The Business Research Company Global Cooling Fabrics Market Report 2021: Impact and Recovery of COVID-19
LONDON, GREATER LONDON, UK, June 2, 2021 /EINPresswire.com/ – The growing demand for sportswear is expected to propel the growth of the self-cooling fabrics market in the years to come. Sportswear is clothing that is worn during intense sports tasks such as training or playing sports. Athletes tend to wear outfits made of cooling fabrics to stay dry on the pitch, which allows the wearer to be more relaxed and thus contributes to the success of sporting events. For example, the revenue of the global sportswear industry is expected to increase from $ 181 billion in 2019 to $ 208 billion by 2025. Hence, the growing demand for sportswear is driving the growth of the fabrics market. refreshing.
The cooling fabrics market includes sales of cooling fabrics by entities (organizations, independent traders and partnerships) that are engaged in the manufacture of cooling fabrics. Cooling fabrics are practical fabrics that keep the body temperature at a reasonable level in hot weather and during physical activity.
The global cooling fabrics market is segmented by type into synthetic, natural, by type of textile into woven, non-woven, knitted, etc., and by application in sportswear, lifestyle, protective clothing, etc.
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The global cooling fabrics market size is expected to grow from $ 1.99 billion in 2020 to $ 2.35 billion in 2021 at a compound annual growth rate (CAGR) of 18.4%. The growth is mainly due to the growing awareness of health and therefore the increasing participation in regular exercise and sports, which increases the demand for sportswear made from refreshing fabrics. The market is expected to reach $ 3.44 billion in 2025 at a CAGR of 9.9%.
North America was the largest region of the cooling fabrics market in 2020. Asia-Pacific is expected to register the fastest growth during the forecast period. The regions covered by the Cooling Fabrics Market report are Asia Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The major players in the cooling fabrics market are Coolcore LLC, Ahlstrom-Munksjö, Formosa Taffeta Co. Ltd., Hong Li Textile Co. Ltd., Nilit, Tex-Ray Industrial Co. Ltd., Formosa Taffeta Co. Ltd., Asahi Kasei Corporation, Hexarmor, Invista, Adidas AG, Sun Dream Enterprise Co. Ltd, Everest Textile Co. Ltd, Nanotex LLC, Singtex Industrial Co. Ltd and Nike Inc.
Cooling Fabrics Global Market Report 2021: COVID-19 Impact And Recovery is part of a series of new reports from The Business Research Company that provides global Cooling Fabrics market overview, tissue market size and growth forecast for the entire market segments and geographies, global cooling fabrics market trends, global cooling fabrics market drivers, restraints, revenue, profiles and market share of major competitors.
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