According to the recent study the global synthetic spider silk market is projected to reach an estimated $690 million by 2030 from $295 million in 2023 at a CAGR of 13% from 2023 to 2030. Growth in this market is primarily driven by increasing adoption of biodegradable product among consumers and easy availability of raw materials to manufacture.
A more than 150-page
report to understand trends, opportunities and forecast in global 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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synthetic
spider silk market.
Lucintel forecasts that
genetically modified E-Coil ferementation will remain the largest segment over
the forecast period due to its advantages like high-density fermentation and
improved product quality.
Automotive is expected
to remain the largest segment due to the high usage of the automotive interior
parts such as seats, covers, and airbags.
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.
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 write us at helpdesk@lucintel.com.
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal, ZACKS,
and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1 972.636.5056
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