report-bg

Synthetic Spider Silk Market Segmentation by Product (Genetically Modified Yeast Fermentation, Genetically Modified Silkworm, and Genetically Modified E-Coli Bacteria Fermentation); by Application (Automotive, Textile, Defense, Healthcare, and Others) – Global Demand Analysis & Opportunity Outlook 2029

Buy Now Report ID: 3114 | Published Date: Feb 10, 2023

Global Synthetic Spider Silk Market Regional Synopsis

On the basis of regional analysis, the synthetic spider silk market is segmented into five major regions, including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The market in the Asia-Pacific region is anticipated to hold the largest market share during the forecast period on the back of growing demand for synthetic spider silk in the automotive industry in the region for manufacturing airbags, tire cords, seat belts, and other automotive products. Furthermore, APAC is a lucrative region for airbags production with large automobile manufacturing volumes in countries such as China and Japan, which in turn is expected to boost the growth of the synthetic spider silk market in this region. China alone produced more than 29% of automobiles globally in 2019. However, North America is assessed to witness significant growth in the market during the forecast period on account of increasing investments in military products such as bulletproof vests and uniforms in countries, namely the U.S and Canada. CLICK TO DOWNLOAD SAMPLE REPORT 

Synthetic Spider Silk Market Share Graph

The synthetic spider silk market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis


RN
Synthetic Spider Silk Market Graph
Get more information on this report: Request Free Sample PDF

Major Macro-Economic Indicators Impacting the Market Growth

chemicals Image

The chemical industry is a major component of the economy. According to the U.S. Bureau of Economic Analysis, in 2020, for the U.S., the value added by chemical products as a percentage of GDP was around 1.9%. Additionally, according to the World Bank, Chemical industry in the U.S. accounted for 16.43% to manufacturing value-added in 2018. With the growing demand from end-users, the market for chemical products is expected to grow in future. According to UNEP (United Nations Environment Program), the sales of chemicals are projected to almost double from 2017 to 2030. In the current scenario, Asia Pacific is the largest chemical producing and consuming region. China has the world’s largest chemical industry, that accounted for annual sales of approximately more than USD 1.5 trillion, or about more than one-third of global sales, in recent years. Additionally, a vast consumer base and favorable government policies have boosted investment in China’s chemical industry. Easy availability of low-cost raw material & labor as well as government subsidies and relaxed environmental norms have served as a production base for key vendors globally. On the other hand, according to the FICCI (Federation of Indian Chambers of Commerce & Industry), the chemical industry in India was valued at 163 billion in 2019 and it contributed 3.4% to the global chemical industry. It ranks 6th in global chemical production. This statistic shows the lucrative opportunity for the investment in businesses in Asia Pacific countries in the upcoming years.


Market Segmentation

Market-Growth-Drivers

Our in-depth analysis of the synthetic spider silk market includes the following segments:

By Product

  • Genetically Modified Yeast Fermentation
  • Genetically Modified Silkworm
  • Genetically Modified Escherichia Coli Bacteria Fermentation

By Application

  • Automotive
  • Textile
  • Defense
  • Healthcare
  • Others

Growth Drivers

  • Rising Demand for Synthetic Spider Silk in the Defense and Healthcare Sectors
  • Technological Advancements to Develop Effective Manufacturing Techniques for Spider Silk

Challenges

  • Difficulties Associated with Farming Spiders
  • Lost Cost Effectiveness to Produce Fiber with Exact Required Properties


chemicals Image
Get more information on this report: Request Free Sample PDF

Top Featured Companies Dominating the Market

top-features-companies
    • KISCO LTD.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • AMSilk GmbH
    • Kraig Biocraft Laboratories, Inc.
    • Bolt Threads
    • Inspidere BV
    • Seevix
    • Spiber Inc.
    • Warwick Mills, Inc.
    • VF Corporation
    • Toyota Motor Sales, U.S.A., Inc. (Lexus)

In-the-news

In The News


preview-analysis

Global Economic Impact

Request Insights
Despite Inflation & Fearing Recession, Businesses Across the Globe Expected to Do Better in 2023:

In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.


Author Credits:  Smruti Ranjan, Rajrani Baghel


Key Questions Answered in the Report

1) What are the major factors driving the growth of the synthetic spider silk market?

Ans: Major growth drivers for the market is growing demand for synthetic spider silk in defense and healthcare sectors.

2) What would be the CAGR of synthetic spider silk market over the forecast period?

Ans: The market is anticipated to attain a robust CAGR over the forecast period, i.e., 2021 – 2029.

3) What are the challenges affecting the synthetic spider silk market growth?

Ans: Difficulties related to spider farming are estimated to hamper the market growth.

4) Which region will provide more business opportunities for growth of synthetic spider silk market in future?

Ans: North America will provide more business growth opportunities on the back of rising investments in military products in the region.

5) Who are the major players dominating the synthetic spider silk market?

Ans: The major players in the market are KISCO LTD., AMSilk GmbH, Kraig Biocraft Laboratories, Inc., Bolt Threads, and others.

6) How are the company profiles selected?

Ans: The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.

7) What are the segments in the synthetic spider silk market?

Ans: The market is segmented by product, application, and by region.

8) Which segment captures the largest market size in the application segment in the synthetic spider silk market?

Ans: The textile segment is anticipated to hold largest market size and is estimated to grow at a notable CAGR over the forecast period and display significant growth opportunities.

Let Us Hear About Your Requirements:

Submit Your Request For Proposal (RFP)

 Request Free Sample Copy