Global Cooling Fabrics Market is segmented By Product Type (Synthetic Cooling Fabrics, Natural Cooling Fabrics), By Textile Type (Woven, Nonwoven, Knitted), By Technology (Active Cooling Fabrics, Passive Cooling Fabrics), By Application (Sports Apparel, Lifestyle, Protective Wearing, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031
Market Overview
Global Cooling Fabrics Market reached USD 2.4 Billion in 2022 and is expected to reach USD 4.6 Billion by 2030, growing with a CAGR of 8.5%during the forecast period 2024-2031. Demand from Sports Apparel sector in North America is booming. Competitive rivalry intensifies with Ahlstrom-Munksjö, Nan Ya Plastics Corporation, Asahi Kasei Corporation and others operating in the market.
Cooling fabrics are the fabrics that can easily adapt to the environment and regulates temperature by managing heat and moisture. These fabrics help in managing the comfortable body temperature and distributing body heat during physical performance and hot weather. The cooling fabrics provide a comfortable, cool, and soft texture to the skin. These fabrics are useful for evaporating the evaporate sweat and protecting the fabric to stick to the body.
Market Summary
| Metrics | Details |
| Market CAGR | 8.5% |
| Segments Covered | By Product Type, By Textile Type, By Technology, By Application and By Region |
| Report Insights Covered | Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights. |
| Fastest Growing Region | Asia Pacific |
| Largest Market Share | North America |
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Market Dynamics
The cooling fabric market is driven by the rising demand for cooling fabrics due to their temperature regulation, wrinkle-free texture, moisture-wicking, and quick-drying properties. There is a shift in the consumer preference from conventional clothing materials to comfortable clothing materials including cooling fabrics with growing extremely hot climatic conditions in several countries. The people are favoring cooling fabrics for ensuring proper body temperature and avoiding any health issue that occurred due to the extremely hot environment.
There is a rise in the increase in the launch of novel cooling fabrics with advanced technologies. For instance, in June 2017, Coolcore had launched its first comprehensive apparel collection featuring chemical-free cooling fabrics. The line incorporates Coolcore’s patented thermoregulation technology into unique, performance-ready designs with supreme comfort and flattering fits. It includes men’s and women’s technical tops and bottoms. In April 2018, HeiQ had launched an upgraded version of its popular dynamic cooling technology HeiQ Smart Temp., which is based on an instant cooling hydro functional polymer. This patent-pending technology provides activated cooling to the wearer for enhanced performance and thermal comfort. Inhouse thermoregulation performance measurements of a treated fabric revealed a 1.5°C to 2.5°C (2.7°F to 4.5°F) cooler skin temperature compared to an untreated fabric.
Several organizations, institutes, and associations are receiving grants for the development of cooling fabrics. For instance, in June 2015, The University of California had received a grant of USD 2.6 million from the United States Department of Energy’s Advanced Research Projects Agency-Energy (ARPA-E) for the development of the smart fabric that could potentially reduce heating and air conditioning bills for buildings and homes.
However, the market is hindered by the high prices of the cooling fabrics due to exhaustive research and development activities including the use of high-end materials, such as nanomaterials and nanoporous polyethylene for developing the cooling fabrics. Thus, the people in several countries especially in developing and underdeveloped countries not able to afford these cooling fabrics. The lack of awareness regarding the cooling fabrics could hurt the market.
Market Segmentation Analysis
The cooling fabrics market is segmented based on product type as synthetic cooling fabrics, and natural cooling fabrics. The synthetic cooling fabrics segment accounts for the highest market share due to the higher penetration of the synthetic cooling fabrics in the sports and medical industries due to its better moisture-wicking properties, greater strength, and enhanced performance. It is highly efficient in providing the enhanced cooling effect to the wearer in comparison to the natural cooling fabrics. The synthetic cooling fabrics are made up of synthetic fibers such as nylon, polyester, and spandex. The synthetic cooling fabrics are most suitable for outdoor sports activities as these fabrics help to regulate the temperature through the superior evaporative characteristics. The synthetic cooling fabrics possess properties including high strength, endurance, high elasticity, and smooth texture. It is further expected that the synthetic cooling fabrics segment would be the highest growing segment over the forecasted period due to the ease of availability of the raw materials and cost-effectiveness for producing the synthetic cooling fabrics.
The natural cooling fabrics segment is expected to have positive market growth due to the growing environmental concerns. The natural cooling fabrics possess high breathability, biodegradability, and inherent ventilation properties. The high cost and less durability in comparison to the synthetic cooling fabrics shall hinder the market growth over the forecasted period.
