Growing focus on fitness, sports, and leisure activities coupled with increasing health consciousness among the population all around the world is likely to propel market growth. The innumerable benefits offered by cooling garments such as moisture wicking, sweat evaporation, breathability, and ventilation have enhanced their use among the athletes.

Key market players include Coolcore LLC; Kraton Corporation; Invista; Ahlstrom Corporation; Nilit Ltd.; Polartec LLC; Nan Ya Plastics Corporation; Tex-Ray Industrial Co., Ltd.; Formosa Taffeta Co., Ltd.; HexArmor; Adidas AG; and Nike, Inc. The companies mainly focus on extensive innovation and increasing their production capacities to fulfil the worldwide product demand.

Demand

According to the report entitled Cooling Fabrics Market Analysis, By Type (Synthetic and Natural), By Application (Sports Apparel, Protective Wear, Lifestyle, and Others), By Region (North America, Europe, Asia Pacific, South & Central America, and MEA), And Segment Forecasts, 2014 - 2025, the demand for cooling fabrics in military and industrial applications is increasing.

This is due to their benefits such as temperature regulation, resistance from harmful UV rays and pollutants, as well as the protection they provide to the wearer in case of excessive heat exposure. The augmenting demand from healthcare and fashion industries is anticipated to accelerate the market growth.

Sports apparel segment is expected to account for 44.5% of the global market in 2025. The demand can be attributed to heat, moisture, and perspiration resistant, light weight, smart, and easy to carry wearables, which assist in regulating the wearer's body temperature in line with the outside temperature. The technological advancements in the product to enhance the performance of garments are likely to fuel its demand the forecast period. 

Production

Increasing R&D activities and various government incentives are projected to accelerate the production, thereby triggering the market demand. Various EU funded projects have drawn a large number of manufacturers toward the market for the development of innovative products in an attempt to stay competitive.

Additionally, these fabrics also address sustainability issues by saving energy that is required to heat or cool the environment around the wearer.

Leading market

North America is the leading market for cooling fabrics owing to the early adoption and augmenting sports and outdoor activities in the region. The region was valued at US$ 557.7 million in 2016 and is expected to witness a significant development on account of rising demand in sports apparel, as well as protective wear applications. Extensive R&D carried out by leading manufacturers in countries such as the US and Canada is anticipated to propel market growth.

Technological advancements and innovative product developments in the region are projected to augment the market demand. Countries such as Germany, the UK, China, India, and Japan in the European and Asia Pacific regions are also rapidly developing markets for cooling fabrics.

www.grandviewresearch.com