Cooling Fabrics Market - Forecast(2023 - 2028)

Report Code: CMR 89881 Report Format: PDF + Excel

Cooling Fabrics Market Overview

The Cooling Fabrics Market size is projected to reach US$2.5 billion by 2027, after growing at a CAGR of 8.5% during the forecast period 2022-2027. Cooling fabrics help to maintain a comfortable body temperature during hot weather and physical performance. The cooling fabrics industry is based on a cooler microclimate to remove heat between humans and the environment. The major factor for producing cooling fabrics include fabric construction and weight, moisture management, mesh panels and air vent and fitting of the garments. The synthetic cooling fabrics segment is the largest type used in this market which includes nylon, polyester, linen and rayon. According to the Ministry of Industry and Information Technology, from January to September 2021, the combined operating revenue of 12,557 major Chinese garment companies was US$163.9 billion, showing a 9% increase. Thus, the growth of the textile industry is propelling market growth. Many industries across the globe have faced several challenges due to the COVID-19 pandemic. According to Cotton Textile Export Promotion Council, in 2020, the textile and garment export of India was US$29 billion showing a 13% decrease compared to US$34 billion in 2019. With the pause in industrial production and distribution, the demand and consumption of the cooling fabrics market have been hampered to an extent.

Report Coverage

The “Cooling Fabrics Report – Forecast (2022-2027)” by IndustryARC, covers an in-depth analysis of the following segments in the Cooling Fabrics industry.

By Type: Synthetic and Natural.
By End-users: Men, Women and Children.
By Textile Type: Woven, Non-Woven and Knitted.
By Application: Sports Apparel (Shoes and Clothes), Lifestyle, Protective Wearing (Body Suits, Jackets, Vests, Aprons) and Others.
By Geography: North America (the USA, Canada and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Belgium and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia and New Zealand, Indonesia, Taiwan, Malaysia and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile and Rest of South America), Rest of the World (the Middle East and Africa).

Key Takeaways

  • The North American region is expected to augment the growth of the target market, owing to the high demand for cooling fabrics in sports and lifestyle. The presence of major cooling fabrics manufacturers such as Coolcore LLC, Polartec and Hexarmoris projected to drive the growth of the market.
  • The notable use of synthetic fabrics is expected to provide significant growth opportunities to increase cooling fabrics market size in coming years. Synthetic fabrics materials include nylon, polyester, rayon and spandex. According to Textile Exchange, more than 65% accounted for synthetic fiber in the global fiber production market. 
  • The increasing demand for knitted fabric in a range of applications, such as fashion and apparel. Knitted fabric is having a high degree of elasticity and is more comfortable compared to others fabrics.
  • Growing demand for cooling fabrics in sports apparel is the key factor accelerating the market growth as it easily eliminates sweat from wearable clothes and shoes.

Figure: Cooling Fabrics Market Revenue Share, By Geography, 2021 (%)


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Cooling Fabrics Market Segment Analysis – by Type

The synthetic segment held the largest Cooling Fabrics Market share in 2021, followed by natural fabrics and is estimated to grow at a CAGR of 6.5% during the forecast period 2022-2027. Synthetic fabrics such as nylon, polyester and rayon are fibers made through chemical synthesis. The synthetic fabrics market shows growth across the globe as growth in sports apparel and protective wearing. Thus, the growth in applications with the use of synthetic fabrics is boosting the growth and is expected to account for significant cooling fabrics market share.

Cooling Fabrics Market Segment Analysis – by Application

The sports apparel segment is expected to grow at the fastest CAGR of 6.7% during the forecast period in the Cooling Fabrics Market. Sports apparel application is growing due to growth in health awareness and the rise in adoption of fitness activities which include running, swimming, aerobics and yoga. Cooling fabrics protect sports people from the environment by keeping the body cool, driving the demand for the sports apparel fabrics market. Nylon, polyester and rayon are commonly used in sports apparel. According to the India Brand Equity Foundation, the Indian sporting apparel market was US$14 billion in 2020 and is expected to reach an estimated value of US$21 billion by 2023 with a CAGR of 14.5%. Thus, the growth in sports apparel applications is boosting the growth of the cooling fabrics market.

