Cooling Fabrics Market Market Segmentation and Growth Outlook 2032

Cooling Fabrics Market Market Segmentation and Growth Outlook 2032

According to Fortune Business Insights, The global cooling fabrics market was valued at USD 2.10 billion in 2023 and is expected to increase from USD 2.21 billion in 2024 to USD 3.25 billion by 2032, reflecting a CAGR of 4.9% during the forecast period (2024–2032). In 2023, North America led the market, accounting for 40% of the global share.

The Cooling Fabrics Market is experiencing robust growth, driven by rising demand for advanced textiles that offer comfort, moisture management, and temperature regulation. Cooling fabrics are engineered using innovative technologies to provide breathability, sweat evaporation, and heat reduction, making them highly popular in sportswear, protective clothing, medical textiles, and lifestyle apparel. With the increasing adoption of sustainable and performance-enhancing fabrics, the market is expected to expand significantly over the next decade. The growing adoption of cooling fabrics by sportswear manufacturers is a key factor fueling market expansion. Their ability to regulate body temperature, wick away perspiration, and deliver a cooling effect has significantly boosted demand. Moreover, the increasing use of these fabrics in the defense and healthcare sectors is expected to further drive market growth, supported by rising defense expenditures. However, the COVID-19 pandemic posed challenges to the industry, causing a sharp decline due to supply chain disruptions. Despite this, a moderate rise in demand from the healthcare sector during the crisis helped mitigate the overall impact on the market.

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Key Market Insights

Market Size and Forecast

• In 2023, the global cooling fabrics market was valued at USD 2.10 billion.

• It is projected to grow to USD 2.21 billion in 2024.

• By 2032, the market is expected to reach USD 3.25 billion, expanding at a CAGR of 4.9% during 2024-2032.

Regional Insights

• North America dominated the market in 2023 with a share of about 40%.

• Significant growth is also expected in Asia-Pacific and Europe, particularly in countries such as China, India, and Germany, due to rising apparel demand and advancements in technical textiles.

LIST OF KEY COMPANIES PROFILED

• Coolcore LLC (U.S.)
• Ahlstrom-Munksjö (Finland)
• Asahi Kasei Advanced Corporation (Japan)
• Formosa Taffeta Co. Ltd. (Taiwan)
• Tex-Ray Industrial Co. Ltd. (Taiwan)
• Nan Ya Plastics Corporation (Taiwan)
• Polartec (U.S.)
• NILIT Ltd. (Israel)
• Hexarmor (U.S.)
• Nanostitch (Belgium)
• Other Players

Market Dynamics

Key Drivers

1. Growing Sportswear & Activewear Demand – Rising fitness awareness and participation in outdoor sports are fueling the adoption of cooling fabrics in athletic apparel.

2. Rising Health Awareness – Consumers are shifting towards fabrics that provide skin-friendly, lightweight, and cooling properties.

3. Technological Innovations – Integration of phase change materials (PCMs), nanotechnology, and advanced fibers has enhanced product functionality.

4. Climate Change & Rising Temperatures – Increasing global temperatures have boosted the demand for fabrics that keep wearers cool and comfortable.

Restraints

• High Production Cost – Advanced raw materials and manufacturing technologies make cooling fabrics expensive compared to conventional textiles.

• Limited Awareness in Developing Economies – Consumers in price-sensitive markets are still largely dependent on traditional fabrics.

Opportunities

• Expansion in medical and defense applications for thermal regulation.

• Rising sustainable textile trends with eco-friendly cooling fabrics.

• Increasing penetration in casual wear and home textiles (bed linens, upholstery).

Segmentation Analysis

• By Type: Synthetic Cooling Fabrics, Natural Cooling Fabrics

• By Application: Sports Apparel, Protective Clothing, Casual Wear, Medical Textiles, Home & Bedding

• By Technology: Cooling Finishes, Phase Change Materials, Nanoparticle-Based Cooling

Regional Insights

• North America: Leading the market due to strong adoption in sportswear, military clothing, and advanced R&D.

• Europe: Growth supported by high demand for sustainable and innovative textiles.

• Asia-Pacific: Expected to witness the fastest growth with rising textile manufacturing, growing middle-class income, and increasing awareness of functional fabrics.

• Middle East & Africa / Latin America: Emerging markets with opportunities in sports and protective wear.

The global cooling fabrics market research report presents an in-depth analysis of the industry, highlighting key areas such as company profiles, fabric types, and major applications. It also provides valuable insights into prevailing market trends, growth dynamics, and notable industry developments. Furthermore, the report examines multiple factors that have driven the market’s expansion in recent years.

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KEY INDUSTRY DEVELOPMENTS

• January 2023: NILIT launched a new version of SENSIL EcoCare. The recycled Nylon 6.6 material is now made entirely from U.S.-sourced materials and manufactured at the company's North American facility in Martinsville, VA.
• January 2022: HeiQ Materials AG launched HeiQ Cool, a new textile cooling technology that delivers both instant contact and continuous evaporative cooling. It's a significant development that could benefit those in hot or humid climates.