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Report
Cooling Fabrics - Company Evaluation Report, 2025
Market Report I 2025-08-01 I 102 Pages I MarketsandMarkets
The Cooling Fabrics Companies Quadrant is a comprehensive industry analysis that provides valuable insights into the global market for Cooling Fabrics. This quadrant offers a detailed evaluation of key market players, technological advancements, product innovations, and industry trends. MarketsandMarkets 360 Quadrants evaluated over 107 companies, of which the Top 16 Cooling Fabrics Companies were categorized and recognized as quadrant leaders.
Cooling fabrics are advanced textiles specifically engineered to enhance thermal comfort by actively managing heat and moisture. These materials function through several innovative mechanisms; some utilize advanced moisture-wicking fibers that rapidly pull sweat away from the skin for quick evaporation, creating a cooling effect. Others embed minerals like jade or titanium dioxide directly into the yarn to conduct heat away from the body. The most sophisticated types incorporate phase-change materials (PCMs), which absorb and store body heat when the wearer is warm and release it when they cool down, providing dynamic temperature regulation.
The primary driver for the cooling fabrics market is the sports and outdoor apparel industry, where athletes and fitness enthusiasts demand high-performance wear that helps regulate body temperature during intense activity. This demand is expanding into everyday fashion and workwear as rising global temperatures and a greater focus on personal comfort and wellness influence consumer choices. The application of these textiles is also growing in sectors like home goods for cooling bed sheets and pillows, medical products for fever management, and industrial personal protective equipment (PPE) to mitigate heat stress for workers.
Despite growing demand, certain challenges limit broader market penetration. The advanced technology and manufacturing processes make cooling fabrics significantly more expensive than conventional textiles, which can be a barrier for cost-conscious consumers. The durability of the cooling properties over the garment's lifespan, especially after repeated washing, can be a concern for some technologies. There can also be a trade-off between achieving a high cooling effect and maintaining other desired fabric qualities like softness, texture, and breathability, presenting an ongoing challenge for textile engineers.
The 360 Quadrant maps the Cooling Fabrics companies based on criteria such as revenue, geographic presence, growth strategies, investments, and sales strategies for the market presence of the Cooling Fabrics quadrant. The top criteria for product footprint evaluation included Type [Natural, Synthetic], Textile Type [Woven, Knitted, Nonwoven], Application [Sports Apparel, Lifestyle Apparel, Protective Clothing, Other Applications].
Key Players:
Major vendors in the Cooling Fabrics market are Coolcore (US), Ahlstrom (Finland), NILIT (Israel), Polartec (US), Nan Ya Plastics Corporation (Taiwan), TexRay Industrial Co., Ltd. (Taiwan), Formosa Taffeta Co., Ltd. (Taiwan), Asahi Kasei Corporation (Japan), Everest Textile Co., Ltd. (Taiwan), Nanotex (US), Burlington (US), LIBOLON (Taiwan), Columbia Sportswear Company (US), Liebaert (Belgium), HeiQ Materials AG (Switzerland), Patagonia (US), and Virus (US). These companies are actively investing in research and development, forming strategic partnerships, and engaging in collaborative initiatives to drive innovation, expand their global footprint, and maintain a competitive edge in this rapidly evolving market.
Top three companies:
Coolcore (US)
Coolcore is a leading US-based innovator in thermoregulating textiles, renowned for its patented, chemical-free cooling fabric technology. The company operates both as a direct-to-consumer brand and, more significantly, as a key technology partner for the global apparel industry. Its core strategy is focused on ingredient branding, embedding its technology into leading sports, workwear, and lifestyle brands. By offering a sustainable, high-performance alternative to chemical treatments, Coolcore solidifies its niche leadership and expands its applications into new textile markets, including medical and home goods.
