Cooling Fabrics Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The report covers the Global Cooling Fabrics Market Share. It is segmented by Type (Natural and Synthetic), Fabric Type (Woven, Non-woven, and knitted), Application (Sports Wear, Protective Wear, Apparels and Other Types), and Geography (Asia-Pacific, North America, South America, Europe, and Middle East & Africa). For each segment, the market sizing and forecasts have been done on the basis of value (USD).

Cooling Fabrics Market Size

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Cooling Fabrics Market Summary
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Study Period 2019 - 2029
Market Size (2024) USD 2.42 Billion
Market Size (2029) USD 3.43 Billion
CAGR (2024 - 2029) 7.21 %
Fastest Growing Market Asia Pacific
Largest Market North America

Major Players

Cooling Fabrics Market Players

*Disclaimer: Major Players sorted in no particular order

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Cooling Fabrics Market Analysis

The Cooling Fabrics Market size is estimated at USD 2.42 billion in 2024, and is expected to reach USD 3.43 billion by 2029, growing at a CAGR of 7.21% during the forecast period (2024-2029).

The market was negatively impacted by COVID-19 in 2020, as the outbreak halted production activities and restricted the mobility of textile goods. The pandemic caused a delay in textile production due to containment measures and economic disruptions. Currently, the market has recovered from the pandemic and is growing at a significant rate. However, the market reached pre-pandemic levels in 2022 and is expected to grow steadily in the future.

  • Sportswear application is the largest consumer of cooling fabrics, owing to their features like thermoregulation and the comfort of the fabric. The increasing demand for cooling fabric for sportswear applications has been a driving factor for the studied market.
  • The higher cost of the cooling fabric compared to traditional fabric stands as one of the major factors hindering the market growth.
  • However, the increasing use of cooling fabrics in defense, healthcare, and medical sectors is expected to provide opportunities for the market to flourish.
  • The North American region dominated the market worldwide, with countries like the United States and Canada being the biggest consumers.

Cooling Fabrics Market Trends

Increasing Demand from Sportswear Application

  • Sportswear is the major application segment for the cooling fabrics market. These fabrics are highly used in sportswear applications owing to their cooling characteristics, excellent strength, high elasticity, and smooth texture.
  • Cooling fabrics used in sports apparel provide increased comfort to sports persons during physical activities that are designed for specific sports such as cycling, running, and basketball, among others.
  • Further, the increasing focus on sports and personal fitness activities, along with surging technological advancement to develop more efficient cooling fabrics are anticipated to boost the market growth over the forecast period.
  • The sports apparel market globally has been growing steadily year on year. The United States has a significantly large sports apparel market. According to the Skills Framework for the Information Age (SFIA), the wholesale sales of athletic apparel accounted for about USD 45 billion, reflecting an increase of 6.4 % in 2022 compared to the previous year.
  • Therefore, all such factors mentioned above are expected to play an instrumental role in driving the demand for the cooling fabrics market from the sportswear segment over the forecast period.
Cooling Fabrics Market - Wholesale Sales of Sports Apparel, Value in USD Billion, United States, 2019-2022

North America to Dominate the Market

  • The North American region dominated the global cooling fabric market in terms of demand, owing to increasing consumption of sportswear, protective wear, and apparel, among others.
  • The presence of major cooling fabrics manufacturing companies has helped the North American region to develop into the largest market.
  • Sports products manufacturers in the United States have been shifting their focus more towards performance-oriented products in order to meet consumer requirements in the country over the past few years.
  • In Canada, according to Trendex North America, the market value of the athletic leisure apparel market in the country is forecasted to reach nearly USD 3.6 billion by 2024.
  • Further, the United States is a globally competitive manufacturer of textiles, including fabrics, apparel, and other textile-finished products. The United States imports of textiles and apparel have continued to grow in value terms and rose by 16.03% to USD 132.20 billion in 2022, compared to USD 113.94 billion in 2021, as per the latest Major Shippers Report released by the US Department of Commerce.
  • Therefore, all such aforementioned factors are expected to have a positive influence on the demand for cooling fabric market in North America over the forecast period.
Cooling Fabrics Market - Growth Rate by Region

Cooling Fabrics Industry Overview

The Cooling Fabrics Market is partially fragmented in nature. The major players in the studied market (not in any particular order) include Asahi Kasei Corporation, Coolcore, NAN YA PLASTICS CORPORATION, NILIT, and Polartec, among others.

Cooling Fabrics Market Leaders

  1. Asahi Kasei Corporation

  2. Coolcore

  3. Polartec

  4. NILIT

  5. NAN YA PLASTICS CORPORATION

*Disclaimer: Major Players sorted in no particular order

Cooling Fabrics Market Concentration
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Cooling Fabrics Market News

  • January 2023: NILIT launched a new version of SENSIL EcoCare recycled Nylon 6.6 manufactured completely from US materials at its North American facility in Martinsville, VA.
  • March 2023: NILIT earned the International Sustainability and Carbon Certification Plus system (ISCC+) accreditation for its primary brand SENSIL ByNature, which manufactures cooling fabrics.

