Rockville, Sept. 17, 2023 (GLOBE NEWSWIRE) -- As per Fact.MR, a provider of market research and competitive intelligence, the global Cooling Fabrics Market is predicted to expand at a CAGR of 8.5% and reach a valuation of US$ 6.2 billion by the end of 2033.
Cooling textiles can be crafted using synthetic materials. They are a creation offering a sensation, gentle warmth, and soft texture akin to human skin. These fabrics bring added convenience to customers by promoting sweat evaporation and preventing the fabric from clinging to the body. The key advantages of cooling textiles lie in their ability to circulate moisture and regulate evaporation. It is important to note that these fabrics differ from the types of textiles used for temperature control.
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| Report Attributes | Details |
| Forecast Period | 2023 – 2033 |
| Value Projection (2033) | US$ 6.2 Billion |
| Growth Rate (2023-2033) | 8.5% CAGR |
| No. of Pages | 170 pages |
| No. of Tables | 80 Tables |
| No. of Figures | 219 Figures |
Increasing awareness of comfortable clothing materials is driving a growing global demand for cooling fabrics. Notably, the sports industry in countries such as the United States, China, Brazil, Russia, and Malaysia is experiencing a surge in the adoption of cooling fabrics. This trend stems from athletes' growing recognition of the importance of comfortable attire, enhancing their overall comfort levels during sporting events. Moreover, a considerable portion of sports professionals seek superior materials for their apparel.
Demand for cooling fabrics is predicted to increase swiftly in emerging economies throughout the projected period. This growth is expected to be fueled by factors such as increasing economic prosperity, evolving lifestyles, and a thriving sports culture.
Key Takeaways from Market Study
- The global market for cooling fabrics is valued at US$ 2.71 billion in 2023.
- Worldwide demand for cooling fabrics is predicted to increase at a CAGR of 8.5% through 2033.
- By the end of 2033, the global market is projected to reach US$ 6.2 billion.
- The market in China is forecasted to expand at a CAGR of 4.4% from 2023 to 2033.
- Under material, use of synthetic cooling fabrics is forecasted to rise at a CAGR of 4.6% through 2033.
- Demand for natural cooling fabric is foreseen to advance at a CAGR of 6% from 2023 to 2033.
- As of 2023, North America leads the cooling fabrics market with a substantial market share of 38%.
- Sales of moisture-wicking cooling fabrics are projected to increase at a CAGR of 8.6% through 2033.
“The primary element propelling market revenue growth is the rise in the use of cooling materials in protective apparel and athletic gear. Over the forecast period, an increase in research and development activities into cooling textiles is expected to drive global revenue growth,” says a Fact.MR analyst.
Key Segments of Cooling Fabrics Industry Research Report
| By Material | By Textile Type | By Technology | By Application |
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Market Competition
The market for cooling fabrics is extremely fragmented, with a few large- and medium-sized companies accounting for most of the market's revenue. Major corporations are engaging in mergers and acquisitions and strategic alliances and launching advanced products to maintain their position and stay ahead of their peers.
- 'Brrr Pro' is a brand-new cooling fabric that Brrr unveiled in December 2020. These textiles enhance the 'triple chill' effect for a refreshing sensation and greater comfort by incorporating micro-cooling minerals, performance drying, and hyper-wicking.
- Using several polymers, Donghua University in China created a new kind of cooling cloth in July 2020. These materials effectively dissipate heat and wick away perspiration while deflecting outside water.
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).
Checkout More Related Studies Published by Fact.MR Research:
Reflective Fabrics Market: Based on the analysis by Fact.MR, the global reflective fabrics market is valued to be US$ 1.2 billion in 2023 and it is anticipated to grow at a CAGR of 7.4% to reach US$ 2.5 billion by the end of 2033.
Windproof Fabrics Market: The global windproof fabrics market is set to project a valuation of US$ 1,452.1 million in 2023 and it is expected to grow at a CAGR of 5.1% to reach US$ 2,388.9 million by the end of 2033.
Performance Knitted Fabrics Market: The global performance knitted fabrics market is highly influenced by athleisure apparel sales. The market is expected to be valued at approximated US$ 3.8 Billion by 2023.
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Fact.MR is a distinguished market research company renowned for its comprehensive market reports and invaluable business insights. As a prominent player in business intelligence, we deliver deep analysis, uncovering market trends, growth paths, and competitive landscapes. Renowned for its commitment to accuracy and reliability, we empower businesses with crucial data and strategic recommendations, facilitating informed decision-making and enhancing market positioning. With its unwavering dedication to providing reliable market intelligence, FACT.MR continues to assist companies in navigating dynamic market challenges with confidence and achieving long-term success. With a global presence and a team of experienced analysts, FACT.MR ensures its clients receive actionable insights to capitalize on emerging opportunities and stay ahead in the competitive landscape.
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