Cooling Fabrics Market Worth $3.7 Billion by 2024 - Exclusive Report by MarketsandMarkets™
Cooling fabrics play an important role in manufacturing sports apparel, which helps the wearer in providing cooling effect while performing sports activities.
CHICAGO, Sept. 9, 2019 /PRNewswire/ -- According to the new market research report "Cooling Fabrics Market by Type (Synthetic, Natural), Textile Type (Woven, Non-woven, Knitted), Application (Sports Apparel, Lifestyle, Protective Wearing, Others), Region (North America, Europe, APAC, South America, MEA) - Global Forecast to 2024", published by MarketsandMarkets™, the Cooling Fabrics Market in 2019 is estimated to be USD 2.4 billion and is projected to reach USD 3.7 billion by 2024, at a CAGR of 9.1% from 2019 to 2024.
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Sports apparel application segment accounts for the largest share of the cooling fabrics market
The sports apparel application segment is estimated to account for the largest share of the cooling fabrics market in 2019. Cooling fabrics play an important role in manufacturing sports apparel, which helps the wearer in providing cooling effect while performing sports activities. The cooling fabrics absorb the heat in the form of sweat from the human body and give a cooling effect to the person wearing it. These cooling fabrics also increase the breathability to let the heat escape and give the wearer a comfortable feel without hampering their performance.
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Based on type, synthetic segment is projected to lead the cooling fabrics market by 2024
The synthetic type of cooling fabrics is expected to account for the largest share of cooling fabrics market in 2019. Synthetic cooling fabrics are made from synthetic fibers as raw materials, which include nylon, polyester, and spandex, among others. Synthetic fabrics are most suitable for outdoor sports activities which regulate the temperature of the wearer through superior evaporative characteristics. Other than cooling, this type has high strength, high elasticity, and smooth texture, due to which, the demand for synthetic cooling fabrics is expected to grow during the forecast period.
The knitted segment is projected to lead the cooling fabrics market by 2024
Based on textile type, knitted cooling fabrics are expected to account for the largest share of cooling fabrics market in 2019. The knitted textile type has a high degree of elasticity due to the looseness of the fabric yarn when compared to woven fabrics. Knitted fabrics are more comfortable to the wearer due to its properties such as better breathability and fits the shape of the body in the best possible way. Due to this, knitted fabrics are used majorly for manufacturing sports apparel, which triggers the demand for knitted cooling fabrics during the forecast period.
North America is expected to lead the cooling fabrics market during the forecast period
North America is estimated to account for the largest share of the Cooling Fabrics Market in 2019, followed by Europe and Asia Pacific. The US is one of the significant consumers of cooling fabrics in North America. Increase in technological advancement, R&D investments, and the presence of a wide range of end-use application market drives the North America cooling fabrics market.
Key market players covered in this report includes Coolcore LLC (US), Ahlstrom-Munksjö (Finland), NILIT (Israel), Polartec (US), Nan Ya Plastics Corporation (Taiwan), Tex-Ray Industrial Co., Ltd. (Taiwan), Formosa Taffeta Co., Ltd. (Taiwan), Asahi Kasei Corporation (Japan), Hexarmor (US) and among others
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