The global silk market is projected to reach USD 16.94 Billion by 2021, at a CAGR of 7.8% from 2016 to 2021. The Asia-Pacific region is leading the silk market, in terms of value, and the trend is projected to continue till 2021. Countries in this region such as China, India, Thailand, Uzbekistan, and Japan are witnessing growth in the use as well as production of silk.

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Critical questions which the report answers

What is emerging type of silk being developed?
Which are the key players in the market and how intense is the competition?
The following are the major objectives of the study:
To define and segment the global silk market by type, application and region
To estimate and forecast the global silk market in terms of value & volume
To analyze significant region-specific trends of the market in Asia-Pacific, North America, Europe, South America, and Middle east & Africa regions
To estimate and forecast the global silk market by type at the country level in each of the regions
To estimate and forecast the global silk market by application at the region level
To identify and analyze the key drivers, restraints, and opportunities, and challenges influencing the silk market
To strategically identify and profile the key market players and analyze their core competencies in each type of the global silk market
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Increasing demand from textile and cosmetics & medicine applications is driving the growth of silk market
Textile

Textile is the largest as well as fastest-growing application of silk market. Silk is used in textiles for its lustrous appearance, luxurious feel, lightweight, resilient, and strength. Silk material is used for wedding dresses, gowns, blouses, scarves, neckties as well as in many household products such as pillows, wall hangings, draperies, upholstery. Silk's absorbency makes it quite comfortable to wear, especially, in warm weather.

Cosmetics & Medicine

Cosmetics & medicine is the another major application cluster of silk material. This application of silk is still in nascent stage and cater to a very small share of silk market. Silk fibroin is a natural protein which is used as a raw material for various cosmetic products. Silk is used in cosmetic cream, lotion, liquid soap, cleansing foam, shampoo, conditioner, and nail enamel. Silk polypeptide is used in shampoo, skin lotion, skin cream, cleansing cream, and soap owing to its excellent film making function.