Cooling Fabrics Market Key Stakeholders, Market Dynamics & Competitive Landscape Forecast by 2024by Devanshu Raizada A Digital Marketing Executive
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.
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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 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.
The major driver identified in the cooling fabrics market is the growing awareness of individuals toward comfortable clothing materials. In countries such as the U.S., China, Brazil, Russia, and Malaysia, the sports industry is witnessing a rapid growth. Moreover, sportspersons in these countries are becoming increasingly aware about the need for comfort clothing, which eventually enhances the comfort level during the sports events. Owing to this, a large number of sportspersons are opting for better fabrics for their clothes. The growing awareness among these individuals will continue to act as a major driver for the growth of the market during the forecast period.
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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.
Created on Jul 8th 2019 06:08. Viewed 292 times.