Cooling Fabrics Market - Opportunities, Share, Growth and Competitive Analysis and Forecast 2033

According to Fact.MR, a supplier of market research and competitive information, the global Cooling Fabrics Market is expected to grow at an 8.5% CAGR and reach a valuation of US$ 6.2 billion by the end of 2033.

Cooling textiles can be made from synthetic materials. They are a creation that provides a sense, moderate warmth, and a soft texture similar to human skin. These textiles provide additional convenience to customers by boosting perspiration evaporation and avoiding the fabric from adhering to the body. Cooling fabrics' main advantages are their capacity to circulate moisture and regulate evaporation. It is vital to note that these fabrics are not the same as the textiles used to control temperature.

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The expanding global demand for cooling fabrics is being driven by an increased knowledge of the benefits of comfortable clothes. Notably, the sports industries in the United States, China, Brazil, Russia, and Malaysia are rapidly adopting cooling materials. This trend derives from players' rising knowledge of the value of wearing comfortable clothing, which improves their overall comfort levels throughout athletic events. Furthermore, a sizable proportion of sports professionals prefer premium fabrics for their clothing.

Throughout the forecast period, demand for cooling fabrics is expected to rise sharply in emerging economies. This expansion is likely to be driven by causes such as rising economic affluence, changing lifestyles, and a booming sports culture.

Key Takeaways from Market Study

·         By 2023, the global market for cooling fabrics is expected to be worth $2.71 billion.

·         Global demand for cooling fabrics is expected to grow at an 8.5% CAGR until 2033.

·         By the end of 2033, the global market is expected to be worth $6.2 billion.

·         The Chinese market is expected to grow at a CAGR of 4.4% from 2023 to 2033.

·         Under material, the use of synthetic cooling fabrics is expected to increase at a CAGR of 4.6% until 2033.

·         Demand for natural cooling fabrics is expected to grow at a 6% CAGR from 2023 to 2033.

·         North America dominates the cooling fabrics market in 2023, accounting for 38% of the total.

·         Sales of moisture-wicking cooling fabrics are projected to increase at a CAGR of 8.6% through 2033.

“The key driver of market revenue growth is the increased usage of cooling materials in protective wear and athletic gear. Over the projected period, an increase in research & development activities in cooling textiles is expected to fuel worldwide sales growth,” says a Fact.MR analyst.

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Market Competition

The cooling fabric market is highly fragmented, with a small number of large and medium-sized players accounting for the majority of revenue. Major firms are pursuing mergers and acquisitions, strategic partnerships, and the introduction of sophisticated products in order to maintain their position and stay ahead of their competitors.

·         Brrr Pro is a new cooling fabric introduced in December 2020. Textiles with micro-cooling minerals, performance drying, and hyper-wicking strengthen the 'triple chill' effect, providing a refreshing and comfortable experience.

·         Donghua University in China developed a new type of cooling fabric in July 2020 by combining multiple polymers. These materials effectively dissipate heat, wick away perspiration, and deflect outside water.

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More Valuable Insights on Offer 

Fact.MR, in its new offering, presents an unbiased analysis of the global cooling fabrics market, presenting historical demand data for 2018 to 2022 and forecast statistics for 2023 to 2033.

The study divulges essential insights into the market based on material (synthetic, natural), textile type (woven, non-woven, knitted), technology (moisture-wicking, phase change materials [PCM], evaporative cooling, thermo-regulating coatings), and application (sports apparel, protective wearing, lifestyle, medical textiles, home textiles), across five major regions of the world (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa).

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