Global Silk Market Overview 2019-Integration Of Latest Technologies Into Existent Offerings To Industry Growth And Business Strategy
Data Bridge Market Research has recently added a concise research on Global Silk Market to depict valuable insights related to significant market trends driving the industry. The report features analysis based on key opportunities and challenges confronted by market leaders while highlighting their competitive setting and corporate strategies for the estimated timeline. Some are the key & emerging players that are part of coverage and have being profiled are China Zhongsi Group Co., Ltd.; Bolt Threads Inc.; Spiber Technologies; AMSilk GmbH and Kraig Biocraft Laboratories.
Definition:
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.
Analysis of Global Silk Market report:
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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Market Drivers:
- 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
Market Restraint:
- 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
Top Manufacturers Profiles Operating in the Global Silk Market:
Few of the major competitors currently present in the silk market are Anhui Silk; Zhejiang Jiaxin Silk Co., Ltd.; Sichuan Nanchong Liuhe (Group) Co., Ltd.; ShengKun Silk Manufacturing Co.,Ltd
Global Silk Market Segmentation:
By Production Process
- Cocoon Production
- Reeling
- Throwing
- Weaving
- Dyeing
By Type
- Mulberry Silk
- Tussar Silk
- Eri Silk
- Spider Silk
By Application
- Textile
- Cosmetics & Medicine
By Geography
- North America
- South America
- Europe
- Asia Pacific
- Middle-east and africa
Competitive Analysis:
Global silk market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of silk market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
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