Cooling fabric is made by the natural or synthetic fibers, especially designed to reduce the temperature of the body by providing ventilation, breathability, and moisture evaporation. Increasing demand for cooling fabrics for various applications such as protective apparel and sports apparel is the major factor anticipated to drive the growth of the global cooling fabrics market over the long run. However, the high cost of cooling fabrics may hamper the demand of the products and restrain the growth of the global market in the near future.
The global cooling fabrics market has been segmented on the basis of product type, application, and region. On the basis of product type, the market is segmented into natural and synthetic. Synthetic segment dominates the global market in terms of revenue and expected to witness a significant growth in the near future, owing to easy availability of raw materials and high durability over the natural fiber. In addition, increasing usage of artificial fiber for protective clothing and sports apparels is also boosting the growth of the market.
On the basis of application, the market is segmented into protective apparel, sports apparel, and lifestyle. Currently, sports segment dominating the global market and expected to register a lucrative growth rate over the forecast period, owing to increasing participation in sports and other physical activities.
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Based on the region the target market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is expected to dominate the global market in terms of revenue over the forecast period. Increasing availability of different types of cooling fabrics products owing to presence of key players in the region, anticipated to bolster the growth of the market. Market in Asia Pacific is expected to witness a significant growth in terms of revenue in the near future, due to increasing manufacturing industries and growing retail sector. Middle East and Africa, and Latin America are at a nascent stage and anticipated to register a significant growth rate over the forecast period due to rising disposable income and awareness in the region.
Key players operating in the global cooling fabrics market include Coolcore LLC, Kraton Corporation, INVISTA B.V., Ahlstrom Oyj, Adidas AG, Nike, Inc., Ahlstrom Corporation, NILIT Ltd., Polartec, LLC, and Nan Ya Plastics Corporation.