Further, the cooling fabrics market is also classified based on application as sports apparel, lifestyle, protective wearing, and others. The sports apparel segment accounts for the highest market share due to the increasing usage of the cooling fabrics for performing sports activities as the cooling fabrics have excellent strength, high elasticity, and smooth texture. The cooling fabrics are effective in increasing the skin breathability of the wearer by quickly escaping the heat from the body and providing a cooling and comfortable effect to the wearer while performing the sports activities. These fabrics help in regulating the temperature and wicking the moistures quickly.
Market Geographical Share
By region, the cooling fabrics market is segmented into North America, South America, Europe, Asia-Pacific, Middle-East, and Africa. Among all of the regions, North America dominated the cooling fabrics market due to the higher adoption of smart cooling fabrics in the sports sector. There is the presence of several companies involved in the manufacture of the cooling fabrics. The majority of companies are shifting their focus on developing performance-oriented products for meeting the rising consumers' requirements and demands for cooling fabrics. Several organizations, institutes, and associations are involved in developing technologically advanced cooling fabrics. For instance, in February 2019, the University of Maryland had developed a fabric that can automatically regulate the amount of heat that passes through it. The fabric allows the infrared radiation (heat) to pass through whenever the conditions are warm and moist and reduce the heat that escapes whenever the conditions are cooler and drier. The fabric is developed by using specially engineered yarn coated with a conductive metal. Under hot, humid conditions, the strands of yarn compact and activate the coating, which changes the way the fabric interacts with infrared radiation. It is further expected that North America would maintain its dominant market position over the forecasted period.
The Asia-Pacific region is expected to have significant market growth owing to the increasing research and development activities for smart and intelligent cooling fabrics along with the growing trend of the consumers towards fitness and health consciousness. These smart and intelligent cooling fabrics help in keeping the body cool, evaporates sweat, and protects against heat stress. The drastic market growth is expected to be observed in developing countries such as India, and China as several companies are shifting their manufacturing base and facilities in these countries due to the presence of cheap and skilled labor. The rising sports and leisure activities among the consumers shall further boost the market demand for cooling fabrics.
Companies and Competitive Landscape
The cooling fabrics market is highly competitive with the presence of several international and local market players. Several new companies are entering the market due to the presence of low market entry barriers. The product diversification, technological advancement, revenue generation, and opportunities intensify the market competition. Coolcore, Ahlstrom-Munksjö, NILIT Ltd., Cooper Surgical, Inc, Nan Ya Plastics Corporation, Tex-Ray Industrial Co., Ltd., Tehrani Industrial Group, and Asahi Kasei Corporation are the leading market players with significant market share. In 2015, Coolcore had received the award for 2015 Best Innovation – Sports and Outdoor Apparel for its patented line of cooling fabrics, from the ITMA Future Materials Award.
Companies are using novel product launches, technological advancement, new product development, patent filing, and market expansion strategies for holding their position in the market. For instance, in September 2014, Garmatex Technologies Inc. had launched the IceSkin technology, an advanced cooling fabric designed for helping the wearers function in extreme weather conditions by regulating body temperature. IceSkin uses natural jade minerals in combination with Garmatex’s CoolSkin quick-dry, microfiber filaments to harness the cooling effects of the body’s perspiration and optimize comfort by lowering the skin’s surface temperature. Sunrays reflect off the jade minerals to deflect thermal energy away from the body, thus enhancing the cooling process as well as offering a high rate of UV protection.
In October 2015, United States Patent and Trademark Office (USPTO) had issued the patent to Coolcore with patent application number “9,121,642” for “Method of Cooling an Object with a Fabric. The patent covers the activation that includes wetting the item, wringing out excess liquid, and snapping or waving the fabric to activate the moisture control through the fabric.
The companies are entering into collaborations, mergers, strategic partnerships, and acquisitions to increase the demand for Cooling Fabrics Market and their expansion across the globe. For instance, in January 2016, Coolcore LLC had acquired all of Tempnology’s assets and intellectual property. Tempnology had developed a unique fabric that helps regulate the body temperature of the person wearing it. Its primary efforts consist of sublimation, printing, and life-improving innovations through advanced technology for temperature regulation.
The companies are raising investment and funding for the development of cooling fabrics. For instance, in March 2019, brrr°, an Atlanta-based startup that develops textiles that keep you cool, had raised USD 3 million in a recent funding round. This funding would be used for the development of the new products that are proven to keep one cooler.
Why Purchase the Report?
- Visualize the composition of the cooling fabrics market products in terms of product type, textile type, technology, and application highlighting the critical commercial assets and players.
- Identify commercial opportunities in the cooling fabrics market by analyzing trends and co-development deals.
- Excel data sheet with thousands of data points of global cooling fabrics market-level 4/5 segmentation.
- PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
Target Audience 2024
- Industry Investors/Investment Bankers
- Suppliers/Buyers
- Education & Research Institutes
- Manufacturers
- Research Professionals
- Emerging Companies
- Distributors
**The global cooling fabrics market report will provide access to approximately 53 Market data tables, 44 figures, and 180 pages
