San Francisco, Nov 08 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 research report on 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
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
Browse press release of this report
by Grand View Research: 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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