According to the recent study the synthetic spider silk market is projected to reach an estimated $XX billion by 2028 from $XX billion in 2023, at a CAGR of 19% to 21% from 2023 to 2028. Growth in this market is primarily driven by increasing adoption of biodegradable product among consumers and easy availability of raw materials to manufacture.
Browse XX figures / charts and XX tables in this 150 -page report to understand trends, opportunities and forecast in synthetic spider silk market by technology (genetically modified e-coli fermentation, genetically modified silkworm, genetically modified yeast fermentation, and others), application (textile, automotive, defense, health care, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
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“Textile market is expected to remain the largest segment during the forecast period.”
Based on application, the synthetic spider silk market is segmented into textile, automotive, defense, health care, and others. Lucintel forecasts that the textile market is expected to remain the largest segment due to the high usage of synthetic spider silk in manufacturing of sports apparel.
“Asia pacific will dominate the synthetic spider silk market in near future”
North America will remain the largest region due to the increasing usage of synthetic spider silk fibers in the production of automotive, aerospace, and defence body armor the region.
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Major players of synthetic spider silk market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. AMSilk GmbH, Kraig Biocraft Laboratories, Spiber, Bolt Threads, Inspidere, Seevix, Spintex Engineering are among the major synthetic spider silk providers.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/synthetic-spider-silk-market.aspx or [email protected]