Cooling Fabrics Market Segment Analysis – by Geography

North America held the largest Cooling Fabrics market share in 2021 up to 36.2%. Cooling fabrics is an innovative product that provides cooling, warmth, feels comfortable, circulation of evaporation and regulates evaporating and soft texture. Growing physical activities and sports in the USA is the key driving factor for the growth of cooling fabrics in the North American market. After the 2020 pandemic, the demand for fitness, sports and leisure activities is rising due to health awareness among the population. For instance, according to the World Federation of Sporting Goods Industry, the United States contributed around 36% to the global sportswear market. Thus, the growth in North American sportswear in this region also boosts the growth of the cooling fabrics market.

Cooling Fabrics Market Drivers

Growth in Sporting Apparel Market:

Sportswear or apparel includes clothing and footwear, worn for physical or sports exercise. People are adopting physical activities for health-conscious such as cycling, exercising, yoga and other sports to stay healthy. The rising number of health-conscious people/ population leads to interest in sports and will drive the demand for different types of sporting goods and equipment which will ultimately lead to rising demand in the cooling fabrics market. For instance, according to China’s Ministry of Industry and Information Technology, in 2020, textile and garment exports from China increased by 9.6% to US$291.22 billion. Also, according to the US Department of Commerce, in January-September 2021, apparel exports increased by 28.94% to US$4.385 billion, while textile mill products rose 17.31% to US$12.365 billion. Thus, the global growth in demand for sporting apparel is propelling the growth and is expected to account for a significant share of the cooling fabrics market size.

Government Encouraging Participation in Sports:

Government support is becoming a crucial role in healthier and getting involved in sports. Also, by promoting young talent, countries are hoping to assist a more active lifestyle that will have far-reaching positive effects. This will drive the growth of the cooling fabrics industry. There is a rising number of sporting events across the globe and these activities are projected to encourage more people to participate in various sports, thus propelling demand for fabrics in sports as well as cooling fabrics market. For instance, India’s International Olympic Committee launched the first Olympic Value Education Programme (OVEP) at Odisha, India. This will help children to learn sports with education and it facilitated around 32,000 children to enroll in 90 schools in the first year of commencement. Thus, the government encouraging sports is boosting the growth of the cooling fabrics industry.

Cooling Fabrics Market Challenge

High Material Cost and Low Penetration:

The key challenges preventing the growth of the cooling fabrics market are high cost, domination of traditional fabrics in sports, lifestyle and protective wearing, particularly in developing and under-developed countries is hampering growth of the cooling fabrics market. The cost of cooling fabrics is more when compared to the normal wear fabrics. As per textile technology, the cost of cooling fabrics is more than double as compared to standard fabrics as it needs research and development and lightweight materials for manufacturing cooling fabrics. Low penetration in the cooling fabrics market due to lack of awareness and resources within the industry, particularly in developing nations. Thus, the adverse impact of the cooling fabrics industry may hamper the market growth.

Cooling Fabrics Industry Outlook

The top 10 companies in the Cooling Fabrics Market are -

  1. Tex-Ray Industrial
  2. NILIT
  3. AHLSTROM-MUNKSJÖ
  4. Nan Ya Plastics
  5. Formosa Taffeta
  6. Coolcore LLC
  7. Polartec
  8. Hexarmor
  9. Nanostitch
  10. Asahi Kasei Corporation

Recent Developments

  • In April 2022, LifeLabs launched a cool T-shirt with sustainable fabric. This T-shirt is made from recycled materials which makes them more effective in cooling with less environmental impact. 
  • In May 2020, H&M launched a new collection based on Coolmax technology. This new collection wicks moisture and keeps the body dry and cool. The Coolmax technology allows air to pass and move the moisture from the fabric.
  • In December 2020, Brr launched Brr Pro, a cooling fabric. This product is specially made for the athletic and fitness market. This product helps to athletes to perform their best and speedy recovery.

