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.
Browse full report by Grand View
Research : 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.
Browse more reports of this category by Grand View
Research: http://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
View
Press Release of this research report by Grand View Research : http://www.grandviewresearch.com/press-release/global-cooling-fabrics-market
About
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.
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: www.grandviewresearch.com
