The global cooling fabrics market size is expected to be
worth USD 3.24 billion by 2025, according to a new report by Grand View
Research, Inc. Growing focus on fitness, sports, and leisure activities coupled
with increasing health consciousness among the population all around the world
is likely to propel market growth. The innumerable benefits offered by cooling
garments such as moisture wicking, sweat evaporation, breathability, and
ventilation have enhanced their use among the athletes.
The demand for cooling fabrics in military
and industrial applications is increasing owing to their benefits such as
temperature regulation, resistance from harmful UV rays and pollutants, as well
as the protection they provide to the wearer in case of excessive heat
exposure. The augmenting demand from healthcare and fashion industries is
anticipated to accelerate the market growth.
Increasing research & development
activities and various government incentives are projected to accelerate the
production, thereby triggering the market demand. Various EU funded projects
have drawn a large number of manufacturers toward the market for the
development of innovative products in an attempt to stay competitive.
Additionally, these fabrics also address sustainability issues by saving
energy that is required to heat or cool the environment around the wearer.
Sports apparel segment is expected to
account for 44.5% of the global market in 2025. The demand can be attributed to
heat, moisture, and perspiration resistant, light weight, smart, and easy to
carry wearables, which assist in regulating the wearer’s body temperature in
line with the outside temperature. The technological advancements in the
product to enhance the performance of garments are likely to fuel its demand
the forecast period.
North America is the leading market for
cooling fabrics owing to the early adoption and augmenting sports and outdoor
activities in the region. Extensive research and development carried out by
leading manufacturers in countries such as the U.S. and Canada is anticipated
to propel market growth. Technological advancements and innovative product
developments in the region are projected to augment the market demand.
Countries such as Germany, the UK, China, India, and Japan in the European and
Asia Pacific regions are also rapidly developing markets for cooling fabrics.
Full Research Report On Cooling Fabrics Market Analysis:
http://www.grandviewresearch.com/industry-analysis/cooling-fabrics-market
http://www.grandviewresearch.com/industry-analysis/cooling-fabrics-market
Further key findings from the report suggest:
·
The market is expected to
record a CAGR of 11.1% from 2017 to 2025 on account of increasing awareness as
well as health and safety concerns among the consumers. In terms of revenue,
sports apparel segment is expected to denote a CAGR of 11.8% from 2017 to 2025
owing to high product demand from developed as well as emerging countries.
·
North America was valued at USD
557.7 million in 2016 and is expected to witness a significant development on
account of rising demand in sports apparel as well asprotective wear
applications
·
Key market players include
Coolcore LLC; Kraton Corporation; Invista; Ahlstrom Corporation; Nilit Ltd.;
Polartec LLC; Nan Ya Plastics Corporation; Tex-Ray Industrial Co., Ltd.;
Formosa Taffeta Co., Ltd.; HexArmor; Adidas AG; and Nike, Inc. The companies
mainly focus on extensive innovation and increasing their production capacities
to fulfill the worldwide product demand.
View More Reports Of This Category By Grand View Research
At: https://www.grandviewresearch.com/industry/smart-textiles
Grand View Research has segmented the
cooling fabrics market on the basis of type, application, and region:
Type Outlook (Revenue, USD Million; 2014
- 2025)
·
Synthetic
·
Natural
Application Outlook (Revenue, USD Million; 2014 - 2025)
·
Sports Apparel
·
Protective Wear
·
Lifestyle
·
Others
Regional Outlook (Revenue, USD Million; 2014 - 2025)
·
North America
o U.S.
o Canada
o Mexico
·
Europe
o Germany
o UK
o France
o Rest of Europe
·
Asia Pacific
o China
o India
o Japan
o South Korea
o Rest of Asia Pacific
·
South & Central America
·
The Middle East and Africa
Access Full Press Release of this
Report:
https://www.grandviewresearch.com/press-release/global-cooling-fabrics-market
https://www.grandviewresearch.com/press-release/global-cooling-fabrics-market
Grand View
Research
Grand View Research, Inc. is a U.S.
based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, we offer market intelligence studies
ensuring relevant and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.
For more information: https://www.grandviewresearch.com/
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