Cooling Fabrics: Sizing Up the Industry and Exploring Future Scope

The cooling fabrics market is projected to grow from USD 2.4 billion in 2023 to USD 3.6 billion by 2028, at a CAGR of 7.7% from 2023 to 2028. Increasing usage of cooling fabrics in sports apparel owing to their their ability to enhance performance, improve comfort, and regulate body temperature during physical activity is expected to drive the growth of the market.

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Based on type, the synthetic segment is projected to be the largest segment during 2023 to 2028. Synthetic cooling fabrics are designed with mesh panels, perforations, or engineered microstructures that offer smooth texture, enhanced breathability, and promote airflow. This helps in heat dissipation and air circulation, aiding the cooling effect, which contributes to the continued preference for synthetic cooling fabrics in various sectors.

Based on textile type, the knitted segment is projected to be the fastest-growing segment during 2023 to 2028. Knitted cooling fabrics are textiles manufactured through the knitting process. These fabrics are known for their stretchability, breathability, and flexibility, making them popular choices for cooling applications. Thus, the combination of breathability, moisture-wicking, stretch, and comfort makes knitted cooling fabrics an excellent choice for individuals seeking optimal cooling and performance in their clothing.  

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Based on application, sports apparel segment is estimated to be the fastest growing segment during the forecast period. The growth of this segment can be attributed to the increasing use of self-cooling fabrics in sporting activities. Cooling fabrics absorb heat in the form of sweat from the human body, thus providing a cooling effect to the person wearing them. These cooling fabrics also increase breathability, letting the heat escape and offering the wearers a comfortable feel without hampering their performance.

Based on region, North America is projected to be the largest region for cooling fabrics market during 2023 to 2028. Presence of large number players in the region increases the focus on developing innovative products as to widen their product portfolios and offer advanced products. The major drivers of the North American cooling fabrics market are the advancements in technology and the presence of a wide range of end-use application markets. These factors expected to drive the North America cooling fabrics market during the forecast period.

Major players operating in the cooling fabrics market include Coolcore (US), Nan Ya Plastics (Taiwan), Ahlstrom (Finland), NILIT (Israel), and Polartec (US). The companies have wide-spread manufacturing facilities with an established portfolio of cooling fabrics, a robust market presence, and strong business strategies. These factors are attributed to their progression in cooling fabrics market.