Synthetic Spider Silk market was valued at US$ 13 million in 2022 and is anticipated to reach US$ 95 million by 2029, witnessing a CAGR of 32.5% - Valuates Repors

The global Synthetic Spider Silk market was valued at US$ 13 million in 2022 and is anticipated to reach US$ 95 million by 2029, witnessing a CAGR of 32.5% during the forecast period 2023-2029.

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Spider silk is among the strongest known biomaterials. It is the silk used for the framework of the web and it is used to catch the spider if it falls. As such, it is stronger and much more flexible than KEVLAR©. Due to its incredible mechanical properties, spider silk is being considered for use as a new biomaterial for drug delivery and tendon and ligament replacement/repair, as well as athletic gear, military applications, airbags, and tire cords. However, spiders cannot be farmed for their silk as they are cannibalistic and territorial. The most reasonable alternative for producing spider silk fibers is to utilize genetic engineering to produce the proteins in a foreign host and then spin fibers from the synthetic protein.
The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
At present, only four companies have realized the commercial production, Bolt Threads, Kraig Biocraft Laboratories, Spiber and AMSilk.

This report aims to provide a comprehensive presentation of the global market for Synthetic Spider Silk, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Synthetic Spider Silk.
The Synthetic Spider Silk market size, estimations, and forecasts are provided in terms of output/shipments (K MT) and revenue ($ millions), considering 2022 as the base year, with history and forecast data for the period from 2018 to 2029. This report segments the global Synthetic Spider Silk market comprehensively. Regional market sizes, concerning products by type, by application and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Synthetic Spider Silk manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by type, by application, and by regions.

Segment by Type
Genetically Modified Yeast Fermentation
Genetically Modified Silkworm
Genetically Modified E. Coli Fermentation
Others

Segment by Application
Automobile
Textile
Health Care
Military
Others

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