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.
Access Research Report of 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.
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
·
Europe
·
Asia Pacific
·
South & Central America
·
The Middle East and Africa
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.
For More Information: www.grandviewresearch.com
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