According to a report by MarketsandMarkets.com, the global cooling fabrics market size is estimated to be USD 2.0 billion in 2020 and is expected to reach USD 2.6 billion by 2025, growing at a CAGR of 6.0% from 2020 to 2025. Increasing demand for sports apparel, protective wearing and growing research and development for cooling fabrics are the main factors that have led to the growth of the cooling fabrics market.
The synthetic segment is projected to grow at the highest CAGR during the forecast period. Synthetic cooling fabrics market account for the larger market share owing to better moisture-wicking properties and provides an enhanced cooling effect to the wearer compared to natural cooling fabrics. Synthetic fabrics have other qualities, such as high strength, endurance, high elasticity, and smooth texture, which are sometimes not achievable with natural fabrics.
Based on the application, sports apparel accounted for the largest share of the cooling fabrics market in 2019. This growth is mainly attributed to the increasing use of cooling fabrics while performing sports activities without hampering the performance of the wearer.