Silk Market can be defined as protein fiber, which is utilized in the production of various textiles, composite materials, etc. Major silk production is done through natural processes but innovations and advancements in the market have resulted in this process changing to synthetic productions in labs. Its characteristics are having a natural sheen, which provides them with a sheen-like structure giving it different colors at different angles of view.
Global Silk Market is expected to rise from its initial estimated value of USD 13.54 billion in 2018 to a projected value of USD 24.27 billion by 2026, registering a CAGR of 7.57% in the forecast period of 2019-2026. This rise in market value can be attributed to growth of demand from various developing regions of the world.
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Competitive Analysis: Global Silk Market
Few of the major competitors currently present in the silk market are Anhui Silk; Zhejiang Jiaxin Silk Co., Ltd.; Sichuan Nanchong Liuhe (Group) Co., Ltd.; ShengKun Silk Manufacturing Co.,Ltd; China Zhongsi Group Co., Ltd.; Bolt Threads Inc.; Spiber Technologies; AMSilk GmbH and Kraig Biocraft Laboratories.
Key Pointers Covered in the Global Silk Market Trends and Forecast to 2026
- Global Silk Market New Sales Volumes
- Global Silk Market Replacement Sales Volumes
- Global Silk Market Installed Base
- Global Silk Market By Brands
- Global Silk Market Size
- Global Silk Market Procedure Volumes
- Global Silk Market Product Price Analysis
- Global Silk Market Healthcare Outcomes
- Global Silk Market Cost of Care Analysis
- Global Silk Market Regulatory Framework and Changes
- Global Silk Market Prices and Reimbursement Analysis
- Global Silk Market Shares in Different Regions
- Recent Developments for Global Silk Market Competitors
- Global Silk Market Upcoming Applications
- Global Silk Market Innovators Study
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Key Developments in the Market:
- In September 2018, AMSilk GmbH announced that they had agreed to a partnership with Airbus S.A.S. to create a spider-silk based material that could be used for the creation of lightweight, high-performance plane. This partnership shows an initiative taken by the organisations to commercialize the research activities conducted by the various silk manufacturers in the form of end-use products.
- In March 2017, Bolt Threads Inc. announced the launch of manmade spider silk based knitted necktie produced from 100% boltspun spider silk. This product is completely free of any oil or agricultural sources.
Scope of the Silk Market
- Global Silk Market By Production Process (Cocoon Production, Reeling, Throwing, Weaving, Dyeing), Type (Mulberry Silk, Tussar Silk, Eri Silk, Spider Silk), Application (Textile, Cosmetics & Medicine), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)– Industry Trends and Forecast to 2026
- Global Silk Market is expected to rise from its initial estimated value of USD 13.54 billion in 2018 to a projected value of USD 24.27 billion by 2026, registering a CAGR of 7.57% in the forecast period of 2019-2026. This rise in market value can be attributed to growth of demand from various developing regions of the world.
- Silk can be defined as protein fiber, which is utilized in the production of various textiles, composite materials, etc. Major silk production is done through natural processes but innovations and advancements in the market have resulted in this process changing to synthetic productions in labs. Its characteristics are having a natural sheen, which provides them with a sheen-like structure giving it different colors at different angles of view.
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Key insights in the report:
- Complete and distinct analysis of the market drivers and restraints
- Key Market players involved in this industry
- Detailed analysis of the Market Segmentation
- Competitive analysis of the key players involved
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