Cooling Fabrics Market: Current Analysis and Forecast (2024-2032)

Report Description

Global Cooling Fabrics Market Size & Forecast

The Global Cooling Fabrics Market was valued at USD 2.2 billion in 2023 and is expected to grow at a strong CAGR of around 7.78% during the forecast period (2024-2032) owing to the rise of e-commerce has increased consumer access to a wider variety of cooling fabric products, particularly in regions where these fabrics were previously unavailable in local stores.

Cooling Fabrics Market Analysis

The Cooling Fabrics market is the worldwide industry covering the production of fabrics developed to balance body temperature due to sweating, breathability, and heat-eliminating capabilities that can help make garments more comfortable to wear. These fabrics are popular in sportswear, outdoor wear, and active wear, but have wider uses in health products, automobiles, and industrial products. Drivers are the growth in sports and fashion-related activities, improvement in fabric manufacturing and weaving technology, improvements in management techniques, favorable demographic trends, Envirotech, value addition, and globalization. Also, the trends of health and wellness, as well as the phenomenon of athleisure, combine to push the market forward.

Global Cooling Fabric Market Trends

This section discusses the key market trends that are influencing the various segments of the global Cooling Fabrics market, as found by our team of research experts.

Woven Segment Transforming Industry

The woven category contributes greatly to the cooling fabrics market globally and provides durability and moisture management crucial for athletic and outdoor wear. Some of the best materials using woven build include shirts, trousers suits, and sports jackets because the fabric surfaces have better air circulation and are capable of wicking off moisture compared to many knitted fabrics. This makes them fit athletes and other active people who need outfits that do not make them uncomfortable when participating in exercises. Furthermore, developments in the weaving processes have enabled the integration of various fibers and treatments in the development of these materials, which improve their cooling characteristics. Since there is a rapidly growing trend towards the use of functional and aesthetic sportswear cooling woven fabrics have become popular and hence propelling the market forward.

North America is expected to grow at a significant rate during the forecast period.

The cooling fabrics market in North America is also on the rise mainly due to the demand for better fabrics in different sectors such as sportswear, outdoor wear, and home textiles. This growth is driven by trends in health consciousness where consumers buy clothes and wearables, especially for warmer climates requiring better fabric that supports bodily comfort during physical activities. Large brands in sportswear and outdoor companies are sourcing stylish clothing made from better cooling technologies and environmentally conscious production materials for their massive customers who are now conscious of style, comfort, and environmental impacts. Further, with the rapid growth in the textile industry, growth in textile technology and commitment to R&D are yet to aid the market fundamentally. There is also the favorable background of a well-developed network of retail outlets, and the constant development of the athleisure segment, all of which – assist in the growth of the cooling fabrics market in North America.

Global Cooling Fabrics Industry Overview

The global cooling fabrics market is competitive, with several global and international market players. The key players are adopting different growth strategies to enhance their market presence, such as partnerships, agreements, collaborations, new product launches, geographical expansions, and mergers and acquisitions. Some of the major players in the market are Coolcore; Ahlstrom; Asahi Kasei Advance Corporation; FORMOSA TAFFETA CO., LTD.; HeiQ Materials AG; NAN YA PLASTICS CORPORATION; Polartec LLC; NILIT; HexArmor; Nanostitch

Global Cooling Fabrics Market Report Coverage

Reasons to buy this report:

• The study includes market sizing and forecasting analysis confirmed by authenticated key industry experts.
• The report briefly reviews overall industry performance at one glance.
• The report covers an in-depth analysis of prominent industry peers, primarily focusing on key business financials, type portfolios, expansion strategies, and recent developments.
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
• The study comprehensively covers the market across different segments.
• Deep dive regional level analysis of the industry.

Customization Options:

The global cooling fabrics market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to contact us to get a report that completely suits your requirements.

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Research Methodology

Research Methodology for the Global Cooling Fabrics Market Analysis (2024-2032)

Analyzing the historical market, estimating the current market, and forecasting the future market of the global Cooling Fabrics market were the three major steps undertaken to create and analyze the adoption of global Cooling Fabrics in major regions. Exhaustive secondary research was conducted to collect the historical market figures and estimate the current market size. Secondly, to confirm these insights, numerous findings and assumptions were considered. Moreover, exhaustive primary interviews were conducted with industry experts across the value chain of the global Cooling Fabrics market. For the assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry. The detailed method is explained below:

Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

A detailed secondary study was conducted to obtain the historical market size of the global Cooling Fabrics market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the global Cooling Fabrics market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report, such as type, fabric type, application, and region. Further country-level analysis were conducted to evaluate the overall adoption of testing models in that region.

Step 3: Factor Analysis:

After buying the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the global Cooling Fabrics market. Further, we conducted factor analysis using dependent and independent variables such as type, fabric type, application, and global Cooling Fabrics market regions. A thorough analysis of demand and supply-side scenarios was conducted considering top partnerships, mergers and acquisitions, business expansion, and product launches in the global Cooling Fabrics market.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global Cooling Fabrics market, and market shares of the segments. All the required percentage shares split and market breakdowns were decided using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to several factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques, i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2032 for different segments and sub-segments across the major markets globally. The research method adopted to estimate the market size encompasses:

• The industry’s market size, in terms of revenue (USD) and the adoption rate of the global Cooling Fabrics market across the major markets domestically
• All percentage shares, splits, and breakdowns of market segments and sub-segments
• Key players in the global Cooling Fabrics market in terms of types offered. Also, the growth strategies adopted by these players to compete in the fast-growing market.

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were combined with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions

Market Engineering

The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global Cooling Fabrics market. Data was split into several segments and sub-segments after studying various parameters and trends in the global Cooling Fabrics market’s type, fabric type, application, and regions.

The Main Objective of the Global Cooling Fabrics Market Study

The current & future market trends of the global Cooling Fabrics market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the market’s overall attractiveness at a regional level, providing a platform for the industrial participant to exploit the untapped market to receive help from a first-mover advantage. Other quantitative goals of the studies include:

• Analyze the current forecast and market size of the global Cooling Fabrics market in terms of value (USD). Also, analyze the current forecast and market size of different segments and sub-segments.
• Segments in the study include areas of type, fabric type, application, and regions.
• Define and analyze the regulatory framework for the industry.
• Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
• Analyze the current and forecast market size of the global Cooling Fabrics market for the major regions.
• Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World
• Company profiles of the global Cooling Fabrics market and the growth strategies the players adopt to sustain the fast-growing market.
• Deep dive regional level analysis of the industry

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