Ahlstrom (Finland)
Ahlstrom is a global leader in sustainable, fiber-based specialty materials, serving a diverse range of industries from healthcare to transportation and food packaging. The Finnish company produces a vast portfolio of essential products, including advanced filtration media, medical fabrics, and innovative packaging solutions. Ahlstrom's strategy is centered on providing sustainable alternatives to non-renewable materials, driven by innovation in fiber technology. By focusing on high-growth niches like diagnostics and water filtration, and with a strong presence in India, the company reinforces its position as a critical B2B supplier for a more sustainable world.
Nan Ya Plastics Corporation
Nan Ya Plastics Corporation, a core member of Taiwan's Formosa Plastics Group, is a global behemoth in plastics processing, polyester, and electronics materials. Its deeply integrated portfolio includes everything from polyester fibers to the high-tech copper-clad laminates essential for printed circuit boards. Nan Ya's strategy is to leverage its immense scale for cost leadership while advancing its position in high-value electronics materials for AI and automotive applications. The company is also increasingly focused on sustainability by expanding its recycled material offerings, securing its foundational role in global industrial supply chains.
1 INTRODUCTION 11
1.1 MARKET DEFINITION 11
1.2 INCLUSIONS AND EXCLUSIONS OF STUDY 11
1.3 STAKEHOLDERS 11
2 EXECUTIVE SUMMARY 12
3 MARKET OVERVIEW 16
3.1 INTRODUCTION 16
3.2 MARKET DYNAMICS 16
3.2.1 DRIVERS 17
3.2.1.1 Increasing demand for comfortable clothing 17
3.2.1.2 Rapid urbanization and improved standard of living 17
3.2.1.3 Rising awareness about heat stress and health 18
3.2.2 RESTRAINTS 18
3.2.2.1 High cost compared to regular fabrics 18
3.2.2.2 Limited awareness in developing regions 19
3.2.3 OPPORTUNITIES 19
3.2.3.1 Increasing use in medical and healthcare sectors 19
3.2.3.2 Development of sustainable and recyclable cooling fabrics 20
3.2.4 CHALLENGES 20
3.2.4.1 Low market penetration 20
3.2.4.2 Competition from alternative technologies 20
4 INDUSTRY TRENDS 22
4.1 VALUE CHAIN ANALYSIS 22
4.2 ECOSYSTEM MAPPING 24
4.3 PORTER'S FIVE FORCES ANALYSIS 25
4.3.1 BARGAINING POWER OF SUPPLIERS 27
4.3.2 THREAT OF NEW ENTRANTS 27
4.3.3 THREAT OF SUBSTITUTES 27
4.3.4 BARGAINING POWER OF BUYERS 27
4.3.5 INTENSITY OF COMPETITIVE RIVALRY 27
4.4 TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS 28
4.5 PATENT ANALYSIS 29
4.6 TECHNOLOGY ANALYSIS 31