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1. Cooling Fabrics Market - Market Overview
    1.1 Definitions and Scope
2. Cooling Fabrics Market - Executive Summary
    2.1 Key Trends by Type
    2.2 Key Trends by Textile Type
    2.3 Key Trends by Product Type
    2.4 Key Trends by End-users
    2.5 Key Trends by Application
    2.6 Key Trends by Geography
3. Cooling Fabrics Market – Comparative analysis
    3.1 Market Share Analysis - Major Companies
    3.2 Product Benchmarking - Major Companies
    3.3 Top 5 Financials Analysis
    3.4 Patent Analysis - Major Companies
    3.5 Pricing Analysis (ASPs will be provided)
4. Cooling Fabrics Market - Startup companies Scenario Premium Premium
    4.1 Major startup company analysis:
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Product portfolio
        4.1.4 Venture Capital and Funding Scenario
5. Cooling Fabrics Market – Industry Market Entry Scenario PremiumPremium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing Business Index
    5.3 Successful Venture Profiles
    5.4 Customer Analysis – Major companies
6. Cooling Fabrics Market- Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porter's Five Force Model
        6.3.1 Bargaining Power of Suppliers
        6.3.2 Bargaining Powers of Buyers
        6.3.3 Threat of New Entrants
        6.3.4 Competitive Rivalry
        6.3.5 Threat of Substitutes
7. Cooling Fabrics Market – Strategic Analysis
    7.1 Value/Supply Chain Analysis
    7.2 Opportunity Analysis
    7.3 Product/Market Life Cycle
    7.4 Distributor Analysis – Major Companies
8. Cooling Fabrics Market – by Type (Market Size - US$Million/Billion)
    8.1 Synthetic
    8.2 Natural
9. Cooling Fabrics Market – by Textile Type (Market Size - US$Million/Billion)
    9.1 Woven
    9.2 Non-Woven
    9.3 Knitted
10. Cooling Fabrics Market – by Product Type (Market Size - US$Million/Billion)
    10.1 Athletic
    10.2 Non-Athletic
11. Cooling Fabrics Market – by Application (Market Size - US$Million/Billion)
    11.1 Sports Apparel
        11.1.1 Shoes
        11.1.2 Clothes
    11.2 Lifestyle
    11.3 Protective Wearing
        11.3.1 Body Suits
        11.3.2 Jackets
        11.3.3 Vests
        11.3.4 Aprons
        11.3.5 Others
    11.4 Others
12. Cooling Fabrics Market – by End-users (Market Size - US$Million/Billion)
    12.1 Men
    12.2 Women
    12.3 Children
13. Cooling Fabrics Market - by Geography (Market Size - US$Million/Billion)
    13.1 North America
        13.1.1 the USA
        13.1.2 Canada
        13.1.3 Mexico
    13.2 Europe
        13.2.1 the UK
        13.2.2 Germany
        13.2.3 France
        13.2.4 Italy
        13.2.5 the Netherlands
        13.2.6 Spain
        13.2.7 Belgium
        13.2.8 Rest of Europe
    13.3 Asia-Pacific
        13.3.1 China
        13.3.2 Japan
        13.3.3 India
        13.3.4 South Korea
        13.3.5 Australia and New Zeeland
        13.3.6 Indonesia
        13.3.7 Taiwan
        13.3.8 Malaysia
        13.3.9 Rest of APAC
    13.4 South America
        13.4.1 Brazil
        13.4.2 Argentina
        13.4.3 Colombia
        13.4.4 Chile
        13.4.5 Rest of South America
13.5 Rest of the World
    13.5.1 the Middle East
    13.5.2 Africa
14. Cooling Fabrics Market – Entropy
    14.1 New Product Launches
    14.2 M&As, Collaborations, JVs and Partnerships
15. Cooling Fabrics Market – Industry/Competition Segment AnalysisPremium
    15.1 Company Benchmarking Matrix – Major Companies
    15.2 Market Share at Global Level - Major companies
    15.3 Market Share by Key Region - Major companies
    15.4 Market Share by Key Country - Major companies
    15.5 Market Share by Key Product Type/Product category - Major companies
16. Cooling Fabrics Market – Key Company List by Country Premium Premium
17. Cooling Fabrics MarketCompany Analysis - Business Overview, Product Portfolio, Financials and Developments
    17.1 Company 1
    17.2 Company 2
    17.3 Company 3
    17.4 Company 4
    17.5 Company 5
    17.6 Company 6
    17.7 Company 7
    17.8 Company 8
    17.9 Company 9
    17.10 Company 10 and more
* "Financials would be provided to private companies on best-efforts basis."
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LIST OF TABLES

