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The Global Synthetic Spider Silk Market Growth Accelerated By Strong Demand For Biocompatible Materials

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samruddhicmi12
The Global Synthetic Spider Silk Market Growth Accelerated By Strong Demand For Biocompatible Materials

Synthetic spider silk are fibers produced through genetic engineering that have mechanical and biochemical properties similar to spider silk. Synthetic spider silk offers excellent elasticity, tensile strength, durability and biocompatibility. They are used in various end-use industries such as textile, automotive, medical and others. Spider silk has lower density than steel and is five time tougher than Kevlar on weight basis.

The global Synthetic Spider Silk Market is estimated to be valued at US$ 1212.68 Mn in 2023 and is expected to exhibit a CAGR of 6.1% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

The strong demand for biocompatible and bioabsorbable materials from medical industry has been a major driver accelerating the growth of synthetic spider silk market. Synthetic spider silks are finding increasing adoption in medical applications such as sutures, tissue scaffolds and wound dressings due to their exceptional tensile strength, elasticity and long durability. Compared to conventional materials, spider silk can provide reduced inflammation response and improved compatibility with living tissues. Ongoing research and development activities by major players to expand spider silk applications in regenerative medicines and drug delivery systems are expected to open new revenue opportunities for market growth over the forecast period.

Segment Analysis

The global synthetic spider silk market is dominated by recombinant spider silk segment. This segment accounted for over 50% share of the overall market in 2023. Recombinant spider silk is produced through genetically modified microbial hosts that can produce synthetic spider silk proteins. It has similar qualities as natural spider silk such as strength, flexibility, toughness and biocompatibility. Recombinant spider silk is preferred by end use industries as it offers mass production capability and consistency in product quality compared to natural spider silk.

Key Takeaways

The Global Synthetic Spider Silk Market Analysis is expected to witness high growth over the forecast period. The global Synthetic Spider Silk Market is estimated to be valued at US$ 1212.68 Mn in 2023 and is expected to exhibit a CAGR of 6.1% over the forecast period 2023 to 2030.

Regional analysis shows that Asia Pacific dominated the market with over 35% share in 2023 owing to presence of leading producers of synthetic spider silk in countries like China and India. North America is the second largest regional market led by increasing R&D investments by players for development of advanced synthetic spider silk fibers and products.

Key players operating in the synthetic spider silk market are Kraig Biocraft Laboratories, Spiber Inc., AMSilk, and Bolt Threads. Kraig Biocraft Laboratories is a leading player focusing on developing transgenic silkworms capable of producing synthetic spider silk proteins. Spiber Inc. produces synthetic spider silk through bacterial fermentation process and supplies it for applications in textiles, biomedical and other industries.


For more insights, read- https://www.marketwebjournal.com/synthetic-spider-silk-is-driven-by-enhanced-properties-compared-to-natural-silk-share

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