Cooling fabric is a synthetic material that allow the body to cool within this temperature range in an effective way. The Cooling Fabric offers sweat evaporation and breathability, which is burgeoning the demand for sports apparel. In addition, rise in research and development for cooling fabrics and increasing awareness about meditation, yoga, and other health activities is also projected to boost the demand for cooling fabrics in the forecasted period. Moreover, the environmental changes in the regions such as the Middle East & Africa and APAC are inducing the need for clothes which can provide cooling and other such comforts during physical activities such as gym, sports, yoga, meditation, etc.
Also, customer-centric wearables launched by companies is one of the prime factors contributing to the Cooling Fabric market across the globe. For instance, Technicke, a U.K-based company launched a washable cooling workwear for the Middle East region in 2017. Moreover, Odlo, a Swiss clothing brand launched the summer cycling range in 2019 which is made up of fabric called “Ceramicol” for the active cooling technology.
According to MarkNtel Advisors’ research report titled “Global Cooling Fabric Market Analysis, 2020”, the Global Cooling Fabric market is anticipated to grow at a CAGR of around 9.50% during 2020-25. In 2019, the North America region dominated the Global Cooling Fabric market due to a burgeoning sports-centric culture associated with an increasing disposable income and rising average national spending on gym clothing and membership.
According to a survey done by Europe-based nutrition and clothing provider “My Protein”, an American spends USD 24,727.15 on gym clothing and accessories in his lifetime. Thus, rising health awareness in the region can generate the demand for sports or gym wear that has soft touch fabric and can control the body temperature.
The Cooling Fabric industry is very competitive as the key suppliers are coming up with various forms of up-gradation in the cooling fabrics. The key players in the Global Cooling Fabrics market are Cool core, Ahlstrom-Munksj, NILIT Ltd, Polartec, Nan Ya Plastics Corporation, Tex-Ray Industrial Co., Ltd., etc. These companies are entering into tie-ups and partnerships to gain a greater market share in the industry.
.
Key Questions Answered in the Market Research Report
Market Outlook, Segmentation and Statistics
Frequently Asked Questions
Q. What is the historical year, base year and forecast year considered in the research report on Global Cooling Fabrics Market?
A. The historical data has been provided since 2015, while the base year is 2019 and the data is forecasted up-to 2025.
Q. What are the units or denomination for measuring market value and volume in the report?
A. The market size/industry size or the market value is measured in terms of USD Million, while the market volume is measured in terms of quantity sold.
Q. What would be the growth rate or CAGR of Global Cooling Fabrics Market during 2020-25?
A. The growth rate of Global Cooling Fabrics Market during 2020-25 is forecast to be around 9.50%.
Q. Which region would grab the highest market share during 2020-25?
A. It is forecast that North America will dominate the market with majority market share, with market size registering considerably higher CAGR.
Q. Who are the key competitors or players operating in Global Cooling Fabrics Market?
A. Cool core, Ahlstrom-Munksj, NILIT Ltd, Polartec, Nan Ya Plastics Corporation, Tex-Ray Industrial Co., Ltd. are few of the leading players in the Global Cooling Fabrics Market.
Q. Does the report scope cover Global Cooling Fabrics type wise market statistics also?
A. Yes, the scope of the report encompass detailed Global Cooling Fabrics type wise statistics such as market size, market segmentation based on various subcategories.
Q. Which segment would emerge as an opportunity area for players in Global Cooling Fabrics Market?
A. The automotive segment will continue to grow at a highest CAGR, presenting immense opportunities for manufacturers and suppliers of Global Cooling Fabrics Market.