1.Global Cooling Fabrics Market By Type Market 2019-2024 ($M)
1.1 Cooling Fabrics Market By Type Market 2019-2024 ($M) - Global Industry Research
1.2 Cooling Fabrics Market By Type Market 2019-2024 ($M) - Global Industry Research
1.3 Cooling Fabrics Market By Type Market 2019-2024 ($M) - Global Industry Research
2.Global Cooling Fabrics Market By Technology Market 2019-2024 ($M)
2.1 Cooling Fabrics Market By Technology Market 2019-2024 ($M) - Global Industry Research
2.2 Market Share Analysis Market 2019-2024 ($M) - Global Industry Research
2.3 Market Development Analysis Market 2019-2024 ($M) - Global Industry Research
2.4 Recent Developments Market 2019-2024 ($M) - Global Industry Research
2.4.1 Acquisitions Market 2019-2024 ($M)
2.4.2 New Product Launches Market 2019-2024 ($M)
2.4.3 Expansions Market 2019-2024 ($M)
3.Global Cooling Fabrics Market By Type Market 2019-2024 (Volume/Units)
3.1 Cooling Fabrics Market By Type Market 2019-2024 (Volume/Units) - Global Industry Research
3.2 Cooling Fabrics Market By Type Market 2019-2024 (Volume/Units) - Global Industry Research
3.3 Cooling Fabrics Market By Type Market 2019-2024 (Volume/Units) - Global Industry Research
4.Global Cooling Fabrics Market By Technology Market 2019-2024 (Volume/Units)
4.1 Cooling Fabrics Market By Technology Market 2019-2024 (Volume/Units) - Global Industry Research
4.2 Market Share Analysis Market 2019-2024 (Volume/Units) - Global Industry Research
4.3 Market Development Analysis Market 2019-2024 (Volume/Units) - Global Industry Research
4.4 Recent Developments Market 2019-2024 (Volume/Units) - Global Industry Research
4.4.1 Acquisitions Market 2019-2024 (Volume/Units)
4.4.2 New Product Launches Market 2019-2024 (Volume/Units)
4.4.3 Expansions Market 2019-2024 (Volume/Units)
5.North America Cooling Fabrics Market By Type Market 2019-2024 ($M)
5.1 Cooling Fabrics Market By Type Market 2019-2024 ($M) - Regional Industry Research
5.2 Cooling Fabrics Market By Type Market 2019-2024 ($M) - Regional Industry Research
5.3 Cooling Fabrics Market By Type Market 2019-2024 ($M) - Regional Industry Research
6.North America Cooling Fabrics Market By Technology Market 2019-2024 ($M)
6.1 Cooling Fabrics Market By Technology Market 2019-2024 ($M) - Regional Industry Research
6.2 Market Share Analysis Market 2019-2024 ($M) - Regional Industry Research
6.3 Market Development Analysis Market 2019-2024 ($M) - Regional Industry Research
6.4 Recent Developments Market 2019-2024 ($M) - Regional Industry Research
6.4.1 Acquisitions Market 2019-2024 ($M)
6.4.2 New Product Launches Market 2019-2024 ($M)
6.4.3 Expansions Market 2019-2024 ($M)
7.South America Cooling Fabrics Market By Type Market 2019-2024 ($M)
7.1 Cooling Fabrics Market By Type Market 2019-2024 ($M) - Regional Industry Research
7.2 Cooling Fabrics Market By Type Market 2019-2024 ($M) - Regional Industry Research
7.3 Cooling Fabrics Market By Type Market 2019-2024 ($M) - Regional Industry Research
8.South America Cooling Fabrics Market By Technology Market 2019-2024 ($M)
8.1 Cooling Fabrics Market By Technology Market 2019-2024 ($M) - Regional Industry Research
8.2 Market Share Analysis Market 2019-2024 ($M) - Regional Industry Research
8.3 Market Development Analysis Market 2019-2024 ($M) - Regional Industry Research
8.4 Recent Developments Market 2019-2024 ($M) - Regional Industry Research
8.4.1 Acquisitions Market 2019-2024 ($M)
8.4.2 New Product Launches Market 2019-2024 ($M)
8.4.3 Expansions Market 2019-2024 ($M)
9.Europe Cooling Fabrics Market By Type Market 2019-2024 ($M)
9.1 Cooling Fabrics Market By Type Market 2019-2024 ($M) - Regional Industry Research
9.2 Cooling Fabrics Market By Type Market 2019-2024 ($M) - Regional Industry Research
9.3 Cooling Fabrics Market By Type Market 2019-2024 ($M) - Regional Industry Research
10.Europe Cooling Fabrics Market By Technology Market 2019-2024 ($M)
10.1 Cooling Fabrics Market By Technology Market 2019-2024 ($M) - Regional Industry Research
10.2 Market Share Analysis Market 2019-2024 ($M) - Regional Industry Research
10.3 Market Development Analysis Market 2019-2024 ($M) - Regional Industry Research
10.4 Recent Developments Market 2019-2024 ($M) - Regional Industry Research
10.4.1 Acquisitions Market 2019-2024 ($M)
10.4.2 New Product Launches Market 2019-2024 ($M)
10.4.3 Expansions Market 2019-2024 ($M)
11.APAC Cooling Fabrics Market By Type Market 2019-2024 ($M)
11.1 Cooling Fabrics Market By Type Market 2019-2024 ($M) - Regional Industry Research
11.2 Cooling Fabrics Market By Type Market 2019-2024 ($M) - Regional Industry Research
11.3 Cooling Fabrics Market By Type Market 2019-2024 ($M) - Regional Industry Research
12.APAC Cooling Fabrics Market By Technology Market 2019-2024 ($M)
12.1 Cooling Fabrics Market By Technology Market 2019-2024 ($M) - Regional Industry Research
12.2 Market Share Analysis Market 2019-2024 ($M) - Regional Industry Research
12.3 Market Development Analysis Market 2019-2024 ($M) - Regional Industry Research
12.4 Recent Developments Market 2019-2024 ($M) - Regional Industry Research
12.4.1 Acquisitions Market 2019-2024 ($M)
12.4.2 New Product Launches Market 2019-2024 ($M)
12.4.3 Expansions Market 2019-2024 ($M)
13.MENA Cooling Fabrics Market By Type Market 2019-2024 ($M)
13.1 Cooling Fabrics Market By Type Market 2019-2024 ($M) - Regional Industry Research
13.2 Cooling Fabrics Market By Type Market 2019-2024 ($M) - Regional Industry Research
13.3 Cooling Fabrics Market By Type Market 2019-2024 ($M) - Regional Industry Research
14.MENA Cooling Fabrics Market By Technology Market 2019-2024 ($M)
14.1 Cooling Fabrics Market By Technology Market 2019-2024 ($M) - Regional Industry Research
14.2 Market Share Analysis Market 2019-2024 ($M) - Regional Industry Research
14.3 Market Development Analysis Market 2019-2024 ($M) - Regional Industry Research
14.4 Recent Developments Market 2019-2024 ($M) - Regional Industry Research
14.4.1 Acquisitions Market 2019-2024 ($M)
14.4.2 New Product Launches Market 2019-2024 ($M)
14.4.3 Expansions Market 2019-2024 ($M)

