Published Date: 21-Apr-2021
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According to a new report Global Cooling Fabrics Market, published by KBV research, The Global Cooling Fabrics Market size is expected to reach $3.6 billion by 2026, rising at a market growth of 17.3% CAGR during the forecast period.
The natural segment obtained a comparatively low revenue share in 2019. Though, the increasing environmental concerns would fuel the demand of the segment. The product would display a substantial growth rate during the forecast period due to its characteristics like high biodegradability & breathability. Natural fabrics consist of inherent ventilation properties but are expensive & less durable than synthetic fabrics.
The sports apparel segment procured the highest revenue share of the global cooling fabrics market due to the growing utilization of these wearables to eliminate perspiration while going through any fitness activity. The innate properties of these wearables like moisture-wicking & temperature regulation have massive utilization to the athletes & other people. Hence, the sports segment would be the highest-growing application segment during the forecast period.
The North America market dominated the Global Cooling Fabrics Market by Region in 2019. The U.S. market obtained the major share of the North American Market in 2019 due to the increasing demand from the sports industry and various recent technological developments. The rising utilization of cooling fabrics in the military & industrial sectors would accelerate the growth of the market in the next few years. The Europe market is estimated to grow at a CAGR of 16.9% during (2020 - 2026). Additionally, The Asia Pacific market would witness a CAGR of 18.7% during (2020 - 2026).
Full Report: https://www.kbvresearch.com/cooling-fabrics-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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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