4.6.1 KEY TECHNOLOGIES 31
4.6.1.1 Advanced moisture-wicking fabrics 31
4.6.1.2 Nanotechnology 33
4.6.2 COMPLEMENTARY TECHNOLOGIES 34
4.6.2.1 Hybrid cooling systems in cooling fabrics 34
4.6.2.2 Smart textiles 35
4.6.3 ADJACENT TECHNOLOGIES 37
4.6.3.1 Foam material technology in cooling fabrics 37
4.6.3.2 Evaporative cooling technology 38
4.7 KEY CONFERENCES AND EVENTS, 2024-2025 40
4.8 IMPACT OF AI/GEN AI 41
5 COMPETITIVE LANDSCAPE 42
5.1 INTRODUCTION 42
5.2 KEY PLAYER STRATEGY/RIGHT TO WIN 42
5.2.1 OVERVIEW OF STRATEGIES ADOPTED BY PLAYERS IN COOLING FABRICS MARKET 42
5.3 REVENUE ANALYSIS, 2021-2023 44
5.4 MARKET SHARE ANALYSIS, 2023 45
5.4.1 RANKING OF KEY MARKET PLAYERS, 2023 45
5.4.2 MARKET SHARE OF KEY PLAYERS 45
5.5 BRAND/PRODUCT COMPARATIVE ANALYSIS 47
5.6 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023 49
5.6.1 STARS 49
5.6.2 EMERGING LEADERS 49
5.6.3 PERVASIVE PLAYERS 49
5.6.4 PARTICIPANTS 49
5.6.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023 51
5.6.5.1 Company footprint 51
5.6.5.2 Type footprint 52
5.6.5.3 Textile type footprint 53
5.6.5.4 Application footprint 54
5.6.5.5 Region footprint 55
5.7 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023 56
5.7.1 PROGRESSIVE COMPANIES 56
5.7.2 RESPONSIVE COMPANIES 56
5.7.3 DYNAMIC COMPANIES 56
5.7.4 STARTING BLOCKS 56
5.7.5 COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023 58
5.7.5.1 Detailed list of key startups/SMEs 58
5.7.5.2 Competitive benchmarking of startups/SMEs 59
5.8 COMPANY VALUATION AND FINANCIAL METRICS 59
5.8.1 COMPANY VALUATION 59
5.8.2 FINANCIAL METRICS 60
5.9 COMPETITIVE SCENARIO 60
5.9.1 PRODUCT LAUNCHES 60
5.9.2 DEALS 62
6 COMPANY PROFILES 63
6.1 KEY PLAYERS 63
6.1.1 COOLCORE 63
6.1.1.1 Business overview 63
6.1.1.2 Products offered 63
6.1.1.3 Recent developments 64
6.1.1.3.1 Deals 64
6.1.1.4 MnM view 64
6.1.1.4.1 Key strengths 64
6.1.1.4.2 Strategic choices 64
6.1.1.4.3 Weaknesses and competitive threats 64
6.1.2 NAN YA PLASTICS CORPORATION 65
6.1.2.1 Business overview 65
6.1.2.2 Products offered 66
6.1.2.3 MnM view 67
6.1.2.3.1 Key strengths 67
6.1.2.3.2 Strategic choices 67
6.1.2.3.3 Weaknesses and competitive threats 67
6.1.3 AHLSTROM 68
6.1.3.1 Business overview 68
6.1.3.2 Products offered 68
6.1.3.3 MnM view 69
6.1.3.3.1 Key strengths 69
6.1.3.3.2 Strategic choices 69
6.1.3.3.3 Weaknesses and competitive threats 69
6.1.4 NILIT 70
6.1.4.1 Business overview 70
6.1.4.2 Products offered 70
6.1.4.3 Recent developments 71
6.1.4.3.1 Deals 71
6.1.4.4 MnM view 71
6.1.4.4.1 Key strengths 71
