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Cooling Fabrics Market Overview
The major trend being witnessed in the global cooling fabrics market is shifting consumer preference from conventional clothing materials to comfortable clothing materials such as cooling fabrics. Owing to the extremely hot climatic conditions in several countries or in activities involving increase in body temperature due to physical activities or surroundings, the consumers are increasingly favoring such clothing materials. This is due to the fact that these clothing materials ensure proper body temperature, thereby avoiding any health issue caused due to extremely hot surroundings.
On the basis of type, the cooling fabrics market is categorized into synthetic and natural. The synthetic fabrics accounted for a significant share in the market owing to well-developed production capacity for producing these fabrics along with the ease of manufacturing process. Moreover, synthetic fibers are more cost effective to produce, thereby resulting in higher demand for such fabrics.
Based on application, the cooling fabrics market is categorized into protective clothing, sports apparel, and casual apparel. The demand for cooling capable clothing materials is expected to grow at a significant pace for sports apparel as a result of rising sports industry, which in turn, is boosting the sales of sports wears. Moreover, sports as a result of leisure activities is popular among young generation, which continue to generate demand for fabrics having cooling capabilities. Thus, it can be inferred that the market is growing considerably, owing to the rising demand for the fabrics from sports and leisure activities, changes in lifestyle, and growing concerns for health and wellness.
Based on region, the cooling fabrics market is categorized into Europe, North America, Asia-Pacific, Latin America, and Middle East and Africa. Among all the regions, North America held a significant share in the market, driven by well-developed sports industry in the countries such as the U.S. and Canada during the historical period. Moreover, the preference level among the individuals for such fabrics is also high in North America, thereby having a positive impact on the market.
Cooling Fabrics Market Dynamics
The major driver identified in the cooling fabrics market is the growing awareness of individuals toward comfortable clothing materials. In countries such as the U.S., China, Brazil, Russia, and Malaysia, the sports industry is witnessing a rapid growth. Moreover, sportspersons in these countries are becoming increasingly aware about the need for comfort clothing, which eventually enhances the comfort level during the sports events. Owing to this, a large number of sportspersons are opting for better fabrics for their clothes. The growing awareness among these individuals will continue to act as a major driver for the growth of the market during the forecast period.
Major restraint identified in the cooling fabrics market is the high cost of producing the fabrics having cooling capabilities. Current technologies that produce fabrics having cooling capabilities require higher capital investments. Moreover, the cost of raw materials used in producing these fabrics is also very high, which eventually results in higher cost of end products. Owing to the high cost of the product, a large number of individuals refrain for buying such clothes, which limits the market growth.
With the growing economic development, changing lifestyle, and rising sports culture, the cooling fabrics market is expected to grow exponentially in the emerging economies. In coming years, emerging countries are expected to witness rise in sports industry, which in turn, boost the demand for sportswear in these countries. Moreover, rising awareness on personal care in Asia-Pacific countries such as China and India is encouraging the growth of the market.
Cooling Fabrics Market — Competitive Landscape
The cooling fabrics market is characterized by large number of companies having their production facilities in the Asia-Pacific region. Some of the major players operating in the global market are VENTEX Inc., Nan Ya Plastics Corporation, Tex-Ray Industrial Co. Ltd., Invista, Ahlstrom-Munksjö, Formosa Taffeta Co. Ltd., Singtex Industrial Co. Ltd., and Coolcore LLC.
The study provides the historical as well the forecast market size data for various countries, including the U.S., Canada, France, Germany, the U.K., Italy, Spain, Japan, China, India, Brazil, Saudi Arabia, and South Africa.