Cooling Fabrics Market by Application Sports Apparel, Protective Clothing and Lifestyle - Global Forecast To 2021
“Cooling Fabrics Market Is
Projected To Reach USD 2.94 Billion By 2021”
The cooling fabrics market was valued at USD 1.80
billion in 2016 and is projected to reach USD 2.94 billion by 2021, at a CAGR
of 10.3% from 2016 to 2021. The cooling fabrics market has grown considerably
in recent years due to the demand from sports & leisure activities sector,
changes in lifestyle, and growing concerns for health and wellness.
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Major applications in the cooling fabrics market
include sports apparel, protective wearing, lifestyle, and others. The sports
apparel application dominated the global cooling fabrics market due to the
growing sportswear market and the increase in sports and leisure related
activities across the world. These factors are also anticipated to drive the
cooling fabrics market for sports apparel application in the coming years. The
protective wearing application segment is estimated to be the fastest-growing
in the global cooling fabrics market during the forecast period due to the
growing demand for cooling fabrics from defense, industrial, and firefighting
end-use applications.
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Cooling fabrics are manufactured by using innovative
and technologically advanced spinning processes on fibers (synthetic fibers
such as nylon, polyester, and spandex and natural fibers such as jade, cocoa
beans, and bamboo fibers). These fabrics provide cooling with a temperature 1-2
℃ lower than the ambient
temperature to the wearer. Cooling fabrics can remove sweat and water from the
skin very quickly, thus, providing dryness and coolness.
Cooling garments are used to ensure safety of
personnel in workplaces where they are exposed to extreme weather conditions.
Cooling garments help remove metabolic heat and prevent heat exchange between
the body and environment. Factors, such as growing demand from sportswear and
protective wearing market applications, innovations in the textile industry,
and demand for new garments that provide long lasting cooling effect are also
expected to drive the cooling fabrics market in the coming years.
Based on type, the cooling fabrics market has been
segmented into synthetic and natural cooling fabrics. The cooling fabrics
market is dominated by the synthetic segment, which is also projected to grow
at the highest CAGR during the forecast period due to its increasing demand and
usage across various industries. Durability of synthetic fabrics and cooling
provided by them, which are sometimes not achievable with natural fabrics, lead
to their higher market share. Easy availability of raw materials used to make
these fabrics is another factor that drives the growth of this segment.
The Asia-Pacific cooling fabrics market is projected
to grow at the highest rate during the forecast period due to the development
in sportswear market, increasing concerns for health and safety, and developing
economic conditions in this region. The increasing investments by technical
textile manufacturers, availability of cheap labor, and low operational costs
are the major drivers for the growth of the cooling fabrics market in this
region.
Major companies operating in the cooling fabrics
market include Ventex (Korea), Nan Ya Plastics (Taiwan), Tex-Ray Industrial Co.
Ltd. (Taiwan), Invista (U.S.), Ahlstrom (Finland), Formosa Taffeta Co. Ltd.
(Taiwan), Singtex (Taiwan), Nike (U.S.), Adidas (Germany), Puma (Germany), and
Coolcore LLC (U.S.), among others.
New product launches and acquisitions are the strategies
adopted by key companies in the cooling fabrics market. These companies also
invested in R&D activities to strengthen their sales and distribution
networks, enhance their market visibility, and strengthen their position in the
market.
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