6.1.4.4.2 Strategic choices 71
6.1.4.4.3 Weaknesses and competitive threats 71
6.1.5 POLARTEC 72
6.1.5.1 Business overview 72
6.1.5.2 Products offered 72
6.1.5.3 Recent developments 73
6.1.5.3.1 Product launches 73
6.1.5.3.2 Deals 73
6.1.5.4 MnM view 73
6.1.5.4.1 Key strengths 73
6.1.5.4.2 Strategic choices 73
6.1.5.4.3 Weaknesses and competitive threats 74
6.1.6 TEXRAY INDUSTRIAL CO., LTD. 75
6.1.6.1 Business overview 75
6.1.6.2 Products offered 75
6.1.7 FORMOSA TAFFETA CO., LTD. 76
6.1.7.1 Business overview 76
6.1.7.2 Products offered 77
6.1.8 ASAHI KASEI CORPORATION 78
6.1.8.1 Business overview 78
6.1.8.2 Products offered 79
6.1.9 EVEREST TEXTILE CO., LTD. 80
6.1.9.1 Business overview 80
6.1.9.2 Products offered 80
6.1.10 NANOTEX 81
6.1.10.1 Business overview 81
6.1.10.2 Products offered 81
6.1.11 BURLINGTON 82
6.1.11.1 Business overview 82
6.1.11.2 Products offered 82
6.1.11.3 Recent developments 83
6.1.11.3.1 Product launches 83
6.1.12 LIBOLON 84
6.1.12.1 Business overview 84
6.1.12.2 Products offered 84
6.1.13 COLUMBIA SPORTSWEAR COMPANY 85
6.1.13.1 Business overview 85
6.1.13.2 Products offered 86
6.1.13.3 Recent developments 86
6.1.13.3.1 Expansions 86
6.1.14 LIEBAERT 87
6.1.14.1 Business overview 87
6.1.14.2 Products offered 87
6.1.14.3 Recent developments 87
6.1.14.3.1 Other developments 87
6.1.15 HEIQ MATERIALS AG 88
6.1.15.1 Business overview 88
6.1.15.2 Products offered 88
6.1.15.3 Recent developments 89
6.1.15.3.1 Product launches 89
6.1.15.3.2 Deals 89
6.1.16 PATAGONIA 90
6.1.16.1 Business overview 90
6.1.16.2 Products offered 90
6.1.17 VIRUS 92
6.1.17.1 Business overview 92
6.1.17.2 Products offered 92
6.2 OTHER PLAYERS 93
6.2.1 TEHRANI INDUSTRIAL GROUP 93
6.2.2 HONG LI TEXTILE CO., LTD. 93
6.2.3 SUN DREAM ENTERPRISE CO., LTD. 94
6.2.4 TECHNICAL ABSORBENTS LIMITED 94
6.2.5 BALAVIGNA MILLS PVT. LTD. 95
6.2.6 THE NORTH FACE 95
6.2.7 PARAMO LTD. 96
6.2.8 TOYOBO CO., LTD. 96
7 APPENDIX 97
7.1 RESEARCH METHODOLOGY 97
7.1.1 RESEARCH DATA 97
7.1.1.1 Secondary data 97
7.1.1.2 Primary data 98
7.1.2 RESEARCH ASSUMPTIONS 98
7.1.3 RISK ANALYSIS 99
7.2 COMPANY EVALUATION MATRIX: METHODOLOGY 99
7.3 AUTHOR DETAILS 102
TABLE 1 COOLING FABRICS MARKET: INCLUSIONS AND EXCLUSIONS OF STUDY 11
TABLE 2 COOLING FABRICS MARKET SNAPSHOT: 2024 VS. 2030 13
TABLE 3 COOLING FABRICS MARKET: ECOSYSTEM 25
TABLE 4 COOLING FABRICS MARKET: PORTER'S FIVE FORCES ANALYSIS 26
TABLE 5 COOLING FABRICS MARKET: LIST OF MAJOR PATENTS,
JANUARY 2014-SEPTEMBER 2024 30
TABLE 6 KEY CONFERENCES AND EVENTS, 2024-2025 40
