Cooling Fabrics Market to Cross $4.78 billion Revenue by 2030

Cooling Fabrics Market Overview

“The Cooling Fabrics Market Predictable at $2.10 billion in 2022, is estimated to increase at a CAGR of 8.57% from $2.36 billion in 2023 to $4.78 billion by 2030.”

Rising global temperatures due to climate change are driving the need for effective methods to manage body temperature and heat discomfort. Cooling fabrics are widely used in sportswear, activewear, and outdoor clothing to reduce heat stress and provide comfort, especially for athletes and outdoor enthusiasts.

Natural cooling fabrics offer comfort, performance, and sustainability, while synthetic cooling fabrics use advanced technology to provide better comfort and performance. Synthetic fibers facilitate efficient heat dissipation and moisture control. Cooling sheet textiles offer a refreshing respite from nighttime overheating, while conductive fabrics regulate body temperature, manage moisture, and promote relaxation. These fabrics meet the growing demand for eco-friendly apparel and are essential in the rest and sleep experience.

Maintaining constant cooling performance in various environments and usage scenarios can be challenging. Cooling fabrics must regulate moisture effectively to avoid dampness discomfort. Balancing cooling efficacy with moisture wicking and evaporation qualities can be challenging. Keeping cooling characteristics even after multiple washing cycles can reduce their acceptability and hinder corporate growth.

Outdoor cooling fabrics offer comfort and relaxation for outdoor travelers by combining novel materials and designs to tackle heat and sun exposure. These textiles benefit athletes and fitness enthusiasts by improving performance by reducing heat-related tiredness.

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Key Takeaways

The market for cooling fabrics is expected to grow significantly due to technological advancements and consumer awareness of their benefits. Self-cooling fabrics, which use innovative technology to drain heat and maintain a comfortable temperature, are a game-changing solution in the textile industry. These textiles provide a unique, flexible heat-responsive experience, eliminating the need for external cooling devices, making them a game-changer in the comfort industry. Increased R&D activities and changing consumer preferences are expected to drive this growth.

Cooling fabrics are gaining popularity in the textile industry for their ability to improve living space comfort and regulate temperature. These fabrics have been integrated into home textiles, transforming the way we interact with our living spaces. Cool upholstery fabrics offer a unique combination of comfort, style, and sustainability, enhancing the overall aesthetic appeal of our living spaces.

Market Dynamics

Growth Drivers

Rising Sportswear Manufacturer Demand Will Drive Market Growth

The demand for intelligent and smart sportswear fabric is increasing due to its ability to manage moisture, heat, and perspiration. This technology is expected to drive market growth as it allows athletes to stay dry and perform better during sporting events. The increasing global demand for heat-regulating fabric and rising consumer health awareness will positively impact the industry, as the number of sporting events increases worldwide.

Trends

Increasing Product Adoption for Medical and Defense Applications is a Vital Trend

Medical and defense workers face occupational dangers, including excessive heat, which can lead to accidents and catastrophes. Cooling fabrics are being increasingly used in the military industry due to their protection from heat exposure, UV ray resistance, and temperature regulation. This cooling impact improves performance. In the healthcare sector, the COVID-19 pandemic has forced hospital employees to wear PPE, causing heat stress, weariness, and excessive perspiration.

 As a result, the healthcare industry is introducing cooling textiles into hospital apparel. The Centers for Medicare & Medicaid Services predicts that the US national health expenditure will grow 1.3% faster than GDP per year from 2019 through 2030, with the health sector's economic share expected to increase from 17.7% in 2017 to 19.7% in 2030.

Competitive Landscape of the Cooling Fabrics Market

• Ahlstrom-Munksjö (Finland)
• Asahi Kasei Advanced Corporation (Japan)
• Coolcore LLC (U.S.)
• Formosa Taffeta Co. Ltd. (Taiwan)
• Polartec (U.S.)
• Hexarmor (U.S.)
• Other Players

Recent Developments in Cooling Fabrics Market

June 2019: Nike, Inc. launched a new proprietary material named Nike AeroAdapt. The material is designed to help keep athletes at their optimal temperature. Nike AeroAdapt will debut with five garments in Nike Training and two Nike Football garments, therefore expanding Nike’s adaptive product platform to apparel.

In April 2022, Columbia Sportswear Company announced the expansion of capabilities at its Robards, Kentucky (US) distribution center. The company has invested approx. US$ 4 million in the facility.

In October 2021, Ahlstrom-Munksjo introduced a new range of cooling fabrics called 'Fiber+', aimed at the automotive industry. These fabrics provide effective thermal management by reducing heat buildup in automotive interiors, enhancing passenger comfort and energy efficiency. 

Regional Insights

Opportunities in China for Cooling Fabric Manufacturers

The Chinese market for cooling fabrics is expected to grow at a 4.4% CAGR due to changing lifestyles and increased disposable income. Major players are investing in premium fabrics, driven by fitness and health consciousness trends and government support. Product application expansion and manufacturing relocation to China are also expected.

In the United States, there is an increasing need for Cooling Fabrics

The US cooling fabrics industry is experiencing a surge in demand, with North America holding a 38% market share in 2023. This growth is attributed to increased R&D efforts for premium cooling textiles, driven by the growing demand for sports equipment and the use of materials that regulate body temperature. Technical fabrics with built-in cooling are being used in medical equipment cooling and defense industries, boosting market revenue. The growing industrial and military use of cooling fabrics is also driving market expansion, attributed to intensive research and development efforts to provide high-tech cooling wearables that not only provide comfort but also save energy.

Segments Covered in the Cooling Fabrics Market Report

Cooling Fabrics Market By Textile Type

• Woven
• Non-woven
• Knitted

Cooling Fabrics Market By Technology

• Phase Change Materials (PCMs)
• Evaporative Cooling
• Thermo-regulating Coatings

Cooling Fabrics Market By Application

• Sports Apparel
• Protective Wearing
• Lifestyle
• Medical Textiles
• Home Textiles

Cooling Fabrics Market By Rergion

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa

Frequently Asked Questions

What is the current Cooling Fabrics Market size?

The Cooling Fabrics Market Predictable at $2.10 billion in 2022, is estimated to increase at a CAGR of 8.57% from $2.36 billion in 2023 to $4.78 billion by 2030.

Who are the key players in Cooling Fabrics Market?

Ahlstrom-Munksjö (Finland), Asahi Kasei Advanced Corporation (Japan), Coolcore LLC (U.S.), Formosa Taffeta Co. Ltd. (Taiwan), Polartec (U.S.), Hexarmor (U.S.) are the major companies operating in the Cooling Fabrics Market.

Which is the fastest growing region in Cooling Fabrics Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2023-2030).

Which region has the biggest share in Cooling Fabrics Market?

In 2023, the North America accounts for the largest market share in the Cooling Fabrics Market.