Spider Silk Market Size, Opportunities, Trends, Growth Factors, Revenue Analysis, For 2021–2028
The global spider
silk market size reached USD 1.26 Billion in 2021 and is expected to
register a revenue CAGR of 19.2% during the forecast period, according to
latest analysis by Emergen Research. Increasing demand for high resilient
synthetic fiber and biofabrics is expected to support market revenue
growth during 2022-2030.
Market Size – USD
1.26 Billion in 2021, Market Growth – at a CAGR of 19.2%, Market Trend – Rapid
advancements in genetic engineering
Petrochemicals are products of petroleum from which
different types of fibers, such as nylon, polyester, and acrylic are prepared.
Currently, the most common manufactured fibers are petroleum-based, but most of
these fibers are non-biodegradable and cause pollution during manufacturing. In
addition, these fibers absorb very little moisture and therefore, stick to the
body while sweating in warm environments. This is leading to rising demand for
more eco-friendly, resilient, and comfortable fibers, contributing to
increasing demand for highly resilient synthetic fibers, such as spider silk.
Furthermore, increasing demand for biofabrics is expected to contribute to
market revenue growth during the forecast period.
Increasing demand for
high resilient synthetic fiber and rising demand for biofabrics are some key
factors driving market revenue growth
Rapid advancements in genetic engineering is expected to
have a positive impact on revenue growth of the market. Advancements in genetic
engineering have enabled scientists to extract the protein from spiders that is
used to make spider silk. The specific composition of amino acid sequences that
form highly repetitive domains of fibroin and spidroin makes spider silk more
resilient, with better mechanical properties, such as high toughness,
elasticity, and mechanical strength. Recombinant spider silk production
techniques and purification methods have enabled scientists and enterprises to
extract modified versions of spider silk. Increasing commercialization of
spider silk is expected to increase demand for it and thereby contribute to
market reveue growth.
However, high cost of manufacturing has been a significant
restraining factor for the global spider silk market. Moreover, the
cannibalistic and territorial nature of spiders makes it extremely difficult to
farm spiders for large-scale production of fabric. In addition, the limited
amount of silk produced by spiders makes large-scale commercial production of
spider silk difficult.
The major companies Covered in the report
are:
Dave & Buster's Inc., Cinergy Entertainment Group, Inc.,
The Walt Disney Company, Legoland Discovery Centre, Smaaash Entertainment Pvt
Ltd., Lucky Strike Entertainment, LLC, Scene75 Entertainment Center, CEC
Entertainment Inc., Bandai Namco Entertainment Inc., and Main Event
Entertainment, LP
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The report offers an accurate forecast estimation of the Spider
Silk industry based on the recent technological and research advancements. It
also offers valuable data to assist the investors in formulating strategic
business investment plans and capitalize on the emerging growth prospects in
the Spider Silk market.
Segments Covered in this report are:
Emergen Research has segmented the global spider silk
market on the basis of technology, application, and region:
- Technology
Outlook (Revenue, USD Billion, Volume, Metric Ton; 2019–2030)
- Genetically Modified E-coli Fermentation
- Genetically Modified Silkworm
- Genetically Modified Yeast Fermentation
- Others
- Application
Outlook (Revenue, USD Billion, Volume, Metric Ton; 2019–2030)
- Automotive
- Defense
- Healthcare
- Textile
- Others
- Regional
Outlook (Revenue, USD Billion, Volume, Metric Ton; 2019–2030)
- North
America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- BENELUX
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin
America
- Brazil
- Rest of LATAM
- Middle
East & Africa
- Saudi Arabia
- UAE
- South Africa
- Turkey
- Rest of MEA
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Key highlights of this research report:
- Genetically
modified silkworm segment revenue is expected to register a substantially
rapid CAGR during the forecast period, due to increasing investments in
research to develop genetically modified silkworms, which can produce
spider silk for commercial purposes.
- Healthcare
segment is expected to register a rapid revenue CAGR over the forecast
period, owing to high biocompatibility and unique potential of spider silk
for a wide range of medical applications.
- North
America is expected to register a rapid revenue growth rate in the global
spider silk market over the forecast period, which can be attributed to
robust presence of international and domestic enterprises providing spider
silk products, such as Kraig Biocraft Laboratories, Inc., Bolt Threads,
Inc., Technology Holding LLC, and Spidey Tek, Inc, among others, in the
region.
- In
May 2020, Seevix Material Sciences Ltd., which develops and manufactures
SVX synthetic spider silk, announced to use its proprietary technology to
create disposable and safe filters with high capture and inactivation, to
neutralize COVID-19 and other coronaviruses efficiently. The filter can
create thousands of virus-specific binding sites based on specific peptide
sequences, which can bind to SARS-CoV2 particles and integrate them into
SVX fibers, to immobilize viral particles and prevent their spread.
Binding peptides can rapidly adapt to different viruses and mutant virus
strains.
The professional intelligence study on the Spider Silk market
addresses some of the most critical questions:
What market
size will 2031 be, and what growth rate will it experience?
What are
the key trends in the Market?
What are
the driving forces behind the Spider Silk market?
What are
the obstacles to market growth?
Which are
the top vendors in this space?
What are
the threats and opportunities in the market for key vendors?
What are
the strengths or weaknesses of critical vendors?
What are
the future opportunities for the players in the Spider Silk market?
What are
the main issues facing the global Spider Silk market?
How does
the competitive landscape look?
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Table of Contents:
Report Overview: It
includes the objectives and scope of the study and gives highlights of key market
segments and players covered. It also includes years considered for the
research study.
Executive Summary: It
covers industry trends with high focus on market use cases and top market
trends, market size by regions, and global market size. It also covers market
share and growth rate by regions.
Key Players: Here,
the report concentrates on mergers and acquisitions, expansions, analysis of
key players, establishment date of companies, and areas served, manufacturing
base, and revenue of key players.
Breakdown by Product
and Application: This section provides details about market size by
product and application.
Regional Analysis: All
of the regions and countries analyzed in the report are studied on the basis of
market size by product and application, key players, and market forecast.
Profiles of
International Players: Here, players are evaluated on the basis of
their gross margin, price, sales, revenue, business, products, and other
company details.
Market Dynamics: It
includes supply chain analysis, analysis of regional marketing, challenges,
opportunities, and drivers analyzed in the report.
Appendix: It
includes details about research and methodology approach, research methodology,
data sources, authors of the study, and a disclaimer.
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