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Cooling Fabrics Market Size, Share, Growth And Global Forecast Report 2023
Cooling Fabrics Market Report
The Business Research Company's Cooling Fabrics Global Market Report 2023 identifies the increasing demand for sports apparel as the major driver for the cooling fabrics market's growth in the forecast period. 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.
The global cooling fabrics market size grew from $2.67 billion in 2022 to $2.89 billion in 2023 at a compound annual growth rate (CAGR) of 8.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The cooling fabrics market size is expected to grow to $4.12 billion in 2027 at a CAGR of 9.2%.
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Major competitors in the cooling fabrics market are Coolcore LLC, Ahlstrom-Munksjö,, Formosa Taffeta Co. Ltd., Hong Li Textile Co. Ltd., Nilit, Tex-Ray Industrial Co. Ltd., Formosa Taffeta Co. Ltd., Asahi Kasei Corporation, Hexarmor, Invista, Adidas AG, Sun Dream Enterprise Co. Ltd., Everest Textile Co. Ltd., Nanotex LLC, Singtex Industrial Co. Ltd., and Nike Inc.
A key trend in the cooling fabrics market includes technologically advanced solutions. Major firms in the cooling fabrics industry are focused on developing technologically advanced solutions for cooling fabrics. For instance, in December 2020, Brrr, a cooling fabric innovator, launched the Brrr Pro, an innovative performance textile with improved cooling fibres loaded with micro cooling minerals, as well as hyper wicking and quality drying, all of which operate together to enhance the triple chill effect for optimal comfort and a unique experience.
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The cooling fabrics market is segmented -
•By Type: Synthetic, Natural
•By Textile Type: Woven, Nonwoven, Knitted, Other Textile Types
•By Application: Sports Apparel, Lifestyle, Protective Wearing, Other Applications
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the cooling fabrics market.
The Business Research Company's "Global Cooling Fabrics Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Cooling Fabrics Market Include:
1. Executive Summary
2. Cooling Fabrics Market Characteristics
3. Cooling Fabrics Market Trends And Strategies
4. Cooling Fabrics Market - Macro Economic Scenario
5. Cooling Fabrics Market Size And Growth
……
26. Africa Cooling Fabrics Market
27. Cooling Fabrics Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Cooling Fabrics Market
29. Cooling Fabrics Market Future Outlook and Potential Analysis
30. Appendix
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