Synthetic Spider Silk Market is Estimated To Witness High Growth Owing To Properties Similar To Natural Spider Silk
The Synthetic Spider Silk Market is estimated to be valued at US$ 1212.68 Mn in 2023 and is expected to exhibit a CAGR of 6.1% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Synthetic spider silk refers to manufactured spider silk fibers produced through genetic engineering techniques. Natural spider silk is one of the strongest fibers known, being tougher than steel and more elastic than nylon or Kevlar. Synthetic spider silk is being produced to mimic the exceptional properties of natural spider silk such as high tensile strength, elasticity, thermal stability, and biocompatibility. This has increased its demand across various industries such as textile, automotive and medical. Market key trends: The increasing demand for lightweight and high-performance materials from industries such as automotive, aerospace and military is boosting the growth of synthetic spider silk market. Spider silk fibers have hi