The major trend being witnessed in the global cooling fabrics market is shifting consumer preference from conventional clothing materials to comfortable clothing materials such as cooling fabrics. Owing to the extremely hot climatic conditions in several countries or in activities involving increase in body temperature due to physical activities or surroundings, the consumers are increasingly favoring such clothing materials. This is due to the fact that these clothing materials ensure proper body temperature, thereby avoiding any health issue caused due to extremely hot surroundings.
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On the basis of type, the cooling fabrics market is categorized into synthetic and natural. The synthetic fabrics accounted for a significant share in the market owing to well-developed production capacity for producing these fabrics along with the ease of manufacturing process. Moreover, synthetic fibers are more cost effective to produce, thereby resulting in higher demand for such fabrics.
Based on region, the cooling fabrics market is categorized into Europe, North America, Asia-Pacific, Latin America, and Middle East and Africa. Among all the regions, North America held a significant share in the market, driven by well-developed sports industry in the countries such as the U.S. and Canada during the historical period. Moreover, the preference level among the individuals for such fabrics is also high in North America, thereby having a positive impact on the market.
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With the growing economic development, changing lifestyle, and rising sports culture, the cooling fabrics market is expected to grow exponentially in the emerging economies. In coming years, emerging countries are expected to witness rise in sports industry, which in turn, boost the demand for sportswear in these countries. Moreover, rising awareness on personal care in Asia-Pacific countries such as China and India is encouraging the growth of the market.
Cooling Fabrics Market — Competitive Landscape
The cooling fabrics market is characterized by large number of companies having their production facilities in the Asia-Pacific region. Some of the major players operating in the global market are VENTEX Inc., Nan Ya Plastics Corporation, Tex-Ray Industrial Co. Ltd., Invista, Ahlstrom-Munksjö, Formosa Taffeta Co. Ltd., Singtex Industrial Co. Ltd., and Coolcore LLC.
The study provides the historical as well the forecast market size data for various countries, including the U.S., Canada, France, Germany, the U.K., Italy, Spain, Japan, China, India, Brazil, Saudi Arabia, and South Africa.