TABLE 7 OVERVIEW OF STRATEGIES DEPLOYED BY KEY PLAYERS IN
COOLING FABRICS MARKET 42
TABLE 8 COOLING FABRICS MARKET: DEGREE OF COMPETITION 46
TABLE 9 COOLING FABRICS MARKET: TYPE FOOTPRINT 52
TABLE 10 COOLING FABRICS MARKET: TEXTILE TYPE FOOTPRINT 53
TABLE 11 COOLING FABRICS MARKET: APPLICATION FOOTPRINT 54
TABLE 12 COOLING FABRICS MARKET: REGION FOOTPRINT 55
TABLE 13 COOLING FABRICS MARKET: DETAILED LIST OF KEY STARTUPS/SMES 58
TABLE 14 COOLING FABRICS MARKET: COMPETITIVE BENCHMARKING OF STARTUPS/SMES 59
TABLE 15 COOLING FABRICS MARKET: PRODUCT LAUNCHES,
JANUARY 2019-NOVEMBER 2024 61
TABLE 16 COOLING FABRICS MARKET: DEALS, JANUARY 2019-NOVEMBER 2024 62
TABLE 17 COOLCORE: COMPANY OVERVIEW 63
TABLE 18 COOLCORE: PRODUCTS OFFERED 63
TABLE 19 COOLCORE: DEALS, JANUARY 2019-NOVEMBER 2024 64
TABLE 20 NAN YA PLASTICS CORPORATION: COMPANY OVERVIEW 65
TABLE 21 NAN YA PLASTICS CORPORATION: PRODUCTS OFFERED 66
TABLE 22 AHLSTROM: COMPANY OVERVIEW 68
TABLE 23 AHLSTROM: PRODUCTS OFFERED 68
TABLE 24 NILIT: COMPANY OVERVIEW 70
TABLE 25 NILIT: PRODUCTS OFFERED 70
TABLE 26 NILIT: DEALS, JANUARY 2019-NOVEMBER 2024 71
TABLE 27 POLARTEC: COMPANY OVERVIEW 72
TABLE 28 POLARTEC: PRODUCTS OFFERED 72
TABLE 29 POLARTEC: PRODUCT LAUNCHES, JANUARY 2019-NOVEMBER 2024 73
TABLE 30 POLARTEC: DEALS, JANUARY 2019-NOVEMBER 2024 73
TABLE 31 TEXRAY INDUSTRIAL CO., LTD.: COMPANY OVERVIEW 75
TABLE 32 TEXRAY INDUSTRIAL CO., LTD.: PRODUCTS OFFERED 75
TABLE 33 FORMOSA TAFFETA CO., LTD.: COMPANY OVERVIEW 76
TABLE 34 FORMOSA TAFFETA CO., LTD.: PRODUCTS OFFERED 77
TABLE 35 ASAHI KASEI CORPORATION: COMPANY OVERVIEW 78
TABLE 36 ASAHI KASEI CORPORATION: PRODUCTS OFFERED 79
TABLE 37 EVEREST TEXTILE CO., LTD.: COMPANY OVERVIEW 80
TABLE 38 EVEREST TEXTILE CO., LTD.: PRODUCTS OFFERED 80
TABLE 39 NANOTEX: COMPANY OVERVIEW 81
TABLE 40 NANOTEX: PRODUCTS OFFERED 81
TABLE 41 BURLINGTON: COMPANY OVERVIEW 82
TABLE 42 BURLINGTON: PRODUCTS OFFERED 82
TABLE 43 BURLINGTON: PRODUCT LAUNCHES, JANUARY 2019-NOVEMBER 2024 83
TABLE 44 LIBOLON: COMPANY OVERVIEW 84
TABLE 45 LIBOLON: PRODUCTS OFFERED 84
TABLE 46 COLUMBIA SPORTSWEAR COMPANY: COMPANY OVERVIEW 85
TABLE 47 COLUMBIA SPORTSWEAR COMPANY: PRODUCTS OFFERED 86
TABLE 48 COLUMBIA SPORTSWEAR COMPANY: EXPANSIONS,
JANUARY 2019-NOVEMBER 2024 86
TABLE 49 LIEBAERT: COMPANY OVERVIEW 87
TABLE 50 LIEBAERT: PRODUCTS OFFERED 87
TABLE 51 LIEBAERT: OTHER DEVELOPMENTS, JANUARY 2019-NOVEMBER 2024 87
TABLE 52 HEIQ MATERIALS AG: COMPANY OVERVIEW 88
TABLE 53 HEIQ MATERIALS AG: PRODUCTS OFFERED 88
TABLE 54 HEIQ MATERIALS AG: PRODUCT LAUNCHES, JANUARY 2019-NOVEMBER 2024 89
