Scienza e Tecnologia
Spider Silk Market Size To Reach USD 6.05 Billion In 2030 | Increasing Number Of Businesses Adopting Spider Silk For Manufacturing Various Products, Says Emergen Research
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Since natural production of spider silk using spiders have limitations due to problems with cultured spiders, recombinant production of spider silk protein is considered the best method to obtain sufficient material. Availability and superior manufacturability of recombinantly produced spider silk proteins have paved the way for modern biomedical applications. This is expected to lead to rise in demand for spider silk, and thereby contribute to revenue growth of the global market.
High cost of manufacturing spider silk has hampered revenue growth of the global spider silk market. In addition, the cannibalistic and territorial nature of spiders makes it extremely difficult to farm spiders for commercial production of fabric. Similarly, the limited amount of silk produced by spiders is another restraining factor for commercial production of spider silk. These factors are expected to hamper market revenue growth during the forecast period.
The global spider silk market is expected to register a CAGR of 19.2% over the forecast period, and revenue is expected to increase from USD 1.26 billion in 2021 to USD 6.05 billion in 2030. Increase in demand for textile products in automotive, defense, and healthcare industries, as well as growing demand for biodegradable and biocompatible materials, are some major factors driving market revenue growth.
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The COVID-19 pandemic led to downsizing of various businesses, which limited revenue growth of the global spider silk market. Complete lockdowns and restrained movements significantly impacted production activities. Moreover, resources were directed towards containing the pandemic, which also affected market revenue growth adversely. However, the market is expected to recuperate gradually, due to research, development, and production activities, thereby generating growth opportunities.
Increasing number of businesses adopting spider silk for manufacturing various products, due to its unique ability to combine both strength and extensibility, has led to rise in demand for spider silk. Various biomaterial companies are, therefore, trying to artificially re-create spider silk, which spiders use to form webs or cocoons. Moreover, product-based companies are increasingy adopting alternative fabrics that are eco-friendly and biodegradable, which is expected to drive revenue growth of the market significantly.
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Asia-Pacific market is expected to register a significantly rapid growth rate during the forecast period, due to increasing government and private investment in research & development of processes that can be employed for mass production of spider silk for commercial purposes. In addition, increasing adoption of high strength and resilient fabrics in the defense industry, to manufacture body armors and parachutes, is expected to increase demand for spider silk and thereby boost revenue growth of the market.
Some major companies included in the market report are Kraig Biocraft Laboratories, Inc., AMSilk GmbH, Bolt Threads, Inc., Spiber, Inc., Seevix Material Sciences Ltd., Inspidere BV, Technology Holding LLC, Spintex Engineering Ltd., Spiber Technologies AB, Spidey Tek, Inc., and Xampla Ltd.
https://www.emergenresearch.com/industry-report/spider-silk-market
Emergen Research has segmented the global spider silk market on the basis of technology, application, and region:
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