The cooling fabrics global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Cooling Fabrics Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The cooling fabrics market size has grown rapidly in recent years. It will grow from $2.99 billion in 2023 to $3.29 billion in 2024 at a compound annual growth rate (CAGR) of 10.3%. The growth in the historic period can be attributed to increased sports and outdoor activities, increased focus on health and comfort needs, environmental sustainability, regulatory compliance, and increased research and development.
The cooling fabrics market size is expected to see rapid growth in the next few years. It will grow to $4.98 billion in 2028 at a compound annual growth rate (CAGR) of 10.9%. The growth in the forecast period can be attributed to increasing focus on apparel and fashion trends, urbanization and heat islands, climate change adaptation, increasing use in medical and healthcare applications, and growing e-commerce and online retail. Major trends in the forecast period include sustainable and eco-friendly fabrics, apparel and fashion trends, innovative research and development, technological advancements, cutting edge technological solutions.
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Scope Of Cooling Fabrics Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Cooling Fabrics Market Overview
Market Drivers –
The increasing demand for sports apparel is projected to propel the growth of the cooling fabrics market in the coming years. Sportswear is clothing that is worn during strenuous athletic tasks such as working out or engaging in sports. Sportspeople tend to wear outfits made of cooling fabrics to stay dry when on the field, which enables the wearer to be more relaxed and thus aids success in sporting events. For instance, the global sports apparel industry revenue is expected to increase from $181 billion in 2019 to $208 billion by 2025. Therefore, the increasing demand for sports apparel drives the cooling fabrics market growth.
Market Trends –
Major firms in the cooling fabrics industry are focused on developing technologically advanced solutions for cooling fabrics. For instance, in January 2022, HeiQ, a UK-based chemicals company, launched the HeiQ Cool, a unique textile technology that offers both instant contact and continuous evaporative cooling. This fabric regulates skin temperature with dual cooling: first, by absorbing melting energy for immediate cooling before sweating, then through vaporizing energy, replicating the skin’s natural cooling process for prolonged comfort. This is powered by a biobased thermo-functional polymer that captures heat, providing an immediate cool feeling.
The cooling fabrics market covered in this report is segmented –
1) By Type: Synthetic, Natural
2) By Textile Type: Woven, Nonwoven, Knitted, Other Textile Types
3) By Application: Sports Apparel, Lifestyle, Protective Wearing, Other Applications
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Regional Insights –
North America was the largest region in the cooling fabrics market in 2023. Asia-Pacific is projected to record fastest growth over the forecast period. The regions covered in the cooling fabrics market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Key Companies –
Major companies operating in the cooling fabrics market include Coolcore LLC, Ahlstrom-Munksjö Holding, Polartec LLC, Formosa Taffeta Co Ltd., Hong Li Textile Co Ltd, National Institute of Electronics & Information Technology, Tex-Ray Industrial Co Ltd., Asahi Kasei Corporation, Hexarmor, Invista, Adidas AG, Sun Dream Enterprise Co Ltd., Everest Textile Co Ltd., Nanotex LLC, Singtex Industrial Co Ltd., Nike Inc., Nan Ya Plastics Corporation, Balavigna Weaving Mills Pvt Ltd., Burlington Stores Inc., Columbia Sportswear Company, Heiq Materials AG, Lee Yaw Textile Co Ltd., Libolon, Marcel Liebaert Nv, Patagonia Inc., Technical Absorbents Ltd., Tehrani Industrial Group, VF Corporation, Ventex Co Ltd., Wilson Fabrics, Virul International Pvt Ltd.
Table of Contents
1. Executive Summary
2. Cooling Fabrics Market Report Structure
3. Cooling Fabrics Market Trends And Strategies
4. Cooling Fabrics Market – Macro Economic Scenario
5. Cooling Fabrics Market Size And Growth
…..
27. Cooling Fabrics Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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