TABLE 55 HEIQ MATERIALS AG: DEALS, JANUARY 2019-NOVEMBER 2024 89
TABLE 56 PATAGONIA: COMPANY OVERVIEW 90
TABLE 57 PATAGONIA: PRODUCTS OFFERED 90
TABLE 58 VIRUS: COMPANY OVERVIEW 92
TABLE 59 VIRUS: PRODUCTS OFFERED 92
TABLE 60 TEHRANI INDUSTRIAL GROUP: COMPANY OVERVIEW 93
TABLE 61 HONG LI TEXTILE CO., LTD.: COMPANY OVERVIEW 93
TABLE 62 SUN DREAM ENTERPRISE CO., LTD.: COMPANY OVERVIEW 94
TABLE 63 TECHNICAL ABSORBENTS LIMITED: COMPANY OVERVIEW 94
TABLE 64 BALAVIGNA MILLS PVT. LTD.: COMPANY OVERVIEW 95
TABLE 65 THE NORTH FACE: COMPANY OVERVIEW 95
TABLE 66 PARAMO LTD.: COMPANY OVERVIEW 96
TABLE 67 TOYOBO CO., LTD.: COMPANY OVERVIEW 96
FIGURE 1 SYNTHETIC SEGMENT TO HOLD LARGER MARKET SHARE IN 2024 13
FIGURE 2 KNITTED SEGMENT TO DOMINATE MARKET IN 2024 14
FIGURE 3 SPORTS APPAREL SEGMENT TO DOMINATE MARKET IN 2024 14
FIGURE 4 NORTH AMERICA ACCOUNTED FOR LARGEST MARKET SHARE IN 2023 15
FIGURE 5 COOLING FABRICS MARKET: DRIVERS, RESTRAINTS,
OPPORTUNITIES, AND CHALLENGES 16
FIGURE 6 NUMBER OF PEOPLE LIVING IN URBAN AND
RURAL AREAS WORLDWIDE, 1960-2022 (BILLION) 18
FIGURE 7 COOLING FABRICS MARKET: VALUE CHAIN ANALYSIS 22
FIGURE 8 COOLING FABRICS MARKET: ECOSYSTEM MAP 24
FIGURE 9 COOLING FABRICS MARKET: PORTER'S FIVE FORCES ANALYSIS 26
FIGURE 10 TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS 28
FIGURE 11 MAJOR PATENTS RELATED TO COOLING FABRICS,
JANUARY 2014-SEPTEMBER 2024 29
FIGURE 12 REVENUE ANALYSIS OF KEY PLAYERS IN COOLING FABRICS MARKET,
2019-2023 (USD BILLION) 44
FIGURE 13 RANKING OF TOP FIVE PLAYERS IN COOLING FABRICS MARKET, 2023 45
FIGURE 14 MARKET SHARE ANALYSIS OF KEY PLAYERS IN COOLING FABRICS MARKET (2023) 45
FIGURE 15 COOLING FABRICS MARKET: PRODUCT ANALYSIS FOR COOLING FABRICS 47
FIGURE 16 COOLING FABRICS MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2023 50
FIGURE 17 COOLING FABRICS MARKET: COMPANY FOOTPRINT 51
FIGURE 18 COOLING FABRICS MARKET: COMPANY EVALUATION MATRIX
(STARTUPS/SMES), 2023 57
FIGURE 19 COMPANY VALUATION OF KEY PLAYERS IN
COOLING FABRICS MARKET (USD BILLION) 59
FIGURE 20 EV/EBITDA OF KEY VENDORS IN COOLING FABRICS MARKET 60
FIGURE 21 YEAR-TO-DATE (YTD) PRICE TOTAL RETURN AND
5-YEAR STOCK BETA OF KEY VENDORS 60
FIGURE 22 NAN YA PLASTICS CORPORATION: COMPANY SNAPSHOT 66
FIGURE 23 FORMOSA TAFFETA CO., LTD.: COMPANY SNAPSHOT 76
FIGURE 24 ASAHI KASEI CORPORATION: COMPANY SNAPSHOT 78
FIGURE 25 COLUMBIA SPORTSWEAR COMPANY: COMPANY SNAPSHOT 85
FIGURE 26 COOLING FABRICS MARKET: RESEARCH DESIGN 97
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