The global cooling fabrics market size is expected to touch $3.24 billion by 2025, reveals a new report by Grand View Research. Growing focus on fitness, sports, and leisure activities along with increasing health consciousness of people worldwide is expected to expand market growth. The numerous benefits of cooling garments such as moisture wicking, sweat evaporation, breathability, and ventilation have enhanced its use among athletes.
Key players include: Coolcore LLC; Kraton Corporation; Invista; Ahlstrom Corporation; Nilit Ltd.; Polartec LLC; Nan Ya Plastics Corporation; Tex-Ray Industrial Co., Ltd.; Formosa Taffeta Co., Ltd.; HexArmor; Adidas AG; and Nike, Inc. These companies key focus is on extensive innovation and increasing their production capacities to fulfil international product demand.
Demand for cooling fabrics in military and industrial applications is increasing. This is due to its benefits such as temperature regulation, resistance from harmful UV rays and pollutants, as well as the protection they provide to the wearer in case of excessive heat exposure. The augmenting demand from healthcare and fashion industries is anticipated to enhance market growth.
The sports apparel segment is expected to account for 44.5 per cent of the global market in 2025. This can be attributed to heat, moisture, and perspiration resistant, light weight, smart, and easy to carry wearables which help in regulating the wearer's body temperature in line with the outside temperature.
Increasing R&D activities and various government incentives are projected to accelerate the production, thereby enhancing market demand. Various EU funded projects have drawn a large number of manufacturers to the market for the development of innovative products to stay competitive. Additionally, these fabrics also address sustainability issues by saving energy that is required to heat or cool the environment around the wearer. North America is the leading market for cooling fabrics owing to the early adoption and augmenting sports and outdoor activities in the region.