Silk Market Insight, Industry Analysis Report 2019 With Shengkun, Bolt Threads, EntoGenetics inc., AMSilk GmbH, Zhejiang Jiaxin Silk Corp, Kraig Biocraft Laboratories, Inc. , Wujiang Wanlong Textile, Anhui Taipingyang Special Fabric
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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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.
· Low funds requirement for setting-up the manufacturing process of this particular product; this factor is expected to drive the market growth
· Increasing innovations and advancements in the production techniques resulting in growth of the market
· High level of dependency on China region for the raw materials required in the production of end-product; this factor is expected to act as a restraint to the market growth
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Segmentation: Global Silk Market
· By Production Process
o Cocoon Production
· By Type
o Mulberry Silk
o Tussar Silk
o Eri Silk
o Spider Silk
· By Application
o Cosmetics & Medicine
· By Geography
o North America
o South America
· Rest of South America
· United Kingdom
· Rest of Europe
· South Korea
· Rest of Asia-Pacific
o Middle East and Africa
· South Africa
· Saudi Arabia
· United Arab Emirates
· Rest of Middle East and Africa
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