Cooling Fabrics Market is set to garner staggering revenues by 2025
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 Global Cooling Fabrics Market By Grand View Research:
www.grandviewresearch.com/industry-analysis/cooling-fabrics-market
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:
www.grandviewresearch.com/industry/smart-textiles
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
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Rest
of Europe
- Asia
Pacific
- China
- India
- Japan
- South
Korea
- Rest
of Asia Pacific
- South
& Central America
- The
Middle East and Africa
Access
Press Release Of This Research Report By Grand View Research:
www.grandviewresearch.com/press-release/global-cooling-fabrics-market
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.
For More
Information: www.grandviewresearch.com
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