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Global Cooling Fabrics Market to Reach USD 3.7 Billion by 2027, Aided by the Increasing Demand for Protective Clothing and Sportswear

According to a new report by EMR titled, ‘Global Cooling Fabrics Market Report and Forecast 2022-2027’, the global cooling fabrics industry reached a value of about USD 2.2 billion in 2021. The industry is further expected to grow at a CAGR of about 8.70% in the forecast period of 2022-2027 to reach a value of around USD 3.7 billion by 2027.

The cooling fabrics industry is predicted to witness growth in the forecast period due to the increasing demand for cooling fabrics in the textile industry. Another factor driving the market's growth is the rising demand for cooling fabrics that give comfort by creating a cooling effect. One of the key trends for the global cooling fabrics industry is the increasing awareness among sportspersons. The majority of sportsperson prefer highly desirable and comfortable materials for their garments. Therefore, the growing engagement in sports and regular exercise is driving demand for cooling fabrics-based sportswear, which is expected to move the global market forward. The market would witness lucrative growth opportunities due to the rising usage of cooling fabrics for healthcare, military, and industrial applications. The ability of cooling garments to decrease the heat stress caused by extreme exposure, especially in industrial applications, would increase their utilisation for making protective wear. Besides, they are utilised in other applications like lifestyle, automotive, and fashion which would augment the market's demand in the next few years.

The rising popularity of cooling fibre due to its properties is also fuelling the growth of the target market. In September 2017, Polartec introduced new collections, especially for electricians, contractors, and oil and gas professionals. The collection features Polartec fabric technologies, including advanced thermoregulation fabrics for hot and cold environments, with performance knits and finishes such as Polartec Hardface enhanced durability.

Market Analysis by Type, Textile Type, Application, and Regions:

  • The types in the market include synthetic and natural.
  • Based on textile type, the market can be divided into woven, nonwoven, and knitted, among others.
  • The applications of the market include sports apparel, lifestyle, and protective wearing, among others.
  • The regional markets for cooling fabrics include North America, Europe, Asia Pacific, Latin America, and the Middle East, and Africa.

Key Findings of the Report:

  • The market is likely to witness growth due to the increase in the disposable income of the people in developing nations.
  • The increasing health awareness is boosting the market growth.
  • The pandemic has propelled the need for personal protective equipment (PPE) like masks which is bolstering the demand for cooling fabrics to protect a wearer from heat stress.
  • The demand for cooling fabrics is expected to rise rapidly in emerging economies during the forecast era, with rising economic growth, evolving lifestyles, and increasing sports culture.
  • Technological advancements are making the market strive for good quality and good efficiency clothes.

Key Offerings of the report:

  • The EMR report gives an overview of the global cooling fabrics market for the periods (2017-2021) and (2022-2027).
  • The report also offers the historical (2017-2021) and forecasted (2022-2027) markets for type, textile type, applications, and major regions of cooling fabrics.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global cooling fabrics industry are Ahlstrom-Munksjö, Polartec®, LLC, Coolcore, Formosa Taffeta Co., Ltd., and HexArmor, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium-sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always strive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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