the demand for sports apparel, in turn impelling the growth of global cooling fabrics market.
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Increased research & development for cooling fabrics, coupled with rising interest and awareness about recreational activities such as sports, gym, yoga and meditation are adding steam to the industry growth. A survey done by UK based nutrition provider Myprotein, reveals than an American spends approximately USD 24,727.15 on gym wear and accessories in his lifetime.
Customer-centric apparels launched by companies are one of the key factors boosting global cooling fabrics industry growth. For instance, ODLO, a Swiss outdoor clothing company launched its 2019 summer cycling range with fabrics made using ‘ceramicool’ technology that actively lowers skin temperature.
Additionally, sudden environmental changes in the Middle East & Africa and APAC regions is also instigating the growth of global cooling fabrics industry. In 2017, Techniche, a UK based company introduced washable cooling formals targeting the Middle Eastern market.
Based on type, global cooling fabrics market is classified into synthetic, and natural. On the basis of textile terrain, the industry can be categorized into woven, non-woven, and knitted.
Elaborating on technology spectrum, the industry is arrayed into cooling finishes, polymer coatings, and specialty fibers. With regard to applications scope, the market is segmented into sports apparel, protective wear, and lifestyle.
On the regional front, North America grabbed a major chunk of global cooling fabrics market share in 2019, owing to increased disposable income, a burgeoning number of fitness enthusiasts, and rising national average spending on gym apparel and accessories.
Worldwide cooling fabrics market has stiff competition. This induces companies to come up with various product upgrades and innovations. Leading players in the industry include Tehrani Industrial Group, HexArmor, Asahi Kasei Corporation, Coolcore, Ahlstrom-Munksjö Oyj, NILIT Ltd., Polartec LLC, Nan Ya Plastics Corporation, Formosa Taffeta Co., and Tex-Ray Industrial Co. Ltd.