Dublin, March 25, 2024 (GLOBE NEWSWIRE) -- The "Synthetic Spider Silk Market Report: Trends, Forecast and Competitive Analysis" report has been added to ResearchAndMarkets.com's offering.
The global synthetic spider silk market is expected to reach an estimated $690.2 million by 2030 with a CAGR of 12.9% from 2023 to 2030. The major drivers for this market are increasing adoption of biodegradable product among consumers and easy availability of raw materials to manufacture. The future of the market looks promising with opportunities in the textile, automotive, defense, and health care industries.
Synthetic Spider Silk Market by Segment
The study includes a forecast for the global synthetic spider silk market by technology, application, and region, as follows:
Synthetic Spider Silk Market by Technology [Shipment Analysis by Value from 2018 to 2030]:
- Genetically Modified E-Coli Fermentation
- Genetically Modified Silkworm
- Genetically Modified Yeast Fermentation
- Others
Genetically modified E-Coli fermentation is expected to remain the largest segment over the forecast period due to its advantages like high-density fermentation and improved product quality.
Synthetic Spider Silk Market by Application [Shipment Analysis by Value from 2018 to 2030]:
- Textile
- Automotive
- Defense
- Health Care
- Others
Automotive is expected to remain the largest segment due to the high usage of the automotive interior parts such as seats, covers, and airbags.
Synthetic Spider Silk Market by Region [Shipment Analysis by Value from 2018 to 2030]:
- North America
- Europe
- Asia Pacific
- The Rest of the World
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.
List of Synthetic Spider Silk Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies synthetic spider silk companies cater to increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the synthetic spider silk companies profiled in this report include.
- AMSilk GmbH
- Kraig Biocraft Laboratories
- Spiber
- Bolt Threads
- Inspidere
- Seevix
- Spintex Engineering
Features of the Synthetic Spider Silk Market
- Market Size Estimates: Synthetic spider silk market size estimation in terms of value ($B)
- Trend And Forecast Analysis: Market trends (2018-2023) and forecast (2024-2030) by various segments and regions.
- Segmentation Analysis: Synthetic spider silk market size by various segments, such as by technology, application and region
- Regional Analysis: Synthetic spider silk market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
- Growth Opportunities: Analysis on growth opportunities in different by technology, application and regions for the synthetic spider silk market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape for the synthetic spider silk market.
- Analysis of competitive intensity of the industry based on Porter's Five Forces model.
For more information about this report visit https://www.researchandmarkets.com/r/ii1s92
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