As per the report published by The Brainy Insights, the global artificial spider silk market is expected to be USD 1.34 billion in 2022 to USD 7.45 billion by 2032, at a CAGR of 18.73% during the forecast period 2023-2032. The regions analyzed for the market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. North America emerged as the largest market for the global artificial spider silk market, with a 33.10% market revenue share in 2022. Nations such as U.S. and Canada have a tremendous demand for artificial spider silk among different end-users, which will expand the market enormously. Also, multiple key players in these countries will promote the artificial spider silks market growth.
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Artificial Spider Silk Market Size by Technology (Genetically Modified Silkworm, Genetically Modified Yeast Formation, Genetically Modified Escherichia Coli Bacteria Fermentation and Others), Application (Healthcare, Defense, Textile, Automotive and Others), Sales Channel (B2B and B2C), Regions, Global Industry Analysis, Share, Growth, Trends, and Forecast 2023 to 2032
Leading companies include AM Silk GmbH, Kraig Biocraft Laboratories, Inc., Bolt Threads Inc., Spiber Inc., Inspidere BV, Warwick Mills, Inc., Seevix, EC Plaza, VF Corporation, Linder Spruhsysteme, Groupe Beaumanoir, Silvano Fashion Group., among others. The significant players continuously focus on new product developments and venture capital investments to obtain market share.
The global artificial spider silk market has been segmented based on technology, application, sales channel and region. The technology segment is divided into genetically modified silkworms, genetically modified yeast formation, genetically modified Escherichia coli bacteria fermentation and others. The genetically modified Escherichia coli bacteria fermentation segment dominated the market, with a market share of around 31.92% in 2022. This technology helps to improve the quality of their product and provides highly dense artificial spider silk. Thus, many end-users demand artificial spider silk from genetically modified Escherichia coli bacteria fermentation. The application segment is divided into healthcare, defence, textile, automotive and others. The defence segment is expected to augment the market during the forecast period. Artificial silk is employed for numerous military applications, such as parachutes, because its wet qualities are significantly superior to rayon and silk. Military authorities prefer artificial spider silk as it can be used in diverse applications. The sales channel segment is divided into B2B and B2C. The B2B segment dominated the market, with a share of around 76.03% in 2022. Artificial spider silk is used in manufacturing different products for several applications. Business uses artificial spider silk for developing end-use products.
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Although its usage as a bioactive material in medication delivery and tissue regeneration is a relatively new idea, artificial spider silk is being investigated as an eco-friendly material that could revolutionize textiles, engineering, and aircraft production. Due to its characteristics, artificial silk can be utilized to create surgical sutures, artificial ligaments, and cell scaffolds for tissue repair. Manufacturers are now developing synthetic spider silk that has the same properties as natural spider silk, but can be used to replace the cellular matrix that human cells produce, speed up the development of new cells, and release antibiotics over time.
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