Cooling Fabrics Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Growing Demand for Synthetic Fabrics

      2. 4.1.2 Increasing Demand for Sportwear Fabrics

      3. 4.1.3 Other Drivers

    2. 4.2 Restraints

      1. 4.2.1 High Cost of Cooling Fabrics

      2. 4.2.2 Other Restraints

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Buyers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION (Market Size in Value)

    1. 5.1 Type

      1. 5.1.1 Natural

      2. 5.1.2 Synthetic

    2. 5.2 Fabric Type

      1. 5.2.1 Woven

      2. 5.2.2 Non-woven

      3. 5.2.3 Knitted

    3. 5.3 Application

      1. 5.3.1 Sportswear

      2. 5.3.2 Protective Wear

      3. 5.3.3 Apparels

      4. 5.3.4 Others (Medical, etc.)

    4. 5.4 Geography

      1. 5.4.1 Asia-Pacific

        1. 5.4.1.1 China

        2. 5.4.1.2 India

        3. 5.4.1.3 Japan

        4. 5.4.1.4 South Korea

        5. 5.4.1.5 Rest of Asia-Pacific

      2. 5.4.2 North America

        1. 5.4.2.1 United States

        2. 5.4.2.2 Canada

        3. 5.4.2.3 Mexico

      3. 5.4.3 Europe

        1. 5.4.3.1 Germany

        2. 5.4.3.2 United Kingdom

        3. 5.4.3.3 Italy

        4. 5.4.3.4 France

        5. 5.4.3.5 Rest of Europe

      4. 5.4.4 South America

        1. 5.4.4.1 Brazil

        2. 5.4.4.2 Argentina

        3. 5.4.4.3 Rest of South America

      5. 5.4.5 Middle East and Africa

        1. 5.4.5.1 Saudi Arabia

        2. 5.4.5.2 South Africa

        3. 5.4.5.3 Rest of Middle East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share (%)**/Ranking Analysis

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Asahi Kasei Corporation

      2. 6.4.2 Balavigna Weaving Mills Pvt. Ltd.

      3. 6.4.3 Burlington

      4. 6.4.4 Columbia Sportswear Company

      5. 6.4.5 Coolcore

      6. 6.4.6 Everest Textile Co., Ltd.

      7. 6.4.7 Formosa Taffeta Co., Ltd.

      8. 6.4.8 HeiQ Materials AG

      9. 6.4.9 NAN YA PLASTICS CORPORATION

      10. 6.4.10 NILIT

      11. 6.4.11 Polartec

      12. 6.4.12 Wilson Fabrics

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Growing Applications in Defense Industry

    2. 7.2 Other Opportunities

**Subject to Availability
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Cooling Fabrics Industry Segmentation

Cooling fabrics are breathable fabric, which allows air to circulate and flow through the fabric. Cooling fabrics absorb heat from the body to help keep the temperature cool. These fabrics are widely used by healthcare professionals, athletes, and others. These fabrics draw moisture away from the body while sweating to help in lowering body temperature and prevent dehydration.

The cooling fabrics market is segmented by type, fabric type, application, and geography. By type, the market is segmented into natural and synthetic. By fabric type, the market is segmented into woven, non-woven, and knitted. By application, the market is segmented into sportswear, protective wear, apparel, and others (medical, etc.). The report also covers the market size and forecasts for the market in 15 countries across the globe. For each segment, the market sizing and forecasts have been done on the basis of value (USD).

Type
Natural
Synthetic
Fabric Type
Woven
Non-woven
Knitted
Application
Sportswear
Protective Wear
Apparels
Others (Medical, etc.)
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle East and Africa
Saudi Arabia
South Africa
Rest of Middle East and Africa
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Cooling Fabrics Market Research FAQs

The Cooling Fabrics Market size is expected to reach USD 2.42 billion in 2024 and grow at a CAGR of 7.21% to reach USD 3.43 billion by 2029.

In 2024, the Cooling Fabrics Market size is expected to reach USD 2.42 billion.

Asahi Kasei Corporation, Coolcore, Polartec, NILIT and NAN YA PLASTICS CORPORATION are the major companies operating in the Cooling Fabrics Market.

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the North America accounts for the largest market share in Cooling Fabrics Market.

In 2023, the Cooling Fabrics Market size was estimated at USD 2.26 billion. The report covers the Cooling Fabrics Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Cooling Fabrics Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Textile Fabrics Industry Report

Statistics for the 2024 Cooling Fabrics market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Cooling Fabrics analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Cooling Fabrics Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)