LIST OF FIGURES

1.US Cooling Fabrics Market Revenue, 2019-2024 ($M)
2.Canada Cooling Fabrics Market Revenue, 2019-2024 ($M)
3.Mexico Cooling Fabrics Market Revenue, 2019-2024 ($M)
4.Brazil Cooling Fabrics Market Revenue, 2019-2024 ($M)
5.Argentina Cooling Fabrics Market Revenue, 2019-2024 ($M)
6.Peru Cooling Fabrics Market Revenue, 2019-2024 ($M)
7.Colombia Cooling Fabrics Market Revenue, 2019-2024 ($M)
8.Chile Cooling Fabrics Market Revenue, 2019-2024 ($M)
9.Rest of South America Cooling Fabrics Market Revenue, 2019-2024 ($M)
10.UK Cooling Fabrics Market Revenue, 2019-2024 ($M)
11.Germany Cooling Fabrics Market Revenue, 2019-2024 ($M)
12.France Cooling Fabrics Market Revenue, 2019-2024 ($M)
13.Italy Cooling Fabrics Market Revenue, 2019-2024 ($M)
14.Spain Cooling Fabrics Market Revenue, 2019-2024 ($M)
15.Rest of Europe Cooling Fabrics Market Revenue, 2019-2024 ($M)
16.China Cooling Fabrics Market Revenue, 2019-2024 ($M)
17.India Cooling Fabrics Market Revenue, 2019-2024 ($M)
18.Japan Cooling Fabrics Market Revenue, 2019-2024 ($M)
19.South Korea Cooling Fabrics Market Revenue, 2019-2024 ($M)
20.South Africa Cooling Fabrics Market Revenue, 2019-2024 ($M)
21.North America Cooling Fabrics By Application
22.South America Cooling Fabrics By Application
23.Europe Cooling Fabrics By Application
24.APAC Cooling Fabrics By Application
25.MENA Cooling Fabrics By Application
26.Coolcore LLC, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Invista, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Ahlstrom, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Nilit, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Polartec, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Nan Ya Plastics, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Ventex Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Hexarmor, Sales /Revenue, 2015-2018 ($Mn/$Bn)