(MENAFN - GetNews) Silk Market By Production Process (Cocoon Production, Reeling, Throwing, Weaving, Dyeing), Type (Mulberry Silk, Tussar Silk, Eri Silk, Spider Silk), Application (Textile, Cosmetics & Medicine), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)– Industry Trends and Forecast to 2026
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.
The silk market has analyzed significant development in recent years and will highlight increased demand in the upcoming forecasted years. The developing interest for silk industry is a key factor driving the market development in the forecast time. The quick utilization is creating major opportunities for the purchasers, suppliers, and distributors in the silk market. Also, the analytical study examines all the key angles that have been affecting trends of the industry over the market development.
While planning this silk report, customer business skill is understood to identify tangible growth opportunities. Also, the strategic model around the growth objective is structured by investigators, with detailed route-to-market analysis, abilities to be leveraged and created, just as any potential pitfalls. The silk market research report delivers a comprehensive analysis of the market structure along with the forecast of the diverse segments and sub-segments of the market. The silk report considers an in-depth description, competitive scenario, wide product portfolio of key vendors and business strategy adopted by competitors along with their SWOT analysis and Porter's five force analysis.
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This rise in market value can be attributed to growth of demand from various developing regions of the world. 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 China Zhongsi Group Co., Ltd. Bolt Threads Inc. Spiber Technologies AMSilk GmbH Kraig Biocraft Laboratories
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.
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
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By Production Process
Segmentation: Global Silk Market
- Cocoon Production
- Mulberry Silk
- Tussar Silk
- Eri Silk
- Spider Silk
- Cosmetics & Medicine
US Canada Mexico
Brazil Argentina Rest of South America
Germany France United Kingdom Italy Spain Russia Turkey Belgium Netherlands Rest of Europe Asia-Pacific Japan China South Korea India Australia Singapore Malaysia Indonesia Thailand Philippines Rest of Asia-Pacific
South Africa Egypt Saudi Arabia United Arab Emirates Israel Rest of Middle East and Africa
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