SYNTHETIC SPIDER SILK MARKET ANALYSIS

Synthetic Spider Silk Market, By Product Type (Genetically Modified Yeast Fermentation, Genetically Modified Silkworm, and Genetically Modified E-Coli Fermentation), By Application (Automotive, Textile, Healthcare, Defense, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

Published In : Jan 2023
Code : CMI1667
Pages :109
Formats :
Excel and PDF
Industry : Polymers and Resins

Synthetic Spider Silk MarketSize and Trends

Global synthetic spider silk market was valued at US$ 1059.00 Mn in 2021 in terms of revenue, exhibiting a CAGR of 7.01 % during the forecast period (2022 to 2030).

Figure 1. Global Synthetic Spider Silk Market Value Share (%), By Region, 2021

Market Trends

Among application, demand for synthetic spider silk in the defense sector is expected to increase by the end of the forecast period. Bulletproof vests are manufactured with Kevlar, a synthetic fiber woven into fabric and layered, thus making it stronger than steel. However, synthetic spider silk, owing to its high tensile strength and elasticity, is considered to be tougher than Kevlar, due to which manufacturers operating in the bulletproof vest industry are looking to incorporate synthetic spiders in their products.

Figure 2. Global Synthetic Spider Silk Market Value Share (%), By Product Type, 2021