The Latin America, Middle East and Africa Cooling Fabrics Market would witness market growth of 18.3% CAGR during the forecast period (2020-2026). As the product is emerging as an intelligent & innovative fabric for garments, the demand for the product is witnessing a massive growth.
This fabric also aids in maintaining the wearer’s body cool, offers safety against heat stress, and evaporates sweat. During the forecast years, the demand for cooling fabrics is set to increase due to the increasing preferences for cooling fabrics, based on their inherent & unique benefits.
Cooling fabrics are associated with high costs, which make them expensive for most of the middle-class section. Comprehensive R&D combined with utilization of lavish materials, like nanomaterials and nanoporous polyethylene, in order to design cooling garments. Moreover, a lack of awareness among the consumers with respect to the cooling fabrics would also hamper the market growth. Further, makers must comply with various regulations & norms formulated by regulatory bodies in different countries.
The makers of cooling fabrics are consistently emphasizing the need for technological developments & innovations in the product. These advancements along with the competitive costs would accelerate the growth of the cooling fabrics market. Companies are putting massive investments in R&D to improve the product quality & to address the issues confronted while making cooling fabrics.
The Sports Apparel market dominated the South Africa Cooling Fabrics Market by Application in 2019, thereby, achieving a market value of $25.6 million by 2026. The Protective Wear market is exhibiting a CAGR of 18.3% during (2020 - 2026). Additionally, The Lifestyle market is expected to witness highest CAGR of 20.4% during (2020 - 2026).
Based on Application, the market is segmented into Sports Apparel, Protective Wear, Lifestyle and Other Applications. Based on Type, the market is segmented into Synthetic and Natural. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: Cooling Fabrics Market in LAMEA is expected to register a CAGR of 18.3% during the forecast period (2020-2026)
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Kraton Corporation, Ahlstrom-Munksjo Oyj, Asahi Kasei Corporation, Formosa Taffeta Co. Ltd., HexArmor, Tex-Ray Industrial Co., Ltd., Nilit Ltd., Koch Industries, Inc. (Invista BV), Coolcore LLC, and Milliken & Company.
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