The global cooling fabrics market is expected to grow with the CAGR of approximately 10.6% during the forecast period (2016-2023). Cooling fabrics can be produced by using the ice & gel pack, evaporative cooling technology, super-absorbent fiber technology and phase change technology. The evaporative cooling systems use hydrophobic fibers and super-absorbent hydrophilic, normally distributed as a form of a low-profile as well as lightweight fabric. Such fiber has the potential to absorb heat and utilizes water absorbing crystals. The fabrics that are based on the super absorbent fiber technology are utilized in challenging environments i.e. Military operations, fire, search and rescue, such fabrics fuel the dissipation of heat and moisture by absorbing and controlling the body sweat that offer a cooling effect to wearer through directly declining the impact of heat. Due to such features of cooling fabrics, it has broad applications across different industries such as, industrial, military etc. to protect from heat. Increasing demand for new garments which are durable along with a lasting cooling effect as well as innovations in the textile industry are the prime factors which are expected to fuel the cooling fabrics market. Moreover, the factors that are primarily boosting the market growth are increasing applications in medical, sports and industries, increasing demand for long-lasting cooling effect garments and rising demand for sports apparels. However, there are some factors hindering the market growth are innovations in plastic-based textiles and high manufacturing cost of cooling fabrics.
Geographically, North America is the leading region in cooling fabrics market as the demand for such solutions is high among end-user industries such as manufacturing and automotive etc. in the U.S, due to strict regulations on worker’s safety in the region. However, Asia Pacific is expected to be the fastest growing region for the market due to increasing military expenditure in China. Furthermore, demand is increasing rapidly for cooling fabric products in India, South Korea and Australia. The presence of major players such as Polartec, LLC (U.S.), Hexarmor (U.S.), Ventex Corporation (Canada), Tex-Ray Industrial Co. Ltd. (Taiwan) and Spoerry 1866 AG (Switzerland) etc. are creating opportunity for large innovations in cooling fabrics which is expected to further increase application areas of cooling fabrics.
The global cooling fabrics market is segmented into product type and application. The product type is further classified into synthetic and natural cooling fabrics. The application segment is further classified into sports apparels, protective wearing apparels and daily wearing apparels.