DUBLIN--(BUSINESS WIRE)--The "Cooling Fabrics - Global Market Outlook (2017-2026)" report has been added to ResearchAndMarkets.com's offering.
Global Cooling Fabrics market is accounted for $1.85 billion in 2017 and is expected to reach $5.21 billion by 2026 growing at a CAGR of 12.1%.
Rising popularity of cooling fabrics, innovations in textile industry, increasing concerns for health and safety of workers and changing consumer preferences are some key factors fueling the market growth. In addition, rising sports and leisure activities in regions such as North America, Europe, and Asia Pacific are expected to foster the market. However, high prices and low penetration of cooling fabrics among end-users are restricting the market scope.
Conventionally, cooling effect in clothes was achieved using ice packs and by the usage of chemicals that absorbed sweat, thus keeping the skin dry. However, traditional methods are not very efficient and fabrics also degrade with time. New generation fabrics are being developed that use moisture-management technologies or evaporative cooling technologies. Some fabrics also work by distributing sweat equally over the fabric, so that it dries more rapidly and in turn generates a cooling effect.
By application, the sports apparel segment held significant market share due to rising demand for sweat resistant apparels from sports enthusiasts. The natural features of these wearables which include temperature guidelines and moisture wicking properties give massive benefits for athletes.
Based on geography, North America acquired the largest market share during the forecast period owing to technological improvements and innovative product developments. Extensive research and development carried out by leading manufacturers in countries such as the U.S. and Canada is likely top ropel market growth.
Some of the key players in the global market include
- Adidas AG
- Coolcore LLC
- Formosa Taffeta Co., Ltd. (FTC)
- Kraton Corporation
- Nan Ya Plastics
- Nike, Inc.
- SPOERRY 1866 AG
- Tex-Ray Industrial Co., Ltd.
- Ventex Inc
For more information about this report visit https://www.researchandmarkets.com/research/2m425z/global_cooling?w=4