The global cooling fabrics market is expected to grow with the CAGR of approximately 10.6% during the forecast period (2016-2023). Cooling fabric is a clothing material which traps body heat; as a result, it keeps the skin dry. Cooling fabric offers certain benefits i.e. high cooling effect, breathability, protection from UV rays and insulation capacity. It is used to make home textiles, headgears, T-shirts, protective wears, wrist bands, coats, jackets, sport swear, neck bands, uniforms, work wear and others. The key factors driving the growth of cooling fabrics market are:
- Constant innovations in textile industry
- Increasing demand for long-lasting cooling effect garments
- Rising demand for sports apparels
- Easy availability of raw material
The major factor that is primarily driving the growth of cooling fabrics market is its applications in medical, sports and industries. In industries, workers are exposed to humid and hot surroundings which results suffering from heat stress which affects their absorption and can potentially cause to a rise in workplace accidents. Therefore, to reduce heat stress, protective equipment might be worn i.e. personal cooling garments in the industries such as automotive, oil & gas etc. As safety concerns for worker’s safety are increasing, the demand for protective solution is also expected to rise which further encourages the cooling fabrics market. Furthermore, various projects are adopted to increase the effectiveness of cooling fabrics along with the energy efficiency effect in building and homes. For instance: As per the engineering project at the University of California, San Diego have received funds of $2.6 million by the U.S. Department of Energy's Advanced Research Projects Agency - Energy (ARPA-E). Though, wearing of this smart fabric could effectively decrease air conditioning bills and heating for homes and buildings. The project, known as ATTACH (Adaptive Textiles Technology with Active Cooling and Heating) has led by Joseph Wang, a distinguished professor for nano-engineering at University of California, San Diego. According to Jacobs School of Engineering, by regulating the temperature nearby an individual person, the smart fabric can potentially reduce the energy use of homes and buildings by minimum 15%. This growing innovation has attributed to increase application areas for cooling fabrics which is expected to create major opportunities for the market in near future. Furthermore, increasing demand for long-lasting cooling effect garments and rising demand for sports apparels are also some vital factors boosting the market growth. However, innovations in plastic-based textiles and high manufacturing cost of cooling fabrics are creating hurdles in the market growth. Increasing demand for protective apparels and increasing demand for cooling fabrics in developing countries due to rising worker’s safety concerns is expected to create better opportunity for the growth of cooling fabrics market.
Source: OBRC Analysis
The global cooling fabrics market is segmented into product type and application.
The product type is further sub segmented into:
- Synthetic
- Natural
The application is further sub segmented into:
- Sports apparels
- Protective wearing apparels
- Daily wearing apparels
The report scope is widely categorized on the basis of its product type which includes synthetic & natural.
Geographically, the global cooling fabrics market has been segmented on the basis of four major regions, which include:
- North America (U.S. & Canada)
- Asia Pacific (China, India, Japan, RoAPAC)
- Europe (UK, France, Germany, RoE)
- Rest of World
North America held major share, in terms of revenue in 2016 due to increasing demand from defense sector and sports apparels. The U.S. has accounted for major share in the region coupled with increasing military expenditure, advancements of cooling fabric in medical sector and high concerns for worker’s safety in the region. However, Asia Pacific is also expected to witness potential growth during the forecast period (2016-2023) due to increasing adoption of cooling fabrics in South Korea, India, China, Malaysia, Australia, Indonesia and New Zealand. However, growth in automotive sector and manufacturing sector is also expected to drive the demand of protective apparels for the workers in the region.
The global cooling fabrics market has been segmented on the basis of product type and application. Among product type segment, the cooling fabrics market is further classified into synthetic and natural cooling fabrics. In the product type segment, the synthetic cooling fabric segment has occupied major share in 2016 due to its better features i.e. high durability and high cooling power. Moreover, the factors boosting the synthetic cooling fabric segment are easy availability of raw materials which comprises polyester, spandex and nylon which are primarily utilized to produce synthetic cooling fabrics. Furthermore, the application segment is further classified into protective wearing apparels, sports apparels and daily wearing apparels. The sports apparels is one of the major application segments and it is growing rapidly due to rising demand for sweat-resistant apparels by the sports enthusiasts. The demand for cooling fabrics across certain industries such as defense and oil & gas is expected to rise in the upcoming year with the increasing demand for protective apparels.
The major market players of the global cooling fabrics market are:
- POLARTEC, LLC (U.S.)
- HEXARMOR (U.S.)
- VENTEX CORPORATION (CANADA)
- TEX-RAY INDUSTRIAL CO. LTD. (TAIWAN)
- SPOERRY 1866 AG (SWITZERLAND)
- OTHERS
Detailed analysis of these companies provided in this report comprises Overview, SCOT Analysis, Product Portfolio, Strategic Initiative and Strategic Analysis. These companies are using various strategies such as merger & acquisition, partnership and product launches to gain competitive advantage across the globe. For instance: On Jan 2016, Polartec introduced Delta™, the First Cooling Platform “Polartec® Delta™” of the company. It is a long-lasting mechanical wicking fabric which evolves how adventurers and athletes dress for the performance in warmer climates. As inspired by the car radiators design, this new fabric is constructed of the finest base layer which offers wicking capabilities, decreases skin cling, controls drying and is extremely breathable without chemical treatments.
Why to buy the report:
This report will provide you:
- Provide you the business strategies adopted by market player such as product launch that is On Jan 2016, Polartec introduced Delta™, the First Cooling Platform “Polartec® Delta™” of the company.
- Provide in detail the different segments such as by product type and application which are affecting the global cooling fabrics market.
- Provide you the patent analysis of the cooling fabrics market.
- Identify and understand the strength, opportunities, challenges and threat of the cooling fabrics market.
- Provide revenues of major players of the market such as Polartec LLC and Ventex Corporation.
- Provide you various regulatory policies which are affecting the global cooling fabrics market.
How we are different from others:
At Occam’s we provide an extensive portfolio which is comprehensive market analysis along with the market size, market share, and market segmentations. Our report on global cooling fabrics market offers the longest chain of market segmentation covering major market segmentation based on product type and application. The report tracks the major market trends in the global cooling fabrics market such as constant innovations in textile industry and rising demand for sports apparels etc. For each market segments covered in global cooling fabrics market report, we provide opportunity matrix, and DROC analysis, that enable the clear growth assessment across each market segment. The report discusses competitive landscape of the cooling fabrics industry, with giving extensive strategy analysis of more than 15 companies. Moreover, the report discusses various models such as 360-degree analysis, See Saw analysis, and Porter five force models and so on. For the high level analysis in the report we provide a comparative analysis of historic and current year data.
Key Findings of the global cooling fabrics market.
- Increasing adoption of cooling fabrics technologies in defense sector and industries is fueling growth in global cooling fabrics market.
- Geographically, North America is anticipated to account the largest revenue share in 2016.
- Asia Pacific is expected to be the fastest growing region during the forecast period (2016-2023).
- Synthetic cooling fabrics are the dominating segment due to high durability features.
- Product launch is the key strategy adopted by the various market players of global cooling fabrics market.
- Sports apparels are the major application segment in the cooling fabrics market.
