Silk Market 2018-2025: Global Industry Research and Rapid Growth In Demand


Posted November 21, 2018 by piyush

Report Forecasting Regional and Global Analysis on Silk Market By Type (Mulberry, Tussar, Spider, Eri) Application (Textile, Cosmetics & Medicine) and Geography.

 
The Global Silk Market accounted for USD 11.66 billion in 2016 and is projected to grow at a CAGR of 7.4% during the forecast period.
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Silk is composed of both natural as well animal fiber. It comes from the fibroin which is created from proteins release in the liquid state as a single filament through silkworm. It is characterized by natural sheen, light weight, high absorbent quality, and poor heat conduction. Silk can be used in textile, cosmetics and medicine. Growing demand for eco-friendly textile materials is one of the major drivers of this market. Some of the major players operating in silk market are
• Wujiang First Textile Co., Ltd.
• Anhui Silk
• Shengkun Silk Manufacturing Co., Ltd.
• Zhejiang Jiaxin Silk Co., Ltd.
• AM Silk GmbH
• China Silk Corporation
• Jinchengjiang Xinxing Cocoon Silk Co., Ltd.
• Bolt Threads Inc.
Others: Kraig Biocraft Laboratories, Inc., Entogenetics Inc., Wensli Group Co. Ltd., Sichuan Nanchong Liuhe (Group) Corp. among others. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market. The global silk market is consolidated due to the presence of limited number of players concentrated in few countries.
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Key Insights in the report:
• Historical and current market size and projection up to 2025
• Market trends impacting the growth of the global n-butanol market
• Analyze and forecast the n-butanol market on the basis of application and end-user
• Trends of key regional and country-level markets for application and end-user
• n-butanol Company profiling of key players which includes business operations, product and services, geographic presence, recent developments and key financial analysis
• On the basis of type, global silk market is segmented into
1. Mulberry
2. Tussar
3. Spider
4. Eri
• On the basis of application, global silk market is segmented into
1. Textile
2. Cosmetics & medicine
• On the basis of geography, global silk market report covers data points for 28 countries across multiple geographies namely North America & South America, Europe, Asia-Pacific, and Middle East & Africa.
• Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others
Major Market Drivers:
• Rising demand from Indian textile industry
• More of technological innovation in sericulture
• Low capital investment required
Restraints:
• Dependency for raw material on China
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Tags silk market
Last Updated November 21, 2018